That is so completely true .... It's all about making money no matter who dies ...
Then again, I'll probably be the same when I run my own ... :hmmmm:
this is one problem probly not only happen in malaysia, but the whole asia. We have many people studied HR management, and even strategic HR management in higher level from the universities but not much have the chance to practice it because the constrain of the resources offer by their management.
asian companies(except japan and korea) tend to have a few identical culture:
1) low empowerment, mainly boss and his relatives are authorise in decision making and no clear identification on B level and C level management in many companies even they are sizeable.
2) no solid and clear long term vision for the company, most of the time the vision of the company is just to make money and make more money. some other vision like market share increase, cost reduction(most favorite term) and more product/services are not linked and align well with a strategic goal which should be aim to keep and enhance the company growth and competency. Many so called vision or strategic goal of the companies are gimmicks more than a true mission.
3)no long term plan to grow the company. Infrastructure like communication network , organisation culture shaping, career path for employee,talent retention, training plan, work life balance program are not handle seriously and link to the strategic goal. This is one of reason many asian companies having bottlenecks to grow into global level and stuck in regional or even national level.
4) low collectivism , employer loyalty and motivation. Reluctant to build a truly performance linked reward/benefit system and profit sharing so employee are not motivated and thus not loyal(high turn over rate) and not fully utilise their capibilities. Without a devoted team, its hard to compete in the global market while the competition is tough.Ironically, i see some companies even proud of being able to offer the package to their staff below the market rate, they think they are very smart so that they can pay less and still have people to work for them.And some make the work hours longer so that they can save on headcount as they anticipated 1 person can cover 1.5-2 person role, but infact they exploited the worker and the out put qualify is declining.
I seen many asian companies are purely rely on the ability of the boss to substain and they meet bottleneck to grow in global market because of the above reasons.IF you worked in MNC and local company before you will be able to feel the big difference.
Perhaps you will say i am not the boss so i dont understand, but i do really hope to see more asian companies(other than korea and japan) get into the family of Global fortune 500 so that we dont have to let the western world dominate the global economy so much.
Look around us, those big names we know. How many of them are from Asia except (Japan and Korea)? If this continue, and the globalisation will eventually wipe out the local businessnes so the market will be highly dominated by the foreign companies in the next 50 years.