High Income society - Self Improvement

High Income society is about more people getting paid more money. They are to be paid more for their job they delivered.

The question is how do we get paid more?

The Idea is.

We get paid more by increasing our knowledge, responsibility and professionalism.

Knowledge is the ability to deliver our job satisfactory and ability to know how to do it better.

Responsibility means being accountable for our assignment and results. Responsibilty also means the task to grow the people surrounding us including the bosses.

Professionalism is the awareness of knowledge and reponsibilty plus the ability to priorities and focus with integrity.

How do you get started? You are to improve and acquire the three elements. Give it your best try and give it time. Irregardless the organisation that you work for.

What if the organisation do not recognise the values? You still have to give it a sufficient time. I would say at least 1-3 years (too fast will hurt your resume'). Keep focusing on improving yourself regardless. Learn from the mismanagement of the organisation. Do not involve into gossip (it hurts your professionalism). Conserve your energy, your focus your motivation and dont give up!.

Then when the things does not change and impossible to change in your favour. Do the thing that most people fail to do. Decide to move on! Look for a new job! Then repeat the cycle all over again until you find the job that pays you according to your contribution.

Malaysia Dilemma

A lot of efforts have been put in since our independence to get things in the right path. There are lot of governing policies in place to develop the country. It is to change our status from an underdeveloped to becoming a developed country. There were many policies in term of economics, equality, governance, education, health and etc.
Most of the yesteryear governing policies were sufficient to get Malaysia from the underdeveloped country to the most developed underdeveloped country. However, the long term mission is to be a developed country. The yesteryear governing policies WILL DEFINATELY NOT take Malaysia to the desired status. It takes different governing policies to be able to do it.
The idea is
Most things had changed and are changing. It needs revisions. Most of our short and medium term goals have been achieved. Some of the policies need realignment as the environment and requirement has changes. The economic environment, politics, moral, unity, life style, social obligations have change. Even in the developed countries they are changing to adapt changes. So our yesteryear policies of does not need adjustment anymore. They have to go though major overhaul.
The most important thing to be focused on is Malaysian society. Malaysian has to change their mindset. All races have to change their mindset. For the Chinese and Indian they are not working here temporarily and later to go back to India and China anymore. They are the citizen of this country. They are supposed to be thinking of the country more. The Malay are not suppose to be getting subsidies and privileges all the time. They are given such things as buffer to reach equalities with others. In time, these things have to be gradually phased out. Later everything has to be open. Only then the Malay can be at par as others. If not they will all the time asking subsidies and privileges. They will not think and grow. Malaysian, collectively have to evolve in their own perspective and grow
Malaysia now is now like an old ship sailing in the open sea. With so many leaks that have been patched. Those patches will not hold the rough seas for long. The captain should not be busy resting on his laurel in his cabin. The sail is tearing apart.
To be able to forever sail in the open sea to its destination, the captain needs to take the ship to land for major repair and overhaul. He might to evaluate the ship seriously. For at the moment, ship does not sail anymore, they run on engine!. So maybe it is good to keep the sailing patched ship for recreation once and a while (our history). We are to continue our voyage on a brand new ship.
The thing is minor revamps have been done. But it does not seem to do much good. Policies are good but most of the time the result is somewhat slow and undesirable. Most probably the orientation and the goal are wrong. I would say the aim is wrong. The standard set is low. ‘Malaysia Boleh’ but ‘Malaysia Tak Boleh’ in term of most things measured at International standards. This is why most Malaysia venture outside Malaysia fails. Construction, automotive and others fail miserable.
Malaysia is like a company. The government is the independent directors. The most important factor to be successful is the people who work in the company. It has to be the right people.
The problem is, most of the people that the work is substandard. There is abundance of potentially right people. Only that, the problem is environment and the practice does not encourage these potentially right people to be the right people. Most of these right people eventually become the main stream which is substandard. That is the reason why it needs overhaul or total revamp instead of patching. The mainstream has to be changed.
Overhaul in all aspects with regard to politic, economic, social, education and others is mandatory. The overhaul is supposed to be focused on the mechanisms and policies with human development and capabilities in mind. Period.

