5.1 The role of operations management Flashcards

1
Q

What is the definition of “Ecological sustainability”?

A

“a capacity of ecosystems to maintain their essential functions and processes, and retain their biodiversity in full measure over the long term”

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2
Q

What are some things businesses can do to reach “ecological sustainability”?

A
  • Reduce waste at all levels
  • Using less energy and using renewable sources
  • Designing products that use recycled materials
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3
Q

What is the definition of “Social sustainability”?

A

“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”

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4
Q

What are some things businesses can do to reach “social sustainability”?

A
  • Designing production systems that are safe and healthy for employees
  • Creating jobs in low income or deprived areas
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5
Q

What is the definition of “Economic sustainability”?

A

“Within a business context, economic sustainability involves using the assets of the company efficiently to allow it to continue functioning profitability over time”

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6
Q

What are some things businesses can do to reach “Economic sustainability”?

A
  • Research and developing products to create consumer interest
  • Increasing the efficiency of production processes
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