Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
Benjamin GrahamRead
In a free enterprise, the community is not just another stakeholder, but is in fact the very purpose of its existence.
Interpretation
Community is central to the purpose of business in a free enterprise system.
This quote emphasizes that, in a free enterprise system, the ultimate aim of businesses should not merely be profit but rather serving the community. It underscores the interdependence between business success and the well-being of the community, suggesting that businesses thrive when they contribute positively to society.
In practice
In a corporate social responsibility presentation.
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.
Remember that, in the end, the customer doesn't know, or care, if you are small or large as an organization - she or he only focuses on the garment hanging on the rail in the store.
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
Greatest risk is not development of new product, but development of customers and markets
Not adding value is the same as taking it away.
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