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Lessons from Companies That Put Purpose Ahead of Short-Term Profits

Andrew White, Next Practice Institute Faculty

Lessons from Companies That Put Purpose Ahead of Short-Term Profits

Andrew White, Next Practice Institute Faculty

Professor Andrew White, the Program Director of the Oxford Advanced Management and Leadership Program at the Saïd Business School, discusses how some corporations are redefining their purpose beyond profit, making decisions that prioritize long-term value creation and sustainability over short-term gains. It emphasizes the importance for leaders to accept, confront, and transcend paradoxes between purpose and performance in order to drive innovation, growth, and trust in their organizations (2016).