Business Quote by Kenneth Frazier
“While a fundamental responsibility of business leaders is to create value for shareholders, I think businesses also exist to deliver value to society.”
About This Quote
Source Speech: Business Leadership Forum, 2020
Leaders should aim to generate profit while also contributing positively to society.
In simple terms: Profit and social good should go together.
Key Takeaway
Seek profit and societal impact.
Themes
leadership
ethics
value creation
Mood
thoughtful
inspired
Type
philosophical
inspirational
When to use this quote
- strategic planning
- community projects
- product development
Key Concepts
shareholder theory
corporate social responsibility
Questions to Reflect On
- How can you measure social impact?
- What trade‑offs are acceptable?
A Different Perspective
Profit focus may conflict with social goals.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“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)