For decades, the commonly accepted purpose of a corporation (or any company for that matter) has been to ensure the interests of shareholders always came first.
But today, we’ve finally reached a point where most leaders realize that a “profits over people” philosophy has proven to be an entirely unsustainable way to run a business. Amongst its many great harms, it’s produced record low employee engagement across the globe, massive wealth inequality, increasing numbers of people living paycheck-to-paycheck – and a stunning spike in depression, anxiety & other stress related health problems.
In light of these dire trends, the Business Roundtable, an association of 181 of America’s top CEOs, recently committed to more fairly supporting the needs of all their other stakeholders – their customers, employees and communities. But because their pledge is light on details, timelines and accountability – the urgency to make a truly meaningful and timely pivot remains in question.
In their new book, “The Healing Organization: Awakening the Conscience of Business To Help Save The World,” Conscious Capitalism pioneers, Raj Sidsodia & Michael Gelb assert that no more time can be wasted. We’ve not only reached an inflection point where bold leadership action must be taken, they’re convinced our companies must be reinvented and remade into “healing forces.”
“In Search Of Excellence” author, Tom Peters passionately recommended Raj and Michael’s work – and Michael joins us on the podcast to share stories of well-known companies like Shake Shack, Hyatt Hotels and Kind Bars who’ve already earned profound loyalty and profits by operating in ways that inherently “heal” their employees, customers and communities. Each of these businesses embody what’s become the new formula for organizational success.
In a world that urgently needs healing on many levels, a movement to reinvent capitalism so it serves the needs of all constituencies already has great momentum. Listen in to hear what motivated so many top CEOs to create healing organizations – and how individual managers like you can play a meaningful role in making it happen in yours.