Think capitalism has to be about the profit motive above all else? Think again. LeapFrog CEO Andy Kuper explains his company is leading a movement of corporations evolving their missions to include doing good.
Corporations, especially capital investors, have a bad rap these days. After all, how can you expect an organization that exists to generate profits to put anything above its own financial gain?
Speaking with Patrick McGinnis, host of Harvard Business Review‘s ‘FOMO Sapiens’ podcast, Andy Kuper begs to differ. At LeapFrog Investments he’s helping to create a new breed of corporations, joined by such giants as Apple and Novartis, that are revising their mission statements to make sure that profitable activities benefit all stakeholders. LeapFrog’s philosophy of “profit with purpose” uses investment capital from wealthy markets to create low-cost growth opportunities for businesses in developing economies and spur entrepreneurship around the world.