5.1 The role of operations management Flashcards
What is the definition of “Ecological sustainability”?
“a capacity of ecosystems to maintain their essential functions and processes, and retain their biodiversity in full measure over the long term”
What are some things businesses can do to reach “ecological sustainability”?
- Reduce waste at all levels
- Using less energy and using renewable sources
- Designing products that use recycled materials
What is the definition of “Social sustainability”?
“the ability of a community to develop processes and structures which not only meet the needs of its current members but also support the ability of the future generations to maintain a healthy community”
What are some things businesses can do to reach “social sustainability”?
- Designing production systems that are safe and healthy for employees
- Creating jobs in low income or deprived areas
What is the definition of “Economic sustainability”?
“Within a business context, economic sustainability involves using the assets of the company efficiently to allow it to continue functioning profitability over time”
What are some things businesses can do to reach “Economic sustainability”?
- Research and developing products to create consumer interest
- Increasing the efficiency of production processes