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JIm Poss Case Study
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Conclusion
- CSR (Corporate Social Responsibility)
- The booming of Green Energy
- Economy: more Cost-effective in the long run (EXHIBIT 3.3 Bigbelly Economics)
- Intellectual property protections: the SPC patents
Fulfillment and Feedback
- September- paycheck; December-delivery
=>Very short lead time
=>Solution: built by themselves
- After delivery: consulted for customer feedback
- Revision: a compactor more closed to customers’ needs.
Ski resort in Vail, Colorado
Eco-Terrorist
Opportunity
- Vail ski resort, Colorado vs. eco-terrorists -
One lodge has been burnt down
4 environmental lawsuits
- Blue Sky Basin
How they make it realized?
Do you know how much it costs to operate garbage truck for one hour?
they make it realized?
Where to look for funding？
✽ From Saving/parent’s supporting
✽ From your daily life- Spire Corporation(Internship)
First-try: It will never work!
Second-try: Got $25,000 from his former boss
✽ From college-
The Hatchery program at Bobson college
✽ From competition-
Douglass Foundation Graduate Business Plan competition
✽ From angel investor-
Bring your idea to socially responsible enterprises where gathering of angels interested
The Trash compactor
Opportunity- Where did the idea come from
- A machine used to reduce the size of waste material through compaction
- Its used to reduce the volume of trash.
- The compactor traditionally would need electrical power to operate.
- Hobbits Inspiration
- Education from School
- Internship: Take the chance to write some BUSINESS PLANS
- Kept working on the idea even no one thought it would work
- Closer look at the industry
- Finding Partners
Jim Poss
Members
Yazan
Weiling
Annie
Bella
Patrick
- Founder of BigBelly Solar, a globally-recognized innovator and entrepreneur.
- BA in environmental Science
- MBA from Babson college
Opportunity- Where did the idea come from
BigBelly benefits
- Can hold 5 times more garbage than the normal bin
- Reduce the fuel consumption of garbage pick up trucks by cutting the number of visits they make to collect trash.
- Reduce pollution.
- Reduce the annual labor cost.