Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Triple Bottom Line Mony componies ore incressingly realizing the importance of not focusing exclusively on profit, but also considering people and planet when messuring
The Triple Bottom Line
Mony componies ore incressingly realizing the importance of not focusing exclusively on profit, but also considering people and planet when messuring the effectiveness of their efforts. Vorious groups, referred to as morketing stokeholders, that interact with or are impocted by merketing are key to understanding the triple bottom line. These stokeholders include: o compony's employees, customers, stockholders, and suppliers, society os a whole, the government, and others. Originally presented by John Elkington in his book, "Cannibols with Fonks: The Triple Line of st Century Business," the triple bottom line brings accountability to the various interests of marketing business stakeholders.
This octivity is important becouse marketing monogers benefit from understonding how different marketing activities can be developed and evaluated in considerstion of the triple bottom line metric
The gool of this octivity is for you to demonstrate an understonding of how specific marketing activities undertaken by o given company can be related to one or more of the three dimensions that comprise the triple botiom line metric.
Customers, employees, and other stakeholdersnot to mention shareholdersexpect companies to be sble to bolance profit gools and objectives with people and planet objectives. The triple bottom line TBL is a means of evaluating not only the financial results of the compony, but the brooder social equity, economic, and environmental considerations as well.
Hover over eoch individual item to reod its full description. Then, drog the related item to its appropriote position depending an which combinotion of the three dimensions comprising the triple bottom line it is expected to hove on influence on
People and Profit
People and Profit
People and Planet
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started