Corporate Social Responsibility

Corporate Social Responsibility

Obligations a business has above and beyond its legal requirements to the wellbeing of its stakeholders and the environment

Why should a business adhere to CSR

- Improves business reputation
- Increases businesses competitiveness
- Reduces costs
- Improves efficiency and effectiveness

Two areas operations managers must consider regarding CSR

- The environmental sustainability of inputs
- The amount of waste generated from processes and producing outputs

The Environmental Sustainability of Inputs

Using inputs that minimise environmental harm to ensure sustainable use of resources now and in the future

Types of environmentally sustainable Inputs

- Using green energy
- Using recycled materials
- Sustainable, local suppliers as suppliers overseas have travel pollution

How to reduce Waste Generated from Processes

- Lean manufacturing
- just in time
- Quality strategies
- Reduce, reuse, recycle
- Technological Developments

How to reduce Waste Generated from Outputs

- biodegradable packaging
- recyclable outputs
- Producing safe products

Advantages of adhering to CSR

- Reduce costs in the long term
- increases employees working for you
- Increases customers willing to buy from you

Disadvantages of adhering to CSR

- Costly and short term burden
- Takes resources away from other areas of production