Colin Ong is a well-known Business and English Lecturer. He specialises in Economics, General Paper, English and Management of Business. If you need tuition, message him at colinongts@hotmail.com
Wednesday, January 28, 2009
Mentoring Exercise 30
Mentoring Exercise 29
Mentoring Exercise 28
Mentoring 27
Mentoring 26
Mentoring Exercise 25
Mentoring Exercise 24
Mentoring Exercise 23
Mentoring Exercise 22
Mentoring Exercise 21
Thursday, January 22, 2009
My Thoughts B4 The Singapore Budget Statement
- Host mega clubbing events where concert-goers pay one fee & club around the world for a month
- Develop more unique reality TV programmes in Singapore
- Allow more youths to balance E-commerce activities with their studies.
- Encourage more Singaporeans to study locally - many distance learning courses are of high quality.
- Use the coming YOG (Youth Olympics) as an opportunity to build up and improve infrastructure in Singapore.
- Target more ASEAN tourists visitors to Singapore - use their children, who are already schooling in Singapore, as tourist ambassadors.
- To boost tourism, encourage a combined yearly pass where tourists get discounts to hotels, F&B within the ASEAN region.
- Build more hostels and enlarge the Education Sector in Singapore.
- Get the 3 local Unis (NUS, NTU, SMU) to combine resources and expertise in order to nurture Singapore's first Nobel Prize Winning team.
- Singapore has the expertise to develop Examination Curriculum/Test-Papers especially in Mathematics and Science.
- Singapore government should consider charging a consulting fee to help countries develop their own statutory boards like education and healthcare. This consulting fee can then be put back to our national reserves.
- Singapore should create a "super-mentor team" comprising of Minister Mentor Lee, Senior Minister Goh Chok Tong and ex-top Civil Servants who provide consultation for developing countries and paid by IMF - a percentage will be put into our national reserves.
Wednesday, January 21, 2009
Obama's Inauguration Speech - My Thoughts
His first sentence included the remembrance of the past. This is important as it sets the tone for helping the audience understand that the current crisis need not be insurmountable.
Observation 2: He thanked George Bush and had a positive that Bush helped in the transition.
Observation 3: "..faithful to the ideals of our forbearers"
Observation 4: "Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age."
I am amazed by Obama's directness in mentioning "...to make hard choices". It seems that he is admonishing the past American feeling of worshipping all forms of excesses.
Biz Application: The CEO should be a futurist, yet looking rationally at daily operational procedures.
He uses the term energy and adversaries in the same sentence. This is interesting. Is he implying that America has too much reliance on oil and is at the mercy of the price manipulation of OPEC?
Observation 6: "..a nagging fear that America's decline is inevitable, and that the next generation must lower its sights."
Obama show's an acute understanding of how the rest of the world is currently viewing America..as a country that is too distracted by its domestic woes to pay attention to the war in Gaza, North Korea and even global poverty. The end of the American single Superpower model?
Observation 7: "In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame."
Obama is referring to the age old ethos of hard work and honesty. I am wondering if he has hinting that there must be an overhaul of the American Financial System - maybe more government supervision and involvement.
Monday, January 19, 2009
Mentoring Exercise 20
Mentoring Exercise 19
Mentoring Exercise 18
Mentoring Exercise 17
Mentoring Exercise 16
Mentoring Exercise 15
Mentoring Exercise 14
Mentoring Exercise 13
Mentoring Exercise 12
Mentoring Exercise 11
Sunday, January 18, 2009
Mentoring Exercise 10
Mentoring Exercise 9
Mentoring Exercise 8
Mentoring Exercise 7
Looking Into 2009 (Chinese Context)
I recently read with huge interest on Chinadaily.com.cn (December 27, 2008) how authorities in Yizhuang launched a 100 million yuan per year program to recruit overseas-trained Chinese talent to work for companies set up in the Beijing Economic-Technological Development Area (BDA). It was reported that qualified Chinese recruits returning from overseas are entitled to an award of 100,000 yuan in addition to getting housing subsidies, a free medical checkup, and education subsidies for their children. That is not all; companies that employ these returned talents could receive an award of up to 500,000 yuan.
This article reflects the importance of retaining and employing talent in Chinese business. Every employee has a warehouse of experience of knowledge to contribute, even if he had been trained overseas. Actually being trained overseas has an added advantage of being able to increase overseas networking opportunities.
This set the scene for my first article (in the China context) of 2009 – how should Chinese firms view the coming year? Here are some of my views as an Economist and Futurist.
Team up with Chinese Higher Learning
According to The China University Alumni Association, Peking University has been labeled the "cradle of Chinese tycoons". The reason? It topped the list of the richest Chinese college graduates with 35 billionaire alumni! This is followed by Zhejiang University and Tsinghua University. Billionaire alumni from Peking University include sports goods tycoon Li Ning.
It is very crucial that your company get involved with the various activities of Chinese Higher Learning. This can be as simple as sponsoring their events.
Be open with your employee
Don’t make promises that you cannot keep. The global recession is going to last for at least the whole of 2009. This will definitely hit the company’s bottom-line. Cost-cutting will be the norm.
Retrenchment should be the last resort
Nothing is more devastating then to go through a retrenchment exercise. It is the easiest way to solve a bad situation. But is it the best? Will your company be reflected in a good light and get the respect of your employees?
It has been reported by Chinadaily.com.cn that several of Chinese Huddler Liu Xiang's sponsors will continue to support the track star despite his failure in the recently-concluded Beijing Olympics. Nike has even gone so far as to change the tag line of one of its print advertisements to "Love Sport Even When It Breaks Your Heart", which prominently features Liu. Coca-Cola has also said it will continue to endorse Liu.
Find more innovative ways of cutting costs
Your company can start cutting cost by reducing the air-conditioned bills by encouraging workers to dress less formally like in casual jeans for certain work-days. Alternatively, you can encourage them to take the lift less often and use the stairs. Many companies can also drastically save money by encouraging employees to use more of the internet, instead of fax, in order to cut down on paper usage.
More income generated
Help you employees generate more sources of income – even activities that are not traditional like private tutoring. This may sound far-fetched but their activities may open more doors for new source of revenue for your own company. Under-utilised facilities like seminar rooms can also be better employed and the employee may be touched by how open-mindedness of your company. This will also encourage more corporate loyalty.
Book publishing
Nothing gives your company more visibility then publishing a book about your company’s activities. You can even consider getting your top marketer to publish under your company. Give the book out or have a prominent book launch.
Engage Your Customers
Get their feedback on your new launches or through viral marketing, get them to promote your product. Many of your customers have website and blogs so send them a widget to link back to your company.
Sunday, January 11, 2009
Mentoring Exercise 6
Mentoring Exercise 5
However, as time progresses, you discover that you are not regularly updated with the organisation's progress and your membership does not create much bearing with the organisation's activities and direction.
Do you stay? Or were you never meant to be part of that organisation?
Should you set up a competiting organisation since as a mentor, you are highly regarded by business professionals and political heavy-weights?
Discuss the various ways in which you should set out your decision-making matrix.
Mentoring Exercise 4
Should you report to higher management?
Mentoring Exercise 3
He approaches you and ask for employment within your Startup - preferably as the Managing Director, so that his bank loans will not be affected. However, you are in a dilemma because you feel that there is a wide generational gap.
How will you resolve this problem?
Mentoring Exercise 2
You decided to break away from them and coincidentally, you discover some information that will help them be more persuasive in their business plan presentation.
Will you inform them?
Mentoring Exercise 1
You have been assigned to be his mentor.
Describe your response.