A Quote by Lachlan Murdoch
The industry is littered with self-styled purists who believe the business of media.. the requirement to make a profit.. somehow corrupts the craft.
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It is probably true that business corrupts everything it touches. It corrupts politics, sports, literature, art, labor unions and so on. But business also corrupts and undermines monolithic totalitarianism. Capitalism is at its liberating best in a noncapitalist environment.
The self-anointed media elite among us believe, somewhat self-servingly, that not only the act, or process of making a profit is positively sinister, but also that the very desire to do so is.
Your enemy is still yourself. You don't have enemies. They may be self-styled. I have plenty of self-styled enemies. I don't wish them harm.
We, in the business world, invest our money to make a profit. Sports teams make a good profit. That's the way the system should work, not taxpayers forking over these dollars to for-profit enterprises.
We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.
History is littered with people who came up with great ideas and saw others profit from them. You need to make sure you don't join their ranks.
The central task for a business is to make a profit. The challenge is to make a profit by doing things which are genuinely good for people and good for societies.
Every time I go into a new venture, I find a "rabbi" who has the business acumen to help me understand the mechanics of that industry, the costs involved in developing a product, and what you need to do in order to make a profit.
What is true is that the idea of power corrupts. Power corrupts most rapidly those who believe in it, and it is they who will want it most. Obviously, our democratic system tends to give power to those who hunger for it and gives every opportunity to those who don't want power to avoid getting it. Not a very satisfactory arrangement if power corrupts those who believe in it and want it.
Making a profit is no more the purpose of a corporation than getting enough to eat is the purpose of life. Getting enough to eat is a requirement of life; life's purpose, one would hope, is somewhat broader and more challenging. Likewise with business and profit.
I think wealthy conservatives are busy investing in profit and job creation and enterprise, and wealthy liberals, many of them either from the media industry themselves or from - they recognize the value of communications and are more ready to put money into a less profitable enterprise, namely the media.
Sometimes among our more sophisticated, self-styled intellectuals--and I say self-styled advisedly; the real intellectual I am notsure would ever feel this way--some of them are more concerned with appearance than they are with achievement. They are more concerned with style then they are with mortar, brick and concrete. They are more concerned with trivia and the superficial than they are with the things that have really built America.
The problem most people make with their media presence is they're trying to craft a media presence as opposed to just consistently publishing who they are.
At the birth of society and civilisation I find a religious landscape littered with feisty female deities who make wisdom their business.
For the second straight year, craft beer is the fastest growing segment of the U.S. alcoholic beverage industry. In 2005, craft beer experienced a 9 percent increase in volume, nearly triple that of the growth experienced in the wine and spirits industry.
...there is no more strategic issue for a company, or any organization, than its ultimate purpose. For those who think business exists to make a profit, I suggest they think again. Business makes a profit to exist. Surely it must exist for some higher, nobler purpose than that.
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