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Eco 550 Week 1 Study Guide

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Stage 1: Viewing Compliance as an opportunity Core Challenge:  To ensure that compliance with norms ratifies in an innovative. Competencies Required:  The ability to anticipate and articulate regulations.  The skill to work with other companies, including rivals, to implement novel solutions. Innovation Opportunity:  To utilize compliance to drive the company and its partners to experiment with sustainable technologies, materials, and processes. Stage 2: Making value chain sustainable Core Challenge:  To increase efficiencies throughout the value chain Competencies Required: Supply Chain: By being compliant to government regulations, companies can drive their …show more content…

Stage 3: Designing Sustainable Products and Services Core Challenge:  To develop sustainable offerings or redesign existing ones to become eco- friendly. Competencies Required:  The skills to realize which products or services are most unfriendly to the environment.  The ability to generate real public support for sustainable offerings and not be considered “Greenwashing!”  The management knows how to scale both manufacture of products and supplies of green materials. Innovation Opportunities:  Applying techniques such as biomimicry in product development.  To develop compact and eco-friendly packaging. Stage 4: Developing New Business Models Core Challenge:  To find novel ways of delivering and capturing value, which changes the basis of competition. Competencies Required:  The capacity to understand what consumers want and to figure out different ways to meet those demands.  The ability to understand how partners can enhance the value of offerings. Innovation Opportunities:  To developing new delivery technologies that alter value-chain relationships in significant ways.  To create monetization models that relate to services rather than

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