What are the three elements of supply chain sustainability? Describe how each works and provide an example from industry for each
What will be an ideal response?
The three elements of supply chain sustainability include social responsibility, environmental responsibility, and financial responsibility. Social responsibility addresses the moral, ethical, and philanthropic expectations that society has of an organization. Environmental responsibility addresses the ecological needs of the planet and the firm's stewardship of the natural resources used in the production of services and products. The goal is to leave as small an environmental footprint as possible so that future generations can make use of abundant natural resources. Financial responsibility addresses the financial needs of the shareholders, employees, customers, business partners, financial institutions, and any other entity that supplies the capital for the production of services or products or relies on the firm for wages or reimbursements. Examples of each of these elements will vary.
You might also like to view...
Which consumer buyer behavior trend suggests that the traditional roles, lifestyles, and interests of both men and women are becoming blurred?
A) age complexity B) gender complexity C) active, busy lifestyles D) individualism
The managers of Alfredo's Pizza, a popular pizzeria in New York City, have been increasingly encouraging senior citizens to visit the pizzeria's numerous outlets spread across the city
Anticipating a rise in the population of senior citizens in the area, the management of Alfredo's Pizza is seeking to tap into this promising segment that consists of retired, affluent consumers. In this instance, the managers of Alfredo's Pizza are anticipating company growth through ________. A) market development B) product development C) mass customization D) niche marketing E) product differentiation