Ernst & Young Entrepreneur of the Year Award 07
Went for the Singapore gala dinner for the Ernst & Young Entrepreneur of the Year Award dinner last night. Nice event. Very expensive. Heard each table cost $2.5k! At least the food and the service was good!
Anyway, there’s something funny about the awards and its selection. This is not meant to belittle the efforts of the winners. But I find that many of the winners were 2nd/3rd generation entrepreneurs. They just took over dad’s company. Or they were not even native Singaporeans.
Anyone with a discerning eye would have noticed this. Luckily, at least the ultimate Singapore winner was a true-blue Singaporean. Otherwise, we’ll just be sending “Foreign Talent” to another contest. Just like our sporting teams.
I think E&Y should consider having separate categories. Let the guys who are 2nd/3rd generation with family money fight in one category, the guys who are rags-to-riches and on their own fight in one and also split the categories by Citizenship.
At least this will be a fairer competition. Otherwise, don’t mind me saying this but the perception will be that the competition is one that rewards the established inner-circle which truly defeats the whole idea of an entrepreneur award.
Filed under Entrepreneurship, Singapore | Comments (2)2 Responses to “Ernst & Young Entrepreneur of the Year Award 07”
Leave a Reply
I thought entrepreneur means someone who started the business. How can 2nd and 3rd generation be considered an entrepreneur?
yeah it’s a little contorted isn’t it?
so there is the singapore award and they have awards in 50 countries then they all go to monaco to fight it out for the penultimate winner.
maybe because winners are judge on the revenues of their company (probably a high weightage) hence the Singapore E&Y prefers to send the more established guys over.