I have attached a file for more details
METHODOLOGY: 3 Diagnostic tools (PESTLE, POTER’S 5, AND SWOT ANALYSIS) (Bullets points + shortly explanation of each part.)
KEY FINDINGS: resulting from diagnostic tools chosen • (bullet points + explanation shortly
Final Team Assignments BUSI640
List of Student Consultant Project Assignments:
There are three projects available:
A. Waste Management Services (WMS) – management of solid waste in the First Nation community. The consulting team will provide a plan for the collection and disposal of the waste generated in a First Nation community in Canada located in a rural area but close to several non-Indigenous communities. This is a service that can then be exported to these neighboring non-Indigenous communities. Your team of student-consultants will put together a plan for the start-up and development of a WMS. Your clients (ultimately the First Nation community, but via enTrust Engagement Inc.) do not have background with this type of business/service so they are relying on your team to develop the plan from the ground up for them.
B. Research your business sector/project and begin planning and choosing your design/options, gathering information, and including critical issues and what needs to be addressed en route to your recommendations/final paper for the business creation and development. You may wish to utilize Business Model Canvas and/or Business Model Circle as part of your initial planning/design framework.
Important Background Information about enTrust Engagement
D. – Entrust is developing a suite of services that can are utilized in the community but can also be “exported” to surrounding communities and bring money back to the community. The communities that will benefit from the “export” of services will be within hours drive of a non-Indigenous community that has a population at least 20,000 people.
E. – Entrust will be providing the equity to start these businesses in partnership with the Nation and will access the remaining required capital from a major Financial Institution in the form of a loan. Entrust will be providing 40% of the required capital and 60% will be in the form of term loans. The goal is for Entrust to exit the investment within five years of the start of the business. One of your tasks will be to determine the start-up capital required.
F. Entrust will initially provide management services, if required, and will train individuals from the Nation to assume day-to-day management duties during the first two years of operations.
Textbook / Readings / Viewings:
Kubr Pages 781 – 785
Kubr Scan/preview Chapters 12 – 26 & 36 in readiness for W.I.S.E. in-class workshop
Wickham Chapters 3, 9, 11 & 14
METHODOLOGY: 3 Diagnostic tools, (PESTLE, POTER’S 5, AND SWOT ANALYSIS)
KEY FINDINGS: resulting from diagnostic tools chosen •
Political issues surrounding our business are engrossed by initiatives on fiscal policies, regular business taxation as laws stipulate, and anti-competition matters. We have a unique operation style that follows all stipulations in the First Nation Community’s jurisdiction. Economic factors we engross in business operation include offering employment opportunities for skilled individuals, and interests that shape our profitability. Largely, we will hold use of discounts as ordinary businesses engross. Waste is both a result of economic and social result, hence our social focus majors on demographics, consumer beliefs, good working conditions for workers and following consumer lifestyle trends (Gheibi et al., 2021). Major technological emphases in our business are technological advancements, cyber security and automation. As waste management encompasses environmental protection, frameworks considered are climatic impact of our business, protection of natural resources and keenness to the carbon footprint. Regulations set the tone for business operation in industries thus we will apply permits, licenses and operational laws.
PORTER’S 5 Forces
Industrial competition is undercut as we offer unique services, and also encompass lower prices while offering the best deals. As the industry would be saturated in the least time, we have limited entry in the market through offering special deals, and investing in more than quality of services, since we have engaged technological infrastructure, and high level of environmental consciousness. Supplier power is encapsulated by input costs as they directly affect profitability through uniquity and what it would take for us to switch amid suppliers (Irfan et al., 2019). Low prices for the best deals are the source of our customer power, hence an immense powerful consumer base. Substitute services threat have been reduced as we conduct market research on competitors, and have adjusted services to meet needs of the First Nation Community.
Strengths of our firm Solid Waste Management, are that we lead in the First Nation Community through providing comprehensive waste management, working in a large expanse, and serving more than just one population. Weaknesses depicted by our business, are transfer locations being majorly leased, and territorial disputes that may arise from operation in other expanses (Teoli et al., 2019). Opportunities that are currently present for our business are expanded market share from advancement of disposal services, expansion from mere solid waste management to immense recycling, and slow growth rate of the waste management industry. Threats that may compromise the business operation are variations in regulations making it difficult to venture new markets, and competitiveness of waste management as a new venture.
We strategize moving towards uniquity in services for two purposes. First, we intend to have best deals at affordable prices to engage an immense market share, that will ultimately engross profitability. We also emphasize uniquity in service provision for optimization of our style and characterizing our brand, as one of high consciousness to both internal and external business shapers. On the facet of financing, we engage enTrust management services, but largely shape with consumer needs and preferences. Discounts for instance, will be used to evoke consumer loyalty while high quality services will demand high financing. Employees we intend to offer human resources must be passionate and skillful, as we intend to grow in the business, an opportunity present in our analysis. As most business is taking the approach of online settings, specific services will include communication, feedback, an interactive website, as well as automated responses for quick inquiries. Operations will be licensed specifically to demographics to evade legal issues, largely explicated by the First Nation Community. Uniquity in work distinguishes us from competitors as we hold a prominent position not only in solid waste management, but environmental consciousness altogether. Marketing will engage website updates, paid advertising around the First Nation Community, press releases, and largely campaigns for recognition.