Breakfast session – Entrepreneurs: how purpose and stewardship contribute to success

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Session recap

It can be a challenge for some organizations to do well while doing good, but not for the leaders of four values-driven, for-profit companies. These panelists offered a roadmap to being a mission-driven company in a commerce-driven world — and make great profits while you do.

Though the companies they run — Warby Parker (retail), Honest Tea (beverages), EverFi (educational technology) and Mohawk (paper) — are very different in industry, age and mission, the strategies needed to run a company with a social conscience are similar.

It’s all about values and people, panelists said. Neil Blumenthal, Co-Founder and Co-CEO of Warby Parker said, “You need to pass the 60 Minutes test.” Other panelists underscored the importance of baking your values into every aspect of the business, making sure each piece is run with integrity.

It’s just as important to make sure every employee is fully committed to your mission, according to Tom Davidson, CEO of EverFi: “It’s easy to make the assumption that every employee has bought in at the same level. It’s hard to continue to be vigilant about it.”

Entrepreneurs: how purpose and stewardship contribute to success

 

Moderator
Deborah K. Holmes speaks at EY Strategic Growth Forum

Deborah K. Holmes
EY Americas Director of Corporate Responsibility

 
Speakers
Neil Blumenthal speaks at EY Strategic Growth Forum

Neil Blumenthal
Co-Founder and Co-CEO
Warby Parker

 
Tom Davidson speaks at EY Strategic Growth Forum

Tom Davidson
CEO
EverFi

Seth Goldman speaks at EY Strategic Growth Forum

Seth Goldman
Co-founder and TeaEO
Honest Tea

 
Thomas D. O’Connor, Jr   speaks at EY Strategic Growth Forum

Thomas D. O’Connor, Jr
Chairman & CEO
Mohawk