LEADERS need to be brave to make risky and ambitious decisions in order to succeed says management expert Tommy Weir.
Pangkor International Development Dialogue (PIDD) 2015 keynote speaker Weir said leaders need to take risks to grow.
“Leaders need to be brave, dare to take risks and to create something to live out their dreams.
“Growth doesn’t show up automatically, one has to take risks,” he said during the opening of the PIDD at Casuarina@Meru Hotel in Ipoh on Monday.
“To grow against the odds, one also needs to be ambitious. We should be sprinting towards growth, not walking,” he added.
Weir, founder of the Emerging Market Leadership Centre, gave an example on the growth of Emirates Airlines.
“Amid surging oil prices, the Arab Spring and tourists stopped travelling to the Middle Eastern countries, Emirates Airlines still managed to earn US$1.6bil (RM6.8bil) in 2011.
“With many other airlines suffering losses and cutting costs, Emirates Airlines continued to invest into its business. They spent US$15bil to buy 58 aircraft,” he said.
“There were some people calling them crazy. When the profits came in, people were praising them,” he added.
Weir also said that leaders need to stay focused on the future and not let anything get in their way.
“The economic downturn is just temporary, it will improve.
“But people are too obsessed with the fluctuations of the economy and markets and they panic when the market drops,” he said.
“We must lead today for tomorrow. We must stay focused on the future,” he added.
Weir said another habit of an examplary leader is the ability to create an environment for others to succeed.
“We should grow together, not at the expense of others.
“It’s the leader’s job to help employees grow, to mutually get better,” he said
“It’s not about getting better individually but also to ensure the growth of those around us,” he added.
The three-day PIDDevent, held between Oct 19 and 21, drew about 600 locals and international participants.
Themed “Implementing Sustainability for Inclusive Growth”, the event consisted of plenary sessions, keynote sessions, leaders’ dialogue, and an exhibition. The event this year featured a new highlight, satellite events, at the hotel.