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ARE THESE REALLY TURBULENT TIMES?ARE THESE REALLY TURBULENT TIMES?
GREECE, SPAIN, PORTUGAL,ITALY AND WHAT,S NEXT???
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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
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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
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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”
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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
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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.
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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
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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
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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
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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………………..
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PRAYERS WORK!
• Philemon 4:6: Do not be anxious about anything
but everything in prayer and petition with
thanksgiving, present your request to God.
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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!”
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STP WEEKEND-DEVELOP A NEW VISION
Proverbs 29:18 says “Where there is no vision, the people perish”
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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!
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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!
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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
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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!
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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
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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
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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
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4. MASTERING YOUR
BREAKTHROUGH STRATEGY
DON’T JUST PLAY SAFE AND SLEEPY
INVEST ON YOUR R & D
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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
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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
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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
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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!”
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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
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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
