Purposeful Inefficiency – This is an interesting dichotomy isn’t it … and quite frankly a lot of you might be scratching your heads because these two words just don’t normally go together in business.
What is purposeful inefficiency and why is this concept so important for our purpose-driven businesses?
Purposeful Inefficiency is an important concept that you’ve probably never heard of, and today, Melody Murray is here to share her personal entrepreneurial journey with you and how you can incorporate purposeful inefficiency into your company too.
Melody is the founder of the JOYN, a fair trade brand that is reviving tradition, restoring fashion, and reclaiming transparency with every artisan it employs and every handbag it makes.
Mel literally hopped off her motorcycle to tune in from a little cafe on the border of Myanmar and Thailand to chat with me on one rainy day — she was everything I expected her to be as a founder I have looked up to for some time now – smart, relaxed and full of intention.
But her insights just blew me away. In fact, there are things that melody shares in this conversation that have shifted my mindset entirely as a business owner.
Her philosophy of purposeful inefficiency is sparked by love of people, and then just infuses every part of her strategy – from her courage to take risks, to her corporate structure, to her funding partners, to her team and her leadership.
I am so honored today for you to gain so much wisdom from Mel as we really touch on familiar experiences to most entrepreneurs like fear, failure and funding, as well as strategy, love and letting go.
It’s all here today on the Rank & File Podcast.
In Today’s Podcast Episode, we talk about:
– Melody’s leadership philosophy of “purposeful inefficiency” and how this leads to effect social impact, sales and more.
– The innovation of leading with love
– Smart business structures for social enterprises working in the developing world – using the power of both the nonprofit and the for-profit
– and more!