From Good To Great: 7 Characteristics

Seven characteristics of companies that went “from good to great”:

1.  Level 5 Leadership: Leaders who are humble, but driven to do what’s best for the company.

2.  First Who, Then What: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions.

3.  Confront the Brutal Facts: The Stockdale paradox -Confront the brutal truth of the situation, yet at the same time, never give up hope.

4.  Hedgehog Concept: Three overlapping circles: What lights your fire (“passion”)? What could you be best in the world at (“best at”) What makes you money (“driving resource”)?

5.  Culture of Discipline: Rinsing the cottage cheese.

6.  Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.

7.  The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.

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Any Good News in the coming Budget 2013?

With effect from YA 2010, the employment income of a resident individual who is a knowledge worker in Iskandar Malaysia, employed in qualifying activities, is taxed at 15%.

Whether Director’s fees would be given the tax rate of 15% flat, for all Malaysia tax resident company directors, too in the coming Budget 2013 and also, will individual tax rates be reduced by 2 – 3%?

Further, will corporate tax rate be reduced by 1 – 2% in the abovementioned Budget?

Wait and see the Malaysia Budget 2013 which will be tabled on 28 September, 2012.