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" In order to generate extraordinary profits, you must have a focus that is beyond profits. You need to focus on how you serve your clients. "
Punit Renjen
Need
Beyond
Extraordinary
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" While they believe the pursuit of profit is important to sustaining a business, millennials also say that pursuit must be accompanied by a sense of purpose, by efforts to create innovative products or services, and, above all, by consideration of individuals as employees and members of society. "
Punit Renjen
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" The more a business is able to develop and articulate a core purpose and engage with millennials, who equate purpose with business excellence, the greater chances for long-term success. "
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" For acquiring companies, the excitement is almost always about where they are going - that is, their strategy for gaining greater growth and productivity. But when mergers fail, it's often because no one focused on who they are - that is, their culture, which is critical to successfully bringing different groups of people together. "
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" As a young boy growing up in Rohtak, India, I had no idea what my life's work would be. But my parents instilled in me something that I have never forgotten: that work must have a sense of purpose beyond mere financial gain; that to be meaningful, work should make a positive and lasting difference in the lives of others. "
Punit Renjen
Positive
Parents
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" We want all clients to think of us first when they want to hire an auditor or if they want to have an adviser to solve difficult corporate problems. We want the best talent to join our firm. "
Punit Renjen
Think
Problems
Best
" Absolutely, at a macro-level, I want our firm to be a purpose-led firm. This notion of making an impact that matters, I want that embedded in whatever we do. "
Punit Renjen
Impact
Firm
Matters
" I'm not motivated by having the largest revenue base - you get that as an outcome. If we do our job well, we will be appropriately rewarded. "
Punit Renjen
Job
Motivated
Well
" Many businesses find their culture organized around a dangerous fault line known as 'us and them,' with executives on one side and employees on the other. The divide is both real and expensive. "
Punit Renjen
Employees
Culture
Dangerous
" I'm good at what I do. I'm really, really good at what I do, and I'm not saying this with any level of arrogance. "
Punit Renjen
Good
Saying
Arrogance
" When you talk about being exceptional, you do two things: You clearly answer the question 'Who are you?' which is your purpose. And you answer the second question, 'Where are you going?' which is your aspiration and how you're going to get there. "
Punit Renjen
Going
Purpose
Question
" Most millennials have no problem standing their ground when asked to do something that conflicts with their personal values. "
Punit Renjen
Standing
Values
Personal
" For any young people looking for job opportunities, good grades and academic results are important, but what is more important may be showing you are someone who has the drive and capability and can fit in the company culture. "
Punit Renjen
Culture
Looking
Job
" It is harder to get into Deloitte than into the University of Pennsylvania. "
Punit Renjen
Get
University
Than
" It is no longer enough to have a good product. A company's purpose and the way it treats its employees and the global community to which it belongs is also of great importance. "
Punit Renjen
Great
Community
Purpose
" For millennials, conducting business with a purpose that goes beyond making profits is critically important in determining the kind of company they want to work for - and the kind of company with whom they are willing to do business. "
Punit Renjen
Purpose
Work
Important
" Are businesses really benefitting if their communities are suffering? It doesn't seem like it. "
Punit Renjen
Suffering
Really
Like
" I had this scholarship, two pairs of tight jeans, and a couple of hundred extra dollars, and I showed up in Oregon and went to school there. "
Punit Renjen
Scholarship
School
Two
" An organization's culture of purpose answers the critical questions of who it is and why it exists. They have a culture of purpose beyond making a profit. "
Punit Renjen
Organization
Purpose
Who
" I wish I was a great cricket player, but I am not. "
Punit Renjen
Wish
Am
I Am
" Defining, embedding, and living core beliefs set the stage for executives and employees to connect. Through actions that consistently convey who we are and how we act, executives can inspire employees to believe in the organization's values and buy in to its brand. "
Punit Renjen
Organization
Inspire
Values
" Fresh out of grad school, I arrived for my first day of work at Deloitte ready for the long haul. For my generation, that's what those early years were about - laying the foundation for a lifelong career with a great organization. More than 30 years later, I'm still with Deloitte, and I have no regrets. "
Punit Renjen
Foundation
School
Work
" I want to be a purpose-driven, purpose-led organization, and I want the organization to achieve this aspiration of being the undisputed leader in professional services. "
Punit Renjen
Want
Leader
Organization
" When employees join executives in truly owning the responsibility for business success, an exciting new sense of teamwork takes hold. "
Punit Renjen
Teamwork
Employees
Business
" Skills-building opportunities should be extended to people outside of the mainstream talent pool. That might include at-risk youth, veterans returning to the workforce, or immigrants struggling to make a life for themselves in a foreign culture. The process for creating wealth must begin with creating opportunity for all. "
Punit Renjen
Culture
Life
People
" Diversity is not just the right thing to do but right for business. "
Punit Renjen
Diversity
The Right Thing
Business
" Millennials want to work for organizations that prioritize purpose as well as profit. It's as simple as that. "
Punit Renjen
Purpose
Work
Want
" Success in M&As comes with executing with vigour along with the obvious right choices that you got to make. "
Punit Renjen
Success
You
Along
" The profound lack of economic opportunity for those left behind by globalization has created an ever-widening gap between the 'haves' and the 'have nots.' "
Punit Renjen
Behind
Globalization
Opportunity
" As business leaders, we should not choose between profit or good; rather, we must choose to profit from good. And that requires connecting what we do with a purpose beyond profit - a reason to exist that meets our shared sense of 'doing good.' "
Punit Renjen
Good
Purpose
Doing
" I grew up in India. From my childhood, I remember the great reverence that people held for our national hero, Mahatma Gandhi. He galvanized millions to march as one, disarmed the empire that had ruled his country for nearly a century, and enabled India to become a free and independent nation. "
Punit Renjen
Childhood
Remember
People