Episode 47

Published on:

7th Nov 2023

The Power of Purpose-driven Organizations with Alex Edmans

Here's a thought: What if the real secret to making more money was to focus less on the money itself? True success in organizations isn't just about chasing profits, but about being driven by a genuine purpose. It’s about making a meaningful impact, serving a greater cause, and adding value to the world.

In this episode of the HAPPINESS SQUAD Podcast, Ashish and Anil chat with Alex Edmans, a multi-award-winning professor of finance at London Business School with a PhD in finance from MIT Sloan. As a Fulbright scholar, he joined Wharton in 2007 before moving to London Business School. His TED talk, "The Pie Growing Mindset” and “The Social Responsibility of Business," has a combined 2.8 million views. He's written for the Wall Street Journal, Financial Times, and the Harvard Business Review.

The focus of this conversation is Alex's book, 'Grow the Pie: How Great Companies Deliver Both Purpose and Profit'. Through quantitative research, Alex introduces the concept of growing value for all stakeholders rather than merely dividing it. He presents three pivotal principles that guide organizations in defining their purpose. 

Ashish and Anil supplement this with examples from their own work, ensuring that leaders, shareholders, or stakeholders of organizations will benefit. 

Ready to redefine success and discover the power of purpose in organizations? Listen to this episode now!

Things you will also learn from this episode:

  • The concept of ‘growing the pie’ and long-term greed
  • The correlation and causation of employee satisfaction and stock returns
  • The power of purpose in maximizing profit



Show artwork for The Happiness Squad

About the Podcast

The Happiness Squad
Welcome to Happiness Squad.

This is the podcast dedicated to helping you unlock your full potential by mastering the art and science of happiness.

We bring on the best leading experts on these topics to help you unlock your true potential and live with more joy, health, love, and meaning in your life.

Your host is no other than Ashish Kothari who is on a mission to provide you with an unfair advantage to be the masters of your experience and leaders in your industry.

Get ready to be moved, challenged, and enlightened on this podcast. It may change your life.

Thanks for being here and joining the squad!
Learn more: https://happinesssquad.com/

About your hosts

Ashish Kothari

Profile picture for Ashish Kothari
Ashish Kothari is the founder and CEO of Happiness Squad, a company focused on democratizing happiness and touching a billion+ lives over the next 20 years and helping them live with more joy, health, love, and meaning.

Prior to founding Happiness Squad and writing his best-selling book “Hardwired for happiness”, Ashish spent 25 years in consulting, including the last 17 at McKinsey and Co, a premier management consulting firm, helping thousands of clients and their organizations achieve breakthrough performance by building new mindsets and capabilities.

Ashish is a trained ontological coach and a lifelong student of human thriving.

Ashish Kothari

Profile picture for Ashish Kothari
Anil Ramjiani is an experienced senior leader at Nike, Inc., most recently as the Commercial Director managing key athlete partnerships and business with Cristiano Ronaldo, Kylian Mbappe, and Marcus Rashford.

Anil's passion is grounded in empowering people, unlocking potential, and driving performance. He has worked in consulting and corporate across the US, Europe, the Middle East, and Asia acquiring over 20 years of experience in strategy, brand, and general management at IBM, Adidas, and Nike.

He created the podcast and platform Live. Breathe. Believe., to enable reflection, motivation, and inspiration for his peers. #Knowyoutobeyou!