Profitability, growth, and safeguards against existential risks are crucial to strengthening a company's long-term prospects. But if these three factors constitute a company's 'hard power, ' firms also need 'soft power': public trust and acceptance, won by fulfilling a company's social responsibility.

Klaus Schwab
Some Similar Quotes
  1. I wonder if fears ever really go away, or if they just lose their power over us. - Veronica Roth

  2. The day the power of love overrules the love of power, the world will know peace. - Mahatma Gandhi

  3. Keep your best wishes, close to your heart and watch what happens - Tony Deliso

  4. I met an old lady once, almost a hundred years old, and she told me, 'There are only two questions that human beings have ever fought over, all through history. How much do you love me? And Who's in charge? - Elizabeth Gilbert

  5. This life is yours. Take the power to choose what you want to do and do it well. Take the power to love what you want in life and love it honestly. Take the power to walk in the forest and be a part of... - Susan Polis Schutz

More Quotes By Klaus Schwab
  1. Business cycles naturally entail peaks and troughs in employment, and socially responsible businesses should follow successful examples like Coca-Cola, Alcoa, Saudi Aramco, Africa Rainbow Minerals, and Google in working toward mitigating joblessness and enhancing people's abilities to earn a livelihood.

  2. The concept of corporate social responsibility (CSR) has long been used as an effective lens through which to examine the actions business can take toward ensuring mutual long-term well-being and sustainability.

  3. Change can be frightening, and the temptation is often to resist it. But change almost always provides opportunities - to learn new things, to rethink tired processes, and to improve the way we work.

  4. Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality.

  5. We must address, individually and collectively, moral and ethical issues raised by cutting-edge research in artificial intelligence and biotechnology, which will enable significant life extension, designer babies, and memory extraction.

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