Sociology And Triple Bottom Line Essay

Sociology and Triple Bottom Line Essay
Augusta Kamara, ENTR/MNGT 321 Section 002 1. It is appropriate to consider Envirofit to be a social enterprise because their main focus is
innovation, risk taking, and large–scale transformation to solve social problems. Envirofit is doing so by bringing sustainable clean energy solution
to solve health and energy challenges on a global level at the lowest possible cost. They are combining resources while exploring and exploiting
opportunities to create social value by stimulating social change or meeting social needs. They are meeting the needs of the present without
compromising the ability of future generations to meet that need. In this case the need is clean air. Envirofit's approach to shared value is to make a
difference by... Show more content on Helpwriting.net ...
It would be challenging to come up with a business model that would meet their triple bottom line objectives, allow for scalability, and provide the
ability to raise start–up capital. The factors that they need to take into consideration include: the market, the customer, and the competition. 3. One
of the biggest obstacles to be overcome would be developing a business model that would enable them to sell to customers in base of the pyramid
markets and meet their triple bottom line objectives. Finding a way that motorcycle drivers could afford the projected price of the kit ($220), which
is a significant money to the drivers because they make less than five dollars a day, little money saved, and little access to commercial credit. They
would also need to learn the market, manufacturing, finance, regulatory, and cultural issues that the venture would face. Another obstacle is to provide
a kit that would be commercially available, durable, and reliable. It also needs to have less power draw on the motorcycle and easy and inexpensive to
install. 4. If I was offered the opportunity to join the venture as one of its key members, I would evaluate the long term impact of the venture. If it's
something that has the potential to make significant changes in the environment especially in third–world countries, I would definitely accept the offer.
From what I read, it all sounds
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Triple Bottom Line In Tesco
Triple Bottom Line (TBL) is a concept, invented in 1994, that it has come up with the three factors that company should follow in order to become
sustainable including people, planet and profit ("Triple bottom line", 2009). In the present time, many companies are more aware of becoming a
sustainable company. This is because of the fact that many people today believe that in order for big corporations to become successful, they must try
to become sustainable. Tesco is an example of a big corporation that is currently aware of the TBL. However, it seems like there are still negative
aspects of their sustainability.
Established in the United Kingdom, Tesco is one of the biggest retailer companies that is now expanded all around the world. Tesco... Show more
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According to the article by Cardwell (2013), Tesco has said that there are over 40% of apple from Tesco that was dumped into the trash each year
which is the total of 28,000 tonnes. In addition to the article, Tesco is trying to find the solutions for this leftover products. One of their solutions is
to create an awareness campaign including advertising in order to raise an awareness to the society about this problem (Cardwell, 2013). Moreover,
Tesco has also tried to reduce electricity consumption. According to the organization that studied about people's living condition in Europe called
EMCC (2013), Tesco is responsible for 5.4 million tonnes of carbon emissions in the UK, which its main cause is due to a high electricity
consumption. Therefore, they have come up with a strategy of reducing their consumption. They have come up with a project called "Zero–Carbon
business", which its idea is to try to make as least of carbon emission as possible, even if their expense will increase (EMCC, 2013). In addition, to
EMCC (2013), one of the ways that Tesco decided to do is to work collaboratively with non–governmental organizations (NGOs) in order to invent the
new technologies that can help companies reduce their carbon emissions. However, there are still many people who believe that Tesco has not done
enough to helping the environment. According to the

Development of Triple Bottom Line Reporting and how this...
Profit seeking firms will not spend any dollar for non–value adding processing. (Smith, Thorne and Hilton, 2006) However, even with the lack of
regulation, many organisations voluntary publicly release information about their social and environmental performance. (Deegan, 2009) According to
Richard (1993) finding, investors intent to choose the company investing whether it demonstrates that is a market leadership or offer above average
growth or bring in strong management. However, there are few companies in Europe that can fulfill those criteria at that time. I believe that it is
relatively hard to be a market leader or keeping an offer above average return for the investors. Yet companies can demonstrate that they had a strong
management... Show more content on Helpwriting.net ...
Triple bottom line reporting is provides information enable the report readers to assess how sustainable an organization's operation. It evaluates the
performance of a narrow focus on the single bottom line of financial profit to an evaluation of the three bottom lines of economic, social and
environmental performance. (Deegan, 2009)
European Union (EU) released a document suggests that accounting profession to take a role in implementing costing systems that internalize many
environmental costs. According to European Commission (1992) the redefinition of accounting concepts, rules, conventions and methodology to
ensure that the consumption and use of environmental resources are accounted for as part of the full cost of production and reflected in market prices.
However, accounting professions generally ignored the issue made by the EU in 1992, because the lack of regulation requirement. (Deegan, 2009)
Global Reporting Initiative (GRI) illustrate the Sustainability Reporting Guidelines which developed by a broad range of organisations. (Deegan,
2009) According to Baumgartner and Ebner (2009), the sustainability report guidelines develop by popular example. Scientific effort is recognizable
regarding the establishment of specific sustainability strategies. Now a day, accounting professions adopt the popular example in order to guild for
providing relevance information

Triple Bottom Line Accounting Concept And Framework
Triple Bottom Line Accounting
By: Emma Juskovic
The Triple Bottom Line (TBL) accounting concept and framework was first created by John Elkington in the mid 1990's, and has since changed the
way for–profit, non–profit and government agencies measure the sustainability of their initiatives and company. The TBL framework is flexible and
can be adopted and molded based on the specific needs of an organization. The framework is comprised of three parts, which are: social (People),
environmental (Planet), and financial (Profit), commonly referred to as 3Ps. This framework does spark debate regarding the ethical problems behind
measuring, quantifying and accounting for social and environmental variables, which is often not supported by many ... Show more content on
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Businesses can prepare their own analysis for each category by obtaining numerous pieces of information, which relate to their current state as well as
knowledge about how their company's decisions and operations impact their society and environment.
Financial measures in the Triple Bottom Line accounting framework should follow the common financial accounting guidelines, Generally Accepted
Accounting Principle's, and International Financial Reporting Standard's. The financial measures in the Triple Bottom Line accounting framework
however are not under as much scrutiny as the Environmental and Social measures, though there is debate over certain ethical aspects of Financial
Accounting as a well. Financial Accounting in a business is usually not changed in a dramatic way, when a company decides to adopt the TBL
framework. Some changes that financial records might reflect include an increase in expenses related to environmental or social care, a decrease in
expenses that reflect a detriment to the society or environment (i.e. Transportation Expense), a possible increase in revenues as a result of customer
support of the adoption of TBL.
Triple Bottom Line accounting brings light to the importance of accounting for Environmental measures, as it helps a company track their ecological
footprint and make plans to improve it. A company can be profitable for several years, however if

