Business Report on Bio-Bean: SWOT Analysis, CSR, and Innovation

This business report provides a detailed analysis of Bio-Bean, a private company involved in recycling coffee grounds and producing biofuels. The report includes a SWOT analysis, corporate social responsibility fulfilled by the company, and innovative and creative dimensions of the business. The report concludes with recommendations for business expansion and improvement.

Business Report

Table of Contents
INTRODUCTION...........................................................................................................................2
ANALYSIS......................................................................................................................................2
SWOT Analysis of the company................................................................................................2
Corporate social responsibility fulfilled by the company...........................................................3
Innovative and creative dimensions of the business...................................................................4
CONCLUSION AND RECOMMENDATIONS............................................................................5
REFERENCES:...............................................................................................................................6
Books and Journals.....................................................................................................................6

INTRODUCTION
Business report refers to the written documents, made by companies which contains all
the crucial informations of organisation (de Elejalde, Ponce and Roldán, 2022). This is prepared
by doing a deep analysis and planning. With this when an organisation wants to make changes in
it's polices or wants to expand they need to performs planning. With making some innovation or
adding some creativity in products companies are able to achieve competitive advantages. They
even can charge high prices for this innovation and make increase in it's profit. For preparing this
particular business report the selected organisation is Bio- Bean. It's a private company, which is
involved in recycling, manufacturing and supply the produced goods. It's headquarter is in
Cambridgeshire, England and was founded in 2013. The company is having a workforce of 28
employees. The company is involved in recycling thousands of tonnes of waste that is arsed from
Coffee grounds and then converting it into biofuels (Yi, Chen and Li, 2022). The company is
able to generate revenue of 10 million Euros annually. With this, the top most competitors of
Bio- Bean are Betteries, Viaex, Moblus and Bioecon. This file includes the SWOT analysis of
the company, cooperate social responsibilities followed by company and innovation and
creativity made by company. Lastly, strategies though which business improvement and
expansion can take place were discussed.
ANALYSIS
SWOT Analysis of the company
SWOT analysis is performed by the companies in order to evaluate it's internal strength,
opportunities, threat and weaknesses (Hanaysha and et. al., 2022). The SWOT analysis of Bio-
Bean is as follows -
Strength Weakness
Skilled workforce – The biggest strength of
Bio- Bean is that the company had a skilled
workforce. They are aware about the work they
have to perform and with this positive attitude
of employees, the objectives the organisation
could be achieved more quickly.
Less technology – As the company Bio- Bean
is small company so they so not have fund to
make continues purchase of new or latest
technology. So the technology used by them is
old, which results in decreasing productivity of
company.

Innovation - Bio- Bean is involved in full
innovation and creativity. The idea generated
by them for producing fuel from waste coffee
grounds was quite innovate, which helps them
in getting competitive advantage.
Sustainable products – The raw material use
by Bio- Bean is Eco – friendly, with this the
product that is Bio fuel produced by them is
again a sustainable product. This is how they
are able to make their contribution towards
protecting environment.
Limited area coverage – The company Bio-
Bean is operating in limited area, through
which they are not able to grab large customer
base, hence results in reducing revenue and
profit of the company.
Opportunity Threat
Less competition – The idea of making fuel
from waste coffee ground was quite unique, so
less competitors are available in this industry.
The amount of generating profit or revenue is
quite high which will give long term benefit to
Bio- Bean.
Expansion – As the company Bio- Bean is
performing it's operations only England,
through which they are not able to grab large
customer base, hence results in reducing
revenue and profit of the company. So, to
avoid this situation the company can should
start expanding it's business.
Financial Risk – The company is dealing at
small level, so Bio- Bean has to face shortage
of availability of fund which will affect the
working of company negatively.
Safety Risk – As the company Bio- Bean is
dealing in fuel so if any mishappening takes
place then the company has to face a huge loss.
Corporate social responsibility fulfilled by the company
Corporate social responsibilities or CSR refers to the concept of management which are
to be followed by businesses towards environment and community(Méndez‐León, Reyes‐

