Frederick W. Smith Quotes

Powerful Frederick W. Smith for Daily Growth

About Frederick W. Smith

Frederick Wallace Smith (born April 13, 1944) is an American business magnate and founder of FedEx Corporation, one of the most influential logistics companies in the world. Known for his innovative spirit and strategic acumen, Smith's life and work have significantly impacted global commerce. Born in Marks, Mississippi, Smith spent much of his childhood in the Midwest before joining the United States Naval Academy in 1962. After graduating with a Bachelor of Science degree in 1966, he served as an officer on the destroyer USS Kidd during the Vietnam War. It was during this time that Smith conceived the idea for FedEx while studying at Yale University's School of Management, where he earned his MBA in 1971. Smith envisioned a faster and more efficient delivery system compared to traditional postal services, which led him to found Federal Express Corporation (now FedEx Corp.) in 1971. Despite facing significant financial challenges and skepticism from investors, Smith's determination and innovative approach propelled the company forward, revolutionizing the shipping industry with its overnight delivery service. Throughout his career, Smith has been recognized for his entrepreneurial spirit and contributions to business. He was inducted into the National Aviation Hall of Fame in 2004 and received the Presidential Medal of Freedom from President George W. Bush in 2008. Today, FedEx is a multibillion-dollar company with operations in over 220 countries, employing hundreds of thousands of people worldwide. Smith's life story underscores the power of perseverance, innovation, and a clear vision to transform industries and leave an indelible mark on history. Some key quotes by Smith that encapsulate his philosophy are: 1. "There is no substitute for leadership." 2. "I am not afraid to take risks. I will make mistakes but I won't make the same one a second time." 3. "Ideas without execution will never change the world."

Interpretations of Popular Quotes

"If it can be shipped, it's logistics."

This quote by Frederick W. Smith suggests that logistics encompasses all aspects of moving goods from one place to another. In simpler terms, if a product or service can be transported or delivered, it falls under the purview of logistics. It underscores the essential role of logistics in our globalized world, where efficient movement and delivery of products play a vital part in commerce and everyday life.


"Logistics is the lifeblood of a military operation."

This quote by Frederick W. Smith emphasizes the essential role that logistics plays in any military operation's success. Logistics refers to the planning, management, and execution of activities to ensure resources are available where and when they are needed. In a military context, this can range from providing soldiers with food, water, and ammunition to moving vehicles and equipment, and coordinating transportation, communication, and maintenance services. Essentially, without effective logistics, a military operation would not be able to function efficiently or sustain itself over time, making it "the lifeblood" that keeps the operation running smoothly.


"The challenge of logistics is to connect the dots in a world that doesn't like to connect dots."

This quote suggests that the field of logistics, or the management of the flow of goods and services, often involves navigating complex systems where various elements do not naturally fit together. The "dots" here could represent different components such as suppliers, transportation, warehouses, customers, etc., which need to be seamlessly connected for efficient and effective operations. However, the world's natural state is one of disconnection due to factors like distance, time, culture, and politics. Therefore, logistics professionals must constantly work on finding innovative solutions to connect these seemingly disparate elements, ensuring smooth movement of goods and services across the globe.


"You can't manage what you can't measure."

This quote emphasizes the importance of having quantifiable data and metrics to effectively manage and improve a given situation, process, or system. In other words, if we can't gather and analyze relevant data, it becomes challenging to evaluate performance, identify issues, and make informed decisions for improvement. By measuring our progress, we create accountability, foster transparency, and establish a solid foundation for continuous improvement and success.


"Quality, Service, and Value: In that order." (These are FedEx's core values as established by Frederick W. Smith)

This quote by Frederick W. Smith emphasizes the prioritization of quality, service, and value in the operations of FedEx, his company. Quality refers to the high standard of goods or services provided; Service represents the efficient and reliable customer care delivered; and Value indicates the worth or benefit received in exchange for cost. By placing these three elements in that specific order, Smith is suggesting that a strong focus on delivering quality service with inherent value should be at the heart of FedEx's operations. In other words, this quote underscores the idea that FedEx should strive to offer exceptional services and products that are valuable to its customers while maintaining the highest standards of quality throughout the process.


A Yale University management professor in response to student Fred Smith's paper proposing reliable overnight delivery service: The concept is interesting and well-formed, but in order to earn better than a 'C', the idea must be feasible.

- Frederick W. Smith

Student, Proposing, Smith, Delivery

My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business.

- Frederick W. Smith

Innovation, Applying, Banking

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

- Frederick W. Smith

Innovation, Wealth, More, Historically

The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.

- Frederick W. Smith

United, United States, Large, Tax Rate

The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.

- Frederick W. Smith

United, United States, Very, Prejudiced

Beginning in 1973 and then acts in '77, '78, 1980, 1994 and then into the 21st century in the international arena, governments have steadily gotten out of the transportation business.

- Frederick W. Smith

Business, Beginning, Gotten, Steadily

Leadership is simply the ability of an individual to coalesce the efforts of other individuals toward achieving common goals. It boils down to looking after your people and ensuring that, from top to bottom, everyone feels part of the team.

- Frederick W. Smith

Other, Part, Feels, Goals

I do not believe I could have built FedEx without the skills I learned from the Marine Corps.

- Frederick W. Smith

Skills, Built, Learned, Corps

My four years in the Marine Corps left me with an indelible understanding of the value of leadership skills.

- Frederick W. Smith

Marine Corps, Indelible, Corps

A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.

- Frederick W. Smith

Reason, Lot, Supplied, Societal

Every time we make an investment decision at FedEx, we ask ourselves: 'What is the return on this investment?'

- Frederick W. Smith

Decision, Investment, Ask, Every Time

Only electricity can give the transport sector the flexibility to switch fuels when one or more become too expensive.

- Frederick W. Smith

Give, More, Fuels, Switch

I am not someone who tends to advocate for increased government involvement in the private sector.

- Frederick W. Smith

Private, Private Sector, Am, Tends

Leaders get out in front and stay there by raising the standards by which they judge themselves - and by which they are willing to be judged.

- Frederick W. Smith

Willing, Raising, Which, Front

The biggest part of our business has always been moving things, not paper. With the Internet, people in Mississippi can buy things from Macedonia, without regard to time or place or quantity.

- Frederick W. Smith

Quantity, Always, Been, Mississippi

I'm not afraid to take a swing and miss.

- Frederick W. Smith

Swing, Afraid, Take, Miss

There is no free market for oil. It's controlled by a cartel, OPEC.

- Frederick W. Smith

Oil, Market, Controlled, OPEC

A manager is not a person who can do the work better than his men; he is a person who can get his men to do the work better than he can.

- Frederick W. Smith

Better, Person, His, Manager

Fear of failure must never be a reason not to try something.

- Frederick W. Smith

Failure, Reason, Never, Try

Information about the package is as important as the package itself.

- Frederick W. Smith

Important, About, Itself, Package

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