Life cycle management as a business strategy for sustainability

Today's business climate demands signifcant shzfts in how organizations deliver products and services to customers. Firms in many industrial sectors are effectively using management systems and life cycle assessments to understand and improve their operations, products, and services. But, a more comprehensive approach is needed to significantly reduce the pressure on natural systems, and to successfully respond to the increased complexity of business decision‐making in the 21st centuly. This paper discusses life cycle management as an effective business strategy that can continually respond to these unique new challenges.