snack food company scenario B u s i n e s s F i n a n c e

You have learned a great deal this term! You can now bring so much more to the table as a strategic manager. With the knowledge you’ve gained over the last eleven weeks, you’re also better prepared to contribute to the overall success of your team, project, or business.

THIS WEEK’S DISCUSSION POST

For this week’s discussion, please respond to the following:

• What have you learned in this course and program?
• What would you have liked to learn in this class or program that was not covered?
• Share three strengths you’ve acquired or existing skills in which you’ve become more proficient during this course.

The concept behind the triple bottom line is that companies are responsible to all their stakeholders. This includes everyone involved with the company, whether directly or indirectly. It also includes the planet on which we all live. This approach views shareholders as very important stakeholders. This approach also recognizes the need for companies to consider other important stakeholders in the company, including employees, customers, vendors, and the larger community.

Before writing this week’s discussion posting, review this MindTools article, The Triple Bottom Line: Measuring Your Organization’s Wider Impact, for more details on the triple bottom line.

THIS WEEK’S DISCUSSION POST

For this week’s discussion, please respond to the following:

How would you implement the triple bottom line (people, planet, profit) concept at your chosen company, whether you are using the snack food company scenario or the company of your choice?

Keep the following format in mind as you complete this week’s discussion:

• Profit: When looking at profit from this theory’s perspective, the idea is that profits will help empower and sustain the community as a whole. Profits are more than just a benefit for shareholders. Briefly explain your approach.
• People: Describe your approach to caring about suppliers, customers, employees, and the community. For example, one way to care about employees is to provide a good working environment, training and development opportunities, and health care.
• Planet: Explain your approach to minimizing your company’s impact on the environment. For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process.