more results from the companies, not only related with financial aspects, but social and environmental aspects, as well. These requirements make a change about the way strategic management is being done, in order to include the triple bottom line. The triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are called the three P´s: People, Planet and Profits. What is the challenge? In the past
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lead paint in toys, etc. By selecting an article that discussed a survey/competition among a broad variety of companies from over 100 countries companies, Melissa has shown that ethics are an important part of a business’s bottom line, as mentioned with the triple bottom line concept. In explaining the material found in the article, I felt that everything was extremely thorough, and after reading the article myself, I didn’t think that anything was left out or skipped that related to the content
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Example Reflective Journal |Date |Activity |Reflection | | |Unit 1: Introduction |This is the first time that I really have the opportunity to talk about and discover more about what is really sustainability. I have often | | |
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Economic Opportunity, Workplace / Human Rights, A Great Place to Work, Sustainable Agriculture, and Health / Well-Being. Overall statements around these measures are that they seem to be fairly inclusive to the industry, as well as covering the triple bottom lines three dimensions of social, environmental and economic performance. One highlight to the companies’ measures is their brief depiction of the Coca-Cola System. Through this measure, the company eludes that they are considering the products
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please review the following resources: The Story of Stuff Project AUDI's website for its 2010 Green Police Super Bowl Commercial Chapter 1 of When Principles Pay: Corporate Social Responsibility and the Bottom Line by Geoffrey Heal Overview of Triple Bottom Line Access MindEdge and complete the following
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responsibilities. Consequently, businesses must utilize natural resources carefully, and the economic growth and employment rate of businesses must be increased (“Understanding Sustainability”, n.d.). Therefore, sustainability is an aim of businesses. The Triple Bottom Line or TBL is a significant tool advocating sustainability goals. The concept of TBL emphasizes three things, which are healthy communities (people), clean environment (planet) and stable profitability (profit) (“Slaper & Hall”, n.d.). In contrast
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of TBL accounting to traditional financial accounting offers a false promise of rigor and aggregate performance measurement that is impossible given the fundamentally different types of impacts and activities relevant for sustainability. (The Triple Bottom Line-MindEdge) profit (the
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value for their customers. The management is also committed not only on effectively implementing the strategy, but also keeping it aligned with the general strategic objective (Coca Cola, 2015). 2. The company’s sustainability report follows Triple Bottom Line (TBL) and the goals also reflect the TBL. The TBL is a framework that integrates three performance dimensions including social, financial, and environmental (Slaper & Hall, 2015). The company classifies specific standard disclosures (aspects)
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CSR REPORT I-Chiao Lin Intro to Marketing Strategy 09/14/14 The writers of the book The Responsible Company, Yvon Chouinard and Vincent Stanley, state in the start of their book that there is no single company that is responsible, but they all just choose to take different procedures towards being responsible to all of their stakeholders. The book guides employees and businesses to ensure they learn their social and environmental shortcomings and act on them
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A business is defined as an organization engaged in the trade of goods, services or both to consumers. A business’s core responsibility is to earn a profit and increase the wealth of their stockholders. On the other hand a government’s role is to enforce laws, create new laws, and arbitrate conflicts to benefit the society in several ways including sustainability. Business owners whether for profit or non-profit are held accountable to the current Federal, State, and Local laws. If corporate sustainability
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