Question

The approach known as the _______________ assesses organizational performance according to three factors: economic, social and environmental performance

Answer 1

The answer to this question is the "triple bottom line". The approach known as the TRIPLE BOTTOM LINE assesses organizational performance according to three factors: economic, social and environmental performance. This can be also noted as TBL or 3BL and it has three main parts which are social, financial and ecological. Many organizations or companies use this to evaluate this performance.