“... between government, business, and the public, there is a triangular community of interest. Clearly, it is in business' interest to shape its behavior to prevailing public values; it is more efficient to do so than not to do so. It is also clear that government is the high-cost alternative through which public values are imposed on corporations that do not accurately perceive these values.”
Quote by Juanita M. Kreps
Author
Juanita M. Kreps
Juanita M. Kreps was a notable figure in the U.S. government, serving as the Secretary of Commerce under President Gerald Ford. Born on January 11, 1921, and passing away on July 5, 2010, she dedicated her career to advancing economic growth and shaping commerce policies. Kreps was a strong advocate for innovation and competitiveness, playing a pivotal role in the establishment of the Export-Import Bank and the Small Business Administration, which supported American businesses in their international endeavors. Her tenure was characterized by her commitment to fair trade and addressing economic inequalities. more