Customer (avatar) analysis to truly hit the values/ethics
Company culture – People – Is every employee passionate about the product and working for the company
Founder understanding of themselves, values/ethics, and how to integrate into the product, company culture, and customer experience.
Profit – Why is something working is just as important to understand as why something is not
What is the impact on the planet, how can you minimize the impact
Truly understand the impact your company makes on the planet, is it positive , negative, neutral and adjust according.
Once People, Passion, and Planet are in check, Branding, marketing, promotion of these to increase profit
Using Marketing, Branding, and Content to convey the ethics/values, and people, passion, planet to the potential customer
SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis of a company that aligns itself with the P4 (People, Passion, Profit, Planet) framework and emphasizes congruency between its actions and values:
Increased Loyalty and Trust: By acting in line with its stated values across all four P’s, the company can build trust with its employees, customers, and the wider community, which can increase loyalty and retention.
Employee Engagement: When employees see that their company’s actions match its values, it can lead to increased engagement and job satisfaction, which in turn can lead to increased productivity.
Brand Differentiation: By demonstrating its commitment to the P4 framework, the company can distinguish itself from competitors who focus solely on profit.
Resilience: Companies that consider all four P’s may be more resilient in the face of changes or challenges, as they are not solely reliant on financial performance.
Higher Costs: Implementing sustainable business practices (Planet) and investing in people and passion might involve higher upfront costs, which could impact short-term profits.
Complex Decision-Making: Balancing the four P’s can make decision-making more complex, as the company has to consider multiple perspectives and impacts.
Potential for Conflict: There may be instances where the interests of people, passion, profit, and planet conflict with each other, requiring the company to make difficult trade-offs.
Growing Market for Responsible Businesses: There is a growing consumer trend towards supporting businesses that are socially and environmentally responsible.
Attracting Talent: Many employees, particularly younger ones, prefer to work for companies that align with their values, so the company could attract and retain high-quality talent.
Potential Partnerships: By demonstrating its commitment to the P4 framework, the company could attract partnerships with other like-minded businesses or organizations.
Rising Expectations: As more companies adopt sustainable and socially responsible practices, the expectations for what constitutes a responsible business are rising.
Greenwashing Accusations: If there’s a perceived gap between the company’s actions and its stated commitment to the P4 framework, it could be accused of greenwashing, which could harm its reputation.
Regulatory Risks: If the company fails to meet its environmental responsibilities, it could face regulatory penalties or legal action.
Financial Pressure: In tough economic times, there could be pressure to prioritize profit over the other P’s, which could create tension or conflict within the company.
This SWOT analysis provides a strategic view of the potential benefits and challenges a company may face when it aligns itself with the P4 framework and prioritizes congruency. This can help guide decision-making and strategy development.