triple bottom line
What triple bottom line means in Business A-Level, as defined for AQA.
Definitions of triple bottom line
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Reference: AQA
Elkington's framework asks a firm to report against money, people and the planet together, accepting that a gain on one line can be a loss on another.
Elkington's three columns of profit, people and planet.
John Elkington's (1994) framework arguing that business success should be measured across three dimensions: Profit (economic value), People (social impact), and Planet (environmental impact).
Topics that use triple bottom line
- Analysing the existing internal position of a business to assess strengths and weaknesses: overall performance (AQA A-Level)
- Mission, corporate objectives, functional objectives and strategy (AQA A-Level)
- Problems with strategy and why strategies fail (AQA A-Level)
Related terms
- balanced scorecard
- organisational culture
- resistance to change
- short termism
- time horizon
- Ansoff's Matrix
- capacity utilisation and productivity
- conflicting objectives
Using triple bottom line in the exam
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