The word corporation, from the mid 15th century, means “persons united in a body for some purpose” and stems from the past participle corporare of Latin, which means “to embody”.
Ideally, a business is a group of ideas and people work together to present or “embody” solutions or innovations. The largest corporations, such as Walmart, Samsung, Exxon-Mobil, Apple, British Petroleum, all represent the solutions their respective companies pioneered.
The Triple Bottom Line is a common accounting framework for corporations that use three metrics to judge overall success and value as a business: social, ecological, and financial sustainability.
Triple-Bottom-Line. Wikimedia Commons. Author triplebotline.
Walmart might be revenue positive at ~450 billion USD a year, but does it supply chain contribute to the long-term production of its goods? Does the working climate at Walmart contribute to human happiness? Walmart might provide millions of jobs, but if its employees are not empowered, which potential positives is the company losing?
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