Carrillo and Díaz‐Pichardo, 2022). By following the corporate social responsibilities companies
are able to maintain or develop good relations among the society and stakeholders. Fulfilling
corporate social responsibilities also helps in developing brand image of the company which
helps in increasing sales of the company and further the rate of employee satisfaction and
retention also increases. Their are certain Corporate social responsibilities which are being
followed by the company Bio- Bean, which is helping them in building good image. The first
and atmost Corporate Social Responsibility fulfilled by Bio- Ben is reducing the amount of
pollution. The company is involved in recycling the waste that is generated from Coffee
Grounds. They collect all the coffee waste and then start with the recycling procedures. With
this, the output that is produced from this process is able Eco – friendly. Bio fuel is being
produced by the company and then supplied to the required places. They are investing towards
environment protection and prevention. With this they are providing fair pay to it's workforces,
through which they can live a happy life and their standard of living could be developed. They
also involves in performing charity work, they use to keep a certain sum of amount from their
profit to give them in charity and make the contribution towards the welfare of the society or
community. With this by producing sustainable products the company Bio- Bean is able to
reduce amount of carbon footprints which are emission in the environment. They do think about
it's workforce, numerous policies in the favour of employees are being framed by the company.
This is helping the company in increasing rate of employee satisfaction and employee retention.
Along with this the image of company is continuously improving. The company is also planning
to develop more products, which will also be environment friendly. As the company believes
there is no waste which could be considered as waste, by using appropriate approach the waste
could be converted into useful thing (Mochales and Blanch, 2022). So with this aim the company
is trying to make best possible efforts in order to protect environment. The other corporate social
responsibility followed by the company is they are able to save natural resources by producing
their self bio fuel. The availability of natural resources is decreasing day by day with the increase
in population so production of bio fuel is beneficial for economy. They believes that workforce
of company is everything for them, so they use the techniques of production through which it
can't effect the health of it's workforce.

Innovative and creative dimensions of the business
The company Bio- Bean believes that with proper strategy formation the waste material
can be transformed again (Model, 2022). With this mind set the company developed an
innovative idea of developing Bio- Fuel with the waste material of coffee ground. Every year
thousands of million waste of coffee ground is generated which is thrown randomly and a huge
collection of garbage takes place. So the company Bio- Bean come up with the idea of producing
Bio- Fuel. The company is able to generate employment and along with this they are making a
huge contribution towards economy by producing fuel with is environmental friendly. The
company do not stop here they are soon planning to start producing Bio diesel. Most of the buses
or vans is run with diesel, so the next innovation by company will helps in reducing the pollution
raised by these vehicles (Mukherjee and et. al., 2022). The company not only stop here they are
even producing Briquette from the waste coffee ground, which is again a natural resource. The
research and development team in involved in producing bio chemical which do not harm living
being as well as environment. The company do not stop here they are even involved in using the
techniques through which the health of it's workforce do not get effected. With this, the
technological or techniques used by the company is not easy to copy. So, this makes difficulty
for the competitors to expand in this business quickly. When the competitors are able to
understand the technology till then the company will make some new innovation.
CONCLUSION AND RECOMMENDATIONS
From the above report it can be concluded that, innovation in the businesses helps the
companies to get competitive advantages. This report includes SWOT analysis of the company,
Corporate Social Responsibilities of the company and lastly, the innovation and creative
dimensions of the company. In order to make business expansion and improvement it is
recommended to make a proper analysis of the competitors (Sari and Yanita, 2022). With this
the company has to identify the new opportunities in the market and keep themselves updated.
The company should frame strategise by doing proper analysis and should take help of
employees at the time of decision making, their involvement is must in order to perform effective
work. For the purpose of expansion the company should make analysis of the places where they
can start new business unit. With this they can even provide franchise and licencing for the
purpose of expansion. They can also opt merge and acquisition in order to make expansion. The
company can also start exporting it's products in order to gain a huge amount of profit. With this

they can expand it's business in internation market, it will require a huge fund but once products
of companies starts selling then they will be able to acquire large customer base and the company
will be able to generate huge profit.

REFERENCES:
Books and Journals
de Elejalde, R., Ponce, C.J. and Roldán, F., 2022. Multidimensional innovation responses and
foreign competition. Industrial and Corporate Change.
Hanaysha, J.R., and et. al., 2022. Impact of innovation capabilities on business sustainability in
small and medium enterprises. FIIB Business Review, 11(1), pp.67-78.
Méndez‐León, E., Reyes‐Carrillo, T. and Díaz‐Pichardo, R., 2022. Towards a holistic framework
for sustainable value analysis in business models: A tool for sustainable development.
Business Strategy and the Environment, 31(1), pp.15-31.
Mochales, G. and Blanch, J., 2022. Unlocking the potential of CSR: An explanatory model to
determine the strategic character of CSR activities. Journal of Business Research, 140,
pp.310-323.
Model, P.E.S.T., 2022. Comparative Analysis. Business Research Methodology: Research
Process and Methods, p.395.
Mukherjee, D., and et. al., 2022. Mapping five decades of international business and
management research on India: A bibliometric analysis and future directions. Journal of
Business Research, 145, pp.864-891.
Sari, R.E. and Yanita, N., 2022. Strategies applied by accommodation service business in west
sumatera to overcome the crisis of covid-19 pandemic. Journal of Business on
Hospitality and Tourism, 8(1), pp.40-52.
Yi, Y., Chen, Y. and Li, D., 2022. Stakeholder ties, organizational learning, and business model
innovation: A business ecosystem perspective. Technovation, 114, p.102445.