A man is but the product of his thoughts. What he thinks, he becomes.

"

- Mahatma Gandhi 


Insights


Forward-Looking Companies:


Social responsibility: Profits are of course one of the most important drivers of business, but they cannot be its sole purpose. Not all profits are equal. It matters how money is made. For example, companies such as Amazon, Twitter and Facebook have implemented policies to avoid having hate speech associated with the products and services they allow on their platforms. Companies with a higher purpose realize that profits involving a social objective create a positive cycle of prosperity between a company and society. These organizations embrace the interdependencies and synergies between their stakeholders: shareholders, employees, vendors, customers, society and the environment. Companies such as Tata, Unilever and Google see their organizations as greater than their individual component parts. Social responsibility is becoming important for executives and the companies that they lead. Research indicates that there is a positive correlation between this type of corporate culture and profitability.

Environmental responsibility: Forward-looking companies understand that our natural resources are being consumed at an unsustainable rate. They see it as a stark, existential threat for humanity. They also recognize the real prospects for sustainable growth by developing innovative and technologically compelling solutions to reduce ecosystem loss. Some, like Intel, Ericsson and Ecolab are creating sustainable long-term value for their shareholders and all their stakeholders by decoupling resource consumption from growth. Forward-looking companies, such as these, grasp the opportunity to reinvent a greener more sustainable economy for the generations to come. The most forward-looking ones are already doing so.

The human imperative: The slogan of one of Canada’s oldest and most efficient steel makers, Dofasco (now part of ArcelorMittal) is Steel is our product, People are our strength. Research confirms this adage by showing the link between superior human resource management and superior organizational performance. Successful companies, such as Starbucks and Southwest Airlines, invest time and effort to hire the best talent, and devote considerable resources to retain them. They engage employees who not only have the required competencies, but who also share the businesses’ purpose, values and culture. They stress employee training, empowerment and involvement. They promote teamwork and a team culture characterized by sharing and collaborating. A good team always produces better results than individuals working alone. Incentive programs are team based and compensation policies are fair and transparent. Forward looking companies create purposeful work that challenges and encourages their employees to learn and grow.

Moral authority: Companies with a higher purpose have moral authority. A company’s stakeholders (shareholders, employees, customers, vendors…) want to know that the company is honest and dependable and that its values align with their own. Stakeholders do not want to be manipulated. The most successful leaders seek to align the values of their stakeholders to create organizational cultures that bring about lasting change, and achieve the desired results. Stakeholders value privacy highly. Trust is the cornerstone; and it is built with transparency, integrity and respect.


Excerpt taken from our April 2nd, 2017 post.

Five Attributes of a Purposeful Leader:


Willingness to lead

Be fully committed to an objective that is realistic and worthwhile; accept responsibility for others, act with integrity, inspire reasonable hope and be personably accountable.


Self-knowledge and humility

Be willing to learn from past experiences and to adapt to changing circumstances.


Judgment, control, clarity

Use sound judgment and common sense, be emotionally aware and in control. Simplify complex issues and problems into easily understandable and manageable components.


Agent of change and Continuity

Both are indispensable to the well-being of an organization. Determine when each is needed, then act accordingly.


Execution

Manage energy and resources optimally by balancing exertion and stress with rest and renewal.


Go to our Posts for more literature from James de Gaspé Bonar.


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Readings of Interest:


Boyatzis, Richard and McKee, Annie, Resonant Leadership, Boston: Harvard Business School Press, 2005.

Dotlich, David L.; Cairo, Peter C.and Cowan, Cade; The Unfinished Leader: Balancing Contradictory Answers to Unsolvable Problems, San Francisco: Jossey-Bass, 2014.

Hargrove, Robert, Masterful Coaching, 3rd edition, San Francisco: Jossey-Bass, 2008.

Leblanc, Richard, Editor, with Fraser, John; The Handbook of Board Governance: A Comprehensive Guide for Public, Private, and Not-For-Profit Board Members; Hoboken, New Jersey: John Wiley and Sons, 2016.

Lynch, Dudley and Kordis, Paul L., La Stratégie du dauphin, Montréal: Les Éditions de l’Homme, 2006 (3rd edition). Copyright: 1988-2013, BRAIN TECHNOLOGIES CORPORATION. French translation: Jacques Vaillancourt.

Mackay, John and Sisodia, Raj, Conscious Capitalism, Boston: Harvard Business Review Press, 2013.

Morton, Robert, Ph.D, M.B.A., The Art of Leading with Belief. Link to Kindle book on Amazon.com.

Morton, Robert, “The Theory of Belief-Based Leadership”, 2014 Public Sector Digest.

Senge, Peter M., The Fifth Discipline: The Art & Practice of the Learning Organization, Revised and Updated edition, New York: Doubleday, 2006.

Zook, Chris and Allen, James, The Founder's Mentality, Boston: Harvard Business Review Press, 2016