Muhammad Yunus: Money Business
on Monday, July 5, 2021Muhammad Yunus Money Quote saying the concept of business is now all about the money, so the name should reflect that. Muhammad Yunus said:
“Today, the concept of business is to make money. Making money is the name of the business” — Muhammad Yunus
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In this quote, Muhammad Yunus is characterizing the prevailing view in business that the primary goal is to generate profits. When he states “today, the concept of business is to make money” and that “making money is the name of the business,” Yunus appears to be suggesting that mainstream business culture defines success almost exclusively in terms of financial returns.
His view seems to be that the dominant mentality sees profit-making as the sole objective and raison d’etre of commercial enterprise. However, Yunus’ own work establishing microfinance and promoting social business models demonstrates he believes companies can and should also have positive social impacts.
So the quote captures Yunus critiquing a narrow profit-maximizing orientation, while his actions show he favors a broader definition of business value that encompasses helping people in need as well as earnings.