Details on page 6

A NEWSLETTER OF SIM PROFESSIONAL DEVELOPMENT

DECEMBER 2018MCI (P) 060/04/2018

pd.sim.edu.sg

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HIGHLIGHTS

Singapore Management Festival 2018

PROF STÉPHANE GARELLIStaying in the Game | How to survive disruption and change

““

Emulating past successes is akin to applying old technologies

and strategies in a new competitive world. This is a

straight-through route to failure, caused by a salient mismatch of

solutions to problems.

Interested in events like this? Check out our Business Insights section for upcoming programmes or visit pd.sim.edu.sg/bi/calendar for more information.Copyright © 2018 Singapore Institute of ManagementTo republish any part of this article, please contact SIM for permission via e-mail at membership@sim.edu.sg

Because they don’t think so much. They just do it, and see what happens. If it doesn’t work out, they try again.

Decision-making is tough because uncertainty is inevitable. The more you think and want to avoid it, the more you are going to be scared and not do it. Don’t fall into the trap of studying a good idea until it becomes bad! Maybe things that need to be decided should not be discussed. Forget about

being 100% sure to start doing things!Today’s business world is evolving faster than ever before. The new cool kid on the block is ‘disruption’. It

takes the world by storm primarily brought about by technological advancements, creating new rules, or simply becoming the new name of the game. And those who can’t adapt fast enough, will end up trying to catch up or possibly it’s ‘Game Over’ for them.

According to the Founder of the Institute of Management Development World Competitiveness Centre, Emeritus Professor Stéphane Garelli, having the mindset of competitiveness is essential to ensure that you stay in the game.

The mindset one has is fundamental and is what sets competent people apart from being competitive. Competent people exist in every company, but to unlock the element of competitiveness, their mindsets and value systems have to be right and properly managed, if not they will end up nowhere.

Professor Garelli shed light, with the business executives and leaders present at the Singapore Management Festival (SMF), on inspirational real-life stories to illustrate how this mindset can enable leaders today to stay in the game and build a successful business.

1. ‘The One Who Insists on Perfect Clearness Before He Decides NEVER Decides’Uncertainties are simply part of the game.If you are going to wait for 100% certainty,you will never make the move. Most peopledon’t dare to take that step forward,and end up not doing anything. This is thereason why entrepreneurs are so good.

rational, there may be a chance that someone else has already done it. How are you different? Logic takes you from Point A to Point B. But imagination will take you anywhere. Think about the big success stories of IKEA. Founded in the 1940s, they came up with a revolutionary idea to get customers to buy wooden planks in their warehouses, so that they could go home and fix their furniture themselves. This was a crazy business model but they made it.

Similarly, when McDonald’s first started in the 1940s, they got their customers to queue in front of their kitchens with little trays to get their food and asking them to eat with their fingers! It was absurd and disruptive at that time but it worked! Though imagination comes with risk, risk is actually good for you! Because in life, you cannot avoid risk, you can only manage it. The least amount of risk you can take is to take risk. So never say no to a good idea.

4. “If You Want to Lead People, You Have to Enter Their World.”Lastly, the distance between leaders andtheir followers also plays an importantrole when it comes to staying competitive.Without understanding the people thathave chosen to put their faith in you tobe led by you, you cannot fully utilise andnurture these followers. Just being goodat what you do is not enough. You have tointeract with the world around you.

Power distance is the acceptance of unequal distribution of power. In a workplace environment that believes in having high power distance, the hierarchy structure may sometimes become unhealthy and oppressive. A leader who is willing to increase the proximity between them and their followers can better understand the individuals around them who may believe in the same vision they have. This way, leaders can better help to promote the growth of their followers.

To read the full article, please click here.

2. ‘Success Is Dangerous’Companies that have succeeded in the past tend to want to copy their successes over and over again. But emulation is too safe a route to take and will more often than not backfire on those who opt for it. In a world that is constantly evolving and innovating, emulating past successes is akin to applying old technologies and strategies in a new competitive world. This is a straight-through route to failure, caused by a salient mismatch of solutions to problems.

We did witness these in Sony and Nokia with the ubiquitous Sony Walkman and the ever-reliable, almost invulnerable Nokia cellphones. Eventually, as the economy evolved to become what it is now, both once-formidable companies which were too immersed in their past successes missed the evolution. They were swiftly overthrown by their new competitors, some of which entered the industries even later than both did. So, success can be dangerous.

