Podcasts about deep purpose the heart

Etsy, the online seller of handmade and vintage goods, was founded as an alternative to mass-manufactured products. The company grew substantially in its first decade but remained unprofitable. When Etsy went public, stakeholders demanded a new level of financial returns and accountability. But the company continued to struggle to contain costs—until a new CEO arrived with a plan for a purpose-driven turnaround. In this episode, Harvard Business School professor Ranjay Gulati discusses his case, “Etsy: Crafting a Turnaround to Save the Business and Its Soul,” which explores how CEO Josh Silverman made Etsy profitable by rediscovering the company's commitment to social and environmental sustainability. Gulati discusses the difficult choices Silverman made in the early days of his tenure, like laying off employees for the first time ever at Etsy, and how he worked to regain trust with employees. He also explains why Silverman prioritized improving the user experience for buyers on Etsy's website. Gulati is the author of the book Deep Purpose: The Heart and Soul of High-Performance Companies. Key episode topics include: leadership, change management, organizational culture, organizational transformation, strategy, retail and consumer goods, online retail, purpose, sustainability. HBR On Leadership curates the best case studies and conversations with the world's top business and management experts, to help you unlock the best in those around you. New episodes every week. · Listen to the original Cold Call episode: How Etsy Found Its Purpose and Crafted a Turnaround (2022)· Find more episodes of Cold Call· Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org]]>

In this episode of The Unmistakable Creative, Srini Rao interviews Ranjay Gulati, author of "Deep Purpose: The Heart and Soul of High Performance Companies." They discuss the importance of purpose in organizations and how it can drive success. Gulati shares insights from his research on purpose-driven companies and offers practical advice for leaders looking to connect organizational purpose with individual purpose. He also explores the balance between purpose and profit and the role of purpose in navigating complex trade-offs. This episode provides valuable insights for leaders and individuals seeking to find meaning and drive high performance in their work. Subscribe for ad-free interviews and bonus episodes https://plus.acast.com/s/the-unmistakable-creative-podcast. Hosted on Acast. See acast.com/privacy for more information.

Welcome to an interview with the author of Deep Purpose: The Heart and Soul of High-Performance Companies, Ranjay Gulati. In his book, Ranjay reveals the fatal mistakes leaders unwittingly make when attempting to implement a reason for being. Moreover, he shows how companies can embed purpose much more deeply than they currently do, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. To get purpose right, leaders must fundamentally change not only how they execute it but also how they conceive of and relate to it. Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor and the former Unit Head of the Organizational Behavior Unit at Harvard Business School. Until recently, he chaired the Advanced Management Program, the flagship senior leader executive program, at the school. Professor Gulati has been ranked as one of the top ten most-cited academics in the fields of economics and business by ISI-Incite and has received similar recognition from The Economist, Financial Times, and the Economist Intelligence Unit. Professor Gulati studies how “resilient” organizations—those that prosper both in good times and bad—drive growth and profitability. His work bridges strategy (establishing clear strategic pillars for growth), organizational design (reimagining purposeful and collaborative organizational systems), and leadership (fostering inspired, courageous, and caring execution). Get Ranjay's book here: https://rb.gy/31r53k Deep Purpose: The Heart and Soul of High-Performance Companies Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo  

Welcome to Strategy Skills episode 413, an interview with the author of Deep Purpose: The Heart and Soul of High-Performance Companies, Ranjay Gulati. In his book, Ranjay reveals the fatal mistakes leaders unwittingly make when attempting to implement a reason for being. Moreover, he shows how companies can embed purpose much more deeply than they currently do, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. To get purpose right, leaders must fundamentally change not only how they execute it but also how they conceive of and relate to it. Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor and the former Unit Head of the Organizational Behavior Unit at Harvard Business School. Until recently, he chaired the Advanced Management Program, the flagship senior leader executive program, at the school. Professor Gulati has been ranked as one of the top ten most-cited academics in the fields of economics and business by ISI-Incite and has received similar recognition from The Economist, Financial Times, and the Economist Intelligence Unit. Professor Gulati studies how “resilient” organizations—those that prosper both in good times and bad—drive growth and profitability. His work bridges strategy (establishing clear strategic pillars for growth), organizational design (reimagining purposeful and collaborative organizational systems), and leadership (fostering inspired, courageous, and caring execution). Get Ranjay's book here: https://rb.gy/31r53k Deep Purpose: The Heart and Soul of High-Performance Companies Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo  

