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		<title>Let your Business strive to become an integral part of the community—and grow sustainably</title>
		<link>https://internationalfinance.com/magazine/business-magazine/let-your-business-strive-to-become-an-integral-part-of-the-community-and-grow-sustainably/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=let-your-business-strive-to-become-an-integral-part-of-the-community-and-grow-sustainably</link>
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		<dc:creator><![CDATA[Bharath Kumar]]></dc:creator>
		<pubDate>Thu, 18 Apr 2019 08:48:20 +0000</pubDate>
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		<guid isPermaLink="false">https://www.internationalfinance.com/magazine/?p=4185</guid>

					<description><![CDATA[<p>Global industry expert and CEO of English Tea Shop Suranga Herath is in the pursuit of a trending ideology in new-age business.</p>
<p>The post <a href="https://internationalfinance.com/magazine/business-magazine/let-your-business-strive-to-become-an-integral-part-of-the-community-and-grow-sustainably/">Let your Business strive to become an integral part of the community—and grow sustainably</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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										<content:encoded><![CDATA[<p align="justify"><strong><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Introducing Prajāva </span></span></span></strong></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Prajāva means </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">community;</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> and </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">the idea o</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">f </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">a </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> community has never been more important to a business than it is now. </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Prajāva</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> in a business is about </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">the</span></span></span> <span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">change in mindset,</span></span></span> <span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">where a business goes from believing itself to be a part of the community to actually being posited in the center.</span></span></span></p>
<p align="justify"><strong><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Who’s in your Prajāva?</span></span></span></strong></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">A Prajāva mindset means understanding the elements that form the community, and how every decision you make can have an impact on each one of them</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">. </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">A</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> community includes </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">everyone from customers to suppliers to employees to their families</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">. </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">It can also include investors and factor in intangible elements</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> such as the environment. In short, a business community is much bigger than many businesses appreciate. And this gives businesses a huge power to affect change when harnessed correctly.</span></span></span></p>
<p align="justify"><strong><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">The benefits of Prajāva </span></span></span></strong></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">When a business looks after its community, there are higher chances that the community will reciprocate.</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> So by considering the interests of customers, employees, suppliers’ et al. stronger and more fruitful relationships are formed. This is not about quick wins but a long-term strategy that puts sustainable relationships at its core.</span></span></span></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">There is mounting evidence to suggest that sustainable businesses </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">grow quickly.</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> A recent survey by a leading sustainability accreditation B </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Corp.</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> revealed that purpose-led businesses grow 28 times faster than normal </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">businesses.</span></span></span></p>
<figure id="attachment_4187" aria-describedby="caption-attachment-4187" style="width: 300px" class="wp-caption alignright"><img fetchpriority="high" decoding="async" class="size-medium wp-image-4187" src="https://www.internationalfinance.com/magazine/wp-content/uploads/2019/04/Suranga-Herath-300x252.jpg" alt="" width="300" height="252" srcset="https://internationalfinance.com/wp-content/uploads/2019/04/Suranga-Herath-300x252.jpg 300w, https://internationalfinance.com/wp-content/uploads/2019/04/Suranga-Herath.jpg 360w" sizes="(max-width: 300px) 100vw, 300px" /><figcaption id="caption-attachment-4187" class="wp-caption-text">Suranga Herath<br />Ceo, English Tea Shop</figcaption></figure>
<p align="justify"><strong><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Why now?</span></span></span></strong></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">It’s no secret that consumers love sustainability, </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">and now,</span></span></span> <span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">there is</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> an even bigger appetite for brands </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">willing to do things differently.</span></span></span></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">The key thing is to make sure </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">the</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> strategy is </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">long-term,</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> and </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">take</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> into consideration the </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">community as a whole.</span></span></span></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">A good example of this is from the tea industry where</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> there has been a big move </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">toward</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> compostable tea bags, often produced using genetically modified corn. </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">This move can benefit the community in so many ways: by addressing plastic issues, and the like. However, it can potentially create problems for others.</span></span></span></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">So, while it’s often easier to think short-term, it is important for businesses to use the Prajāva mindset in order to find solutions and create long-term strategies that are good for all members of the community. </span></span></span></p>
<p align="justify"><strong><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Getting started</span></span></span></strong></p>
<p align="justify"><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">There are seven steps to installing a Prajāva mindset </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">to your</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> business:</span></span></span></p>
<ol>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Put a long-term plan in place</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">: </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Visualise your end goal and outline steps that will help to achieve it</span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Map your community</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">: Connect the dots between different groups in your community. Identifying the size of your community will set your business apart and position it for uncapped growth.</span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Make a list of ways to help individual parts of your community.</span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Focus first on projects which also most help your business: </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;"> </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Focus on creating win-win situations. This ultimately drives employee engagement, and increases our productivity too.</span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Recognise you can’t help everyone all the time but every little helps</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">.</span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Reinforce a sustainable culture</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">: Create a practical guideline for members of your community who can independently </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">implement sustainable means of working in their day to day. </span></span></span></li>
<li><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">Set targets and measure efficiency</span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">: </span></span></span><span style="color: #222222;"><span style="font-family: Arial, serif;"><span style="font-size: large;">The only way to track results and impact of new approaches is through setting measurable outcomes. Therefore, it is necessary to list KPIs and stay motivated in achieving them</span></span></span></li>
</ol>
<p>The post <a href="https://internationalfinance.com/magazine/business-magazine/let-your-business-strive-to-become-an-integral-part-of-the-community-and-grow-sustainably/">Let your Business strive to become an integral part of the community—and grow sustainably</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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