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Strategies for Reducing Water Usage and Waste in Bath Half Marathon Case Study By Native Expert.
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The report is made to discuss the problem of waste and water utilisation in the company of the Bath Half Marathon. Several approaches which could be executed to decrease waste and water use are defined. The benefits and prices of economic development for the industry are related to alternative ways. The significance of government acts, regulations, and controllers in business development and reaction to the future is displayed (Al Breiki, 2019). Finally, the report highlights sustainable and dependable business practices, allowing for both economic and ecological factors.
The BHM is a big-scale sporting event which takes place annually in the city of Bath, England. This event attracts several runners and audiences, and it uses a major amount of water on that day. In the recent global situation, there is enhancing pressure on businesses to acquire sustainable and conscientious practices, so this will probably play a major role in the future.
The company behind the event is responsible for planning and implementing the marathon, which involves maintaining resources such as water. However, the company should consider alternative methods to decrease water usage and waste to manage sustainability and economic growth.
The Bath Half Marathon (BHM), like several other events, requires a major amount of water for the runners and the events amenities need a major amount of water (Raut et.al, 2019). However, with the rising awareness of sustainability and the effects of actions on the atmosphere, it is essential to reflect on ways to decrease water control and waste. Some methods should be implemented:
While considering the perks and prices of economic development of the company against the prices and benefits of substitute sustainable processes, it is vital to identify which sustainable processes can affect long-run profits for the environment and business (Herrera, 2020). By acquiring sustainable approaches, the BHM can:
Alternatively, the costs of ongoing unsustainable practices should involve:
As a result, the BHM must identify the significance of sustainable company operations and execute sustainable practices to decrease water management and waste (Sivarajah, et.al, 2020). For that reason, the business can profit from continuing economic and ecological benefits, such as supporting government policies and increasing its status.
Approaches to bring Down Water usage and Waste:
Benefits and Costs of Economic Growth:
Benefits:
Costs:
Alternative business models:
Eventually, the Bath Half Marathon company needs to stabilise the economic profits of the experience with ecological and social expenses (Zhao et al., 2020). Acquiring sustainable methods and exploring other business models to support the company in reducing its ecological impact through maintaining economic development.
The BHM Company’s water utilisation is a specific area of concern related to sustainability and responsible business ethics (Freudenreich, 2020). The event utilises a significant amount of water on the run day for several purposes, for instance, offering water to the contestant and volunteers, cleaning services, and staff. Some particular areas of worry related to water utilisation are discussed below:
By informing these areas of concern linked to water usage, the company can diminish its environmental impact, save natural resources, and express its commitment to sustainability and responsible industry practices. But water utilisation is now one feature of the bigger problem of sustainability (Curtis, 2020).
The BHM organisation can be doing many things wrong in the order of water management:
In comparison, other organisations can do better in the matter of water management by applying a complete water management method which involves water conservation technologies, effective devices, and the utilisation of reused water (Silvestre, 2019).
The limitations for business performance for water use by the bath half marathon organization involve:
To deal with these limitations, the company can acquire sustainable business programs to decrease water consumption, such as utilizing water-efficient utensils and fixtures, assembling and recycling rainwater, and applying water-saving events.
Applying energy-saving business practices can bring various benefits to the identified concerns of the Bath half marathon organization including:
To attain these benefits, the BHM Company can consider applying energy-efficient methods for example, fixing LED lighting, utilizing energy-efficient devices, executing a recycling plan, cheering employees to utilize public transport, and implementing freelancing approaches.
There are some alternatives the BHM organization could do concerning to decreasing plastic, pollution, corporate social responsibility (CSR), and waste:
To decrease its water usage and turn into more sustainable, the BHM organization must develop and apply a complete water management action.
The company should increase Key Performance Indicators (KPIs) which track water usage and conservation in time. These KPIs can involve:
References
Al Breiki, M. and Nobanee, H., 2019. The role of financial management in promoting sustainable business practices and development.Available at SSRN 3472404.
Bocken, N., Boons, F. and Baldassarre, B., 2019. Sustainable business model experimentation by understanding ecologies of business models.Journal of Cleaner Production,208, pp.1498-1512.
Curtis, S.K. and Mont, O., 2020. Sharing economy business models for sustainability.Journal of Cleaner Production,266, p.121519.
Deva, S., 2021. Business and human rights: alternative approaches to transnational regulation.Annual Review of Law and Social Science,17, pp.139-158.
Fernando, Y., Jabbour, C.J.C. and Wah, W.X., 2019. Pursuing green growth in technology firms through the connections between environmental innovation and sustainable business performance: does service capability matter?. Resources, Conservation and Recycling,141, pp.8-20.
Freudenreich, B., Lüdeke-Freund, F. and Schaltegger, S., 2020. A stakeholder theory perspective on business models: Value creation for sustainability.Journal of Business Ethics,166, pp.3-18.
Gasparin, M., Green, W., Lilley, S., Quinn, M., Saren, M. and Schinckus, C., 2021. Business as unusual: A business model for social innovation.Journal of Business Research,125, pp.698-709.
Hermundsdottir, F. and Aspelund, A., 2021. Sustainability innovations and firm competitiveness: A review.Journal of Cleaner Production,280, p.124715.
Herrera, J. and de las Heras-Rosas, C., 2020. Corporate social responsibility and human resource management: Towards sustainable business organizations.Sustainability,12(3), p.841.
Holmberg, J. and Sandbrook, R., 2019. Sustainable development: what is to be done?. InPolicies for a small planet(pp. 19-38). Routledge.
Niu, B., Li, J., Zhang, J., Cheng, H.K. and Tan, Y., 2019. Strategic analysis of dual sourcing and dual channel with an unreliable alternative supplier.Production and Operations Management,28(3), pp.570-587.
Raut, R.D., Mangla, S.K., Narwane, V.S., Gardas, B.B., Priyadarshinee, P. and Narkhede, B.E., 2019. Linking big data analytics and operational sustainability practices for sustainable business management.Journal of cleaner production,224, pp.10-24.
Silvestre, B.S. and ?îrc?, D.M., 2019. Innovations for sustainable development: Moving toward a sustainable future.Journal of cleaner production,208, pp.325-332.
Sivarajah, U., Irani, Z., Gupta, S. and Mahroof, K., 2020. Role of big data and social media analytics for business to business sustainability: A participatory web context.Industrial Marketing Management,86, pp.163-179.
Zhao, Y., Von Delft, S., Morgan-Thomas, A. and Buck, T., 2020. The evolution of platform business models: Exploring competitive battles in the world of platforms.Long Range Planning,53(4), p.101892.
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