5:47 PM
This is an entrepreneurship run with social objectives in mind :-
(1) Provide employment - and provide salary for those who need a job.
(2) Provide affordable low cost food for customer.
(3) Adopt cost-recovery model (where revenue is able to cover cost - fixed overhead cost + variable cost (including worker salary and CEO salary)) - without operating at a loss nor make a profit.
(1) Provide employment - and provide salary for those who need a job.
(2) Provide affordable low cost food for customer.
(3) Adopt cost-recovery model (where revenue is able to cover cost - fixed overhead cost + variable cost (including worker salary and CEO salary)) - without operating at a loss nor make a profit.
The "boss" who run this social hawker centre - are not driven by profit and are not answerable to shareholders to provide dividend and capital growth - thus to achieve "not-for-profit" is attainable - as this "boss" effectively is also compensated by a salary scheme - not by bonus if gain more profit.
This CEO is driven by a noble cause with the holistic mission of :- (1) providing jobs (2) providing affordable low cost food - to low income people, retiree, unemployed, students or those who want to save more for retirement.
This social mission - is not run by the State - which is known as "State Enterprise" - but by private sectors - who are philanthropist in mind and who want to contribute in charity.
This is a socialist system in a capitalist system - middle path of socialism and capitalism ----- for very basic essential necessities ----- FOOD for survival - so that no one will go hungry.
I thought this is a very good cause.
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But don't get me wrong - i am not proposing this model for every sector of the Economy - only for very basic essential services - like FOOD - for lower income group or for those want lower cost food.
Other aspects of Economy will still need to run with Market Economy principles - as we need growth to ensure entrepreneurship, motivation for prosperity and Economic Growth.
No growth - no money - to build road, build bridges, build house, improve our living standard, buy this, buy that, subsidies this, subsidies that........, get top talents to fuel our Economy.....
No growth - no money - to build road, build bridges, build house, improve our living standard, buy this, buy that, subsidies this, subsidies that........, get top talents to fuel our Economy.....
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