Business Transformation Requires Transformational Leaders

Dee Corrigan, Lauren Elliott, Gethin Hine, and James McCarthy highlight The Purpose-in-Practice Community (hosted by A Blueprint for Better Business, a UK-based charity). Together, more than 200 business leaders are charting a path to putting purpose at the heart of business. Their article coaches leaders on how to drive purpose, how to become a purpose driver, and how to steer clear of purpose traps on their lifelong journey to success. The authors share key practices and set guideposts in the journey toward purpose.

Coro Strandberg urges us to radically reimagine the purpose of business. She calls for “social purpose” and blueprints the purpose economy. The article offers multiple strategies (identifying, consulting, and engaging the social purpose community; deploying purpose economy levers of change; and providing tools and resources for the business community and ecosystem actors) that can help regions and nations begin the process of architecting the purpose economy. Strandberg showcases the Canadian Purpose Economy Project, which aims to accelerate Canada’s transition to the purpose economy and explains how ecosystem builders can help social purpose companies start, transition, thrive, and grow.

Do most leaders “have” purpose? If so, how do they “hold” it as they traverse various levels (individuals, teams, organizations, partnerships, sectors, regions, countries, continents) in their quest for success? The goal of the seven articles in the first installment of this two-part Amplify series is to demystify leaders’ journey to purpose. The focus of this issue is detecting and connecting purpose at various levels across the lifespan of purpose-driven leadership. The main takeaway is that having and holding purpose helps leaders shift from surviving to thriving in an inequitable world.

There are many perspectives on what constitutes “good” nonprofit organization (NPO) governance. Even so, most agree that, given the behavioral expectations faced by NPO board members, strong judgment (informed by the dimensions of leader character) must combine with instrumental skills to underpin all decisions made by the board.

Cutter contributor and data business leader Myles Suer recently spoke to a group of CIOs to discuss lessons learned from last month’s CrowdStrike debacle. This Advisor shares their insights and provides key takeaways for business leaders about crisis management and resilience.

Airports can be viewed as microcosms of cities and, as such, offer important lessons to public sector entities around the world. Specifically, emulating the strategies used by airports during the pandemic can help municipalities and others become more resilient. In this Advisor, Denver International Airport CEO Phillip Washington offers a firsthand view into how airports were able to survive, rebound, and move forward after the pandemic-induced downturn.

Women of color are equipped with tried-by-fire strengths that stem from endurance, perseverance, and survivorship. By utilizing these qualities, businesses can expand and grow to meet the diverse needs of their customer base.

Through a recent executive leadership roundtable, we learned that top leaders tend to construct their ESG strategies through three lenses (or frames): Games (with referees and rules), Positions (with some being deciders and some doers), or Capitals (with money overpowering other capitals). In short, as this Advisor explains, ESG strategies are neither given nor static. Rather, they evolve depending on the character dimensions of the leaders who envision and enact them.