Entrepreneurial Opportunity in Recycling Vending Machine Business - Desklib

Entrepreneurship

Contents
INTRODUCTION.......................................................................................................................................3
Business Model...........................................................................................................................................3
Consumer Segment......................................................................................................................................3
Market.........................................................................................................................................................4
Micro-Market..........................................................................................................................................4
Macro-Market..........................................................................................................................................4
Industry.......................................................................................................................................................5
Industry-Micro.........................................................................................................................................5
Mission Statement.......................................................................................................................................6
Teamwork Dynamics...................................................................................................................................6
Critical Success Factors...............................................................................................................................6
Connectedness test:.....................................................................................................................................6
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................8

INTRODUCTION
This report discusses about the new business plan which is mainly on the vending
machine which recycles the materials. The following discussion is made on the seven domain
model.
Concept statement
The concept statement of the company is “ Your trash, Our treasure”. The name of the
business is Gree_N_ature and the product which it will offer will be Recycling with
rewarding. The main target audience of this business are the one who ate willing to move
forward towards the sustainability (Aldrich, 2017). The USP of the business is-
 The recycling of the materials.
 100% recycle.
Business Model
The business model of this is the recycle vending machine which includes the physical
operation. It will include the recycling of the materials by way of vending machine and the
orders can be taken from e-commerce medium so that more and more of the customers are
attracted. The online and offline sales of the product will help to enhance the profit of the
business (Alvarez and Barney, 2020). It will expand the operations in UK and currently
manufactures in Germany the features of this product includes Reverse vending machine assist
environment in recycling, reusing products by minimizing the requirement for raw material to
create new products. Company is gaining sustainability by promoting their products which is
helpful in recycling. Company can gives various rewards and offers in order to spread awareness
to the people about the sustainability (Belik and et. al., 2019).
Consumer Segment
Company deals in automated retail sector by supplying their product or services to those
companies that are working for or towards sustainability.