A Triple Bottom Line Strategy Consists of People, Planet, and Profit

question 37

True/False

A triple bottom line strategy consists of people, planet, and profit.

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Definitions:

Culturally Diverse Work Force

A workforce composed of employees from a variety of different racial, ethnic, gender, cultural, and national backgrounds, enhancing creativity and problem-solving by including multiple perspectives.

Challenges

Difficulties or obstacles that require effort, strategy, and resilience to overcome.

Stakeholder Groups

Collections of individuals or organizations that have an interest, right, or ownership in a company and can affect or be affected by the business' actions.

Organization's Mistakes

Errors or miscalculations made by a business or an entity that can lead to setbacks or challenges but also offer opportunities for learning and improvement.