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Contemporary
21st Century Leaders Redefine Wealth
By Renee
Moorefield, PhD
“Is
life really a game of just survival? Must dog eat dog?
Can there be no meaning beyond making money and acquiring
power, both of which can be lost in a heartbeat? Is there
a way that matters by which I can contribute, not just
to my family, but to my neighbors, the truly disadvantaged,
my peers, my country - the global village?
A
growing number of business people have begun answering
these questions in an altruistic manner. No longer is their
goal solely to look out for number one - themselves - but
now, it’s
also to contribute to the greater good in a particularly
novel way - through their business practices.”
- Daryl
Paulson, Author and CEO of BioScience Laboratories, Inc.
As
leaders, we’re
overrun with a staggering number of decisions to make every
day, choices that affect the future of our companies, whole
cultures and our daily lives. We must tirelessly invent new
products, services and, often, entire markets, but privately
we long to lean on what worked in the past. We feel pressured
by Wall Street for increased stock value each quarter, yet
our gut tells us to keep an eye on our company’s fitness
for the long haul. We try to stay focused on the business
of doing business, but we can only do so by navigating difficult
social issues. Likewise, we want to improve our health and
our personal relationships, yet struggle with the weight
of work on our shoulders. Every moment seems like a compromise,
a juggling act, a constant “give and take” with
no end in sight. To make matters worse, no one else can fix
our dilemmas. No other company or leader seems to make decisions
any better than we do. The stark truth is this: the world
is constantly shifting right before our eyes, causing us
to reevaluate our work and our lives, and we can’t
succeed any longer using the uninspired approaches of our
past. We can either stick our head in the sand or discover
a fundamentally new way to see our problems, a new way to
make decisions, a new way to relate to others, and, ultimately,
a new way to direct our businesses and our lives. We must
become a 21st century leader.
21ST
CENTURY LEADERS STRIVE TO TRANSFORM RESOURCES – HUMAN,
FINANCIAL, NATURAL AND OTHERWISE – INTO RELEVANCE
FOR BUSINESS AND SOCIETY. |
WHO IS A 21ST CENTURY
LEADER?
21st
century leaders, and the businesses they lead, come in all
shapes and sizes. An example is Ari Weinzweig and Paul Saginaw,
owners of the wildly popular Zingerman’s Deli, a mid-sized Ann Arbor,
Michigan company, achieving sustained growth year after year
through passion, purpose and principled, well-managed strategies
that benefit their business and local community. Another
is Iqbal Quadir, founder of Bangledesh’s now largest
phone company, using the savvy of business to not only provide
communication services to over 50 million people, but also
to encourage democracy in the region. A 21st century leader
is Linda Distlerath, head of Global Health Policy at pharmaceuticals
giant Merck & Company, collaborating with The Gates Foundation
to guide a multi-year, $50 million strategy for mitigating
AIDS in Botswana.
PROGRESSIVE,
SOCIALLYCONSCIOUS PRACTICES ARE THE ONLY STRATEGY FOR
SUSTAINED, HEALTHY BUSINESS PERFORMANCE. |
Leader, Dianne Culhane,
head of Employee Communications at The Coca-Cola Company
takes care of her health as an individual so that she has
stamina, emotional grit and ingenuity to meet the world-spanning
demands of her frenetic job.
The
21st century leader may be you, too, if you long to use your
self and your leadership as tools to help business and humankind
function on a higher ground. 21st century leaders strive
to transform resources – human,
financial, natural and otherwise – into relevance for
business and society. Instead of treating new markets, breakthrough
technologies and business profits as savior, 21st century
leaders see these as instruments of a more authentic aim:
constructive, long-lasting change. Instead of growing organizations
and brands for the sake of reputation or size, 21st century
leaders use the power of their organizations and brands for
the sake of greater well-being and effectiveness no matter
where they operate. These leaders stand apart from the success-at-any-cost
management style of the last few decades.
How
Can You Lead a Business of Wellth?
