The Triple Bottom Line Model For Sustainable Tourism

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A declared goal of multiple corporations, non-profit organizations, and local/state/federal governments in the past ten to fifteen years has been sustainability. Although sustainability is a goal for many, measuring the degree to which a business is being sustainable or tracking sustainable growth can be challenging. A man by the name of John Elkington saw the need for a sustainable growth measurement system, and strove to measure sustainability by bringing to view a new outline to measure sustainable performance in corporate America. This outline, called the triple bottom line, went beyond the customary measures of shareholder value, profits, and return on investment to include social and environmental dimensions. By focusing on widespread…show more content…
It is crucial to a business that any efforts of those associated with it align with the business’s long-term goals and that they focus on continuing capacity development strategies. However, relationships with people extend beyond a business’s walls; all of the foremost stakeholder relationships need to be cultivated for long-term sustainable growth. When a business chooses to follow a triple bottom line model for strategic planning, all facets of its human resources, both internal and external, are impressively enriched. Countless businesses have found that when they do choose to follow a triple bottom line approach that there is a grander corporate status, and that the practices appeal to and help to retain the best talent. They have also seen an alignment of the business’s goals with its visions, and their efficiency progresses positively. As well as an overall clarity in approach to supply chain relationships towards accomplishing shared goals for improved efficiency and sustainability. The goal of any business is long-term sustainable growth, but, it is how a business goes about achieving long-term sustainability that matters. Having a clear and concise long-term strategy that is focused on capitalizing on profitability and sustainable growth in a gradually competitive and intricate scene is critical for a business. Although
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