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Total Asset Management Managing All the Capital of Enterprise JohnPaul Kusz

Total Asset Management Managing All the Capital of Enterprise JohnPaul Kusz Center for Sustainable Enterprise, Stuart Graduate School of Business Illinois Institute of Technology - Chicago. Environmental Management. What We See What Others See. SURVEY OF DISCIPLINES. T. B. P.

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Total Asset Management Managing All the Capital of Enterprise JohnPaul Kusz

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  1. Total Asset Management Managing All the Capital of Enterprise JohnPaul Kusz Center for Sustainable Enterprise, Stuart Graduate School of Business Illinois Institute of Technology - Chicago

  2. Environmental Management What We See What Others See

  3. SURVEY OF DISCIPLINES T B P Education Claim 2 points for a Bachelors degree. 2 Claim 4 points for a Masters degree. 4 4 Claim 6 points for a Ph.D. or similar degree. Work Experience Enter 0 if you have no work experience Claim 3 points for 1 – 3 years. 3 Claim 6 points for more than 3 but less than 10 years. 6 Claim 9 points for more than 10 years. Your Future? (Where do you want to go from here?) 3 (top choice), 2 (next choice) or 1(least interested) 1 3 2 Science/Technical (Fantasy: Be a Nobel laureate) Policy/Government (Fantasy: Be Environmental Administrator) Business/Management (Fantasy: Be the next CEO of your favorite Multi-national) Your likely perspective Total 13 7 5 Survey of Disciplines

  4. What We See Natural Capital Extraction Conversion Design Artifact? Manufacture The View/Self-view The View/Self-view Distribution Use/Abuse/Reuse The View Today? The View Tomorrow? RecoveryIndustrial Ecology Acute and ChronicEntropy & Diffusion “DESIGNING TOMORROW TODAY” “Return to Sender”Natural Systems

  5. Costs Money Saves Money Makes Money What “Others” See How is Environmental Management viewed today? When thinking about Environmental Management, what does the CEO, Director see? Environmental Management: Challenge: To move the role of Environmental Management to a strategic position in the organization. Using the Lexicon of Business! Going from the “end of the pipe” to the “corner office”

  6. Environmental Management Enterprise Management Changing the Paradigm from: Supervision to “Super Vision” WASTE MANAGEMENT RESOURCE MANAGEMENT ASSET MANAGEMENT Costs Money Saves Money Makes Money

  7. Forms of Capital – Real & Virtual Natural Capital(Principal) Human Capital (Principal) Physical Capital (Principal) Financial Capital (Principal) Source Of All Other Forms Of Capital (Basis Of All Wealth) Evolved Means Of Production Of Physical Capital And Goods & Services Constructed Means Of Production Of Goods & Services Constructed Value Metric & Surrogate For Natural, Human & Physical Capital

  8. Effects of Disposition Are Products Physical Capital?

  9. Product Asset, Resource or Waste? Product as Asset--------Restoration Pre-Production Costs - Investment?Utility Transaction(s) - Annuity - ROI? Product as Resource---Mitigation In-Production Costs - Linear (Cost + Margin)Unit/Utility Transaction(s) - Sale - Possible Recovery Product as Waste--------Degradation Post Production Costs (Public) - Unit/Utility Transaction(s) Sale Acute/Chronic Disposition

  10. The Academic & Business Link Natural Capital(Principal) Resource Management Allocation Human Capital (Principal) Organizational Management Distribution Physical Capital (Principal) Production Need Fulfillment Scale Financial Capital (Principal) Metrics of Returns & reinvestment Industrial Ecology Energy Management Organizational Behavior Marketing Supply Chain Project Product Development/ Economics Accounting Statistics Resource Energy Early Supply Chain Management Practices Human Resources Marketing Practices Later Supply Chain Project /Facility Product Dev. Practices Finance Accounting General Management Practices Research Stuart MBA & E M Faculty Learning Stuart MBA & E M Programs Teaching Center for Sustainable Enterprise & Businesses Sharing

  11. WASTE MANAGEMENT RESOURCE MANAGEMENT ASSET MANAGEMENT Environmental Management ...the next phase: Sustainability or Comprehensive Enterprise Modeling where: Environmental Health = Economic Health (Wealth) (Wealth)

  12. Total Asset Management If everything that enters the enterprise system is viewed and managed as an asset, the resulting model of wealth creation is circular and contained rather than linear. The continuous dividends generated by the asset management model lead to an effectiveness that defines the next level of competitiveness in the business model, and the nature of wealth (health) in the community model.

  13. Thank You JohnPaul Kusz Stuart Graduate School of Business Jpkusz@stuart.edu Center for Sustainable Enterprise www.stuart.edu/cse

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