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I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.
Michael Porter
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Interpretation

What this quote means

Business should focus on contributing positively to society rather than just pursuing self-interest.

Michael Porter emphasizes the importance of businesses operating not merely in their own narrow self-interest, but rather as responsible entities that contribute to the broader well-being of society. He acknowledges that many managers may not intentionally act unethically, but their business practices often overlook the social needs around them, highlighting a gap that needs to be addressed for a more ethical and socially responsible corporate environment.

Themes

BusinessSocietyEthicsResponsibilityManagers

In practice

Example use cases

In a business ethics seminar, you might use this quote to illustrate the importance of corporate social responsibility.

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You can't have a healthy society unless you have healthy companies that are making a profit, that are employing people and that are growing.
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