KEY RECOMMENDATION 7

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Design and Produce Socially-Oriented

Products and Services

Design and Produce Socially-Oriented

Products and Services

Socially-oriented products serve as a mechanism to help satisfy particular consumer needs and promote greater social impact. Accessible and affordable personalised products help to meet the needs of specific segments of society. In order to promote societal well-being throughout the globe, more socially-oriented products should be designed and produced. Both private and public stakeholders can help to promote the production of these products to help foster greater well-being globally. 

It is key to improve design and production processes in order to lower the price of goods for fundamental knowledge sharing. High-technology items such as computers, tablets, and smartphones have now become fundamental tools in order to access knowledge and engage on a global scale. Products that help to promote knowledge sharing are socially-oriented in that they help to uplift, educate, and provide opportunity for all who have access to those technologies and connectivity capabilities. By creating better design and production processes for knowledge sharing goods, these products become more accessible to a wider range of peoples, breaking down barriers and making the world more interconnected and informed. Stakeholders are well advised to make socially-oriented goods that promote knowledge sharing more accessible in order to promote global connectedness and well-being. 

Further, stakeholders are also encouraged to use new manufacturing processes to improve medical care and medical technology production in order to promote global health and well-being particularly in lesser developed countries (LDCs). Socially-oriented medical products can help to alleviate communities of ailment and disease, allowing them to flourish and develop. Medical technologies are some of the most important socially-oriented products that can help to promote global well-being and increase global wealth. Manufacturing companies who choose to engage in socially-oriented medical products not only are creating powerful technology but they are also helping to create a more robust global environment.

 

Governments and public authorities are encouraged to create innovation policies and eco-systems to support companies that create socially-oriented products and processes. Socially-oriented products will have a domino effect in helping to advance global progress. Academic institutions are also encouraged to educate people regarding the importance of socially-oriented products. Furthermore, the financial sector is encouraged to create specific financial assistance for these products. If more socially-oriented products are able to be created and then produced in an affordable manner, there will be great improvements that can help to uplift all global citizens. 

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