Waste Reduction

Assignment 1: 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.

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.

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.