Business Quote by David Packard
““A group of people get together and exist as an institution we call a company so they are able to accomplish something collectively that they could not accomplish separately – they make a contribution to society, a phrase which sounds trite but is fundamental.””
About This Quote
Source Speech: Stanford Commencement Address, 1975
Companies exist to achieve collective goals impossible for individuals, contributing to society despite sounding cliché.
In simple terms: Businesses enable teamwork for greater impact.
Key Takeaway
Focus on collaborative purpose.
Themes
collaboration
innovation
society
Mood
inspirational
pragmatic
Type
business
leadership
When to use this quote
- team building
- entrepreneurship
- social entrepreneurship
- strategic planning
Key Concepts
economics
organizational behavior
ethics
Questions to Reflect On
- What societal need does your organization address?
- How can you ensure equitable contribution?
A Different Perspective
It can ignore power imbalances within corporations.
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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)