In this module, you will learn about the challenges in applying the value-chain model in a business. You will also learn how you can address these challenges and add value through economic and sustainable business practices.
Whether defining sustainability in the relatively narrow scope of the natural environment or taking a broader view and including social responsibilities such as poverty eradication, the challenge to maintain a sustainable business is growing ever more complex. For example, a company using a manufacturing method that is environmentally unsafe will have to change its methods if it is to remain competitive and even viable in today’s marketplace. Any change that company makes to become more sustainable also affects that company’s value chain. An example of this is gasoline. Gasoline powered cars pollute the environment, and at the same time deplete oil reserves. One way that the value chain was changed to respond to this issue was with the addition of ethanol as 10% of the fuel mixture. The environmental benefit of this ethanol mix is that it burns cleaner and less crude oil ends up in each tank of gas. Auto manufacturers had to change their manufacturing and tuning of engines to efficiently burn the reformulated fuel.
Another example of the relationship between sustainability and value chain is bottled water. There has been considerable debate regarding whether or not plastic bottles commonly used for bottled water are environmentally friendly. General consensus is they are not. To remain sustainable, bottled water manufacturers made changes in the way they produce plastic bottles. Some made a switch to more environmentally friendly plastics while others changed the weight of their bottles, resulting in production that used less plastic and rendered thinner bottles. Regardless of how each manufacturer approached its sustainable solution the value chain for each also changed.
Complete the following readings early in the module:
From the Argosy University online library resources, read:
Lawler, E. E., III, & Toole, E. (Eds.). America at work: Choices and challenges. Gordonsville, VA: Palgrave Macmillan. Retrieved from http://site.ebrary.com.libproxy.edmc.edu/lib/argosy/docDetail.action?docID=10150440
McGrath, R. G., & MacMillan, I. C. (2009). How to rethink your business during uncertainty. MIT Sloan Management Review, 50(3), 25–30. (ProQuest Document ID: 224971863) http://search.proquest.com.libproxy.edmc.edu/docview/224971863?accountid=34899
From the Internet, read:
Internet Center for Management and Business Administration, Inc. (2002). The value chain. Retrieved from http://www.netmba.com/strategy/value-chain/
Assignment: Discussion—Waste Reduction
Industries adopt waste minimization techniques that lead to significant resource savings and cost reductions.
This assignment emphasizes the basic concept of sustainability within business.
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:
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.
By Friday November 9, 2018, post your responses in a minimum of 500 words to this Discussion Area. Support your assumptions with reputable source material. While responding, read and respond considering that sustainability may mean different things to different organizations. How would the companies selected achieve their objectives concerning sustainability?
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion questions in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation. turned-in on time, Grading criteria followed All assignment qualifications addressed correctly, Grading Criteria followed, Include Question followed by the answer Reference Page Included Cover page Included, Paragraphs Indented, Running-head included, main heading should be centered; all new paragraphs should be indented; paper should be right ragged, not right justified; references, should always go on a standalone page. abstracts are not usually indented; acronyms should be spelled out when using them for the first time, for example HR. references as listed are APA standard. When you submit your papers through turnitin.com, your overall similarity index score should not be exceedingly high, with ten to fifteen percent being the maximum, Please make sure your APA formatting of citations. I have provided the APA resource cite for you. https://owl.english.purdue.edu/owl/resource/560/01, Please work on using literature within the span of the last 5 years, keep in mind there should not be any one, two, or three sentence paragraphs Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.
Do the following when responding:
Read your answers.
Provide substantive comments by
contributing new, relevant information from course readings, Web sites, or other sources;
building on the remarks or questions; or
sharing practical examples of key concepts from your professional or personal experiences
Respond to feedback on your posting and provide feedback on their ideas.
Make sure your writing
is clear, concise, and organized;
demonstrates ethical scholarship in accurate representation and attribution of sources; and
displays accurate spelling, grammar, and punctuation.
Grading Criteria: Assignment: Discussion—Waste Reduction
Quality of initial posting, including fulfillment of assignment instructions
Reference to supporting readings and other materials
Language and grammar