APEC Young Leaders Forum Report Beijing & Shanghai, China 9-14 July 2001

Transcription

1 APEC Young Leaders Forum Report Beijing & Shanghai, China 9-14 July 2001 Prepared By Elizabeth Quat President, Internet Professionals Association Economic Forecast Global economic go downward: 2000 growth 30% VS 2001 growth 4% Inflation raise Europe growth from 2% to 3% = 50% up Asia GDP, Singapore, Korea & HK move from 9% growth rate to 2-3% growth rate Asia decrease 50% in IT equipment purchasing amount China export 1-5/2001 decreased 25.8%, now economy supported by internal spending focus in ICT and Travel China forecast 2001 GDP growth rate - 7% Conclusion: Corporations should prepare for the worst China is leading the global economic growth Web Care Presentation v.6 1

2 China Stock Market will be a Force -11 July 2001, Goldman Sachs Sectors/Country: China Taiwan USA Deposit: 58% 51% 9% Bond: 4% 3% 7% Stock: 6% 23% 36% Others: 32% 23% 48% China Challenges Unemployment pressure Unstable Global economy Low income growth of the farmer sector, at least 100M workers should transfer Too many domestic traditional companies need to develop more Hi Tech and Global companies Lack of natural resources and related infrastructure water, electricity, etc Web Care Presentation v.6 2

3 Hong Kong Opportunities HK can remain as the gateway to China, esp for investment Fund flow from HK to China Understanding is important for betting law, regulations Global investor are not comfortable to invest directly in China Business Strategies The most important assets of a corporation in knowledge base economy: People The ability to recruit, train, develop, and keep talent The ability to develop Corporate Value that attract and keep people Corporate governance discipline, transparent, & social responsibility The ability to develop CSR (Corporate Social Responsibility) as Business Strategy to defining a new market, input better image & credibility in the market place and protect the brand Good corporate governance = Good Management = Good Performance Web Care Presentation v.6 3

4 Business Strategies The most important assets of a corporation in knowledge base economy: IP ownership the most important asset in the future IT industry The ability to use technology to grow an existing or build a new business The ability to develop an IP that can turn into Cash Distribution Network The ability to control the supply chain and value chain The ability to understand customers ever changing behavior The 6 Business Principals The Right Goal - Long term goal base on sound strategies and sustainable value to customer Deliver Value Proposition Differentiation Distinguish Value Chain Increase value in all parts of the chain Robust trade off, only do things you are good at Fix all parts / activities together control vs empowerment Continuity of Direction growth in a continuum way Web Care Presentation v.6 4

5 Global Leader Qualities The 3 most important qualities of today's Leader - Dr. Supachai Panitchpakdi, Director General of WTO: Forward thinking the ability to develop long term global vision Flexibility the demonstration of dynamic personality Compassion Care about the world, the society, and the people the ability to feel and influence people with passion Whatever you do, don t forget a leader is someone who walk ahead of people, someone who create and take the lead. Insights IT Industry Sell your strength, Buy your weakness Internet is not just a business revolution, it s a culture revolution Bring Internet into corporate DNA I have no love of technology for technologies sake just solutions for customers. Market & Financing change from Hype to fundamental Rely on market and your customer not analyst, media or government Create new value for customer Never wait for environment Knowledge base economy is a fix cost environment, can only add value, not cut cost Priority of idea and technologies cannot last long, should keep moving ahead all the time Good business strategies base on 5 key C points Customer, Competitor, Company, Country, Currency Web Care Presentation v.6 5

6 Insights - Leadership & Entrepreneurship Knowledge vs Wisdom Open minded + Idea = able to think outside the box Confidence + Enthusiasm + not afraid of failure= able to make things happen Flexibility + Hard working + Patient Global Network + Culture awareness = sources of advise & ideas Understand the background and needs of Global market Experience and soft skills able to communicate Focus on People A team Builder & Motivator Social Responsibility education of government & public, give back to society, use technology to build a better world Same as Tennis Player Skill can be learn but one must have a passion to win. Web Care Presentation v.6 6