Business Context
Would students please note that achievement of the learning outcomes for this assessment is demonstrated against the assessment criteria shown below (which are not necessarily weighted equally). All marks/grades remain indicative until they have been considered and confirmed by the Assessment Board
1 Explanation and illustration of supply and demand theory, supported by academic references and an application of the theory to the issue of land-fill availability/volumes of waste. Additional content relating to price elasticity related to waste/land-fill prices should be analysed
2 This section should be supported by an academic definition of stakeholder theory. Examples of stakeholders groups in relation to waste management should be identified and supported with an analysis of their likely perceptions and power base
3 Diagrammatic representation of Carroll's model with supporting details to illustrate each of the four sections, based on waste management
4 Use of references complying with Harvard guidelines
5 Overall presentation of assignment - business standard, using business English throughout
6 Personal reflection - ideas that businesses could adopt to reduce the amount of waste that is generated
To enhance your future employment prospects you have taken a temporary work-placement with the waste management department of a local authority. Your role is to address the concerning trend of ‘green fatigue' which has seen a decline in the percentage of household waste being recycled over the last 12-months. During 2014 the Authority has selected foodcyle.org.uk as a charity to support and staff have been proactive in setting up schemes with local food retailers to support the objectives of foodcycle. The authority has asked you to undertake a project which requires you to research the following issues.
1. The disposal cost per tonne of taking waste to land-fill continues to rise. The commercial manager has stated that this may be due to the limited supply of suitable sites that can be used for land-fill, whilst the demand for land-fill is showing limited signs of being in decline. An expanding population, changing habits which generate waste and green fatigue all being contributory factors to waste being generated that is not recycled. Explain the economic terms supply and demand and provide an illustration of the theory, related to land-fill, followed by a comment on price elasticity.
2. Local media provide regular references to the management of waste within the area and there is a steady stream of correspondence to the department on the same subject. Due to the wide range of people interested in waste management you have been asked to provide an introduction to stakeholder theory and produce a diagram to demonstrate the diverse range of stakeholders with an interest in effective waste management and comment on the ability of the groups to exert power and influence the local waste management policies.
3. An open meeting to discuss waste management issues is planned for September 2014. It has been decided to explain Carroll's model of Corporate Social Responsibility to the audience to demonstrate how the authority is responding to the various business requirements identified in the model. (25 marks)
4. Write a reflective statement on ways in which individual businesses could adopt a more effective strategy to limit the amount of waste that is produced globally.
Presentation and construction of the report that of business standard; includes an introduction and a summary/conclusion. Comprehensive business English throughout