Wednesday, April 22, 2020

Triple Bottom Line’ is the all-encompassing strategy for growth and sustainability.


The growth of the organization is a cycle. The organization of the growth phase should be fully concerned about the competitive advantages or the need to change in any other way within the organization. The growth of the organization should be sustainable and sustainable and be seen as a corporate social responsibility (CSR).
This approach suffers from an imbalance in which increased attention is given to the environmental pillar in relation to society (which includes the human side) three times its sustainability. On the other hand, the coherence of the three-line approach is based on the structure of the Triple Bottom line, since the concept is clearly based on a combination of social, environmental and economic guidelines.
Organizations that use experience and intelligence must provide a common environment, provide people with tools, and create a climate for learning and testing new ways of doing business in the marketplace. An institution that can collect all the information and distribute it to its employees is a huge advantage for an organization that will never know what its people know. The development of the information economy requires fundamental change in organizations and facilitates their learning, development and partnership.
As with the three basic principles mentioned above, it focuses directly on the real pillars of growth, such as people, the environment and the economy. By exploring strategic capabilities, competitive advantages and improved customer service, the author can clearly state that people, the environment and the economy are the foundation of these concepts. Burger King India can be taken as an example.
It was put out hamburger and added a masala burger to the menu and recruited local workers into the stores. Burger King created strategic capabilities using a brand name and social aspects to create and improve competitive advantages by offering local sentiment through the menu. Local recruitment is important to provide better service to clients with a focus on cultural aspects. It is clear that strategic capabilities, competitive advantages and improved customer service are pillars of organizational growth and sustainable development, but in fact they have focused on people, the environment and the economy in order to achieve sustainable development.
According to the authors view, if the organization focuses on three strategic sub-rating capabilities, competitive advantages and better customer service will be created automatically and can effectively achieve growth and sustainable development for a long time instead of focusing only on a limited period of time. If a recommendation can be issued to the author, on the basis of a critical review that strategic capacity, competitive advantages and better customer service as pillars of growth and sustainable development are outdated concepts and the Triple Bottom Line commitment is a comprehensive strategy for growth and sustainability.





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