Why do you show up to work? Why do you do things you're expected to do at work? The biggest factor of organizational success is determined by how embedded the company's deep purpose is in its employees. Today's guest is Ranjay Gulati. He is the author of the book Deep Purpose: The Heart and Soul of High-Performance Companies, an educator and researcher who is passionate about how to unlock organizational and individual potential.Ranjay and I talk about purpose: what organizational purpose is, how powerful it is, how to connect individual purpose to the organization, and the impact it has when employees consider work not a chore but a calling.Join the conversation now!Get FREE mini-sketchnotes with the big idea from the week's episode delivered to your inbox when you subscribe to my weekly email.SPECIAL OFFER: Join the Skills Accelerator before 11:59 pm Eastern 12/31/31 and get your first month for $50 and lock in the 2023 pricing!Conversation Topics(00:00) Intro(01:18) What is a company purpose, and why do organizations need to have one?(02:34) The power of the why question(04:28) How purpose needs to be translated into the organization(07:16) The redemption of Etsy(10:05) What managers can do at all levels to start creating purpose in their own teams(14:51) How managers can help their team members discover what they do matters(17:38 How to start a conversation with your team on deep purpose(20:55) The importance of an organization having a clear, deep purpose(22:49) A great manager Ranjay has worked with(24:15) Keep up with Ranjay(25:51) [Extended Episode Only] What does a good mission statement look like?(26:28) [Extended Episode Only] Example of a well-crafted team mission statement(27:08) [Extended Episode Only] How to craft a compelling team mission or purpose statementAdditional Resources:- Get the extended episode by Joining The Modern Manager Podcast+ Community for just $15 per month- Read the full transcript here- Read the related blog article here- Follow me on Instagram here - Visit my website for more hereKeep up with Ranjay- Follow Ranjay on LinkedIn here- Get a copy of Deep Purpose hereGet guest bonuses and many other member benefits when you join The Modern Manager Podcast+ Community.---------------------The Modern Manager is a leadership podcast for rockstar managers who want to create a working environment where people thrive, and great work gets done.Follow The Modern Manager on your favorite podcast platform so you won't miss an episode!

Purpose is not an altruistic pursuit. It is a unifying idea of the problems you want to profitably solve, says Prof Ranjay Gulati, Harvard Business School Professor of Business Administration and author of Deep Purpose: The Heart and Soul of High-Performance Companies, in conversation with Vinay Kamath. (Produced by Darshan Sanghvi) --- Send in a voice message: https://podcasters.spotify.com/pod/show/business-line/message

Why does your team exist? What is the deeper purpose behind the list of tasks you accomplish each day? Without a clear, defined purpose, teams will lack inspiration and focus. This can lead to team members feeling unmotivated, reducing productivity and morale. Furthermore, how can you set goals and develop strategies to achieve them when you don’t have a vision for your work? Today’s guest is Ranjay Gulati. He is the author of the book Deep Purpose: The Heart and Soul of High-Performance Companies. As an educator and researcher, he is passionate about how to unlock organizational and individual potential. Ranjay and I talk about Purpose. What organizational purpose is and isn’t, why it's so powerful when done right, how to connect individual purpose to the organization and the magic that happens when you go from satisfied employees to truly inspired ones. Members of the Modern Manager community get a chance to win 1 of 3 free copies of Ranjay’s book, Deep Purpose: The Heart and Soul of High-Performance Companies. A revolutionary approach to business exists, one that delivers game-changing results for companies of all sizes: the serious and deep pursuit of purpose. This book shows the possibility of embedding purpose as a radically new operating system for your business. Get it when you join the Modern Manager community. Subscribe to my newsletter to get episodes, articles and free mini-guides delivered to your inbox. Read the related blog article: What It Really Means To Have a Company Purpose KEEP UP WITH RANJAY Website: Deeppurpose.net LinkedIn: linkedin.com/in/ranjay-gulati Key Takeaways: A purpose is an intention to accomplish something meaningful to the self that has consequences for the world beyond the self. While the idea of individual purpose has been around for thousands of years, company purpose is a relatively new concept. A company purpose is the “why” behind your mission statement: why you exist, who you’re impacting, and the strategy to accomplish it. A deep company purpose trickles down to all areas of the office, including strategies, resource allocation, hiring and promotion, DEI, and measuring success. Purpose is not “charity”, but a long term value that should include profitability. Make sure all your stakeholders benefit from your purpose.

