U3 3I csr in operations Flashcards

1
Q

define corporate social responsibility

A

CSR refers to where a business goes above and beyond legal expectations required by regulators.

consider how it practices impact the environment, health and welfare of wider society, ethical concern for workforce.

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2
Q

strengths and limitations of CSR

A

strengths
- environmental benefits

  • employee satisfaction benefits
  • society benefits

weaknesses
- time consuming to establish

  • sometimes expensive to support non-core activities
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3
Q

define core work / non-core work

A

core work are activities that directly contribute towards business meeting its objectives and operating smoothly

whereas non-core work are activities not central to business operations

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4
Q

CSR considerations for inputs (operation system)

A

ways to consider csr for inputs

  • sourcing materials & resources that are environmentally sustainable
  • ensure inputs do not damage / deplete natural resources

e.g source suppliers that use environemntally sustainable methods

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5
Q

CSR considerations for processes

A

ways to consider csr for processes

  • reduce waste during production
  • companies can aim to reduce waste through strategies like forecasting, lean management, jit

e.g Toyota production system uses lean management to reduce waste through production process

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6
Q

CSR considerations for output

A

ways to consider csr for outputs
- ensure goods and services produced do not cause harm to wider community

e.g eliminating plastic packaging from final product

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