balancing financial‚ social and environmental results. Dow has incorporated a highly successful e-commerce strategy‚ not only for the benefits it can yield in business results‚ but also as part of its ongoing implementation and management of its Triple Bottom Line business model. Introduction "The ocean will be dead in seven years!" So prophesied actor Ted Danson nearly 20 years ago in the environmental Chicken Little alarm that encouraged everyone to "save the earth." Clearly‚ the ocean is still
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INTRODUCTION Triple bottom line The triple bottom line (abbreviated as "TBL" or "3BL"‚ and also known as "people‚ planet‚ profit" or "the three pillars") captures an expanded spectrum of values and criteria for measuring organizational success. For example economic‚ ecological and social. In the private sector‚ a commitment to corporate social responsibility implies a commitment to some form of TBL reporting. This is distinct from the more limited changes required to deal only with ecological
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CSR activities are now being undertaken throughout the globe. 1.1 What is corporate social responsibility? The term is often used interchangeably for other terms such as Corporate Citizenship and is also linked to the concept of Triple Bottom Line Reporting (TBL)‚ which is used as a framework for measuring an organisation’s performance against economic‚ social and environmental parameters. The rationale for CSR has been articulated in a number of ways. In essence it is about
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towards triple bottom line reporting is undisputed. Especially for many public corporates‚ there is always a separate sustainability reporting when releasing the annual reports. For small and medium businesses‚ there is also information about social and environmental effects in annual reports‚ provided to stakeholders. But there are still many challenges‚ which impede businesses addressing triple bottom line reporting. This essay will briefly discuss the major challenges of triple bottom line implementation
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its mission statement. There might be an ethics ombudsman to check that they are put into practice within firms. All the issues mentioned are part of the wider picture of corporate social responsibility. Companies have to pay attention to the triple
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Scorecard to represent Amanco’s triple bottom line objectives? He chose to develop this strategic map‚ so that his top‚ middle‚ and bottom manager can understand the directions that the company wants to go it. By developing this map‚ it is easier to adapt this strategy in the different regions and business units. Why did Salas choose to modify the traditional strategy map/BSC format? Salas didn’t think that the traditional strategy map clearly presented the triple bottom line concepts as a foundation for
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Corporate Social Responsibility CSR is a win- win opportunity for companies‚ financial investors and society at large * Corporate Social Responsibility * “CSR is about how companies manage the business processes to produce an overall positive impact on society.” Business has a responsibility to give it back to society * Corporate Social Responsibility Corporate social responsibility (CSR): * An obligation‚ beyond that required by the law and economics‚ for a firm to pursue
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Definition: What is Triple bottom line? - A stool is stable only if it has three legs The triple bottom line (abbreviated as "TBL" or "3BL"‚ and also known as "people‚ planet‚ profit" or "the three pillars”) captures an expanded spectrum of values and criteria for measuring organizational (and societal) success: economic‚ ecological and socia"People‚ planet and profit" succinctly describes the triple bottom lines and the goal of sustainability. "People" refer to employees‚ shareholders‚ customers
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conception back in 1991; owners Jeff and Kim Jordan’s beliefs embodied that of social‚ environmental‚ and cultural change (Ferrell & Hartline‚ pg.354). Staying in good practice‚ the organization adopted the triple bottom line business approach. In the article entitled‚ “The triple-bottom-line of
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stores in 62 countries; Starbucks is the premier roaster and retailer of specialty coffee in the world (Starbucks.com). This essay will analyze the mission‚ values‚ and core competencies of each organization encompassing sustainability and the Triple Bottom Line. I will address organizational similarities as well as organizational differences. Analysis Upon review of Starbucks’ and Walmart’s mission statement Walmart’s mission statement focuses on reducing costs for their customers “We save people
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