The Bottom Line : Accounting For Revenue And Expenditure
"The Bottom Line: Accounting for Revenue and Expenditure in Intercollegiate Athletics"
Marc St–Louis
KHS 394 Sports Business
John Lisec
11 December 2014
The indirect and direct funds that collegiate institutions generate is a great deal. It is disturbing that the athletic side of any university depends more on
the student body than the institution itself. Without students taking spending money on athletic related purchases, institutions would not be able to
fund and update facilities such as new locker rooms or host bowl/championship game series. The students generally providing this income are not
student–athletes at the school. "Face of the Institution" As we all know, sports are one of the biggest revenue generators in America. Students go to
school to receive an education and get their degrees, but the experiences of attending collegiate games are memories they will never forget. Is it fair to
charge them extra in tuition to be able to attend those games and have these experiences? From an athletic side, the answer to that question may be that
students should pay more for college athletics. However, expecting a student that is barely making ends meet to fund his/her education and will most
likely graduate with student loans to pay a high price to attend collegiate games is unfair. According to the International Journal of Sport Finance
(2014)"less than one–third of Bowl Championship Series (BCS) athletic departments and none of the

The Triple Bottom Line Of Whole Foods Market
The Triple Bottom Line of Whole Foods Market
582083–3
Preparation Center For Language and Mathematics
Mahidol University International College
2015
The triple bottom line or TBL is an accounting framework that was created by John Elkington for measuring the company's sustainability in the
mid–1900s (Slaper & Hall, n.d). The triple bottom line incorporates the three dimensions of company which are people, planet, and profit or they were
called 3P (Investopedia, 2015). First, people is about measuring the company's degree of social responsibility, the second is planet, which measures the
company's environmental responsibility, and the last one is profit that measures company's economic value (The Economist, 2009). ... Show more
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People can be separated in two categories, which are employees and customers. Whole Foods gives many benefits to its employees. Whole Foods
Market creates an equal and honest work environment, which inspirit empowerment, collaboration and creativity, and team members gave 80
percent of vote on the benefits that company provides to them (Whole Foods Market, 2015). 72 percent of employees at Whole Foods Market tell
that their bosses almost always act with their care and honesty, also Whole Foods Market accepts and provides an equal employment opportunity
to all jobs applicants without considers on genders, colors, religious, and other status ("Whole Foods Market", 2015). Furthermore, Whole Foods
Market supports its employees to submit their ideas (Tkaczyk, 2011). The employees say that they have a free exchange of the ideas and
information within the organization (Great place to work, 2015). Also, Whole Foods Market is the 47th of the America's best employers (Forbes,
2015). However, Whole Foods Market has the negative effects to customers and its employees. Whole Foods Market has disregarded the
requirement of shareholders for the information on using of the toxic chemicals on the products, and its shareholders were asked to vote against
the report about toxic chemicals in its products (Bluejay, 2013). As claimed by Bill Marler, 5 people had to go to hospital because of eating E.coli
contaminated beef from Whole Foods Market in 2008 (Bluejay, 2013). Also, Whole Foods Market sold fish that are toxic in mercury, and one
customer's blood levels needed to report to the Centre of Disease Control (Bluejay, 2013). Much of Whole Foods Market's frozen fruits and
vegetables come from China where organic foods are unregulated, besides, a government does not check to make sure that they are used in the organic
methods (Bluejay, 2013). Moreover, Many people criticized Whole Foods Market for keeping

A Triple Bottom Line Model
Introduction
A triple bottom line model never merely quantifies an accomplishment or rather the wellbeing of a company through its conventional monetary bottom
line. However, it similarly measures social, ethical as well as environment performance of the company. Triple bottom line typically is an incessant
process that shall assist the company in concentrating into the performance of a more sustainable business whereas demonstrating to local communities
together with employees of that particular firm that it is not merely looking forward on profit making, but similarly a greater common good for the
company operations (Hitchcock and Willard, 2009). It is a sustainable model for business that balances financial success, community participation
together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of
the company might decrease and determine whichever harms resulting from their operations then create economic, social as well as environmental
values of that the company . It is typically outlined that any is supposed to take into account the needs of the company 's shareholders, employees,
stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is
currently turning out to be more ordinarily used across several sectors within society. Even though the notion was born outside any business

Social Responsibility And Triple Bottom Line
Introduction
The statement, "It isn't enough for a multinational corporation to be socially responsible; they must be a triple bottom line company to meet their
ethical obligations," is a brave statement on the surface. Breaking down and explaining the statement, plus providing insight to social responsibility and
triple bottom line, will help to understand the impact of the statement. In addition, the underlying outcome from social responsibility and triple bottom
line, known as wealth redistribution, will be explored.
Breaking It Down
A multinational corporation is one that does business in two or more nations around the globe. The statement emphasizes that, in an effort to adhere to
the ethical duty that is bestowed upon it, a global ... Show more content on Helpwriting.net ...
Social Responsibility The duty of social responsibility is fulfilled when the company provides selfless support to a community. The four elements of
social responsibility are financial, legal, ethical, and philanthropic, in this order of priority.
Economic responsibility is shown by being a profitable company that contributes to the wealth, jobs, and products or services of a community. A
company that is not financially viable does not add leadership or prosperity to a community. They are a drag on society and do not follow the
expectation of being a prosperous and responsible business.
Legal responsibility is shown by being a law–abiding, upstanding, and moral business. The expectation is that a company operates well within the
boundaries of legal issues, not walking the fence of breaking the law. An unlawful company is one that does not deserve to be in business.
Ethical responsibility is shown when the company encounters issues that are not guided by law, but need an appropriate and good–hearted reaction.
Whether the issue is related to the environment, people, or financial, taking the proper action gives the company the right to fully embrace the persona
of being a moral member of the community.
Philanthropic responsibility is shown through helping the community through giving. The act of giving can be in the form of providing funding for a
health cause or providing people to volunteer their time for

Triple Bottom Line
GETTING TO THE BOTTOM OF "TRIPLE BOTTOM LINE"
Wayne Norman and Chris MacDonald
Abstract: In this paper, we examine critically the notion of "Triple Bottom Line" accounting. We begin by asking just what it is that supporters of the
Triple Bottom Line idea advocate, and attempt to distil specific, assessable claims from the vague, diverse, and sometimes contradictory uses of the
Triple Bottom Line rhetoric. We then use these claims as a basis upon which to argue (a) that what is sound about the idea of a Triple Bottom Line is
not novel, and (b) that what is novel about the idea is not sound. We argue on both conceptual and practical grounds that the Triple Bottom Line is an
unhelpful addition to current discussions of corporate social ... Show more content on Helpwriting.net ...
Organisations such as the Global Reporting Initiative and AccountAbility have embraced and promoted the 3BL concept for use in the corporate
world. And corporations are listening. Companies as significant as AT&T, Dow Chemical, Shell, and British Telecom, have used 3BL terminology in
their press releases, annual reports and other documents. So have scores of smaller firms. Not surprisingly, most of the big accounting firms are now
using the concept approvingly and offering services to help firms that want to measure, report or audit their two additional "bottom lines." Similarly,
there is now a sizable portion of the investment industry devoted to screening companies on the basis of their social and environmental performance,
and many of these explicitly use the language of 3BL.^ Governments, government departments and political parties (especially Green parties) are also
well represented in the growing documentation of those advocating or accepting 3BL "principles." For many NGOs and activist organisations 3BL
seems to be pretty much an article of faith. Given the rapid uptake by corporations, governments, and activist groups, the paucity of academic analysis
is both surprising and worrisome. Our recent search of the principal academic databases turned up only about a dozen articles, mostly concentrated in
journals catering to the intersection of management and environmentalism. One book beyond Elkington 's has been

