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What happens when organizations look beyond next quarter’s results?
“Focus on the numbers!”
“Maximize shareholder value!”
“Drive quarterly growth!”
We’ve all heard these mantras. But something remarkable happens when organizations begin taking more action to strengthen communities and build economic prosperity that extends far beyond their own balance sheets.
This broader focus often ends up improving the organization’s financial performance.
That’s because profit and purpose reinforce one another. And organizations that prioritize a commitment to broader economic development create sustainable advantages that short-term thinking simply cannot match.
Watch this excerpt from my conversation with Amana-Key founder Oscar Motomura to learn more.
#VideoPosts #ServiceLeadership #ServiceImprovement
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Below is an Autogenerated Transcript
So, if you’re purely at an early stage of exploiting resources, for example, forestry or fishing or agriculture or whatever, mining, you know, then it can look like, well, how much is the resource worth? And how do I efficiently extract more? But that’s a short-term approach to economic development. And it’s a very poor approach to social development.
Ultimately, as countries become more mature, then they start to realize how incredibly important it is to attract, retain, and develop talent to build the kind of community spaces in which people can live healthy lives, raise healthy families, develop healthy businesses, and build healthy neighborhoods. And that’s when you get the kind of reputation that has other people from all over the world wanting to go to you.
Therefore, while the early stages of economic development may have to do with cost or volume, as you get more mature, you’re going to be competing at a higher level with other cities and other countries. And then, service just becomes ever more and more important.
