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LEADERSHIP FROM THE LEGACY OF LEE KUAN YEW
LIM SIONG GUAN Group President, GIC Private Limited ITE's REAL Leadership Learning Series 29 May 2015
“The people who are crazy enough to think they can change the world are the ones who do.”
Apple’s “Think Different” Commercial, 1997
THE LEGACY OF LEE KUAN YEW
• The substance is the evidence
• The spirit is the legacy
• 1959 > 1963 > 1965 > 1990 > 2004 > 2011 > 2015
SINGAPORE
A testimony to human enterprise and imagination
LESSONS FROM LEE KUAN YEW Stand Up for Singapore
Integrity and Trustworthiness – The Singapore Brand
Nobody Owes Us A Living or Our Existence
The Public Sector for Successful Government
The Private Sector for Successful Economy
The People Sector for Successful Community
Talent Drives Success
Be Realistic – Take the World as We Find it
Do Not Presume the Future – Take Nothing for Granted
Leadership is Key
PRINCIPLES OF GOVERNANCE
• Leadership is Key
• Anticipate the Future; Stay Relevant
• Reward for Work; Work for Reward
• A Stake for Everyone; Opportunities for All
TRUST
is the Most Important Currency for Long-Term Relationships
Parents and Family Friends and Relatives
Bosses, Colleagues and Subordinates Business Partners and Customers
Government and Community
HONOUR
IS THE
FOUNDATION OF
TRUST
WIN IN
BUSINESS
WIN AT
LEADERSHIP WIN AT
WORK
WIN IN
LIFE
WIN AT
HOME
“The only definition of a Leader is someone who has (willing) followers.”
- Peter Drucker, Foreword to "The Leader of the Future"
PERSONAL LEADERSHIP
PROCESSES PRINCIPLES
PURPOSE
PEOPLE
Making the Future
“Harness the Creativity of Our People”
“Be The Best We Can Be”
“Be In Time for The Future”
VISION ENGAGEMENT
INNOVATION
GEESE Leadership
• Individual Best • Team Achievement
• Customer First • Quality Delivery
• Creative Innovation
• Continuous Improvement
Effective Execution
Culture & Values
What and How we THINK and Why
What and How we DO and Why
People want bosses who:
Guide Empathise Energise Synergise Embolden
G.E.E.S.E. LEADERSHIP
× ×
× × ?
Life Attitude
Wealth Level
Rich
Poor
Poor Rich
WEALTH ATTITUDE GRID
FUTURE LEADERSHIP
Every day the gazelle wakes up knowing that if it can’t outrun the fastest lion, it’s going to be somebody’s breakfast. Every day the lion wakes up knowing that if it can’t outrun the slowest gazelle it will go hungry.
Old African Proverb
“
“ It doesn’t matter whether you’re a lion or a gazelle – when the sun comes up, you’d better be running.
Richard Hodgetts
“
“
Failure to Learn from the Past
THREE FATAL FAILURES
Failure to Adapt to the Present
Failure to Anticipate the Future
Failure to Change in Good Time
Failure to Change in Good Times
FAILURE IN SUCCESS?
WHAT THE FUTURE HOLDS • The Potential of Nations
• Competition is Between Nations
• Emerging Challenges
• The VUCA World
• Little Red Dot – Private vs. Public Space
• No. 1 vs. No. 2
• Compass not Map
• The Millennials
21
CHANGE LEADERSHIP
It must be considered that there is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle, than to initiate a new order of things. Lim s
For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders in all those who would profit by the new order.
Niccolò Machiavelli
“ “
PLAN
ADJUST CHECK
DO
CHANGE MANAGEMENT
24
CHANGE LEADERSHIP
BARRIERS TO CHANGE
Sure fail one lah
不可能的事
Mustahil
不实际
Too busy
BARRIERS TO CHANGE
PEOPLE BARRIERS
• KNOWLEDGE
• BELIEFS
• CONFIDENCE
• POWER
RESOURCE BARRIERS
Leaders must seek all the time to make sure that their organizations are “in time for the future” by • Believing that performing well today is not good enough
• Ensuring that the team is equipped with the following to continue succeeding into the future:
Strategic Perspective Ambition Imagination Market Awareness Equipment and Technology Human Skills and Capabilities
WINNING IN A GLOBALIZED WORLD
PROCESSES PRINCIPLES
PURPOSE
PEOPLE
Making the Future
“Harness the Creativity of Our People”
“Be The Best We Can Be”
“Be In Time for The Future”
VISION ENGAGEMENT
INNOVATION
GEESE Leadership
• Individual Best • Team Achievement
• Customer First • Quality Delivery
• Creative Innovation
• Continuous Improvement
Effective Execution
Culture & Values
The only way to avoid making mistakes is not to do anything. And that, in the final analysis, will be the ultimate mistake.
Dr Goh Keng Swee Former First Deputy Prime Minister of Singapore
“ “
Leadership is making (good) things happen,
which on their own would not happen.
The people who are crazy enough to think they can change the world are the ones who do.
Apple’s “Think Different” Commercial, 1997
“ “
Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful . . . That’s what matters to me.
“ “
Steve Jobs on Wealth
No matter how successful you are in your career, you must always remember that
we are here to live.
If you keep yourself busy working, you will surely regret it.
“
“
Jack Ma, Founder, Alibaba Group
I always tell myself that we are born here not to work, but to enjoy life.
We are here to
make things better for one another, and not to work.
“
“
Jack Ma, Founder, Alibaba Group
WHAT THE FUTURE HOLDS • The Potential of Nations
• Competition is Between Nations
• Emerging Challenges
• The VUCA World
• Little Red Dot – Private vs. Public Space
• No. 1 vs. No. 2
• Compass not Map
• The Millennials
LEADERSHIP FROM THE LEGACY OF LEE KUAN YEW
LIM SIONG GUAN Group President, GIC Private Limited ITE's REAL Leadership Learning Series 29 May 2015