The Success Of Amway And The Triple Bottom Line Approach

Ponzi Schemes also known as a multi-marketing organization are white-collar crime; it is essentially an individual swindling a quick investment from new investors. Always ends up with investors or victums losing “their shirt” all the profits and many cases the company and is bankrupted and the owner ends up in jail. Two very highly successful Ponzi schemes are Primerica group and Amway. Primerica Group sells insurance and financial services and Amway sells heath insurance, but it doesn’t matter what they sale, its all about recruitment. They take your hard earned money and invest it into there business for a bigger profit in the future for a retirement but many people who try to get some of there money back for emergency are sadly mistaken

“The Angels Network” started in 1998, is a charity founded by Oprah. This network is aimed at encouraging people around the world to make a difference in the lives of underprivileged families. They work in the area to help make society better and work towards a better life for all. Since the days they had started they’ve changed many lives and made a big impact on the world of today.

To improve the well-being of individuals through health education, counseling and detection screening programs. Over the next few weeks, our mission will consist of finding new solutions to better educate individuals in our society on the importance of health education, by improving care through technology, which ultimately better our society. Our organization will focus on fundraising, however, we focus on fundraising will be from a health perspective, to make sure we focus on individual health at all times. I will be responsible for the implantation of Better Health Care

The Triple Bottom Line (TBL) accounting concept and framework was first created by John Elkington in the mid 1990’s, and has since changed the way for-profit, non-profit and government agencies measure the sustainability of their initiatives and company. The TBL framework is flexible and can be adopted and molded based on the specific needs of an organization. The framework is comprised of three parts, which are: social (People), environmental (Planet), and financial (Profit), commonly referred to as 3Ps. This framework does spark debate regarding the ethical problems behind measuring, quantifying and accounting for social and environmental variables, which is often not supported by many

St. Jude’s target for marketing fundraising is far larger than most charities. Their target; preschoolers, professionals, 8th graders and 80 year olds, television, radio, local drives, school drives, trike-a-thons, math-a-thons, local, county, state and national events. Some of the big ones that you may be familiar with; the “Dream Home Giveaway”, the “Thanks and Giving Campaign” and the radio-a-thon “Country Cares”. Because of last year’s St. Jude’s NFL event, 18% of American’s said they planned to support St. Jude’s “Thanks and Giving Campaign” during this past holiday season. No opportunity is turned away.

To improve the well-being of individuals through health education, counseling and detection screening programs. Over the upcoming weeks, our mission will consist of finding new and advance solutions to better educate individuals in our society on the importance of health education, by improving care through technology, which ultimately better our society. Our organization will focus on fundraising, however, are focus on fundraising will be from a health perspective, to make sure we focus on individuals health at all times. I will be responsible for the implantation of Better Health Care

CVS, a national pharmacy chain, works not only in but also with the community. The company focuses on the betterment of society. Its extensive Corporate Social Responsibility strategy, entitled Prescription for a Better World, places CVS at the center at a variety of mainstream issues. The three focal points of its CSR plan are the environment, the economic opportunities for citizens, and the health of the community (Novick O’Keefe 2014). CVS has a whole department focused on CSR, called CVS Caremark, which houses the CVS Caremark Charitable Trust. Their many projects include the end of Tobacco distribution, the betterment of school and local health care, sustainability, and charitable events.

Describe how the emerging concept of the triple bottom line can be used to enhance operations management at the company. Be sure to address each component of the triple bottom line.

The year of 1887 marked the beginning of United Way, which originated as Denver’s Charity Organization Society and expanded over 1,000 Community Chests in the late 1940’s (Dess, Lumpkin, Eisner, & McNamara, 2012, p. C19). Then in 1974 their campaign, in America and Canada, exceedigngly raised over $1 billion dollars; thus, causing for the creation of the United Way International so that many countries around the world may have the ability to construct similar organizations that will benefit their nations (Dess, et al., 2012, C19). United Way’s business consist of attracting large companies and

Internationally, their mission is to focus on developing health conditions, agriculture, vaccine delivery, and bringing the extremely poor out of poverty by providing assistance for them to rise above the poverty line. Their value is to focus on a small amount of issues that can have the largest impact on a global scale of which an example is the failures in America’s education system.

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning

As far as good news is concerned, the report explains the company’s success in their top three

Currently, Goodwill is operating as a nonprofit international organization in about 15 countries. The organization has more than $4.8 billion in assets, an amount huge enough to enable it to attain its objectives and goals. In addition, the organization caters for more than 6 million individuals in terms of job training, employment placements, and other community services. The organization is best described as a social enterprise as well as an industrial project since it improves the lives of the needy by helping them meet their daily social and economic expectations (Funding Universe, n.d.).

Sustainability is regarded as a goal of any business. The accounting framework, to support sustainability goal is called as the triple bottom line (TBL).It focus on performance of an organization with the interrelated dimensions of profits, people and the planet.

ARC and ABC have established strong marketing tactics for themselves, with ARC’s use of social media to set them forward and ABC’s focus on bringing in sponsors and individual donations. In order to stand out even more, ARC should continue to enhance their social media tools because social media has proven to be quite impactful. ARC should also continue connecting with other corporations and companies to bring more sponsorships in. By highlighting the corporations and showcasing what the collaboration does for people, people will see that their money is spent for a good reason. Reaching out to corporations and donors both can push ARC become the top organization to help people everywhere who needs their help.