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Strategic Agility in Turbulent Markets:
The Tingyi Story
Tarik Mohammad Salman
The 21st Century Business: its different
 All but the most closely held information easily
available to anyone, anytime.
 Capabilities change overnight through alliances.
 Talent is uniformly located roundly.
 No stopping of rate of market and technology
change.
 Paradigm shifting inflection points.
WHILE WE WERE SLEEPING, THE WORLD BECAME ‘FLAT’ – THOMAS FREDMAN,
a renowned economist describing the rapid global transformation and
convergence of new forces of change.
Strategic Agility: the new competitive metric
 The ability to sense and take advantage of
opportunities by planning and executing far reaching
business changes swiftly and effectively without losing
momentum and alignment.
 STRATEGIC AGILITY is NOT just the ability to be quick,
but also to take strategic turns TIMELY and strategic re-
direction at HIGH SPEED…..IN TIME!!!!!
Most companies die not because they do the wrong things, but they keep
doing what used to be the right things for too long…
Why Strategic Agility??????
Conventional
Management
Systems
Slower cadence
than relevant
market and
technology
changes.
Often consumers
are taken for
granted.
Changing
directions is too
hard due to
“Systems” build
behavioral inertia.
Wasting of
enormous energy
by generating and
assessing too
much information.
“When the rate of change inside an organization is less than the rate of
change outside, the end is near” – Jack Welch, Former Chairman & CEO,
General Electric.
Tingyi Holding Corp. : strategic agility harbinger
 Name: Tingyi Holding Corp.
 Founded: 1991
 Parent: Ting Hsin International Group.
 Headquarters: Binhai, Tianjin, China.
 Industry: Food Processing.
 Products: Instant Noodles, Ready-to-drink
beverages and Foods.
 Most Popular Brand: Master Kong (Instant
Noodle)
 Market Cap: $12.2 Billion (As of May 2015)
 Ranking: 77 (World’s Most Innovative
Companies, Forbes)
Starbucks and Tingyi Holding Corp. signed a
$6 Billion Contract on March 18, 2015 to
manufacture and expand Starbucks RTD
products (coffee and energy drink) in
mainland China.
Master Kong Instant Noodles
Master Kong Ice Tea Drink
The Tingyi Story: a success that is earned, not given
To capture the booming Chinese food
market they moved from Taiwan to China
and begun experimenting with innovative
strategies.
They prioritized the preferences of the
paying public and started adapting their
strategies based on them.
As the Chinese market was there to be taken, they
tried with premium cooking oil, egg rolls and
biscuits. Though they failed, the important thing
was they were honest and moved on each time.
They stumbled upon the plan of an instant noodle that is
more than average in quality but still affordably priced and
thereby exploited the market gap between low end and
premium imported noodles.
When the finally found the door of success,
they exploited that by investing a hefty sum
just on advertising and formulated flavors
appealing to eccentric consumers.
They did not sit pretty on their success. Though
their instant noodle was a sensation, they
expanded their range by trying out in baking
products and RTD drinks.
The Tingyi Lesson: be agile not fragile
BE A PART OF THE
MIX:
be brave enough
to try out the
volatile market
rather than
waiting on the
sidelines for
eternity deriving
picture perfect
strategies.
CONSUMER IS
GOD:
prioritize the
preferences of the
consumers rather
than forcing one’s
plan and being
aloof from them
and gather the
facts from the
ground not from
the periphery.
BE FLEXIBLE:
rather than being
egoistic one needs
to improvise when
the panache
strategy backfires
and move on.
CATCH THE
MOMENT:
when one
discovers a market
gap, go all out and
exploit the
opportunity to
have no regrets of
not trying later on.
DON’T BE STATIC:
cure the curse of
success, when one
plan is doing
wonders and
racking in the
moolah, don’t be
rigid, be agile and
keep exploring and
finding out new
scopes because
every cycle has an
end.
Thank You
for your attention….............

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Strategic Agility in Turbulent Markets: The Tingyi Story

  • 1. Strategic Agility in Turbulent Markets: The Tingyi Story Tarik Mohammad Salman
  • 2. The 21st Century Business: its different  All but the most closely held information easily available to anyone, anytime.  Capabilities change overnight through alliances.  Talent is uniformly located roundly.  No stopping of rate of market and technology change.  Paradigm shifting inflection points. WHILE WE WERE SLEEPING, THE WORLD BECAME ‘FLAT’ – THOMAS FREDMAN, a renowned economist describing the rapid global transformation and convergence of new forces of change.
  • 3. Strategic Agility: the new competitive metric  The ability to sense and take advantage of opportunities by planning and executing far reaching business changes swiftly and effectively without losing momentum and alignment.  STRATEGIC AGILITY is NOT just the ability to be quick, but also to take strategic turns TIMELY and strategic re- direction at HIGH SPEED…..IN TIME!!!!! Most companies die not because they do the wrong things, but they keep doing what used to be the right things for too long…
  • 4. Why Strategic Agility?????? Conventional Management Systems Slower cadence than relevant market and technology changes. Often consumers are taken for granted. Changing directions is too hard due to “Systems” build behavioral inertia. Wasting of enormous energy by generating and assessing too much information. “When the rate of change inside an organization is less than the rate of change outside, the end is near” – Jack Welch, Former Chairman & CEO, General Electric.
  • 5. Tingyi Holding Corp. : strategic agility harbinger  Name: Tingyi Holding Corp.  Founded: 1991  Parent: Ting Hsin International Group.  Headquarters: Binhai, Tianjin, China.  Industry: Food Processing.  Products: Instant Noodles, Ready-to-drink beverages and Foods.  Most Popular Brand: Master Kong (Instant Noodle)  Market Cap: $12.2 Billion (As of May 2015)  Ranking: 77 (World’s Most Innovative Companies, Forbes) Starbucks and Tingyi Holding Corp. signed a $6 Billion Contract on March 18, 2015 to manufacture and expand Starbucks RTD products (coffee and energy drink) in mainland China. Master Kong Instant Noodles Master Kong Ice Tea Drink
  • 6. The Tingyi Story: a success that is earned, not given To capture the booming Chinese food market they moved from Taiwan to China and begun experimenting with innovative strategies. They prioritized the preferences of the paying public and started adapting their strategies based on them. As the Chinese market was there to be taken, they tried with premium cooking oil, egg rolls and biscuits. Though they failed, the important thing was they were honest and moved on each time. They stumbled upon the plan of an instant noodle that is more than average in quality but still affordably priced and thereby exploited the market gap between low end and premium imported noodles. When the finally found the door of success, they exploited that by investing a hefty sum just on advertising and formulated flavors appealing to eccentric consumers. They did not sit pretty on their success. Though their instant noodle was a sensation, they expanded their range by trying out in baking products and RTD drinks.
  • 7. The Tingyi Lesson: be agile not fragile BE A PART OF THE MIX: be brave enough to try out the volatile market rather than waiting on the sidelines for eternity deriving picture perfect strategies. CONSUMER IS GOD: prioritize the preferences of the consumers rather than forcing one’s plan and being aloof from them and gather the facts from the ground not from the periphery. BE FLEXIBLE: rather than being egoistic one needs to improvise when the panache strategy backfires and move on. CATCH THE MOMENT: when one discovers a market gap, go all out and exploit the opportunity to have no regrets of not trying later on. DON’T BE STATIC: cure the curse of success, when one plan is doing wonders and racking in the moolah, don’t be rigid, be agile and keep exploring and finding out new scopes because every cycle has an end.
  • 8. Thank You for your attention….............