Difference between revisions of "Triple bottom line"
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:[[Triple bottom line]]. Evaluating a company's performance not only by its ability to generate economic profits, but also by its impact on people and on the planet. | :[[Triple bottom line]]. Evaluating a company's performance not only by its ability to generate economic profits, but also by its impact on people and on the planet. | ||
According to the [[Strategic Management by Parnell (4th edition)]], | According to the [[Strategic Management by Parnell (4th edition)]], | ||
| − | :[[Triple Bottom Line]]. The notion that firms must maintain and improve social and ecological performance in addition to economic performance. | + | :'''[[Triple Bottom Line]]'''. The notion that firms must maintain and improve social and ecological performance in addition to economic performance. |
[[Category: Strategic Management]][[Category: Accounting]][[Category:Articles]] | [[Category: Strategic Management]][[Category: Accounting]][[Category:Articles]] | ||
Revision as of 21:34, 5 September 2020
Triple bottom line is the concept that businesses shall care about their impact on people and on the planet all along about their monetary profits.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Triple bottom line. Evaluating a company's performance not only by its ability to generate economic profits, but also by its impact on people and on the planet.
According to the Strategic Management by Parnell (4th edition),
- Triple Bottom Line. The notion that firms must maintain and improve social and ecological performance in addition to economic performance.