Sean Murray is the President and CEO of Advocate Printing and Publishing in Nova Scotia, Canada. Established in 1891 Sean highlights his family's journey and how his grandfather and father worked in, bought, and led this iconic Canadian business that has become a family business over time. Sean is in the Atlantic CEO Hall of Fame, was celebrated as one of Canada's 40 under 40 business leaders, and received the Queen's Golden Jubilee Medal. He graduated from Pictou Academy, St. Mary's University, and the Harvard Business School Executive Program. He is the Chair of the Young President's Organization (YPO) Atlantic Canada and is the Director of YPO Canada.Show Notes: The importance of being a lifelong learner in your career. How have print, distribution, fulfillment, and media changed over the years? Advocate was established in 1891 with the oldest company founded in 1865. The importance of succession planning in business but especially family businesses. (24:30) How did Sean pivot his business over time due to changes and technology in the global economy? "We put the client's success before our own success." (33:00) Why data is digital oil for the new economy. Favorite Case at HBS? Francis Frei and focusing on customer delight. What are you choosing to be good at? What are you choosing to be bad at? You can't be everything to everyone! (36:00) What is the art of the possible? Borris Groysberg and building teams and culture. (40:00) "The Great Resignation" moved to "Quit Quitting," and now we are moving to the "Great Re-Imagining" as people rethink how they want to live life going forward. "We are moving from work-life balance to life-work balance." "As soon as people start making more we learned they want to work less." People want to be rewarded with free time not more overtime or increased salary. What people want is changing all around us. (45:00) We are seeing on-shoring or re-shoring back to North America. This will have profound changes in our economy. (52:00) "When in doubt, focus on incentives!" - Charlie MungerFlexibility today matters more than financial incentives. (55:00) Ranjay Gulati's book - Deep Purpose - The Heart and Soul of High-Performance Companies (58:00) "We optimized for efficiency but not purpose and meaning!" (59:00) Is "Maslow's Hierarchy of Needs" changing today? Do we need to reimagine this for a new global economy of an enlightened and empowered population? "Careers may be in 3-year increments today instead of 20-year increments as in the past!" (1:05:00) Advice for young people. Its all about soft skills and building your network. How are you making sure you are relevant in the conversation? How are you adding value? Don't focus on just doing tasks. Those will be automated away!"Learn how to be an entrepreneur and intrapreneur! If you learn these skill sets, you will be extremely valuable!" (1:09:00) "How do we change a ME economy to a WE economy?" What has Sean learned are key attributes of being a good entrepreneur? You have to have passion, vision, and purpose! What is your risk appetite? Are you willing to be "all in" and risk it all to succeed?  "Through failure comes learning."  It's not all about you! You have to build a team. You have to have mentors and advisors. This will help you be successful and help you have a work-life balance. Book Recommendations: Deep Purpose - The Heart and Soul of High-Performance Companies Everything is Possible - Serhii Rudenko Build, Borrow, Buy - Laurence Capron Zero to One - Peter Thiel Uncommon Service - Francis Frei (1:24:00) - What would Sean say if he had the opportunity to give a State of the Union address to the Canadian people?

