The prevailing difficult business environment has adversely affected companies and institutions performances globally. Business entities are forced to devise innovative counter measures to curb negative effects of such difficult economic environment. Majority of companies are embarking on techniques of cutting down operational costs with the main aim of boosting overall performance. This hardly achieved as the adverse business environment has impacted on pushing up operational costs due to effects of inflation and desire for hire wages among employees. This means that, any attempts to lower operational costs will impact on reduced service level and consequently overall performance will have to decline.
Attempts to raise price with the main aim of boosting revenues is also not realistic in the prevailing business environment. Customers will simply buy from competitor companies or alternatively use substitute goods and services. This due to the fact that, similarly to companies, consumers have also been affected by the difficult economic conditions and are always looking of ways of minimizing their expenses. Therefore, the targeted profit maximization objective is hardly achieved.
To survive in such an environment, it is prudent to deploy alternative innovative techniques which will boost overall revenues and lower the cost without undermining the service level. It is also critical to transform public institutions to business entities. This is challenging and requires proper research on the market trends and full management dedication. This can be achieved through application of strategic management and selection which will ensure only the most optimal decisions are made.
This paper explores US Postal service case as it strives to sustain business operations. Appropriate measures which can reverse the negative performance trend are also discussed.
Introd
Inhaltsverzeichnis (Table of Contents)
- Introduction
- US Postal Service
- Strategic Management
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper explores the challenges faced by the US Postal Service in sustaining business operations within a difficult economic environment. It aims to identify the root causes of the company's declining performance and proposes strategies based on strategic management principles to reverse this trend. The paper emphasizes the need for innovation, cost optimization, and customer-centricity to create a more sustainable business model.
- The impact of a challenging business environment on the US Postal Service's performance
- The need for strategic management and decision-making to address declining performance
- The importance of innovation and cost optimization in creating a sustainable business model
- The role of marketing and customer service in enhancing overall business performance
- The significance of strategic selection to ensure optimal resource allocation and decision-making
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the context of the paper, highlighting the challenges faced by the US Postal Service in sustaining overall performance amid a difficult economic environment. It emphasizes the need for a comprehensive analysis of the company's performance and the development of strategic solutions to reverse the negative trend.
- US Postal Service: This chapter delves into the specific challenges faced by the US Postal Service, including declining service levels, financial difficulties, and failed attempts to implement cost-cutting measures. It highlights the need for innovative solutions to address these challenges and improve the company's overall performance.
- Strategic Management: This chapter explores the application of strategic management principles in the context of the US Postal Service. It emphasizes the importance of strategic analysis, decision-making, and resource allocation to create a sustainable business model. The chapter discusses various strategies that can be implemented, including cost optimization, marketing initiatives, and the development of new services.
Schlüsselwörter (Keywords)
This paper focuses on the key themes of strategic management, cost optimization, customer service, and innovation in the context of the US Postal Service's declining performance. It explores the application of these concepts to address the challenges faced by the company in a difficult business environment. The paper also considers the role of strategic selection and resource allocation in achieving long-term business sustainability.
- Citation du texte
- Dr Kelly Clarkson (Auteur), 2011, US Postal service case as it strives to sustain business operations, Munich, GRIN Verlag, https://www.grin.com/document/213088