Bottom Line Recommendations Up Front
Bottom Line Recommendations Up Front: 1.While "browsewrap" can be sufficient if the terms are succinctly clear to the user, I advise we adopt the
"clickwrap" agreement prior to any access to sign–up pages in order to avoid issues of notification up front. The added costs of coding are minimal.
2.Ensure that the terms of service are clear and any material changes to the terms will contain advanced notification with an opt out clause by users able
to terminate their relationship with our service without penalty for early termination. Discussion and Reasoning As the partners of our startup draw
closer to providing a website that allows everyone across the nation to execute Over–The–Counter (OTC) trades of penny stocks free of charge, it is
imperative that we comply with recent developments concerning Terms of Service (TOS) agreements when accessing our website(s), products, and
services for our future customers and to protect the interests of this startup from costly litigation should it prevent itself. The goal of this firm is to
keep costs low in order to earn profit as well as keep costs of executing trades free for those entrusting us to serve their market trading needs. A key
effort in accomplishing the above goals is to arbitrate legal disagreements should they arise as it is a more efficient legal venue for all involve in both
time and money. Arbitration, regulated by the Federal Arbitration Act (FAA) which supersedes most state imposed limitations and held

Balancing The Four Bottom Lines
Balancing The Four Bottom Lines In Small Business There are numerous reasons why an individual decided to become an entrepreneur. Naturally, one
of the purposes of founding a business is to generate income for the entrepreneur (Hoffman & Casnocha, 2012). However, it is also understood there is
more to gauging the success of a venture than purely just the profitability, or bottom line (Hoffman & Casnocha, 2012). In a concept noted as The Four
Bottom Lines, success is gauged on more humanistic criteria (Katz & Green, 2013). The four bottom lines are referred to as The firm, Community,
Family, and Yourself (Katz & Green, 2013). The thought behind The four bottom lines concept is to measure an entrepreneur's satisfaction through the
...
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The firm. Mrs. Lopez is quite content with her little Java Hut Express. Although she never scaled the concept, the Java Hut has managed to keep it's
door open as a single location concept. The coffee shoppe's success comes despite of patches of troubled economic times for the city of Lake Elsinore.
While Mrs. Lopez was, understandably, unwilling to discuss the financials of her business, it is publicly available the enterprise nets < $500,000 USD
per year ("Manta", 2016). Community. The Java Hut Express is one of the most popular small businesses in the town of 62,000 in which it resides.
The Java Hut's owner uses her business as a soap box to display messages she finds important such as "All Lives Matters" banners and flags.
According to Mrs. Lopez this helps her feel like she is a part of the community, rather than just a fixture within it. She also employs three local high
school students, working with the youth seems to be something she enjoys. Family. Mrs. Lopez cites wanting to spend time with her family a chief
factor in determining the personal feasibility of her business. When her children were still in school, she missed getting them ready in the mornings
as the coffee shoppe requires her to be their very early in the morning. Self. Now, ten years into her business Mrs. Lopez says she finally feels the
final bottom line is shaping into place for her. She cites her long term success with the business as being self

Obedience Is the Bottom Line of Christian Life
Obedience to authority is everywhere. Whether it is a student obeying the teacher, citizens following the laws or a child obeying his or her parents,
there will always be a scenario of obedience to authority. There are different levels of obedience ranging from a group of people following their
leader, such as on a sports team, to extreme religious cults. The word obedience come from the Latin word Obaudrie, which means to listen well.
Obedience is defined as compliance to the plan; conformity to the pattern; observance of the rules; loyalty to the standards and submission to another's
will. Obedience is carrying out the given direction cheerfully and quickly. Obedience is the bottom line of the Christian life yet it plays a vital role in
the formation of character of a person. Obedience is part of the foundation of society. Without obedience, nothing would exist but chaos and confusion.
Human individuality is often undermined by the blind obedience humans feel towards those in position of power. In order for humans to maintain their
individuality and a stable society, a balance between obedience and independence must be found. To obey means doing what God says in the timing
and manner that He says to do it. We must then know what His instructions are. We cannot comply with something we do not understand. The Holy
Spirit assists us in relating God's commands to our situation and helps us determine the wise choice. The true meaning of obedience has changed over
the course of

The Pros And Cons Of The Triple Bottom Line
Continuous changes in the world's economy have forced companies to go beyond their commercial purposes and pay attention to the importance of
social actions. One of the first scholars to initiate the requirement of social initiatives for corporate enterprises was Bowen (1953). He argued that
businessmen should aim broader than just maximizing profits for shareholders and should contribute to the society as well (Carroll, 1999). Eventually,
more scholars performed research on a firm's corporate social responsibility (CSR) and tried to define this new insight. A few decades later, Elkington
(1997) introduced the term 'Triple Bottom Line" (Carroll, 1999). He referred to three dimensions that could be impacted by a company's system and
policy, ... Show more content on Helpwriting.net ...
The theory suggests that family members manage their business, not only to maximize their financial returns, but to preserve the business for future
generations (Miller & BretonвЂђMiller, 2014). Managerial decisions by a family member are said to exploit the enterprise to satisfy social
obligations and emotional preferences. For example, giving relatives privileged access to the firm and its resources (Kets de Vries, 1993). The effect
of the socioemotional wealth theory on a family firm's CSR practices differs per study. For example, amoral familism (Banfield, 1958), distrust of
outsiders (Fukuyama, 1995) and the "dark side" of the socioemotional wealth theory (Kellermanns, Eddleston, & Zellweger, 2012) negatively affect the
family firm's social practices. Family members may be more concerned with their own interests than those of others (Cruz et al., 2014). On the contrary,
some scholars suggest that family firms are more willing to invest in social activities to enhance their nonfinancial preferences (Cennamo, Berrone,
Cruz, & GomezвЂђMejia, 2012). Additionally, some scholars showed that family owned firms are more likely to adopt environment–friendly strategies
than non–family firms (Berrone, Gomez–Mejia, & Larraza–Kintana, 2010). The abovementioned gap was addressed by Cruz et al. (2014). They argue
that family firms prioritize their image and reputation. To protect their

The Bottom Line By Anne Lamott
"The bottom line is that I like my first drafts to be blind, unconscious, messy efforts; that is what gets me the best material" (Egan). Egan says that
when writing, she just lets her words flow regardless of how it may turn out, if it sounds bad, or whether it contains multiple mistakes or grammatical
errors. For Egan, getting the work done is all that matters first. Once she gets the first draft done, then she worries about critiques. The same attitude
that Egan portrays in her quote is similar to the attitude that Anne Lamott holds in her article Shifty First Drafts. Anne Lamott explicates that like all
writers, she also finds it a challenge at times to generate her first writing drafts. In her article she looks to show her audience–writers–that it's okay to
struggle with first drafts because "very few writers really know what they are doing until they've don't it". Overall, Lamott just wants writers to know
that "almost all good writing begins with terrible first efforts", so regardless of the horrible results that may surface from the first draft, writers just
need to focus on just getting any and all ideas down on paper. Connecting with her audience, Lamott uses heartfelt personal examples and experiences
alongside ethos; which aids her in offering advice via everyday word choice that is placed in a sequential order.
Throughout her work, Lamott utilizes everyday diction. She uses words such as we and you. By using the words "we" and "you" Lamott makes her
article

