Coach K’s 5-Character business framework was quote in an article of the Kwong Wah Yit Poh press. The extract of the Chinese article is translated to English here.
Coach K, the Secretary General of The Society ofLogisticians, Malaysia (LogM), believes that in this era of crisis and opportunity, mastering
the business aspects represented by 5 Chinese Character is important, namely 金 cash,
心
mindset, 领
leadership, 创
creativity
and 系system.
He said that cash management is extremely important in
this extraordinary period to ensure the survival of the company. The company
must ensure there are at
least 6
months of cash reserves and cash management, including managing resources and reducing
unnecessary costs.
"Employers
must change their mindsets in several areas, including how to deal with
customers, employees, suppliers, and even partners, and deal with this severe
and extraordinary period with a new normal mindset."
He continued that leadership during this period also
has to change. The team structure of the entire company must change in a timely
manner. Leaders need to understand the situation of work-from-home, including
the related needs and evolution. Only if the team is united from top to bottom
that the company can recover from the crisis.
He explained that such challenging period forces
creativity out of us for survival and development. Leaders need to find new mindset,
new selling point and new operating approaches to breakthrough. Simply maintaining
the same way of doing things is not beneficial.
"Since the MCO and the pandemic brought on
disruptive impact to industries, the usual way of business operations and
system require reformulation to cope with this unprecedented challenging environment.”
He emphasized that this pandemic undeniably brought a
heavy blow to all walks of life, but also brought upon to people to be mindful of
how to survive and also accelerate the development of digital economy.
"An old Chinese proverb says, ‘When it seems that
it is the end of the road, there may be another village lying ahead.’ Crisis offers opportunity, especially when we continue
to think and innovate.”
He said that the priority now is to survive and then to evolve. Looking into the details of 金 cash, 心 mindset, 领 leadership, 创 creativity and 系system will make a difference.
Original article here:
Coach K
Passions: Academic Success, Business, Career, Chinese Classics, Education, Emotional Management, Leadership, Research, Strategies.
A proud father of 3 daughters with 3 degrees, including a Master of Science, a Bachelor of Laws and a Bachelor of Commerce (Hons), Coach K retired from being a CEO of a multi-million group of companies to pursue his passion in education and learning. Equipped as a Certified Trainer for HRDF, a Certified NLP Trainer for the American Board of NLP (ABNLP), a Certified Hypnotherapy Trainer for the American Board of Hypnotherapy (ABH), a Certified Time Line Therapy® Master Therapist for the Time Line Therapy® Association (TLTA) and a Certified Coaching & Mentoring Professional recognized by the ICF, he founded Wisdom Woods, an academy which offers learning programmes for children and adults, as well as coaching and research services.
He is also an adjunct faculty member of several tertiary Institutions for MBA and Professional Qualifying Examination programmes, as well as being active in community services, being the Chairman of the Kwang Hwa Alumni Society, the Divisional President of Division II, AK Corps. St. John Ambulance Malaysia, the President of the Penang Symphony Society, the Secretary General of the Society of Logisticians, Malaysia and an Industry Advisory Panel member for Disted College Business School.
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