Explain how would implement concept of triple bottom line

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Reference no: EM132462340

"The Triple Bottom Line"

The concept behind the "triple bottom line" is that companies are responsible to all their stakeholders. This includes everyone who is involved with the company whether directly or indirectly, as well as the planet on which we all live. This approach sees shareholders as part of the stakeholder group, but only as part of it.

please respond to the following:

Respond 1: How would you implement the concept of Triple Bottom Line (People, Planet, Profit) at the NAB company you created?

1. Profit - When looking at profit from this theory's perspective, the idea is that profits will help empower and sustain the community as a whole, and not just represent a benefit for the shareholders. (Briefly explain your approach.)

2. People - Discuss your approach to care about suppliers, customers, community, employees. (For example, to care about employees you can provide a good working environment, training and development opportunities, healthcare, etc.)

3. Planet - Discuss your approach to minimize your impact on the environment. (An example would be to create processes to minimize waste or reduce energy usage; maybe you are using recycled materials, etc.)

Reference no: EM132462340

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