Business and Biotechnological Initiatives †MyAssignmenthelp.com

Question: Discuss about the Business and Biotechnological Initiatives. Answer: Introduction Recycling is a procedure of transforming waste materials into the useful and new materials and things. Recycling can avert the waste of potentially useful materials and diminish the expenditure of raw materials. This study creates a business plan for starting a procedure of creating or restructuring a recycling company will be known as Go Green in the Australia. The business plan of Go Green Company describes the organizational structure of the company and key personnel factors. The study also describes the market structure which includes industry profile, competition, and market segmentation. The main purpose of creating a business plan is to show and encourage the recycling industry for the advantages of people and develop the best practices in the recycling industry by encouraging health and safety standards, legitimate compliance and operational principles. Go Green is a recycled company which will provide its services to the several multinational companies. The company will be the leading distributor of waste management and recycling raw materials for business consist from plastic, steel, and aluminum. Go Green recycling will be a leader in the E-waste management which commit to preventing and environmentally responsible for disposal of technological resources with the ultimate customer benefits. Go Green will also motivate peoples and producers to practice eco-friendly measures to manufacture goods through the number of public events in partnership with Australian waste management and other global bodies. The business plan for Go Green describes the management and structure of Go Green Company which are explained below: Organizational structure of Go Green The organizational structure of Go Green will include various components such as business structure, organization chart, key functions of business performance and the business growth. Structure of business: Go Green recycling company will make custom reusing programs for a wide range of Albuquerque organization. Go Green will enable the business to reuse the most volume of material from the garbage in a simple and financially efficient way and are focused on helping the business in order to accomplish the specific recycling objectives. The companys objective make keeping in mind that cost-effective and responsible of E-waste disposal, for the advantages of both the corporate and individuals (Belbin, 2012). The business plan for Go Green Company will provide recycling containers for a large variety of companies which is depend on the business nature and its capacity. The company will also make custom recycling stations with the logo and business stylistic layout. The number of employees needed in the new business plan for the company will be range from 50-100 employees, management team, and owner. The start-up costs of new business will be $1,000,000. The startup i nvestment analysis of company will as follows: Land and land development: $44000 Building and civil construction: $25000 Plant and machinery: $21000 Furniture and fixtures: $10000 Pre-operating cost: $10000 Long-term loans: $63000 Owners equity: $41000 Organization chart: According to Cordano et al. (2010), the organizational chart of Go Green recycling company is as follows: Board of Directors: Managing Director, Chief executive officer, Municipal officials (Role: Corporate decision making, appointments, auditing) Managing Director (Role: Daily management activities, financial management, contractual agreements) Site Manager (Role: Production oversight, sales, supervision) Clerks, workers, laborers (Role: daily operations of business) Main functions required by business: According to Corder et al. (2015), the key business functions required in a new business plan of Go Green Company are marketing, sales, administration, and production. The following roles and responsibilities of the given departments are explained as follows (Berry, 2011): Marketing: The marketing and advertising division for a new business plan for the company will account for creating products packaging, pricing, and innovative materials by using recycled materials such as plastics, steel, and aluminum for illuminating capable consumers of the company's offerings. The department will also lead research in order to find the requirements of its customers (Burns, 2010). The marketing head will responsible for all the activities performed in the marketing department. Sales: Sales department are required in organizations that sell retail or discount things to distinctive to various associations or customers. Sales division of Go Green Company will encourage their business energy to set up client association, cater specific income targets and pitch new reused things. The business method may use a push or a pull method for inviting customers. The sales head will responsible for all the activities performed in the sales department. Administration: The chief executive officer, also called the owner of organization and some other managers will engage in making decisions for the new business plan for Go Green company are a part of the organization division. The company needs supervisors who will manage workers and execute organization mandated by the owner. Senior level of company will recruit new applicants for the business. Production: The production department will orders stock for production when required satisfies production orders determined by management and directions with the marketing departments to make improvements to items. The production manager will responsible for all the activities performed in the production department. Business Growth: According to Garlapati et al. (2016), business requires ease which expects leaders to grasp changes and take risks. There are several reasons where employees have learned to resist change such as loss of job, poor communication and involvement of employees, lack of trust and much more. Go Green company will handle and manage these changes with ease and have the better hand over their competitions which are as follows: Control opposition: Go Green business will involve those employees who are against a change. The purpose of this involvement by business is to effectively observe what their concerns are and conceivably reduce the issues in a timely manner. By allowing their employees time to give their information, the company assures them that they are a part of a team that really thinks about its employees (Giurco et al. 2010). Involvement of employees: According to DeWhitt (2010), the engagement of