The obvious - what government needs to do

Budget has been table out. I should say it is generic or it is the first cut. It has to be reviewed within the next fiscal year. There is no shame in doing that. Anyhow, when needed and it happened before, the government did table out mini budget.

Mini budget should be table out within 2010 if really the measure of cutting the operational expenditure is successful. The saving from the operational cost should be channel into capital expenditure. Or else, I would say that the government is not really serious in cutting down it operational expenses. Because there is simply no results.

The Idea is

The obvious is that the government needs to rigorously cut the operating expenditure but increases the capital expenditure.

Why? The economy was bad and still bad. What does good does it bring? It brings with it corrections. So those business and businessman who do not deserved to be exist should stop doing their business and start looking for employment. They have to face the brutal reality. They can hardly sustain their business, they have no prospect and more their present makes the sector that they are in losing its profitability.

But if even these businesses ceases to exist and the businessman looks for employment, it is very hard as the economic does not allow businesses to hire new people.

So we are stuck!!!

Worthy businesses and businessman can hire more people eventually if there are more business and more spill over effects from generation of more businesses

The is why capex has to be increased. It should be focus on area of hugh potential and area where there are most employment and activities. But measures are to be taken not to give businesses from capex to companies which are not really a company. Company who does not employ people or worst, does not have employee at all.

Now that is the obvious!

Why do we work - the modern day definiton

Human initially work to survive, to sustain life and to accumulate wealth.

Modern day human thought that they are doing the same thing. They survive but barely, they try to sustain life but barely surviving. Very little succeed and accumulate wealth.

This new senario exist because of the modern financial framework. It is now easy to find credit offered by financial institutions. This is why life can be very stressful nowaday. We are living on the edge.

Why do we work nowaday. To get the financial insitutions richer. To serve debts coming from our desires and uncontrolable temptation. Who we are today? We are the servants of the bank and practically their slave.

We are getting fed up with the bank calling us up for repayment. They call us night and day. We are their slave because though we have had enough of them, there are little that we can do for we have much more debts left to pay. We may be indebted to them for life!.

The Idea is

The relevation

Why do we work? We are the bank servants and slaves.

Why is the happening? We have bad management of temptation and desires.

What bad management of desire and temptation brings? More debts because we spend more than we earn.

Why are we not so different from each other? Most of us are NOT a free men and women. For those who are unable to pay they became defaulters. For those who are able to pay, they are able spreading the repayment of the debts for a long time. So we are not free men and women.

The thing needs to be done

To fight our enemy. Who is our enemy? Our temptation and desires. Who else? Our debts.

We are to fight to reduce and to eliminate our enemy. Be there only honest debts.

The things that we need to realise

We can have things and the luxuries that we desire if we work hard and have alot of patient. Good things will come but later when we earn it.

If we are to keep whatever that we "possessed". The only way is to increase the abilty to earn and learn to control our expenditure. Else if we do not have the ability to increase and diverse our income, just stop the spending and focus on settling the debts.

Good habit

Maybe to have the dicipline to set a side at least 10% of our income into saving.

It should work!

Just a note

Dear bloggers,

Just to note something

Before, I have little interest in the country economic and politics. This is because I found out that it is messy. And that there is little that i can contribute. Very seldom that I watch the news or reads the paper. That is why instead i study underlying conceptuals because it is the essence in most things.

Then in time, as I work, i discover a lot of things. Things like the degradation of human resources quality that education system produces, the level of transperancy, competitiveness, knowledge and a lot of other things which makes me worry. I worry more because i have children.

I love the country and the people, I think we could have been much better. So I think that something must be said and I must say something and contribute. So i decided that I should start writing. It is the least thing that i can do.

Actually, I do not want to talk about politic that much as i do not contribute that much (but can't help, it is worring me). Politic determines who runs the country.

My intention is to cover as many subjects as possible in term of improvement. Tq

High income society - the anwers

It good that the government aim to build a high income society. Much effort has to be put in if it is to be realised. This effort has to be continous. It a bit like a total reform!