3. “Imagination Will Take You Everywhere.” If your business model is logical and

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CORPORATE T R A I N I N G

SIM PD partners local company Pure Good to transform the halal industry through professional learning

SIM Professional Development (SIM PD) signed a memorandum of understanding (MoU) on November 17, 2018 to establish a strategic partnership with Pure Good

Management Pte Ltd to build leadership competencies for the global halal industry through management programmes, sharing of best practices and networking.

Pure Good provides an integrated supply chain services for halal products and facilitates the entrance of halal certified products from SMEs into the regional and international markets.

Under the agreement, both parties will offer opportunities for activities and programmes, such as learning, coaching, mentoring and market development to foster a collaborative relationship. They will also co-curate and market workshops in the areas of leadership development, personal mastery as well as industry compliance and standards.

The agreement was signed between Mr Ronald Tan, Executive Director of Singapore Institute of Management and Mr Zuraimi Jumaat, Director, Halal Compliance and International Strategic Alliance, Pure Good Management Pte Ltd. It was witnessed by His Excellency Dr Mohamed Omar Abdullah Balfaqeeh, Ambassador of United Arab Emirates to Singapore and other guests at the start of an international forum at the 19th edition of Dunia Melayu Dunia Islam (DMDI) or The Malay and Islamic World Convention held at the Max Atria Singapore Expo.

Held over three days, the convention was attended by over 300 delegates from DMDI member countries including Brunei, China, Indonesia, Malaysia, Sri Lanka, Singapore, Cambodia and South Africa. SIM PD participated in the trade exhibition organised in conjunction with the convention.

Mr Ronald Tan, Executive Director, SIM (2nd from right) and Mr Zuraimi Jumaat, Director, Halal Compliance & International Strategic Alliance, Pure Good Management, sealing the commitment to build leadership competencies for the global halal industry.

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Improve judgement, awareness and insight. Set yourself apart with that extra sharpness in reasoning and analytical skills.

Edward de Bono’s Six Thinking Hats®

The Six Thinking Hats® is based on de Bono’s empirical research on how the brain actually works. All human endeavour begins with the thinking process. Quality thinking is essential for good decision making. Never make another bad decision in your life.

Sir Dr Peter Low was among the first 12 to be personally trained by Dr Edward de Bono.

February 18 & 19, 2019

AMA’s Finance & Accounting for Non-Financial ManagersFinance and accounting can sometimes seem like an arcane subject to non-financial people. This programme uses a graphical approach to learning finance and accounting that demystifies the subject matter and makes it easier to grasp and retain the concepts being presented.

Alfred Chan has been in management consulting for over 20 years. Prior to management consulting, he was in investment banking with JP Morgan and DBS Bank.

February 21 & 22, 2019

Communicate with purpose and efficiency, leading to happier staff and customers.

How to Speak with Greater Confidence, Purpose & ImpactLearn practical techniques to structure, prepare and phrase your text, use your voice correctly, and identify common speech faults (pronunciation) to enhance your presentation skills and speak with greater confidence.

Tan Teck Huat has been a presentation skills and public speaking instructor since 1976. More than 15,000 participants have attended his seminars in Singapore and overseas.

January 21 & 22, 2019

Influence at all levels and situations that will win outcomes.

Effective NegotiationsWhether we are dealing with internal or external stakeholders, suppliers or friends and family, unconsciously we negotiate almost daily. The positive result of that negotiation conversation is dependent on our perception of negotiation and our approach to obtain our goal.

Regina Chua offers a unique combination of corporate experience and field experience in client engagement in both the consumer and B2B markets. She has designed and conducted sales and customer service trainings all over the world for a wide range of clients including global giants like Philips Lighting, Takasago and AIG Insurance.

February 25 & 26, 2019

Human Relations Skills & EQ TechniquesWant to connect more with your co-workers and achieve more at work? Appreciate the importance of workplace harmony and learn how to develop effective human relations, influence people and sharpen your EQ skills at this workshop.

Tan Teck Huat has been a course leader in management development programmes for SIM since 1976.

February 25 & 26, 2019

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Influence at all levels and situations that will win outcomes.

NLP for ProfessionalsNeuro-Linguistic Programming (NLP) offers tools and techniques in transforming your innate potential into performance. NLP helps you to understand the language of the mind, learn how it works, and apply this knowledge to significantly improve your relationships, career, personal development, communication, leadership and motivation.

Meenakshi Sarup is an experienced trainer and facilitator in business presentations and communication, NLP, EQ, positivity and leading change. She has trained in Singapore, India, Malaysia, Thailand, Philippines, Indonesia and Vietnam in various industries.