The Principles Of The Triple Bottom Line Principles
Triple Bottom Line Principles The triple bottom line principles are terms which layout the areas that a firm needs to satisfy in order to successfully
address its goal and become corporately sustainable. A company that fits into all triple bottom line principles should be socially responsible, profitable
and environmentally conscientious. All three areas are equally important and should complement one another. A company needs to be environmentally
responsible in order to lower their carbon footprint and maintain their working areas in good conditions. Also, they need to be socially responsible in
order to create a nurturing community that engages and retains their stakeholders. Finally, a company needs to be profitable for it to switch from... Show
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Firms should constantly be adapting their way of addressing each TBL principles in order to satisfy their clients. A sustainable company needs to
fulfill all three bottom line principles, no matter in which market it is located. Usually successful firms try to maintain equilibrium and put the same
amount of effort into all three pillars. FedEx is an example of a firm that equitably focuses on the profit, the environment and the stakeholder's. This
American courier company has rapidly expanded since it was created in 1971, in order to become a globally well–known firm. This firm tries to give
the same level of importance to every single triple bottom line pillar. Primarily, they always try to maintain their employees satisfied in order to reach a
higher level of employee loyalty and engagement. An example of their outstanding performance in this sector of the company was in January 12, 2010
when an earthquake practically destroyed Haiti. When this catastrophe happened, the American carrier company sent over one million pounds of
supplies and medicine in support for the ill Haitian citizens. Additionally, they sent thirteen helicopter charters in

Who Is The Bottom Line Of Business Is Profit And Profit...
Running Head: IS IT TRUE THE BOTTOM LINE OF BUSINESS
Is It True That The "Bottom Line" Of Business Is Profit and Profit Alone?
Helen Steinhofer
American InterContinental University
PHIL201–1603A–03
07/21/2016
Abstract
This will be an over view of ethics as it relates to business in our society. Concepts from Philosophy will seek to describe the correlation between
actions that are classified as morally right or ethical in our dealings with each other as human beings. Clear and concise examples will be given as
well as ways in which to improve upon business ethics.
Can business thrive by profit alone? Barry (2000) described Milton Friedman's short essay, in the 1970's, as extremely controversial, in which he
denied that corporate executives had any moral duty to relax the conditions of profit maximization on behalf of the wider interests of society. This
example of the "bottom line" of business has been demonstrated within the past couple of decades by publicly criticized companies, for fraudulent
activities, such as, Enron, WorldCom, and HealthSouth along with many others. These company executives were willing to sacrifice the vast majority
and greater good of society for profit gains. This mindset left many of loyal investors, consumers and employees without a sound stabilized future.
There are also many businesses that produce a high yield on their investments;

The Triple Bottom Line
no toxic substance while manufacturing the products.
b)People: people refers to human resource. Sustainable business ensures that fair practices are practiced in the organization towards employees. This
can be done by providing fair wages to employees, providing job security, providing safe environment to work etc.
c)Profit: every business main motto is to make profit. Company also should make sure that profits are earned in compliance with people and planet.
This would fetch more profit for the company in long run.
Company is not only measured in the terms of profit but also measured environmentally and socially. Triple bottom line concept is not just limited to
shareholders, it also gives importance to stakeholders or members of the organization. Not only financial needs, triple bottom line concept also takes
environmental and social requirements into consideration. The old and traditional model just focuses only on profit and benefits for the company but
triple bottom line concept proves that by just focusing on the profits company becomes unsustainable and gradually starts losing its profits over the
period of time. Therefore, triple bottom line concept justifies that if the company aims at satisfying its customers and employees, it would automatically
fetch good profits for the company. ... Show more content on Helpwriting.net ...
(n.d.). The Triple Bottom Line: What Is It and How Does It Work?)"Captures the essence ofsustainability by measuring the impact of an organization's
activities on the world including both its profitability and shareholder value and its social, human and environmental capital."
TBL can also be measured, it is measured in terms of index or in dollars but there is no proper standards universally to measure sustainability. Few
economic variables are that included in triple bottom line concept are
monthly

The Triple Bottom Line Is A Global Authority On Corporate...
If we were to ask 5 different people the definition of sustainability, we would receive 5 different answers. However, the triple bottom line is a typical
concept used often when talking about the subject of sustainability within a business. John Elkinston, a global authority on corporate social
responsibility and sustainability coined the phrase for the first time in his book 'Cannibals with Forks: The Triple Bottom Line of 21st Century Business',
in 1997. His argument was that the methods by which companies measure value should not only include financial bottom line, profit or loss but also a
social, economic and environmental one as well (John Elkington, 1997). The concept has evolved into one that often has 3 overlapping circles which
indicates that sustainability is typically defined as the place where economic success, social responsibility and environmental protection are all as
significant as each other in business. In other words, the concept of the triple bottom line mainstreams the idea of sustainability as including people,
planet and profit. It allows a business understand that a long term sustainability in an organisation requires more than just financial equity. It also helps
to clarify that when businesses consider what sustainability means for them, it doesn't mean that they had to give up the notion of financial success
(Katz, RAK., Page, AP, 2013, Pages 852–855). The public is not satisfied with organisations who mainly concentrate on short term profit

Summary Of Cheating In A Bottom-Line Economy
The Critique Money has such a high value, that someone will cheat the next person out of their hard earned money just to make themselves richer. In
"Cheating in a Bottom–line Economy" by David Callahan, he discusses the differences of how people are being cheated out of their money. A
manager of a company encourages the workers to do this to meet the economy standards. The purpose of this comes from financial determination over
integrity. Callahan gains a lot of his information from businesses such as mechanic buildings, law firms, and medical firms, to prove that people are
money driven. David Callahan discusses to his readers how there are many workers in America that are being forced to make decisions that may get
them fired just so that their company can make more money to reach economy standards. The first example he argues about is mechanics. Mechanics
try to overcharge people. Of course, there are some people who do not know anything about cars; but mechanics try to find multiple things wrong with a
person's car, when there sometimes is only one problem, hoping that the customers want notice. At the end of the... Show more content on
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I do not think that David Callahan had defined his terms clearly, because all he talks about is how people are getting cheated out of their money, but I
personally would have liked to have read more facts and information about cheating in a bottom–line economy instead of reading the arguments he
proposes against his view of the topics. Callahan, did not interpret his information fairly, he does not explain his point until the last paragraph in the
article, which I think he should have stated what he was going to talk about at the beginning of the article. When I first started reading the article, I did
not know what his point was, but as I continued reading I began to understand it

