Participant (Productions) is the only production company in town that has a double bottom line: social good plus financial returns. It's too early to tell how our returns are going to look - though all signs are promising - but social good is what we're really after.
Interpretation
This quote emphasizes the balance between achieving financial success and making a positive social impact.
Jeffrey Skoll highlights the unique approach of Participant Productions, where the goal isn't just to generate profits but also to contribute positively to society. He acknowledges the uncertainty of financial outcomes but stresses the importance of prioritizing social good in their mission, reflecting a commitment to ethical business practices.
In practice
This quote can be used in a business presentation to illustrate the importance of corporate social responsibility.
In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.
By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
Cutting prices or putting things on sale is not sustainable business strategy. The other side of it is that you can't cut enough costs to save your way to prosperity.
If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.
Customers first, employees second, and shareholders third.
We used to think that everything started in the lab. Now we realize that everything spins off the consumer.
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