Reference no: EM132282506

The concept behind the triple bottom line is that companies are responsible to all their stakeholders, and these include everyone that is involved with the company whether directly or indirectly, as well as the planet we're all living on. This approach sees shareholders as part of the stakeholder group, but only as part of it. Please respond to the following this week: How would you implement the concept of Triple Bottom Line (People, Planet, Profit) at the Grapefruit Juice company you created? Before Responding check out these Resources: To help you address this week's discussion: Notes: • You will have three headings each focusing on each aspect of the triple bottom line as outlined below. • Check out Chapter 14: Social Responsibility & Sustainability for more information.to learn more. For week 6 discussion you will address each of 3 components as outlined below: 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, and not just represent a benefit for the shareholders. • Briefly explain your approach. People • Discuss your approach to care about suppliers, customers, community, employees. • For example, to care about employees you can provide a good working environment, training and development opportunities, healthcare, etc. Planet • Discuss your approach to minimize your impact on the environment. • An example would be to create processes to minimize waste or reduce energy usage; maybe you are using recycled materials, etc. Learn about the three Ps of the triple bottom line - People, Planet and Profit - and the impact they can have on your organization.