Purpose-Driven Profit: Building the VisionBridge to Collective Success
In today’s business world, success must go beyond the bottom line. As Professor Colin Mayer CBE aptly puts it, “Businesses need to make a profit, but profit should be made through solving problems for people and planet, not creating them.” Here at nuutology we champion this view, seeing purpose as the core of sustainable success AND what will bring true equality of opportunity to society. By applying frameworks like Doughnut Economics, the Institute of Directors (IoD) Code of Conduct, and our own #Base41Trilith, we can guide organisations on a journey that redefines profit as part of a deeper, shared and impactful mission.
This comprehensive approach, starts with the #VisionBridge. It serves as a strategic path connecting an organisation’s current state, origin story and unwavering values to its Endgame—an ideal future ecosystem where success is not just probable but inevitable.
Here’s how purpose-led companies can lay the foundations to build their VisionBridge, measure collective success, and use purpose to transform from profit-centric entities to impact-generating organisations that ultimately become more profitable!
Purpose-Driven Profit and Doughnut Economics
The VisionBridge begins with a redefined concept of profit: purpose-driven growth that respects both societal needs and environmental limits. This concept is aligned with Doughnut Economics, a framework developed by economist Kate Raworth . Doughnut Economics promotes growth within a “safe and just space,” ensuring that economic activities fulfil social responsibilities without crossing ecological boundaries. For businesses, this means innovating and scaling in ways that profitably solve problems rather than creating them.
https://www.youtube.com/watch?v=talXb1wiEFY&themeRefresh=1 - check out Kate explanation in the video link above.
Our VisionBridge concept builds on this by inviting companies to see profit as the outcome of creating societal value that creates a generational legacy. Through a deep extraction process, organisations are helped to define a purpose that resonates with their true capabilities, principles and community role. Unlike superficial mission statements, a genuine purpose is connected to a company’s actual product, ethos and more importantly STORY—creating a compelling and authentic narrative that employees, stakeholders, and communities can buy into and invest emotionally to help promote business growth, agility and loyalty to the cause.
Principles for Ethical Leadership
In October 2024, the Institute of Directors (IoD) introduced a new Code of Conduct, emphasising ethical leadership and purpose-driven governance. This code is organised around six guiding principles:
1) Leading by Example,
2) Integrity,
3) Transparency,
4) Accountability,
5) Fairness,
6) Responsible Business.
By aligning with these principles, directors create a culture where purpose drives decision-making, and each action is measured against its impact on society and the environment.
This approach aligns with Doughnut Economics by embedding values-driven governance that encourages responsibility and trust. When businesses commit to ethical and sustainable practices at the leadership level, they foster a culture that employees and stakeholders alike can trust and rally behind. The Code of Conduct thus becomes part of the VisionBridge, helping businesses connect purpose to everyday actions.
Building a Strong Foundation for Success
Supporting the VisionBridge is nuutology ’s Base41 Trilith, a framework designed to provide stability and adaptability for sustainable growth.
The Trilith consists of two essential pillars:
When these pillars are in balance, they provide a stable foundation for profitable purpose-led growth. Competencies ensure the business can operate efficiently and flexibly, while the Endgame Strategy aligns every action with emotional investment and connection. Together, they create a self-sustaining structure that attracts talent, investment, and community support, ensuring the business can adapt, innovate, and thrive.
Measuring Success through Collective Impact
A purpose-driven organisation measures success not by individual performance alone but by assessing the collective impact of its environment and culture. This shift in measurement focuses on how well the organisation’s purpose resonates throughout its ecosystem, from employees to external stakeholders.
Collective Success as the New Standard
The VisionBridge and Base41 Trilith provide a roadmap for companies to redefine success as a collective journey rather than a series of individual achievements. By aligning with Doughnut Economics and the IoD Code of Conduct, businesses can foster environments that prioritise collective health, psychological safety, and social impact.
This approach shifts the focus from maximising profits to maximising shared value, creating an organization where success is inevitable and more profitable as defined by studies from organisations such as Gallup who have found companies with engaged teams are 20% more productive than companies with disengaged teams.
Build Your VisionBridge for Purpose-Driven Profit
The future of business lies in the VisionBridge—moving beyond traditional profit models to embrace a purpose-driven approach that benefits both people and the planet.
Are you ready to redefine your business success by focusing on collective impact and ethical growth?
Join us in building companies that prioritise purpose, ensuring that the journey to profitability is meaningful, inclusive, and sustainable.
Together, let’s create a business world where impact and success are one and the same.
Follow us nuutology for more insights as we begin our journey to change the world, one vision at a time.
???????????????? | Stop Surviving: Start Thriving on Purpose | CEO | Founder | NED & Board Sales & Growth Advisor | Professional Singer | Believer in Equality of Opportunity and Breaking Barriers | Fractional
1 个月https://www.icloud.com/iclouddrive/0f1GJepDgOCUF7YLvmZ6Q2tkw#VisionBridge_Nuutology_Ltd_OCT_2024-compressed_(1) See our Visionbridge for example.
???????????????? | Stop Surviving: Start Thriving on Purpose | CEO | Founder | NED & Board Sales & Growth Advisor | Professional Singer | Believer in Equality of Opportunity and Breaking Barriers | Fractional
1 个月So, do you have an endgame strategy in place? Do you really have a compelling purpose and corporate narrative? Love to hear about those that do
It takes a community to take care of a business. Your people are your community. Your community needs an environment where everyone thrives. The Endgame is just the beginning.