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    Triple Bottom Line

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    and the successful implication of Triple bottom line. However, the small and medium enterprises in Bristol also play an important role in contributing to the prize of this city. Therefore, Bearpit Social - a small coffee shop, which has been applied the business concept to have a suitable development plan as well as help Bristol develop more comprehensively. This report was written to help organisations understand more clearly about the Triple bottom line and how to implicate to improve the business

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    The Triple Bottom Line

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    Introduction In the typical business world, organisations seek to maximise profit and growth as the ‘bottom line’ in their pursuit of business survival. Such traditional methods of business accounting implemented by organisation have resulted in different types of social and environmental problems as they only measure performances in terms of economics (Gray & Bebbington 2001). For example, the performance of a manufacturing company is measured and reported solely on its monetary gain without taking

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    and the environment. Triple Bottom Line The triple bottom line is a concept for business to not only be a profitable organization to benefit the economy, but to have a social and environmental responsibility to keep a healthy balance of the concept “profit, people, and planet”. To maintain an economy that allows

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    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

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    climate change, resources depletion and social well-being sharply decreased and so on. The globalisation of operation on supply chain has a significant impact on the issue of society, economy and environment, which is regarded as overall triple bottom line. The coincidence for firms to perform its margin and apply initiatives on production and distribution is a profoundly

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    Triple bottom line- Building a roadmap for responsible and sustainable business “Champions of sustainable development like to use a triple bottom line approach based on the tripod of Ecology, Equity and Economy…” – William McDonough In the centuries earlier, a business was perceived to be efficient if it was successful in earning profits for its owners, thereby serving their pecuniary interests

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    Looking Beyond the Bottom Line

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    Looking Beyond the Bottom Line Production of "low value products" is difficult to motivate in capitalist economies, but the task can be accomplished when viewed from a broadly-defined economic perspective. The key negative aspect at issue is the fact that "low value products" detract from a company's "bottom line" profits. A company's economic value is diluted both directly and indirectly when "low value products" are under consideration. Genetic engineering is seriously confronted with these

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    Triple bottom line is defined as “a corporation’s ultimate success or health can and should be measured not just by the traditional financial bottom line, but also by its social/ethical and environmental performance” (Norman and MacDonald, 2003). There are many advantages when it comes to being a triple bottom line corporation. While incorporating the triple bottom line, you are also incorporating sustainability you’re your business. Therefore, becoming a triple bottom line corporation means it is

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    The Triple Bottom-Line Concept Explained The Triple Bottom Line (TBL) concept is a unique concept that is anticipated to develop the goal of sustainability and to measure environmental responsibility. It consists of the three Ps: Profits, People and the Planet. Together, the three Ps takes into account the use of sustainable environmental practices, measuring the social, environmental and financial strength of the firm. The Triple Bottom-Line Concept’s Best Strength and Its Worst Weakness The strength

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    p., n.d. Web. 22 Nov. 2013. John Elkington, "Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development," California Management Review 36, no. 2 (1994): 90–100. TBL "The Triple Bottom Line: What Is It and How Does It Work?" The Triple Bottom Line: What Is It and How Does It Work? N.p., n.d. Web. 21 Nov. 2013.

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