Benefits
Innovative companies have shown time and again that it is possible to do well by doing good. TBL does not essentially value societal and environmental impact at the expense of financial profitability and success. Instead, many organisations have reaped increased financial benefits in the long-term by committing to sustainable business practices. According to Willard (2012), sustainability is for those who aim to race to the top. The business benefits of implementing sustainability practices via TBL framework are measurable and factual – the return on investment from aggressively enhancing organisational-wide sustainable development knowledge and practices makes other traditional investment prospects seem insignificant. By focusing on implementing sustainability strategies, businesses can benefit from:
By implementing TBL practices, organisations can reap favourable outcomes from these abovementioned benefits and acquire a significant competitive edge. Benefits from more aggressive and creative attention to environmental and social projects creates a win-win situation for organisations, society, and planet. From the point of view, HE teachers and students using this tool in classroom, following is a glimpse of how it will benefit them and enrich their understanding on the use of TBL.