The American business man cannot consider his work done…
“The American business man cannot consider his work done when he views the income balance in black at the end of an accounting period. It is necessary for him to trace the social incidence of the figures that appear in his statement and prove to the general public that his management has not only been profitable in the accounting sense but salutary in terms of popular benefits.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Advocates for businesses to assess social impact beyond profit, ensuring benefits to the public.
In simple terms: Businesses should evaluate social impact.
Key Takeaway
Measure social benefits of business.
Themes
ethics
responsibility
impact
Mood
serious
analytical
Type
statement
policy
When to use this quote
- policy making
- CSR reporting
- community outreach
- financial analysis
- public communication
Key Concepts
social accounting
corporate governance
Questions to Reflect On
- How can you quantify social impact?
- What incentives drive ethical business?
A Different Perspective
Balancing profit and social good can be complex.