They have to learn how it is being done. The have to dwell into international history to know how. Pre and Post Industrilisation and globalisation. They need to know what policies to be deviced, changed and abandoned. They need to learn how other succesful countries did. What I can tell you is that it takes years of efforts and focus! Surely it wont happened in a year!

The Idea Is.

The key to high income society is knowledge society. The economic model for high income society is knowledge economy @ k-economy!

How to do it? I will elaborate on my next posting....

Budget - dilemma

We want the country to be high income earner. Hmmm...is that a true statement? Not entirely true...The country will be a high income earner country if the people earns more and able to spend more. That why introducing new taxes just to cover budget deficits is wrong. You will deprive the people while the government get more income. We are a developing country, not yet developed!. Like a newly started ventures for example company, FDI, and others there should be tax incentives to allow thing to grow. When every thing mature by all means please tax more.

The idea is

1) I just writing it short coz i dont want to puzzle people about budget. The analyst and the economist talks about budget in a ways of confusing or maybe they are themself confused!. When they are confused, other people who knows less about the economy will be even more confused.

2) The people is the one to be the high income earners. The country and the budget on the other hand should be a balanced country and a balanced budget.

There should not be significant increase or new taxes introduced!. In time, when the people earns more, more shall tax is collected automaticly!

3) All this PFI , PPP and new project scheme have the advantage to a certain degree. But the govenment has to question it necessity and priority. Too many will incur more expenditure and long term commitment in term of payment of leasing. It has to be prudently managed.

4) What we may want to do is to review all the existing operating budget of all government agencies. This includes the government invesment agencies. TRIM ALL THE FATS. Those fats has be be get rid off before the government introduce new taxes or approch growth or development by taking more loans and long term leasing commitment.

5) There is no use to tax more if the tax money is not put into good use and wasted by inefficiencies.

6) The budget should focus on increasing the people capability to earn, a balanced budget, a sustainability budget. When this budget season is over. Mega efforts should be put into trimming down the government operational cost and unwise invesment. Focus on what is important to be financed and to be invested in, and the things to be abandon (wastage) - malpractice and loss making invesment. Making full use of the existing amout of tax income given by the people not by taxing more and depriving the people.

Think about it

Opsss... one more thing...one of the way to reduce cost of development and the true intrinsic value and practice in long run to REDUCE RED TAPES AND FIGHT BRIBERY!

Decision, change and success

People desire to be succesful. People are not successful because the delay things especially decision.

The idea is

Success can be achieve almost immediate. What you do is decide to change and start doing the changes... there you are..you are successful.

Is declaring Malaysia Day a public holiday a good move?

Recently the government has declared Malaysia Day as a public holiday starting next year. It is a wise move. I think not!. Since it is to be implemented next year may be there is still time to think it over.

The previous government has declared an additional public holiday for Thaipusam. Now this.

It is good intention to declare Malaysia Day for the country integration. It may be good for the 1Malaysia idea. But what does the people get from this? Another public holiday... In time, years to come, it is just another public holiday. Most probably without the appreciation of the meaning and purpose. Why not just make it the theme for next year Independence day.

It is easy to declare a public holiday but if it is to be reviewed later, it is hard to take it back. It will be an unpopular move! So please review.

The Idea is that

We have so many public holidays. If we are to be a great nation we are to work hard and to have momentum of working. The thing about Malaysian is that the momentum of working slows down before and after a public holiday. One more thing about Malaysian is that once they slow down the momentum, they tend to take longer time to build up momentum again. What may this probably results in? Our productivity!.

Extra holidays mean extra cost. If we are to give one public holiday, we are actually losing 3 days of productivity.

How are we going to attract FDI is cost of doing business goes up and there are frequent interruption in work momentum?

Yes, we are to look at people integration. But we have already many holidays to reflect out this intention. What we need is better work culture and inflow of investment.

Think about it

Greatness and decison - the obvious

As i have written before, decision completes with action and greatness start with questioning.

All this good decision and greatness start with desires to become better.

The idea is that

Man cannot be desirous for many things at once. Man has to have a short list of the thing that he desire most.

For one reason, man can not be doing a lot of things at once without losing focus. Man has to master one thing at the time.

