Question

In: Accounting

Provide an example of how a company may change its processes to make its manufacturing more...

Provide an example of how a company may change its processes to make its manufacturing more efficient or environmentally sustainable. How will the company benefit?

Solutions

Expert Solution

In a society people live within the umbrella of a natural environment, thus a safe and protective environment must be provided. The company should change the manufacturing process and adapt to environmentally sustainable environment for safety and overall health of personnel.

For example: Samsung company gives a high priority on the protection of the environment from the moment it starts planning of it's product until the final disposal of the product. It actively participates in efforts to focus on a circular economy. The company utmost priority is finding new ways of innovation and going beyond the conventional approach of usage of resources once and discarding them, its puts efforts to ensure that resources can be effectively reused by recycling, recovering, and reusing after the lifespan of the company's product. It targets on reducing the consumption amount of natural resources required in the process of production, thus resulting to a reduction in the pollutants and greenhouse gas from the incineration of waste, and causing a prevention to the underground water and soil contamination due to the landfills

When the company put efforts in adapting to safe environment, in the long run it would help them to benefit and succeed. A strong commitment to protect natural environmental helps in the continuous innovation to decrease the damage to environment; thus contributes in promotion to the economic growth. It will be very beneficial for the society and results to create a good image of the company for the consumers


Related Solutions

Describe the two types of change: Reactive and proactive. Provide one example of each that may...
Describe the two types of change: Reactive and proactive. Provide one example of each that may cause reactive and proactive change initiatives in an organization.
How legal issues may impact on a business ? Provide an example
How legal issues may impact on a business ? Provide an example
Provide an example of how an international company (such as Unilever or Mondelez International) changes its...
Provide an example of how an international company (such as Unilever or Mondelez International) changes its distribution channels and/or marketing messages based on country. Cite your reference
Explain (and give an example of) how a company may use off-balance sheet financing to its...
Explain (and give an example of) how a company may use off-balance sheet financing to its advantage.
list electronic manufacturing processes with its applications.
list electronic manufacturing processes with its applications.
Please provide an example and then discuss how regression analysis may be used as a forecasting...
Please provide an example and then discuss how regression analysis may be used as a forecasting tool. Thank you.
Describe how culture affects how consumers make choices and spend money. Provide an example of a...
Describe how culture affects how consumers make choices and spend money. Provide an example of a culture-based purchasing decision in one country that might not be typical in another country.
The Petroco Company uses a highly toxic chemical in one of its manufacturing processes. It must...
The Petroco Company uses a highly toxic chemical in one of its manufacturing processes. It must have the product delivered by special cargo trucks designed for safe shipment of chemicals. As such, ordering (and delivery) costs are relatively high, at $2,600 per order. The chemical product is packaged in 1-gallon plastic containers. The cost of holding the chemical in storage is $50 per gallon per year. The annual demand for the chemical, which is constant over time, is 2,000 gallons...
If a company takes a restructuring charge frequently, it may be trying to make its A...
If a company takes a restructuring charge frequently, it may be trying to make its A current ratio appear better than it truly is. B sustainable income appear greater than it truly is. C cash flow from financing appear lower than it truly is. D cash flow from operating activities appear higher than it truly is.
what difference does this fragmentation make to patients? provide a clear example of how to US...
what difference does this fragmentation make to patients? provide a clear example of how to US system is fragmented. Analyze the potential impact of this fragmentation on actual patient care
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT