Business Plan Abby

COLLAPSE

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When it comes to profit, while necessary, I will use an approach like FedEx. The People-Service-Profit philosophy (P-S-P) is based on the belief that by creating a positive working environment for employees, they will provide better service quality to customers, leading to customers using FedEx products and services (FedEx, 1). I believe that if employees (people) enjoy coming to work, they will produce a quality product. The customer (service) will enjoy the product made because it is on time and of good quality. Both of those lead to profits because customers keep coming back.

            One of the essential things about profits is investing in the community and investing back into the business to ensure that the community knows we are willing to support it through volunteering and adopting minor league teams helps with brand reputation. Public sharing of our environmental footprint on our website and our packaging shows our commitment to the environment, reducing compliance risk and demonstrating our commitment to the earth. A good example is sharing how we recycle, reduce water use, and use scarps as composite.

 

Reference

 

1.Fedex attributes success to people-first philosophy. FedEx Newsroom. (n.d.). Retrieved May 13, 2022, from https://newsroom.fedex.com/newsroom/fedex-attributes-success-people-first-philosophy/ 

 

 

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