Southern New Hampshire University MGT 320 Module One Pair Discussion Rubric
Overview The purpose of this exercise is to compare and contrast the bottom-line and triple-bottom-line approaches to management. This assessment supports developing an understanding of the business and societal trends influencing publicly traded corporations to adopt new business management and leadership approaches.
Prompt Collaborate with a partner to compare bottom-line and triple-bottom-line approaches to management, evaluate their primary differences, and explore why a corporation would consider moving towards a triple-bottom-line management approach. Use the instructions and template provided in this document to guide your work.
Instructions 1. You will be assigned to collaborate with a partner for this pair discussion. 2. Determine which partner will evaluate bottom-line management and which partner will evaluate triple-bottom-line management. 3. Use Part 1 of the template that follows to complete your evaluation. All of your work on the evaluation must be entirely in your own words. 4. Review your partner's work for accuracy and completeness. Collaborate on required changes. 5. Work with your partner to answer the questions that appear in Part 2 of the template that follows. Your answers must be entirely in your own words. 6. Each partner must submit this exercise for grading.
Part 1: Evaluation Brief definition (at least 3 Two benefits of using this Bottom-line management and no more than 5 strategy sentences)
Two risks of using this strategy
Brief definition (at least 3 Two benefits of using this Two risks of using this and no more than 5 strategy strategy sentences) The triple bottom line 1. Adopting this method 1. Balancing resources asserts that instead of a can lead to high employee amongst the three company focusing solely retention as well as different areas may on their bottom line attracting top talent for become taxing, leaving (profit/loss) it should open positions. one getting less attention instead have three core than the other.
Triple-bottom-line management
Southern New Hampshire University areas of concern. That is 2. Increased brand loyalty 2. Operation costs will people, planet, and profit. as consumers tend to likely increase due to In doing so, it is believed support companies that procedures and processes that the company are doing their part to changing. This could also becomes more make a positive impact on result in shareholders or sustainable. the environment. board members being reluctant to adopt this method. Part 2: Questions 1. What are the primary differences between a bottom-line management approach and a triple-bottom-line management approach?(1-2 short paragraphs) The primary difference between the two approaches would be that bottom-line management focuses on their bottom line (i.e., net income) at the end of the month. Whereas the triple-bottom-line approach has three distinct focuses, which are people, planet, and profit. While the company obviously cares and intends to be profitable, it also aims to use its successes to give back to their employees and society as well as finding ways to make a positive impact on the environment.
2.
In your opinion, why would an organiza