A Quote by Charles Koch

Successful companies create value by providing products or services their customers value more highly than available alternatives. They do this while consuming fewer resources, leaving more resources available to satisfy other needs in society. Value creation involves making people's lives better. It is contributing to prosperity in society.

Charles Koch

Quote Topics

Alternatives Available Better Companies Consuming Contributing Create Creation Customers Fewer Highly Involves Leaving Lives Making More Needs Other People Products Prosperity Providing Resources Satisfy Services Society Successful Than Value While

Quote Author

Charles Koch
American - Businessman
Born: November 1, 1935

People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize.

David Packard

So to the best we can, what we do is focus on creating value for others, and how do we do that? We do it by trying to produce products and services that our customers will value more than their alternatives, and not just their alternatives today, but what the alternatives will be in the future. We try to more efficiently use resources than our competitors, and constantly improve in that, and we try to do the best job we can in creating a safe environment, and environmental excellence, and constantly improve at that.

Charles Koch

In business, real jobs profitably produce goods and services that people value more highly than their alternatives. Subsidizing inefficient jobs is costly, wastes resources, and weakens our economy.

Charles Koch

The role of business is to provide products and services that make people's live better - while using fewer resources - and to act lawfully and with integrity. Businesses that do this through voluntary exchanges not only benefit through increased profits, they bring better and more competitively priced goods and services to market. This creates a win-win situation customers and companies alike.

Charles Koch

The purpose of business is to make a reasonable return by making products and services that people want and value. If you are not, you are wasting resources.

Alan Mulally

It's all about competitiveness: are you making the products that people really do want and value, and are you making it more efficiently and using less resources and less time than the competition?

Alan Mulally

Money is a function of value creation. The more value you create for other people, the higher the sales of your organization.

Robin Sharma

The role of business is to provide products and services that make people's lives better - while using fewer resources - and to act lawfully and with integrity.

Charles Koch

An organization is really a factory for producing new ideas and for linking those ideas with resources - human resources, financial resources, knowledge resources, infrastructure resources - in an effort to create value. These are processes that you can map, with results that you can measure.

John Kao

The role of business is to provide products and services that make peoples lives better - while using fewer resources - and to act lawfully and with integrity.

Charles Koch

Intellectuals feel they are the most valuable people, the ones with the highest merit, and that society should reward people in accordance with their value and merit. But a capitalist society does not satisfy the principle of distribution 'to each according to his merit or value.'

Robert Nozick

While a fundamental responsibility of business leaders is to create value for shareholders, I think businesses also exist to deliver value to society.

Kenneth Frazier

As more and more people are automated out of the economy through robotics and self-driving cars and other technologies, there will be a way to create value for other human beings online. There will be a virtual economy for exchanging value, goods and services, entertainment experiences, and all that.

Tim Sweeney

The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.

Abraham Lincoln

It's not enough to create value, you have to interpret the value for your prospects and customers so that they can feel the value emotionally and empirically.