For this discussion, read Chapter 7 in the Capsim E-textbook, Ethics: doing it right – social responsibility and ethical decision making.
One of the goals of the Capsim competition was to give you experience in manipulating the levers of control that drive a business. However, there are ethical and social responsibilities that extend beyond a company’s need to earn a profit. If you were to compete in a Capsim competition again, how would you ensure that your team incorporates the Triple Bottom Line of financial, environmental, and social performance?
- Describe what your triple bottom line goals might look like.
- How would you measure the company’s performance toward those goals?
- How would you incorporate triple bottom line metrics using the Balanced Scorecard?
Post your initial response of at least 250 words.