NTUC Enterprise does not have a traditional commercial charter and so, it doesn’t have to profit at all costs to please shareholders.

NTUC Enterprise does not have a traditional commercial charter and so, it doesn’t have to profit at all costs to please shareholders.

It also does not have the restrictions and limitations of a charity in terms of expanding its business capacity and capability.

As a well-integrated enterprise in the supermarket, and food and beverage industries, it has the size, scope, scale and strength to move up the learning curve, develop more and better quality leaders, automate operations, improve productivity, and achieve better results.

I trust that NTUC Enterprise will continue to fill in gaps in meeting social needs and especially for the poor, needy and disadvantaged.

Help enhance our food culture, and enable hawkers to improve cost effectiveness by, for example, buying in bulk and directly from better sources of supplies.

In doing so, they can help contain rising costs of living, and improve our lifestyles.

With this initiative by NTUC Enterprise, it’s also a warning sign for small enterprises to improve their business models and strengthen their competitive edge.

Otherwise, they may not only run the risk of being overtaken by large enterprises, they may also have to compete with multinational giants such as Walmart, Carrefour, and Tesco.

https://www.straitstimes.com/singapore/ntuc-enterprise-gets-nod-for-acquisition-of-kopitiam

Go4It!

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

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Life is FUNtastic!