February 25 & 26, 2019

Powerful Business Writing for ExecutivesFive to ten minutes – that is all it takes for a busy businessman to decide whether to study or discard your business proposal, or for a client to call you or not for a presentation about your product / service. To distinguish your writing from that of your competitors, you need to write well, convincingly and with power too.

Mary Soon has many years of experience in teaching writing skills to managers, executives and professionals in many organisations and has also trained in various ASEAN countries including Indonesia, Myanmar and Laos.

February 25 & 26, 2019

Assertiveness Skills for ManagersBeing assertive means communicating your needs, wants and opinion with others in a direct and tactful manner, while at the same time being receptive to their needs and without being confrontational or aggressive.

Gaik Lim is a highly experienced and highly-rated trainer with over 20 years of professional and personal experience. She enjoys training and brings to her programmes interesting experiences gained from her work with corporations in the private and public sectors.

February 27 – March 1, 2019

Adopt systems thinking to appreciate the big picture and beat life’s roadblocks.

Cryptoassets, Blockchain & ICO: Primer, Methodology & Due DiligenceThis blended learning and experiential programme helps you understand blockchain technology in the financial industry and beyond. It also covers the relationship between both bitcoin and altcoins in the context of blockchain and its implication for the industry. Among the many forms of fund raising from Pre-seed, Seed, Series A, Series B, Series C, to IPO (Initial Public Offering), Initial Coin Offering (ICO) is currently a common form as well.

Dr Rex Yeap has 30 years of experience across the Information Technology (IT) value chain that spans industry, government and academia. He is the co-inventor of the patented IP Blockchain technology and has over 20 IT related patents and thousands of inventions over the past 30 years.

February 21 & 22, 2019

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JANUARY 29, 2019 (TUESDAY)

8.30 AM – 6 PM

SIM PERFORMING ARTS THEATRE

$200 IPCS & CHARITIES$450 OTHERS

REGISTER BY JANUARY 10, 2019

Enjoy a 5 pax bundle promotion of $600 (IPCs & Charities) or $1,350 (Others).

2019 SIM Membership e-Event Pass is not applicable.

Our keynote speakers include:Gared Jones - CEO of Points of LightTobi Johnson - President & Founder of VolunteerProAndrew Buay - Vice President and Group Sustainability & Talent Coach of SingtelHosea Lai - Head of Impact (APAC) at LinkedIn

Global Leader Series: The Future of Resource MobilisationCivic Entrepreneurship and Community-Driven Development

Resource mobilisation is often referred to as the ‘New Business Development’. This is key to any organisation’s sustainability, be it in the public or private sector - One must be in the business of generating new business to stay in the business.

How does resource mobilisation help you to do well by doing good? Just like any traditional for-profit company, civic entrepreneurs need to be financially profitable, employ innovative approaches and leverage on the power of community involvement to tackle social problems.

Join us for these invigorating sessions and hear from globally renowned practitioners on how we, as social service organisations, respond to these trends through social innovation and civic entrepreneurship. Harnessing new ideas and new partners to develop innovative solutions to local problems and to help shape our communities to focus on solution-driven rather than be problem-driven.

From this conference, you will gain an understanding on how to:• apply community-driven development approaches for creating greater social impact.• identify the benefits of civic entrepreneurship for for-purpose organisations.• identify the future trends in resource mobilisation.• analyse current volunteer management strategies to meet the needs of future volunteers.• discover the importance of using TECH to strengthen social change efforts.• develop collaborative and new relationships to increase resource mobilisation capability of the sector.

JANUARY 24, 2019 (THURSDAY)

7 PM – 9 PM REGISTRATION FROM 6.30 PM AND LIGHT REFRESHMENTS WILL BE SERVED

SIM MANAGEMENT HOUSE

$35 SIM MEMBERS$40 SIM GE & SUSS ALUMNI$45 NON-MEMBERS

REGISTER BY JANUARY 17, 2019

2019 SIM Membership e-Event Pass is applicable.

MARCH 1, 2019 (FRIDAY)

9 AM – 5 PM

SIM MANAGEMENT HOUSE

$480 SIM MEMBERS$576 NON-MEMBERS

REGISTER BY FEBRUARY 22, 2019

2019 SIM Membership e-Event Pass is not applicable.

Rising from Good to GreatFinding the Leader in You

Successful leaders are the power and intellect behind their organisations. A leader has a vision and knows how to inspire a team to go above and beyond. Many defining leadership qualities of good and great leaders have been identified across time.

