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Professional development in corporate America is under scrutiny. As companies intensify efforts to retain talented employees and instill the leadership qualities essential to competitive advantage, a growing body of research questions the effectiveness of traditional, classroom-style teaching. Meanwhile, millennials, who place a premium on professional development, are signaling that they want to learn by doing, in a real-world environment. This Giving Thoughts article explores an emerging model to help companies solve this dilemma, focused on purpose-driven, service-based leadership learning that also supports corporate social impact.