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Pages:
2 pages/≈550 words
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Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

Triple Business Line in Service and Manufacturing Organization

Coursework Instructions:

Overview
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.
Guidelines for Submission
Submit this assignment as a 350- to 500-word Word document. Use the course resource or external resources to support your comparisons. Sources should be cited according to APA style.

Coursework Sample Content Preview:

Triple Business Line in Service and Manufacturing Organization
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Introduction
Triple bottom line is painstaking as to be the concepts used in businesses organization in which organizations tend to measure the environmental and social impact. It is done for the increased efficiency in the financial performance rather than just focusing and concentrating on the generation of profits or bottom line standards. There are three Ps in this business concept: profit, people, and the planet (Slaper & Hall, 2011).
The success of the organization is dependent on the financial performance of the organization in the capitalist economy. So, the business plans and effective strategies are prepared with utter care to increase profit and reduce the risk of losing finances. There should be a distinction between the stakeholders and shareholders. In the business field, shareholders are more valued as they festive to make success and increase the value of shares of the organization. The pollution caused by the industries straight into the environment has driven climate change. According to the estimation, there are 100 companies of energy sectors who are held responsible for 71 percent of all industrial pollution and emission. (Kelsey, 2020).
Importance of triple bottom line in business
Triple bottom line is essential for the business because it focuses on measuring the social, financial, and environmental performance of the company or industry. It is believed that profit over purpose by the companies and industries seem to be an idealistic approach by using the triple bottom line concept. Triple bottom line plays a succor role in environmental sustainability, social sustainability, and economic sustainability. In the modern era, the organizational and industrial business has realized its importance and now believes in the positive relationship with the community as it has a direct relation with the client and employees. (Alhaddi, 2015).
The services companies are not capable of inventorying their outputs. Different manufacturing companies cannot inventory the output as they have the production of customized products. The similarity of incorporating the triple bottom line concept in the man...
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