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ISM Exam LEAD Topic 4 Question 8 Discussion

Actual exam question for ISM's LEAD exam
Question #: 8
Topic #: 4
[All LEAD Questions]

A company develops a scorecard to measure performance. The scorecard has the following criteria:

1. Profitability

2. Amount of taxes paid

3. Charitable contributions/activities

4. Average hours of employee training

5. Amount of waste sent to landfills

6. Safety incident rates

This scorecard is an example of which of the following?

Show Suggested Answer Hide Answer
Suggested Answer: D

Triple Bottom Line (TBL) Concept: TBL is an accounting framework that incorporates three dimensions of performance: social, environmental, and financial. This approach encourages businesses to consider the full impact of their activities on all stakeholders.

Criteria Alignment: The scorecard criteria cover profitability (financial), taxes paid (financial), charitable contributions (social), employee training (social), waste to landfills (environmental), and safety incidents (social/environmental). This holistic approach aligns with TBL.

Sustainability Focus: TBL emphasizes sustainability and responsible business practices, ensuring that the company's activities are beneficial to society and the environment, in addition to being economically viable.

Reference: The TBL framework is widely discussed in sustainability and corporate social responsibility literature, including works by John Elkington, who coined the term, and various business management resources like Harvard Business Review.


by Norah at Aug 26, 2024, 12:13 AM

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Lamar
2 months ago
Haha, this is like a corporate version of those 'well-rounded' resumes. 'Oh, you have a high safety incident rate? Guess that's part of your 'triple bottom line' too!'
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Sheron
2 months ago
Definitely D. This scorecard is a great example of the triple bottom line approach, looking at people, planet, and profit.
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Brittani
2 months ago
This looks like it's evaluating the company's performance on social and environmental factors, not just financial. I'd go with D, Triple bottom line.
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Selma
23 days ago
Triple bottom line is a good way to evaluate overall performance and sustainability.
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Lachelle
1 months ago
I think it's important for companies to consider their impact on society and the environment, not just profits.
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Lyndia
1 months ago
I agree, the scorecard seems to cover more than just financial aspects. Triple bottom line makes sense.
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Lewis
2 months ago
I see where both of you are coming from. It does seem to encompass aspects of both social responsibility and the triple bottom line.
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Malcolm
2 months ago
I disagree, I believe it falls under the category of triple bottom line.
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Lazaro
2 months ago
I think the scorecard is an example of social responsibility.
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Maryann
2 months ago
The scorecard seems to cover a range of factors, not just financial. I think the answer is D, Triple bottom line.
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Hayley
2 months ago
D) Triple bottom line
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Bettina
2 months ago
D) Triple bottom line
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