NKF - a logical business model

• edenboy

  21 Dec 05, 09:15

  With all the NKF fiasco going on, let us sit down and analyse the situation.
  But first, the comments made are purely mine.
  
  Did TT do wrong?
  No, what he did was right, only from a business point of view.
  What he did was to increase turnover (donations). Like any business, increasing turnover increases costs. During his reign, he was able to generate surpluses of 200 over million and at the same time cut costs (the costs of medicine.) maybe he should work in the public sector.
  
  Can we draw a parallel to certain ministries which have turned in surpluses and surpluses? (Transport and Housing) His performance was great by all business standards. His staff was getting paid according to performances, like any business.
  
  The only difference betweent the two is that for NKF, we have a choice, for the other, well, for you to conclude.
  
  However......................
  NKF is not a business. A charitable organisation cannot be runned like a business.
• shade343

  21 Dec 05, 09:48

  So who were the shareholders of NKF?
• Gun

  21 Dec 05, 10:00

  Originally posted by edenboy:

  However......................
  NKF is not a business. A charitable organisation cannot be runned like a business.

  
  hmm...to borrow your analogy, if a country is not a business enterprise, why izzit this national sometimes coined as "Singapore Inc" ?
  
  An unaccountable management and corrupted CEO of a "Singapore Inc" is certainly worst than terror attacks nor a decisive SAF can handle.
  
  
• greengoblin

  21 Dec 05, 11:09

  Due to over whelming interest in NKF, all threads will be consolidated into one main thread {the one opened by Heartlander} which will be made sticky for the convenience of all. All those who wish to post petitions, please be directed to draggÂ’s thread.
  
  New threads on NKF will be DELETED without question.
  
  Please help keep Speaker's Corner a tidy corner for all