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6907947
Elkington's Triple Bottom Line
Descrição
Mapa Mental sobre Elkington's Triple Bottom Line, criado por Shamil Jeeawoody em 06-11-2016.
Sem etiquetas
a-level
Mapa Mental por
Shamil Jeeawoody
, atualizado more than 1 year ago
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Criado por
Shamil Jeeawoody
mais de 7 anos atrás
56
1
0
Resumo de Recurso
Elkington's Triple Bottom Line
What was Elkington's purpose for it?
A way of thinking about a business's social responsibility and not just a method of measuring performance
What are the three main areas?
Profit
Most familiar for managers
Figures recorded in firm's financial statements
Can help sustain the broader community in which the business operates
People
Social responsibility
Managing its business to take into account the interests of society in general, especially stakeholders
Health and safety matters
Safe working environments
Financial matters
Fair pay to employees
Paying suppliers fair prices promptly
Planet
Minimise impacts of activities on environment
Actions
Reducing carbon emissions, easily measurable
Reducing wate
Sustainable sources of raw materials
Benefits of using the triple bottom line
Encourages businesses to think beyond just profit
What is it?
Management tool allowing managers to think of the repercussions of their actions not just on profits but on society and the enironment
Limitations
Profit can be quantified whereas 'people' and 'planet' can only be measured qualitatively
The conventional way on measuring performance is through profits
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