David Packard on Corporate Assumptions

Posted by admin on Friday, December 27, 2013

David Packard Money Quotation saying the public makes incorrect assumptions about company motives. David Packard said:
 
I think many people assume, wrongly, that a company exists solely to make money Quote
 

“I think many people assume, wrongly, that a company exists solely to make money” — David Packard

 

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In this quote, David Packard seems to be challenging the assumption that a company’s only purpose is to generate profits. He appears to believe it is a misconception to view business solely as a money-making endeavor. Packard’s statement implies that companies have a broader role and can contribute value in other ways beyond their financial performance alone.

His view suggests businesses should also aim to create quality products and services, treat employees and customers well, and give back to communities. So Packard seems to be advocating for a concept of corporate social responsibility and multi-stakeholder stewardship, where positive impacts on various groups like workers, consumers and society are also important goals alongside profitability for shareholders.

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