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BUSS 599.The Triple BottomLine”The concept behind the“triple bottom line” is that companies are responsible to all theirstakeholders. This includes everyone who is involved with the company whetherdirectly or indirectly, as well as the planet on which we all live. This approachsees shareholders as part of the stakeholder group, but only as part of it.Before writing your response to this week’s discussion, please review thefollowing resource for more details on the triple bottom line: https://www.mindtools.com/pages/article/newSTR_79.htmFor this week’sdiscussion, please respond to the following: Howwould you implement the concept of Triple Bottom Line (People, Planet, Profit)at the NAB company you created? Notes: Your response shouldhave three headings, each focusing on an aspect of the triple bottom line asoutlined below. Check out Chapter 14:Social Responsibility & Sustainability for more information. You will use thisweek’s information in Assignment 3: Ethics and Social ResponsibilityPlan. Keep the followingformat in mind as you complete this week’s discussion: Profit – When looking at profitfrom this theory’s perspective, the idea is that profits will help empower andsustain the community as a whole, and not just represent a benefit for theshareholders. (Briefly explain your approach.) People – Discuss your approachto care about suppliers, customers, community, employees. (For example, to careabout employees you can provide a good working environment, training anddevelopment opportunities, healthcare, etc.) Planet – Discuss yourapproach to minimize your impact on the environment. (An example would be tocreate processes to minimize waste or reduce energy usage; maybe you are usingrecycled materials, etc.) “Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”The post BUSS 599 appeared first on researchpaper101.com.BUSS 599
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