A Company Is A Public Entity

It is our full pleasure to visit the Matsushita Memorial Hall, so that to have a great chance to understand KONOSUKE MATSUSHITA's way of Life and Thinking. Many of his gems encourage and inspirit us very much. Of course, our team is willing to share one of his wisdom words with you together. Hope it is also very helpful for you. 

Common wisdom suggests that the whole purpose of an enterprise is to make a profit. Certainly making a profit is an essential part of sound business activities. However, profit itself is not the ultimate goal. The basic purpose of an enterprise is to work to improve life in the community through its business, and profit is important insofar as it allows the enterprise fulfill its fundamental mission.  

Seen in this light, a company is a public entity, and management should be considered a public, not a private concern. This is why even self-employed entrepreneurs must not focus only on their own position or concerns when making decisions about their business. They must think about how their actions will impact the community, and make decisions based on whether those actions will have a positive or negative impact.