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Waste Management: An American Corporate Success Story

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Recounts how Waste Management, Inc. created a business opportunity out of the growing environmental movement over the past twenty years, becoming the world's largest and most successful provider of environmental management services.

340 pages, Hardcover

First published January 1, 1993

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Timothy Jacobson

12 books1 follower
Librarian Note: There is more than one author in the Goodreads database with this name.

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Displaying 1 of 1 review
Profile Image for Bryan.
145 reviews14 followers
May 2, 2009
Here are some of the points I thought were interesting:

Size and Scope of Waste Managements’ Operation - Headquartered in Houston, the company's network of operations includes 354 collection operations, 341 transfer stations, 277 active landfill disposal sites, 16 waste-to-energy plants, 105 recycling facilities (30 of which are single-stream technology), 108 landfill gas projects with 10 more slated for construction in 2008, and 6 independent power production plants. These assets enable Waste Management to offer a full range of environmental services to nearly 20 million residential, industrial, municipal and commercial customers. The number 20 million customers must not mean individuals as their website claims they service 25 million residents, making them the largest refuse hauler in North America.

Model of Growth - Waste management grows through acquisition. The entire book was a tail of take over after take over. The book describes the take over formula as buying control of companies, but asking the minority shareholders who are often the founders of the company, to stay on and continue to contribute their entrepreneurial ability. On the Waste Management website it states:
Waste Management is interested in growing through strategic acquisitions. Throughout our history, we have acquired hundreds of companies and our acquisition team is continually evaluating new opportunities. We have the experience to quickly evaluate a company, close a transaction and integrate the acquired business into Waste Management.
If you are considering selling your business, give us a call. We can provide you a fair and competitive valuation of your solid waste business. You can be assured that all communications will be treated confidentially.

Garbage Collection is in a State of Change - The industry has changed. It used to be a:

... workingman’s world where physical labor lifted heavy loads, and before they knew it capital was king. Theirs was a familiar local world with plenty of business for everybody, and before they knew it the need to compete was compelling. Theirs was a business conducted for years in almost total obscurity, and before they knew it this same business was subject to stringent federal regulation and scrutiny by the general public.

Elsewhere in the book, the need for technical analysis is mentioned as a reason that Waste Management has risen above its competition. Some of the expertise discussed came from engineers and scientist.

Cost-Competitive, on Time, and Clean - The book gives the impression people do not care who their refuse hauler is. The only thing that matters is a company needs to be cost-competitive, on time and clean.
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