After having the list, what man has to do is to be keen. To be keen means having put all thoughts and efforts into the things that he desires the most.

Decision - The Secret

Life is about making decision. Decisions are made everyday by everybody and for everybody. To become a better person, one has to make more decisions. It goes with the saying "If one does not make the decision, the decision will make them".

Being human, we are not perfect. Even with extreme cautious and focus we can not make all the decisions. In many cases being human, we do not realise that decision has to be made. Of course some decisions are to be made by God.

The point is, the better the person or the better one person desires to be, he or she has to make more decisions and more right decisions. And definately in time, one will be making more good decisions. This is because in time, human will understand and learn to make better decision from life exposure. I do not want, at this point to talk about the decision making processes or tools.

The Idea Is, I want want to highlight the important and the impact.

Everyday, we are always in a situation where there are at least two choices or may be more. So when that is the case, decision has to be made. Whether to do a task now or later, whether to take an assignment or not, even as to wake up early or not and many others which are simple or the hard ones, decision has to be made.

The point is, time waits for nobody and if the decision is not made, something or somebody will make for you. Once you realise this you are better off because you know that you have make decisions.

Once you understand this, it is all about deciding. Decision is the easiest part. It is to know what is right and what is wrong. The solution is always easy if you care to think as most problems are common. You can learn from your past experience or you can refer to other people experience to know the options that you have for deciding.

Well, if most people are asked to think, they can themself identify the problem and provide the solution to their problem. All they have to do is think and focus on their problem. That is all psiciatrist do. They make their clients to think of their problems and look for the answers for themself.

Ok, let us skip the easy part. The hard part is turning the decision into action. Action completes decision. And action is where most people fails. The more action one person takes up the better and the more successful the person will be!. Think about it...

Why Malaysia a good and almost the best country?

Malaysia is such a good country. We have been in peace and harmony. We can afford to learn, we can do almost anything because of the environment. There are abundance of opportunites if one care to look.

The good things happened is mainly because of the availability of ideas with good intentions. This good intentions has been successfull translated into a good system structure.

Structure, i mean by having planning and establishment effort and agencies to help and boost education, business, health and others.

We are such a good country that these efforts a put in advance. It is being put a head in anticipation progess. This is because the country learned from other advanced country, the important of these efforts. So it has been put in place.

The idea is

The country will be the best country if

The people and organisation can catch up to utilise and leverage the facilities that are in place.

The people start to care more about this country

The people start to learn the things that they expect from this country

The people find and understand common mission and vission for the country.

What are we to do? what does the government needs to do?

As i said there are many agencies and efforts been put in place. All we to do is to think of all that are in place. List it all out. Having those vission in mind and look for the important one and abandon what is not necessary in line with the vision. Asking what is the relevent role and contribution towarn the progress that we wanted.

Having done that we should have some system and management in place to make sure we produce the results that we anticipate. Of course accountability should be in place. Consistant review should be in place.

Any government agencies that can be turn into entrepernual performance should be structure in such away. The one that run on good cause such as education and health should be structure differently by having diffrent kind of measurements which is appropriate.

Last but not least, government should allow the people for opportunities and allow people to make mistakes and learn. There should be rooms for learning continuity.

This is because both the people and government have a lot more to learn and experiment.

Being manage correctly we will be the best country. But who say buiding knowledge people and revamping government agencies to be performance driven is easy. It takes a lot of efforts and hard work!

Something every leader should ponder

Leaders are human, they would be tempted and wishes that along their tenure they somehow gain recognition of their contribution to the nation or society or institution. All leaders would like to be remembered for their significant contribution toward improvement and will want to go down well in history.

However this temptation and wishes should be kept inside and not rushed. It should be earn from their people, it a process that has to be backup by small success over one another.

Most leaders will pressured by their people who always maintain a close look on how and what they are doing. The pressure is so great, especially in the case when new leaders are given the mandate to run a new institution. They are expected to deliver stunning results the soonest and the people they lead what to grasp the vision of change and growth very early in their tenure.

