Triple Bottom Line - Essay Example

Comments (0) Cite this document
The traditional business accounting frameworks define a bottom line as the figure of net profit or loss recorded at the end of a statement of an organisation’s financial activities in terms of expenditure and revenue. Over the years, advocates of social justice as well as…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Triple Bottom Line
Read TextPreview

Extract of sample
"Triple Bottom Line"

Download file to see previous pages The triple bottom line abbreviated (TBL) is a framework of accounting that utilizing the three dimensions performance module: financial, environmental and social spheres. This negates from traditional frameworks of business reporting through the incorporation of environmental and social parameters. These parameters utilisation as measurement means have difficulties that hinder their appropriate assigning in various fields. John Elkington who coined the term in 1994, endeavoured to measure sustainability in the mid 20th century through encompassing of a new measure to evaluating performances in corporate America (Elkington 1994, p. 92).
This framework, known as the triple bottom line (TBL), involved going beyond traditional profits measuring strategies, as well as investment returns and shareholder value allowing for the inclusion of social dimensions and environmental (Elkington 1994, p. 93). Through putting emphasis on focus on comprehensive investment results, triple bottom line serves as an important support tool for goal sustainability maintenance. Triple bottom line Interest has seen growth especially in accounting in the lines of non-profit and profit oriented organisations as well as government sectors. Many firms including non-profits have incorporated TBL sustainability frameworks in performance evaluation. Similarly federal, local and state levels of governments have also adopted the modules in the management of currencies and such like activities. This paper seeks to analyse the concept of TBL while highlighting the practicability of the same in the business context on a global level through the utilisation of the diverse literature currently available on the issue.
The dimension of the TBL commonly labelled the three Ps: profits, planet and people have proven to be a vital part of business integration since their formulation by John Elkington. Even before this pioneer started the idea of TBL concept for the manipulation ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/management/1669639-triple-bottom-line
(Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words)
Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/management/1669639-triple-bottom-line.
“Triple Bottom Line Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/management/1669639-triple-bottom-line.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Implication Of The Use Of The Triple Bottom Line Approach In The Events Industry
In due course of time, it was pointed out that just judging an organization based on the profits made was not enough. An organization needed to put some effort into keeping the people associated with it happy and also needed to give back to the planet. This would be the proper judge of an organization’s success.
8 Pages(2000 words)Essay
Triple bottom line (TBL)
Triple bottom line (TBL). Triple bottom line and corporate social responsibility go hand in hand. Over the years, corporate social responsibility has been developing, in its initial stage, it involved only environmental issues but over the years, corporate social responsibility has also involved concepts on sustainability, employee welfare and social awareness.
6 Pages(1500 words)Essay
An Appraisal of the Triple Bottom Line Approach: Case Analysis of the Glastonbury Festival
The Triple Bottom Line or TBL Approach endeavors to achieve persistent sustainability of a business or an event. It entails the evaluating body to appraise an event or a business in view of the aforementioned spheres. Such analysis could help in upholding the long-term vision and objectives of a specific company or event.
8 Pages(2000 words)Essay
The Triple Bottom Line
Prior to the emergence of the TBL approach, academicians and industry practitioners grappled with finding a true measure of sustainability. The TBL approach resolved this issue. The three dimensions of the TBL approach do not have a common unit of measurement so ascertaining the sustainability performance of an organization is not straightforward.
2 Pages(500 words)Essay
The Triple Bottom Line
This was the exact way in which the implementation of TBL in my previous organization would have affected performance. This is because
2 Pages(500 words)Assignment
Triple Bottom Line
Triple bottom line is an accounting framework with three major components of performance that include social, environmental and financial (Slaper and Hall 2011). These components also assume three divisions that include people, planet, and profit. In an organization, these components are crucial for the sustainability of the organization.
1 Pages(250 words)Assignment
Critically assess the sustainability policy of a leisure/events business and create linkages to the Triple-Bottom-Line theory
This involved starting the workplace sustainability approach along with a sustainable procurement procedure. Sustainability is defined as a continuing, impartial approach of fiscal activity, ecological dependability as well as communal development. It
10 Pages(2500 words)Essay
Using examples from the hospitality industry outline the triple bottom line concept of sustainable development and discuss the contradictions that are present in this model
From this exercise, both the resort and the community benefit, this process can be expensive for firms and some opt not to take up some of the pillars especially the social responsibility since it is
2 Pages(500 words)Essay
Triple Bottom Line Approach
The 21st century challenges the businesses to fundamentally change the way the businesses operate. With upcoming issues such as depletion of the natural resources, climate changes and also energy crises have hit the organization and have demanded that attention should be paid to various aspect of a business which includes beyond the financial result.
10 Pages(2500 words)Essay
Critically evaluate the management of sustainability at Barclays through the triple bottom line, and critically comment on the c
In addition to financial performance, accountability and transparency, corporate social performance of the banking companies is also keenly watched by the stakeholders which include not only the shareholders, employees and customers but also the communities in which they operate and the government.
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Triple Bottom Line for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us