“Industry's responsibilities broaden. Its leaders must develop an enlightened and militant statesmanship, for progress in the solution of these problems is vital. If this responsibility is not assumed and discharged from within industry, it is bound to be superimposed from without.”

—  Alfred P. Sloan

Source: "The Broadened Responsibilities of Industry's Executive," 1936, p. 362

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Alfred P. Sloan photo
Alfred P. Sloan 47
American businessman 1875–1966

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“Industry must further expand its horizon of thinking and action Industry must further expand its horizon of thinking and action. It must assume the role of an enlightened industrial statesmanship. To the extent that it accepts such broadened responsibilities, to that degree does it assure the maintenance of private enterprise, and with it the exercise of free initiative as the most efficient creator of wealth.
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