The Components Of A Triple Bottom Line
1)
A. The most frequently quoted definition of Sustainable Development states the following, "Sustainable development is development that meets the
needs of the present without compromising the ability of future generations to meet their own needs".
B. The quote is cited from Our Common Future, which is also widely known as the Brundtland Report.
C. Within sustainable development are two key concepts:
1Needs: High priority should be given in particular to the essential needs of the world's poor. We cannot neglect the poor or the needy
2Limitations: The idea that is compelled by the ever–growing technology and social organizations on the environment's capacity to meet both our
present and future needs. Resource exploitation to meet present needs is not a sustainable solution
2) (https://en.wikipedia.org/wiki/Triple_bottom_line )
A.The three components of 'Triple Bottom Line' are as follows:
1.People: Pertains to be fair i.e. seeking to provide benefit to many constituencies and not to exploit or endanger any group or community. In other
words, think also of social well–being along with personal gains
2.Planet: Minimize ecological footprints by, carefully managing consumption of energy and non–renewables while reducing manufacturing waste as
well as rendering less toxic waste back into the environment through proper disposal. In other words, managing natural resources efficiently for both
the present and future needs
3.Profit: Real economic benefit enjoyed by

The Triple Bottom Line Model
The Triple Bottom Line
Introduction
line. However, triple bottom line similarly measures social, ethical as well as environment performance of the company.Triple bottom line typically is
an incessant process that shall assist the company in concentrating into the performance of a more sustainable business whereas demonstrating to local
communities together with employees of that particular firm that is not merely looking forward on profit making, but similarly a greater common good
for the company operations (Hitchcock and Willard, 2009).
TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which
employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever
harms resulting from company's operations then create economic, social as well as environmental values of that the company. The model typically
outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients,
business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning out to be more
ordinarily used across several sectors within

Csr And How It Affects The Bottom Line
Sustainability is vital for business, now more prevalent than ever before. With the growing global concerns over the environment, taking effective and
necessary steps in implementing CSR will prove beneficial, protecting the environment while driving profits. Consumer awareness is the new growing
trend, shoppers want a better, new and improved product, information about where these products were manufactured and how production effects the
environment and the economic status of their community. We cannot continue to mass produce without regard to our social responsibility. In this
paper, I will show why there is a need for CSR and how this affects the bottom line.
INTRODUCTION
CSR is everyone's business. Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit
society, Liz Maw, CEO of nonprofit organization Net Impact, noted that CSR is becoming more mainstream as forward–thinking companies embed
sustainability into the core of their business operations to create shared value for business and society (Fallon).
Advanced technology has enabled society to become better consumers, giving us the resources required to research how products purchased are
effecting the environment, economy, communities, and where these products are produced and how they are distributed. Why Corporate
sustainability? Corporations are the fundamental cells of modern economic life and their phenomenal success in transforming

The Triple Bottom Line: Social And Economic Model
Triple Bottom Line Theory
Also opposing the economic model, Elkington (1998) opposed the economic model and coined the term "Triple Bottom Line" (TBL). The term
represents the idea that,addition of economic value is not the sole aim of businesses but also addition of social and environmental value to achieve
sustainability. Such triple bottom line is formed by the following concepts (Crane and Matten, 2004). The Triple Bottom Line (Triple p) theory has
rapidly gained recognition as a framework for measuring theperformance of the business. The actions of the firm refer directlyto anyone who is
influenced, either indirectly or directly. The primary bottom line is all about profit, for example, the bottom line is improved by increasing revenues...
Show more content on Helpwriting.net ...
Given their influential position and the enormous impact of business organizations in modern society, the purpose they should serve is discussed by
theorists in various fields. The stakeholder theory of the firm is probably the most popular and influential theory to emerging the CSR area (Stark,
1994). The stakeholder perspective argues that the interests and values of all parties that hold a stake in the organization should be taken into
consideration (De Wit &Meyer, 2002), Carroll (1989) the word `stakeВґ refers to having "an interest or a share in an undertaking". While the term
stakeholder was first recorded in the 1960s, the theoretical approach was in the main developed and presented by Freeman (1984) in the 1980s.
Several authors (Carroll, 1989; Harrison & St John, 1994; Rhenman, 1967) define stakeholders as individuals or groups who in some way affect or are
affected by the organization. Lee (2006) and Smith (2003) say that most firms understand the importance of managing relations with key stakeholders.
Firms that have been successful in this area have done more than simply issuing press releases and responding to

Triple Bottom Line
Triple Bottom Line Over the Past 30 years many steps have been taken to further understand, and develop our sustainability and the impact it has on
us, our communities, economy, social lives and future. As our understanding and knowledge continues to grow, we continue to see just how important
and closely tied our environment is to us. There have been policies made by governments all around the world in order to achieve a sustainable living
style, as well as many smaller organizations in comparison to larger meetings by world governments to come up with ideas such as the Kyoto protocol.
One such concept that has arisen is the "Triple Bottom Line" which is considered an accounting frame work that takes into consideration Social,... Show
The IBR (Indian business review) expresses that problem isn't "defining what TBL is, but to actually be able to measure it" (Timothy F. Slaper 2011,
p.1), since while profits can be measured in dollars, how can social capital, environmental health and ecological health be measured? The fact that TBL
is hard to measure becomes one of its strengths however, using an index to measure TBL, means that there is no universal standard method to
calculating the TBL, this means that it allows the user to adapt of the general framework to what is required. Over time the TBL has become more
popular as companies realise the benefits of becoming more sustainable and incorporating the Triple bottom line. Economic aspects: TBL has become
more important over time because not only does it create greater efficiency, and continue to further competitive companies it also gives companies
reason to "spark innovation" (Mitch Tyson, 2010 January 8) which in turn drive profitability as well. Environment development was stated as
development that provides needs for the current generation without hindering the next generation, the whole point of the TBL is to continue to push
our economy without the current hindrance we are creating for the next generation. One example is

Insight Into the Triple Bottom Line
1.Introduction The notion of the triple bottom line has become fashionable to be applied to management, consultation and investment over the last few
years. The trend towards greater transparency and accountability in public reporting is reflected in revealing a more comprehensive performance
which includes not only financial factor but also social and environmental ones. Despite the trend, there are still some people in mainstream sectors are
to make profit regardless of environmental and social cost, because they think there is no demand. This report seeks to define the triple bottom line and
to explain the reason why the triple bottom line is playing a more and more important role in business with different examples. 2.Definition... Show
The triple bottom line helps to cultivate employees' quality. The basic demand of quality professionals will turn from finding and solving problems to
preventing problems (Smith, 2004, p.31). That is to say, quality professionals will perform as change agents, if they want to do their jobs (Smith, 2004,
p.31).For the requirements of those professionals under the triple bottom line, they have to improve themselves more to well fulfill the requirements.
During the process of implementing the triple bottom line, those quality professionals will be front and center (Smith, 2004, p.31). The triple bottom
line provides a competitive advantage and corporations will prosper. Japanese government links the kind environmental development of products to
manufacturers, so the government encourages companies in Japan to develop and strong quality into design (Osada cited in Smith, 2004, p.26).If the
decision of a company to provide products and services with quality is put into the market and society recognize the value of it, then, the company can
take this situational advantage and finally boom up (Smith, 2004, P.26). 3.2 Social contribution The triple bottom line creates social justice and helps
investors distinguish companies. Tribble (cited in Cheney, 2004, P.14) said that the triple bottom line is finding how a company does business and that
creates social injustice. Besides the internal needs of a company, there is demand from

