How to simultaneously take into account the environmental, social and economic value of a product during its design?
You can try a concept of Cost-benefit Analysis (Enviromental Cost-benefit Analysis) and apply it into product instead of a project.
You could identify environmental and social attributes of the product and evaluate how much more potential clients would pay for this product because of those attributes (compared to others which don't have those attributes). Then you can calculate one integrated economic value reflecting all dimensions.
You must raise the externalities that will be reduced from the project taking into account the environmental valuation methods of ecological economics
You could use the Lyce cycle analyses of the design process of the product.
Thank you a lot for these different and complementary ideas and concepts.
In the past i had used LCA to support the eco design of product or service. I had also used the value analysis to define way of innovation (as in the blue ocean strategy vision) and system theorie to modelise value chain. And my feeling is that in all these case the optimization of the system is always driven by one actor of the value chain with one real objective in general that's the immediat financial profit / cost) but not only.
Do you have some real case of product or service innovation in which the different sustainable aspects habe been take into account to create a global sustainable value?
https://www.researchgate.net/publication/319187357_Application_of_Value_Engineering_approach_for_Improving_the_Quality_and_Productivity_of_Ready-Mixed_Concrete_Used_in_Construction_and_Hydraulic_Projects
Thesis Application of Value Engineering approach for evaluating the...
Dear Gwenola
Please check the following streams of research of the problem you mentioned:
1. Investigation of direct link between sustainable and economic value in the "integrated reporting" research, for instance:
Maniora J (2017) Is Integrated Reporting Really the Superior Mechanism for the Integration of Ethics into the Core Business Model? An Empirical Analysis. Journal of Business Ethics (2017) 140:755–786
2. Investigation of "innovative Local David vs Global Goliath competition" in sustainable values (my favorite, because (1) they use meanings to explain innovations and (2) make the knowledge about the local sustainable values important)
Hokerts K (2009) Greening Goliaths versus Emerging Davids – Theorizing about the Role of Incumbents and New Entrants in Sustainable Entrepreneurship. WORKING PAPER NO. 01-2009, CBS Center for Corporate Social Responsibility, CBS Working Paper Series, 1-44.
3. Experiments in how sustainable values affect consumers perceptions
Lundqvist, A., Liljander, V., Gummerus, J. and van Riel, A. (2013), “The impact of storytelling on the consumer brand experience: the case of a firm-originated story”, Journal of Brand Management 20, 283-297 (February/March 2013), doi:10.1057/bm.2012.15
There are more streams of research on the problem you mentioned.
Dear Gwenola
As to your question: Do you have some real case of product or service innovation in which the different sustainable aspects have been taken into account to create a global sustainable value?
1. There are some flagship global business that compete on sustainable values: Body Shop (vide: its manifesto: Enrich don't exploit"), Starbucks (vide: their social impact folder, LEED certification commitment).
2. There are also some local businesses that offer sustainable values to compete against global companies: Max Burgers against McDonald's or Caffe Nero against Starbucks.
3. Every organization that increases consumers cultural literacy in any product category (coffee drinking culture, burger eating culture or in sculpture, painting or theater culture) creates sustainable value
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