The first thing required for a start-up is a mission statement, the “Why” or the reason for its existence. Many companies, even though they formulate their mission statement before the start of their venture, do not follow through with their mission, resulting in the mission statement reducing to a mere group of words with no meaning, whatsoever. Being a purpose-driven organization means turning the mission statement into more than just those words. We have already explored the importance of being purpose-driven. What competent leaders do is adapt this mission statement and use it to guide their business and rally the company to what it needs to be. Here are the top five tips from members of Forbes Business Council on how to create a purpose-driven organization in the 21st Century.

It is an expected fact that there is a future in everything and for everyone be it an individual, a country, a product, a technology, an industry, and/or a practice such as Knowledge Sharing. One can go into one’s future in two distinct ways. One, by being a mute spectator and letting themselves go with the flow without taking control of one’s direction. This could be due to numerous reasons starting from disability to take consequential action. This is called Reactive Mode. Two, take active control of the events and define the way the future unfolds. This is known as Proactive Mode. At an individual level, one may have complete control over one’s future but when we are talking about a complex level where multiple individuals or factors are involved, such as a company, managing and controlling the events that define the future is a lot more difficult.

Knowledge sharing is the process of passing on tacit and explicit information from one person to another. We have already explored this fact and how is it important among human capital professionals in a prior article. In an organization, the benefits of knowledge sharing are many. For instance, a sustained mechanism of knowledge sharing and training of young employees will help the company scale future business environments. Its importance cannot be overlooked. Pushing the boundaries of collaboration and innovation in all areas of life is a matter of learning from the people who trail-blazed the paths the same as you and in turn sharing everything you learn with the individuals coming after you.