In
business, what gets measured frequently gets achieved.
Shift toward measures of wellth in your organization
by asking the following questions first:
-
What
wellth-driven measures could drive our company?
-
What
would these wellth-driven measures require of
the decisions within our company and our actions
in the marketplace?
-
What
would wellth-driven success require of me personally?
“Wellth” is
the generation of sustainable value positively felt
by humanity and company. |
They
rise above conventional corporate logic to generate enlightened
results. This isn’t
purely altruistic or a public relations ploy as some people
might think. 21st century leaders know that modern issues
and business success are undeniably coupled; as a result,
progressive, socially-conscious practices are the only strategy
for sustained, healthy business performance. (See challeges
and opportunties.)
Essentially, the 21st
century leader is carving out a new consciousness for living,
working and leading that stands the traditional model of
business on its head and redefines wealth altogether.
The
genuine effect is what I call “wellth,” a new ideal which embraces
sound economics and good health for a more integral aspiration:
the generation of sustainable value that’s positively
felt by humanity as much as it is by companies. Through their
wisdom, visions and deeds, 21st century leaders are creating
new reference points of wellness and balanced growth from
which to measure leadership and business success.
| C
H A L L E N G E S |
O
P P O R T U N I T I E S |
| Because
of the challenges and opportunities unique to modern
society, 21st century leaders see progressive business
practices as a means to sustainable growth and performance.
How are you and your business responding to these challenges
and opportunities? |
Conscientious
Consumers
Consumers who hold companies to a higher standard than simply providing
a breadth of low-priced and convenient goods and services. Now, what you
stand for as a company and how your products contribute to society impacts
your profitability. |
Billion
Dollar Market
A $230 billion and growing market of consumers who are:
- intensely brand-loyal
- highly influential over family and friends
- swaying a shift toward healthier choices
worldwide
- less sensitive to the price of products
and services. |
Wary
Investors
Investors who (thanks to the Internet and media) can and do scrutinize
the details of corporate governance. They will rapidly punish your stock
at the slightest sign of impropriety. |
A
Reputation of Integrity
A chance to create a company brand that radiates integrity - one that contributes
to a greater good, is resilient in economic downturns, and stands on its
own ethics before the scrutiny of consumers, workers and investors alike. |
Enlightened
Workers
Workers who are more apt to define the terms of their work with or without
a company. Other priorities (health, family, where they live, personal
dreams and so on) now take precedence. |
Creative
Capital
A pool of professionals whose values, work and life styles highly correlate
with the fundamental driver of our economy: creativity, the critical resource
for all new technologies, knowledge, industries and sustainable wealth. |
Ethics
Requirements
Governments, social action groups, nongovernmental organizations, vendors
and customers who require - whether through legal means or social pressures
- a higher standard of ethics and accountability before entertaining the
idea of doing business with you. |
Better
Partnerships
Stronger business partnerships based on mutual advantage, values, trust
and accountability. These healthier relationships enable shared innovations
and business practices to emerge, such as radical product designs and cross-marketing.
All parties get to capitalize on these win-win approaches. |
Short-Sighted
Leaders
Leaders who rely on traditional, ineffective and even harmful modes of
decisionmaking, based on business models designed to manage the company
purely to a shortterm financial bottom line. |
Progressive
Leadership
Leaders who understand how to:
- manage and measure performance based on a broader definition of business
success - work with complex systems
- choose the most powerful actions for healthy financial and societal returns. |
Author Renee Moorefield is founding partner of Wisdom
Works, a Colorado-based firm specializing in leadership health
as a strategy for conscious, sustainable business and society.
To learn more about the programs and services of Wisdom
Works, call 303.772.9000 or visit www.wisdom-works.net.
This article is adapted from “Driven by Wellth: the
7 essentials for healthy, sustainable results in 21st century
business & leadership,” by Julie Maloney and Renee
Moorefield, Ph.D. Order the book today at: www.drivenbywellth.com. |