Strong words from Federal Reserve chairman Powell sent stocks down on Friday. (0:30) Jason Moser and Emily Flippen discuss: - Why long-term investors should not be surprised by Powell's comments - Snowflake's strong week - Zoom Video shares falling to a 2-year low - Ulta Beauty's strong 2nd-quarter sending shares close to an all-time high - Amazon making headlines for what it is NOT planning to do - The latest from Peloton, Electronic Arts, Nvidia, Salesforce, and Intuit (19:45) Maria Gallagher talks with Harvard Business School professor Ranjay Gulati about key insights from his book, Deep Purpose: The Heart and Soul of High-Performance Companies. (29:45) Emily and Jason answer listener questions about Quidelortho Corp. and Berkshire-Hathaway, and share two stocks on their radar: Doximity and Autodesk Our annual investing conference is free for Motley Fool members! For more details go to http://Fool.com/FoolFest. Stocks discussed on the show: SNOW, ZM, PTON, ULTA, AMZN, EA, NVDA, CRM, INTU, ETSY, QDEL, BRK.A, BRK.B, ADSK, DOCS Host: Chris Hill Guests: Emily Flippen, Jason Moser, Maria Gallagher, Ranjay Gulati Producer: Ricky Mulvey Engineer: Dan Boyd

Harvard Business School professor and author Ranjay Gulati says that sentiment is growing among business leaders that companies have a larger role to play than simply providing shareholder value. This episode is a rebroadcast of Gulati's appearance on the FM podcast to discuss that topic and others highlighted in his recent book, Deep Purpose: The Heart and Soul of High-Performance Companies.

Kathleen welcomes Ranjay Gulati to Dare to Care in the Workplace. Ranjay is a Harvard Business School Professor and the author of six best-selling books on the subject of strategy, organizational effectiveness, and leadership in organizations. His latest book, Deep Purpose: The Heart and Soul of High-Performance Companies, is available now.  In part one, Ranjay talks about why 'purpose' is good for business and why we should cut everybody (including leaders) a break.

Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor of Business Administration and the former unit head of the Organizational Behavior Unit at Harvard Business School. He is an expert on leadership in turbulent times, having studied and written about the topic for the past twenty-five years. Gulati's latest book, Deep Purpose: The Heart and Soul of High-Performance Companies, shows how companies can embed purpose much more deeply than they currently do, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. In this conversation with Dan Pontefract, they discuss key concepts from the book including the four benefits of a deep purpose organization. Professor Gulati holds a Ph.D. from Harvard University, a Master's Degree in Management from M.I.T.'s Sloan School of Management, and two Bachelor's Degrees, in Computer Science and Economics, from Washington State University and St. Stephens College, New Delhi, respectively.

Harvard Business School professor and author Ranjay Gulati says that sentiment is growing among business leaders that companies have a larger role to play than simply providing shareholder value. He joined the FM podcast to discuss that topic and others highlighted in his recent book, Deep Purpose: The Heart and Soul of High-Performance Companies. Gulati explains about when he realised the expectation “that businesses have to do more” is growing dramatically and what a leader at Lego said about finding purpose.

Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor of Business Administration and the former unit head of the Organizational Behavior Unit at Harvard Business School. He is an expert on leadership in turbulent times, and his latest book, Deep Purpose: The Heart and Soul of High-Performance Companies (Harper Collins, February 2022), shows how companies can embed purpose to deliver impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. In this conversation with Stanford adjunct lecturer Ravi Belani, Gulati discusses strategies for articulating a deep purpose and infusing it into company actions and culture.

Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor of Business Administration and the former unit head of the Organizational Behavior Unit at Harvard Business School. He is an expert on leadership in turbulent times, and his latest book, Deep Purpose: The Heart and Soul of High-Performance Companies (Harper Collins, February 2022), shows how companies can embed purpose to deliver impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. In this conversation with Stanford adjunct lecturer Ravi Belani, Gulati discusses strategies for articulating a deep purpose and infusing it into company actions and culture.