Petsmart Triple Bottom Line Analysis
This paper explains the history of the triple bottom line, and the different things they measure to ensure the bottom line is actuate. It also talks about
what it means for a company to follow the bottom line. Also about PetSmart and how they follow the triple bottom line, what they do in order to
make it work for them. PetSmart Triple Bottom Line This paper explains the triple bottom line which measures a company's profits, planet and people
goals. It also addresses the triple bottom line for a company? And How Pet Smart addresses the triple bottom line? Profits, Planet, People The triple
bottom line is a company concept that was introduced in 1994 by John Elkington it is a way to measure the financial, social and environmental
performance... Show more content on Helpwriting.net ...
Which resulted in Pet Smart have a Net Income of over 426 billion dollars in 2015. Pet Smart has helped the planet by making sure its suppliers to
meet the USDA requirements (Savitz, 2013), after a lot of issues they ended ties with some suppliers and found ones that took better care of their
animals (PETA, 2016). They have also established PetSmart Charities which has saved seven million animals to date, they upgraded and recycled
Hvac units from 153 store and prevented 801 metric tons of CO2 emissions (PetSmart, 2014). They have also installed a nationwide recycling program
for every store. PetSmart has help many people by starting to offer help in spaying and neutering pets of low income families in order to reduce
unplanned births which can result in unwanted pets either being abused, abandoned or murdered. PetSmart also helps educate people, also they
sponsor different organizations such as Paws for Hope, which helps children in the hospital through animal–assisted therapy program, also Canine
Companions for Independence and PetSmart teamed up and created PetSmart for Patriots to help support assisted pet therapy for veterans (PetSmart
Charities, 2016). PetSmart is a really good example of a company that follows the triple bottom line and comes out as a top company in their

Triple Bottom Line
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Chapter 1
Enter the Triple Bottom Line
John Elkington
In 1994, the author coined the term triple bottom line. He reflects on what got him to that point, what has happened since – and where the agenda may
now be headed. The late 1990s saw the term 'triple bottom line' take off. Based on the results of a survey of international experts in corporate social
responsibility (CSR) and sustainable development (SD), Figure 1.1 spotlights the growth trend over the two years from 1999 to 2001. As originator
of the term, I have often been asked how it was conceived and born. As far as I can remember – and memory is a notoriously fallible thing – there was
no single eureka! moment. Instead, in 1994 ... Show more content on Helpwriting.net ...
As we move into the third millennium, we are embarking on a global cultural revolution. Business, much more than governments or non–governmental
organizations (NGOs), will be in the driving seat. Paradoxically, this will not make the transition any easier for business people. For many it will prove
gruelling, if not impossible.
1 2 3 4 5 6 7 Markets Values Transparency Life–cycle technology Partnerships Time Corporate governance Old Paradigm Compliance Hard Closed
Product Subversion Wider Exclusive
вћќ вћќ вћќ вћќ вћќ вћќ вћќ вћќ

New Paradigm Competition Soft Open Function Symbiosis Longer Inclusive
Figure 1.2 Seven sustainability revolutions
Markets
Revolution 1 will be driven by competition, largely through markets. For the foreseeable future, business will operate in markets that are more open to
competition, both domestic and international, than at any other time in living memory. The resulting economic earthquakes will transform our world.
When an earthquake hits a city built on sandy or wet soils, the ground can become 'thixotropic': in effect, it turns to jelly. Entire buildings can disappear
into the resulting quicksands. In the emerging world order, entire markets will also go thixotropic, swallowing entire companies, even industries.
Learning to spot the market conditions and factors

The Ethical Standards Of Corporate Social Responsibility
Introduction In 2013, the American Insurance Company AIG, American International Group was ranked the worst company in corporate social
responsibility for the fifth consecutive year (Orwell, 2014). Known for its exorbitant executive salaries, "golden parachutes", and lavish management
perks during the infamous financial bailouts of 2009, AIG still struggles to regain consumer confidence (Orwell, 2014). Multiple corporations grapple
with how to meet the ethical standards of corporate social responsibility in today's global economy. Becoming a triple bottom line company would help
a business meet its ethical obligations and demonstrate its sustainability progress to stakeholders. Employing utilitarian theory of ethics to exam triple
bottom ... Show more content on Helpwriting.net ...
The legal responsibility of an organization is to abide by all laws and regulations. The expectation is for the business to follow and obey not only the
explicit version of the law but its intended purpose. The corporation's ethical responsibility is to conduct business and act in accordance with ethical
and moral values even when not required by law. The philanthropic responsibility refers to an organization's obligation to contribute to the betterment of
society through its "generosity towards the community" where it resides (Metivier & Matteson, 2015).
Triple Bottom Line
The triple bottom line (TBL) is a theory of corporate social responsibility and accounting framework that focuses on a corporation's long–term
sustainability in three different areas. It proposes that the ultimate success of a corporation depends not only on how well it performs financial but also
socially and environmentally (Norman & MacDonald, 2004). The TBL concept requires the performance in each area of sustainability be measured
independently (Metivier & Matteson, 2015).
The triple bottom line has been commonly referred to as the three Ps for profits, people, and planet (Slaper & Hall, 2011). Similarly to CSR, the
economic sustainability measure of TBL evaluates the profitability of a business. Measured primarily in dollars, the economic sustainability assesses
the variables related to the bottom line (Slaper & Hall, 2011). The social

Analysis Of Starbucks And Wal Mart Essay
Introduction
Sustainability has taken the mainstream corporate world by storm since major companies realized that sustainability is directly linked to the viability
of their long–term objectives. As sustainability is proven to be a motor of efficiency and innovation, stakeholders, investors, employees, and customers
are demanding companies to focus not only on profits but also that those profits should not come at the expense of people or the planet. Wal–Mart and
Starbucks have been early adopters of the sustainability crusade and due to their contrasting approaches towards business have developed two very
distinct sustainability models. This paper will analyze the sustainability systems implemented by Starbucks and Wal–Mart, compare their strategies,
elucidate how these organizations have created different corporate social responsibility systems, and finally determine which one of these approaches
would better support a long–term sustainability model.
Analysis
Starbucks and Wal–Mart are leaders in their respective industries. Their business models are different and these differences are in part responsible for
their contrasting approaches towards sustainability. One of the best methods to understand the divergent approaches to sustainability and thetriple
bottom line adopted by Starbucks and Wal–Mart is by analyzing and comparing the differences in their mission statements, values, core competencies,
and corporate social responsibility systems.
Mission Statements

