Opportunity Search Opportunity Search (individual) You will identify a problem as supported by secondary research and analysis; propose what you believe to be a feasible, scalable, and innovative business solution to that problem; present that solution as an opportunity for internal class feedback and support; and provide critical written feedback for one of your peers' ideas. Example: (Use the following example as a guide in developing your assignment. DO NOT copy.) Research and Analysis: Identifying a Problem and Proposing a Business Solution Introduction: In today's ever-changing business landscape, entrepreneurs and organizations must identify problems and develop innovative solutions. This research and analysis text aims to identify a problem supported by secondary research, propose a feasible and scalable business solution, present it as an opportunity for internal class feedback and support, and provide critical written feedback for one of your peers' ideas. By following this process, we can foster a culture of entrepreneurship and problem-solving. Primary Research Findings: Problem Identification: To begin our research, we conducted extensive secondary research to identify a prevalent problem in the business world. After analyzing various sources, it became evident that the lack of efficient waste management practices is a significant challenge faced by many industries today. Improper waste management not only harms the environment but also poses health and safety risks for communities. Secondary Research Findings: Our research has uncovered some alarming statistics related to waste management: 1. According to the United Nations Environment Program, global waste generation is expected to increase by 70% by 2050 if no significant actions are taken. 2. The World Bank estimates that only 13.5% of global waste is recycled, while the rest ends up in landfills or pollutes natural ecosystems. 3. Improper waste disposal contributes to air and water pollution, leading to adverse effects on human health and ecosystems. Proposed Business Solution: Based on our research findings, we propose a feasible, scalable, and innovative business solution to tackle the waste management problem. Our solution involves the establishment of a waste management consulting firm that offers specialized services to industries, businesses, and communities. Key Components of the Solution: 1. Consultation and Assessment: Our firm will conduct thorough waste management assessments to identify areas for improvement within an organization. This includes analyzing waste generation processes, identifying potential recycling opportunities, and evaluating waste disposal methods. 2. Customized Waste Management Plans; We will develop tailored waste management plans based on the specific needs and goals of each client. These plans will incorporate sustainable practices, recycling initiatives, and waste reduction strategies. 3. Implementation and Training: Our experts will work closely with clients to implement the proposed waste management plans. Additionally, we will provide training sessions to educate employees on proper waste handling, segregation, and recycling techniques. 4. Monitoring and Continuous Improvement: Our firm will establish a monitoring system to track the progress of waste management initiatives. Regular assessments and feedback loops will be used to identify areas for imnrovement processes, identifying potential recycling opportunities, and evaluating waste disposal methods. 2. Customized Waste Management Plans: We will develop tailored waste management plans based on the specific needs and goals of each client. These plans will incorporate sustainable practices, recycling initiatives, and waste reduction strategies. 3. Implementation and Training: Our experts will work closely with clients to implement the proposed waste management plans. Additionally, we will provide training sessions to educate employees on proper waste handling, segregation, and recycling techniques. 4. Monitoring and Continuous Improvement: Our firm will establish a monitoring system to track the progress of waste management initiatives. Regular assessments and feedback loops will be used to identify areas for improvement and ensure the effectiveness of implemented solutions. Opportunity for Internal Class Feedback and Support: We believe that our proposed business solution has the potential to address the pressing issue of waste management effectively. We invite our classmates to provide feedback and suggestions on how we can further refine our solution and make it more innovative and impactful. Your insights will greatly contribute to the success of our venture. Critical Written Feedback for Peer's Idea: One of our peers, Sarah, proposed a business solution centered around developing a mobile application that connects surplus food from restaurants to local food banks. This idea aligns with the goal of reducing food waste and addressing hunger-related issues. Sarah's solution demonstrates innovation and scalability potential. To further enhance her idea, she could consider partnering with food delivery services to expand the reach and impact of her application. Additionally, incorporating a rating system and user feedback feature would help ensure the quality and safety of the donated food. Conclusion: Through this research and analysis text, we have identified the problem of inefficient waste management, proposed a feasible business solution, and provided an opportunity for internal class feedback and support. Entrepreneurs and organizations must address pressing challenges and develop innovative solutions. By fostering a culture of entrepreneurship and problem-solving, we can create a positive impact on both the business world and society as a whole. RUBRIC Use the following rubrtc to develop your assignment