In this episode, CSB Director CB Bhattacharya is joined from Boston, Massachusetts by Ranjay Gulati, a professor at Harvard Business School and an expert on leadership, strategy, and organizational growth. Until recently, he chaired the Advanced Management Program, the school's flagship senior leader executive program. He has authored seven books, including “Deep Purpose: The Heart and Soul of High-Performance Companies.” His book explores personal and corporate purpose, and provides actionable insights on how businesses can achieve both commercial and social objectives. Gulati has been ranked as one of the top ten most-cited academics in the fields of economics and business by ISI-Incite and has received similar recognition from The Economist, Financial Times, and the Economist Intelligence Unit. His research has appeared in leading academic journals of business, as well as major publications like the Harvard Business Review, Wall Street Journal, Forbes, strategy+business, and the Financial Times. In the Episode Ranjay Gulati and Prof. Bhattacharya discuss - How to handle purpose decay and build a mindset of continuous improvement in terms of purpose over time, - Finding the balance between social and commercial objectives, - Defining personal deep purpose, and more! Sign up to receive bi-weekly episodes right to your inbox: bit.ly/csbpodcastemail Submit your "Sustaining Sustainability" feedback and/or questions: bit.ly/csbpodcastfeedback This episode was researched, recorded, edited, and produced by Prof. CB Bhattacharya and CSB Team of the University of Pittsburgh Center for Sustainable Business: www.sustainablebusiness.pitt.edu Music: "Title" by Artist From the Free Music Archive CC BY NC SA creativecommons.org/licenses/by-nc-sa/4.0/legalcod

In this episode of the Partnering Leadership podcast, Mahan Tavakoli speaks with Professor Ranjay Gulati. Ranjay Gulati's work bridges strategy, organizational design, and leadership.In this conversation, Professor Gulati, who until recently chaired Harvard Business School's Advanced Management Program, spoke about principles shared in his most recent book, Deep Purpose: The Heart and Soul of High-Performance Companies. Ranjay Gulati addressed how organizations can go beyond convenient purpose and meaningless purpose statements to uncover and align with deep purpose. Ranjay Gulati also shared examples of purpose-driven organizations, what gets in the way of achieving purpose, and how leaders can overcome barriers to attaining deep purpose in their organizations.  Some highlights:- Ranjay Gulati on what drove him to study organizational purpose - The difference between convenient purpose and deep purpose- The role of practical idealism in attaining deep purpose- Ranjay Gulati on the difficult decisions and choices leaders need to make when it comes to purpose - How organizations can avoid purpose decayConnect with Ranjay Gulati:Ranjay Gulati on LinkedInRanjay Gulati on TwitterDeep Purpose: The Heart and Soul of High-Performance CompaniesConnect with Mahan Tavakoli:MahanTavakoli.comMahan Tavakoli on LinkedInMore information and resources available at the Partnering Leadership Podcast website: PartneringLeadership.com

My guest today is Ranjay Gulati, an Indian-American organizational scholar and Professor of Business Administration at Harvard Business School.Professor Gulati was ranked as one of the top ten most cited scholars in Economics and Business by ISI-Incite. And The Economist and Financial Times have listed him as among the top handful of business school scholars whose work is most relevant to management practice. Gulati is the author of a number of books, and has been a frequent guest on CNBC and other media outlets. He has also served on the advisory boards of several entrepreneurial ventures.I invited Professor Gulati to be a guest on my show to discuss his most recent book Deep Purpose - The Heart and Soul of High Performance Companies. I wanted to learn about the fatal mistakes leaders make when attempting to implement a reason for being. And I was curious to get his POV on what brands can do to pursue purpose more deeply.

Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor and the former Unit Head of the Organizational Behavior Unit at Harvard Business School. Until recently, he chaired the Advanced Management Program, the flagship senior leader executive program, at the school.Ranjay's book is available now: Deep Purpose: The Heart and Soul of High-Performance Companies.Learn more about Ranjay at: ranjaygulati.com.Support the Show - Become a Patron!Help us grow and become a Patron today: https://www.patreon.com/smartpeoplepodcastSponsors:Cape Clasp - Use the coupon code SMART to save 30% off your first order! https://www.capeclasp.com.Natural Stacks - Get 50% off Neurofuel when you go to https://naturalstacks.com/smartpeople.

Welcome to the What's Next! Podcast with Tiffani Bova.     Ranjay Gulati is the Paul R. Lawrence MBA Class of 1942 Professor and the former Unit Head of the Organizational Behavior Unit at Harvard Business School. Until recently, he chaired the Advanced Management Program, the flagship senior leader executive program, at the school. Professor Gulati studies how “resilient” organizations—those that prosper both in good times and bad—drive growth and profitability. His work bridges strategy (establishing clear strategic pillars for growth), organizational design (reimagining purposeful and collaborative organizational systems), and leadership (fostering inspired, courageous and caring execution). He is the author of a number of books, with the most recent release of “Deep Purpose: The Heart and Soul of High-Performance Companies” in 2022.      THIS EPISODE IS PERFECT FOR… people who want to rediscover their own purpose on a deeper level and support others as they find their own sense of purpose.     TODAY'S MAIN MESSAGE… purpose is a multi-layered concept that spans many different parts of one's life, both personally and professionally. Purpose can provide you the motivation to achieve something beyond the present state of being, guide you in the direction of the goals you truly want to accomplish in life, inspire others to follow in your footsteps, and create connections within communities that align with your goals and share your vision for the future.    WHAT  I  LOVE  MOST… Ranjay is very clear about the need for corporations to understand “purpose.” Defining a strong sense of purpose is good business because if you aren't thinking for the long term, you won't be in business.      Running time: 30:46  Subscribe on iTunes    Find Tiffani on Social:  Facebook  Twitter LinkedIn    Find Ranjay online:  Official Website  Twitter  LinkedIn    Ranjay's Book:  Deep Purpose 

My guest today is Ranjay Gulati. Ranjay is a professor at Harvard Business School and the author of ‘Deep Purpose: The Heart and Soul of High-Performance Companies'. In this episode, we talk about how to harness a sense of purpose to create a great team and the power of good storytelling. Ranjay also offers some leadership lessons from the Seattle Seahawks NFL team and Howard Schultz at Starbucks, and stay tuned at the end for a great story about Ranjay's mum as well. We discussed if people want to have a sense of purpose individually and also corporately:I think it's very clear that we're facing a meaning crisis in the world today. I mean you look at the data on great resignations or great reshuffle or whatever you want to call it. You look at mental health demands being placed on the mental health care system which is flooded. You know, I think people are going through a deep period of introspection. There's a lot of, kind of, all of us have been touched by death, illness and a whole range of things. And so I think rightfully people are interrogating themselves about what's my life purpose. And also what is my work purpose? How do I get more purpose out of my work? And when you ask those questions, I think it forces you to think hard about what am I doing and why am I doing it?Listen to the full episode to know more!✔ Links: Ranjay Gulati:https://ranjaygulati.com/Buy Deep Purpose:https://www.amazon.com/dp/0063088916/ref=cm_sw_em_r_mt_dp_H4JG9PKJ0HBMTYM1JYK3Ranjay Gulati on LinkedIn:https://www.linkedin.com/in/ranjay-gulatiSubscribe to Graham's Newsletter: https://www.grahamallcott.com/sign-upOur Show Sponsors: Think Productive - Time Management Training:http://www.thinkproductive.com​​Useful links:https://www.grahamallcott.com/links See acast.com/privacy for privacy and opt-out information.