Under normal circumstance, leaders will resort to throwing in drastic measure and introduce dramatic changes which will give in short term recognition. This temporary recognition will surely buy them time, but the time should be used to show the people whom they led what their pure intentions are. They should always go back to basic and think. They should not be seduced by their momentary success, get their head down and get to work in those time gained. They should not be swamp by success of their launch or announcement of their plans for the institution and start walking their talk.

When it comes to large institution or a nation, the fact is that it has been there for a fair amount of years of establishment. Thus, it will normally have some direction carried on from the predecessor. In most of the time, it has already a medium or long term direction and these institutions would already have dynamic momentum. So may be the right thing to do is to carry on the direction, do a little bit of pruning, maintaining the direction or realign and let it grow. Maybe the worst thing to do is to stop the momentum that take years to built up and changing direction for the sake of being famous which will have a great bad impact on the institution that they lead by making them confused.

If a leader is truly honest making an impact, the momentum should be continued to be built up (with small success over another rather than momentary celebrated “quick fix” which unsustainable) in time something great will definitely be surface.

All I am trying to point out is progress take time, growth has to be nurtured, vision will be realised with continuity and respect and hard work will be in time recognised especially if it is done sincerely and for the greater cause. In this case, it should be the cause of the people whom they lead.

My points may sound obvious, but most of the time leaders always forget the obvious. In turn avoiding the obvious will deter the institution they lead into greatness, period.

How to achive Greatness

Every one and every organisation wants to be great. Some people do, some people do not achieve greatness. Greatness comes with a lot of good things. It can be respect, wealth and recognition and others.

But how does one achieve greatness?. First, you have to define greatness. Greatness itself is subjective, different people define greatness in different perspective.

The is the reason why there are thousands of writing on the idea of greatness. We can not be doing all ideas to achive greatness. One has to define by oneself the meaning of greatness. Only then one can screen what is actualy applicable and needed to achive one's greatness.

Before one start confusing oneself with the multiple ideas of how to achieve greatness. The is only way to do it right. Other tools and guide to achieve greatness follows.

What one MUST to do, to achive greatness is to be able to question oneself.

Only by questioning, will one know direction, tools needed and guides which are applicable.

One need to question and given answer. The trick is to be able to come up with the right questions and sincere answers.

Maybe as a guide, maybe I am wrong, is to first ask one's purpose of life or the purpose of the organisation. One has to scrutinise the purpose, its genuinity, it relevence or maybe obsolution.

Only upon getting the right meaningful purpose, one can start to ask things like strengths, weaknesses, direction, planning, discipline, improment needed and so on.

The idea is

Questioning and answer. Once if one starts to question, one will have all the answers and know how to achieve greatness. Else one will fail and alway wonder why greatness does not rest upon them. This is because when one does not question, one will be ignorance or maybe complacent.

Good Luck!

How bad is 2009

2009 and beyond indeed will be bad and worst. It maybe somewhat better only if something changes. Definately something got to change!.

We Malaysian loves to be pampered with stories that we are able to shelter ourselves from the global economic crisis. The reality is that those sweet stories are ending. The domino effect has landed at Malaysian shore and will be spread faster than anticipated. In the long run it is a bigger challenge for us to recover and we will suffer more than the US. This is because we have less money to spare.

The fact is that it is long due. We Malaysian have been greedy as the US of lately. We have unfortunately have developed a culture of getting ridicules return in a very short time. That is why there is a lot of Malaysia has been conned by “get rich fast scheme”. Ironically, it is never ending stories Lesson has not been learned and lesson learned normally will be forgotten in short time. Conned again as Malaysia has developed a culture for the lust of gold. There is nothing wrong with the culture. It is just that way Malaysian nowadays desires to achieve it the fastest route, being too lazy to go through the process and start cutting conners.

Be it Malay or Chinese or Indian it is the same. Be it the rich or the poor it is the same. Malaysian spends time at Mamak or hotel lobby sharing stories of successful people locally and abroad. Admire them, wanting to be them, jealous about them. They try to emulate them without studying what makes them. They don’t want to spent time to seek the knowledge and the process that these successful person has gone through. The thing that they are concern of is the final product.

