MGMT20143 Think Big: Recycle Bin Business Model & Waste System

This project explores a business model centered around an innovative recycle bin designed to address the growing problem of household and factory waste. The proposed solution involves a portable and affordable recycle bin capable of treating organic waste and producing fertilizer. The business model focuses on key activities such as helping factories and businesses manage waste effectively, partnering with technology companies, and offering a value proposition of a cleaner environment. The project details customer relationships, channels, resources, customer segments, cost structure, and revenue streams. Critical success factors include maintaining machinery quality, developing partnerships, creating engaging content, and continuous improvement. Feasibility is assessed through market surveys and demo products. The conclusion emphasizes the societal benefits of the idea, its potential to solve waste disposal issues, and the importance of effective marketing for success. The report includes references and appendices to support the analysis.

WASTE MANAGEMENT SYSTEM

INTRODUCTION
 People in every household are having a
major problem in dumping their
household wastes properly.
 They often dispose of the wastes in the
raw form.
 This causes large-scale pollution.
 Similar problems persist with large
factories as well.

INTRODUCTION
 There has to be some unique business technology that will be providing new
machinery called the recycle bin.
 This will not only help in reducing the waste but will also help in converting the
waste into fertilizer (Pearce, 2014).
 When such technology will be devised the pollution due to waste products will be
reduced.
 The waste management devices must be affordable so that everyone can acquire.

MARKET PROBLEM
 The problems that exist in the
market in the modern day
scenario are the lack of proper
garbage dumping system
(Brunner & Rechberger, 2015.
 The houses dump their wastes
in open spaces.
 Lack of waste management
system gives rise to pollution.
 Untreated waste clog drains
and create flood.

THE SOLUTION
 A recycle bin that can treat the
organic wastes and also
produce fertilizers might be
used (Binnemans et al., 2015).
 The recycle bin must be
portable and not very large in
size.
 It must be affordable and in the
budgetary limit of the target
market.

BENEFITS OF THE IDEA
 This will be a path-breaking
invention in the field of
business and it will help in
breaking down the wade into
simple soluble particles so that
it does not create any harmful
pollution.
 the user has to be assured of
the fact that he or she will have
to face no difficulty in
decomposing the waste
(Cucchiella, D’Adamo &
Gastaldi, 2014).

BENEFITS OF THE IDEA
 This method will also help in producing natural fertilizers that will be good
boosting up the fertility of the soil which in turn will be very good for the
growth of plant.
 There will also be the reduction of food waste.
 The recycle bins will be working with the goal of transforming every bit of the
kitchen waste into a proper and healthy kind of manure.
 The device can be called the food recycler.

PROPOSED BUSINESS MODEL
 Key activities- The company will be to help the factories and the business
organizations for treating their wastes in a smart and useful way.
 Key partners- The well-known technology companies.
 Value Proposition- They will help in making the society and the world as a
while a cleaner place. They will help in getting rid of the wastes that are
generated by the houses and the factories on a daily basis (Zaman &
Reynolds, 2015).

PROPOSED BUSINESS MODEL
 Customer Relationship- They are working for the welfare of the society and
the people living in it. They have to keep in mind that they are launching a
very new concept and a very new object in the market. This will be able to
work properly only when the customer response is good.
 Channels- Social media and the websites of the companies.
 Resources- Technical staff, Machineries and parts.

PROPOSED BUSINESS MODEL
 Customer segment- All the factories, manufacturing units and the
households.
 Cost structure-Amount of fund for creating the machine parts that
will prepare this recycle bin. Salary of staffs.
 Revenue stream- Sales and service.

CRITICAL SUCCESS FACTORS
 They cannot compromise with the quality of the machinery.
 The new startup company will be successful because of the partnerships that
they will be developing with the well-known and the important companies .
 Good quality content writings within their social campaigns.
 Constant improvement.
 Innovative and successful services.

FEASIBILITY OF THE IDEA
 Feasibility test through analysis
through models.
 There can be surveys to see
market demand.
 There can be demo products
which will be used for test run.

CONCLUSION
 This idea will be greatly helpful
for the society.
 The problem of dumping of
waste will be solved at one
hand and moreover the recycle
bin will produce fertilizers.
 Properly marketing the product
would make it successful and
popular.

REFERENCE
 Brunner, P. H., & Rechberger, H. (2015). Waste to energy– a key element for
sustainable waste management. Waste Management, 37, 3-12.
 Binnemans, K., Jones, P. T., Blanpain, B., Van Gerven, T., & Pontikes, Y.
(2015). Towards zero-waste valorisation of rare-earth-containing industrial
process residues: a critical review. Journal of Cleaner Production, 99, 17-38.
 Cucchiella, F., D’Adamo, I., & Gastaldi, M. (2014). Sustainable management
of waste-to-energy facilities. Renewable and Sustainable Energy
Reviews, 33, 719-728.
 Pearce, D. (2014). Blueprint 3: Measuring sustainable development.
Routledge.
 Zaman, A. U. (2014). Measuring waste management performance using the
‘Zero Waste Index’: the case of Adelaide, Australia. Journal of cleaner
production, 66, 407-419.