You can be a do-gooder or a money-maker — but not both. That's usually the way it goes in business …  But author and Harvard Business School professor Dr. Ranjay Gulati says that it's not so black and white. Dr. Gulati joins host Charles Mizrahi to discuss his book, Deep Purpose: The Heart and Soul of High-Performance Companies, the desire for meaningful work, and whether doing good is good for business. Topics Discussed: An Introduction to Ranjay Gulati (00:00:00) Crisis of Meaning (00:02:03) Voice, Choice, and Purpose (00:6:14) Doing Good vs. Doing Well (00:16:35) Sustaining Profits (00:29:26) Quantifiable Good (00:38:22) More Than Yoga Babble (00:42:45) Purpose Decay (00:50:51) Do-Good Upcharge (00:54:12) Deep Purpose Index (00:58:01) Guest Bio: Ranjay Gulati, Ph.D, is a Harvard Business School professor and a top-10 most-cited scholar in economics and business. His work is featured in Harvard Business Review, The Wall Street Journal, Forbes, and The Financial Times. Gulati studies strategy, organizational design, and leadership within resilient organizations. And he's the author of several bestselling books on business and management. Resources Mentioned: · https://www.amazon.com/Deep-Purpose-Heart-High-Performance-Companies/dp/0063088916 (Deep Purpose: The Heart and Soul of High-Performance Companies) Transcript: https://charlesmizrahi.com/podcast/2022/02/08/deep-purpose-high-performance-companies-dr-ranjay-gulati/ (https://charlesmizrahi.com/podcast/) Don't Forget To... • Subscribe to my podcast! • Download this episode to save for later • Liked this episode? Leave a kind review! Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/1729783 (https://pro.banyanhill.com/m/1729783)

Purpose has become a corporate buzzword over the past decade. Leaders are embracing the idea that companies can't just do well financially; they also have to do good for society. But how many organizations are really walking the talk? Ranjay Gulati, professor at Harvard Business School, has studied how dozens of purpose-driven companies -- from Etsy in the United States to Recruit in Japan -- simultaneously pursue profits. He argues that while we all want a win-win, leaders must also sometimes learn to make thoughtful tradeoffs. Gulati is the author of the book "Deep Purpose: The Heart and Soul of High-Performance Companies” and the HBR article “The Messy but Essential Pursuit of Purpose.”

Deep Purpose: The Heart and Soul of High-Performance Companies by Ranjay Gulati A distinguished Harvard Business School professor offers a compelling reassessment and defense of purpose as a management ethos, documenting the vast performance gains and social benefits that become possible when firms manage to get purpose right. Few business topics have aroused more skepticism in recent years than the notion of corporate purpose, and for good reason. Too many companies deploy purpose, or a reason for being, as a promotional vehicle to make themselves feel virtuous and to look good to the outside world. Some have only foggy ideas about what purpose is and conflate it with strategy and other concepts like “mission,” “vision,” and “values.” Even well-intentioned leaders don't understand purpose's full potential and engage half-heartedly and superficially with it. Outsiders spot this and become cynical about companies and the broader capitalist endeavor. Having conducted extensive field research, Ranjay Gulati reveals the fatal mistakes leaders unwittingly make when attempting to implement a reason for being. Moreover, he shows how companies can embed purpose much more deeply than they currently do, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. To get purpose right, leaders must fundamentally change not only how they execute it but also how they conceive of and relate to it. They must practice what Gulati calls deep purpose, furthering each organization's reason for being more intensely, thoughtfully, and comprehensively than ever before. In this authoritative, accessible, and inspiring guide, Gulati takes readers inside some of the world's most purposeful companies to understand the secrets to their successes. He explores how leaders can pursue purpose more deeply by navigating the inevitable tradeoffs more deliberately and effectively to balance between short- and long-term value; building purpose more systematically into every key organizational function to mobilize stakeholders and enhance performance; updating organizations to foster more autonomy and collaboration, which in turn allow individual employees to work more purposefully; using powerful storytelling to communicate a reason for being, arousing emotions and building a community of inspired and committed stakeholders; and building cultures that don't merely support purpose, but also allow employees to link the corporate purpose to their own personal reasons for being. As Gulati argues, a deeper engagement with purpose holds the key not merely to the well-being of individual companies but also to humanity's future. With capitalism under siege and relatively low levels of trust in business, purpose can serve as a radically new operating system for the enterprise, enhancing performance while also delivering meaningful benefits to society. It's the kind of inspired thinking that businesses—and the rest of us—urgently need.

