Examlex
3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in the Philippines. A Filipino employee explained that consumers generally clean floors by pushing coconut shells around with their feet. 3M changed the shape of the pad to a foot and sales soared. 3M changed its product in response to a Filipino
Triple Bottom Line
An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.
Economic
Pertaining to the production, distribution, and consumption of goods and services, as well as the management of money and resources in a region or country.
Social
Relating to society or its organization, or pertaining to human interactions and relationships.
Environmental
Relating to the natural world and the impact of human activity on its condition, or the surroundings and conditions in which a person, animal, or plant lives or operates.
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