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60 - Profit in Pursuit of Purpose

Insights as a Service · 2023-08-13 · 42 min

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Episode notes

In recent years, growing expectations from consumers and investors for better ESG (Environment, Social and Governance) practices have led businesses to shift towards models prioritising profit generation in pursuit of positive social impact. So, how can you do good while doing well? In this week's conversation, AJ McKean, the Managing Director of Synergy Technologies, discusses running a for-profit business with a focus on creating a positive social impact. The idea of running a business that aims to do good by being good at what it does. 00:00:00 - The Competitive Advantage of Purpose-Driven Organizations 00:04:59 - Making a Difference through Social Impact 00:09:45 - The Challenge of Choosing Good Causes 00:14:33 - Balancing Genuineness and Accountability 00:19:02 - The Importance of Purpose and Impact to Motivate the Team 00:23:35 - Balancing Stakeholder Impact in Business 00:28:08 - Balancing Outside Influences and Personal Passion 00:32:40 - Balancing Purpose and Profit in Organizations 00:37:20 - Engaging the Team and Supporting Charities 00:41:46 - Taking a Step Forward Where to find them: AJ McKean: Brendan Ritchie

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