This month’s issue of Harvard Business Review features an article on how to “Eliminate Strategic Overload.” Harvard Business School professor, Felix Oberholzer-Gee shows “how to select fewer initiatives with greater impact.” He concludes, “creating value for customers, employees, and suppliers sits at the very heart of strategies that result in stellar performance. In the best […]Read post »
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Tagged with 'purpose-profit paradox'
If the reason for a company’s existence is just profit, they won’t be very profitable. Eventually the company probably won’t exist. The dollar sign isn’t a cause. It doesn’t stir the soul. Operating margins and returns on investment don’t excite and inspire. As an ultimate objective on its own, the pursuit of profits is hollow […]Read post »
“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, CEO, Microsoft “The Great Recession […]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 draws from an extensive research […]Read post »