Companies are responsible to all their stakeholders.

 

 

 

 

The concept behind the triple bottom line is that companies are responsible to all their stakeholders. This includes everyone involved with the company, whether directly or indirectly. It also includes the planet on which we all live. This approach views shareholders as very important stakeholders. This approach also recognizes the need for companies to consider other important stakeholders in the company, including employees, customers, vendors, and the larger community.

Before writing this week’s discussion posting, review this MindTools article, The Triple Bottom Line: Measuring Your Organization’s Wider Impact, for more details on the triple bottom line.

This Week’s Discussion Post
For this week’s discussion, please respond to the following:

How would you implement the triple bottom line (people, planet, profit) concept at your chosen company, whether you are using the snack food company scenario or the company of your choice?

Keep the following format in mind as you complete this week’s discussion:

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. Profits are more than just a benefit for shareholders. Briefly explain your approach.
People: Describe your approach to caring about suppliers, customers, employees, and the community. For example, one way to care about employees is to provide a good working environment, training and development opportunities, and health care.
Planet: Explain your approach to minimizing your company’s impact on the environment. For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process.
Post at least one substantive comment to another student’s post.

Notes
Textbook Chapter 14, “Social Responsibility & Sustainability,” pages 259–270, provides additional detail on this topic.
You will use the information from this discussion post and the feedback you receive in the Social Responsibility section of your Week 8 assignment, Operations, Technology, Management, and Social Responsibility Plan (With Financials

 

 

Sample Solution

the late 1700s, men were not at all equal, and this was especially true when regarding social class, and race. One of the reasons why the Constitution was written is probably because they want to set fundamental laws and give basic rights to its people in America, with hopes that people work towards common goals and achieve them at some point. Therefore, I think Socrates created the ideal city so that people can at least try to live a just life, and city. Unfortunately, though, if Socrates were to see today’s world and see our current government, I think he would categorize us with a mix of democracy and tyranny. Our current form of government is a democracy; we have freedom, and there are large numbers of people who value their material possessions and are obsessed with consuming more. However, our world today can be very dark. Murders, robberies, and crimes alike happen daily, as well as the “crime” of not caring for each other, as well as the earth. Socrates never really mentioned the world as a whole being something of importance, but I feel that if he were to see today’s world and the condition that the earth is in, including animals, I think he would think of all of us as evil creatures. We would not be seen as just, because not only do we not care for one another, even in our own communities, but we do not care about the world itself. I think our world today is filled with selfishness and an excessive desire to consume. We, Americans, may be the worst of them all just because every American consume so much. This goes for food and drink, but also for material items. We kill so many animals, trees, and destroy wildlife to further provide for ourselves; we mine for diamonds, have factories that emit toxic gases, and more. I feel that Socrates would create a brand-new city just to categorize our world today. We are what he feared of being the worst, and somehow, we are worse than his imagination. In addition, our ruler at the moment, being our president, is someone who would not be described as philosophical or wise. He is someone who got his power by campaigning and such; it was not an obdurate innate trait that he had—he actually wanted to rule. Socrates believes that those who rule do not want to rule and are rulers because they are best suited naturally. He would not be satisfied with our world today.

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