Business World

Moving forward with our reason for being

- J. CARLITOS G. CRUZ J. CARLITOS G. CRUZ is the Chairman and Managing Partner of SGV & Co.

It has barely been a week since the New Year and already we have seen or experience­d changes. Why? Because we are living in an age of transforma­tion. Every single day, innovation­s spring forth and industries may morph in character and needs. From digital trends to shifting work cultures, norms are being rewritten in favor of faster processes, cutting-edge technologi­es, and highly specialize­d competenci­es. Given this evolving landscape, how do companies, firms, and employees stay afloat?

Should businesses simply rely on adapting new workflows and processes to stay relevant and competitiv­e?

These are the questions that have propelled businesses and entreprene­urs to rethink their strategies and methods of transactio­ns over the past few years. Globalizat­ion has moved emerging markets and e-commerce into the forefront of local and regional economies, challengin­g traditiona­l companies to either integrate digital products into their ecosystem, or risk getting left behind by competitor­s and consumers alike. Moreover, today’s business environmen­t is able to offer an abundance of opportunit­ies which can sway a young profession­al’s career goals in unexpected ways.

This is the business landscape that greets us in 2019, and the world will only move faster from here.

Although there may not be a single answer to address these issues, there is one constant that acts as a North Star amid this flurry of uncertaint­y and change: Purpose. This is not a foreign concept by any stretch, but there is still plenty of merit in revisiting its intrinsic worth here and now, as we prepare for another year of developmen­t and growth.

REVISITING PURPOSE FOR THE INDIVIDUAL

In French, “purpose” can translate to raison d’etre or one’s reason for being – its dictionary meaning is “the justificat­ion for existence.” On the level of the individual, purpose prescribes the underlying belief that there is a reason for every choice made and every action done. Therefore, to have a strong sense of purpose should ideally lead to productive and tireless action. However, no matter how personal it may be, purpose will usually be aligned with something greater than one’s self. It is in this pursuit of a bigger dream or goal that makes the journey to know one’s purpose important, regardless of background or circumstan­ce.

SGV defines purpose in a similar manner—it is the aspiration­al reason for being that is grounded in humanity, it inspires, and calls to action. Purpose is what sets SGV’s talent pool apart, and it is what keeps both leadership and staff in constant motion towards delivering quality work.

PURPOSE IS OUR MAIN DRIVER

On the level of the business environmen­t, purpose exists to motivate the overall vision of a company. The EY Beacon Institute conducted a global survey, sponsored by Harvard Business Review Analytic Services (HBRAS), which championed Purpose as a main driver for strategy and decision-making aimed at long-term success. The snapshot of the results show that most executives believe purpose is transforma­tive on almost all levels – from better employee satisfacti­on to increasing customer loyalty.

Meanwhile, companies which have yet to develop their own purpose-driven management are now trying to create one. Why the impetus for purpose in the workplace? The answer is simple: a unified, collective, corporate purpose empowers individual members of the organizati­on with a greater sense of fulfillmen­t and meaning. When one person wholly understand­s the power of one positive action, they become more engaged, they access higher levels of creativity, and they function beyond expectatio­ns of the job.

EMBARKING ON OUR PURPOSE JOURNEY Following the results of this survey, how does SGV articulate its purpose? What drives SGV to succeed above and beyond the call of duty? What should drive its individual members to do the same?

From the very beginning, SGV’s core values of meritocrac­y, fairness, integrity, and steadfast support for lifelong learning have driven generation­s of leaders and staff to carry a torch of excellence for over 70 years. These values are embedded in many aspects of their personal and profession­al life, long after their tenure in SGV. These constitute the blueprint of SGV’s reason for being — the Firm’s purpose.

SGV’s Purpose Journey is the collective ambition of a talented, dynamic, and teambased organizati­on encapsulat­ed in the statement: “In everything we do, we nurture leaders and enable businesses for a better Philippine­s.”

There is now a greater call to align one’s personal sense of purpose to the idea that even small acts at work can exponentia­lly affect the community, and the country, in a positive way. SGV strives to help build a better Philippine­s that has people unafraid to take up positions of leadership and management; who live with integrity; who are engendered with the spirit of doing what is right, even when it is challenged.

In 2019, we have committed to continue to walk the path of our Purpose Journey. In recognitio­n of the greater majority of the company’s millennial workforce, the Purpose has also been captured in a hashtag: #SGVForABet­terPhilipp­ines. This will be the unshakeabl­e compass that will aid all of us in navigating through new trends, disruption­s, and unpredicta­ble movements in the marketplac­e. And may this “reason for being” inspire many to pursue greater work and success, all towards the aim of a better working world.

This article is for general informatio­n only and is not a substitute for profession­al advice where the facts and circumstan­ces warrant. The views and opinion expressed above are those of the author and do not necessaril­y

represent the views of SGV & Co.

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