Industries adopt waste minimization techniques that lead to significant resource savings and cost reductions.
This assignment emphasizes the basic concept of sustainability within business.
Tasks:
Research the topic of waste reduction and identify a company that has proactively reduced the waste associated with its products. You can take examples from your own work experiences or from other real-life market situations. You can also consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report, and the Argosy University online library resources.
Respond to the following:
Analyze the sustainable approach to waste reduction developed by the company you selected. Include the following:
Its products
Previous methods of production
The way it implemented sustainable methods
Diversification, if any, into new products
Your rationale for how this company still made profits
Evaluate other businesses that might benefit from the waste reduction measures of this company.
Post response in 300-500 words