In some cases, they have a direct vote: shareholders aligned with activist groups have been increasingly successful at forcing proxy votes on social and environmental issue" (Savitz & Weber, 2006).
Even more, politics are indirectly connected with TBL practices and stakeholders. The connection is made by stakeholders that may vote for or against candidates that favor or not the company in case, thus affecting the future activity of the company.
As mentioned above, it is difficult to make profit and protect the environment or support the community at the same time. But there may be solutions to this problem. For example, companies interested in including TBL in their Financial Reporting practices can try to find unexplored niche areas presenting opportunities of connections between social benefits and achieving profit.
For example, companies providing certain types of services may provide pro bono counseling for certain customer categories. However, there are cases in which common good and financial profit cannot coexist. or, even if a company does create certain benefits for some of its stakeholders, other categories of stakeholders might be negatively affected by the company's actions.
In cases of stakeholder conflict company managers must decide which stakeholder category will be favored in spite of others. In certain regions, environmentalists, on the one hand and antipoverty or public health activists, on the other hand, require opposite solutions to their problems (Savitz & Weber, 2006)....
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
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
triple bottom line reporting and its use in gauging the level of corporate sustainability. The concept of triple bottom line reporting is shown to be effective in ensuring that the corporate sustainability concerns are addressed and business takes account of the outcomes. This is done using a review of relevant literature in order to point out the success factors as well as the threats that face TBL reporting programs. The
Ethics Over time, various models have been developed in an attempt to bring into focus not only behavioral, but also structural ethical performance of organizations. These include the Triple Bottom Line, the Balanced Scorecard, and the Six Sigma. This text will concern itself with the Balanced Scorecard and the Triple Bottom Line. Components of the Balanced Scorecard and the Triple Bottom Line and How they Can be Utilized to Enhance Ethics
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
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