International Strategic Management Essay Example | Topics and Well Written Essays - 2750 words

International Strategic Management - Essay ExampleIn this paper, the writer examines the TBL concept, discusses its possible contribution to business and economic development and how it put up be useful to policymakers. The writer will also provide some examples of how TBL can be applied to achieve the best results for companies and individuals.By concentrating on detailed investment results about performance based on interrelated aspects of people, profits, and the planet TBL reporting can be a vital instrument to support sustainability objectives. Interest in TBL accounting has been intensifying in for-profit, government and non-profit sectors. Many enterprises and non-profit firms have implemented the TBL sustainability forge to analyse their results (Bachani and Vradelis, 201219). Interestingly, a similar approach has become popular with governments at the federal, state and local jurisdictions. TBL is an accounting model that comprises terzetto aspects of performance social , financial and environmental. This contradicts conventional reporting models because it comprises environmental and social constraints that can be difficult to allocate effective measurement techniques. The TBL aspects are also popularly known as the three Ps profits, planet, and people.Years before Elkington conceived the sustainability concept now known as TBL, environmentalists grappled with models of, and measures of, sustainability. Academic fields based on sustainability have increased significantly in the last 30 years. People involved inside and outside academic disciplines who have investigated, and practiced sustainability would concur with Andrew Savitzs general definition of TBL (Longoni, 201443). According to Savitz (201315), TBL encapsulates the floor of sustainability by gauging how an organisations activities affect the world, including its stockholder and profitability values and its human, environmental and social capital. According to scholars, the problem is n ot defining TBL