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purpose beyond profit


How Do You Define the Purpose of Your Business?

How Do You Define the Purpose of Your Business?

Seeing Profit as a Consequence, Not a Purpose Like many, you probably default to saying, “To make profits”. And while that is certainly an aim of every capitalistic enterprise, it falls short as a useful and motivating driver of an enterprise. Too great a focus on profits draws attention away from the triggers of success in today’s world. Successful leaders see profit as consequence For more and more leaders, another North Star is rising. By embracing the notion of “purpose beyond profit”, these leaders don’t forego their obligations to generate profits for shareholders. But they subjugate the financial agenda...
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Purpose Beyond Profit – A Shift in Perspective

Purpose Beyond Profit – A Shift in Perspective

At Emotive Brand, we’re big on the concept of Purpose Beyond Profit. Apparently, people interpret this phrase in interesting ways. Some jump to the conclusion that it means “purpose instead of profit.” That’s a valid approach for B-Corps, perhaps, but most companies – including this one – would prefer to make some money. Some people think the phrase means “profit plus being good to the environment.” We’re okay with that definition, but it’s still too easy for many brands to dismiss for one reason or another. The deeper definition applies to all brands, if they can make a simple...
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Is it Time for Your Business to Embrace the Purpose Economy?

Is it Time for Your Business to Embrace the Purpose Economy?

According to Aaron Hurst, we’ve moved from the Information Economy to the Purpose Economy. He states that this is a natural evolution, which is taking us from the first levels of human organization, the hoe-and-plow Agrarian Economy, through the smokestacks of the Industrial Economy, to the data farms of the Information Economy, and now to the human-centric Purpose Economy. Each of these economies been built on top of the proceeding, and represent evolutions more than revolutions. In his book, Hurst states: “When I say purpose, I mean more than serving others and the planet. Service is certainly at the...
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How to Help Your Startup Thrive Internally

How to Help Your Startup Thrive Internally

Looking for strategies to hep your startup thrive? It’s an all too familiar startup sight. Your technical co-founder and engineering teams have their eyes glued to screens of scrolling code as their fingers fly across keyboards and music blasts through their earbuds. They are driving hard toward the launch date or new product release, losing themselves in their work and consuming Red Bull like there’s no tomorrow. Nikos Moraitakis, Founder & CEO of WorkableHR.com, sets the following as one of ten helpful tasks non-technical co-founders should undertake: “Nurture good spirit, keep everyone intellectually stimulated. Your technical co-founder may spend...
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Meaningful Brands Keep Promises

Meaningful Brands Keep Promises

Meaningful Brands are not so easy to come by Is your brand strategy working as hard as it could be? Or is it being held back by these all-too-common corporate traits: myopia, narrow-mindedness, and self-centeredness? Does your brand strategy focus only on the “what” and “how” of your offering? Does it mostly talk to senior management in the cryptic language only MBAs understand? If so, your brand isn’t hitting the right notes in today’s marketplace. Today’s most innovative and successful brands are built upon a different premise. They seek to forge meaningful connections with people, not solely through products...
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