Defining what your company stands for—even if it doesn’t sell directly to consumers—can help attract talent and grow your business.
It’s no longer enough for companies to just create a good product. Consumers want to support businesses that have a purpose, with values that align with their own, and that really act on those principles—not only use them for marketing purposes. The business world is changing, but it might be easy to assume that a purpose is just good marketing for companies that want to sell products to bleeding heart consumers. But even business-to-business companies are coming to understand the importance of “purpose,” according to a new report, and it could help them attract and retain talent, grow their business, and help their communities—but there’s still a gap between what these companies say they care about, and what they actually do.
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