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Date: 2018-09-20 Page is: DBtxt001.php L070-PD-PRODUCTS

PRODUCTS
THE LIFE-BLOOD OF THE SOCIO-ENVIR0-ECONOMIC SYSTEM

PRODUCTS (goods and services) ARE THE LIFE-BLOOD OF THE SOCIO-ENVIR0-ECONOMIC SYSTEM
SUPPORT QUALITY OF LIFE ... ENABLE PROFIT OPPORTUNITIES ... HAVE IMPACT ON THE ENVIRONMENT
Whether they are 'GOOD' or 'BAD' depends on a multitude of factors
AS THEY ARE PRODUCED AND USED TODAY, THEY ARE UNSUSTAINABLE

Many, many PRODUCTS
Navigation to more about specific products
Open L0200-PD-PRODUCTS
How PRODUCTS flow through the SYSTEM
Many ways there is IMPACT, both good and bad
Open L0700-SS-PRODUCTS

Overview OF PRODUCT
Probably more than anything else, it is PRODUCT ... goods and services ... that enables quality of life. For most of history, product was scarce because knowlege and productivity was low, but in the past 300 years, there has been amazing technological progress and in the 21st century there is the capacity to make a huge amount of product which in turn can support a good quality of life for everyone.
The downside of this is that the manufacturing processes do damage to the environment, and the management of organizations focus on products that are profitabille for the organization much more than those that are best for consumers.
In the end it is through product choices ... what to buy or not ... that people are going to have the most impact on the decisions of organizations and in turn on the overall socio-enviro-economic system. When people change their behavior with respect to product, then everything else will change.
THe main metric for decision making (buy or not to buy) is price and quality. There is little or no information about the impact that manufacturing the product has had on society and the environment during its flow through the supply chain. There is little or no information about the impact of the product during its use, and what happens to the product in the post-use waste cycle.

PRODUCT flowing through the system
Product is shorthand for both goods and services. People need product to maintain and improve their quality of life and their standard of living. In the end the purpose of all economic activity is to improve quality of life and standard of living, it follows that product is a key to high performance of the socio-enviro-economic system.
The socio-enviro-economic system comprises:
(1) people ... a society of now more than 7 billion people
(2) the natural world ... nature's bounty; and
(3) the economic world ... a human built environment of physical structures, institutions and systems.

Product to serve the needs of people originates with resources from the natural world, flows through processes in the man built environment and ends up serving the needs of people. After use the product has a post use waste chain that may well degrade the natural environment. The performance of a product is the amount of good that reaches people, relative to the amount of damage that is being done to the natural world.
There are very powerful metrics about the profit performance of business organizations in the man built environment and the accumulation of financial capital by people who are owners, but there are no metrics with similar power to measure the good that products do for people and the bad impact products have on the natural environment.
As a product flows through the supply chain, there is good that benefits employees and there is bad where the operations do damage to the environment and sometimes the employees. There is good when the operations in the supply chain fund pro-good activities and pay taxes to fund government services.
When the dominant metrics are all about profit and financial wealth, then over time all the big decisions get made in the interest of these metrics. We need to change the way the world keeps score in order to change the way the game is played!

PRODUCT as a source of profit
Product is the most important source of profit in the modern economy. The profit is optimized at every stage of the supply chain, during production and then in marketing, distribution and sales. More than anything else, the profit is increased by flowing more and more product through the system.
Advertising is used more than anything else to get consumers to buy more and more and more product.
Products are designed so that consumers are obliged to buy more product, either because there has been a style change designed into new products, or the products do not last very long ... everything is done by producers so that consumers buy more of the product.
The business community has paid very little attention to the issues arising in society and the issues associated with the environment. The conventional way of calculating profit and reporting profit means that externalities of this sort may be ignored and there has been massive damage done in society and to the environment by success in the consumption economy.

PRODUCT IS AN IMPORTANT DETERMINANT OF QUALITY OF LIFE
The availability of PRODUCT determines to a great extent a person's QUALITY OF LIFE
Go TOP
OVERVIEW OF PRODUCT
Probably more than anything else, it is PRODUCT ... goods and services ... that enables quality of life. For most of history, product was scarce because knowlege and productivity was low, but in the past 300 years, there has been amazing technological progress and in the 21st century there is the capacity to make a huge amount of product which in turn can support a good quality of life for everyone.
The downside of this is that the manufacturing processes do damage to the environment, and the management of organizations focus on products that are profitabille for the organization much more than those that are best for consumers.
In the end it is through product choices ... what to buy or not ... that people are going to have the most impact on the decisions of organizations and in turn on the overall socio-enviro-economic system. When people change their behavior with respect to product, then everything else will change.
THe main metric for decision making (buy or not to buy) is price and quality. There is little or no information about the impact that manufacturing the product has had on society and the environment during its flow through the supply chain. There is little or no information about the impact of the product during its use, and what happens to the product in the post-use waste cycle.

PRODUCT GROUP ... FOOD AND BEVERAGES
YOU ARE WHAT YOU EAT ... Healthy food and drink is enormously important for wellness / good health.
Open L0700-SS-AGRICULTURE
Open L0700-SS-FOOD
L0700-SS-FOOD-Nutrient-Calorie-Density Open L0700-SS-FOOD-Nutrient-Calorie-Density
PRODUCT GROUP ... BUILDING MATERIALS



The text being discussed is available at


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