employees is important for any business activities. The company will create and allocate new duties and responsibilities to employees in order to improve their performance, create leadership among the employees, consider employees point of view regarding working methods and environment. Innovation and Technology: According to Hall et al. (2010), innovation and technology are two things that are happening on a day-to-day basis. Go Green will come up with the new plans and recommendations there are dependable approaches to enhance as an organization, whether it be changing the attitude towards a task or changing the way the workplace dynamic is on daily basis. Key Personnel According to Doppelt (2015), the background of skills and experiences required for hiring an effective management team is as follows: Managing Director: According to Newton Newman (2013), a managing director is a senior-level official that generally concentrates on business advancement, representative employing and client maintenance. These professionals are employed in a wide assortment of industries. The skills and experience require for fulfilling the position of managing director, candidate should have bachelors or master's degree in addition to the significant work experience in the manufacturing industry Site Manager: According to Fernndez-Guerrero et al. (2015), the main skills which site manager should consist are the capability to handle a team and maintain a favorable working relationship with all the co-workers who work under site manager. A site manager will be able to solve the issues in an effective manner and creative way when it is essential. A site manager must have several years of experience on building sites in order to liaise with the contractors. Lower Level: According to Gunasekaran Spalanzani (2012), the lower level of management includes clerks, employees, and labors. The lower level of management must consist the skills, in which they should have knowledge and understanding of the mechanics of the particular job, understanding of people and being able to viably work with people and must have the capability to think about the problems and good communication skills. Identification of skills gap and the measures to overcome these gaps According to Okereke et al. (2012), a skill gap refers as a significant gap between a company's expertise needs and the present abilities of its workforce. There may be some skills gap in the management team which can create issues in the new business ideas for the organization is as follows: Lack of performance: The first skill gap can be identifying among the employees who are performing their duties in a desired manner. To overcome this gap, Go Green Company will offer good benchmark so that business can overlook their employee's performance before they get started work. Training: The second skill gap is the not providing adequate training to the employees which create issues in the organization. The company will provide continuous training and development in order to support the business initiatives. The company will invest in seminars, conferences and much more in order to help the workers to perform their best. Working environment: According to Rahman Subramanian (2012), the favorable working environment helps the employees to achieve the business objective efficiently. Go Green business will provide a good working environment to build the active and strong workforce in the organization. Market Structure of Go Green Recycling Company According to Rametse (2015), the market structure of Go Green Company includes the various elements such as industry profile of the company, competition, and market segmentation. Go Green is a recycling industry and has been a glad pioneer in the E-waste administration, execute to the secure and ecologically dependable disposal of the innovative resources with the extreme customer advantages. The companys main goal is to ensure financial aspects and accountable E-waste disposal, for the advantages of the corporate and people alike. All E-waste are assessed, undesirable and unsalvageable parts of the legitimately arranged, while reusable parts and frameworks are tested, revamped and remarked. The main characteristics of the market which will give benefits to the customers are as follows: Effective use of resources: Go Green recycling company will uses their resources in an efficient manner. Go Green furnishes bigger containers for a curbside collection that services all sectors whether municipal or residential to cover wider recycling waste to satisfy the need for raw materials for plastic industry, steel, and aluminum industry. Customer-oriented: All the business activities of the company are coordinated to make and fulfill the customers. Company focus on the necessities and needs of customers keeps the business destined for success. According to Simic Dimitrijevic (2012), the Company will initiate a PET cleaning and refining plant situated in the Australia. Its initial capacity will be 46 million pounds, and it will use post-purchaser bottle encourage stock by and by collected in Australia, which gathers more than 200 million pounds for every year. The Company will be vertically coordinated and utilize the majority of its reused material in its packaging division. Any surplus materials manufactured will be sold to outside organizations. The expelled sheet may then be sold to producers, who will thermoform it into high-permeability bundling or utilize it in other high value included assembling operations. The strapping will be sold to organizations who deliver vast bundles or pallets, such as the lumber milling industry. The Company recently has responsibilities accessible from clients to buy the majority of the item created. Substantiation resources for Company The company will use SUEZ resource for its maintaining its business activities in an efficient manner. SUEZ offers an arrangement that maintains, improve and secure the assets necessary for the future. SUEZ includes 80000 workers and activities crosswise over five continents, company supply 92 million individuals with drinking water and 65 million with sanitation services. SUEZ has more than 100 locales and facilities crosswise over Australia. With operations overall levels of the economic resource recovery value chain, SUEZ offers best practice natural results, resource recovery and safe disposal of non-recoverable residual materials. The competition for Go Green Company will describe its main competitors, Strength, and weakness of competitors and barriers to entry in the market. Horsehead Holdings Corporation: The recent developing worldwide lack in zinc because of mine