Leading With Care and Purpose
Welcome to the Innovative Leadership Newsletter, brought to you by the Innovative Leadership Institute, where we bring you thought leaders and innovative ideas on leadership topics each week. This interview is part of the International Leadership Association Series. This series features guests from the International Leadership Association 2022 Global Conference held in Washington, D.C., in October 2022.
This week’s article is written by Maureen Metcalf, founder and CEO of the Innovative Leadership Institute. It is a companion piece to her interview with Sudhanshu Palsule and Raj Sisodia on Innovating Leadership, Co-creating Our Future titled Leading With Care and Purpose which aired on January 31, 2023.
Sudhanshu Palsule is an award-winning educator, leadership philosopher, CEO advisor, author, and speaker. He is regarded as one of the leading thinkers in the fields of Transformative Leadership and Leading in Complexity. Raj Sisodia is FEMSA Distinguished University Professor of Conscious Enterprise and Chairman of the Conscious Enterprise Center at Tecnologico de Monterrey in Mexico and Co-Founder and Chairman Emeritus of Conscious Capitalism Inc.
|Short clip from the interview:||Link to the entire interview:|
Listen to the companion interview and past episodes of Innovating Leadership, Co-Creating Our Future via Apple Podcasts, TuneIn, Stitcher, Spotify, Amazon Music, Audible, iHeartRADIO, and NPR One.
We are living in a transformative time, where people are increasingly aware of the need to shift away from a profit-driven model to one based on purpose and caring. Sudhanshu Palsule is an expert in Transformative Leadership and Raj Sisodia is a leading voice in growing movement of Conscious Capitalism, which seeks to create a new story for business. But what does this new story look like? We can bridge the gap between the current system and the new paradigm by following these steps to achieve conscious awakening:
1. Recognize the four pillars of conscious capitalism: a higher purpose, a stakeholder mindset, conscious leadership, and a caring and trusting culture.
All four pillars are key to creating a more meaningful, purpose-driven business, but higher purpose is at the very core of conscious capitalism. It reflects the values and beliefs of your business and provides a clear and compelling reason for why the business exists. It becomes the north star for you and your team.
A stakeholder mindset looks beyond just shareholders to the well-being of all stakeholders, including employees, customers, suppliers, and the community. You view everyone your business affects – and who, in turn, affect your company.
Conscious leadership is about leading with empathy, care, and awareness. That care extends to yourself; the healthier and more whole you are, the better you can lead!
Finally, a culture of caring and trust creates a safe and productive environment for employees, customers, and other stakeholders. It’s an inevitable byproduct when you’re practicing conscious leadership.
Raj Sisodia’s research shows that, working together, these four pillars help business thrive and create real value for stakeholders.
2. Understanding the human need for purpose.
A sense of purpose is a fundamental need for people across cultures. Indeed, it’s been shown as a vital element in talent acquisition and retention: high-performing employees and leaders require a sense of working for something bigger than themselves to feel fully engaged (and productive) at work.
On the Innovating Leadership podcast, Raj Sisodia and Sudhanshu Palsule discussed the importance of businesses setting a purpose beyond simply making money. Even Adam Smith, the formal founder of capitalism itself, firmly believed businesses have a higher purpose, a social responsibility to their employees and communities.
Raj and Sudhanshu also explored how understanding the need to care is a fundamental part of leadership. It allows a leader to look beyond simply maximizing profits and consider the human cost of doing business.
3. Help our culture grow a higher mindset to bring mainstream leadership out of its archaic Industrial Era practices and into a 21st Century model.
To reach this more relevant mindset, we must awaken to our individual purpose and potential, and recognize our connection and dependence on our coworkers, our communities, and the rest of the world. No person, no company, is fully local: we’ve been tied to a global economy from the very outset of civilization 5,000+ years ago.
Strive to create your new narrative to match the new, post-Industrial, and post-COVID world around you. Along with purpose, focus on creating value rather than simple profit.
It will be a difficult journey: even now, we see the old system fighting it, trying to make everyone stay with the old, outmoded but comfortably familiar mindsets. But the rewards are unparalleled: you’ll help create a more inclusive, conscious, purposeful, and higher-valued business world.
No matter what level of business you are in, you can make a difference. Believe in yourself, trust in your vision and values, and always remember that you can achieve great things.
ABOUT THE INTERVIEW GUESTS:
Raj Sisodia is FEMSA Distinguished University Professor of Conscious Enterprise and Chairman of the Conscious Enterprise Center at Tecnologico de Monterrey in Mexico. He is also Co-Founder and Chairman Emeritus of Conscious Capitalism Inc. Raj has a Ph. D. in Business from Columbia University. His fifteen books include Conscious Capitalism (2013), Everybody Matters (2015), Firms of Endearment and The Healing Organization. Raj has worked with numerous companies, including AT&T, Verizon, LG, BorgWarner, Kraft Foods, Whole Foods Market, Tata, Siemens, Sprint, Volvo, IBM, Walmart and McDonalds. Raj received an honorary doctorate from Johnson & Wales University and has served on the boards of Mastek and The Container Store.
Sudhanshu Palsule is an award-winning educator, leadership philosopher, CEO advisor, author, and speaker. He is regarded as one of the leading thinkers in the fields of Transformative Leadership and Leading in Complexity. Author of several books, his latest book, “Rehumanizing Leadership” was published in 2020. Sudhanshu is a fellow at Cambridge University’s Institute for Sustainability Leadership. He is also an Educator and Academic Director at Duke CE (part of Duke University, USA). He has written several books including The Social Leader, Managing in Four Worlds, The Ecology of Organizations, Personal Growth, and Science, Technology, and Social Change.
Ready to measure your leadership skills? Complete your complimentary assessment through the Innovative Leadership Institute. Learn the 7 leadership skills required to succeed during disruption and innovation.
- Take the next step with this 30-minute course on Leading during Disruption
- Review our Comprehensive Leadership Development programs and find your perfect fit!
- Follow the Innovative Leadership Institute LinkedIn page
- Subscribe to Innovating Leadership and listen on your favorite podcast platform
- Subscribe to our blog – Insights
Check out the companion interview and past episodes of Innovating Leadership, Co-Creating Our Future via Apple Podcasts, TuneIn, Stitcher, Spotify, Amazon Music, Audible, iHeartRADIO, and NPR One. Also, stay up-to-date on new shows airing by following the Innovative Leadership Institute on LinkedIn.
Leave a ReplyWant to join the discussion?
Feel free to contribute!