ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

INNOVATION IN ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does the “three P’s” stand for?
A
Productivity/ Public/Price
B
Productivity/ People/Price
C
Profit/People/ Planet
D
Profit/Public/ Planet
Explanation: 

Detailed explanation-1: -The 3Ps of sustainability are a well-known and accepted business concept. The Ps refer to People, Planet, and Profit, also often referred to as the triple bottom line.

Detailed explanation-2: -The TBL dimensions are also commonly called the three Ps: people, planet and profits. We will refer to these as the 3Ps. Well before Elkington introduced the sustainability concept as “triple bottom line, ‘’ environmentalists wrestled with measures of, and frameworks for, sustainability.

Detailed explanation-3: -If you want your business to succeed, you absolutely must focus on three key variables: people, process, and product. The three Ps, as they’re often called, provide the highest return for your efforts because they act as the cornerstone for everything your business does.

Detailed explanation-4: -The 3Ps (people, policies and places) framework provides a conceptual framework to make circular economy happen in cities and regions. People are at the centre of a cultural shift towards new business and governance models within a circular economy.

There is 1 question to complete.