Share-A-Meal: Business Plan for Food Waste Reduction in Singapore

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Added on  2020/03/16

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This report provides a comprehensive analysis of the business environment in Singapore for the proposed venture, Share-A-Meal (SAM), which aims to reduce food wastage. The report begins with an introduction outlining the team's objectives and their interest in contributing to socioeconomic development in Singapore by 2025. A PESTEL analysis examines the political, economic, social, technological, environmental, and legal factors influencing the business landscape in Singapore. The analysis highlights Singapore's strengths as a business hub, its reliance on technology, and the need for skilled employees. The report emphasizes SAM's role in reducing food wastage through an e-commerce platform connecting organizations and individuals. It identifies the target market, including private companies and non-profit organizations, and provides recommendations such as 3D-printed meals and double-loop learning. The conclusion summarizes the findings, emphasizing Singapore's stable economy and high job opportunities. Finally, the report suggests specific roles for team members within the organization based on their strengths and weaknesses, including CEO, CFO, COO, CMO, and CRO. The report is well-researched, citing multiple credible sources to support its findings and recommendations.
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1.0 Introduction
Our team comprised of five members who were responsible for gathering and analyzing
different segments of the Knowledge Management report. The team faced several ups and downs
but it was a good attempt to understand the business context in real life challenges. We would
like to work for Share-A-Meal by 2025 due to socioeconomic reasons. This report helps in
looking into the external environment of Singapore through PESTEL analysis that can be
controlled by contextualizing the venture Share-A-Meal. It is analyzed that Singapore is a
successful business hub with higher cost of living. There is competitiveness in the country that
gives a boost to all kinds of businesses. By 2025, Singapore shall be reliable on high end
technology and highly skilled employees shall be able to serve the jobs. It is analyzed that our
company, SAM shall reduce food wastage in Singapore which is a necessary step for social and
economic development of the nation. This project helped me in understanding the value of food
and money which would otherwise be only treated as a low-level discussion. This paper helped
me in understanding the impact of food wastage and designing the idea of reduced food wastage
with the help of advanced information technology. This report helped me determine the
challenges that could arise in the uncontrollable or external environment, so that I can transform
the threats into opportunities. By analyzing our personal strengths and weaknesses, the suitable
roles in the organization such as CEO, CFO and others could also be identified.
5.0 Conclusion
This report helped in understanding that Singapore is a safe country with a stable
economy. The study found that Singapore has high job opportunities that make the economic
condition better. It is found that Singapore invites foreign investor and businesses due to the
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strong stability and environment. There are declining birth rates and education is considered
highly important. Singapore shall have a higher cost of living by 2025 that would increase
competitiveness in education and workforce. With the advancement in technology, the jobs shall
require greater skills and prepare people for an even rapid growth. The company, Share-A-Meal
shall strive to meet the needs for consumer in the future by helping organizations and individual
to reduce food wastages in Singapore. It shall be based on e-commerce and link the organization
by playing the role of a middleman. The report suggests that the target market includes private
companies, non-profit organizations and individuals that are willing to contribute to the society
and also helping to reduce food wastage in Singapore. Certain recommendations such as 3D
printed meal, double-loop learning and others are provided. Lastly, the report suggests that
Renuka could be the Chief Executive Officer, Bella as Chief Finance Officer, Hazima as Chief
Operation Officer, Yuen Teng as Chief Marketing Officer, and Azli as Chief Research and
Design Officer. These positions are suggested based on the personal strengths and weaknesses of
the team members.
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References
Foodbank.sg. 2017. "How It Works". Foodbank.Sg. http://www.foodbank.sg/index.php/banking-
differently/how-it-works.
Internations.org. 2017. "Cost Of Living In Singapore". Internations.Org.
https://www.internations.org/singapore-expats/guide/16061-economy-finance/cost-of-living-in-
singapore-16043.
Meyer, Arnoud De. 2015. "The Jobs - They Are A-Changing". The Straits Times.
http://www.straitstimes.com/singapore/the-jobs-they-are-a-changing.
Mingfeng, Alfred Chua. 2017. "Singapore Workers Unhappiest In South-East Asia:
Survey". Todayonline. http://www.todayonline.com/singapore/singapore-workers-unhappiest-
southeast-asia-survey.
Nea.gov.sg. 2017. "Waste Statistics And Overall Recycling". Nea.Gov.Sg.
http://www.nea.gov.sg/energy-waste/waste-management/waste-statistics-and-overall-recycling.
Sadowski, Jathan. 2017. "Food Delivery By Drones: Coming To A Restaurant Near You". The
Sydney Morning Herald. http://www.smh.com.au/technology/technology-news/food-delivery-
by-drones-coming-to-a-restaurant-near-you-20130807-2rf10.html.
Salleh, NUR. 2017. "Singapore Climbs To 7Th On Global Least-Corrupt Index". The Straits
Times. http://www.straitstimes.com/singapore/singapore-climbs-to-7th-on-global-least-corrupt-
index.
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Shiao, Vivien. 2017. "Sampling The Future Of Food Innovation In Singapore". The Business
Times. http://www.businesstimes.com.sg/government-economy/sampling-the-future-of-food-
innovation-in-singapore.
Spiegel, Alison. 2014. "All The Foods You Can Get Delivered By Drones". Huffington Post
India. http://www.huffingtonpost.in/entry/food-delivery-drone_n_5461689.
Todayonline.com. 2016. "The Evolution Of S’Pore’S Speakers’ Corner". Todayonline.
http://www.todayonline.com/singapore/evolution-spores-speakers-corner.
Todayonline.com. 2015. "Cost Of Living A Worry For Many". Todayonline.Com.
http://www.todayonline.com/singapore/cost-living-worry-many.
Todayonline.com. 2016. "Prepare For The Cost Of Raising A Child". Todayonline.
http://www.todayonline.com/business/prepare-cost-raising-child-0.
Yong, Charissa. 2017. "Singapore's Total Fertility Rate Dipped To 1.20 In 2016". Straits Times.
http://www.straitstimes.com/singapore/singapores-total-fertility-rate-dipped-to-120-in-2016.
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