• What are the key leadership qualities that employers seek for?• How can you communicate your leadership abilities?• What makes your leadership skills stand out from another?

Our speaker will share insights from his vast experience as a top headhunter in the region on key leadership traits needed to navigate in challenging times.

Tan Soo Jin is the Advisor of GTSJ for Leadership Consulting. He founded Tan Soo Jin Consultants in 1984 which later became GTSJ in 1992. Soo Jin has many years of proven track record of success and was named to be one of “Bloomberg Business Week’s 100 Most Influential Headhunters” in the world in 2008. He recently retired as Chairman of the Governing Council of the Singapore Institute of Management, Chairman of the Board of Directors of the Singapore Institute of Management Pte Ltd and also chaired the Nomination Committee. Soo Jin is currently a member of the NUS Business School Management Advisory Board (MAB) and is Executive-In-Residence (EIR) at the NUS Business School.

SKILLS ALIVE!

Pitching 101 – The Power of StorytellingStorytelling is something we all do naturally since we were young. But how do we emotionally connect our stories with people? What are the steps needed to craft a story to engage our audience, be it to our friends, colleagues, customers or business investors?

Very often we start our presentation journey without being clear on the purpose, who our audience are, what is their intent or not knowing how to best communicate their unique selling point.

Harness the potential of effective storytelling techniques to refine your pitch, influence, engage and make that important connection emotionally.

TALK OUTLINE:• The science of storytelling – Using the right method to deliver your story• The ultimate pitch – Develop the correct pitch to interest your audience• Three key elements of storytelling – Understand the fundamentals and techniques• Studio pitching and feedback session – Record your own pitch/storytelling practice session

Graham Brown is an entrepreneur, radio show host and investor. He is a published author on the subject of consumer technology and investment. His works include The Mobile Youth: Voices of the Connected Generation and The Asia Matters Report. He is also the main show host on Asia Tech Podcast – Asia’s largest podcast network covering the latest tech and investment trends. He has hosted 400 shows across 15 Asian markets. His work has been featured in The Financial Times, The Wall Street Journal and has helped shaped the technology marketing strategy of clients such as UNICEF, MTV, Disney and Monster Energy Drinks.

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2019年1月19日(星期六)

2 PM – 5 PM登记从 1.45 PM 开始/茶点从 3.15 PM

新加坡管理学院分院SIM MANAGEMENT HOUSE

$40 企业管理学会会员$50 新加坡管理学院会员$55 新加坡管理学院全球教育毕业生协 会及新跃社科大学毕业生协会$60 非会员

报名截止日期：1月11日

SIM有权利在任何时候或不可预测的情况下做所有变动。

2018 SIM Membership e-Event Pass is applicable.

企业管理学会

BUSINESS MANAGEMENT GROUP

2019猪年旺财旺运旺事业风水讲座讲命理，讲己亥猪年运程！Boost Your Luck with Feng Shui and the 12 Zodiac

4700多年前黄帝成为部落首领开启华夏文明，命理风水是华夏文明的重要组成部分。此讲座将结合5000历史介绍命理风水发展过程，讲解风水基本原理，让您更好的利用风水提升运势。张师傅也会与您分析2019年流年风水及12生肖流年运程。结合神话传说封神演义主要人物分析紫微斗数14颗主星，必有一颗属于你，进而分析你的事业，感情，财运，健康运势，从而掌控命运，改善生活。

净地风水创办人张一伟师傅，拥有新加坡国立大学硕士学位，具有20多年命理风水专业。以幽默有趣的讲解方式让紫微斗数赋予新生命，再结合丰富的历史文化知识做出透彻的分析。张一伟师傅以他渊博的风水知识，已办超过40场的风水讲座，多年来深受好评。

马上报名！绝对不要错过我们这仅有的一场讲座！

FINENESS AND WELLNESS JANUARY 15, 2019 (TUESDAY)

2 PM – 5 PMREGISTRATION FROM 1.30 PM

OUE SOCIAL KITCHENDOWNTOWN GALLERY6A SHENTON WAY, #03-02/03SINGAPORE 068815

$128 SIM MEMBERS$158 NON-MEMBERS

REGISTER BY JANUARY 8, 2019

Season Special for e-Event PassOne e-Event Pass with a top-up of $78.Two e-Event Passes with a top-up of $28.The use of 2018 & 2019 e-Event Passes is limited to two e-Event Passes and registration must be made before December 29. Please note that your e-Event Pass(es) will be considered as utilised for cancellation of seat and non-attendance.

