Can you balance purpose and profit in your career? In this episode of Work That’s Worth It, Georgi Enthoven is joined by Mark Newberg, founder and president of Stockbridge Advisors, to discuss how impact and income can coexist. With over 15 years in the impact economy, Mark’s expertise spans impact investing, policy advising, and guiding organizations to integrate impact into their strategies. 

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From co-drafting the White House’s first impact investing policy to mentoring startups, Mark’s journey is a masterclass in aligning values with professional success. In our conversation, Mark shares actionable insights, including his "North Star" framework for defining personal and professional goals and explains how understanding the profit and loss framework can make impact-driven strategies a no-brainer for businesses. 

He also offers advice for career transitions, emphasizing the importance of identifying your "why" and knowing your "enough number" to balance stability and ambition. Packed with wisdom and practical takeaways, this episode will leave you inspired to build a career that’s meaningful, rewarding, and truly worth it. Don’t miss it!

Highlights:

• Mark Newberg’s journey into the impact economy and founding Stockbridge Advisors.
• How he helps organizations integrate impact into their core strategies for better outcomes.
• Lessons learned from co-authoring the White House’s first impact investing policy.
• Why thoughtful, authentic networking is more effective than transactional approaches.
• Mark’s “North Star” framework for aligning career goals with personal values.
• The importance of being adaptable and open to changing "how" to achieve goals effectively.
• Why he sees himself as an intrapreneur: he understands big systems and how to leverage them.
• Using the profit and loss framework to make impact-driven strategies compelling for businesses.
• How Subaru’s zero waste plant showcases the potential for profit and environmental impact.
• Observational learning as a key to building expertise in economics and impact.
• The importance of defining your “enough number” before pursuing a career shift toward impact.
• Finding your "why" to align with meaningful work that makes a lasting impact.
• Mark’s recommended resources for impact-driven careers.

Relevant Links Mentioned:

Stockbridge Advisors

Stockbridge Advisors Resources

Stockbridge Advisors North Star Exercise

Sonal Shah

Impact Alpha

IRIS+

Competing Against Luck