Purpose is defined as “the reason for which something exists or is done, made, used, etc.” Executives often focus on traditional success metrics, such as profitability, as they start their ventures.

In life, the only constant is change, and the same is true in business as well. While businesses are typically created around a vision or specific purpose, the evolving reality of running a business ...

Companies that can connect purpose to the bottom line will gain a competitive advantage. For the rest, the idea will fade ...

Opinions expressed by Entrepreneur contributors are their own. Your company’s purpose is the valuable reason it exists. Purpose-driven businesses focus on that purpose and align everything else around ...

Today more than ever, the evidence is clear that businesses need to find and communicate a purpose beyond making a profit to ensure customer engagement and drive results in the marketplace. In my work ...

In the wake of a tumultuous year for ESG, many business leaders are asking what comes next not just for environmental, social, and governance issues, but for corporate purpose overall. And while the ...

Looking at the world’s top companies, some are innately purposeful while others become more purposeful daily. This comes as no surprise, given the rising public scrutiny around climate, Covid, and ...

Whether reluctantly or willingly, corporations have taken up the charge, touting their purpose statements and seemingly declaring in every sentence that they are “mission-driven.” The “great ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. This article is more than 3 years old. NEW YORK, NEW YORK - SEPTEMBER 14: A ...

All expenses, whether via ShopBlue, Procurement Card, Travel Expense, or eReq, require a business purpose. The business purpose should be detailed to allow the reviewer to determine that the ...

Likely, either the partnership or limited liability company is the most flexible of entities now available for business- or investment-related ventures. Whether either such entity is a partnership for ...

The New York Times reported in mid-September that Yvon Chouinard, the founder of clothing-maker Patagonia, has transferred the voting stock of this $3 billion company to a purpose trust (representing ...