“Prosperity is only an instrument to be used, not a deity to be worshipped.” – Calvin Coolidge, 30th American president “If a for-profit entity is only profit seeking, then you’re not going to be a long-term profitable company. That’s kind of a paradox of business, I think.” – Satya Nadella,...
Read post »...Likewise, is your company pursuing profits or purpose? I’ve written quite a bit about the Purpose-Profit Paradox; purposeful companies without profits can’t live to do their good work. Profitable companies without purpose live, but they seldom thrive — especially in today’s world. A February 25, 2022, Globe & Mail article,...
Read post »...publish September’s blogs in the October issue of The Leader Letter. This month’s issue features research on companies that are managing the purpose-profit paradox so that everyone benefits. You’ll also find insightful thoughts from leadership researchers and thinkers on the purpose-profit paradox. And this issue contains a bonus of “Thoughts...
Read post »“Prosperity is only an instrument to be used, not a deity to be worshipped.” — Calvin Coolidge, 30th American president If the reason for a company’s existence is just profit, they won’t be very profitable. Eventually the company probably won’t even exist. The dollar sign isn’t a cause. It doesn’t...
Read article »...profit won’t be around long to do much good. The most fulfilled people and sustainable businesses today manage to do both. Further Reading: “Leadership on Purpose“ “Thoughts That Make You Go Hmmm…on Good Company“ “Doing Good is Good for Business and How We Do Anything Means Everything“ “The Purpose-Profit Paradox“...
Read post »...long seen — and a growing body of research shows — the Purpose-Profit Paradox. Profit is a means, not an end. Fewer people today want to buy from, work for, or partner with a company that’s only out for itself. Thriving companies pursue both purposeful profits and profitable purpose. Pursuing...
Read post »If the reason for a company’s existence is just profit, they won’t be very profitable. But if a company isn’t profitable, it won’t exist long enough to serve any other purpose. That’s what we call the purpose-profit paradox. Firms of Endearment: How World Class Companies Profit from Passion and Purpose...
Read post »...motivation. Showing team members how the work they do contributes to a greater cause, touches lives, and really makes a difference is an incredibly powerful energy source. Further Reading: Timeless Leadership Principles Leaders Shape Focus and Context Reward and Recognition Reinforce Paternalism or Partnerships Leadership on Purpose The Purpose-Profit Paradox...
Read post »