The Race Against ThymeLearning Negotiation Through Cooking

Broaden your scope of action and sharpen your negotiation skills through an interactive and engaging hands-on culinary experience.

Negotiation skills is a necessity in the kitchen when it comes to working with fewer ingredients, having limited food sources available or even restricted time due to everyday challenges.

In order to accomplish a task such as cooking a dish, we need resources and support around us. How do we connect, communicate and collaborate with others to achieve our goal? Learn the magic formula of applying empathy through questioning and listening to reach a breakthrough agreement and common understanding. Come join us to increase your negotiation intelligence and cooking skills.

This event is meticulously planned to impart culinary techniques and principles on how you can whip up a Korean feast with anyone and everyone. It is tailored to ensure that you have a great time and opportunity to network with the like-minded. Start your culinary journey with us now!

There is also a sharing session by Suhwe Lee, the Vice President of Education and Distinguished Toastmaster in SIM II Toastmasters Club. She is a global trainer and learning consultant in the Asia-Pacific talent acceleration and culture transformation programme for IBM.

JANUARY 19, 2019 (SATURDAY)

2 PM – 5 PMREGISTRATION FROM 1.30 PM AND REFRESHMENTS AT 3.30 PM

SIM MANAGEMENT HOUSE

$25 TM I MEMBERS$50 SIM MEMBERS$55 SIM GE & SUSS ALUMNI$60 NON-MEMBERS

REGISTER BY JANUARY 11

2018 SIM Membership e-Event Pass is applicable.

SIM | TOASTMASTERS CLUBVoice of AuthorityIf you are a speaker or an aspiring one, who wants to inspire your audience and establish yourself as an expert and the go-to-authority in your field, THIS IS THE WORKSHOP FOR YOU!

In a world of information explosion, people don’t listen to speakers with a voice that bores them with information that they can find on the internet. People don’t trust them either.

According to The Edelman Trust Barometer, the world is in this new phase where trust is on the decline. People need experts to take a stand and speak their mind.

Are you ready to find out how to have that voice of authority?

WORKSHOP OUTLINE:• What it takes to become the voice of authority• Learn the three pathways to develop your voice of authority• Master two powerful techniques to project credibility and build trust• Speak with passion and conviction to inspire and influence others• Develop a powerful voice to establish yourself as the go-to authority

Cynthia Zhai is a voice coach, speaker and author. She has helped senior executives from MNCs and government bodies to speak with impact and conviction, to engage and inspire people to embrace change and take action. She has worked with clients from 42 countries across 5 continents. Cynthia is an adjunct lecturer at Stanford University and is also an advisor for the Korean Innovation Center Silicon Valley. She has worked with many high-profile clients including being a simultaneous interpreter for Russian President Vladimir Putin at the G8 Leaders Summit, a governmental forum attended by the heads of government.

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EDITORIAL TEAMEDITORIAL DIRECTOR TANG MEI SIN EDITOR HANAFI MOHAMED DESIGNER TAN SONG JOO COORDINATOR ALEXANDRIA CHU

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CONNECTIONSALL THINGS MEMBERS

Please complete and return this registration form to Events ManagementSingapore Institute of Management, SIM Management House, 41 Namly Avenue, Singapore 267616

T: 6246 6746 • F: 6462 5751 • E: pdevents@sim.edu.sg

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LEGENDSIM – SIM Members Uni – SIM GE / SUSS Alumni Non – Non-membersIG – Respective Interest Group members only

BUSINESS INSIGHTS DATE TIME FEE (MEMBERS)SIM | UNI | NON

Rising from Good to Great JAN 24 7 PM – 9 PM 35 | 40 | 45

Global Leader Series: The Future of Resource Mobilisation JAN 29 8.30 AM – 6 PM 200 | 450

Pitching 101 – The Power of Storytelling MAR 1 9 AM – 5 PM 480 | 576

The Race Against Thyme JAN 15 2 PM – 5 PM 128 | 158

PROFESSIONAL INTEREST GROUPS DATE TIME

FEE (MEMBERS)IG | SIM | UNI |

NON

BMG Boost Your Luck with Feng Shui and 12 Zodiac JAN 19 2 PM – 5 PM 40 | 50 | 55 | 60

TM I Voice of Authority JAN 19 2 PM – 5 PM 25 | 50 | 55 | 60

You can also register online by clicking on respective events on the membership events calendar at pd.sim.edu.sg/ms

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HIGHLIGHTS

Singapore Management Festival 2018

PROF STÉPHANE GARELLI | STAYING IN THE GAMEHow to survive disruption and change

““

Emulating past successes is akin to applying old technologies

and strategies in a new competitive world. This is a

straight-through route to failure, caused by a salient mismatch of

solutions to problems.

