Business Quote by Henry Mintzberg

“Corporations are social institutions. If they don't serve society, they have no business existing”

Henry Mintzberg

About This Quote

Source Book: The Nature of Managerial Work, Henry Mintzberg, 1973

Corporations should exist to benefit society; without social value they lack legitimate purpose.

In simple terms: Businesses must serve society to be legitimate.

Key Takeaway

Align business goals with societal needs.

Themes

business ethics social responsibility corporate purpose

Mood

thoughtful critical

Type

ethical philosophical

When to use this quote

strategic planning
corporate governance
community engagement
policy advocacy

Key Concepts

Stakeholder theory social contract

Questions to Reflect On

How can a company measure its societal impact?
What mechanisms ensure corporations stay accountable to society?

A Different Perspective

If profit is prioritized over social good, legitimacy erodes.

★ ★ ★ ★ ★ 4.9 out of 5 (3 ratings)

Business Corporations Corporations Social Economics Ifs Institutions Management Serve Society Social Social institutions Society Business

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