Access over 20 million homework & study documents

Circular Economy 3

Content type
User Generated
Subject
Environmental Engineering
Type
Homework
Rating
Showing Page:
1/3
Assignment
Assignment Description
Background
This course assignment is all about giving you a chance to deepen and apply your skills on how
circularity is implemented and upscaled. The aim is to train you in becoming a more proactive person
in the transition to a circular economy. The assignment in this course is divided into three shorter
parts spread over Weeks 2-4.
General requirements;
In this assignment you will be focusing on both the business context and innovation with two tasks:
1) The first task is to consider how entrepreneurial business ideas are affected by external factors,
broadening your analysis to the context that the case company is operating in. Are there any changes
in the legal framework that could make it easier for Caterpillar to operate in a circular manner? You
should identify two examples of public policies that, if implemented, can promote circularity in your
case company.
2) As the transition towards a circular economy ultimately depends on developing new ideas, your
second task is to come up with your own ideas. Your second task is to provide two examples of what
Caterpillar could change in its business model to become even more circular.
For this, we encourage you to use the analysis of Caterpillar’s business model. For instance, think
whether there is an additional circular strategy that the company could implement. It will be useful
for you to have a look at the non-filled parts (the first and last columns (A and E)) in the analysis of
your business model and how these could be capitalized on. Or think about whether some of the
business model elements that you already analyzed may be altered to facilitate circularity. For
instance, could there be a more compelling value proposition or a new key partnership that makes
reaching out to consumers or accessing used products much easier?
You have a maximum of 300 words for each question in the assignment.

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/3
Assignment Details
Make sure you have read attached Case company description and its Circular business model
planning tool as your submission will be reviewed and graded based on these criteria:
Have you identified two public policies that could help the case company operate in a
circular manner and briefly explained how each of them can help?
Have you given two examples of how to innovate the case company’s business model to
increase circularity and briefly explained them?
First Task (max. 300 words)
A circular economy business model is intended to help businesses conserve the environment. Through it, companies
conserve natural resources and reduce greenhouse gas emissions. Caterpillar produces machines used in three business
segments: the construction, resource, and energy and transportation industries. Already, the company has an elaborate
framework to support its circular economy business model. However, it is understandable that the model could not be
optimal. In this light, the government can formulate various legislations to support the company’s circular business
model. For instance, legislation requiring minimum or no waste will force Caterpillar’s management to manage its
circular economy business model. The company is likely to enforce its retake policy due to the fear of the possible
repercussions of not complying with a minimum waste law. It might mainly force the company to aggressively pursue its
customers to collect the core parts used in the remanufacturing of machines for resale. The law also covers the
company’s initial production for first sale such that if it was wasting some components, it might be forced to rethink how
best to reuse them. This undoubtedly supports its circular business model. The government can also consider
introducing legislation that promotes the use of green energy in the manufacturing sector. Such legislation can give
incentives to manufacturers who use green energy. If such a law is introduced, Caterpillar’s management will consider
green energy to enjoy the incentives. This will promote its circular business model since it reduces the emission of
greenhouse gases. Alternatively, the government can reduce the VAT on components used in the production of
Caterpillars machines that support the circular economy. In Caterpillar’s business model, these components are likely to
be in the remanufacturing phase. Such a policy will encourage the company to remanufacture machines instead of
creating entirely new ones. This is the whole essence of a circular business model.

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/3

Sign up to view the full document!

lock_open Sign Up
Unformatted Attachment Preview
Assignment Assignment Description Background This course assignment is all about giving you a chance to deepen and apply your skills on how circularity is implemented and upscaled. The aim is to train you in becoming a more proactive person in the transition to a circular economy. The assignment in this course is divided into three shorter parts spread over Weeks 2-4. General requirements; In this assignment you will be focusing on both the business context and innovation with two tasks: 1) The first task is to consider how entrepreneurial business ideas are affected by external factors, broadening your analysis to the context that the case company is operating in. Are there any changes in the legal framework that could make it easier for Caterpillar to operate in a circular manner? You should identify two examples of public policies that, if implemented, can promote circularity in you ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4