Building A Sustainable Plan For A Business Model
Built to make profit, businesses/firms believed making money was their sole purpose–and their business model made everything subservient to money
and corporate greed. Only now, have we begun to see and understand how irresponsible we have become and those business models may make money
but they are killing the environment. Here we will look at four businesses and their different models that center around sustainability, caring about
mother earth, and still able to make money. The framework we will evaluate these organizations is through thetriple bottom line method, process
improvement, economic development, and giving back (altruism), as well as, build a sustainable plan for a company that had not implemented one in
the past and is failing to accept any environmental responsibility. Beginning with the triple bottom line approach, we see this phenomenon discards the
notion of top–line revenue/bottom–line profit and loss, we see companies are responsible for three bottom lines: people, planet and profit. Triple bottom
line companies are responsibly sustainable; they benefit the communities, facilitate the development of better products and services, and contribute to
society. The question now becomes why not every company is adjusting their business model to the triple bottom line. Companies like Patagonia are
onboard with this idea and they have been very profitable and highly regarded on Wall Street. Companies like BASF and DuPont developed well
defined that

Case Study On Quadruple Bottom Line
Quadruple Bottom Line
Abstract: – We will have look into the very brief profile of Vodafone New Zealand and McDonalds' New Zeeland and see how the company uses
Quadruple Bottom line We will also learn in what is Quadruple Bottom Line and the Triple bottom line, also comparing how the QBL differs in both
of the companies and also how QBL is different for a product and business for the organization.
Triple Bottom Line2
Before starting up with the QBL, let us know from where it originated and who is the founder of it. TBL is also a predecessor of QBL
John Elkington, is known as father of Triple bottom line, in 1994 he named it. He said instead only focusing on the finance, he emphasized on the
importance of economic sustainability, social ... Show more content on Helpwriting.net ...
Table showing the economic condition(million) Table 1 2013 2012
Revenue$1501.5$1618.7
Operating Cost$442.8$455
Employment Benefits$178$163.5
Donations`$1.05$1.7
Tax Paid$64.4$64.9
McDonalds Sustainable Development
NZD Head Quarters:302 Great South Road Greenlane, Auckland
CommunityPlanetPeopleEconnomy
McDonalds opened its first restaurant in New Zealand in the year 1976 in porirua and in 1989 they registered for new Zealand charity and in 1991
they opened one more restaurant on the queen street and the comply continued to grow and by now there are more than 150 restaurants in New Zealand
1. Community: McDonalds NZ is running a Scholarship programme with Auckland University(AUT) for the Maori students in Northland, for those
who find it very difficult for a territory education. They have helped around 70 students in getting graduated and some of them are still studying in AUT.
Company has a open door policy for sponsorships, just apply online for it no matter what size or how big

Triple Bottom Line Essay
Triple Bottom Line
[Name]
[Institution]
Triple Bottom Line
Introduction
line. However, triple bottom line similarly measures social, ethical as well as environment performance of the company.Triple bottom line typically is
an incessant process that shall assist the company in concentrating into the performance of a more sustainable business whereas demonstrating to local
communities together with employees of that particular firm that is not merely looking forward on profit making, but similarly a greater common good
for the company operations (Hitchcock and Willard, 2009). TBL is a sustainable model for business that balances financial success, community
participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as
well as issues of the company might decrease and determine whichever harms resulting from company's operations then create economic, social as well
as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company
's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through
Triple bottom line (TBL) is currently turning

Ethics Matter At An Organization Bottom Line
Ethics matter to an organization bottom line. Every organization that works in an ethical environment inspires trust among employees, customers, and
the whole population. Customers care about the reputation of the company they chose for their transactions. Ethics is also related to justice and trust.
This trust can influence the choice of customers in a market where many competitors offer the same product to potential buyers. People prefer to take
the risk to make transactions with companies they trust and that show interest in keeping morale and good values high in their workplace and practices.
The less ethical a company is, the less customers they keep, and this affect the company's bottom line.
In addition, when employees trust their organization, they are committed to their jobs and perform better. They also avoid counterproductive behaviors
that could increase costs of production. Consequently, ethics permits the company to have loyal customers, loyal employees and this decreases costs,
and increases profits for the organization.
Everlane is a good illustration of an ethical company. Michael Preysman and his team make ethic and preservation of good values a priority. First,
they promote "radical transparency" (Berfield, 2015). They are one of the few companies that reveal information about factories and foreign suppliers.
The selection of factories and suppliers is strongly dependent on integrity and interpersonal justice. One of the conditions before offering a

The Success Of Amway And The Triple Bottom Line Approach
Triple bottom line approach is an addition of the standards to measure the achievement of the firm. Conventionally, a business is considered to
successful if it has generated massive profit, but the triple bottom line approach takes into interpretation the three criteria for evaluating the success of
the firm i.e. economic, communal and environmental. Triple Bottom Line (TBL) Approach is generally defined by the 3Ps: People. Planet and Profit.
People – (The social bottom line)
Planet – (The environmental bottom line)
Profit – (The economic bottom line)
Hence TBL approach considers firm's sustainability in social community, environment and business. Triple buttons line reporting makes business
judgements and actions more clear and allows ... Show more content on Helpwriting.net ...
It makes suitable Amway products for ABOs to offer. Getting the picture right is crucial in a business that depends on building associations with people
and the more extensive groups. Amway consistently tries to grow new items in accordance with statistical surveying went for figuring out what clients
need. Its workers volunteer at diverse philanthropy associations. It has imparted $294 million to NGO's since the organization started.
The Planet
Amway produced its Global Cause Program in 2002 as the result of extensive research. Amway defines a global cause as 'a social affecting many
people around the world engaged in a struggle or a plight that warrants a charitable response. The Global Cause Program helps Amway to bring its
vision to life, declares what the organization stands for, builds trust and respect in Amway brands and establishescorporate social responsibility as a
high priority. In developing its global cause strategy, Amway also listened to what its ABOs cared about. Many favored a cause to help children. This
led to Amway's partnership with UNICEF's Immunization Plus programme. This aims to provide vaccination against the six most serious diseases
affecting children in the developing world. Amway's business image benefits from the relationship with UNICEF. UNICEF benefits from the
fundraising Amway and its ABOs

