Issues related to environmental sustainability

Assignment Help Business Management
Reference no: EM13950359

In this modern age, a higher level of awareness has been achieved of issues that were initially not considered as a business strategy or played second fiddle. This is particularly true of issues related to environmental sustainability. These issues are a concern since in this age the value of the firm might be tied to its environment; there is also the presence of legislation that regulates emissions and waste disposal. The need for a higher level of transparency today required of organizations by the various concerned agents also necessitate a proper look on environmental sustainability (Bishop, A. 2008).

The business plan is to provide a business model that will provide energy consultancy to corporations that are interested in pursuing the use of green energy and energy conservation with the aim of reducing emissions of green house gasses. The business aims to suggest ways to reduce organization's emissions and, as a result, its carbon prints through the utilization of renewable energy to power the needs of the organization and a way to implement these stratagems. The business will aim at providing an immediate solution to reducing greenhouse gas emissions and also improve green credentials for the client organization.

I hold a personal interest in the project as I believe in the conservation of the environment. My belief is that every individual should consider the impact of his or her activities on the environment that houses him or her and possibly future generations. As a manager, the project provides an opportunity to manage individuals with the aim of accomplishing set objectives. The business plan necessitates the amalgamation of professionals with different specialties and skills and, therefore, there is a need to assign the appropriate tasks to the appropriate personnel. The task requires managerial skills that I possess. The business model will have the following objectives as the center of its product, which is, energy consultancy.

Objectives

• To measure and define an initial baseline carbon footprint of an organization, (the reference footprint), from which the carbon reduction activities will be measured.
• To assess ways to reduce an organization's carbon footprint through avoiding emissions, reducing emissions and substituting conventional power systems with green power technology.
• To influence the practice of best efficiency, encourage innovation, and inspire behavior change, as a means to mitigate the unavoidable emissions.

Expected Outcomes or Alternatives

There is a need to curb the level of emissions in organizations through the practicing of a proper form of energy production and more efficient production techniques. The business plan brings forth the use of renewable power such as wind power, solar power, and hydroelectric power. This reduces reliance on fossil fuel for energy needs for corporations and as a result, there are outcomes that are to be expected and alternatives to be considered.

One of the expected outcomes of the proposal arises when a suggested project, such as the use of wind power is deemed viable when the resources needed to set up a wind power production site can be raised, together with the incentives offered by the government through low-interest loans. The outcome would be if the client corporation would consider carrying out the project using internal teams after the strategy has been provided or if the business will allow energy solutions to carry out the project.

Another alternative to be considered is the fact that the adopted energy solution would necessitate the adaptation the client organization's power systems to that of the adopted power source, such as a conversion of systems to uses wind power. The outcomes bring about a consideration of alternatives such as whether to specialize to just consultancy or also explore the market that is created. An alternative would be to create a department that can also tackle the adaptation of these systems. The result would be a business model that offers a complete package to a client. The business could also take the contract and then subcontract it to a company that can provide the technical services needed.

Key to Business Plan Success

Production of electricity, especially from power plants that are coal-fired, is one of the major contributors to greenhouse gas emissions. There is a need to develop systems that will provide renewable power such as wind turbines or hydroelectric power plants. Wind power is a system that is easily under the control of an organization and can, therefore, be pursued. One of the keys to the success of the business plan is the consideration and pursuit of wind power as an offered alternative to the client organization's source of power (Bishop, A. 2008).
The business plan is viable since the resources needed to set up a wind power production site can be raised, together with the incentives offered by the government through low-interest loans. The main challenge will be to adapt the organization's power systems to that of wind power, and that can be pursued with the appropriate technical services being provided for internally or subcontracted.

