Richard Branson on Why Volunteer Work Is Important for Business Leaders

October 15th, 2012   •   Comments Off   

You are spending a lot of time on your philanthropic ventures and volunteer work. Does this take time away from your job of steering the Virgin Group? Or does it help you to come up with new approaches to business problems?

A: When people ask me if a business can balance making a difference in people’s lives with making a profit for the company, the point that I always try to make is that the two are not exclusive.

Business leaders should not focus solely on earning money. They must remember that a healthy profit means that a community supports and appreciates the products and services a business offers, and also how that business is managed.

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