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Those stoking the debate rarely arrive without an agenda, whether it’s an investor demanding change, a journalist chasing headlines or a leader seeking profile.
Many of the arguments ignore the complexity of corporate reputation and brand building. The fact is that purpose can be both an effective tool and a distracting exercise. Purpose isn’t the enemy, but the polarity of the analysis most certainly is.
Of course, we’ve been here before. In the early naughties a debate raged in the marketing community about a new fad – digital. Clients, creatives and commentators alike were quick to proclaim the emerging channels as both saint and sinner.
We all know what happened over the next 20 years as digital moved from being a channel to a tactic to a mindset that no business was immune to. This isn’t to say there weren’t plenty of losers along the way, but its significance and permanence is reinforced by the fact digital transformation has sat as the number one concern of both CEOs and CMOs for years.
Purpose transformation should be seen in a similar light: a threat and an opportunity that can’t be ignored. The winners will be those that know how and when to apply it by recognising three key things.