Asked by Hifza Afsheen on Sep 28, 2024

What is the primary drawback associated with the triple bottom line framework?

A) generating media interest
B) developing mission statements
C) maintaining shareholder support
D) measuring corporate performance

Triple Bottom Line Framework

This framework evaluates a company's performance in terms of social, environmental, and financial outcomes, emphasizing sustainability and corporate responsibility.

Corporate Performance

Corporate performance encompasses the evaluation of a company's financial and non-financial results, productivity, and effectiveness in achieving its strategic objectives and satisfying stakeholder expectations.

Shareholder Support

The backing or endorsement by shareholders, often shown through votes or investment that aligns with the direction or decisions of a company's management.

  • Elucidate the principles of the triple bottom line and their effect on organizational responsibility and efficiency.