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.
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:
Post at least one substantive comment to another student’s post.
Important note: Please post a brief overview of your business with your response to this week’s discussion. Mention the company name, what business you are in and a brief overview of your products or services. This is for everyone to be reminded of what business you focus on.
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