June 22, 2020

“I want to discuss why a company exists in the first place.  In other words, why are we here? I think many people assume, wrongly, that a company exists simply to make money. While this is an important result of a company’s existence, we have to go deeper and find the real reasons for our being. As we investigate this, we inevitably come to the conclusion that a group of people get together and exist as an institution that we call a company so they are able to accomplish something collectively that they could not accomplish separately – they make a contribution to society, a phrase which sounds trite but is fundamental.” -David Packard, 1960

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  1. I actually think companies do exist to make money and benefits to society are natural byproduct.

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