They get to know the process but at the venue of mamak and hotel lobby which unfortunately mostly misleading mouth to mouth stories. Malaysia are too lazy to read and learn.

Be it Malay or Chinese or Indian, all have failed in most investment. We have too great lust for gold!. We have been continuously making wrong decisions in fooled investments.

Malaysian always follow bandwagon. It is not that we are not creative it is because we are too lazy to think. Franchise for example, we admires those pioneer who invested in cafes. We think that there were margins in it. The was actualy. So as expected, everybody jumps into cafes business. Mostly failed and will failed. For some are lucky for they have spare capital to sustained the business. For some lucky on they sustained this business for having done some homework. But then, some stupidly over expand.

All unfortunately, forget to include survey of the numbers of current competitors and customer demand in their business plan. That is if they even have a plan!. Most don’t bother for “it is the current trend”!. Of course money can be made and by all means please do try. It a good way to learn. But please spend time to think, plan and decide if the model is viable. Don’t just jump!. Else, you might lose your life time saving or even end up owing.

I am giving this example as the number cafes increases not in relation with the demand making harder to sustain the business. Furthermore I have to highlight it for amidst increasing cafes locally, we did not realise that Starbuck the model that very model that Malaysia try to emulate is closing unprofitable branches for their unattractive P&L and future outlooks.

All i am asking Malaysian is to take some time to think, consider and double check their proposition. Making better decision by seeking more knowledge, reads more, conduct more studies and have conducive discussions. Be more prudent be it in good or bad time. We have been spared for there were abundance of opportunity locally.

But the fact is, everybody will be bitten for the cause “mother of correction – the global economic crisis” has arrived. The electronic manufacturing is getting bitten. Who is next? Construction? Banking? Subcontract and sub vendor? Cafes?

Should we give Najib the chance?

Najib has just taken over the premiership of the country. The question is should we give him a chance to continue leading?.

We have 10 years to realise the 2020 vision of becoming a developed country. There a lot of work to be done to realise this. Mainly, I think in terms of developing the people of the country into knowledge society, preparing the country to give better impact globally and turning the employee of the country into high income earner, to name a few.

As to compare to the his predesessor, so far he has shown some good efforts and ideas to do this.

The country has not been spared from the global financial crisis. Obviously we do not have enough money to do away with development. Money is a mean to buy time, to think, to review and plan better. He has shown some effort to get financial institutions to play some role by means of issuance and subsciption of bonds. He has also try to get fresh fund (FDI) into the country to stimulate the economy and growth.

And I would guess that more efforts would be carried out to settle the deficit. I hope and wish he is successful.

The idea is

Once he could gather all the money he needed, what would he do with it?. I am sure that he has some good idea of how he wants to utilise it. Probably learning from his experience from the previous premeirship.

If he is to be given the chance he would probably span beyond 2020. He is the one to carry the final task to accomplish the 2020 vision. Is he capable of doing it?

Well, I think he has good intention and probably deserve the chance. It is fair as the majority of the country had given a chance to the previous premiership of more than 4 years.

Or should we give the chance to other political party? The thing is at this stage, to achieve the 2020 vision, we need to have leadership continuity. But continuity does not mean we are to do same thing. I doubt the vision will be realised if we keep doing the things that we did before. We need to do improvement and abandon thing which are obsolete. Continuity means to have momentum.

So do we change the leading political party? Maybe a bit later if necessary. The opposition parties are now leading few states and if they are to lead the country they have a lot more to learn in term of management. Of course they are progressing. But they have to really ask themselves of their collective and common mission, and work on their differences. How can they make this country stable if their coaliton is not!.

Decision that we make have to be based on the 2020 vision. The vision is important. It is important for the country and its people. We have to achieve this mission. Introduction of new vision will only delay ourselve to becoming a develop nation and gets the people confused.

Let us go back to Najib.

I am pretty sure that Najib like all previous leaders have good intentions for the country. Previous leaders perform diffrently from each other in term of the results they produced. Good intentions does not guarantee good results. Good intentions remain good intentions, if the intentions are not translate into action plan. Action plans that is measured and measurable. Action plan are to be executed. The execution has to be better and effective.

