Refer to the Case Study httpsmitsloanmiteduLearningEdgeCaseD

Refer to the Case Study:

https://mitsloan.mit.edu/LearningEdge/CaseDocs/13-149%20Nissan.Simchi-Levi.pdf

Describe how the emerging concept of the triple bottom line can be used to enhance operations management at the company. Be sure to address each component of the triple bottom line.

Solution

the triple bottom line is made up of \"Social, Economic and Environmental\" aspect and indicated by the phrase \"people, Planet and Prorfit\" phrase.

People means human capital. it implies fair and beneficial business practices toward labor and the community and the region in which a corporation conducts its business would create long term value. well being of of a corporate, its labour and other stakeholder interests are independent.

the second aspect is Planet. the natural capital. it refers to sustainable environmental practices. a company which decides to follow TBL always keep in mind that it does no harm nature or create negative environmental impact.

the third aspect is Profit. it is the reflection of economic impact the organisation has on its business activities and that too after meeting all social and environmental cost. it some how indicates real value addition a corporate made through its various activities.