Business Quote by Nicholas Kristof
“I think we need to rethink a lot of business skills. In finance, for example, social impact bonds are potentially a way of providing capital for investments that save the public money in a context in which government often doesn't invest in things that would save it money.”
About This Quote
Source Speech: Commentary on Social Impact Bonds, 2015
Business skills must adapt to incorporate financing tools that align profit with public benefit, like social impact bonds which fund cost‑saving public projects.
In simple terms: Businesses need new finance tools that help public good.
Key Takeaway
Explore impact‑bond models.
Themes
finance
social impact
innovation
Mood
optimistic
strategic
Type
analytical
inspirational
When to use this quote
- government budgeting
- non‑profit funding
- corporate social responsibility
Key Concepts
public‑private partnership
social finance
risk‑sharing
Questions to Reflect On
- How can businesses measure social returns?
- What incentives drive government participation?
A Different Perspective
Impact bonds rely on measurable outcomes, which can be hard to define.
![“[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)
