Triple Bottom Line Industry Comparison

at
Categories
Tags

 

 

 

 

In this module, you have learned about the benefits, drawbacks, and overall value of using the triple bottom line (TBL) in business. In this assignment, you will take a closer look at how strategies for incorporating this framework are similar and different across the manufacturing industry and the service industry.

Prompt
Imagine you are a sustainability consultant, and you’ve been asked to create a simple handout that clarifies the similarities and differences between strategies used to incorporate the TBL into the manufacturing industry and the service industry. The handout will be provided to individuals at large and small group trainings.

Specifically, you must address the following rubric criteria:

Similarities: Explain the similarities that exist between incorporating the TBL framework into both the service industry and the manufacturing industry, and why.
Differences: Explain the differences that exist between incorporating the TBL framework into the service industry and the manufacturing industry, and why.
Example Strategies: Provide an example of a strategy that is appropriate to use across both the service and the manufacturing industries, and provide an example that is specific to either the service or the manufacturing industry when considering people, planet, or profit through the TBL framework. Include a brief explanation of what each example demonstrates.

 

 

Sample Solution

The Triple Bottom Line (TBL) is an approach to sustainability that considers economic, environmental and social impacts of business decisions. The three pillars of this model are “people, planet and profits” or “economic, ecological and social” (Hodge et al., 2020). Applying this framework is beneficial for any type of organization, regardless of sector or size. Incorporating TBL into the manufacturing industry as well as service industries has many similarities.

One similarity is that both sectors can benefit from using this framework to evaluate their operations from a holistic perspective. Implementing sustainability measures to reduce economic costs, improve environmental performance and increase stakeholder satisfaction has become increasingly important for companies all over the world (Müller-Seitz & Schmittlutz, 2017). Adopting a triple bottom line approach enables organizations to consider all three dimensions equally when making decisions about how to operate their businesses more sustainably (Kimes et al., 2019). In addition, both sectors can use TBL metrics such as carbon footprint reduction targets or employee engagement scores to track progress over time (Hanesworth & Martinov-Bennie ,2019). This encourages transparency in reporting outcomes which helps build trust with stakeholders while creating positive public relations benefits for firms( Brownell & Whiteman 2018).

Differences
Although there are many similarities between incorporating TBL into both manufacturing industries and services industries, there are also some distinct differences which should be taken into account by organizations looking to implement this approach successfully. One key difference is that because manufacturers often produce tangible outputs such as products or materials which have direct environmental impacts on air quality or water usage; they face additional challenges when considering their sustainability goals compared with service based companies who focus on providing intangible services like consultancy advice or IT support(Farrell et al., 2019). As a result it may be necessary for manufacturers introduce different strategies than those used by service providers in order meet their sustainability goals effectively such as reducing energy consumption through improved efficiency across supply chains.(Ivanova et al., 2021) . Furthermore due to typical higher labor intensity associated with manufacturing processes ; businesses within this sector need ensure that measures are put place which prioritize worker safety while ensuring equitable working conditions throughout production lines( Hettiarachchi et al., 2021 ). By contrast ,service providers may opt instead look at ways seeking out opportunities drive sustainable development through leadership positions particular areas like diversity inclusion initiatives.(Eisenberg & Kogan 2020 ).

 

 

Test and Response

Presentation and Thesis

The globe is in the focal point of an expert ached “post-Cold War progress”. This virus war progress will keep proceeding till one decade from now. There are such huge numbers of component and forces that are working amid this time. So of the elements have negative effects while a portion of the components have positive effects. The general public of free countries is broadening, the economy of the world has essentially improved starting from the turn of the “late 80’s and mid 90’s”, and a considerable lot of the specialists are anticipating quickly developing economy (Erwin, Magnuson, Parsons and Tadjdeh, 2014). From the perspective of national security, the difficulties that United States diminished arranged by scale or size they are sheltered from some other worldwide difficulties yet at the same time there are some abroad difficulties that interests of United States are confronting. In any case, other than these components and other positive development, this season of advancement remains muddled and loaded with difficulties. In the ongoing occasions, there are as yet observed perhaps erratic difficulties, a blend of social, statistic, money related, and political circumstances(Allen, 2014). It is important to confront the difficulties and reaction well to such dangers. The theory articulation is that security of a nation is essential yet the inquiry here is that how a nation makes procedures to protect its national advantages.

