ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Education and Science»
  • Economics

The Triple Bottom Line and System Theory: In Brief

Updated on January 1, 2013

The Need Is Great




Ways in which Triple Bottom Line and Systems Theory support each other

This discourse presented the best explanation that one can find to help one to understand how the Triple Bottom Line and Systems theory support each other.

The systems theory presents an abstract nature and the functions of systems without reference to their specific components. For example, in a corporation there are many systems, and the larger the corporation the more complex the systems. The interesting factor that note upon close examination is how the Systems Theory shows how parts of a complex system are held together by relationships such that a small change in one part can trigger larger changes in another part.

We begin to understand how Systems Theory indicates that an organization is only one component in much larger economic, political, social, and environmental systems. In my lifelong studies there were occasions when I had the time to study Boeing Company, Airbus Corp., and Nissan Corp. Even though these corporations are large they are only small components of much larger economic systems.

They also affect political, social and environmental systems. It just so happens that Boeing Company, Airbus Corp., and Nissan Corp. are very concerned about their Triple Bottom Line and how it affects their profits, people, and the planet. One example is “product emissions,” especially pollutants, because in the world that we live in today, a knowledgeable global population is concerned about air quality.

Does the Triple Bottom Line and Systems Theory negate each other?

Triple Bottom Line and Systems Theory do not negate each other. To the contrary, they complement each other. When we consider the situation where an A380 superjumbo jet blew an engine shortly after taking off from Singapore we note that is one incidence affected the travel industry globally. The systems theory, as our reading assignment (the module overview) explained, the theory holds that parts of the complex system, in this case the air transportation system, are held together by relationships such that a small change (such as an engine blowing out on a single A380 superjumbo jet), triggers large changes in other parts, even throughout the entire system. The triple bottom line theory works well within the Airbus Corp. and helps observers of this company to see that their employees, at all levels of Airbus Corp., do their best to produce the very best products. But the whole system was affected when one considers that several corporations were involved the fallout and other airplanes all around the world were grounded because of this incidence. According to a telegraph report, (http://www.telegraph.co.uk/news) Qantas has never in its 90-year history had a fatal accident.

Elash, A. & Trumbull, M. (2010) reported that none of the 433 passengers or 26 crew members were hurt (p. 1). My feelings are that it can be difficult to explain how these two theories complement each other, in a short, two page paper, but they do not negate each other.

References

Elash, A. & Trumbull, M. (2010, September 30). Qantas A380 engine emergency casts scrutiny on Airbus superjumbo jets. The Christian Science Monitor. Retrieved from

Qantas A380 Airbus: problem with oil in engines—Telegraph. (2011). Retrieved from http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/australia

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)