Answered: Explain the triple bottom line

Business

Operations Management

Explain the triple bottom line

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section: Chapter Questions

Problem 7CRQ: Differentiate between the principle of rights and utilitarianism and between justice and...

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Question

Explain the triple bottom line

Expert Solution

Step 1:

The operations strategy of a firm is primarily concerned about carrying out daily activities so as to utilize the resources effectively to attain the goal of the firm, which is the mission of the firm. An operations strategy must integrate itself with the marketing and accounting decisions to be more efficient.

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