In this paper we will talk about the dangers and difficulties that are looked by the United States and how the United States reactions to every one of these dangers and difficulties. Besides, the paper distinguishes that how the national power instruments can be used for the wellbeing and security of the state so as to offer reaction to the recognized dangers and difficulties.

Three dangers or difficulties to United States’ interests

In the ongoing occasions, the United States’ interests are confronting numerous difficulties and dangers. A couple of the difficulties and dangers are referenced beneath:

1: Peace

America’s most prominent resource and intrigue is its kin. The general population of America are the most regarded one in the nation. Individuals living in America fabricate a country from individuals originating from al h religions, races, hues and so forth and live in harmony. The general population of America will be given harmony and they will show protect their tranquility. The security powers of America will do all the conceivable things to verify the tranquility of the nation and make the general population of America assume a vital job in the tranquility of the Alternative world as well (Erwin, Magnuson, Parsons and Tadjdeh, 2014). The nation faces a few dangers and difficulties about the flourishing as the catastrophic events are a major risk to the harmony and thriving of the nation.

2: The security of US, its kin and its Allies

Security of the country and its kin is express most duty of the military and govt. of United States. US of America is likely the most serene nation known to man. The organization of the nation has a major duty of verifying them. US is making move to make suitable methodologies for the security of its kin and the accomplices of the nation. The security of partners and accomplices of the nation is essential for the nation (Bareer, 2010)..

3: Values

It is accepted by the govt. of the United States that there are a few qualities that are all inclusive and they are attempting their best to advance these qualities. Opportunity of talking, adoring of the religion and determination of the pioneers and so on are comprehensive of these qualities. The essential establishment of United States of America is on these qualities so they become testing and threating in some cases.

The United States’ reactions to distinguished dangers or difficulties

1: Peace and Prosperity

The govt. of United States has made some suitable answers for face the harmony and success issues that the nation faces. The nation has constructed is capacity to confront and take care of the issues identified with debacles so the harmony and flourishing of the general population of United Sates could be put something aside for a long haul. Fitting laws are made to diminish the viciousness in the nation (Erwin, Magnuson, Parsons and Tadjdeh, 2014). (Wohlstetter, 2014).

2: Security

The military of United States is dynamic all the ideal opportunity for the security of the country, its kin and the accomplice and partners of the nation. The nation has a parity in the selection of new procedures and utilization of new instruments. For their unions, America stand joined with its accomplices to help them when they need their assistance in security (Wohlstetter, 2014).

3: Values

The govt. of United States acquainted a few laws with deference different religions and the estimations of the nation and different religions living in the nation. They are advancing these qualities in all around the world and doing suitable techniques to keep it protected and secure in the nation.

Suggested needs

The American Intelligence and Army are making a decent attempt to secure the interests of America and they are endeavoring hard endeavors to protect it from any risk or test. The US should make its digital quality solid as the country can be hurt by hacking its national information. It is prescribed to verify the national information of the state so as to guard it by any kind of digital hacking which is compromising nowadays (Erwin, Magnuson, Parsons and Tadjdeh, 2014). The digital weapon security is on the top need of the Unites States. US is expanding the external safe circle with the goal that nobody can risk or damage the country. The estimations of the nation ought to be remained careful by presenting new laws.

End

In the ongoing occasions, the world has swung in to a perplexing and perilous spot in light of the fact that after the virus war the forthcoming war will be digital war, a war which is extremely compromising all around. Significant dangers that are being looked by United States are security of the general population of United States, Peace and Prosperity and the qualities. The United States would should be prepared to assault to such helpless dangers so as to guard the national interests. From the perspective of national security, the difficulties that United States diminished arranged by scale or size they are sheltered from some other worldwide difficulties yet at the same time there are some abroad difficulties that interests of United States are confronting. Be that as it may, other than these components and other positive development, this season of advancement remains entangled and brimming with difficulties.

 

 

This question has been answered.

Get Answer