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1-3 Assignment Triple Bottom Line Industry Comparison

1-3 Assignment

Q Instructions Submit your assignment here. Make sure you’ve included all the required elements by reviewing the requirements and rubric. 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.

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The triple bottom line (TBL) framework appraises three likely dimensions of a company’s performance, social, financial, and environmental aspects, which should be vital to their success. The model upholds 3Ps; people, planet, and profits, which act as a facet of their increased sustainability and global success. Perhaps, the similarities between incorporating the TBL framework into both service industry and manufacturing industry operations is that the model aims to mitigate sustainability in their operations. Again, their practices adhere to set social, environmental measures while improving their profits (Hawken, 2014).