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.
Entrepreneurship is not about wealth, freedom or prestige. There is only one reason to become an entrepreneur: the passion to run one’s own business, according to Kelvin Teo (BAC Hons 2010), Director, Funding Societies.
“You need to be 100 percent sure why you are venturing out. And you believe that you’re better off failing in a start-up than succeeding in a MNC. Then do it and never look back,” he said.
Kelvin left his consulting job at a multinational firm and early this year, he co-founded Funding Societies, a peer-to-peer marketplace for SMEs to secure loans for growth.
Several hundred NUS Business School alumni, students, faculty and staff came together on Friday 4 September to celebrate the 50th anniversary of the nation’s first and most established provider of business education.
Held at the School’s Mochtar Riady Building, six Masterclasses helmed by the School’s distinguished professors were organised exclusively for the Homecoming, to provide participants with insights into various global developments. Topics included the impact of high cost of car ownership, retirement planning, philanthropy, corporate governance, energy conservation with children and conducting business in China.
Wateroam CEO David Pong at a relief mission
Imagine having a plastic bag that weighs a mere 300 grams and serves an important source of drinkable water at disaster zones?
A Singapore start-up called Wateroam has done exactly that, coming up with Fieldtrate Lite. The product uses a novel ceramic-based membrane that resembles a floor tile to filter out dirt and bacteria.
It is affordable too, according to CEO David Pong who is a BBA alumnus. “It costs about half of comparable products that are in the market.”
More than 1000 students from the Doctorate, Masters and Bachelor cohorts graduated from our Business School yesterday.
Some are already employed or have secured jobs before graduation, but many will be looking to join the workforce in Singapore.
Many of them might not be sure what to expect as they begin a new phase in their lives.
Fortunately, they have two influential business leaders, who were at the Commencement ceremony as guest speakers, to give advice to the graduates.
So Outside-In listened to the two – Loh Chin Hua, CEO of Keppel Corporation, and Chua Sock Koong, group CEO of Singtel – and present here the highlights from their speeches.
And what is the best part about these commencement speeches? The advice is relevant even for those who are not in gowns and mortarboards.
SAP and NUS signed an agreement today to help enterprises and students become better positioned in today’s digital economy. Both the entities will take part in joint activities to support the further understanding of information processes and their applications to transform enterprises. This new agreement builds on existing collaborations initiated several years ago, on Enterprise Resource Planning technologies and applications.
Singapore has one of the highest living standards in the world but there are still groups of disadvantaged Singaporeans who may need extra help to become self-reliant.
Money cannot buy fairness but it appears that fairness can determine where the money goes.
In their paper ‘Distributional and Peer-induced Fairness in Supply Chain Contract Design’, Professor Teck-Hua Ho, Associate Professor Xuanming Su from the Wharton School and Associate Professor Yaozhong Wu, became the first to introduce the concept of peer-induced fairness in the design of business-to-business wholesale pricing contracts. They successfully demonstrated that when making business transactions, supply chain members care about not only their individual profit but also fairness in profit comparisons with one another. So a profit-seeking supplier should strategically incorporate the retailer’s fairness preferences in making contract offers.
Professor Teck-Hua Ho (left) and Professor Wu Yaozhong
NUS Business School has been ranked second among Asian business schools and 16th globally in the latest Financial Times ranking of customised Executive Education (EE) programmes. It is also the only Singaporean university ranked for customised EE programmes.
The customised rankings are based on responses from client companies, as well as data from schools. The FT’s corporate survey gauges the quality of the design of the programmes, the quality of the faculty and whether the programmes provide value for money.
It is not often that one gets to be a professor, speaker, writer, inventor, subject-matter expert, consultant, pilot, poet, business leader, and a father – and excel at each of these roles. But when asked what inspires him the most, Visiting Senior Fellow Keith Carter immediately responds, “While I wear multiple hats, there’s one thing I most definitely do and love: To make lives of others easier with technology. That is my passion, and my mission in life.”