CHAPTER 5.1 Flashcards
Managerial decision making that
considers environmental, societal, and financial impacts.
Corporate social responsibility (CSR)
Developing policies and practices that enhance the competitiveness of an organization, while advancing the economic and social conditions in
the communities in which it operates.
Shared value
Meeting the needs of the present without compromising the ability of future generations to meet their needs.
Sustainability
—Looking at a product’s life from design to disposal, including all of the resources required
Systems view
Inputs or resources for a production system that are held by the public
The commons
Systems needed to support the three Ps: people, planet , and profit .
Triple bottom line
A measure of the total GHG emissions caused directly and
indirectly by an organization, product, event or person
Carbon footprint
—Analysis of environmental impacts of products from the
design stage through end-of-life
Life cycle assessment
Supply chains that
consider the product or its materials after the product reaches its end-of-life
stage. This includes forward and reverse product flows. Green disassembly lines
help take cars apart so that parts can be recycled. Recycling is the 16th-largest
industry in the U.S.
Closed-loop supply chains, also called reverse logistics
are guided by OSHA, EPA, and many state
and local agencies. There are also U.S. agencies that govern the disassembly and
disposal of hazardous products.
Manufacturing and assembly activities
The International Organization of Standardization family of guidelines for sustainable development.
ISO 14000