exhaustion has been distinguished as the standard driver behind the 27% ascent in the zinc cost in the course of recent months. Horsehead is the world's biggest maker of zinc from reused sources. The organization gathers electric curve heater (EAF) tidy which contains zinc. EAF clean is recorded as unsafe waste and is created by North American steel smaller than expected factories. By collecting and preparing EAF dust, Horsehead is among the world's most reduced cost makers of zinc and has been in the zinc creation business since the mid-1800s. Zinc produced by Horsehead is utilized as a part of the assembling of metal and hot plunge galvanizing, which is the way toward adding rust insurance to steel. Covanta Holding Corporation: According to Schaper ET AL. (2014), Covanta is one of the world's biggest owners of Energy-from-Waste (EfW) facilities. The organization meets strong waste transfer needs by utilizing waste to create sustainable power source. Covanta's net ozone-depleting substance outflows are a negative 20 million tons every year as they really lessen the measure of discharges that would somehow or another have gotten away into the atmosphere. Covanta is in a very strong financial position having quite recently raised its quarterly profit by 39% to give a yearly yield of 4.8%. It likewise affirmed its 2014 working benefit direction of between US$470-500 million. Barriers to entry: According to Stahl et al. (2012), the main barriers to the entrance of the company in the market are large capital requirements, technology, and innovation, start-up cost and economies of scale. Go Green company will overcome these barriers by offering lower prices, develop a strategy based on your cost or product strengths, incorporate new item improvement designs in your long-term system and by developing a customer loyalty strategy. Market segmentation According to Gunasekaran Spalanzani (2012), the customers can be segmented in the market on the basis of following components: Behavioral: Behavioral factors, for example, benefits looked for from the item, and purchasing patterns such as recurrence and volume of procurement might be viewed by the customer as the principal premise. Psychographic: According to Tam et al. (2010), psychographic factors are utilized when purchasing behavior conduct with the identity or way of life of buyers. Customers with various identities or ways of life have product preferences inclinations and may react diversely to marketing mix offerings (Tanskanen, 2013). Conclusion From this report, it has been concluded that a creative business plan will be created for Go Green Recycling Company. The report explains the essential elements of the business plan which includes management structure of the organization. The report describes the organizational structure of the recycling company which includes an organizational chart, key business functions required by company and the initiate strategies for employees regarding the change in the organization. The report mentions the skills and experience required for each member of the management team. The report also describes the market structure of the company which consists industry profile, competitors of industry and the market segmentation. References Belbin, R.M., 2012.Team roles at work. Routledge. Berry, G.R., 2011. Enhancing the effectiveness of virtual teams: Understanding why traditional team skills are insufficient. The Journal of Business Communication (1973),48(2), pp.186-206. Burns, P., 2010.Entrepreneurship and Small Business: Start-up. Growth and Maturity. Palgrave Macmillan. Cordano, M., Marshall, R.S. Silverman, M., 2010. How do small and medium enterprises go green? A study of environmental management programs in the US wine industry.Journal of Business Ethics,92(3), pp.463-478. Corder, G.D., Golev, A. Giurco, D., 2015. Wealth from metal waste: Translating global knowledge on industrial ecology to metals recycling in Australia.Minerals Engineering,76, pp.2-9. DeWhitt, K.C., Plas2Fuel Corporation, 2010.System for recycling plastics. Routledge. Doppelt, B., 2017.Leading change toward sustainability: A change-management guide for business, government, and civil society. Routledge. Fernndez-Guerrero, R., Revuelto-Taboada, L. Simn-Moya, V., 2012. The business plan as a project: an evaluation of its predictive capability for business success.The Service Industries Journal,32(15), pp.2399-2420. Garlapati, V.K., 2016. E-waste in India and developed countries: Management, recycling, business and biotechnological initiatives.Renewable and Sustainable Energy Reviews,54, pp.874-881. Giurco, D., Prior, T.D., Mudd, G.M., Mason, L.M. Behrisch, J.C., 2010.Peak minerals in Australia: A review of changing impacts and benefits. Institute for Sustainable Futures, UTS Department of Civil Engineering, Monash University. Gunasekaran, A. and Spalanzani, A., 2012. Sustainability of manufacturing and services: Investigations for research and applications.International Journal of Production Economics,140(1), pp.35-47. Hall, C.R., Campbell, B.L., Behe, B.K., Yue, C., Lopez, R.G. and Dennis, J.H., 2010. The appeal of biodegradable packaging to floral consumers.HortScience,45(4), pp.583-591. Newton, P. Newman, P., 2013. Low Carbon Green Growth: Tracking Progress in Australias Built Environment Industry towards a Green Economy.Swinburne University of Technology: Melbourne, Australia. Okereke, C., Wittneben, B. Bowen, F., 2012. Climate change: Challenging business, transforming politics.Business Society,51(1), pp.7-30. Rahman, S. Subramanian, N., 2012. Factors for implementing end-of-life computer recycling operations in reverse supply chains.International Journal of Production Economics,140(1), pp.239-248. Rametse, N.T.H.A.T.I., 2015. Measuring the costs of implementing the former carbon tax for Australian liable entities.New Zealand Journal of Taxation Law and Policy,21(2), pp.190-213. Schaper, M.T., Volery, T., Weber, P.C. Gibson, B., 2014.Entrepreneurship and small business. Simic, V. Dimitrijevic, B., 2012. Production planning for vehicle recycling factories in the EU legislative and global business environments.Resources, Conservation and Recycling,60, pp.78-88. Stahl, G., Bjrkman, I., Farndale, E., Morris, S.S., Paauwe, J., Stiles, P., Trevor, J. Wright, P., 2012. Six principles of effective global talent management.Sloan Management Review,53(2), pp.25-42. Tam, V.W., Tam, L. and Le, K.N., 2010. Cross-cultural comparison of concrete recycling decision-making and implementation in construction industry.Waste Management,30(2), pp.291-297. Tanskanen, P., 2013. Management and recycling of electronic waste.Acta materialia,61(3), pp.1001-1011.