Publication detail

Integration of Life Cycle as a Business Approach

KOCMANOVÁ, A. NĚMEČEK, P.

Original Title

Integration of Life Cycle as a Business Approach

Type

journal article - other

Language

English

Original Abstract

In her paper, the author analyzes the connection between the life cycle of products and services and life cycle management using tools that help reduce negative impacts of business activities on the environment, such as the quantitative and qualitative tools. From the holistic point of view, this analysis in fact encompasses the entire life cycle of products and services. Every business activity impacts the social, economic or environmental levels in one way or another. Life Cycle Management (LCM) has been developed as an integrated concept for managing the total life cycle of products and services towards more sustainable consumption and production patterns. LCM stems from changed conditions in the business environment, besides a traditional focus on performance and departments, it is being extended to include the acquisition of information on clients, particularly in connection with their requirements on products and services, responses to market situations, changing technologies, and changes in the quality of products and services. It follows from both theoretical and empirical findings in the field of life cycle investigations that people in different positions define the term "life cycle" differently from the point of view of marketing, of the manufacturer, customer, or the society. In her paper, the author set out to define the life cycle of products and services, including the environmental approach, with the use of quantitative tools ( life cycle assessment, eco-efficiency, ecological footprint, product stewardship, target costing, life cycle costing ). In conclusion, it should be important for every company to implement the life-cycle thinking (LCT), which, in combination with LCM is a relatively new approach that brings together different elements of practices that have been used in companies around the world for decades.

Keywords

life-cycle thinking, life cycle product, life cycle management, life cycle assesment, target costing, life cycle costing

Authors

KOCMANOVÁ, A.; NĚMEČEK, P.

RIV year

2007

Released

20. 4. 2007

Publisher

Kaunas University of Technology

Location

Kaunas

ISBN

1822-6515

Periodical

Economics and management-2007

Year of study

2007

Number

12

State

Republic of Lithuania

Pages from

521

Pages to

526

Pages count

1255

BibTex

@article{BUT44811,
  author="Alena {Kocmanová} and Petr {Němeček}",
  title="Integration of Life Cycle as a Business Approach",
  journal="Economics and management-2007",
  year="2007",
  volume="2007",
  number="12",
  pages="521--526",
  issn="1822-6515"
}