In July 2011, the linked States postal Service (USPS) faced an $8.3 billion shortfall because of change magnitude first class mail service (Bingham, 2011). Whereas the USPS pushes cutting cost through elimination or reduction of core operate; cutting Saturday from its legal transfer schedule, an innovative approach to improve process, services, and products could be the approach that places the agencys strategy affirm on track. Today, innovation is close to much more than new products. It is about reinventing business processes and building entirely new markets that meet untapped customer needs (Bloomberg Businessweek, 2006, para. 5). Innovation can allow USPS to produce its current monetary situation around without cutting back on its products or services; or worse even, a reduction in force. In fact, customers may find the USPS confrontation their needs in ways never before stargaze possible. Several innovative considerations could apply to the USPSs situation, but in that respect are three specific considerations that will have the more or less positive outcome.
These three innovative considerations are: and overhaul of the lively delivery system to include changes to schedule and fee structure, executing of digital technology, and joint global ventures with other commercial delivery services.
Innovative Impact
The watchdog that keeps an eye on the join States postal Service is looking for new products and other innovations for the Postal Service (Postal Watchdog hard to Unleash USPS Innovation, 2011). The reason for innovation is because the USPS is facing decline of mail volume, shed light on losses, and debt increase an innovation is paramount. The Office of Inspector General (OIG) suggested that the Postal Service to consider new lines of business for example, electronic mailboxes, financial services for the unbanked, and facilitation of online and international commerce (Postal Watchdog Trying to Unleash USPS...If you want to get a full essay, run it on our website: Orderessay
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