The story of Crab Hot Pot – CEO of Mekong Capital sums up corporate governance lessons: How to get the unruly crabs to cooperate and escape from the boiling hot pot?
Mekong Capital is the first fund management consulting firm in Vietnam established with the sole aim of investing in Vietnamese private companies. Mekong Capital is well known for its investments in ICP (personal care products company with the X-Men brand), The Gioi Di Dong, Golden Gate, Masan, Traphaco, PNJ and Vietnam Australia International School. (VAS)…
Successful investment deals of Mekong Capital. Source: Business Homepage
Behind the development of Mekong Capital is the CEO and Founder born in 1972, Chris Freund. This man officially came to Vietnam in 1994 and has over 21 years of experience in direct investment management, including 18 years working in Vietnam.
Prior to founding Mekong Capital in 2001, he was Vice President and Portfolio Manager of Templeton Emerging Markets Asset Management, a subsidiary of the Franklin/Templeton Group.
Chris worked for Templeton in Vietnam from early 1995 until mid 1998, then joined Templeton Singapore from June 1998 to March 2001, where he was responsible for investments in Vietnam, South Korea, Taiwan and Israel.
Known for his successful deals in long-term investments in Mobile World Company, Asia Chemical Company and Loc Troi Group, Chris is also a member of the Boards of these companies. Being so successful and famous, people will probably be surprised to hear this CEO say that he once had a period of deep self-doubt.
Most of the business world knows Chris as an in-depth investor, but not many people know that Chris researches in-depth. Buddhism. This more or less influenced his later changes in self-perception.
In the talk show to launch the book “Crab Hotpot Story” on March 25, Chris Freund had interesting sharings about himself associated with the development path of Mekong Capital. Talkshow is co-hosted by Alpha Books, Mekong Capital and Insider.
In the process of formation and development from 2003 until now, Mekong Capital has faced many challenges, such as choosing businesses to invest in in the early stages, or later, the problem of people management. . The CEO describes his organization in the book “Crab Hotpot Story”: “At that time, Mekong Capital was like a “hot pot” mixing aspects of people such as: newcomers, people who know how to prepare, people who are not good enough, lonely people… unable to find a common voice. ”
The difference in opinion, perspective and personality of each person has made it impossible for the team to look in the same direction. So much so that CEO Chris Freund was caught in the middle of thinking: “I’m a victim of everyone in the company. Why can’t everyone do my job well? Why am I trying to create a work environment? ok but people are still not productive?”
There was even a time when he doubted himself: “Or do I have no leadership qualities?”
In the midst of a stalemate, Chris happened to know and signed up to participate in a 3-and-a-half-day self-transformation course in Singapore called Landmark Forum. While taking the course, he began to discover that all the problems that had arisen before were rooted in himself.. After that, he trained himself to transform himself to become a change leader for Mekong Capital.
“Changing my self-concept has given me the strength to make commitments. I am committed to the future of Mekong Capital, to the growth of the companies Mekong Capital invests in“, Chris said.
At the end of the transformation program, Chris decided to partner with Landmark Education to organize similar courses for the entire Mekong Capital team, led by Jerome Downes – the head of Landmark in Asia. December 2007 marked the beginning of the transformation in the Mekong with the appearance of the first transformation programs in Vietnam.
The transformation of Mekong Capital did not go smoothly at first when many members disagreed. Convinced that transformation is inevitable, Chris did not think about the effort to inspire key members about why Mekong needs transformation, so many employees do not understand and they do not. want to join.
Only when Mekong determines which core values are important and builds a corporate culture based on those core values will it attract more members to actively participate in the experience and support. this transformation.
In addition, Chris et al are also deeply aware that companies often achieve success when they have a clear vision for the future, empowering individuals who are building management and leadership teams. strong, as well as creating a strong cultural foundation and core values.
Drawing from the story of Mekong Capital and the businesses that have invested, Chris writes a lesson about change to build the core value of each person and the whole business.
The original stories were written by Chris and uploaded to Mekong Capital’s Story library, which was loved by many employees. By mid-2020, Chris officially wrote the book Story of Crab Hot Pot with the desire to direct the team’s attention to what is supposed to be effective.
Pictures of the talk show on March 25, 22 to launch the book “Crab Hot Pot Story”. Mr. Chris Freund CEO of Mekong Capital – the person in the middle
The story uses metaphors with the image of a group of crabs discussing together to get out of the boiling hot pot to save their lives, simulating many stubborn personalities (like crabs) in a business / nest Organizations/projects are struggling to find a way to reach consensus and find a common voice to overcome adversity.
It is an overall picture of what has been, is, and will happen in each business. Thereby helping them change their outlook and leadership so that the ‘crabs’ can survive and reach the future. Crabs with different names represent personality types including Acceptance Crab, Existential Crab, Future Crab, Self-Discovering Crab, Loving Crab, Result Crab, Recalling Crab prompting each reader Connect with yourself or those around you.
The image of the book “Crab Hot Pot Story” was written by the CEO and Founder of Mekong Capital based on the true stories of the enterprise.
Chris Freund – CEO and Founder of Mekong Capital in a talkshow on March 25, 22 emphasized the power of self-reflection, mutual recognition and company recognition “My conception now Are you giving me Strength or preventing me from succeeding?”
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
