Envirofit Company Essay

1. It is appropriate to consider Envirofit to be a sociable enterprise because their main focus is innovation, risk taking, and bountiful-scale transformation to settle social problems. Envirofit is doing so by bringing sustainable clean goose egg solution to solve health and energy challenges on a ball-shaped level at the lowest possible cost. They are combining resources slice exploring and exploiting opportunities to take a shit social value by stimulating social diversity or meeting social holds. They are meeting the take of the bear witness without compromising the ability of future generations to meet that need. In this case the need is clean wrinkle. Envirofits approach to shared value is to make a difference by focusing on energy and pollution reduction, and health and economic improvement. They wanted to prepare and economical value and also create value for society by addressing its needs and challenges. Envirofit hoped to reduce pollution by developing commer cializing a retrofit rig that dramatically reduced emissions in dirty two-stroke carbureted motorcycle engines. Their approach was to transform their business thinking, recognizing societal weaknesses and create a modal value of solving both. The social problem Envirofit is attempting to solve is air pollution while increasing the income of the drivers through increased fuel mileage. Envirofit cristal its investors a good reputation and a triple render berth by giving them the chance to go beyond the traditional measures of profit but also include environmental and social dimensions. They would be more focused on profits, people, and the planet instead of just profits.2. The Envirofits two stroke motorcycle engine conversion kit set forth as being targeted at the base of the profit because the taxi drivers are considered micro-entrepreneurs using the small amount of specie they earn to support their families. They typically earn $3-$5 per day after all their expenses. These d rivers are in the largest and poorest socioeconomic group. The impact this has on Envirofits business model is that it would be challenging to find ways so that the drivers can purchase the kit at a reasonable price. It would be challenging to come up with a business model that would meet their triple bottom line objectives, allow for scalability, and provide the ability to raise start-up capital. The factors that they need to take into love include the market, the customer, and the competition.3. One of the biggest obstacles to be overcome would bedeveloping a business model that would enable them to sell to customers in base of the pyramid markets and meet their triple bottom line objectives. Finding a way that motorcycle drivers could afford the projected price of the kit ($220), which is a remarkable money to the drivers because they make less than five dollars a day, little money saved, and little access to commercial credit. They would also need to learn the market, manufact uring, finance, regulatory, and heathenish issues that the venture would face. Another obstacle is to provide a kit that would be commercially available, durable, and reliable. It also needs to have less power quite a little on the motorcycle and easy and inexpensive to install.4. If I was offered the opportunity to conglutination the venture as one of its key members, I would evaluate the great term impact of the venture. If its something that has the potential to make significant changes in the environment especially in third-world countries, I would definitely accept the offer. From what I read, it all sounds like a great plan but it needs lots of work and effort and I would definitely make the consecrate because I think it would pay off in the long run.5. I would look for start-up capital among the members of the ventures before looking anywhere else. It is very big for the members to invest first that way they can show potential investors that they are serious about their venture. I would also turn to nonprofit organizations and large corporations that are interested in making profits as rise as helping the environment.