Jeff Aronin: How Meaning, Mission, And Purpose Drive Growth And Innovation

This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/11/23/jeff-aronin-how-meaning-mission-and-purpose-drive-growth-and-innovation/

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Mission-driven companies have a 30% higher level of innovation, 40% higher levels of employee retention and tend to be first or second in their market segment, according to Deloitte.

That’s a very good reason to build teams with a shared sense of mission and purpose.

Paragon Biosciences, led by Chairman and CEO Jeff Aronin, is an example of mission-driven companies that find success. For over two decades, a dedication to mission and purpose has helped Aronin build multiple successful life science companies that have earned FDA drug approvals for high, unmet medical needs.

For Jeff Aronin, purpose is the lifeblood of motivation. “The best advice I’ve received — and now pass along as a mentor — is to build companies of meaning,” Aronin says. Groundbreaking science that tackles some of the world’s toughest health problems requires mission-oriented leaders who can assemble teams with top skills and a shared interest in making “a difference in people’s lives,” Aronin adds.

That approach has worked particularly well for Jeff Aronin’s Paragon Biosciences.

In just two years, propelled by Aronin’s mission-based mindset, Paragon Bioscience’s portfolio companies have reached significant milestones. They include an FDA-approved treatment for excessive daytime sleepiness in adult patients with narcolepsy, clinical progress in potential therapies to treat Tourette Syndrome and stuttering, and further advancement of the first FDA-cleared, artificial intelligence-enabled breast cancer system for radiology.

Experts point to the benefits of a mission-oriented management philosophy like Jeff Aronin’s. Over the past three years, nearly 60% of “companies with a clearly articulated and understood purpose” experienced growth of 10% or more,… Read More

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