What are some ways that business can evolve from standard practice and align themselves with future, viable systems of management?
Bizcom Indonesia actively spreads awareness on business and technology areas. The main goal of Bizcom Indonesia is to move forward on investment, especially on agriculture field. Bizcom Indonesia also holds monthly gathering to build network and connect key players in business from middle-class.
Bizcom Indonesia also builds an ecosystem for businessmen and businesswomen named Business Community. At a recent event on the sustainability of business, speakers discussed the evolution of business practices and the need to focus on more viable systems of management.
Among the speakers at the event were Alistair Speirs, Director of MVB, Stig Traavik, Lead Indonesia Advisor of Antler.co and Budiman Sudjatmiko, Member of Commission 2 of the House of Representatives (DPR).
Alistair Speirs talked about the evolution of good business practices. Noting the origins of the “age of enlightenment” - which shed light on the ways of scientific thinking and helping the world better understand scientific processes. This gave way to 19th century Romanticism and the Industrial Revolution. While these developments were lauded, it wan’t entirely positive.
Appalling work conditions, exploitation of women and children, no employment security and a general destruction of natural resources. Over the years this was corrected by unions who would strike against the status quo and alter work conditions which ultimately led business owners to realise that a trained, motivated workforce would ultimately create more profitability. This also led government to introduce laws to safeguard work place practices and create a safer, more secure environment.
Consumers, for their part, have started to choose those they admire and those who do the right thing. Enlightened companies do it because they know it’s the right thing to do.
In today’s world, businesses have developed new tools, including public relations, marketing and consumer research.
But with consumerism taking over the world, it is imperative to ensure it doesn’t harm the world we live in. We have issues of pollution, waste products destroying our beaches and landscape, and using old technology despite newer versions being available.
Speirs referenced the definition of CSR-ISO 20666 as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that contributes to sustainable development, including health and the welfare of societytakes into account the expectations of stakeholders; is in compliance with applicable law and consistent with international norms of behaviour; and is integrated throughout the organization and practiced in its relationships.”
We need to ask ourselves if companies should boast about their principles, their core values and practices, and if philanthropy be visible. UItimately the goal is to usher in a new age of enlightenment where trust between the people, the community, the employee and the company is real—and built on fact. He then introduced the Most Valuable Business Program (MVB) which focuses on company’s core values, seeking honesty, ethics and transparency. It is focused on education, collaboration and publicity for and among its members
Stig Traavik touched up solving poverty and environmental issues. These concerns have become core on the same level as profits, legal compliance, growth strategies- for any serious international level company. He illustrated this with a history of the Vikings in Greenland, and touched on the current debate about palm oil, noting that is good if it is responsibly produced.
There should be no discrimination against palm oil - should be same rules for all edible oils - including for biodiesel. He, too, spoke of the use of older technology like the combustion engine which is an obsolete technology that will be one of the first victims of the fourth industrial revolution.(where cyber-physical systems will communicate using the Internet of things). He then discussed Antler’s work and how it all fits in.
It’s a group of Venture Capitalists and Founders enablers- not impact investors. It works on the fourth industrial revolution “ Because it is right Because it is good Because we want to give our start up Founders and investors great returns and create thousands of jobs.” he noted in his presentation.