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Another powerful approach is to start with the statement, “We make X products” and then ask “why” five times. We call this the “five whys” approach. After five whys, you’ll find that you’re getting down to the fundamental purpose of the business. Here’s an example of how the five whys lead from products to Patagonia’s purpose.

“We make outdoor clothing.”

“Why?”

“Because it’s what we know best and what we like to do.”

“Why is that important?”

“Because it’s the best way to make innovative, high quality products that people will pay well for.”

“Why is that important?”

“Because that is how we can continue to be financially successful.”

“Why is that important?”

“Because we need the credibility of being a successful business, and the resources to do business in the way we think it ought to be done.”

“Why is that important?”

“Because we ultimately exist to be a role model and tool for social change, and the only way we can do that is to be financially viable and successful enough to have the rest of the business community looking to us as a role model.