Triple Bottom Line and Systems Theory
Triple Bottom Line Theory
Triple Bottom Line (TBL) Theory is a contemporary approach to modern business organizations that greatly expands the scope of their focus beyond the traditional bottom line of financial profits (George & Jones, 2008; Robins & Judge, 2009). Whereas the traditional corporate business organization was designed to benefit the interests of shareholders, the TBL approach is designed around the effects of corporate activity on stakeholders, a group that includes shareholders along with people, communities, and entities outside of the corporation. More specifically, the TBL concept applies to the so-called "Three Ps" for People, Planet, and Profit (George & Jones, 2008; Robbins & Judge, 2009).
In principle, TBL dictates corporate actions and decisions in light of all of the direct, indirect, short-term, and long-term consequences on all of those who could potentially...
This would justify the introduction of complex, nuanced and creative correlations into any number of fields. For instance, this would change the discourse on organizational theory, a context in which reductionism governed industrial era thinking. The Systems Theory offered a counterpoint to the simplification of certain labor and resource approaches, helping to pave the way for the prospects of labor improvement and, increasingly, sustainability. Indeed, the Systems Theory is
Social and Environment Justice The triple bottom line covers both the social and environmental dimensions. Justice might be a vague concept but it is one of those "you know it when you see it" ideas, for which any company can and should develop specific metrics. Social justice can be focused along three dimensions -- the supply chain, the internal and the external. The supply chain is given special treatment among external
triple bottom line goes beyond measuring profits, and seeks to be a new measure of performance in corporate America. There are three dimensions of performance: social, environmental and financial (Slaper & Hall, 2011). The financial element of the triple bottom line encompasses the traditional financial measures, for example profits, margins and market shares. These remain as vital measures within the TBL concept. What the TBL does is expand on the
Marketing Triple Bottom Line How must marketing strategy and implementation be adjusted/conducted to position a product for the 21st century consumer, and succeed within the new internal/external environmental forces associated with BSR? The usual way to gauge the achievement of a company is its bottom line. But the idea of a triple bottom line, where social and environmental aspects are measured along with economic ones, is also getting a lot of notice
Sustainability and the Triple Bottom Line Apple Incorporated is employing a number of different approaches and practices to address sustainability. It takes particular and independent cognizance of the societal and environmental sustainability issues. These unveiled practices and processes can be assessed by utilizing the Triple Bottom Line theory. With respect to the society, Apple Inc. has espoused the following practices pertaining to sustainability. The suppliers of Apple Inc. have to consent and adhere
Open Systems ISA, Inc. Due to the delay of my understanding, I was able to complete the writing but haven't inserted the APA footnotes yet. I'm doing that now but I opted to upload the text first. I will use the message system and provide you with another version with the footnotes shortly. Sorry, but I wanted to show you it would be ready pretty close to the due date and
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