Week 7 Discussion Question
Question Description
How would you implement the triple bottom line (people, planet, profit) concept at your chosen company, whether you are using the snack food company scenario or the company of your choice?
Keep the following format in mind as you complete this week’s discussion:
- Profit: When looking at profit from this theory’s perspective, the idea is that profits will help empower and sustain the community as a whole. Profits are more than just a benefit for shareholders. Briefly explain your approach.
- People: Describe your approach to caring about suppliers, customers, employees, and the community. For example, one way to care about employees is to provide a good working environment, training and development opportunities, and health care.
- Planet: Explain your approach to minimizing your company’s impact on the environment. For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process.
Notes
- Textbook Chapter 14, “Social Responsibility & Sustainability,” pages 259–270, provides additional detail on this topic.
- You will use the information from this discussion post and the feedback you receive in the Social Responsibility section of your Week 8 assignment, Operations, Technology, Management, and Social Responsibility Plan (With Financials).
- Textbook Chapter 16, “The Financials,” pages 289–332.
- Your business plan.
Also review the appropriate guidelines:
- Complete all worksheets in the Business Plan Financials Excel Template using your business plan and the appropriate set of guidelines for the company, whether it is a startup company of your choosing or based on the snack food company scenario.
- If you are working with the Snack Food Company, input the applicable numbers from the guidelines.
- Completing all these worksheets will enable you to finalize the Income Statement, Cash Flow Projections, and Balance Sheet worksheets in the Business Plan Financials Excel Template.
- Attach the Business Plan Financials Excel Template to the discussion submission area and click Submit.
- To do this, choose one of these options:
- Click on the Browse the Computer button under the discussion area.
- Select the Attachment option within the discussion window.
- No additional text needed.
- To do this, choose one of these options:
Post at least one substantive comment to another student’s post. (WILL FORWARD STUDENTS POST FOR RESPONSE)
For this week discussion:
1. Provide a brief overview of your business so to clarify your company name, what business you are in, and the specific product lines or service options you offer (a list of what you sell- your sources of revenue).
2. Attach the entire completed Excel document. All worksheets must be completed using the guidelines provided (snack-food or company of choice).
Use the videos below to help you with completing the worksheets. This tutorial is also posted in the Course Info area or you can download it HERE.
Overview of the Excel document
How to complete the Setup worksheet
How to complete the Sales Projections worksheet
How to complete the Inventory worksheet
How to complete the Capital Ex worksheet
How to complete the Staff Budgeting worksheet
How to complete the Marketing Budget worksheet
How to complete the Professional Services worksheet
How to complete the Capital Investments worksheet
How to complete the Income Statement worksheet
How to complete the Cash Flow Statement worksheet
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