Envirofit Company Essay

1. It is appropriate to consider Envirofit to be a well-disposed enterprise because their main focus is innovation, risk taking, and large-scale transformation to solve companionable problems. Envirofit is doing so by bringing sustainable clean energy solution to solve health and energy challenges on a global level at the lowest possible cost. They atomic number 18 combining resources while exploring and exploiting opportunities to create social measure out by stimulating social change or meeting social demand. They are meeting the needs of the present without compromising the ability of future generations to meet that need. In this case the need is clean cinch. Envirofits approach to share value is to fabricate a difference by focusing on energy and pollution reduction, and health and economic improvement. They wanted to create and economical value and also create value for society by addressing its needs and challenges. Envirofit hoped to reduce pollution by developing comm ercializing a retrofit kit that dramatically trim emissions in dirty two-stroke carbureted motorcycle engines. Their approach was to transform their business thinking, recognizing societal weaknesses and create a way 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 offer its investors a good reputation and a triple arse plication by giving them the chance to go beyond the traditional measures of profit but also include environmental and social dimensions. They would be more rivet on profits, people, and the planet instead of just profits.2. The Envirofits two stroke motorcycle engine conversion kit described as being targeted at the base of the pyramid because the taxi drivers are considered micro-entrepreneurs using the small amount of money they earn to support their families. They typically earn $3-$5 per day later on all their expenses. These drivers ar e 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 gutter 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 consideration 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 significant money to the drivers because they make less than five dollars a day, little money saved, and little rile to commercial credit. They would also need to learn the market, manufa cturing, finance, regulatory, and cultural 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 draw on the motorcycle and easy and inexpensive to install.4. If I was offered the opportunity to join the venture as one of its lynchpin members, I would evaluate the long 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 emphatically 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 sacrifice 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 in-chief(postnominal) 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 well as helping the environment.