managing in turbulent times

Institute of Global Management


ARE THESE REALLY TURBULENT TIMES?ARE THESE REALLY TURBULENT TIMES? ARE THESE REALLY TURBULENT TIMES?ARE THESE REALLY TURBULENT TIMES?

GREECE, SPAIN, PORTUGAL,ITALY AND WHAT,S NEXT???


A Balancing ActA Balancing Act

• The crisis has mutated but not resolved!-HSBC Liquid August 2010 report

• Brave New World. Emerging markets expanded but inflation is fast building up-Citibank’s Citigold report


AH LONG @ WORKAH LONG @ WORKAH LONG @ WORKAH LONG @ WORK


Convergent Lifestyles!Convergent Lifestyles!• Keeping up or abreast of the Joneses'!


GLOBAL SUFFERINGS??GLOBAL SUFFERINGS??GLOBAL SUFFERINGS??GLOBAL SUFFERINGS??


Divergent LifeDivergent Life

• Do not conform any longer to the pattern of this world but be transformed by renewing of your mind, that you may prove what is good and acceptable and perfect will of God…Romans 12:2


HOW GOD USES SUFFERING?HOW GOD USES SUFFERING?

• 1 Peter 4:12-13 “ We should continue to rejoice not because of suffering but in suffering”

• Three positive outcomes from our lives i.e.

1) Perseverance: ability to handle pressures and not panic. Even Apostle Paul also experience sufferings.

2) Character: which is tested and proven reliable. James 1:4 For when your faith is tested, your endurance is fully developed, you will be strong in character and ready for anything.

3) Hope: without hope everything will be lost. Philippians 4: 13 “ I can do everything though him who gives me strength”


MINDSET FOODMINDSET FOOD

• Character cannot be developed in ease and quiet. Only through experience of trail and suffering can the soul be strengthened, vision cleared, ambition inspired and success achieved


IRONIC BUT TRUEIRONIC BUT TRUE

• 1 Peter 4:19 “ So if you are suffering according to God’s will keep on doing what is right and trust yourself to God who made you for he will never fail you!”

• Suffering is natural and God can use our suffering for our good and his perfect purpose.


ADOPT 6 PRONG STRATEGYADOPT 6 PRONG STRATEGYADOPT 6 PRONG STRATEGYADOPT 6 PRONG STRATEGY

• Leadership Traits in turbulent times

• Positive Focus Thinking

• Seizing Opportunity in a Downturn

• Mastering your Strategy to Breakthrough!

• Self Discipline for sustainable success

• Reliance on God for sustainable success


1.Leadership Traits1.Leadership Traits

• Ram Charan advised there are 6 traits for leadership during turbulent times i.e.

-Honesty

-Ability to inspire

-Real time connection with reality

-Realism tempered with optimism

-Managing with intensity

-Boldness for the future


MBWAMBWA


2.POSTIVE FOCUS THINKING2.POSTIVE FOCUS THINKING2.POSTIVE FOCUS THINKING2.POSTIVE FOCUS THINKING

• What is then Positive Focus Thinking?

• You seize what you have that is useful to harness talent management.

• Align aptitudes/attitude/abilities

to overcome adversity

• Develop new pathways/tactical maneuvers or unprecedented strategies


SLIVER LINING THINKING!SLIVER LINING THINKING!SLIVER LINING THINKING!SLIVER LINING THINKING!

• Don’t worry when economy turn South & Sour ?

• Remain Clam. Take Proactive actions

• Refocus on both Big Picture & Nifty Gritty to clean up your act.

• Change and adapt to survive

• Do not deny like………………..


PRAYERS WORK!PRAYERS WORK!

• Philemon 4:6: Do not be anxious about anything but everything in prayer and petition with thanksgiving, present your request to God.


POSTIVE MINDESTPOSTIVE MINDEST

• Coach of the Century Vince Lombardi once coached:

‘It is not whether you get knocked down; it is whether you get up that count!”


STP WEEKEND-DEVELOP A NEW VISIONSTP WEEKEND-DEVELOP A NEW VISION

Proverbs 29:18 says “Where there is no vision, the people perish”


3.SEIZE THE OPPORTUNITY3.SEIZE THE OPPORTUNITY3.SEIZE THE OPPORTUNITY3.SEIZE THE OPPORTUNITY

• Unlike Asian Financial Crisis… if you are export oriented you survive /prosper

• 60% foreign countries affected by Tsunami

• Borderless & Ruleless

• Breaks Bank and Gold Reserves

• Toyota –US $ 5 Billion Losses in 70 Years!


