1.Start your response with a brief description of your business (no more than 3 sentences). Specify your company name, what business you are in, and the specific product(s) or service (s) you plan to sell.

2.A substantive comment is at least 4-6 substantive sentences in length, sharing examples, your perspective, resources, your experience, making connections, asking questions, etc.

In your response, include:

1. A brief description of your business (name of the company, what you do, what products or services you are selling- a maximum of 3 sentences)

2. Use the 3 headings and discuss per the instructions. Specific examples of what you will do at your company are required.

People

Planet

Profit

Additional resources:

Check out these videos to see how the concept is applied at Honest Tea Company.

• “Dr. Woody Interviews Seth Goldman of HONEST Tea” (6 min 1 s)

https://www.youtube.com/watch?v=RNERSmkIUHo

• How entrepreneurs can change society - the story of Honest Tea: Seth Goldman at TEDxMidAtlantic

https://www.youtube.com/watch?v=21d7sOyVGKg

Transcribed Image Text:

The concept behind the triple bottom line is that companies are responsible to all their stakeholders. This includes everyone involved with the company, whether directly or indirectly. It also includes the planet on which we all live. This approach views shareholders as very important stakeholders. This approach also recognizes the need for companies to consider other important stakeholders in the company, including employees, customers, vendors, and the larger community. Before writing this week s discussion posting, review this MindTools article, The Triple Bottom Line: Measuring Your Organization s Wider Impact, for more details on the triple bottom line. This Week s Discussion Post For this week s discussion, please respond to the following: How would you implement the triple bottom line (people, planet, profit) concept at your chosen company, whether you are using the snack food company scenario or the company of your choice? Keep the following format in mind as you complete this week s discussion: . . Profit: When looking at profit from this theory s perspective, the idea is that profits will help empower and sustain the community as a whole. Profits are more than just a benefit for shareholders. Briefly explain your approach. People: Describe your approach to caring about suppliers, customers, employees, and the community. For example, one way to care about employees is to provide a good working environment, training and development opportunities, and health care. Planet: Explain your approach to minimizing your company s impact on the environment. For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process. Post at least one substantive comment to another student s post. The concept behind the triple bottom line is that companies are responsible to all their stakeholders. This includes everyone involved with the company, whether directly or indirectly. It also includes the planet on which we all live. This approach views shareholders as very important stakeholders. This approach also recognizes the need for companies to consider other important stakeholders in the company, including employees, customers, vendors, and the larger community. Before writing this week s discussion posting, review this MindTools article, The Triple Bottom Line: Measuring Your Organization s Wider Impact, for more details on the triple bottom line. This Week s Discussion Post For this week s discussion, please respond to the following: How would you implement the triple bottom line (people, planet, profit) concept at your chosen company, whether you are using the snack food company scenario or the company of your choice? Keep the following format in mind as you complete this week s discussion: . . Profit: When looking at profit from this theory s perspective, the idea is that profits will help empower and sustain the community as a whole. Profits are more than just a benefit for shareholders. Briefly explain your approach. People: Describe your approach to caring about suppliers, customers, employees, and the community. For example, one way to care about employees is to provide a good working environment, training and development opportunities, and health care. Planet: Explain your approach to minimizing your company s impact on the environment. For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process. Post at least one substantive comment to another student s post.

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Peppery Snack Food Company is a startup business that is ready to scale up its operations the company has Spicy potato chips and BBQ potato crisps as ... View the full answer