John Lewis Purpose Of Business

John Lewis partnership it’s an UK employee owned company, its founder name is John Speden Lewis and it was founded in the year 1864 in Oxford Street, London. It operates John Lewis department stores, Waitrose supermarkets and many more. The company is a visionary and has a successful way of making its partners feel comfortable and putting them first in everything they do and the partners make sure their dedication is to make the customers have a fair and fairness services, the 90,000 permanent staff who are called the partners own 43 John Lewis shops across the UK, 336 of the Waitrose supermarkets, an online and catalogue business, a production unit and a firm. The group is one of the third largest company in the UK according to ‘’SUNDAY TIME

Profit is essential to a business but not all the time, it’s simply to make money but it has to have a potential for much higher purpose, the business needs to recapture and rethink why the business exist, what is the purpose of a business ( each business has to discover its potential). In the higher purpose term the business needs to know what kind of value they are creating for the world, what are they doing for other people, what is the value of your business and who will care if the business doesn’t exist

John Lewis Partnership is owned by 90, 000 staffs and it’s seen as a successful retailer and a model that cares for capitalism thereby each year the partners receives annual bonus paid as a percentage salary which is decided by the board in the surplus of an investment and after subtracting from final profit of the year. The partnership model shows them their distinctive culture by the combination of efforts from their partners which gives them the competitive advantage. In terms of John Lewis been an example of conscious capitalism they use the principles of conscious capitalism in their