Indian - Businessman | 1961 -
Technology is advancing at breakneck speed, upending old ways of doing business and resetting the social contract between employers and employees.
Punit Renjen
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An organization's culture of purpose answers the critical questions of who it is and why it exists. They have a culture of purpose beyond making a profit.
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As a young boy growing up in Rohtak, India, I had no idea what my life's work would be. But my parents instilled in me something that I have never forgotten: that work must have a sense of purpose beyond mere financial gain; that to be meaningful, work should make a positive and lasting difference in the lives of others.
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It is no longer enough to have a good product. A company's purpose and the way it treats its employees and the global community to which it belongs is also of great importance.
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Fresh out of grad school, I arrived for my first day of work at Deloitte ready for the long haul. For my generation, that's what those early years were about - laying the foundation for a lifelong career with a great organization. More than 30 years later, I'm still with Deloitte, and I have no regrets.
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Most millennials have no problem standing their ground when asked to do something that conflicts with their personal values.
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The profound lack of economic opportunity for those left behind by globalization has created an ever-widening gap between the 'haves' and the 'have nots.'
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Skills-building opportunities should be extended to people outside of the mainstream talent pool. That might include at-risk youth, veterans returning to the workforce, or immigrants struggling to make a life for themselves in a foreign culture. The process for creating wealth must begin with creating opportunity for all.
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Are businesses really benefitting if their communities are suffering? It doesn't seem like it.
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As a society, we need to refocus on creating an economy that works for everyone. I believe the business community is in the best position to lead the way.
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All the good work in the world will not compensate for the damage that a single facet of the business, or a rogue individual, can do. Insider trading, environmental damage, human-rights violations, and opportunistic practices erode trust and result in net negative impact.
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Rethinking product supply chains offers another opportunity for traditional enterprises to introduce a host of positive outcomes.
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