Companies love to tout their purpose. They come up with a grandiose purpose statement, include it in their advertising, and paint it across their walls. But, when you look closely, there's a lot of confusion about what purpose really means and what value it actually serves. Is a company's purpose only about profit? Or, is it anything but profit? Perhaps purpose and profit should work in harmony to create a win-win? “The word ‘purpose' has been hijacked,” says Harvard Business School professor Ranjay Gulati. He recently conducted extensive field research, interviewing leaders of some of the world's most successful organizations to fundamentally understand what it means to operate from a place of purpose -- or a reason for being. The culmination of his research is his latest book, Deep Purpose: The Heart and Soul of High-Performance Companies. Ranjay joins the podcast to explain what it means to be a “deep purpose” company. He describes what we can learn from leaders who get purpose right -- and use it as a North Star to guide and elevate an organization's people, productivity, and potential. Listen to this episode to learn: • Why business (and life) without tradeoffs is an illusion • How purpose provides clarity on how to prioritize tradeoffs as well as the ability to make demands of company's stakeholders • How leaders like Microsoft CEO Satya Nadella create a sense of purpose within their company to inform culture, organizational design, and people strategy • The opportunity for companies to help their employees (especially younger ones) discover coherence and connection between their purpose in life, career, and job -- the “Holy Grail” of fulfillment • Why great companies look inside before they look outside -- aiming to get a clear understanding of “who I am and why I'm here” • How NFL coach Pete Carroll unlocks “human potential,” and why all company leaders should strive to do the same with their employees

Ranjay Gulati is an organizational scholar and professor of business at Harvard Business School. His latest book, Deep Purpose: The Heart and Soul of High-Performance Companies shares the stories of companies that pursue what he calls a “deep purpose”. Ranjay studied the actions, cultures, and leadership companies pursuing purpose — where they succeed and where they fall short, to help other leaders in “walking the razor's edge” to achieve both commercial value and social good through purpose. Ranjay calls for a reform of business, built around the idea that companies can and should use purpose not only to achieve social good but to help achieve greater commercial performance through clarity of direction and inspiration and engagement of employees. In a conversation with Martin Reeves, Chairman of the BCG Henderson Institute, Ranjay discusses insights from the new book. *** About the BCG Henderson Institute The BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.

Does your purpose align with your business?  In today's episode, we are joined by Ranjay Gulati, a professor at Harvard Business School and an expert on leadership, strategy and organizational growth. He is the author of seven books, including "Deep Purpose: The Heart and Soul of High-Performance Companies," which will be released in February 2022. Gulati believes that leaders today must cultivate courage in others, activating a winning mindset centered around priorities, principles and purpose.  In our conversation today we discuss rediscovering your organization's purpose, how organizational purpose can help leaders navigate tradeoffs on their path to success, and how to fully integrate your purpose throughout your organization's ecosystem. You don't want to miss this episode!  – – –  In today's episode:  7:00-  Reframing the meaning of purpose 12:00- Rediscovering and aligning your organization to its original purpose 16:50- Using your organizational purpose to navigate tradeoffs and make efficient decisions  24:10- How leaders can integrate their purpose throughout the organization – – –  Learn more about Ranjay Gulati and his new book here: Deep Purpose: The Heart and Soul of High-Performance Companies – – –  We believe you matter, your work matters, and your business matters. The 10X Impact Conversations podcast is designed to help you thrive in life and work using science, coaching, and conscious practices you can integrate today. In each episode, our hosts Laura Jaurez and Katie Comtois discuss or interview leaders and experts to uncover how people and organizations are making the world better through their own evolution, relationships, and work. This podcast is a production of 10X Leadership Lab – a conscious executive coaching and consulting practice committed to making the world better by making business better. To learn more about how we can support you and your business, visit us at 10xleadershiplab.com.