The concept behind the triple bottom line is that companies ar
1. The concept behind the triple bottom line is that companies are
responsible to all their
stakeholders. This includes everyone involved with the
company, whether directly or
indirectly. It also includes the planet on which we all live. This
approach views
shareholders as very important stakeholders. This approach also
recognizes the need
for companies to consider other important stakeholders in the
company, including
employees, customers, vendors, and the larger community.
Before writing this week’s discussion posting, review this
MindTools article, "The Triple
Bottom Line: Measuring Your Organization's Wider Impact,"
for more details on the triple bottom
line.
This Week’s Discussion Post
For this week’s discussion, please respond to the following:
How would you implement the triple bottom line (people,
planet, profit) concept at your
chosen company, whether you are using the snack food company
scenario or the
company of your choice?
Keep the following format in mind as you complete this week's
discussion:
the idea is that profits will help empower and
2. sustain the community as a whole. Profits are more than just a
benefit for shareholders. Briefly explain your
approach.
customers, employees, and the community. For
example, one way to care about employees is to provide a good
working environment, training and
development opportunities, and health care.
impact on the environment. For example, your
company might develop a process to minimize waste or reduce
energy usage, such as using recycled materials
in its production process.
Post at least one substantive comment to another student’s post.
Notes
Sustainability," pages 259–270, provides additional detail on
this topic.
the feedback you receive in the Social
Responsibility section of your Week 8 assignment, Operations,
Technology, Management, and Social
Responsibility Plan (With Financials).
https://www.mindtools.com/pages/article/newSTR_79.htm
https://www.mindtools.com/pages/article/newSTR_79.htm