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.”
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.
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.
Young Changemakers Of The SIF’S 2018 YSE Programme Gain Keen Insights Into Singapore’s Social Entrepreneurship Scene Ahead Of Their Final Pitching Session In October
This year marks the first time shortlisted participants were brought on a study visit to Singapore, and they received no less of an enriching experience than their alumni peers who had gone to Mumbai and Kuala Lumpur in previous years.
President’s Inaugural Visit to the Singapore International Foundation
The Singapore International Foundation (SIF) warmly welcomed Madam Halimah Yacob, President of the Republic of Singapore, during her inaugural visit as Patron at the SIF’s premises on 18 July. More than 80 Citizen Ambassadors, SIF programme...
Singaporean actress Oon Shu An and writer-host Jemimah Wei hit the road with our mobile library in Yogyakarta, Indonesia, joining the team of Singapore International Volunteers on the SIF's signature Words on Wheels programme.