đ Written Ability Test (WAT)/Essay Analysis Guide
đ Should Organizations Focus on Purpose-Driven Missions Over Profits?
⨠Understanding the Topicâs Importance
Purpose-driven missions are increasingly central to organizational strategies, reflecting broader societal demands for ethical practices and long-term sustainability. This essay probes the tension between shareholder expectations and societal impact, vital for understanding corporate dynamics.
đ Effective Planning and Writing
- Time Allocation (30 minutes):
- Planning: 5 minutes
- Writing: 20 minutes
- Review: 5 minutes
- Structure (500 words):
- Introduction: 60-70 words
- Body: 350-375 words
- Conclusion: 60-70 words
đď¸ Introduction Techniques for Essays
- Contrast Approach: “While organizations like Unilever thrive on purpose-driven missions, others argue that profit is the lifeline of business.”
- Solution-Oriented Approach: “Aligning purpose with profit is the future of corporate management, fostering innovation while meeting societal needs.”
đ Structuring the Essay Body
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Achievements:
- Cite examples like Patagonia and Tesla as purpose-driven companies achieving success.
- Include data on ESG (Environmental, Social, and Governance) impact on financial performance.
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Challenges with Comparative Analysis:
- Discuss risks like greenwashing or profitability trade-offs.
- Reference cases like Volkswagenâs emissions scandal as a cautionary tale.
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Future Outlook:
- Propose blended business models balancing purpose and profit.
- Emphasize technology-driven solutions to measure impact.
âď¸ Concluding Effectively
- Balanced Perspective: “While profits remain essential, embedding purpose fosters long-term success and societal relevance.”
- Global Comparison: “Purpose-driven businesses globally show that ethical strategies and profitability are not mutually exclusive.”
đ Analyzing Successes and Shortcomings
- Key Achievements: Better stakeholder relationships, sustainable innovations.
- Ongoing Challenges: Profitability concerns, authenticity of purpose claims.
- Global Context: Compare Teslaâs successful purpose-driven mission to Volkswagenâs greenwashing incident.
đĄ Recommendations for Sustainable Progress
- Integrate purpose into core strategy to ensure alignment with profitability goals.
- Implement transparency in ESG reporting to avoid greenwashing pitfalls.
- Leverage technology like AI and blockchain to create measurable societal impact.
đ Sample Short Essays (100 Words Each)
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Balanced Perspective:
“Purpose-driven missions foster long-term sustainability. While profitability may waver initially, companies like Tesla show that aligning purpose with financial goals creates lasting value.”
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Solution-Oriented:
“Organizations must integrate purpose and profit, leveraging innovations like AI to maximize societal and financial returns.”
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Global Comparison:
“From Denmarkâs Lego to Chinaâs tech giants, purpose-driven strategies reveal a universal path to balancing profitability and societal goals.”