Social Impact
Key Takeaway: Complete commitment to social purpose can result in extreme profitability due to the ‘obliquity principle’.
The ‘Obliquity Principle’: Explains that complex goals are best achieved indirectly. In business this translates to customers and employees feeling cared for, and caring for a business as a result.
How one company (Eisai) achieved profit with complete social commitment:
1. Shareholders voted to replace profit-maximation with social purpose in their by-laws
2. Eisai gives free drugs to WHO
3. Company maintains a market cap of $16.3B and 10,000 employees.
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