Today's exercise is going to help you approach the social impact of your business with a mindset of intentionality.
Get a sheet of paper, something to write with, and a ruler – if you like to keep your lines straight. Orient the paper landscape-style, with the long side horizontal. Now, across the page, draw three lines, one below the other. Make sure to leave a good amount of space in between. Draw little arrows on each end of each line, and a notch right in the middle. What you’ve just done is create three horizontal sliders.
Think of the left side of the sliders as pointing toward MAXIMUM SOCIAL IMPACT. Maybe write that on the left side of the page now. The right side of the sliders point toward MAXIMUM PROFITABILITY. Write that on the right side of the page now. Next, underneath each slider, write a product, service, feature, or initiative your company is considering taking on. You should have three in all.
Now for the tricky part. For each proposal, you are going to mark where on the slider you think it lands in terms of social impact versus profitability. Is this a feature that's going to help lots of people, but at an astronomical price? Is it something that will make tons of money but do no good in the world? Mark its place on the slider accordingly. No need to pull out market research or line-item budgets here. Just use your best back-of-the-napkin estimation.
Look at your results. Do the sliders show a lot of extreme positions? Is the needle way to the left or way to the right? If so, take a moment and think of one adjustment you could make to bring more balance to the equation.
This Action Item appears in Day 29 of The Mindset of Scale course. You can find it in the Masters of Scale Courses app, available for iOS & for Android.
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