From Values to Value: How Far East Organization Integrates Christian Principles in Business

Viewed by 2,778 Smart Towkays

Nov 07, 2023

From Values to Value: How Far East Organization Integrates Christian Principles in Business

Disclaimer: Please note that the opinions expressed in this article are those of the writer and do not necessarily reflect the views of our website.

Introduction

Singapore is home to some of the wealthiest individuals in the world, with the latest list of Singapore's 50 richest showing a total net worth of over $180 billion. Among these wealthy individuals is Far East Organization, a company that stands out not just for its success in the business world, but also for its commitment to integrating Christian principles in its operations.

Have you ever heard of Far East Organization? If you haven't, you might be surprised to learn that it is one of the largest real estate companies in Singapore. In fact, it's even made it onto the list of Singapore's 50 richest people. But what sets this company apart is its commitment to integrating Christian principles into its business operations.

Founded in 1934 by the late Mr. Ng Teng Fong, Far East Organization is a Christian enterprise that seeks to be a community of love and a workplace of grace. The company's missions and statement reflect its commitment to doing good business and doing good in business, while its core values of Business with Grace, Unity, Integrity, Love, and Diligence are deeply rooted in its Christian identity.

Far East Organization, Singapore's largest private landlord and property developer, is currently at its operations by two brothers, Robert and Philip Ng.

Far East Organization's Missions and Statement

So, what exactly is Far East Organization's mission? Well, the company seeks to build a community of love and a workplace of grace, where Christians and non-Christians can work together joyfully. This means that the company places a high value on creating a positive work environment that promotes employee satisfaction and retention. But that's not all. Far East Organization also strives to do good business and to do good in business. In other words, the company wants to be profitable, but it also wants to make a positive impact on society.

Far East Organization's Core Values

One of the key ways that Far East Organization integrates Christian principles into its business operations is through its core values. These values include Business with Grace, Unity, Integrity, Love, and Diligence. But what do these values really mean, and how does the company put them into practice?

Let's start with Business with Grace. This value emphasizes the importance of treating others with kindness and respect. For Far East Organization, this means creating a positive work environment where employees feel valued and supported. But it also means extending this grace to customers, suppliers, and other stakeholders. By operating with grace, the company can build strong relationships and create a sense of trust and loyalty.

Working together towards a common goal is the name of the game at Far East Organization. Unity is also the key value that brings them all together, creating a powerhouse of teamwork. It's simply because with unity as their guiding force, they're a force to be reckoned with!

Integrity is another important value for Far East Organization. This value emphasizes the importance of honesty, transparency, and accountability. By operating with integrity, the company can build a reputation for trustworthiness and reliability. This is essential in the real estate industry, where customers need to feel confident that they are making a sound investment.

Far East Organization values Love, which involves treating others with compassion and empathy. By emphasizing love, the company can create a caring and supportive work environment. This can lead to improved employee satisfaction and retention.

Finally, Diligence is a value that emphasizes the importance of hard work and perseverance. By operating with diligence, Far East Organization can deliver high-quality products and services that meet the needs of its customers. This value is particularly important in the real estate industry, where attention to detail and a commitment to excellence are essential.

The company's core values of Business with Grace, Unity, Integrity, Love, and Diligence are integral to its Christian identity. These values shape the way the company operates, and they are reflected in the way the company interacts with its employees, customers, and stakeholders.

Far East Organization's commitment to these values has helped it to build a reputation as a company that not only delivers results, but also cares about the well-being of those it serves.

Integrating Christian Principles in Business

So, how does Far East Organization integrate Christian principles into its business operations? Well, one key way is by applying the eternal truths of God's Word to its business practices. This means that the company operates on a solid foundation of values and principles that are rooted in Christian teachings.

For example, the company places a high value on honesty and integrity, which are essential principles in the Christian faith. By operating with honesty and transparency, Far East Organization can build a reputation for trustworthiness and reliability. This, in turn, can help to attract customers and create a sense of loyalty.

Another way that Far East Organization integrates Christian principles into its business operations is by placing a high value on service. The company recognizes that it has a responsibility to serve its customers, employees, and the wider community. By operating with a sense of service, Far East Organization can create a positive impact on those it interacts with and help to build a better society.

To further emphasize its commitment to service, Far East Organization has established a Corporate Social Responsibility (CSR) framework that is guided by its core values. Through its CSR initiatives, the company strives to make a difference in areas such as education, healthcare, and environmental sustainability.

One of Far East Organization's key CSR initiatives is the Ng Teng Fong Healthcare Innovation Program. This program aims to support innovative healthcare solutions that benefit the community. Through this initiative, the company has funded various projects, including a program that helps elderly patients with chronic diseases to manage their health, and a mobile health app that provides health information to users.

In addition to its CSR initiatives, Far East Organization also integrates Christian principles into its day-to-day operations. For example, the company places a strong emphasis on ethics and integrity, which are core values of Christianity. By upholding these values, Far East Organization is able to build trust with its stakeholders and maintain a positive reputation in the marketplace.

Overall, Far East Organization's commitment to integrating Christian principles into its business operations is a key factor in its success. By operating with a sense of service, and upholding core values such as grace, integrity, and love, the company is able to create a positive impact on its stakeholders and contribute to building a better society.

Key Principles of A Christian Enterprise: Practices For Your SME
Love	Prioritize love for God and love for others as the foundation of their business operations.
Service	Aim to serve God and the community through their business operations, with a focus on creating a positive impact.
Integrity	Operate with integrity, honesty, and transparency in all their interactions with stakeholders.
Stewardship	View their resources and assets as gifts from God, and they aim to manage them wisely and responsibly.
Faith	Integrate their faith into their business operations, creating a work culture that fosters spiritual development and well-being.
Social Responsibility	Prioritize social responsibility and aim to make a positive impact on society through their business operations.

Some of the well-known Christian enterprise companies are namely:

Chick-fil-A: A fast-food chain that operates based on Christian values, including a commitment to service and ethical business practices.

Thrivent Financial: A financial services company that integrates Christian faith into its operations, with a focus on serving its customers and the wider community.

Ben & Jerry's: An ice cream company that prioritizes social responsibility and sustainability, with a focus on creating a positive impact on society.

World Vision: A non-profit organization that operates based on Christian principles, with a focus on serving the poor and marginalized.

Overall, Christian enterprise companies prioritize values and principles that align with Christian faith, with a focus on serving God and making a positive impact on society.

Conclusion

In conclusion, Far East Organization serves as a model for other companies looking to integrate Christian principles into their business operations. By operating with grace, unity, integrity, love, and diligence, the company has built a successful and sustainable business that has benefited its employees, customers, and stakeholders. Far East Organization's commitment to its core values has helped it to build a reputation as a company that not only delivers results, but also cares about the well-being of those it serves. As more companies look to integrate Christian principles into their business operations, they can look to Far East Organization as an example of how to do so successfully.