A Triple Bottom Line Model

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
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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

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
the triple 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

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

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 content on Helpwriting.net ...
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

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
content on Helpwriting.net ...
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

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

Triple Bottom Line
ES_TBL_7/1
17/8/04
7:40 pm
Page 1
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
➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝
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

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 Helpwriting.net ...
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

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

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 more content on
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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

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 & Breton‐Miller, 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, & Gomez‐Mejia, 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

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 Helpwriting.net ...
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

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 Essay
Triple Bottom Line
[Name]
[Institution]
Triple Bottom Line
Introduction
company through its conventional monetary bottom 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

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 more content on Helpwriting.net ...
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

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

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

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

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
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
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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

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
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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 establishes corporate 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

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
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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

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 the triple 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

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
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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

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

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 more content on
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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

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;

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 more content on
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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

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

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:
1 Needs: High priority should be given in particular to the essential needs of the world's poor. We
cannot neglect the poor or the needy
2 Limitations: 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
company through its conventional monetary bottom 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

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 `stake´ 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

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 ...
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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
Community Planet People Econnomy
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

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.
(n.d.). The Triple Bottom Line: What Is It and How Does It Work?)"Captures the essence of
sustainability 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

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 ... Show more content on
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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

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

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 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

A Triple Bottom Line Model

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