Managing in turbulent times

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MANAGING IN TURBULENT TIMES-WITH BIBICAL PRESPECTIVE BY OLIVER HO

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Managing in turbulent times

  1. 1. Institute of Global Management
  2. 2. Institute of Global Management
  3. 3. Institute of Global Management ARE THESE REALLY TURBULENT TIMES?ARE THESE REALLY TURBULENT TIMES? GREECE, SPAIN, PORTUGAL,ITALY AND WHAT,S NEXT???
  4. 4. Institute of Global Management A 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
  5. 5. Institute of Global Management AH LONG @ WORKAH LONG @ WORK
  6. 6. Institute of Global Management Convergent Lifestyles! • Keeping up or abreast of the Joneses'!
  7. 7. Institute of Global Management GLOBAL SUFFERINGS??GLOBAL SUFFERINGS??
  8. 8. Institute of Global Management Divergent 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
  9. 9. Institute of Global Management 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”
  10. 10. Institute of Global Management MINDSET 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
  11. 11. Institute of Global Management IRONIC 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.
  12. 12. Institute of Global Management ADOPT 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
  13. 13. Institute of Global Management 1.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
  14. 14. Institute of Global Management MBWA
  15. 15. Institute of Global Management 2.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
  16. 16. Institute of Global Management 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………………..
  17. 17. Institute of Global Management PRAYERS WORK! • Philemon 4:6: Do not be anxious about anything but everything in prayer and petition with thanksgiving, present your request to God.
  18. 18. Institute of Global Management POSTIVE 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!”
  19. 19. Institute of Global Management STP WEEKEND-DEVELOP A NEW VISION Proverbs 29:18 says “Where there is no vision, the people perish”
  20. 20. Institute of Global Management 3.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!
  21. 21. Institute of Global Management 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!
  22. 22. Institute of Global Management 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
  23. 23. Institute of Global Management HAVARD 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!
  24. 24. Institute of Global Management 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
  25. 25. Institute of Global Management 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
  26. 26. Institute of Global Management FINAL 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
  27. 27. Institute of Global Management 4. MASTERING YOUR BREAKTHROUGH STRATEGY DON’T JUST PLAY SAFE AND SLEEPY INVEST ON YOUR R & D
  28. 28. Institute of Global Management OEM/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
  29. 29. Institute of Global Management FLIP 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
  30. 30. Institute of Global Management REDUCE 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
  31. 31. Institute of Global Management INNOVATION??
  32. 32. Institute of Global Management Malaysia Boleh lah !
  33. 33. Institute of Global Management 5) 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!”
  34. 34. Institute of Global Management 6. 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
  35. 35. Institute of Global Management JEHOVAH 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
  36. 36. Institute of Global Management THANK YOU,THANK YOU, GBUGBU

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