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Roy Spence & Haley Rushing

It's not what you sell its what you stand for

High-performing organizations have a “secret sauce” that makes them what they are – they have a purpose beyond just making more and more money. Paradoxically, when companies are engaged in trying to make the world a better place, they generally end up making more money than ever. Purpose is the real driving force behind many high-performing organizations. Purpose deserves just as much care and attention as do the more high-profile elements of a business like strategy, execution and innovation. To achieve more as an organization, have a purpose you believe in passionately and work towards. If you get this right, your people can’t wait to get to work every morning. They will feel great about what they’re doing and will be clear about their goals. Make a difference and not only can you make history this is also a pretty cool way to live your career.

It's not what you sell its what you stand for
It's not what you sell its what you stand for

book.chapter Business purpose significance .

The essence of your organization's purpose is a clear declaration of the impact you aim to have in the world. It is central to your actions and future aspirations. Successful companies are driven by more than just profit; they are guided by fundamental beliefs and values that shape their efforts to improve society. These core ideologies attract customers who resonate with the company's mission, not merely the attributes of its products or services. When you are part of a company with a distinct purpose, articulated with enthusiasm and precision, there is a natural alignment in your work, shared direction with colleagues, and logical actions from management. A strong purpose amplifies business success by infusing people with energy, confidence, and a drive to innovate in meaningful ways. Leaders and employees work cohesively, and the company's narrative is filled with inspiring achievements. In contrast, companies lacking a clear purpose beyond profit exhibit chaotic activity with limited impact. They often follow competitors rather than their own convictions, and their advertising strategies lack consistency. Purpose is not just a marketing or sales strategy; it is foundational to a company's identity, explaining the brand's existence. Jim Stengel, the former global marketing officer at Procter & Gamble, observed that the most outstanding companies and brands are those with a deep-rooted purpose beyond their functional benefits to customers. A well-defined purpose offers numerous advantages, simplifying decision-making and providing a framework for viewing the world. It guides both significant and minor decisions, allowing organizations to instinctively meet global needs with superior offerings. Purpose-driven companies may face challenges, but they recover and maintain high performance, fostering a legacy of excellence. These organizations are visionary, constantly seeking answers and innovations, and their purpose motivates them to pursue groundbreaking achievements. Purpose also serves as a stabilizing force amidst market fluctuations, acting as a roadmap and preventing detours. It ensures that marketing messages align with customer experiences and attracts passionate, self-motivated individuals to the organization. Engaged employees with a strong sense of purpose approach their work with enthusiasm and resilience, contributing to a fulfilling life. To uncover your organization's true purpose, reflect on your origins, evaluate past attempts, and assess your strengths and weaknesses. Ask fundamental questions about your motivations, values, and unique contributions. Engage with employees, managers, and customers for insights, and trust your instincts. Remember, a purpose differs from a mission statement, which often lacks substance. Once you identify your purpose, articulate it clearly to inspire and motivate. Stay focused on your ultimate goal, use simple language, set ambitious targets, be realistic, and concentrate on your actions rather than methods. Examples of purpose statements from various organizations illustrate the importance of clarity and aspiration. A compelling and straightforward purpose empowers even large companies to operate with the agility of smaller, entrepreneurial entities, enabling everyone to make decisions and lead effectively.

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