The Purpose Economy

How well is your company preparing for the Purpose Economy?  It's not coming, it's here.


Do it on purpose.
The BIG ‘P.’ Pic: Lauren Roberts. Our purpose is simple and powerful. Read it here.

Our friend, mentor and author of The Purpose Project, Carolyn Tate is the Purpose Economy expert both ends of town are listening to.

Carolyn helps companies and the people within, realise and integrate their purpose. Purpose, at its core, is the reason something was created and why it exists.

Recently, she held a number of calls with leaders within large companies who are either well underway with their purpose programs or who are considering rolling one out.

Carolyn was struck by the words of one leader who’s started exploring a purpose initiative for their company of 4000+ people …

You only get one shot at this ‘purpose’ thing. If we roll something out and it fails, it’s going to be impossible to do it again later. People will be too skeptical about it. It will end up just being a slogan on our website that no one knows or cares about.

His words reaffirmed for her that a slow, thoughtful approach to purpose is best and that we must prepare for purpose success through educating and engaging people in it well before activating and applying purpose.

To start, purpose needs a broader context. What is this new Purpose Economy we’re now living in?

What are the global trends on purpose? Who’s doing it well and who’s failing? What research and evidence is out there pointing us towards the imperative of the big why, beyond profit? What actually is purpose (hint, it’s not CSR and it’s not an advertising slogan)? See the World’s top 25 for benefit Companies – where profit plays a secondary role to mission and purpose

Why do we need it, firstly as a human being living in this uncertain world and secondly as a company navigating the new horizons of capitalism?

This broader context then allows us to get into the content. We can start to deep dive on how purpose fits within our company and how we might best prepare for it. How do we best articulate company purpose and then ensure our purpose promise is actually delivered?

How do we enable our self-leaders (not just our appointed leaders) to take ownership of company purpose and their own purpose (BYO Purpose)? How do we create a purpose movement across our company?

If you’re exploring purpose right now and want to get it right, getting in touch with Carolyn will be the best investment you can make to prepare for purpose success.

If you would like a purpose conversation email Carolyn.

Carolyn Tate
Director, Carolyn Tate & Co.
A Certified B Corporation
carolyn@carolyntate.co

Copy courtesy Carolyn Tate.