Why Business is a Force for Good: Insights from Lord Matthew Elliott
The COVID-19 pandemic highlighted many truths about our interconnected society, but perhaps one of the most underappreciated was the critical role of businesses in keeping our world running during a crisis. While much-deserved praise was given to healthcare workers and first responders, the vital contributions of businesses and entrepreneurs often went unnoticed.
Lord Matthew Elliott, a visionary leader and seasoned policy entrepreneur, champions the idea that businesses are not just economic engines but also fundamental forces for societal good. From his work founding the Taxpayers’ Alliance to leading significant campaigns like Vote Leave, Elliott’s career exemplifies how business and policy can intersect to create meaningful change.
The Unseen Heroes of the Pandemic
Reflecting on the pandemic, Lord Elliott underscores the often-overlooked contributions of businesses. From ensuring grocery stores remained stocked to maintaining the delivery networks that kept goods flowing, businesses played an indispensable role. Beyond logistics, these organizations provided jobs, training, and social mobility while contributing significantly to public revenues through taxes.
“Businesses are essential to prosperity and economic growth, but their contributions go deeper,” Elliott observes. “They provide opportunities for individuals to better themselves, support their families, and ultimately improve their communities.”
Founding the Jobs Foundation
Elliott’s commitment to championing the positive role of business led to the creation of the Jobs Foundation. This innovative organization operates on two fronts: practical engagement and policy advocacy.
- Practical Engagement:
The Jobs Foundation partners with businesses to help individuals from disadvantaged backgrounds—including those who are unemployed, formerly incarcerated, or homeless—find meaningful employment. It identifies best practices from companies already excelling in this area and shares those strategies with others, enabling more businesses to replicate successful models. - Policy Advocacy:
The Foundation also works to ensure the right environment exists for businesses to thrive. This involves advocating for policies that foster entrepreneurship, encourage skill development, and reduce barriers to economic growth. “When businesses thrive, they generate more opportunities for individuals and communities,” Elliott emphasizes.
The Role of Business in Society
Elliott’s philosophy is grounded in the belief that a balanced approach to government, business, and individual responsibility leads to healthier societies. He argues that as governments grow larger and more centralized, individuals and businesses often feel less compelled to contribute directly to their communities. By contrast, when governments adopt a more limited role, businesses and civic institutions naturally step in to fill the gaps.
This dynamic is evident in countless small businesses, which Elliott describes as the backbone of their communities. These businesses often act as family-like networks, supporting employees during personal hardships and investing in local initiatives—not out of obligation, but because it aligns with their values.
Lessons in Thinking Big
Elliott’s career is a testament to the power of bold thinking. From founding the Taxpayers’ Alliance to orchestrating the Vote Leave campaign, his success stems from addressing challenges holistically. “To go big,” he advises, “you must tackle the full spectrum of a problem. Addressing just a portion won’t inspire the broad support needed for transformative change.”
Building Coalitions for Change
A recurring theme in Elliott’s work is the importance of coalitions. Whether rallying business leaders, community groups, or policymakers, he has a unique ability to unite diverse stakeholders around a shared vision. He credits much of his success to building strong, collaborative teams that amplify collective impact.
Advice for Aspiring Changemakers
For those aspiring to make a significant difference, Elliott offers this encouragement: “Bite off more than you can chew. The challenges may seem insurmountable at times, but persistence and collaboration can yield extraordinary results. Celebrate small wins along the way—they build momentum for the big victories.”
Final Thoughts
Lord Matthew Elliott’s insights remind us that businesses are not just profit-driven entities but forces for good that shape the fabric of society. By fostering environments where businesses can thrive, supporting disadvantaged individuals, and inspiring bold, visionary thinking, we can unlock the transformative potential of entrepreneurship and leadership.
His advice is clear: Dream big, act boldly, and never underestimate the power of collaboration to create lasting change.