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Personal Positioning for Tomorrow's Challenges: Insights on Strategic Adaptation

In a rapidly changing global landscape, achieving personal positioning is vital for navigating complex economic and geopolitical environments. This presentation by Steven C.M. Wong at Taylor's University College addresses the implications of easy money, resource misallocation, and the convergence of geoeconomic concerns. Emphasizing the importance of values, skills, and adaptability, attendees will learn how to enhance their cognitive abilities and manage personal development strategically. Discover actionable insights on overcoming challenges to thrive in a competitive world.

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Personal Positioning for Tomorrow's Challenges: Insights on Strategic Adaptation

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  1. PERSONAL POSITIONING FOR TOMORROW'S CHALLENGES "THE RIGHT STUFF” 9/4/2010 @ Taylor's University College Steven C.M. Wong Assistant Director-General Institute of Strategic and International Studies (ISIS) Malaysia steve@isis.org.my

  2. Overview

  3. World awash in money Easy but not painless: Easy money, fiscal spending-led recovery; wealth illusion on a grand scale; value unhinged; speculation & risk management industry • Liberalisation globalisationfinancialisation • Inflated asset & commodity prices • Awesome pay packets for the few • Massive resource misallocation – capital hoarding • Shifting of liabilities to the next (your) generation >>VALUES, BELIEFS & ATTITUDES<<

  4. World of tensions & tradeoffs Fractious times: Convergence of geoeconomic and geopolitical concerns; highly advanced economies also most highly indebted; trade, investment, currency battles; rise of economic nationalism. • End of the public debt road approaches • Strong arming to appease domestic voters • Unemployment – employment trends are worrying • Shift of centre of economic gravity to Asia • Decoupling myth - someone kill this please >>COGNITIVE ABILITIES<<

  5. World - deficit & debt driven

  6. World competing for supremacy Strategic maneuvering: Business concentration through global M&A. Splitting up of value chain. Technology race replacing conventional arms race. • Control of capital vs. capital controls • Investment decisions vs. industry leadership • Management across borders (i.e. diversity) • Multiple skill sets required • Organization & project management >> KNOWLEDGE & SKILLS <<

  7. Behavioural imperatives Howard Gardner, Five Minds for the Future, Harvard Business School Press: Boston, Mass, 2007

  8. Behavioural Imperatives Daniel Goleman, Richard Boyatzis & Annie McKee, Primal Leadership, Harvard Business School Press: Boston, Mass. 2004

  9. Behavioural implications

  10. Personal positioning • Norms • Habits • Cause-and-effect • Morality & ethics • Sacrifice • Cooperation • Sharing • Participation • Competition • Competition • Goal-setting • Achievement

  11. Personal positioning • Values, belief & attitudes are ‘given’; form or be formed; set/reset anchors; invest wisely • Opinions count but are not all that count; age of ‘instant’ experts; instead question & reflect • Excellent communication expected but not enough; talk is getting cheaper by the day • Mental agility must take its place alongside values, ability & knowledge; otherwise ‘misguided’ missiles result • Predigested and prepackaged knowledge is creating parrot & ‘cut-and-paste’ generation’; be creative “Price is what you pay. Value is what you get.” -W. Buffett

  12. Personal positioning • Look for opportunities to practice & perfect your crafts; take shortcuts at your own cost • Remember cultural capital: language, norms, etc. Key word is resonate • Don’t underestimate power of the Internet but don’t overestimate it ; blogs, tribes, Facebook, etc. • Be practical; identify mentors, enlist co-conspirators; network allies & partners, resonate • Any endeavour or change will encounter resistance & apathy; master cooperation; expect & engage “Success if not final, failure is not fatal; it’s the courage to continue that counts” – W. Churchill

  13. Personal positioning • 1. | Conduct a time inventory/audit; understand self first; discover conflicting goals; time traps • 2. | Devise personal information acquisition & reflection strategies (and not just text books & blogs either) • 3. | Get interested, get energised, get informed, get out there • 4. | Take consistent & concerted personal & group action Thank you for inviting me to share

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