B A 360 Chapter Notes - Chapter 5S: Corporate Social Responsibility, Carbon Footprint, Product Design
Document Summary
Corporate social responsibility (crs) - introduce policies that consider environmental, societal, and financial impacts in their decision making. Shared value - finding policies and practices that enhance the organization"s competitive ss while simultaneously advancing the economic and social conditions in the communities in which it operates. Sustainability - meeting the needs of the present without compromising the ability of future generations to meet their needs. Involves thinking about environmental resources but also about employees, customers, community, and the company"s reputation. Managers may find that their decisions regarding sustainability improve when they take a systems view. Looking at a product"s life from design to disposal, including all the resources required. Commons - many inputs to a production system have market prices, but those that do not often have unidentified or ambiguous ownership, or are held by the public. Answer is slowly being found in a number of ways: Moving some of the common to private property.
