In this podcast, host Thomas O’Connor and guest Sarah Watt explore purpose-driven enterprises. Purpose-driven organizations create value not only for shareholders, but also for stakeholder groups — including customers, suppliers, local communities and employees.

Creating a purpose-driven enterprise is relatively new. Listen to a discussion about how CSCOs can take action to move on the continuum from being profit-centric to purpose-driven. The conversation provides real-world examples from Solvay and General Mills, then finishes up by providing five actions that supply chain leaders can take as they look to make their organizations more purpose-driven:

• Executive commitment: Integrate purpose into the supply chain strategy, decision-making processes and metrics.
• Portfolio management: Review the pipeline for unintended consequences and advise stakeholders on raw materials selection.
• Partner ecosystems: Identify opportunities for innovation and collaboration.
• Employee engagement: Provide employees with decision-making frameworks and build a culture in alignment with enterprise purpose.

Governance: Diversify metrics to go beyond financial performance and include other stakeholder groups.