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Meaningful Metrics for a Smart Society
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Date: 2017-10-23 Page is: DBtxt001.php L070-PD-PRODUCTS

PRODUCTS
PRODUCTS (goods and services) ARE THE MAIN 'THINGS' THAT FLOW THROUGH THE SYSTEM

PRODUCTS SUPPORT QUALITY OF LIFE ... ENABLE PROFIT OPPORTUNITIES ... HAVE IMPACT ON THE ENVIRONMENT
Whether they are 'GOOD' or 'BAD' depends on a multitude of factors

Product / Products
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 enviro-socio-economic system.
The enviro-socio-economic system comprises: (1) the natural world ... nature's bounty; (2) a man built environment of physical structures, institutions and systems; and (3) people ... a society of now more than 7 billion people
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.

Many, many products
Navigation to resources about specific products
Open L0200-PD-PRODUCTS




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