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Assessing Strengths and Weaknesses
Overall Performance
Elkington's Triple Bottom Line
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Created by
Lukas Skripka
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Cards (9)
What is the Triple Bottom Line?
A way of assessing business
performance
based on three important areas:
Profit
,
People
and
Planet
What are the three areas in Elkington's Triple Bottom Line?
Profit
People
Planet
What did john Elkington suggest?
A business'
objectives
and
strategies
should be more than just about the
bottom line
(
profits
)
What does the Elkington's Triple Bottom Line aim to measure?
The
financial
,
social
and
environmental
performance of a business over time
Which in the Triple Bottom Line is the hardest to calculate and compare?
People
What does people measure in Elkington's Triple Bottom Line?
Extent to which business is
socially responsible.
Hard to
calculate
and report
reliably
and
consistently
What does Planet measure in Elkington's Triple Bottom Line?
Impact of business on
environment
such as
emissions
and
carbon footprint
Elkington suggested that businesses should allows aim to be in the
middle
of the
Triple Bottom Line
sustainably
Elkington's
Triple Bottom Line
is a way to measure the overall business
performance
and its
strengths