OM 300 Lecture Notes - Lecture 5: Corporate Social Responsibility, Life-Cycle Assessment, Triple Bottom Line

• School: University of Alabama
• Department: Operations Management
• Course: OM 300
• Professor: David Cooper

Document Summary

Corporate social responsibility: how the products and services affect people and the environment, stakeholders have strong opinions about environmental, social, and ethical generations to meet their needs issues. Systems view required and environmental systems: understanding systems allows more informed judgments regarding sustainability. Inputs to a production system held by the public: common resources often misallocated, possible solutions include, moving some of the common to private property, allocation of rights, regulation. Improving livelihoods through the creation of productive, healthy, and safe workplaces: building strong communities through access to affordable, high-quality services, preventing exposure to substances that are considered harmful or toxic, promoting health and wellness. Product design: design decisions affect materials, quality, cost, processes, related packaging and logistics, and how the product will be processed when discarded. Incorporate systems view to lower environmental impact: alternative materials. Production process: reduce the amount of resources in the production process. Environmental contamination: reduce cost and environmental concerns.