Triple Bottom Line and Systems Theory

Triple Bottom Line Theory

Triple Bottom Line (TBL) Theory is a contemporary approach to modern business organizations that greatly expands the scope of their focus beyond the traditional bottom line of financial profits (George & Jones, 2008; Robins & Judge, 2009). Whereas the traditional corporate business organization was designed to benefit the interests of shareholders, the TBL approach is designed around the effects of corporate activity on stakeholders, a group that includes shareholders along with people, communities, and entities outside of the corporation. More specifically, the TBL concept applies to the so-called "Three Ps" for People, Planet, and Profit (George & Jones, 2008; Robbins & Judge, 2009).

In principle, TBL dictates corporate actions and decisions in light of all of the direct, indirect, short-term, and long-term consequences on all of those who could potentially be affected by the business and interests of the organization...
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