The Happiness Squad Podcast with Ashish Kothari The Power of Purpose-driven Organization with Alex Edmans
Here's a thought: What if the real secret to making more money was to focus less on the money itself? True success in organizations isn't just about chasing profits, but about being driven by a genuine purpose. It’s about making a meaningful impact, serving a greater cause, and adding value to the world.
In this episode of the HAPPINESS SQUAD Podcast, Ashish chats with Alex Edmans, a multi-award-winning professor of finance at London Business School with a PhD in finance from MIT Sloan. As a Fulbright scholar, he joined Wharton in 2007 before moving to London Business School. His TED talk, "The Pie Growing Mindset” and “The Social Responsibility of Business," has a combined 2.8 million views. He's written for the Wall Street Journal, Financial Times, and the Harvard Business Review.
The focus of this conversation is Alex's book, 'Grow the Pie: How Great Companies Deliver Both Purpose and Profit'. Through quantitative research, Alex introduces the concept of growing value for all stakeholders rather than merely dividing it. He presents three pivotal principles that guide organizations in defining their purpose.
Ashish supplements this with examples from his own work, ensuring that leaders, shareholders, or stakeholders of organizations will benefit.
Ready to redefine success and discover the power of purpose in organizations? Listen to this episode now!
Things you will also learn from this episode:
• The concept of ‘growing the pie’ and long-term greed
• The correlation and causation of employee satisfaction and stock returns
• The power of purpose in maximizing profit
Resources:
• Alex Edmans’ website: http://www.alexedmans.com/
• Growth the Pie website: http://www.growthepie.net/
• TED Talk: The Pie-Growing Mindset https://www.ted.com/talks/alex_edmans_the_pie_growing_mindset
• TED Talk: The Social Responsibility of Business https://www.youtube.com/watch?v=Z5KZhm19EO0
Books:
• Grow the Pie: How Great Companies Deliver Both Purpose and Profit