The Triple Bottom Line: How Today's Best-Run Companies Are by Andrew Savitz

By Andrew Savitz

Книга The Triple final analysis: How modern day Best-Run businesses Are Achieving... The Triple base line: How cutting-edge Best-Run businesses Are attaining financial, Social and Environmental good fortune -- and the way you could TooКниги Экономика Автор: Andrew W. Savitz Год издания: 2006 Формат: pdf Издат.:Jossey-Bass Страниц: 320 Размер: 1,8 ISBN: 0787979074 Язык: Английский0 (голосов: zero) Оценка:The Triple final analysis is the groundbreaking booklet that charts the increase of sustainability in the enterprise international and indicates how and why monetary good fortune more and more is going hand in hand with social and environmental fulfillment. Andrew Savitz chronicles either the genuine difficulties that businesses face and the cutting edge suggestions which may come from sustainability. His is a hard-line method of bottom-line basics that's re-making businesses all over the world.

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The company’s costs related to turnover (for example, unemployment insurance, severance, training, lost productivity) are 6 percent of revenues compared to the industry average of 19 percent, which translates to a savings of approximately $300 million per year, far more than needed to cover the costs of the programs. Moreover, the family-owned company is thriving in the face of competitive pressure from companies like Wal-Mart and Costco, and sees its employee retention programs as fundamental to its success.

Even such basic information as the identity of the products made in Hershey’s various chocolate plants is treated as a closely guarded company secret. And when we asked a Hershey spokesman to describe the company’s corporate responsibility programs, he replied airily, “Oh, there’s so much I could explain if I had the time . . ,” and shortly thereafter hung up the phone. Companies have legitimate reasons for keeping secrets and for confining decisions to a small circle of insiders and Wall Street bankers, as did Hershey and the trust.

When Welch retired, many of the flattering reviews referred to GE’s environmental record as Welch’s one black eye. Now Jeffrey Immelt, his successor, appears to be plotting a new course—not because he and the company are born-again environmentalists, but because being pro-environment is smart business for GE. In 2005 GE announced an initiative called Ecomagination. It is a powerful example of finding and working toward the sweet spot. 3 Ecomagination’s main thrust is to create clean technology to help GE’s customers reduce their environmental impacts, primarily carbon emissions.

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