So basicly, what makes leaders of the country produced different result is the way they managed the execution. The easy part is always to have good intentions let alone if intentions is appropriate, the hard part is to make sure it is carried out and effectively executed.

Maybe in order to succed, Najib may need to shortlist his good intentions and focus on a few. Let the rest of the list carried out by other ministers and make them accountable for it. Ultimately he has to focus on execution of his ideas. Good efforts put in by his people has to be rewarded. Bad efforts and execution has to be rectified. Don't want to elaborate on KPI now, may be later.

I think he has make public of some of his plans. I should think that we should give him the chance and time to do the right thing. The people may have given him some faith (based on his intentions and plans). He will get more if he start to effectively execute and produce results.

Politic can be beaucratic and induce a lot of mere busyness, it will get politician loses its focus on what is the right things to do. So Najib may want to set or review his priority and shorten his to do list and focus.

We will see how he does it. It is easy for me to say and it is very hard for him to do! Anyhow the keyword if Effective Execution.

Redefining role of GLC CEO

The term CEO is the import from US management idea. It works well initially producing outstanding consequtive financial results. Many countries like the idea because it make sense, at least in term of accountabilty of CEO to maximise shareholder's value. Thus, the word 'CEO' become a buzz then. Most CEO has then been compensated handsomely.

Until recently, the trend is that CEO's in the US fail to deliver the financial results that are required of them. They got fired. The organisation which hired them went looking for replacement. But then the new CEO also fails. Looking back, these fired CEO has the credential and did well in their previous job. The thing is they fail anyhow.

They are numerous possible reasons why it happenned.

These CEO probably been given an unachievable target in order to satisfy the need to maximise shareholder value in a short time. Of course being paid so much, they have to deliver. Being under the pressure to deliver results they probably went to the basic accounting to show better revenue. Try to improve sale and cut cost. But does it work in the long run?

Some of the CEO were sourced out side of the organisation. They fail to deliver for their ignorance to first understand the culture and the environment of the organisation of their new posting. Thus, fail to work with the people of the organisation. The lack of understanding also contributes to their failure to identify the improvement to done and the kind of compromise that they have to make. They are isolated at the top and fail without support from the people of the organisation.

Other reason maybe, 'celebrity' CEO which come to the new job. Unfortunately arrogant, who thinks they can alway delivers the numbers given to them. Yet, they fail, they forget that what makes them successful in their previous job does not guarantee the same success as new assignment needs CEO to think of different approach and tools in order to succed

The other reason is communication. It is not that these CEO do not know how to communicate. It is just that they focus their communication to the external parties. External parties are shareholders and media. They forgot that they are to bring changes and communicate. They bring about changes but leaves the communication to someone else. Normally, it is ineffective as the idea do not fully understood because it went through many layers. CEO are to do more internal communication as the bigger the organisation the more people are isolated and confused of the mission and vision of the organisation. They may not even understand the contribution that they expected of them.

There are many other reasons why they fail. But the important thing is, the country which invented the 'CEO', has been putting effort to rethink and redefine the function and scope of CEO.

The idea is,

Are we going to wait until we fail? only then will we do the same as them?. Why not do it now?

The topic here is GLC CEO. It is specific. I am not talking about PLC and private company

First, we analyse to the reason why we have GLC. The reason is that we model Japan in their effort to grow their entreprenuer. They have MITI to prepare their entreprenuer to compete globally. Their government in the past run government own organisation temporarily after the World War, as at the time Japanese enterprenuer are incapable of capital and know how. But their intention is to prepare entreprenuer.

So maybe one of the role of our GLC CEO is to help to develop Malaysian entreprenuer. Are they being measure seriously on this matter? Or are they being measured only in term of financial figure? Most GLC are monopolising the area of business that they are in. They are also given previllage in term of government policies. Thus their CEO are not to be measure the same as other PLC and private company CEO.

They should have other responsibilities and their KPI shall be different.

They maybe asked to deliver and measured in term of developing entrepenuership, human capital and other KPI with the interest of the developing the country in the long run. Not solely measured from what they produce in their quartely and yearly financial statement.