A changing Capitalism: When Money is not enough.

I believe there is a major shift happening in our Capitalism in which profit has stopped being the sole purpose of doing business. Traditional Capitalism is just strictly focused on making a buck, ignoring even your own team members and customers needs. However, this new Capitalism that is boiling, has intertwined profit with purpose. New business leaders and entrepreneurs are looking for a higher purpose, they want to make the world better, as Steve Jobs once said, make a “dent” in the Universe. Furthermore, not only are they looking out in delivering greater value for the customer, but also they want to be servant leaders, and actually improve the lives of their team members and the community. I believe this will take our business culture in a better path and create a society that will use profits to shape a better world. It will create a world that promotes giving and generosity. They use to say that at the end of the day you take money to the bank not the customer’s smiles, but I think in the future we will need to have customer’s smiles in order to take money to the bank.

 

What can we take from this new approach in Capitalism, and make it relevant to our personal jobs or careers? We want to be doing something that has a purpose. We want to know we are making a difference, and our efforts are appreciated. Money cannot be the only motivating factor dragging you to work, because I will almost guarantee it will lead to job dissatisfaction and burnout. Surprisingly the top 3 reasons people quit their jobs is not because of the money, the top 3 reasons are:

 

1. Lack of appreciation

2. Inability to grow

3. The co-workers

 

Thanks for reading!

 

PS- My sincere apologies for not being as active in my blog. I will not make excuses or say I didn’t have time, because saying “ I didn’t have time” simply means it wasn’t important enough.

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