--- title: "Meaning & Key Takeaway of: ... between government, business, and the…" description: "\"... between government, business, and the public, there is a triangular community of interest. Clearly, it is in business' interest to shape its behavi..." image: "https://sms4smile.com/quotes/i/fef/juanita-m-kreps-77791_alternatives_between-government-business-and-the-publ_1120814.png" --- # ... between government, business, and the public, there is… ![“... between government, business, and the public, there is a triangular community of interest. Clearly, it is in business' interest to shape its behavior to prevailing public values; it is more efficient to do so than not to do so. It is also clear that government is the high-cost alternative…” quote by Juanita M. Kreps](https://sms4smile.com/quotes/i/fef/juanita-m-kreps-77791_alternatives_between-government-business-and-the-publ_1120814.png) [Download](https://sms4smile.com/quotes/i/fef/juanita-m-kreps-77791_alternatives_between-government-business-and-the-publ_1120814.png) [Open image](https://sms4smile.com/quotes/i/fef/juanita-m-kreps-77791_alternatives_between-government-business-and-the-publ_1120814.png) > “... between government, business, and the public, there is a triangular community of interest. Clearly, it is in business' interest to shape its behavior to prevailing public values; it is more efficient to do so than not to do so. It is also clear that government is the high-cost alternative through which public values are imposed on corporations that do not accurately perceive these values.” [Juanita M. Kreps](https://sms4smile.com/quotes/author/juanita-m-kreps/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Businesses align with public values to avoid costly government regulation, creating a three‑way relationship among government, firms, and citizens. **In simple terms:** Companies follow public values to dodge regulation. Key Takeaway Align with public values early. Themes business government public interest regulation strategy Mood analytical critical strategic Type advisory analytical When to use this quote - product development - marketing campaigns - corporate governance - policy advocacy Key Concepts Corporate social responsibility public choice theory regulatory economics Questions to Reflect On - How can firms accurately gauge public values? - What mechanisms ensure government actions stay cost‑effective? A Different Perspective If public values are unclear, firms may misinterpret and still face penalties. ★ ★ ★ ★ ★ No ratings yet [Alternatives](https://sms4smile.com/quotes/about/alternatives/) [Behavior](https://sms4smile.com/quotes/about/behavior/) [Business](https://sms4smile.com/quotes/about/business/) [Business Public](https://sms4smile.com/quotes/about/business-public-1618949/) [Clear](https://sms4smile.com/quotes/about/clear/) [Community](https://sms4smile.com/quotes/about/community/) [Corporations](https://sms4smile.com/quotes/about/corporations/) [Cost](https://sms4smile.com/quotes/about/cost/) [Efficient](https://sms4smile.com/quotes/about/efficient/) [Government](https://sms4smile.com/quotes/about/government/) [Government Business](https://sms4smile.com/quotes/about/government-business-407184/) [Habits](https://sms4smile.com/quotes/about/habits/) [Interest](https://sms4smile.com/quotes/about/interest/) [Perceive](https://sms4smile.com/quotes/about/perceive/) [Politics](https://sms4smile.com/quotes/about/politics/) [Prevailing](https://sms4smile.com/quotes/about/prevailing/) [Public Triangular](https://sms4smile.com/quotes/about/public-triangular-3031158/) [Public Values](https://sms4smile.com/quotes/about/public-values-1719979/) [Shapes](https://sms4smile.com/quotes/about/shapes/) [Values](https://sms4smile.com/quotes/about/values/) [Values Imposed](https://sms4smile.com/quotes/about/values-imposed-2053808/) ## Related quotes > [The biggest pieces of my business are not public. 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