329. Resisting “financial gravity”: How purpose-driven companies endure
From Inside the Strategy Room · 48:15
Show by McKinsey & Company
Why do so many beloved companies lose their way after taking on outside capital or going public? Eric Ries, author of Incorruptible and founder of the Long-Term Stock Exchange, joins senior partner Ryan Davies to discuss “financial gravity,” the force that pulls organizations toward mission drift. Drawing on stories such as Costco’s origins, they explore how governance built on purpose, coherence, and integrity can help companies earn trust and create long-term value. Related insights Learn more about Eric Reis Strategy and Value: The Four Foundations That Drive Long Term Performance How CEOs can play the long game in a shortsighted worldSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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