In keeping with this quarterly’s theme of millennials, we set out to share the perspective of an organization that delves deep into issues of youth engagement here in Singapore – The Thought Collective. Starting out as an initiative to tackle youth apathy through education, The Thought Collective has evolved into an umbrella of social businesses whose mission is to collectively transform and strengthen social and emotional capital in Singapore.
In the little island archipelago of Philippines in Southeast Asia—millennials are driving a dynamic economic transformation. Over 50% of the working-age population belong to the millennial generation, most of which is being absorbed by micro, small and medium enterprises (MSMEs), accounting for more than 99% of enterprises in the Philippines.
In 2015, the millennial generation officially overtook the baby boomers as the largest generation in the US labor force and they are increasingly shaping the way people do business. A Deloitte survey about millennials in 2016 has shown that millennials have a positive view of business’ impact on society. However, they want businesses to focus more on people, products and purpose, and less on profits.