Systems Theory and Triple Bottom Line Theory: Analysis
Systems Theory and Triple Bottom Line theory AnalysisCorporations should be and could be a major force for resolving environmental and
socialconcerns in the 21st century" (Banerjee, B, 2003, p. 1).
William Ford, Jr., 2004.
The following paper will be a two–page analysis on the ways in which Systems Theory and the Triple Bottom Line Theory support each other.
According to the article entitled, "Theories of Corporate Social Responsibility," the term, Systems Theory, actually involves studying the abstract nature
and functions of systems without reference to their specific components", the author further explains that, these may be any systems "...biological,
social, or organizational". Moreover, according to the article, "The theory holds ... Show more content on Helpwriting.net ...
ReferencesNorman, W. and MacDonald, C. (2003). Theories of Corporate Social Responsibility.
"Getting to the Bottom of Triple Line Bottom." Business Ethics Quarterly. 14/2, 2003: 243–262.
Banerjee, B. (2003). The Problem with Corporate Social Responsibility. International Graduate School of Management Retrieved May 10, 2008 from
the World Wide Web: http://www.unisa.edu.au/igsb/docs/wp
–banerjee.pdfCorporations should be and could be a major force for resolving
environmental and socialconcerns in the 21st century" (Banerjee, B, 2003, p. 1).
William Ford, Jr., 2004.
The following paper will be a two–page analysis on the ways in which Systems Theory and the Triple Bottom Line Theory support each other.
According to the article entitled, "Theories of Corporate Social Responsibility," the term, Systems Theory, actually involves studying the abstract nature
and functions of systems without reference to their specific components", the author further explains that, these may be any systems "...biological,
social, or organizational". Moreover, according to the article, "The theory holds that parts of complex systems are held together by relationships such
that a small change in one part can trigger larger changes in another part or even throughout the entire system"(Norman, Wayne and MacDonald, 2003,
March p. 1).
Based upon the Theories of Corporate Social Responsibility then, it is a truism that

Sustainability Of The Triple Bottom Line
Sustainability can be defined as 'Adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while
protecting, sustaining and enhancing the human and natural resources that will be needed in the future.' (Labuschagne, et al., 2005) This essay will
look at sustainability with the view of the triple bottom line, which is in some ways expressed in this definition with 'human and natural resources'. By
looking at the triple bottom line as concept developed by John Elkington, and cited by many scholars, the essay will look at the importance of each of
the three elements (economic, social and environmental impact) to business.
The Triple bottom line, a principle largely advocated by Elkington, is considered by scholars as a fundamental if a corporation is to succeed in the
ever changing business world. It is seen to be no longer acceptable to expect success within business by only focusing on the profitability of a
company (the bottom line). However, it has been proven in several cases that a company's reputation and profitability can be damaged in an instant by
not taking into account the impact on sustainability a business decision has. For example the social issues Google and Facebook faced in the form of
'Cyber–bullying' and government censorship for data protection. (Savitz & Weber, 2013) This damage to a company's reputation already goes some
way to saying how important sustainability is to business. Today, brand image and

Triple Bottom Line
Introduction
In the 1990 's, mainly due to global warming and its effects like the "ozone layer", the world has spread the idea of the Green Movement and people
started to question organisations ' practices and their environmental, social and economic impacts. With this in mind, companies started to pay more
attention to business sustainability in order to improve the company 's reputation. The Triple Bottom Line (TBL) concept is a methodology that focuses
on the 3 P 's: People, Planet and Profit. It was first introduced by John Elkington in 1994 and has increasingly become a basis for business
sustainability. Not only has the world 's Green mentality influenced how companies operate but also government policies have made companies ... Show
Companies with different sizes and structures understand that having sustainable operations is extremely important and they do so by balancing the 3
dimensions of the TBL concept. Environmental sustainability is related to the reduction of the footprint left by the company on the environment.
Social sustainability shifts the focus to both internal communities (i.e., employees) and external ones (Pullman et al., 2009). In order to enhance their
social reputation companies engage in Corporate Social Responsibility (CSR) (Fombrun, 2005). Corporate Social Responsibility requires companies
to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record
(CBI, 2001) and, by relating the TBL concept to CSR, it can be suggested that companies not only need to engage in socially and environmentally
responsible behaviour, but, also, that positive financial gains can be made in the process (Gimenez et al, 2012).
In recent years, governments have implemented legislations that oblige companies to provide information on how they are being socially responsible.
According to the UK Corporate Governance Code the board should set the company's values and standards and ensure that its obligations to its
shareholders and others are understood and met (Financial Reporting

Positive And Negative Impact Of Triple Bottom Line
The majority of businesses today are focusing on making high profit and being well–known companies. However, in order to be a successful company,
other factors are required. Triple Bottom Line (TBL) has been a goal for many businesses, non–profit organizations, and governments over the past
decades because it promotes sustainability to those fields. It has been introduced to the world by John Elkington in the mid–1990s in order to measure
sustainability in a business (Slaper & Tanya, 2011). Triple Bottom Line or TBL is composed of three components, which are people, planet, and profit
or the 3Ps. To measure that the company is sustainable or not, we should look at the impact on each category. Hence,Best Buy Co., is one of those
organizations that use Triple Bottom Line to rate their performance. Otherwise, this essay will analyze both positive and negative... Show more content
on Helpwriting.net ...
Best Buy have numerous positive impacts on the planet such as the e–waste recycling service. The company has started e–waste recycling service since
2009, the goal is to collect one billion pounds of unwanted electronics and appliances from all customers and now, in 2015, it has setting up a new
aim, which is collecting two billion pounds of the e–waste by 2020 (Zielinski, 2014). Moreover, the company has been on a 5–year crusade in order to
reduce its carbon footprint at least 20% by 2020. Surprisingly, Best Buy has already exceeded that goal since 2010 (Grimm, 2015). These programs not
only help the environment by reducing various emissions that might cause global warming or greenhouse effect, but also save company money. Those
20% carbon reductions saved Best Buy more than $50 million this year. In addition, Best Buy not only help the environment by using less energy, but
also save customers money, which made them became one of the 2015 Energy Star Partner, organization in corporate with the Environmental
Protection Agency (Hilker,

Cheating in a Bottom Line Economy Essay
SUMMARY & CRITIQUE OF:
"Cheating in a Bottom Line Economy" (by David Callahan) In "Cheating in a Bottom Line Economy," author David Callahan explains the
fundamental reasons for the decay of simple business ethics in today's economy in order to meet bottom line standards. Callahan draws conclusions
from everyday businesses such as auto mechanic services, law offices, and even professional medical firms to prove that people will almost always
choose financial stability over integrity. The economic life in America has transformed itself into a vast land of professionals focused on achieving
"lean and mean" businesses in efforts to achieve the "American Dream," but in essence lose sense of their morals. What happens when an employee is
... Show more content on Helpwriting.net ...
Not to our surprise, the employee would almost always choose their economic stability over their integrity. It is still not easy to say that the
employee's conscious didn't warn them of the risks, the first time. It begins with just a simple upgrade tune up and then trickles to $1,000 in new
auto parts. If we look back at the Sear's auto mechanic example, a mechanic could easily convince the customer that their car needed a whole new
system because of the customer's lack of knowledge of the subject. The customer automatically assumes there is a guaranteed trust commitment to
their service, but in turn gets fooled. The evidence unearthed by investigators found nearly identical reports of cheating at one Sears auto repair shop
after another. The art of deception played a key role in fooling customers. The "ordinary people" at the New York City law firms were bound by an
oath to abide a rigorous code of ethics (Callahan 33). Though these lawyers dealt with legal affairs of America's largest companies, they were faced
with not meeting year end billing requirements. In the most desperate cases of being downsized, lawyers turned to padding their hours by simply
making up the numbers. They rounded up their hours and added in miscellaneous hours which was described as the "new math" (Callahan 39). "Let me
tell you how you will start acting unethically...One

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