The Triple Bottom Line

Question: ExplainSustainability, the Triple Bottom Line business. Answer: Sustainability, the Triple Bottom Line business The experience I had as a manager in a leading fashion brand was quite overwhelming. The sustainability quotient was present among the mindset of the organization, but what the organization lacked was certainly implementation of those policies. The TBL or triple bottom line is the measurement of sustainability parameters which can be quantified as well as improved upon (Luo, 2013). The TBL is understood to be the direct manifestation of the Corporate Balanced Scorecard. The three aspects are namely the three P's: Profit, People, and Planet. The role of profit in sustainable development in business The profit is the raw financial inspiration that motivates the business (Jurburg, Viles, Tanco, Mateo, 2016). The profit has the most important role to play in all aspects of the business needs and accomplishments. I used to see that a large profit drives the motivation of the company and the management core group's level of confidence to the peak. The company used to reap the harvest in third world markets mainly, which included about 95 percent of their business. The company, when reaping and drawing huge profits, the leadership was motivated to implement the other aspects of sustainability aspirations of the company.The People prospect of an organization as a tool of sustainable developmentThe People factor is the strength and backbone of the organization and is integral to the stability and survival of the company. To properly enhance the quality of the People of the organization, the business had to part with some of its profits The Company had developed intricate systems of em ployee appraisal policies and had set up development programs and wellness facilities for the employees. A part of the revenue was dedicated to the cause of social responsibility and social projects (Stern, 2010). Environmental safeguards and its implications in business The third and a very crucial aspect of measuring the sustainable progress of an organization is to quantify the environmental protection policies implemented by the company ("Recent Safety and Environmental Protection", 2009). Our company had a major conscience issue regarding this aspect. PETA had been since long, advocating against our animal-friendly products. The company's major products and cosmetics were sourced from animal by-products. A company involved in this sector of business often faces this challenge, whether or not to terminate the low-cost animal protein usage against the ghastly prospect of using synthetic laboratory-made products. The company suffered major setbacks since the company leadership was reluctant in using the animal products and a major rehaul of operations was ordered. The profitability index also suffered. The Five Forms of Capital used in business The Natural Capital: Companys natural resources were the employee and the customers. The natural income sources also include dealerships which were actively involved in the promotion and sales of the companys products. The impact of these factors was responsible for the tremendous success and growth of the organization (Rao Simmer, 2011).The Social Capital: Our Company had a bright and happy work culture with multiple layers of communication among various departments and processes. The company had initiated the growth of cultural value, and that was responsible for developing a culture of trust among employees and managers.The Human Capital: It has impacted the organization and its business prospects in successive years of operation. The Human capital and health of employees or labors were a reason of primary concern for the leadership and Human Resource teams. The output of production was directly impacted by the human capital turnover.The Manufactured capital suffered a major setb ack due to heavy engineering upgrades and overhaul of the machinery. This impacted production and labor learning rates were severely compromised (Gervais, 2013).The outcome of the presence of financial capital is huge in an organizations perspective. It motivates the leadership in expanding their business and operations. Dunphy Sustainable Scale markings The company was apprehensive at the initial stages about the act of rejection in unexplored markets, which marks the first stage of Rejection of the model. The company ran surveys using first hand and third party sources and was still hesitant in making inroads to the Asian market (Meng, 2016). Dealerships in those nations willing to expand under the ambit of the company's products persuaded the company to invest time and effort in developing the markets. This act of setting foot in an unexplored market marked the era of success for the company in the overseas market.The company faced minor glitches along the way and learned from their mistakes and rapidly updated their strategies to capture those markets. The company increased its efforts in enhancing the efficiency of their operations. The company started reaping the harvest of profit and consecutively improved their services to meet the objectives of sustainable progress both internal and external to the organization.Successful im plementation of sustainable policies of doing business in our organizationThe company had been hesitant at the beginning in implementing the ideal strategy of doing business. The urge and need for better managing the organization sought out progressive paths for attaining sustainable progress within the organization. The corporate scenario of the organization demanded more transparency and trust-building within the workplace. The company after achieving its first ever financial breakthrough started thinking about sustainable progress. The implementation aspect was well taken care of when the companys treasury was buoyed by the harvest of profits at a global level. The company urged its sources to reduce their carbon footprint and employ measures to safeguard the sanctity of the environment (Bhutia, 2012). The company had insisted all its suppliers to be held responsible for any breach of policy, set by the company. The company formulated a set of ethics and code of conduct procedure s for all their employees and subsidiaries. These sympathetic and just actions of the company had been instrumental in earning the company a position of respect and trust of the customer. The customer base also increased due to the goodwill of the enterprise. The company had terminated contracts and orders of the suppliers including dealerships who were found violating these policies. References Bhutia, D. (2012). Independent People's Tribunal on Dams, Environment Displacement. New Delhi: Human Rights Law Network.Gervais, M. (2013). Technological learning and labor market dynamics. Cambridge, Mass.: National Bureau of Economic Research.Jurburg, D., Viles, E., Tanco, M., Mateo, R. (2016). What motivates employees to participate in continuous improvement activities?. Total Quality Management Business Excellence, 1-20. https://dx.doi.org/10.1080/14783363.2016.1150170Luo, Z. (2013). Mechanism design for sustainability. Dordrecht: Springer.Meng, J. (2016). Asian emerging-market currencies in the international debt market (19942014).Journal Of Asian Economics, 42, 20-32. https://dx.doi.org/10.1016/j.asieco.2015.11.002Rao, S. Simmer, K. (2011). World Health Organization growth charts for monitoring the growth of Australian children: Time to begin the debate. Journal Of Paediatrics And Child Health, 48(2), E84-E90. https://dx.doi.org/10.1111/j.1440-1754.2011.02214.xRecent Safety and Environmental Protection. (2009). Process Safety And Environmental Protection,87(4), 281-282. https://dx.doi.org/10.1016/s0957-5820(09)00060-3Stern, B. (2010). The new social studies. Charlotte, N.C.: Information Age Pub. Inc.