Phillip Haid, founder and CEO of Public Inc, discusses the concept of profit with purpose and how to embed social and environmental impact into business strategies. He shares his journey of convincing companies to embrace this idea, even in the face of skepticism and risk aversion. Haid emphasizes the need to transform capitalism to address societal and environmental challenges, and highlights the importance of curiosity and understanding different perspectives in driving social change.
His upbringing in a liberal Jewish household and Catholic school influenced his values of social justice and curiosity. The conversation explores the evolution of marketing and the response to purpose-driven marketing. It also delves into the challenges and myths of entrepreneurship, emphasizing the importance of resilience and determination. He shares a successful campaign example that merged business interests and societal impact, highlighting the need for authenticity and transparency. The conversation concludes with a discussion on the personal growth and leadership development experienced throughout the entrepreneurial journey.
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