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Hummingbird International – Connecting People with Strategy Managing Strategy in Turbulent Times Shiraz Latiff CEO/Lead Consultant Hummingbird International

Strategy in Turbulent Times

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Strategy, Turbulent Times, Management, Business Strategy

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  • 1. Managing Strategy in Turbulent Times Shiraz Latiff CEO/Lead Consultant Hummingbird International Hummingbird International Connecting People with Strategy
  • 2. Hummingbird International A Regional Knowledge House specializing in: Coaching, Consulting & Outsourcing Specializing in: Strategy, Marketing, Branding, Soft Skills, Sales & Leadership Areas Authorized Partners for: Kotler Impact - Canada World Marketing Summit - USA/Canada Consulus - Singapore Strategy Academy - India Hummingbird International Connecting People with Strategy
  • 3. Managing Strategy in Turbulent Times Hummingbird International Connecting People with Strategy
  • 4. We Have Been Seeing Crisis All Over the World Hummingbird International Connecting People with Strategy
  • 5. Are These Really Turbulent Times? Greece, Spain, Portugal, Italy, Cyprus & Who is Next ????? Hummingbird International Connecting People with Strategy
  • 6. Ironic But True Hummingbird International Connecting People with Strategy
  • 7. Global Suffering? Hummingbird International Connecting People with Strategy
  • 8. A Balancing Act? The crisis has mutated but not resolved! HSBC Report, August 2010 Brave New World. Emerging markets expanded but inflation is fast building upCitibanks Citigold report Hummingbird International Connecting People with Strategy
  • 9. Convergent Lifestyles! Hummingbird International Connecting People with Strategy
  • 10. Lets Look at this Phenomena in the Current Context of the World Hummingbird International Connecting People with Strategy
  • 11. What is Changing the World Outlook Power of Individual Power of Media Power of Speculation Power of Consolidation (markets) Hummingbird International Connecting People with Strategy
  • 12. Do You Know this Person? The Times (UK) Person of the Year 2011 Hummingbird International Connecting People with Strategy
  • 13. Do We Recall this Image? Hummingbird International Connecting People with Strategy
  • 14. Mohamed Bouazizi The Times newspaper (UK) person of theyear 2011 Gulf Business top 100 most influential Arab 2011 Hummingbird International Connecting People with Strategy
  • 15. Thanks to the brave act of a previously anonymous Tunisian market seller, those who had lived without hope in a world of despots rose together and changed the region. Gulf Business Feb 2012 Hummingbird International Connecting People with Strategy
  • 16. Power of Media Hummingbird International Connecting People with Strategy
  • 17. Power of Speculation Hummingbird International Connecting People with Strategy
  • 18. Consolidating Markets European Union Single Community BRICS Brazil, Russia, India, China, South Africa, Shared Characteristics & Interest PIGS Portugal, Italy, Ireland, Greece and Spain EU Peer Review & Common Crisis ASEAN Economic cooperation NAFTA Free Trade Area SAARC Regional Cooperation Hummingbird International Connecting People with Strategy
  • 19. The Result? Turbulence & Opportunities Individualism Speculation Hummingbird International Connecting People with Strategy
  • 20. Strategy? Succeed? Succumb? Hummingbird International Connecting People with Strategy
  • 21. Adopt Five-Prong Strategy 1. 2. 3. 4. 5. Leadership Traits for Turbulent Times Positive & Innovative Thinking Seizing the Opportunity in a Downturn Mastering Your Inherent Strength Perseverance & Persistence Hummingbird International Connecting People with Strategy
  • 22. 1. Leadership Traits for Turbulent Times Ram Charan advised there are 6 traits for leadership during turbulent times i.e. Honesty Ability to Inspire Real-time Connection with Reality Realism Tempered with Optimism Managing with Intensity Boldness for the Future Hummingbird International Connecting People with Strategy
  • 23. How did Samsung Succeed? Hummingbird International Connecting People with Strategy
  • 24. Leadership of Lee Kun Hee Hummingbird International Connecting People with Strategy
  • 25. 2. Positive & Innovative Thinking You seize upon what you have that is useful to harness Align: Aptitudes Attitude Abilities Develop: New Pathways Tactical Maneuvers Unprecedented Strategies Hummingbird International Connecting People with Strategy
  • 26. Believing in a Silver Lining! Dont worry when economy turn South & Sour ? Remain Calm & Take Proactive Actions Refocus on Both Big Picture & Nifty Gritty to Clean up the Act Change and Adapt to Survive Hummingbird International Connecting People with Strategy
  • 27. Positive Mindset Vince Lombardi, Green Bay Packers Coach Considered Coach of the Century It is not whether you get knocked down; it is whether you get up each time that count! Hummingbird International Connecting People with Strategy
  • 28. How Did Tesco Become the Leader Hummingbird International Connecting People with Strategy
  • 29. Tesco & Terry Leahy Was behind M&S and Sainsbury Introduced the Tesco Club Card Introduced Customer Insight with Dunhumby Market Leader in UK despite Economic Downturn Hummingbird International Connecting People with Strategy
  • 30. 3. Seize The Opportunity in a Downturn Unlike Asian Financial Crisis if you are outward and export oriented, you survive /prosper New Market Segments New User Groups New Product Offerings New Geographies! Hummingbird International Connecting People with Strategy
  • 31. Poundland 2.75 Million Customers a week Circa GBP One Billion Sales Over 3,000 items Priced at GBP 1 >350 Stores Hummingbird International Connecting People with Strategy
  • 32. Honda Hummingbird International Connecting People with Strategy
  • 33. Maruti Hummingbird International Connecting People with Strategy
  • 34. More Ways to seize opportunities? Protect financial fundamentals by maximizing cashflow, minimize credit risks, reduce working capital, optimizing banking credits by rescheduling term loans Increase efficiency, rethink portfolios & pricing strategies Review investment/divest non core window dressing business that saps cash Hummingbird International Connecting People with Strategy
  • 35. 4. Mastering Your Inherent Strength Brainstorm Think out of the box Paradigm shift Continue to invest on your R&D whilst competitors are sleeping or cutting corners Uncover hidden untapped market-develop new business models Hummingbird International Connecting People with Strategy
  • 36. Clark Shoes Hummingbird International Connecting People with Strategy
  • 37. Began in a Tannery Hummingbird International Connecting People with Strategy
  • 38. Secret Formula of Clark Shoes Founded in 1825 by James & Cyrus Clark Strength is making good shoes From contemporary to everyday shoes The world number one in 'everyday footwear Design, innovate, manufacture and sell more than 50 million pairs of shoes every year Began in a Tannery, still in a Tannery!! Hummingbird International Connecting People with Strategy
  • 39. 5. Perseverance & Persistence According to John C Maxwell in his The Maxwell Leadership Bible -2007 edition Quote: We must be determined to lead our lives before expecting someone else to follow. Samson had it but lost it on his way and lustfully consumed whatever he wanted.food, drink, Philistines and women! Hummingbird International Connecting People with Strategy
  • 40. Summary Rise of the Forces Individual Media Speculation Consolidation Strategies for Turbulent Times Leadership Traits for Turbulent Times Positive & Innovative Thinking Seizing the Opportunity in a Downturn Mastering Your Inherent Strength Perseverance & Persistence Hummingbird International Connecting People with Strategy
  • 41. Thank You Q&A Hummingbird International Connecting People with Strategy