Business with purpose - it's no longer about being the best in the world but being the best for the world.
"without a sense of purpose no company can achieve its full potential" Larry Fink, President of Blackrock
And so we now have Certified B Corporations. Certified B Corporations are verified by the non-profit B Lab who stand for a positive impact on society and the environment.
Effectively this means that people and the planet now sit equally at the table with profit - although I would argue that people and planet come first driving value then profit. But I'm not one to look a gift horse in the mouth, I'll take this equality as a massive step forward from where we are right now.
B lab compile a list of the top 1,000 companies who achieve the highest scores within their B impact assessment. They are referred to as Honorees. Click the link below to check them out - but before you do, ask yourself:
Is your organisation on this list?
Is your organisation aspiring to be on this list?
Is your organisation a certified B corporation?
Has your organisation heard of certified B corporations?
Does your organisation care about being a certified B corporation?
The fundamentals of capitalism are changing, don't get left behind.
inspired by Jay Coen Gilbert - thank you
Intriguing view on crypto currencies and bitcoin.
Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency.
A blueprint for 'seemingly impossible' transformation - a common and purposeful goal, a culture built on trust and 3 distinct but related groups of people: Visionaries, Translators and Inventors:
a) Visionaries are unafraid of failure, truly 'get’ the customer and are not constrained by reality or only what has been done before
b) Translators have a 'can do' mindset, are fantastic communicators that help people to understand abstract concepts and they instinctively know how to make the abstract a reality
c) Inventors have great technical knowledge only surpassed by their thirst for more, they are driven by 'how' and live in an alternative universe.
These groups cannot be managed or led, they are conducted like a finely tuned orchestra and mentored as emerging prodigies. Welcome to the organisation of the future.
Some new ‘rules of the road’ for a truly modern organisation:
1. ‘Transactional transformation’ is simply repeating what has already been done which means you are probably in an ‘over fished’ sea. Stop doing it
2. ‘Seemingly impossible’ transformation is the real deal and the only true chance you’ve got for real growth. Find the passion and guts to do it
3. Transformation is evolution not revolution. It needs to happen as a matter of course, it’s just the new business as usual. If that’s all you offer there is no resistance to change as there is nothing to resist
4. Attracting the right people is predominantly about a ‘can do’ mindset, ability to self manage, empathy to get the best from others and being able to truly ‘see’. Technical skills and experience are the support act
5. Shareholder return is just one outcome for success. Doing something that is purposeful, adds real value to the way we live and allows people to experience work as a something they want to do are critical ingredients to attracting customers and employees
6. Ego’s, power bases and political manoeuvres are out. Competency, trust, innovation and being a ‘whole’ person is in.
We always talk about 'organisational transformation'. Well, we believe that this is a misnomer. It is not the organisation that needs transforming but the people that bring the organisation to life. We can re-model, re-structure, re-engineer processes and come up with ingenious technological solutions but without the hearts and minds of people, true transformation is simply not possible.
In a world where transformation is now the 'norm' and 'business as usual' the exception, it is absolutely vital that we harness the passion, belief, motivation, imagination and sheer determination of people. Without it, we can only deliver 'transactional' transformation based on what has already been tried and tested, with it we can deliver the 'seemingly impossible' transformation based on imagination and the sheer guts to give it a go.
Bringing flexible working and the modern organisation together to make the whole greater than the sum of its parts. What if there was no career progression as we know it? Rather than being promoted, given larger teams and budgets with broader responsibilities, most of which are based on time served and experience, we promoted people based on pure talent, creative output and the ability to work with others and self manage. Perhaps we could look at a parallel universe whereby more experienced people can choose an alternative path as a mentor and guide rather than continuing with a top down command and control approach. What if employees were told to take a career break every few years, to help them re-energise, widen their perspective, have new experiences and bring back new ideas and creativity. What if we scheduled creative days into employees working weeks, where for a day or a few hours they are asked not to come to work, but to go and do something of their choice that provides the space required to let ideas germinate and grow. What if.............?
Welcome to the organisation of the future. Driven by a meaningful goal, powered by innovation, designed to enable transformation and managed by an empowered culture. Delivering outstanding outcomes for customers, employees, shareholders and the community.
We know that truly innovative and successful organisations embrace devolved management structures with self managing teams focused on meaningful goals working in an agile way. This type of modern day organisation has one critical ingredient at it's very core and that is trust. Therefore maintaining that trust and helping employees understand the rewards of having it and the consequences of loosing it needs to be a top priority for everyone in the organisation. .