Are you afraid of the disruptive technology? Well, all you need is a mindset change!

Today’s business world is changing and evolving faster than ever before. The new cool kid on the block is ‘disruption’. It takes the world by storm primarily brought about by technological advancements, creating new rules, or simply becoming the new name of the game. And those who can’t adapt fast enough, will end up trying to catch up or possibly it’s ‘Game Over’ for them.

So what can business leaders do? According to the Founder of the Institute of Management Development World Competitiveness Centre, Emeritus Professor Stephane Garelli, having the mindset of competitiveness is essential to ensure that you stay in the game.

So what does a competitive mindset really mean? The mindset one has is fundamental and is what sets competent people apart from being competitive. Competent people exist in every company, but to unlock the element of competitiveness, their mindsets and value systems have to be right and properly managed, if not they will end up nowhere.

How can we achieve a competitive mindset then? Professor Garelli shed light

are going to be scared and not do it. Don’t fall into the trap of studying a good idea until it becomes bad! Maybe things that need to be decided should not be discussed. Forget about being 100% sure to start doing things!

2. ‘Success Is Dangerous’Companies that have succeeded in thepast tend to want to copy their successesover and over again. But emulation is toosafe a route to take and will more oftenthan not backfire on those who opt for it.In a world that is constantly evolving andinnovating, emulating past successesis akin to applying old technologies andstrategies in a new competitive world.This is a straight-through route to failure,caused by a salient mismatch of solutionto problem.

We did witness these in Sony and Nokia with the ubiquitous Sony Walkman and the ever-reliable, almost invulnerable Nokia cellphones. Eventually, as the economy evolved to become what it is now, both once-formidable companies which were too immersed in their past successes missed the evolution. Result? They were swiftly overthrown by their new competitors, some of which entered the industries even later than both did. So, success can be dangerous.

3. “Imagination Will Take You Everywhere.”If your business model is logical andrational, there may be a chance thatsomeone else has already done it. Howare you different? Logic takes you fromPoint A to Point B. But imagination will takeyou anywhere. Think about the big successstories of IKEA. Founded in the 1940s, theycame up with a revolutionary idea to getcustomers to buy wooden planks in theirwarehouses, so that they could go homeand fix their furniture themselves. This wasa crazy business model but they made it.

Similarly, when McDonald’s first started in the 1940s, they got their customers to queue in front of their kitchens with little trays to get their food and asking them to eat with their fingers! It was absurd and disruptive at that time but it worked! Though imagination comes with risk, risk is actually good for you! Because in life, you cannot avoid risk, you can only manage it. The least amount of risk you can take is to

with the business executives and leaders present at the Singapore Management Festival (SMF) with inspirational real-life stories, to illustrate how this mindset can enable leaders today to stay in the game and build a successful business.

1. ‘The One Who Insists on Perfect Clearness Before He Decides NEVER Decides’Uncertainties are simply part of the game.If you are going to wait for 100% certainty,you will never make the move. Most people don’t dare to take that step forward,and end up not doing anything. This is thereason why entrepreneurs are so good.Because they don’t think so much. Theyjust do it, and see what happen. If it doesn’t work out, they do it again.

Decision-making is tough because uncertainty is inevitable. The more you think and want to avoid it, the more you

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take risk. So never say no to a good idea.

4. “If You Want to Lead People, You Have to Enter Their World.”Lastly, the distance between leaders andtheir followers also plays an importantrole when it comes to staying competitive.Without understanding the people thathave chosen to put their faith in you tobe led by you, you cannot fully utilise andnurture these followers. Just being goodat what you do is not enough. You have tointeract with the world around you.

Power distance is the acceptance of unequal distribution of power. In a workplace environment that believes in having high power distance, the hierarchy structure may sometimes become unhealthy and oppressive. A leader who is willing to increase the proximity between them and their followers can better understand the individuals around them who may believe in the same vision they have. This way, leaders can better help to promote the growth of their followers.

Interested in events like this? Check out our Business Insights section for upcoming programmes or visit pd.sim.edu.sg/bi/calendar for more information.

Copyright © 2018 Singapore Institute of Management

To republish any part of this article, please contact SIM for permission via e-mail at membership@sim.edu.sg