Archive for Oktober 2009

Apocalypse Averted? Reconfiguring the New Normal

Oktober 16, 2009

1. Last Oct 5th and 6th, I have the opportunity to attend and participate in the annual Khazanah Megatrends Forum.

2. This year the theme was Apocalypse Averted? Reconfiguring the New Normal.

3. There are a few business gurus, economists and business leaders present their thought and ideas, shared the experience and view and triggered a concept of what they mean by ” Reconfiguring the New Normal” . Nor Mahamed Yacop even used the simple analogy from our previous subject such as Geography, History and Biology to define what he means by “Reconfiguring the New Normal”.

4. Andrew Shang has presented an overview of his analysis of the current economy crisis. He said, the current financial failures were contributed by multiple factors as he suggested, such as:

Failure to remember History

Failures to see Macro-Systemic Issues

Failure to understand systemic implications of micro behaviour

Failure of Economic thought

5. Most of the topics presented there were related to business and economy based knowledge. They were discussing a lot about the future of Islamic Finance in Malaysia, and how this ill drive Malaysia’s economy in the near future.

6. Apart from this very interesting subject,  I would love to share the idea from Nazir Razak and Idris Jala.

7. Both of them are prominent figures in our business environment in their own respective area.

8. Idris Jala has shared his experience during his tenure as MAS CEO. He has stressed out the important of knowing your organization efficiency as this is the key factor that will drive your growth.

9. While Nazir Razak, has put in believe that ,reducing manpower during the crisis is not the best solution to help our economy rebounce back. He opt to stay with whatever numbers that they have and manage it efficiently, so that in this current global crisis the impact would be absorbed well.

10. Overall, we have a long journey to define what types of economic philosophy that we believe to ride on and the impact to our global citizen is manageable if said, this 10 years economy crisis cycle is there and will occurred as it is.