Purpose, Corporate Social Responsibility
Allan Murray believes that there has been a real shift and that CEOs are truly committed to what’s known as “stakeholder capitalism,” pursuing other interests besides investor returns.


 

“'Do they really mean it?' he writes. 'I believe they do, for a mix of positive reasons—a new generation of CEOs includes many who are committed to the idea, a growing army of employees are demanding it, and even some customers are beginning to value it—as well as a negative reason: the political environment continues to look very threatening to business these days.'"

"Murray concludes that they are taking it seriously, in any case. A central message of the book is that 'a new age of business' requires leaders to focus on purpose rather than putting profit first. He argues that there is a good business reason to do so. 'In the long run, there is no tradeoff between purpose and profits,' he writes. 'You can’t have a successful company in the long term if your employees can’t make a decent living; you can’t have a successful company if social turmoil is undermining the community, the society, or the political context you must operate in; you can’t have a successful company if the climate is creating chaos.'” - Kevin J. Delaney

Book Review: What Happens When A Company Puts Purpose Ahead of Profits