NOT PANACEA!NOT PANACEA!NOT PANACEA!NOT PANACEA!

• Excessive costs cutting-A&P, training, retrenchments, Cut R & D all have side effects over the long haul!

• Malaysia Multi Billion stimulus should help retail spending by now!


NOW TIME TO FLIP YOUR CSR?NOW TIME TO FLIP YOUR CSR?NOW TIME TO FLIP YOUR CSR?NOW TIME TO FLIP YOUR CSR?

• Radical new thinking initiatives like reduce the rent to help tide over & keep jobs

• Reduce energy costs-Top Gloves MD

• Reduce food /toll/ car costs

• Reduce bank/credit cards charges

• Reduce focus on politicking

• Malaysia-ranked 24th in Global Competitiveness means we have ability if we work collectively-2009


HAVARD BUSINESS REVIEW–Feb 2009HAVARD BUSINESS REVIEW–Feb 2009HAVARD BUSINESS REVIEW–Feb 2009HAVARD BUSINESS REVIEW–Feb 2009

• David Rhodes/Daniel Stelter from Boston C.G.

• Inactions is riskiest response

• Offers rare opportunities to

outmaneuver your competitors

who sleeping or denying

• Take corrective actions & turnaround steps to achieve meaning and progress-Passionworks!


How to seize opportunities?How to seize opportunities?How to seize opportunities?How to seize opportunities?

• Protect financial fundamentals by maximizing cash flow, minimize credit risks, reduce working capital, optimizing banking credits by rescheduling term loans

• Increase efficiency, rethink portfolios & pricing strategies

• Review investment/divest non core window dressing business that saps cash


LESSONS LEARNT!LESSONS LEARNT!LESSONS LEARNT!LESSONS LEARNT!

• Don’t slash A&P and training programs for human capital development as You have to invest more to recover market share, brand equity and talent management later when economy recovers

• Due diligence if exercising takeovers to avoid baggage

• Pursue opportunistic M&A that are transformative & strategically fit


FINAL TIPSFINAL TIPS

• Don not be fearful when golden opportunities arises as “God did not give us a spirit if timidity but a spirit of power , of love and of self discipline” 2 Timothy 1:7


4. MASTERING YOUR BREAKTHROUGH STRATEGY

DON’T JUST PLAY SAFE AND SLEEPY INVEST ON YOUR R & D


OEM/SME BUSINESSOEM/SME BUSINESSOEM/SME BUSINESSOEM/SME BUSINESS

•Break from the Pack-”Commodity Hell”•Dominate or leave-GE•Good leadership•Develop competitive edge-Add value•Time to the market-Innovation is key•Reengineering-rightsizing


FLIP YOUR THINKINGFLIP YOUR THINKING

• Brainstorm • Think out of the box• Paradigm shift• Continue to invest on your R&D whilst competitors are

sleeping or cutting corners• Uncover hidden untapped market-develop new business

models • Conduct training using new tools like Blue Ocean Strategy,

Think Big etc’ like YTL Group


REDUCE RED TAPESREDUCE RED TAPES

• Flatten the Organizational Structure/Bureaucracy

• Empower People and teams

• Don’t always say NO first to new ideas for business

• Succession Planning is key for future

• …..Easier to ask forgiveness than seek permission


INNOVATION?? INNOVATION??


Malaysia Boleh lah !Malaysia Boleh lah !


5) Self Discipline-unlock it for sustainable success5) Self Discipline-unlock it for sustainable success

• According to John C Maxwell in his The Maxwell Leadership Bible -2007 edition Quote: “We must be determined to lead our lives before expecting someone else to follow. Samson had it but lost it on his way and lustfully consumed whatever he wanted….food, drink, Philistines and women!”


6. RELIANCE ON GOD6. RELIANCE ON GOD

• After all is said & done we need the key to unlock

• Trust in God’s Grace-Pray and seek him always

• Act on Biblical principles always!

• Psalm 37:19 “ They will survive through hard times, even in famine they have more than enough”

• IGM 2009-PTL


JEHOVAH JIREHJEHOVAH JIREH

• The Lord Provides!

• The Lord wants you to succeed and delights in your prosperity

• When you are successful Bless others…a church, mission and mercy activities with your money, time

• Love your neighbors as thyself

• Whenever we have the opportunity, we should do good to everyone-especially to those in the family of faith….Galatians 6:10


THANK YOU,THANK YOU, GBUGBU

managing in turbulent times

Business

global competitiveness

talent management

positive focus thinking

turbulent times positive

god romans

postive focus thinking2

new vision proverbs

report brave new world