The Star Online: Business
The Star Online: Business |
- Would you stand up and disagree when your boss is wrong…?
- KPJ Healthcare to maintain dominance in local market
- Malaysia gets high marks from IMF
| Would you stand up and disagree when your boss is wrong…? Posted: 29 Apr 2013 06:42 PM PDT MALAYSIANS are an interesting lot. The recent political rallies and campaigning have seen many people standing up for what they believe in and outrightly disagreeing with what they believe to be wrong. But I suspect few of them would say yes if asked, "Would you stand up and disagree strongly against your boss if his decisions are obviously wrong?" It almost seems like we dare to take a stand at publicly with large groups but will retreat privately to our agreeable selves in the office. With election day looming, the political parties are hard at work putting on perhaps the most intense campaign Malaysia has ever seen. The months building up to this Sunday have seen feuds between party members and the heads. I believe for every few who have voiced out their disagreement, there are many more who are probably passively discontented but still did their jobs accordingly. Translating this to our corporate context, it is not uncommon too to find employees who disagree with their bosses but proceed to carry out their work. In a past article (StarBiz, March 5), I looked at Talent-Motive Alignment. For today, let's explore a little more on the misalignment of ideas and values between you and your superiors your manager or all the way up to the chairman of the company. But what's different this time is that it may seem as though your hands are tied and the bad decisions made automatically mark you guilty by association. So, what if you are asked to carry out a task that you disagree it with and how do you deal with it? The textbook advice is of course to ask you to switch off your brains and just take orders OR get another job! But let's look at some scenarios and see how we can go beyond the normal reactions. ● You and your boss have a differing perspective/values If your boss believes in hiring externally instead of promoting internally like you do, then, it is a matter of weighing the pros and the cons. There is no need to go head-on just yet with a debate. Instead, tactfully present the pros and cons of each option. Subtly cite examples with pit sounding condescending. I see no reason to leaving the company just yet. While you stay on and try to influence your boss, be open-minded too to see the pros and cons of his preferred approach. However if it is a matter of differing values and your boss's approach seems to harm others, then try to first understand his beliefs, explain why it is not benefiting others. ● An obvious bad judgment You can almost predict the outcome of the decision but your boss just doesn't or won't see it. In cases like this, no convincing will do much help. Instead, strike a friendly deal with your boss that if the outcome is bad as you predicted, the next time this scenario arises, you get to make the call. That is, if it's not a crucial decision that has deep impact. ● Directives from the board or higher authorities Many times, direct decision makers are surpassed when orders come from the highest floor of the office. In cases like this, impact of decisions from the board can either be drastic or neglect-able. If many of your colleagues do not agree with the board as well, gather a group and cordially ask one of the decision makers to better understand the justification behind it. If you and your group of colleagues still strongly disagree, then it should be made known with good justifications as well. Ask for an explanation from the board. Until then, if you don't receive a satisfying response, then consider if this is the company that you still wish to work for. Change and demands for change at your workplace don't need to result in a protest. You can request for reasonable explanation for what you don't agree with. I would like to believe that there are some bosses and boards of directors who would respond sufficiently if we would ask politely using our magic words please and thank you! ● Elisa is head of talent assessment in Leaderonomics and has worked with conventional Baby Boomers bosses, demanding Singaporean bosses, young and modern Gen X bosses of all races and ages. She has learnt that most bosses are unique and somewhat reasonable most of the time. |
| KPJ Healthcare to maintain dominance in local market Posted: 29 Apr 2013 06:37 PM PDT KUALA LUMPUR: KPJ Healthcare Bhd's aggressive expansion plan of two new hospitals per year could help maintain its dominance in the local healthcare sector, said RHB Research. In addition, its active pursuit of the lucrative healthcare tourism market could lift its profile over the longer term, it said in a note. "The management has reaffirmed that the company would stick to its internal target of opening at least two new hospitals annually to meet its longer-term goal of owning at least 40 hospitals by 2020," RHB Research said. The company has targeted revenue contribution from medical tourism business to grow to 25% by 2020 from the current 10%. The research house said KPJ intended to transform three of its existing hospitals at Damansara, Johor and Ipoh into reference centres for oncology treatment. These hospitals would be upgraded to include new facilities in oncology and radiotherapy treatment, while an additional nuclear medicine facility would be introduced at the KPJ Johor Specialist hospital by second quarter of 2013. RHB research said KPJ has earmarked its new flagship hospital in Bandar Dato' Onn as a medical tourism hub. "We are positive on this, as KPJ's bold move into the more competitive but lucrative medical tourism industry, could lead to improvement in margins over the longer term," it added. Upon opening in 2014, the hospital will house six centres of excellences in the field of oncology, women and child, cosmetics and reconstruction, orthopedic, cardiology and geriatrics. "Services would be priced competitively to tap into the more price-sensitive foreign community from Singapore," it added. RHB Research has maintained a "buy" call on the stock with a revised fair value of RM7.14. — Bernama |
| Malaysia gets high marks from IMF Posted: 29 Apr 2013 06:32 PM PDT KUALA LUMPUR: The International Monetary Fund (IMF) has ranked Malaysia highly among developing countries in terms of showing institutional strength which covers areas such as political stability and better bureaucracy. The index measuring institutional strength ranges from zero to 100 with a higher score indicating strong political stability, better bureaucracy, fewer conflicts and less corruption. Malaysia scored in excess of 70, way ahead of Indonesia, India, the Philippines and even higher than China which also featured highly in the rankings, IMF said in its regional economic outlook for Asia and the Pacific. It said countries with greater political stability stemming from government unity, a strong Parliament and popular support, as well as less corruption and a better bureaucracy are more likely to resist the temptation to expand public spending during boom times. As a result, it would create more fiscal space for counter cyclical fiscal policies during downturns, the Washington-based agency said. It added that distortive food and energy subsidies, which impose a direct fiscal cost of more than 2% of Gross Domestic Product per year in China, Indonesia, South Korea, Malaysia and South Asia, could be gradually phased out. IMF also said that they could be replaced by targeted programmes such as direct cash transfers. Malaysia has already instituted a cash handout programme called 1Malaysia People's Aid or BR1M aimed at reducing the financial burden of the lower income and unemployed group but it is not related to subsidies. Bernama |
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