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.

The forum panel comprised (from left) Kuik Shiao-Yin, Co-founder and Creative Director of The Thought Collective; Alfie Othman, Executive Director, Social Enterprise Association; Dr Pamela Hartigan; and Elim Chew, Governor, SIF and *SCAPE.

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.

Dr Hartigan spoke about transforming capitalism for the future to a full house comprising social, corporate, diplomatic and academic personalities at *SCAPE Warehouse.

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.”

The panellists dialogued with a lively audience, who commented and raised questions on the role of corporations and social responsibility, growth and sustainability of social enterprises, and proposed new ideas and partnerships for a better world.

Back
12 October 2018
Singaporeans and Malaysians collaborate for a third year to explore ‘Arts and Healing’ at Causeway EXchange (CEX) 2018

The Singapore International Foundation’s (SIF), ‘Arts and Healing’ component of CEX attracted an audience of close to 200 Singaporeans and Malaysians over an art-filled weekend.

12 September 2018
Singapore And Myanmar Team Up To Improve Healthcare For At Least 30,000 Lives In Yangon Over The Next Three Years

The collaboration between Singapore International Foundation (SIF), Yangon General Hospital (YGH) and Singapore Health Services (SingHealth) is aimed at raising the overall quality of trauma rehabilitation care in Myanmar.

15 August 2018
Singapore and Indonesia Work Together to Benefit Over 50,000 Lives Annually in East Java, Indonesia

Launch of four-year programme seeks to address the universal challenge of reducing mortality rate of infants and children under five years of age.

10 October 2018
YSE 2018 Mumbai Workshop

The Young Social Entrepreneurs (YSE) 2018 Mumbai Workshop was held from 26 to 29 September 2018 as part of a series of workshops organised by the SIF to reach out to more young social entrepreneurs around the world. Into its second edition, the 2018...

15 November 2018
Water for Life featuring Fauzie Laily and Felicia Chin

Go behind the scenes and watch them team up with our Singapore International Volunteers to bring clean water to the Cambodian villagers-turned-friends!

Back to Top
Site Map