TBL Similarities and Differences

Learning Goal: I’m working on a macroeconomics question and need guidance to help me learn.

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.

What to Submit

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.

Requirements: 350- 500 words

Recommended Readings 

Loviscek, V. (2020). Triple bottom line toward a holistic framework for sustainability: A systematic review. Revista de Administração Contemporânea25, e200017.

Varyash, I., Mikhaylov, A., Moiseev, N., & Aleshin, K. (2020). Triple bottom line and corporate social responsibility performance indicators for Russian companies. Entrepreneurship and Sustainability Issues8(1), 313.

Liute, A., & De Giacomo, M. R. (2022). The environmental performance of UK‐based B Corp companies: An analysis based on the triple bottom line approach. Business Strategy and the Environment31(3), 810-827.

de Jesus Pacheco, D. A., ten Caten, C. S., Jung, C. F., Pergher, I., & Hunt, J. D. (2022). Triple bottom line impacts of traditional product-service systems models: Myth or truth? A natural language understanding approach. Environmental Impact Assessment Review96, 106819.