Carbon dioxide emissions and the carbon footprint of corporations are relatively large, and the implementation of clean alternative sources of power, such as wind power, in an organization will lead to a decrease in reliance on fossil fuels for electric power and will ultimately lower the amount of resources spent on power by a client organization. It will also increase the appeal to investors who are interested in environmental sustainability. The result will be an increase in potential investors. It is clear that the possible contracts carried out will be carried out in cooperation with the staff of the client corporations, the business plan will then have to plan for the possibility of the need to work with different personalities and the need for teamwork. It is possible that a team will be selected by the client's board of directors; the support of the administration of the organization will go a long way to ensuring the success of the project. The meaning of this is that there will be a need to have belief in the program from an organization for it to start (Bishop, A. 2008).

Due to a number of resources needed, there will be a need for proper accounting, there will be a need for regular meetings to determine how the specific projects being carried out by the company are faring. The projects will be sensitive in nature and will require skilled personnel and supervisors to prevent challenges from arising.

Financial reporting will be necessary to inform the board of the clients of how the finances received were used. This will also help in accounting for the organization.
Business Description

The business plan is to provide a business model that will provide energy consultancy to corporations that are interested in pursuing the use of green energy and energy conservation with the aim of reducing emissions of green house gasses. The business aims to suggest ways to reduce organization's emissions and, as a result, its carbon prints through the utilization of renewable energy to power the needs of the organization and a way to implement these stratagems. The business will aim at providing an immediate solution to reducing greenhouse gas emissions and also improve green credentials for the client organization.

I hold a personal interest in the project as I believe in the conservation of the environment. It is my belief that every individual should consider the impact of his or her activities on the environment that houses him or her and possibly future generations. As a manager, the project provides an opportunity to manage individuals with the aim of accomplishing set objectives. The business plan necessitates the amalgamation of professionals with different specialties and skills and, therefore, there is a need to assign the appropriate tasks to the appropriate personnel. The task requires managerial skills that I possess through my previous position as a manager. The necessary skills needed for the analysis of power requirements will be met by qualified personnel in their various fields of study (Ferris, G. R., Buckley, M. R., & Fedor, D. B. 2002).

A clear opportunity in the industry that the business will operate is that it is not saturated, with only a few businesses offering the same product. The main competitors and threat in the market are the internal departments that can be set up by the organizations themselves that can accomplish the same task and at a lower cost. Despite this, the business will clearly provide a more focused and detailed solution to the problem than an internal department can, and this is a clear strength.

Reference no: EM13950359

Questions Cloud

Brains typically handles process-type functions : What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
Describe the paper scope and outline the major sections : Describe three (3) major characteristics of your audience (official position, decision-making power, current view on topic, other important characteristic). Describe the paper's scope and outline the major sections. Identify and explain the questio..
Write sql statements to enter ten more records into table : To get me started I need SQL script example for each table and I will fill out the 9 other records.
What are the four levels of learning evaluation : What are the four levels of learning evaluation defined in Donald Kirkpatrick's original four-stage model?
Issues related to environmental sustainability : In this modern age, a higher level of awareness has been achieved of issues that were initially not considered as a business strategy or played second fiddle. This is particularly true of issues related to environmental sustainability.
Mass flow rate of the streams : Determine (a) the mass flow rate of the streams at inlet 2 and the exit, each in kg/s, (b) the rate of exergy destruction, in kW, and (c) the cost of the exergy destroyed, in $/year, for 8400 hours of operation annually. Evaluate exergy at 8.5 cen..
Prepare statement of retained earnings and balance sheet : Prepare the 20X1 consolidated income statement and its related income distribution schedules. Prepare the 20X1 statement of retained earnings. Prepare the 20X1 consolidated balance sheet.
Which has driven real growth rates to new heights : Graph each situation using the AD/AS model, including the AD, SRAS and LRAS curves. Label equilibrium. Assume that each situation began in a recessionary gap.
Assuming that debt costs and preferred stock costs : Adams Corporation can raise up to $1700 million for investment from a mixture of debt, preferred stock and retained equity. Above $1700 million, the firm must issue new common stock. Assuming that debt costs and preferred stock costs remain unchanged..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd