Triple Bottom Line Industry Comparison

Triple Bottom Line Industry Comparison: Manufacturing vs. Service Name of Student Course Name of Professor University Date Triple Bottom Line Industry Comparison: Manufacturing vs. Service In the modern world, sustainability is one of the most important concerns for the manufacturing and service sectors. The TBL framework best captures the analysis of the economic, environmental, and social realms. This essay will compare and contrast how the manufacturing and service industries implement the TBL framework and present certain strategies concerning both fields. Similarities in TBL Incorporation It is essential to understand that integrating the TBL framework in the manufacturing and service sectors has certain similarities. Both sectors have sustainable development strategies that provide economic growth with an understanding of sustainable economic growth, environmental protection, and social responsibility. Lately, organizations in both industries have endeavored to involve proactive environmental measures, including energy conservation, waste management, and environmentally friendly resources (Liu et al., 2017). Also, they abide by instituting and practicing humane labor standards, supporting social causes, and possessing high ethical standards. These shared objectives arise from the general strategic vision of attaining sustainable development for stakeholders...