A company has a greater responsibility than making money for its stockholders. We have a responsibility to our employees to recognize their dignity as human beings.
David PackardRead
Marketing is too important to be left to the marketing department.
Interpretation
Marketing should be a priority for everyone in a company, not just a dedicated team.
This quote by David Packard emphasizes the vital role that marketing plays within an organization, suggesting that it should not be confined solely to the marketing department. Instead, every member of the company should recognize the importance of marketing and contribute to creating a cohesive brand message and customer experience, as it impacts the entire business's success and reputation.
In practice
This quote is perfect for a team meeting to inspire collaboration across different departments.
A company has a greater responsibility than making money for its stockholders. We have a responsibility to our employees to recognize their dignity as human beings.
People are the core of every business. Businesses are based on relationships, and relationships are based on people. I would go to an average restaurant run by amazing people over an outstanding restaurant run by awful people.
I'd rather Apple cannibalize Apple than somebody else cannibalize Apple.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
In this business, by the time you realize you're in trouble, it's too late to save yourself. Unless you're running scared all the time, you're gone.
Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches.
Greatest risk is not development of new product, but development of customers and markets
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