Answer to Question #238052 in Management for Nicholas

Question

Provide guidelines to Blueline Luxury Yachts as to how they can implement the triple
bottom line as an approach to corporate social responsibility. Again, you need to make
your answer applicable to the case study.

Answer 1

• The triple bottom line is a transition framework for companies and other organizations to guide them toward a more regenerating and ecological future.
• Measure, benchmark, establish objectives, develop, and ultimately develop toward more sustainability systems and models using tools from the triple bottom line.
• The triple bottom line shows that if an organization is just concentrated on profit while disregarding individuals and the environment, it will be unable to compensate for the whole cost of doing business and, hence, fail in the long run.