Strategic Management Assignment: 3Ps of Business Sustainability

This assignment presents a discussion board post addressing the challenges managers face in balancing the 3Ps (financial, social, and environmental) of business sustainability. The student analyzes the difficulties of integrating these factors, referencing the triple bottom line framework and the complexities of quantifying environmental and social impacts. The post highlights the importance of a holistic approach to sustainability, the need for organizations to consider the environmental and social impacts of their actions, and how companies like Bloom Bags demonstrate the implementation of the 3Ps. The student supports their arguments with academic references using APA style, providing insights into the challenges and potential solutions for achieving sustainable business practices. The discussion emphasizes the importance of integrating sustainability into business strategy for long-term success, generating less pollution and becoming environmentally conscious.

Running head: STRATEGIC MANAGEMENT
Strategic Management
Name of Student-
Name of University-
Author’s Note-

1STRATEGIC MANAGEMENT
Balancing 3Ps (financial, social and natural environmental) of business
sustainability
Sustainability is now a days defined as the goal of most of the businesses, and they want
to implement sustainable growth in the business processes. For measuring the sustainability of
the business a framework is defined which is known as 3 P or Triple Bottom line framework (He
et al., 2019). This framework helps to measure the profits, value of shareholder and the return on
the investment in the business and also includes environmental factors and the social factors.
The challenges that the managers face to balance 3 P of sustainability in an organization
or in a project is that the idea of 3P is not an acceptable framework for measuring or
implementing them in project. Adding the environmental factors and the social factors in the 3 P
is really a challenging aspect in the business.
3Ps that are included in the business are difficult to quantify, and include management
conflicts. The company might include quantifiable aspects related to finance and that includes
earnings, costs, and revenues in the organizations (Miemczyk & Luzzini, 2019). The companies
that undertake the 3 P sustainability approach in their business process, there is a compliance
approach in the business.
Using the 3Ps sustainable approach in an organization, the organization becomes more
effective and becomes environmentally conscious and socially conscious about the activities they
carry out in the project. The business including 3Ps generate less pollution and all activities are
carried out keeping the environmental, social and financial factors for the organization (Hussain,
Rigoni, & Orij, 2018). The business undertaking 3ps evaluates effects for their actions on
environment, as well as social factors, and thus they become more efficient to make

2STRATEGIC MANAGEMENT
environmental decisions and this will help the organization to gain profit in long term business.
The organizations are expected to make more profits and needs to focus on impact of the actions
on the bottom line as well as on the earnings.
Example of a company using 3P of business sustainability is Bloom Bags. Bloom is a
social enterprise that is different from other non-governmental organizations that operates in
Cambodia. Bloom includes business strategy to make fashionable bags from the recycled
materials includes a fair price for bags so that Bloom can get a modest profit from that. 3P
approach was included in Bloom Bags by Diana Saw and was intended to prioritize the social
goals for the business.

3STRATEGIC MANAGEMENT
References
He, Q., Gallear, D., Ghobadian, A., & Ramanathan, R. (2019). Managing knowledge in supply
chains: a catalyst to triple bottom line sustainability. Production Planning &
Control, 30(5-6), 448-463.
Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate governance and sustainability
performance: Analysis of triple bottom line performance. Journal of Business
Ethics, 149(2), 411-432.
Miemczyk, J., & Luzzini, D. (2019). Achieving triple bottom line sustainability in supply
chains. International Journal of Operations & Production Management.