LEADERSHIP FROM THE LEGACY OF LEE KUAN YEW

LIM SIONG GUAN Group President, GIC Private Limited ITE's REAL Leadership Learning Series 29 May 2015

“The people who are crazy enough to think they can change the world are the ones who do.”

Apple’s “Think Different” Commercial, 1997

THE LEGACY OF LEE KUAN YEW

• The substance is the evidence

• The spirit is the legacy

• 1959 > 1963 > 1965 > 1990 > 2004 > 2011 > 2015

SINGAPORE

A testimony to human enterprise and imagination

LESSONS FROM LEE KUAN YEW Stand Up for Singapore

Integrity and Trustworthiness – The Singapore Brand

Nobody Owes Us A Living or Our Existence

The Public Sector for Successful Government

The Private Sector for Successful Economy

The People Sector for Successful Community

Talent Drives Success

Be Realistic – Take the World as We Find it

Do Not Presume the Future – Take Nothing for Granted

Leadership is Key

PRINCIPLES OF GOVERNANCE

• Leadership is Key

• Anticipate the Future; Stay Relevant

• Reward for Work; Work for Reward

• A Stake for Everyone; Opportunities for All

TRUST

is the Most Important Currency for Long-Term Relationships

Parents and Family Friends and Relatives

Bosses, Colleagues and Subordinates Business Partners and Customers

Government and Community

HONOUR

IS THE

FOUNDATION OF

TRUST

WIN IN

BUSINESS

WIN AT

LEADERSHIP WIN AT

WORK

WIN IN

LIFE

WIN AT

HOME

“The only definition of a Leader is someone who has (willing) followers.”

- Peter Drucker, Foreword to "The Leader of the Future"

PERSONAL LEADERSHIP

PROCESSES PRINCIPLES

PURPOSE

PEOPLE

Making the Future

“Harness the Creativity of Our People”

“Be The Best We Can Be”

“Be In Time for The Future”

VISION ENGAGEMENT

INNOVATION

GEESE Leadership

• Individual Best • Team Achievement

• Customer First • Quality Delivery

• Creative Innovation

• Continuous Improvement

Effective Execution

Culture & Values

What and How we THINK and Why

What and How we DO and Why

People want bosses who:

Guide Empathise Energise Synergise Embolden

G.E.E.S.E. LEADERSHIP

× ×

× × ?

Life Attitude

Wealth Level

Rich

Poor

Poor Rich

WEALTH ATTITUDE GRID

FUTURE LEADERSHIP

Every day the gazelle wakes up knowing that if it can’t outrun the fastest lion, it’s going to be somebody’s breakfast. Every day the lion wakes up knowing that if it can’t outrun the slowest gazelle it will go hungry.

Old African Proverb

“

“ It doesn’t matter whether you’re a lion or a gazelle – when the sun comes up, you’d better be running.

Richard Hodgetts

“

“

Failure to Learn from the Past

THREE FATAL FAILURES

Failure to Adapt to the Present

Failure to Anticipate the Future

Failure to Change in Good Time

Failure to Change in Good Times

FAILURE IN SUCCESS?

WHAT THE FUTURE HOLDS • The Potential of Nations

• Competition is Between Nations

• Emerging Challenges

• The VUCA World

• Little Red Dot – Private vs. Public Space

• No. 1 vs. No. 2

• Compass not Map

• The Millennials

21

CHANGE LEADERSHIP

It must be considered that there is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle, than to initiate a new order of things. Lim s

For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders in all those who would profit by the new order.

Niccolò Machiavelli

“ “

PLAN

ADJUST CHECK

DO

CHANGE MANAGEMENT

24

CHANGE LEADERSHIP

BARRIERS TO CHANGE

Sure fail one lah

不可能的事

Mustahil

不实际

Too busy

BARRIERS TO CHANGE

PEOPLE BARRIERS

• KNOWLEDGE

• BELIEFS

• CONFIDENCE

• POWER

RESOURCE BARRIERS

Leaders must seek all the time to make sure that their organizations are “in time for the future” by • Believing that performing well today is not good enough

• Ensuring that the team is equipped with the following to continue succeeding into the future:

Strategic Perspective Ambition Imagination Market Awareness Equipment and Technology Human Skills and Capabilities

WINNING IN A GLOBALIZED WORLD

PROCESSES PRINCIPLES

PURPOSE

PEOPLE

Making the Future

“Harness the Creativity of Our People”

“Be The Best We Can Be”

“Be In Time for The Future”

VISION ENGAGEMENT

INNOVATION

GEESE Leadership

• Individual Best • Team Achievement

• Customer First • Quality Delivery

• Creative Innovation

• Continuous Improvement

Effective Execution

Culture & Values

The only way to avoid making mistakes is not to do anything. And that, in the final analysis, will be the ultimate mistake.

Dr Goh Keng Swee Former First Deputy Prime Minister of Singapore

“ “

Leadership is making (good) things happen,

which on their own would not happen.

The people who are crazy enough to think they can change the world are the ones who do.

Apple’s “Think Different” Commercial, 1997

“ “

Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful . . . That’s what matters to me.

“ “

Steve Jobs on Wealth

No matter how successful you are in your career, you must always remember that

we are here to live.

If you keep yourself busy working, you will surely regret it.

“

“

Jack Ma, Founder, Alibaba Group

I always tell myself that we are born here not to work, but to enjoy life.

We are here to

make things better for one another, and not to work.

“

“

Jack Ma, Founder, Alibaba Group

WHAT THE FUTURE HOLDS • The Potential of Nations

• Competition is Between Nations

• Emerging Challenges

• The VUCA World

• Little Red Dot – Private vs. Public Space

• No. 1 vs. No. 2

• Compass not Map

• The Millennials

LEADERSHIP FROM THE LEGACY OF LEE KUAN YEW

LIM SIONG GUAN Group President, GIC Private Limited ITE's REAL Leadership Learning Series 29 May 2015