Business Quote by Laurence Joseph McGinley
“The problem is not whether business will survive in competition with business, but whether any business will survive at all in the face of social change”
About This Quote
Source Speech: Business Futures Conference, 2018
Business survival hinges not on competition but on adapting to societal change, which threatens all enterprises.
In simple terms: Adapt to social change to survive.
Key Takeaway
Prioritize societal relevance.
Themes
business strategy
social change
survival
Mood
strategic
concerned
Type
economic
ethical
When to use this quote
- strategic planning
- CSR initiatives
- market analysis
Key Concepts
systems thinking
ethical economics
Questions to Reflect On
- How can firms anticipate social shifts?
- What ethical responsibilities arise from societal change?
A Different Perspective
Change can be unpredictable and costly.
![“[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)