What management methodology balances long-term organizational survival by evaluating social, environmental, and financial outcomes?

Explanation

• Coined by John Elkington, the Triple Bottom Line (TBL) framework evaluates organizational performance across three pillars: People, Planet, and Profit (3 Ps).
• It expands traditional financial accounting to encompass corporate social responsibility (CSR) and environmental sustainability.
• Sustainable management requires balancing financial gains with environmental stewardship and social equity.