Enterprise
Revolutionising business through social enterprise
Calyn Yap | 07 Nov 2014 00:01
From left: Lai, Loo, Firdaus Nisha, Agarwal and Navin
There is a distinct boundary between a business and a non-governmental organisation. Businesses are driven by profit, often to the detriment of society and the environment, and NGOs are dependent largely on donations. Today’s urban youth, however, is spurring a new way of doing business. With most basic needs taken care of by parents, this generation is looking for more in life than to toil at a steady nine-to-five job with single-minded purpose. It wants to contribute to a greater cause. It is this desire that has led to the social business – organisations using business models to attain the central objective of a social or environmental vision. One of the main issues with traditional NGOs is their dependence on charity, which may not be sustainable. Realising this, many entrepreneurs have started a model that addresses this lack by sustaining themselves as would a business. FocusM speaks with several local social businesses, including Bring Your Own Bottle (BYOB) Green Concepts founder Wilson Lai, Ecocentric Transitions co-founders Firdaus Nisha Muhammad Faizal and Loo Lymun as well as Make A Difference (MAD) Experience founders Navin Muruga and Charu Agarwal, to find out what they do and how they do it.

Download and read more in the latest issue of Focus Malaysia here:
Snippets
Mydin: First Chain Retailer to install solar

Potential RM 3.24 million electricity bill savings for Mydin Mall Manjoi through collaboration with TNB.


Digital payment is becoming the preferred choice

Seventy Percent of Malaysians Prefer to Visit Shops that Accept Digital Payments: Visa Study.