Business Plan for Waste Management Company - Good for Environment

ASSESSMENT- 2

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Business Description / Intellectual Property and Legal considerations.................................3
Industry Analysis....................................................................................................................4
Operations and Management Team Plan................................................................................5
Four P's of waste management ..............................................................................................6
Financial Plan.........................................................................................................................7
Market Research ....................................................................................................................8
CONCLUSION ...............................................................................................................................9
References .......................................................................................................................................9

INTRODUCTION
Business is defined as the legal business entity which is involved in various activities such as
commercial, industrial and others with the objective of generating profits. Business management
concentrates on organising as well as managing business resources for attaining determined goals
and objectives on time with efficiency and effectiveness. Business is the document that includes
all details of organisational objectives, plans and strategies that direct how these objectives are
achieved. This report includes new business is taken that involved in waste-management through
recycling and reducing waste for protecting environment. This report includes business
descriptions, industry analysis, operations and management team plan, marketing and financial
plan.
TASK
Business Description / Intellectual Property and Legal considerations
Description of business: New business venture named Good for Environment is taken into
consideration that provides its services at different parts of UK. Respective business take
initiative foe saving environment through waste management system.
Mission statement: Mission of organisation is to protect environment on large scale through
managing waste by dispose, reduce and re-cycle waste in effective manner. Organisation
promotes organisational waste management team to use biodegradable material
Description of products and services: Organisation provides its services such as waste
management through using different methods like recycling, composting, incineration, landfills,
bioremediation, waste to energy, and waste minimization. Through this innovative business idea,
organisation can concentrates on developing energy with the help of waste material which is
good for environment as well (Almeidaand Santos, 2018). This service help business to fulfil
corporate social responsibility and maintain differentiated image in market. Organisation develop
products from these material and sell them in market to generate profits.
Intellectual property: Intellectual properties are defined as the set of intangible assets that are
owned as well as legally protected by the organisation or individuals from outsider user.
Organisation involve in waste-management uses copyright to protect its unique business idea,
procedure and method of waste-management. It helps business to gain competitive advantages
and save their ideas and new business plan from external competitors.

Legal considerations: There are various legal requirements are followed by the new established
organisations for running business operations in best possible manner. Waste management
organisation uses partnership as a legal business structure in which two or more partners run
business with the objective of attaining common goals and objectives.
Industry Analysis
Waste-management organisation comes under service industry that have rapid growth and sales
opportunities. Currently its size is small but new business are attracted towards it that make it
more competitive.
Porter's five forces model: Porter's five forces model is defined as the framework that help
business to analyse and identify competitive forces that shapes whole industry. As waste-
management through specific process is new business idea so, it becomes important for the
organisation to understand these forces and develop strategies accordingly to gain competitive
advantages (Demosthenous, 2021). Forces of waste-management are explained below:
Competition within industry: Competitors are the organisation which are involved in
providing similar products and services in market. Waste-management organisation established
with innovative idea so it provides unique services to its customers. So, there is less competition
in service industry in the context of waste-management concept.
Threat from new entrants: In current business environment, customers aware regarding
environmental aspects and conscious of its protection. Waste-management is the process that
maintains differentiate and strong image of brand in market. It attracts larger number of entrants
that impact on organisational overall performance and profitability.
Bargaining power of suppliers: Waste-management organisation has limited suppliers
who provides technologies and machineries for recycling waste. Suppliers can impacts on
business performance through raising prices of machineries and quality of material. It is
important for business to maintain effective relationship with suppliers to get quality material at
affordable price.
Bargaining power of customers: Now these days customers are more conscious
regarding environment, so they prefer to use products that are produced from biodegradable
material (Gregório, 2021). Waste-management organisation has large number of customers who
prefer to purchase organisational products that creates lower customer bargaining power from
customers.