One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
John Kenneth GalbraithRead
The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
Interpretation
What this quote means
Corporations today need to create demand for their products, not just produce them.
John Kenneth Galbraith's quote emphasizes the shift in business practices where merely producing goods is insufficient for success in the modern market. Companies must actively cultivate consumer desire and create an emotional connection to the products they sell, highlighting the importance of marketing and branding in today's economy.
Themes
CorporationDesireGoodsManufacturingMarketing
In practice
Example use cases
In a marketing seminar, to illustrate the importance of creating demand, you might say, 'The modern corporation must manufacture not only goods but the desire for the goods it manufactures.'
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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