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Waste Concern: Fixing Market Failures

In: Managing Sustainable Business

Author

Listed:
  • Joanna Radeke

    (ESMT Berlin)

  • Johanna Mair

    (Hertie School of Governance
    Stanford University)

  • Christian Seelos

    (Stanford University)

Abstract

In 1995 Iftekhar Enayetullah and Abu Hasnat Md. Maqsood Sinha founded Waste Concern to research and develop solutions to the problem of waste in Dhaka, the capital of Bangladesh. Over the years they established a number of companies and grew nationally and internationally. They also pioneered two Clean Development Mechanism projects under the United Nations program. In this case we describe the financial problems faced by the entrepreneurs as the carbon market plummeted affecting their Clean Development Mechanism projects. We also report other unforeseen issues such as the electricity crisis and the problem with accessing the site needed for implementing the projects. The case illustrates how Enayetullah and Sinha deal with these problems. Their approach can be summarized by their own words “when there is a problem, there is also an opportunity”. The case also illustrates the number of challenges and questions that ensued.

Suggested Citation

  • Joanna Radeke & Johanna Mair & Christian Seelos, 2019. "Waste Concern: Fixing Market Failures," Springer Books, in: Gilbert G. Lenssen & N. Craig Smith (ed.), Managing Sustainable Business, chapter 26, pages 557-574, Springer.
    • Handle: RePEc:spr:sprchp:978-94-024-1144-7_26
    DOI: 10.1007/978-94-024-1144-7_26
    as

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