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Thoughts That Make You Go Hmmm on… The Purpose/Profit Paradox

“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,...

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On Purpose: What Condition Is Your Mission In?

...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,...

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Thriving Companies Pursue Both Purposeful Profits and Profitable Purpose

...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...

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The Purpose-Profit Paradox

“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...

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Profit is a Means Not an End

...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“...

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Leadership and Culture Multiply or Minimize Value-Based Strategies

...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...

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Review of “Firms of Endearment”

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...

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Strong Leaders Harness the Power of Spirit and Meaning

...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...

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