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CONTEXT
ISSUES
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HOW THE
WORLD
WORKS
ACTIVITIES
SECTORS
STREAMS
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ORGANIZATIONS
PRODUCTS
STUFF
CONSUMPTION
PLACE
COMMUNITIES
COUNTRIES
PEOPLE
QUALITY
OF LIFE
NATURE
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ECONOMY
MONEY
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STRATEGY
Date: 2019-01-18 Page is: DBtxt001.php list0300-MDIA-Perspective-Product
The TrueValueMetrics (TVM) Website
Meaningful Metrics for a Smart Society
MDIA - The PRODUCT Perspective


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 that are used do damage to the environment, and the management systems for organization tend to focus on products with a maximum of profitability rather than products that have the maximum of net impact. In the end it is through product that people are going to have the most impact on the decisions of organizations and in turn on the overall enviro-socio-economic system. When people change their behavior with respect to product, then everything changes.

TO BE COMPLETED


HISTORY OF PROCESS
It is improvement in PROCESS that has enabled productivity improvement over time. Almost everything that is a part of the modern enviro-socio-economic system that supports a decent quality of life and standard of living is produced using a process that is more efficient than the process that was used in the past. Take the transport sector for example, the process to convert fuel into energy for transportation has moved from the steam locomotive of the 19th century to the jet engine of the 21st century. Take computing for example, a process that was aided by teh abacus, and later various forms of calculator to modern electronics with processors that will do many millions of calculations in a second. In the MDIA framework the standard performance of a process will make it possible to understand the truvalue of a product that has flowed through multiple processes in the course of its flow through the supply chain.
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