>> MIM Speaks
STREET-SMART ON THE GLOBAL FRONT
MARCH 31, 1996 -
THE STAR
By Dr Tarcisius Chin
FOR too long Malaysians have been too inward-looking,
preferring the certainty and comfort of seeking employment in
the local labour market. This mind-set is reinforced by the
country's favourable employment market.
But as we pursue business opportuties overseas and
increasingly contribute to our role as an international
pokesnation, it is important for us to have more Malaysians
serving overseas in highly respected and influential
positions.
Pax Britannica was facilitated by the large number of British
personnel serving in outposts spread across the globe in the
Victorian era; nowadays Japan Inc not only is visible for
electronic products but also for the number of Japanese
expatriates in the international marketplace. There is no
economic power operating in the global economy which is not
strongly supported by a vigorous expatriate community.
Historically, Malaysia's economic success has been
attributable to international trade, beginning with primary
commodities and new, more significantly, with manufactured
goods. With the World Trade Organisation and increasing
global competitiveness, the key to future prosperity lies key
our ability to trade in intellectual property and in products
and services fashioned by human creativity.
The historical relocation of businesses to Malaysia from
Japan, United States and elsewhere to benefit from low labour
cost is no longer defensible as our neighbours are already
much lower-cost locations. More recently, we have been moving
offshore to China, Vietnam, Myanmar and further away into
South Africa and Argentina, doing business and becoming
ourselves an overseas investor.
This new dimension opens a window of opportunity for
Malaysians to work overseas and become expatriates. There can
be no better learning experience for-a manager than to have to
deal with a set of different assumptions about workers'
behaviour, government regulations, and living conditions. It
will be a rude awakening for many to realise that management
practice is culture bound.
The precursor to the Malaysian expatriate is the international
civil servant comprising members of our foreign service plus a
small band of professionals who serve in international
agencies such as the World Bank in Washington and the Asian
Development Bank in Manila, and academics attached to overseas
universities. They have done well and Malaysia is richer by
their experience and by their influence and contribution.
One institution that has attracted some of our brightest
peoples is the World BankAndrew Cheng from Bank Negara,
Robless from EPU, Cheong Kee Cheok from Universiti Malaya, Joe
Manikavasagam from Tractors, and several others.
But Malaysia is still under-represented and the bank is now
seeking the services of economists and professionals with
experience in privatisation, energy, environment and social
science and the service-oriented sectors to contribute
particularly to work with the Eastern European countries.
Service with the bank for a few years should do wonders to a
candidate's CV and should broaden his view of the world.
Besides obvious professional qualifications, a good command of
the English language is required, both for oral presentations
and for writing reports. Knowledge of other languages may be
required depending on countries of assignment.
There are, of course, other opportunities elsewhere and
Malaysians should consider committing a few years to
international service. The experience gained, the network
established and the confidence developed should add to our
national inventory of human talent to take on the
international marketplace.
There is also the educational route to gaining international
understanding. Several universities, for example, have
introduced MBA degree qualifications designed to develop the
international manager, including offshore placements of
students. One educational opportunity for Malaysian executives
is the MBA in international Management organised by RMIT of
Australia in co-operation with the Asian Association of
Management Organisations (AAMO), a regional body with a
membership of 13 national management organisations, with
Malaysia represented by the Malaysian Institute of Management.
The future is the global economy with little or no barriers.
Much has been said of Asia driving the global economy. But
much of Asian prosperity has been derived front corporate
deals and diversification. In time to come the
entrepreneurial aspect of will help sustain growth continuing
development.
Michael Porter of the harvard business School has; on the lack
of strategic focus of Asian business. The experience of many
US corporations tells a tale of diversification only to be
followed subsequently by divestment to concentrate on
businesses where the firm has clear competitive advantage.
As Malaysia progresses, it is important that we assess our
competitive strengths and strategically move into businesses
in which we can be the pacesetters. To do this effectively we
need competent managers who have a sense of where and how we
can profit from the global economy and to excel in our chosen
fields of endeavour.
We need thinkers and we need managers who know, through direct
experience, how to exploit the international marketplace. We
need more Malaysians who are street-smart in international
business.
|