If you pay any attention to business news and trends, then you have probably noticed an increase in the number of companies embracing “social impact” as a core value. Consumers are taking notice, as a 2018 study found that 78% of Americans expect companies to go beyond making profits; they must also positively impact society. …
As a company whose success (staying in business) relies on revenue, there is a tension between profitability and mission. We can’t achieve our mission if we can’t succeed as a business. However, we do not want to succeed solely through profits and charitable giving.
The Fourth Industrial Revolution
Technology has the power to transform our world on a scale that is unprecedented. How might we, as social good organizations, learn, adapt, and benefit from these shifts?