Boston Consulting Group (BCG)’s Post

What is the purpose of a business? The past few years have seen growing social, political, and market pressures urging business leaders worldwide to embrace a wider purpose. Read our Agenda article which explores some of the different measures companies can adopt to achieve a wider purpose:  https://lnkd.in/ezBwRrfR   #corporategovernance #corporatepurpose #meaningfulwork

🔑 3 Tips for success in social impact Achieving global business success is inextricably linked to the adoption of #sustainable business strategies. For businesses aiming at the pinnacle of global recognition and impact, it's essential to embrace three critical elements: 1) the ability to scale 2) appropriate technology 3) a commercially sustainable business model. #socialimpact #sustainablebusiness #socialvaluescollective #consulting

Discover the Future of Business with Benefit Corporations! I've just published an in-depth article on the responsibility of directors in benefit corporations, an innovative business model that combines profit with a positive impact on society and the environment. In this article, I explore Italian regulations, the key role of directors, and the challenges and opportunities of balancing economic and social interests. Read the article to understand how benefit corporations are redefining the business landscape, promoting sustainability, and building a lasting competitive advantage.

Fifteen nature-positive business transitions could create USD 1.9 trillion in annual business opportunities by 2030 in China, according to the World Economic Forum. What would the nature-positive transition mean for your business? Have you considered how nature-positive business practices can facilitate the restoration of natural systems while supporting your ongoing success? Our system-wide impacts series examines how a business’s external impacts can become financially relevant over time. This is post three of ten and focuses on connections between business and nature. The above figure is cited in the Impact Management Platform and World Economic Forum reports. #doublemateriality #impact #nature

Nature-positive solutions are fast emerging as a significant market opportunity. By going nature-positive, your business could capture new and lucrative commercial opportunities - and protect and restore the natural environment. #naturepositive #biodiversity #opportunity #sustainablebusiness

Recruitment Businesses are you prepared to win more tenders and new business? Unlock the power of social value for your organization! In today's purpose-driven world, businesses and organizations are increasingly focused on generating a positive social and environmental impact beyond just profits. That's where The Social Value Company comes in. They’re experts in helping you understand, measure, and maximize the social impact of your work. Here's what you get when you partner with them; Data-driven insights: They quantify your social value, providing a clear picture of your positive contributions to society. Strategic guidance: They help you integrate social value into your decision-making for better outcomes that benefit stakeholders. Brand enhancement: Communicating your social impact strengthens your reputation and attracts socially conscious clients and talent. Tender and grant success: Demonstrating social value gives you a competitive edge in bidding processes. Improved ESG performance: Align your business with Environmental, Social, and Governance factors, attracting ethical investors. Partnering with The Social Value Company means: Unlocking hidden value: Discover the positive change you're already making Driving meaningful impact: Create intentional strategies that maximize social benefits. Building a better future: Contribute to a more just and sustainable world. Are you ready to put social value at the heart of your operations? Contact….. Charlie Collier Chris Morgan #socialvalue #impact #ESG #sustainability #purpose

In today's world, businesses are no longer defined solely by their bottom line. A new wave of companies is emerging—those that prioritise purpose alongside profit. These purpose-driven businesses are not just meeting the demands of their customers but are also paving the way for positive change in society and the environment. #BrandPurposeActivation #PurposeDrivenBusiness

It is crucial to promote inclusive economic growth throughout development. It is crucial to promote inclusive economic growth and achieve long-term success. By actively participating in initiatives that support emerging businesses, established corporations unlock numerous benefits: 📈 Enhanced corporate reputation and brand loyalty 🌐 Access to new and diverse markets ✅ Compliance with transformative legislation 🧠 Skills development and capacity building But the impact extends far beyond immediate gains. Enterprise development stimulates innovation, mitigates risks through diversification, and aligns businesses with government incentives and partnerships. At the core of these efforts lies a commitment to creating a harmonious society where businesses and communities thrive together. Join us in exploring how enterprise development can be a powerful catalyst for sustainable growth and a more inclusive future. #EnterpriseDevelopment #InclusiveGrowth #SustainableBusiness

Purpose and Profit in Business – Striking a balance In the dynamic landscape of modern business, the age-old debate persists: Purpose or Profit? As professionals, it's crucial to recognise that the two are not mutually exclusive. Rather, they should work in tandem, each complementing the other. Companies with a clear sense of purpose tend to foster a positive corporate culture, attract top talent, and build strong relationships with customers. Purpose-driven initiatives contribute to a company's long-term sustainability and resilience. However, it's essential to acknowledge that profit is the lifeblood of any business. Sustainable profits empower organisations to invest in innovation, create jobs, and make a more significant impact on societal issues. The key lies in finding the equilibrium between purpose and profit. By aligning business strategies with meaningful values and societal needs, organisations can create a positive impact while ensuring financial success. In the end, it's not about choosing one over the other but understanding that a purpose-driven approach can enhance the overall profitability and longevity of a business. Let's work towards a future where purpose and profit coexist harmoniously, driving success on all fronts. #PurposeAndProfit #BusinessEthics #SustainableSuccess

Sustainability is key in today’s business world. We’ll explore how to build a business model in the U.S. that’s not only profitable but also sustainable in the long run. From eco-friendly practices to ethical business decisions, let’s discuss how sustainability can be a core part of your U.S. expansion. #SustainableBusiness #USMarketEntry