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SG Journal 2017 Speakers (Kenneth Tan (Democracy alone not good, need:…

- - - - Better return to risk profile
      - E.g. infrastructure by real estate, fixed income, equity
    - - CODE
        
        Collab
        
        Cultural - Extreme diff. in running fund where ppl talking to each other
        
        Private (Detail, In-depth) + Public (great sense of sector, macro factors)
        
        Owner's mindset
        
        Innovativeness/creativity
        
        People not taking risk
        
        Data
        
        Pay attention to what we alr have on hand
        
        Efficiency
        
        Look after mid-office, corporate functions
  - - - Boons
        
        Lim Hng Kiang
      - Banes
        
        More uni spaces open up?
        
        Keep strictly to meritocracy, risk bringing socioeconomic divisions to permanent state
        
        Rafflesian elite owes society greatest debt
        
        Innate talents give us right to nothing but greater service to society
        
        Opp to serve is earned
        
        Birth to privilege is benefit to be repaid, everyone rich/poor is sustained by same society, community, humanity
        
        How could I believe my intellect and talent qualified me to receive more than another?
        
        Reduce the essence of man to his mere intellect
        
        Wisdom? Compassion? Love? Valour? Cannot be tested/measured in classroom but separate smart from wise
    - - Most advantageous position - no enemies made, freedom in way we develop r/s
      - Focus on investment in training
        
        CSC, LKY school
      - Developing countries come along, say got infra, like to invest?
  - - - Create conditions where ppl motivated
        
        Scrutinise budget
        
        Problem: Waste of time, everyone wants money, exec comm wants to give out less
        
        Solution
        
        Introduce a new rule - % of last 3 years of output, give average, must ensure productivity within
        
        Cut down by 6%, put it into reinvestment pool
        
        If you like to start something good for whole union, you make a bid for money in this fund
        
        Results
        
        No more time wasted haggling
        
        Suddenly everyone starts bidding for $
        
        We get to decide what's really impt/good for union
        
        People connect to bigger purpose, bigger motivation that they building up union
        
        I'm no longer in business of cutting people's request for money
        
        Cultural distaste of becoming soldier
        
        Full-time soldiers looked down by rest who can't find job
        
        First time across gov ran a promotional video series
        
        Fellows defend the country
        
        Are you good enough for us to want you?
        
        "Moving future of nation"
      - Real issue - unlock energy & imagination
        
        Once you get people motivated, clear about what they're trying to accomplish, they come up with all kinds of ideas
- - - - Releases SG women to higher value
  - - - PM earns 4-5x American, 8X UK Salary
      - Public sector transformed into receptacle for ppl who know market value
        
        Thought in terms of $ terms
  - - - Diff in opinion / = destroying space
        
        Driven by fears, joys, aspirations, concerns
  - - - Most respond not directly but through emotions, necessary
      - Don't make false distinction, cannot simply focus on facts
        
        How can we tell it more clearly? Infographics = reduce complexity
        
        How do people relate to it?
        
        What lives do they lead that make them act this way?
      - Media affects behaviour
        
        Decide elections in US
        
        Elite v.s. mentality of populous
        
        Rationality v.s. emotionality