Indian - Businessman | 1961 -
A strong sense of purpose drives businesses to take the long view and invest for growth.
Punit Renjen
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When employees join executives in truly owning the responsibility for business success, an exciting new sense of teamwork takes hold.
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Millennials want to work for organizations that prioritize purpose as well as profit. It's as simple as that.
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As business leaders, we should not choose between profit or good; rather, we must choose to profit from good. And that requires connecting what we do with a purpose beyond profit - a reason to exist that meets our shared sense of 'doing good.'
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Creative tension is constructive. Its purpose is to bring out the very best in management so that senior executives can generate the greatest value for shareholders, stakeholders, and society at large.
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Exceptional businesses sustain bottom-line results, which they invest to create meaningful, positive impact for their stakeholders.
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In order to generate extraordinary profits, you must have a focus that is beyond profits. You need to focus on how you serve your clients.
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Leaders who understand the importance of the intangible elements contributing to workplace culture become sensitive to what makes their organization truly special. That is how they define core values and beliefs that are unique, simple, leader-led, repetitive, and embedded - transforming themselves from good to exceptional.
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If corporations are to remain a legitimate instrument of collective action, they must concern themselves directly with the well-being of those party to, and affected by, their actions.
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While they believe the pursuit of profit is important to sustaining a business, millennials also say that pursuit must be accompanied by a sense of purpose, by efforts to create innovative products or services, and, above all, by consideration of individuals as employees and members of society.
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For any young people looking for job opportunities, good grades and academic results are important, but what is more important may be showing you are someone who has the drive and capability and can fit in the company culture.
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When you talk about being exceptional, you do two things: You clearly answer the question 'Who are you?' which is your purpose. And you answer the second question, 'Where are you going?' which is your aspiration and how you're going to get there.
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