Triple Bottom Line Notes: Definitions & Explanations PDF | Download eBooks
Study Triple Bottom Line lecture notes PDF with supply chain management definitions and explanation to study What is Triple Bottom Line?. Study triple bottom line explanation with SCM terms to review supply chain management course for online MBA programs.
Triple Bottom Line Definition:
Idea that organizations should measure themselves on social and environmental criteria as well as financial ones.
Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston
Triple Bottom Line Notes:
The expression "the triple main concern" was first begat in 1994 by John Elkington, the author of a British consultancy called Sustainability. His contention was that organizations ought to get ready three extraordinary (and very isolated) primary concerns. One is the customary proportion of corporate benefit - the "primary concern" of the benefit and misfortune account. The second is the reality of an organization's "kin account" - a measure in some shape or type of how socially dependable an association has been all through its tasks. The third is the main concern of the organization's "planet" account - a proportion of how ecologically capable it has been. The triple primary concern (TBL) in this way comprises of three Ps: benefit, individuals and planet. It means to quantify the budgetary, social and ecological execution of the partnership over some stretch of time. Just an organization that delivers a TBL is assessing the full cost engaged with working together.
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