Assignment 1: Discussion—Waste Reduction
Industries adopt waste minimization techniques that lead to significant resource savings and cost reductions.
This assignment emphasizes the basic concept of sustainability within business.
Tasks:
Research the topic of waste reduction and identify a company that has proactively reduced the waste associated with its products. You can take examples from your own work experiences or from other real-life market situations. You can also consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report.
Respond to the following:
- Analyze the sustainable approach to waste reduction developed by the company you selected. Include the following:
- Its products
- Previous methods of production
- The way it implemented sustainable methods
- Diversification, if any, into new products
- Your rationale for how this company still made profits
- Evaluate other businesses that might benefit from the waste reduction measures of this company.
