Ethan J. Ung
Why do we need a new way of doing business?
For humanity and for our planet, we must reimage the role of business in society to harness its transformative power for good. The potential of business to make a positive impact on the world is limitless, and the way we do business can be and should be about much more than delivering profits. As we confront a global climate crisis, rising income inequality, stagnant wages, lack of affordable housing, restrictive access to education and healthcare, rising healthcare costs, political, racial, and social unrest, and growing discontent with the status quo—in my opinion—the most consequential change agent available to us is business. While business alone cannot solve these problems, it must lead. Humanity and our planet depend on it.
How have you helped make the world a better place?
In terms of advancing the principles of conscious capitalism, my journey begins here with the CT Chapter. I have spent a significant portion of my career working with start-ups, entrepreneurs, innovators, scientists, and engineers who strive to make a difference, to improve human health, cure disease, or build life-saving devices. They all dream of creating a better world and profits always seem to be an afterthought. It is this spirit and yearning to make a difference that inspires and that moves us forward. I strive to be part of the solution.
What does Conscious capitalism mean to you?
To me, conscious capitalism seeks to revitalize the entrepreneurial spirit and the yearning to make the world a better place. It seeks to harness this energy to help businesses refine and achieve a higher purpose beyond profits, redefine their role in society and encourage businesses to be more inclusive, holistic, and mindful of their impact on society.