The Unmtchd. Podcast | Your Company Doesn’t Need a Purpose

Nov 7, 2024

Oana Leonte

Oana Leonte is the Founder & CEO of Unmtchd. She is based in Germany and shapes the Unmtchd. brand, editorial and business strategy and is the host of The Unmtchd. Podcast. Oana spent 20 years working to build some of the most loved global brands in entertainment, fashion, and sports. Previously, Oana was a Marketing Director at PUMA.

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Background:

Nick Asbury, one of the UK’s most acclaimed copywriters, is challenging the dominant narrative of purpose-driven marketing with his provocative new book “The Road to Hell: How Purposeful Business Leads to Bad Marketing and a Worse World.” In this episode, our founder Oana Leonte explores with Nick why the focus on corporate purpose might actually be detrimental to both marketing effectiveness and society at large.

“Purpose has become this grandiose idea about what business is really about, and I think it encourages grandiose thinking about branding and marketing in general,” Asbury argues, questioning the fundamental premises of thought leaders like Simon Sinek.

We discuss how purpose-led marketing might be misguided, how creativity trumps purpose, and why responsibility, humanity, and humility should be the real foundations of good business and marketing.

Key insights

  • Purpose vs. Responsibility: For-profit businesses don't need a grand social purpose – they need to be responsible corporate citizens who pay fair wages, contribute taxes, and treat stakeholders well.
  • The Creativity Imperative: Instead of focusing on purpose, businesses should prioritize creativity – it's an open mindset that leads to innovation, while purpose can be a closed mindset that limits possibilities.
  • The Human Element: Corporate purpose often overshadows individual employee purposes. Great businesses recognize and respect that their employees have diverse personal purposes and motivations.
  • Brand Evolution: While maintaining consistency in brand assets is crucial, brands should remain open to evolution through creativity rather than being constrained by rigid purpose statements.
  • The Three H's: Focus on Humanity, Humor, and Humility instead of purpose – these principles lead to more authentic marketing and better business outcomes.