ISO 50001 Energy Management Systems: What Managers Need to Know About Energy and Business Administration

Managers and academia targeting energy performance improvements have a valuable tool in ISO 50001 Energy Management Systems, which allows for a certification after third-party audits. Business managers may reduce costs and fully tap the strategic potential of energy as a competitive factor. Academic lecturers can introduce energy in their specific field of teaching and research, helping their students to be successful. Students get a unique selling proposition being endowed with this cutting-edge expertise when applying for a job. The book provides an overview of energy and business administration as an evolving field, outlining the theoretical framework supported by practical examples. Energy oriented business administration involves - accountancy: linking technical energy reviews to cost- and revenue accounting, - operations, procurement, and supply chain management: implementing "demand side management" profiting of volatile electricity costs at the exchange, - managerial accounting: supporting decisions by energy performance indicators, making use of smart metering, business intelligence, and in-memory databases, - strategic planning and CSR: outpacing competitors while living up to ethical values.