The Eminent Business Alumni Awards recognise the School’s graduates who are not just business leaders, but also make a difference to society.
This year’s recipients were honoured by Mr Lawrence Wong, Minister for National Development and Second Minister for Finance at an award ceremony held at Singapore Marriott Tang Plaza Hotel on 11 November 2016.
The Eminent Business Alumni Awards recipients with the Awards Committee and Lawrence Wong (centre, front row)
The current buzz about digital disruption is feeding an innovation frenzy as companies seek ways to reinvent their businesses to stay relevant.
But what is innovation and how should companies innovate?
NUS students worked together with top ASEAN social enterprises, to compete for prizes amounting to S$75,000 for the inaugural Crossing the Chasm Challenge held on 16 September 2016. The inaugural event focused on students working with industry mentors to help social enterprises helping to end poverty devise marketing plans and pitches for success.
Congratulations to Professor Michael Frese, Provost’s Chair and Head of Management and Organisation, for receiving the Distinguished Career Contributions Award by the Leipzig Congress of the German Psychological Society.
(L-R) Michael Frese, Professor Abele-Brehm, President of the German Psychological Society and Professor Brigitte Rockstroh, who was also honoured for her scientific work
Presented at the 50th anniversary celebrations of the German Psychological Society on Sept 18-22 in Leipzig, Germany, Michael was awarded the honour for his life-long contributions to the field of psychology. He has published over 150 peer reviewed journal articles, 150 book chapters and nearly 30 books and edited special issues till date. He is the most-cited management scholar in Germany and Asia-Pacific region, and among the 10 most-cited organizational behaviour and entrepreneurship researchers worldwide. He is ranked third in lifetime publications among German management professors and is the second most-cited economist in Germany (FAZ Ranking on Research 2015). As a cross-cultural organisational psychologist, Michael’s research interests span across innovation and innovation processes, the psychology of entrepreneurship and error management. He is particularly interested in enhancing the entrepreneurial mind-set of students and entrepreneurs in developing countries.
When Associate Professor Audrey Chia embarked on a study of how social entrepreneurship can make an impact in healthcare, little did she realise that her paper will start a global conversation.
Collaborating with Associate Professor Lim Yee Wei from the NUS Saw Swee Hock School of Public Health, she co-authored a paper titled “Social Entrepreneurship: Improving Global Health” to underscore the growing role and effectiveness of social entrepreneurship in healthcare delivery. Drawing upon data and case studies of Asian social enterprises, the paper highlights how social enterprises such as Aravind Eye Care System and Kopernik, have risen to the task to meet basic health needs through frugal innovations.
Audrey taking a class at NUS Business School
A recent survey by BNP Paribas on Global Entrepreneurs revealed that the millennial generation – those born between 1980 and 1995 – are creating more companies in traditional sectors and the new economy. On average, they launch about 8 companies throughout their careers, compared to 3.5 by the older generation. This sudden and strong emergence of a new generation of entrepreneurs under 35 have been dubbed “The Millennipreneurs.”
One of our very own – NUS BBA (Honours) alumnus Jian Liang Low – is a true blue “Millennipreneur”. Since the age of 5, he has been pursuing his passion for entrepreneurship and in his quest, travelled the world breathing in different cultures and personalities. By the age of 19, he has interned in start-ups, founded a few of his own, worked in a venture capital firm, spoke at international conferences and won international competitions – his experiences span across USA, Israel, China and Asia. Perhaps this is why his latest venture Trabble, a personalised, chat-based Concierge service, caters to global travellers who are looking for quick and efficient travel services.
NUS BBA (Honours) alumnus Jian Liang Low, who is passionate about nurturing entrepreneurs
Close to 300 directors and top management attended the Launch of the Board Risk Committee Guide and ASEAN Corporate Governance Scorecard (ACGS) 2016 event organized by Singapore Institute of Directors (SID).
The ACGS is an initiative of the ASEAN Capital Markets Forum and the Asian Development Bank to create a common tool for assessing the corporate governance of publicly listed companies in the ASEAN countries. The participating countries are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
The 2015 ACGS results are based on companies’ disclosures on websites and annual reports with financial year end between 1 April 2014 and 31 March 2015.
Last month, a packed hall of students met Bill McDermott, CEO of SAP. With nearly 77,000 employees and 300,000 customers in 190 countries, SAP is the world’s business software market leader. Bill is also the author of “Winners Dream: A Journey from Corner Store to Corner Office”, where he shares his journey from teenage entrepreneur to global CEO.
Bill began his professional career at Xerox, where he worked for 17 years and rose through the ranks to become the company’s youngest corporate officer and division president. He joined SAP in 2002 to lead the North America business, and became the company’s co-CEO in 2010 and its sole CEO in 2014.
However, as a businessman, Bill started his journey at 17, just a little younger than our undergraduates, when he bought his first deli with $5,500 in loans. His promise to his creditors then – if he failed to make any of the repayments as scheduled, he would lose the deli. He paid them back, within two months, a total sum of $7,000, including interest. The deli paid his way through college, and was sold once that purpose was achieved.
If life was a deli, this is what Bill took away:
Congratulations to Professor Wong Poh Kam, Professor of Strategy & Policy, and Director of the NUS Entrepreneurship Centre, on winning the World Entrepreneurship Forum’s (WEnF) Entrepreneur for the World Award (Educator Category).
The award is conferred on exceptional entrepreneurs annually for their impact on society and their capacity to change the world. He is among only five recipients this year, and the only one in the Educator category.
Students of Associate Professor (Strategy and Policy) Marleen Dieleman’s class got a chance to get up close with a CEO when Henri Honoris, CEO of PT Modern Internasional, the franchise owner of 7-Eleven Indonesia, was invited to speak in her class.
While introducing the 7-Eleven franchise to Indonesia in 2009, Honoris created a new business model – he added a café concept into what was originally just a regular convenience store. This move turned 7-Eleven into a popular hangout for youths and young adults in Jakarta. Today, there are over 190 stores in Jakarta.