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ISO 14000
The ISO 14000 family is a set of international standards for environment management systems. It was developed in March 1996 by International Organization for Standardization. The goal of these standards is to help organizations (a) minimize how their operations (processes, etc.) negatively affect the environment (i.e. cause adverse changes to air, water, or land); (b) comply with applicable laws, regulations, and other environmentally oriented requirements; and (c) continually improve in the above. The standards were designed to fit into an integrated management system. ISO 14000 is similar to ISO 9000 quality management in that both pertain to the process of how a service/product is rendered, rather than to the service/product itself. As with ISO 9001, certification is performed by third-party organizations rather than being awarded by ISO directly. The ISO 19011 and ISO 17021 audit standards apply when audits are being performed. The current version of ISO 14001 is ISO 14001 ...
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International Standard
An international standard is a technical standard developed by one or more international standards organizations. International standards are available for consideration and use worldwide. The most prominent such organization is the International Organization for Standardization (ISO). Other prominent international standards organizations including the International Telecommunication Union (ITU) and the International Electrotechnical Commission (IEC). Together, these three organizations have formed the World Standards Cooperation alliance. Purpose International standards can be applied directly or adapted to meet local conditions. When adopted, they lead to the creation of national standards that are either equivalent to or largely align with the international standards in technical content, though they may have: (i) editorial variations, such as differences in appearance, the use of symbols, measurement units, or the choice of a point over a comma as the decimal marker, and (ii) va ...
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International Accreditation Forum
{{More citations needed, date=January 2021 The International Accreditation Forum, Inc. (IAF) is the worldwide association of Conformance testing, conformity assessment accreditation bodies and other bodies interested in conformity assessment in fields like management systems, Product (business), products, Service (business), services, Employment, personnel, processes, and Verification and validation, validation and verification. The IAF's primary function is to develop a worldwide program of conformity assessment which reduces Business risks, risk for businesses and their customers by assuring them that accredited wikt:certificate, certificates and validation and verification statements may be relied upon. IAF accreditation body members accredit certification or validation and verification bodies that issue certificates or statements attesting that an organization is complying with a specified wikt:standard, standard. Role The primary purpose of IAF is two-fold. Firstly, to ensure ...
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ISO 14006
ISO 14006, ''Environmental management systems - Guidelines for incorporating ecodesign'', is an international standard that specifies guidelines to help organizations establish, document, implement, maintain, and continuously improve their ecodesign management as part of the environmental management system. The standard is intended to be used by organizations that have implemented an environmental management system in compliance with ISO 14001, but can help to integrate ecodesign into other management systems. The guideline is applicable to any organization regardless of its size or activity. Edition and revision ISO 14006 was developed by ISO/TC207/SC1 Environmental management systems, and was published for the first time in July 2011. The second edition was published in January 2020. ISO/TC 207 was established in the year 1993. Main requirements of the standard The '' 'ISO 14006' '' adopts a scheme in 5 chapters in the following subdivision: * 1 Scope * 2 Normative refer ...
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Return On Investment
Return on investment (ROI) or return on costs (ROC) is the ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.Return On Investment – ROI
, Investopedia as accessed 8 January 2013
In economic terms, it is one way of relating profits to capital invested.


Purpose

In business, ...
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Cost Efficiency
Cost efficiency (or cost optimality), in the context of parallel computer algorithms, refers to a measure of how effectively parallel computing can be used to solve a particular problem. A parallel algorithm is considered cost efficient if its asymptotic running time multiplied by the number of processing units involved in the computation is comparable to the running time of the best sequential algorithm. For example, an algorithm that can be solved in O(n) time using the best known sequential algorithm and O\left(\frac\right) in a parallel computer with p processors will be considered cost efficient. Cost efficiency also has applications to human services Human services is an interdisciplinary field of study with the objective of meeting human needs through an applied knowledge base, focusing on prevention as well as remediation of problems, and maintaining a commitment to improving the overall qu .... References *Advanced Computer Architectures: A Design Space Approach, D. ...
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Waste Reduction
Waste minimisation is a set of processes and practices intended to reduce the amount of waste produced. By reducing or eliminating the generation of harmful and persistent wastes, waste minimisation supports efforts to promote a more sustainable society.. Waste minimisation involves redesigning products and processes and/or changing societal patterns of consumption and production. The most environmentally resourceful, economically efficient, and cost effective way to manage waste often is to not have to address the problem in the first place. Managers see waste minimisation as a primary focus for most waste management strategies. Proper waste treatment and disposal can require a significant amount of time and resources; therefore, the benefits of waste minimisation can be considerable if carried out in an effective, safe and sustainable manner. Traditional waste management focuses on processing waste after it is created, concentrating on re-use, recycling, and waste-to-en ...
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Competitive Advantage
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information. Overview The term ''competitive advantage'' refers to the ability gained through attributes and resources to perform at a higher level than others in the same industry or market (Christensen and Fahey 1984, Kay 1994, Porter 1980 cited by Chacarbaghi and Lynch 1999, p. 45). The study of this advantage has attracted profound research interest due to contemporary issues regarding superior performance levels of firms in today's competitive market. "A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential player" (Barney 1991 cited ...
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Corporate Social Responsibility
Corporate social responsibility (CSR) or corporate social impact is a form of international private business industry self-regulation, self-regulation which aims to contribute to societal goals of a philanthropy, philanthropic, activist, or charitable nature by engaging in, with, or supporting Professional services, professional service volunteering through pro bono programs, community development, administering Grant (money), monetary grants to Nonprofit organization, non-profit organizations for the Common good, public benefit, or to conduct Ethics, ethically oriented business and investment practices. While CSR could have previously been described as an internal organizational policy or a business ethics, corporate ethic strategy, similar to what is now known today as environmental, social, and governance (ESG), that time has passed as various companies have pledged to go beyond that or have been mandated or incentivized by governments to have a better impact on the surrounding ...
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Profit (accounting)
Profit, in accounting, is an income distributed to the ownership , owner in a Profit (economics) , profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use. Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the Stakeholder (corporate), stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economics , economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context. Other terms See also * Gross income * Net profit * Profitability index * Rate ...
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Cost Reduction
Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income. Depending on a company’s services or products, the strategies can vary. Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project or the construction of a building. In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. Importance Companies typically launch a new product without focusing too much on cost. Cost becomes more important when competition increases and PRICE becomes a differentiator in the market. The importance of cost reduction in relation to other strategic business goals is often debated. Examples of cost reduction strategies and programmes Commercial businesses Consultants Deloitte reported in 2006 that over three-quarters of the FTSE 100 listed ...
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Aerospace Industry
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial, and military applications. Aerospace engineering consists of aeronautics and astronautics. Aerospace organizations research, design, manufacture, operate, maintain, and repair both aircraft and spacecraft. The border between space and the atmosphere has been proposed as above the ground according to the physical explanation that the air density is too low for a lifting body to generate meaningful lift force without exceeding orbital velocity. This border has been called the Kármán line. Overview In most industrial countries, the aerospace industry is a co-operation of the public and private sectors. For example, several states have a civilian space program funded by the government, such as National Aeronautics and Space Administration in the United States, European Space Agency in Europe, the Canadian Space Ag ...
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Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16% such as in France up to 40% in countries such as Slovakia). The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860–1930), first came into use to describe automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers pioneering the Brass Era car, horseless carriage. Early car manufacturing involved manual assembly by a human worker. The process evolved from engineers working on a stationary car to a conveyor belt system where the ...
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