Regional markets slump, KLCI falls more than 25 points
Ringgit set for worst day in six months; Greek woes hit Asia FX
Tradewinds Plantations 1Q net profit tumbles 91.1% to RM4.34m
MISC falls on widening losses, grim outlook
M'sians abroad keen to vote with transparent process and secure mechanism
Squash: Nicol advances into British Open second round
Dr M: Bar Council has become political party
DPM: Over 24,000 teachers to be considered for promotion
Categories
| CEOs need to stick with vision for growth |
| Business & Market 2009 | |||
| Written by Fong Min Hun | |||
| Wednesday, 14 October 2009 11:11 | |||
|
“Now more than ever, investments in company’s growth strategy and execution capabilities can set businesses apart from their competitors,” he said. He was speaking to the media at the Growth, Innovation and Leadership Congress 2009 held here to discuss how CEOs can sustain growth in the current operating environment. Frigstad said growth opportunities were emerging, but CEOs needed to position their companies to best exploit them. This meant sticking with a growth vision while taking advantage of opportunities that arise, he added. This meant picking up depressed assets, hiring talent that may be out on the streets, and sticking to a vision. While many CEOs say they do that, Frigstad said their actions belie what they say. “When we surveyed CEOs, 80%-90% say they don’t change their long-term growth strategies,” he said. “You look at what they’ve actually done and it’s just the opposite.” Frigstad added that there were also contrasting views between how CEOs thought of themselves and how their staff thought of them. Frost and Sullivan’s survey showed that CEOs appraisals of themselves and their leadership qualities generally differed quite vastly from their staff’s appraisal of them. This article appeared in The Edge Financial Daily, October 14, 2009.
|
|||
|
|