“Prestige, competitive reputation, social philosophy, social standing, philanthropic interests, combativeness, love of intrigue, dislike of friction, technical interest, Napoleonic dreams, love of accomplishing useful things, desire for regard of employees, love of publicity, fear of publicity – a long catalogue of non-economic motives actually condition the management of business, and nothing but the balance sheet keeps these non-economic motives from running wild. Yet without all these incentives, I think most business would be a lifeless failure.”

— Chester Barnard

Source: Organization and Management: Selected Papers (1948), p. 15

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Prestige, competitive reputation, social philosophy, social standing, philanthropic interests, combativeness, love of i…" by Chester Barnard?

Chester Barnard 24

American businessman 1886–1961

Related quotes

“Great works of literature have frequently been produced by authors writing under assumed names. Despite readers' curiosity and the public's interest in identifying the creator of a work of art, an author generally is free to decide whether or not to disclose her true identity. The decision in favor of anonymity may be motivated by fear of economic or official retaliation, by concern about social ostracism, or merely by a desire to preserve as much of one's privacy as possible. Whatever the motivation may be, at least in the field of literary endeavor, the interest in having anonymous works enter the marketplace of ideas unquestionably outweighs any public interest in requiring disclosure as a condition of entry.”

John Paul Stevens (1920–2019) Former Associate Justice of the Supreme Court of the United States

McIntyre v. Ohio Elections Commission (Majority opinion, 514 U.S. 334 (1995)

“Effectiveness relates to the accomplishment of the cooperative purpose which is social and non-personal in character. Efficiency relates to the satisfaction of individual motives and is personal in character.”

Chester Barnard book The Functions of the Executive

Source: The Functions of the Executive (1938), p. 60

“If it were not for the hope that a scientific study of men's social actions may lead, not necessarily directly or immediately, but at some time and in some way, to practical results in social improvement, not a few students of these actions would regard the time devoted to their study as time misspent. That is true of all social sciences, but especially true of economics. For economics "is a study of mankind in the ordinary business of life"; and it is not in the ordinary business of life that mankind is most interesting or inspiring.”

Arthur Cecil Pigou (1877–1959) British economist

Source: The Economics of Welfare (1920), Ch. 1 : Welfare and Economic Welfare, § 1

“The public interest is not served by parties incapable of defining their driving principles and standing their ground. Politics is either about the competition of ideas or it is about nothing.”

Alex Salmond (1954) Scottish National Party politician and former First Minister of Scotland

Strategic objectives of new Government (May 23, 2007)
Context: I do not favour the mushy ground of false consensus. The public interest is not served by parties incapable of defining their driving principles and standing their ground. Politics is either about the competition of ideas or it is about nothing. But just as the public interest is served by that competition, so it is ultimately better served by thoughtful reflection rather just than knee-jerk reaction.

“In spite of the moderate usefulness of what the economist has to say on this subject… there is a cry for a cultural anthropologist or even a psychologist when the economist runs into sacred cows, extended families, traditional motivations, levels of achievement, and social morale, all of which may be more important to economic development than any of the traditional economic variables. We still await a true synthesis of the insights of economics with those of other social sciences in the area”

Kenneth E. Boulding (1910–1993) British-American economist

Kenneth Boulding (1961). "Contemporary economic research: . In Donald P. Ray (Ed.) Trends in social science. p..19 cited in: Erik Angner & George Loewenstein (2006) Behavioral Economics http://www.cmu.edu/dietrich/sds/docs/loewenstein/BehavioralEconomics.pdf
1960s

“Our country has deliberately undertaken a great social and economic experiment, noble in motive and far-reaching in purpose.”

Herbert Hoover (1874–1964) 31st President of the United States of America

On Prohibition; sometimes misquoted as referring to Prohibition as "a noble experiment"; reported as such in Paul F. Boller, Jr., and John George, They Never Said It: A Book of Fake Quotes, Misquotes, & Misleading Attributions (1989), p. 47-48.
The New Day: Campaign Speeches of Herbert Hoover (1928)

“It is essential condition to maintain mutual trust and confidence between the employer and the employee to obtain the goal of rapid economic development and social justice.”

V. V. Giri (1894–1980) Indian politician and 4th president of India

Pravin Durai in: Human Resource Management http://books.google.co.in/books?id=aan1hKH_ejUC&pg=PA387, Pearson Education India, p. 387
Explaining his theme of the tree of socialism with the root comprising human beings.

“When you come to analyze the love of money which was the general impulse to effort in your day, you find that the dread of want and desire of luxury was but one of several motives which the pursuit of money represented; the others, and with many the more influential, being desire of power, of social position, and reputation for ability and success.”

Edward Bellamy (1850–1898) American author and socialist

Source: Looking Backward, 2000-1887 http://www.gutenberg.org/dirs/etext96/lkbak10.txt (1888), Ch. 9.

“Let us assume that our problem is the intensification in the public mind of the prestige of a hotel. The problem for the public relations counsel is to create in the public mind the close relationship between the hotel and a number of ideas that represent the things the hotel desires to stand for in the public mind.”

Edward Bernays (1891–1995) American public relations consultant, marketing pioneer

Source: Crystallizing Public Opinion (1923), p. 168

“At the center of non-violence stands the principle of love”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

Help us to complete the source, original and additional information

Chester Barnard 24

Related quotes

Related topics