Good Business Cents
To achieve a higher purpose, business leaders need to be conscious capitalists, in a paradigm shift from profit-maximisation to purpose-maximisation.
Keynote speaker, Dr Pamela Hartigan, won the audience over at the Singapore International Foundation’s 11th Ideas for a Better World Forum on 20 June 2013, when she confided to them that Singapore is her favourite Asian city.
The world leading proponent of social entrepreneurship, who is director of Skoll Centre for Social Entrepreneurship at University of Oxford’s Saïd Business School, spoke candidly on the theme of “Good Business Cents and Sensibility.”
She spoke about how “entrepreneuring” is different from being an “entrepreneur.” Only some can be entrepreneurs but “entrepreneuring” is something she believes everyone can do, including governments, the commercial sector and charities. Her belief is that what will create positive social change through markets is a mind shift and she emphasised that to achieve a higher purpose, business leaders need to be conscious capitalists, in a paradigm shift from profit-maximisation to purpose-maximisation.
Drawing on her extensive experience in corporate citizenship, public health, development and private/public partnerships, Dr Hartigan suggested that social entrepreneurship, as an approach rather than a specialised field, could pave the way toward a transformation of capitalism.
At the forum held at the *SCAPE Warehouse, Dr Hartigan was joined by key players in the social enterprise landscape in Singapore for the discussion that followed. The panellists were Elim Chew, Governor of SIF and founder of 77th Street, Alfie Othman, executive director of the Social Enterprise Association and Kuik Shiao-Yin, co-founder and creative director of The Thought Collective. They spoke of how business leaders need to be mindful of the short and long term consequences of their actions and to act as “conscious capitalists.” The need for a shift from the mentality of profit-maximisation was summed up by Othman, who said, “If you can block out the part of the human mind that focuses on making as much money as possible, it can focus on creating value and being sustainable.”
SIF-NYC Collaborate to Build Regional Network of Young Changemakers
Singapore International Foundation (SIF) and National Youth Council (NYC) ink a three-year Memorandum of Understanding (MOU), formalising their partnership and commitment to collaborate on the ASEAN Youth Fellowship.
Perspectives of an ASEAN Community from Around the Globe – SIF Launches Volume III of ‘Singapore: Insights from the Inside’
To commemorate Singapore’s chairmanship of ASEAN this year, the SIF has brought together perspectives from friends across the globe on what the ASEAN identity means to them and how Singapore has and can contribute towards a better ASEAN...
Collaborating Across Abilities and Cultures
About 350 participants from 12 countries attended the Arts & Disability International Conference 2018 to share developments in the area of arts and disability.
Enhancing Child and Adolescent Psychiatric Services Programme in Surabaya
Some 200 Indonesian healthcare workers in Surabaya, Indonesia have been equipped with enhanced knowledge and skills to assess, treat and manage child and adolescent patients with emotional and behavioural issues. This follows a two-year...
Friends for a Better World
Through the lens of National Geographic, find out how our Citizen Ambassadors help to build a Better World.