THE POWER OF PURPOSE
Outlook|May 21, 2024
Doing good is good business as it transcends bottom lines and impacts lives positively, yielding profits that go beyond numbers.
THE POWER OF PURPOSE

In the emerging business landscape, a company’s success is measured not only by its profits but also, more significantly, by its impact on society. This change in paradigm is grounded on an established fact. The pursuits of financial profits and social good with a purpose are not at cross-purposes. They are not only compatible but are, in fact, mutually reinforcing, unleashing a flurry of benefits that draws top talent, cultivates customer loyalty, promotes innovation and mitigates risks. As companies work for the greater good, they enhance their bottom line with an additional dividend. They herald a brighter future for those in need, leaving an indelible mark on society.  

This story is from the May 21, 2024 edition of Outlook.

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This story is from the May 21, 2024 edition of Outlook.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.