SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the policy that recommends that companies commit to focus on social and environmental concerns just as they do on profits.
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a company has three subsidiaries
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a company donates to three non-profit organizations
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the policy of tripling your profits every year
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Detailed explanation-1: -In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet.
Detailed explanation-2: -The Triple Bottom Line Defined. The TBL is an accounting framework that incorporates three dimensions of performance: social, environmental and financial.
Detailed explanation-3: -By definition, the triple bottom line refers to reporting that puts equal weights on social equity and environmental responsibility, as well as financial performance (the traditional, singular bottom line). In short, it comes down to three pillars: people, planet, profit.
Detailed explanation-4: -The “triple bottom line” stands for the idea that firms’ performance should not be assessed in merely economic terms, but along three dimensions: social, environmental, and economic (the “three Ps”, for People, Planet, and Profit). Since its inception 25 years ago, this idea has permeated into business practice.
Detailed explanation-5: -The triple bottom line is a business concept that posits firms should commit to measuring their social and environmental impact-in addition to their financial performance-rather than solely focusing on generating profit, or the standard “bottom line.”