The Business Roundtable is a nonprofit organization whose members are leaders and CEOs of major US businesses. The Business Roundtable issued a statement that businesses must take into consideration more than shareholder value. This expanded perspective places a heightened emphasis on businesses to consider employee development and consumer value.
Businesses are being asked to explain their why. Frameworks like Benefit Corporation and B Corp are helping businesses to transform themselves and to redefine the meaning of success.
Benefit Corporations and B Corps can change the economy and the world. Inc Magazine highlights Jay Coen Gilbert’s journey from successful for-profit entrepreneur to starting a non-profit focused on championing purpose-driven business practices.
Blackrock Capital is the world’s largest asset manager. Blackrock CEO, Larry Fink, is believes that businesses leaders must identify and incorporate purpose in their decision making. Fink discusses the inextricable link between profits and purpose.