TRIPLE BOTTOM LINE The triple bottom line refers to an extension of the criteria used to measure organisational success. Traditionally‚ business success (or failure) is measured in terms of its economic performance. A business is considered to be successful if it has generated a sufficient financial return from its investments‚ financing activities and operating activities. The triple bottom line takes into account three criteria for assessing organisational performance; 1. economic‚
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LINE-AND-STAFF ORGANIZATIONS Organizational structure involves‚ in addition to task organizational boundary considerations‚ the designation of jobs within an organization and the relationships among those jobs. There are numerous ways to structure jobs within an organization‚ but two of the most basic forms include simple line structures and line-and-staff structures. In a line organization‚ top management has complete control‚ and the chain of command is clear and simple. Examples of line organizations
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the company ’s reputation. The Triple Bottom Line (TBL) concept is a methodology that focuses on the 3 P ’s: People‚ Planet and Profit. It was first introduced by John Elkington in 1994 and has increasingly become a basis for business sustainability. Not only has the world ’s Green mentality influenced how companies operate but also government policies have made companies implement a different approach. Although many companies are using the TBL reporting and have reported to reduce costs due to this
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Reporting Practices and Ethics There are four elements of financial management in health care finance. Also there are generally accepted accounting principles and general financial ethical standards that health care professionals should be aware of. Some examples from two different articles reflect ethical standards of conduct and financial reporting practices and there is some significance to these examples. According to (Baker‚ 2011)‚ “The four recognized elements of financial management include
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The Red Line The story “The Red Line” by Charles Higson revolves around a woman and two men of whom one is stabbed and another becomes a murderer. All of the characters share the feeling of displacement. They all feel different from other people. The first character we meet‚ the Bob Seeger imitator‚ feel that he is different from others in his appearance and better than others when it comes to performance. “when he looked out of the window he could see people. Ugly people.”. He thinks that people
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Greyhound Lines is the intercity bus transportation company which operating on low profits and unable to meet the customer demand (Greyhound‚ 2011). Based on the case study‚ in order to reduce operating costs and improve customer service‚ reduction in employees‚ routes and services has been done. However‚ this action leads to discourtesy of customers. Besides this‚ the introduction of Trips which is mainly to resolve problems in the highly complex software actually creates lots of problems. The problems
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Abstract Goal setting is a key to achieving success in any endeavor. It is very complex to know where one is going if one does not know where to go. Everyone needs goals to be enthused‚ grow or increase performance especially with strong goals. Setting goals for example helps employees know where they need to go and how they should go about getting there. It also helps employees manage themselves. Employees should set goals that are SMART: Specific‚ Measurable‚ Achievable‚ Realistic‚ and Timely
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Leased Line:- A leased line is a private high-performance circuit leased by a common carrier between a customer and a service provider’s network. It is rented on an annual basis and usually carries voice and data or both. Leased lines are mostly used for either internet access (Internet Leased Line) or used privately between two customer sites (Point to Point Leased Line). Unlike a dial-up connection‚ a leased line is always active. Similarly unlike broadband‚ a leased line is not contended or
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Reporting Practices and Ethics Paper March 31‚ 2014 HCS/405 Instructor: Steven Larson Reporting Practices and Ethics Paper Financial Management Elements There are four elements of financial management: planning‚ controlling‚ organizing‚ and decision making. When planning the financial manager identifies the steps that must be taken in order to accomplish the organization’s objectives. The purpose is to identify objectives and then identify the steps for accomplishing these objectives
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Value Line‚ in its current form‚ was incorporated in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Co.‚ Inc. In June 2005‚ AB & Co. owned approximately 86.5% of the Company’s issued and outstanding common stock. The Company produces investment related periodical publications through its wholly owned subsidiary‚ Value Line Publishing LLC ("VLP") . VLP publishes in both print and electronic formats The Value Line Investment Survey®‚ one of the nation’s major
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