Sunday
18, April 2015 1730 hrs
Triple Bottomline is a concept
that many businesses are aware of; it is also true that most businesses are not
aware of this concept and, even amongst those that are aware of, very few actually
incorporate these objectives.
So how can economic, social an
environmental goals become the normal corporate objectives of businesses? Where
have the efforts of the proponents of TBL – whether they belong to multilateral
bodies such as UN, World Bank or NGOs and academic think-tanks – failed and why
have they failed in making this as a mainstream corporate concept across both
developed and developing nations? What innovative approaches may help them
fast-track the adoption of TBL as a normal corporate objective?
Honestly I do not have answers,
but I am convinced that the answers will probably require us to go back to our
drawing boards and re-define the concept of a business-entity itself. Any ideas
on how and what will be the outcomes of such re-definitions? Please share your
views and ideas.
Have a great week ahead.
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