Tsang Junhua's column｜The era of the big food is over

Financial News

Author: Zeng Junhua

2020-10-12 07:00

Last update date: 2020-10-12 07:00

About the author: He has served in the government for 35 years, former Financial Secretary John Tsang (John), whose image of uncle potato chips is deeply rooted in the people.

After the self-willed John "snap the guns", he has no fixed position and enthusiastically participates in different activities.

In addition to founding the non-profit organization "Uncle Potato Chips Co-Creation Society", he is also the host of commercial radio music programs and the fencing coach of La Salle College.

In recent years, as Bowtie's senior consultant, he has played the role of future builder.

His vision is that all Hong Kong people can be protected and truly enter a new era of self-protection.

One minute may seem trivial; but if you can grasp it, one minute is enough to change your destiny.

I wonder if you have ever been to the highest observation deck in Hong Kong-sky100.

Living in an urban area full of high-rise buildings, I have long been accustomed to towering buildings. What really arouses my interest is the elevator that travels hundreds of floors in just 60 seconds.

Not only me, but also the world-renowned Startupfest, and the Hong Kong Science and Technology Park held Asia's first global elevator fundraising competition in less than 100 square meters of space.

As long as participants can make good use of this fleeting time to promote business solutions, if they can impress the judges, they have the opportunity to obtain up to $100,000 in seed funding.

There is no fancy briefing, just a paragraph of speech will enable others to imagine the future in your eyes, and it will take one minute to decide whether you can win with your idea to change.

In the past, when doing business, almost every day, you can see that different big companies are merging and acquiring smaller-scale counterparts. It is "big fish eat small fish"; but with the advent of the all-digital era, the above-mentioned business model has been unknowingly Being subverted from time to time, more is to adapt to The New Normal, "fast fish eat slow fish" things happen from time to time.

Speed ​​is the key to survival today-large companies may not be able to survive the new wave, but most of the companies that are capable of action will surely gain a foothold in the market.

Speed ​​is the key to survival today, and this is the way of doing business "fast fish eat slow fish".

(Provided by the author)

If you want to be a "fast fish," you must not only swim fast, but also learn to eat.

Nowadays, the social information transmission is so fast that everyone can see the idea of ​​turning stones into gold in about the same time. Speed ​​and accuracy have become important factors in determining success or failure: "Quick, ruthless, accurate" people can win.

When Facebook had only 3 million users, MySpace, which was also a social platform, had nearly 20 million users. However, MySpace enjoyed its success, ignoring the user experience and even the need to continuously improve the platform.

Facebook noticed that MySpace’s biggest weakness at the time was that ads affected the user experience. It then accelerated the launch of a self-service ad delivery system. The ads would match the customer groups expected to reach. It also opened the platform to the public first and launched the “Graffiti Wall” function. Satisfy the individual needs of users, accurately establish a moderate space between business and users, and become today's technology giant.

In each era, there will be a group of leaders who can use technology or ideas to determine the future development direction of the entire society, and even the world.

During the epidemic, the most dangerous places are the hospitals and clinics where patients gather.

Many people with chronic diseases are afraid to go out for follow-up consultations because they are worried about being infected.

Some medical institutions immediately made good use of technology and launched video consultations so that medical staff could make preliminary diagnosis for patients through the screen, and then make further arrangements according to their situation.

This will not only achieve the effect of diagnosis and treatment, but also reduce the flow of hospitals. I believe that remote medical care can gradually assist the local medical system.

The rise of telemedicine can also take care of the elderly who are inadequate to a large extent, enabling them to seek help from the medical team with the machine in hand, which is convenient and time-saving.

In addition to "fast", a multi-angle thinking and analytical ability is indispensable.

There is a deep-sea fish whose field of view can be as high as 360 degrees. In other words, they can see a side of the world that humans can't see, and our field of vision should be so wide.

Remember the "knowledge doubling curve" I mentioned earlier?

The modern human knowledge base doubles every 13 months, so we must be used to actively changing our mindset and thinking, and we must not be afraid of change, but also continue to learn with a mentality of mutual growth.

After all, society is advancing rapidly, and science and technology are changing with each passing day. Ideas that were previously impossible to achieve can now be easily solved with innovative technology.

Only by constantly humbly understanding and contacting new technologies can we move on to a higher level of prosperity.

In addition, in the current society where every second counts, everyone and every company should have crisis awareness, try to predict the development trend of things in advance, and make appropriate plans.

In other words, there is a Plan on the left hand and a backup plan "Exit Plan" on the right to prepare for emergencies.

A truly visionary person will think about everything, prepare himself for the future, and make sure he can deal with it calmly under sudden changes.

Both enterprises and governments have different positions and responsibilities in leading changes.

As mentioned earlier, the government structure is huge, and in most cases it can only passively respond to some demands.

Firstly, enterprises have the space to control and plan their future freely. Secondly, they have the conditions to try new measures. They can "open bridges" for innovative projects, explore the way for the government first, and drive bottom-up change.

There are countless examples of fast fish eating slow fish in Hong Kong.

(Provided by the author)

During the years I have been in contact with start-ups, I have seen many outstanding ideas and talents, and have also heard many doubts about the business environment in Hong Kong.

When Pangu opened, Hong Kong, which was a small fishing port in the past, was not a "big fish", but it is definitely a "fast fish" in this vast ocean.

There are countless examples of fast fish eating slow fish in Hong Kong. For example, in late 2017, the Insurance Regulatory Authority first announced the acceptance of virtual insurance license applications, and Bowtie immediately began to prepare for the application. Even without a large team or support, it can still use about In one year, the first authorized virtual insurance company in Hong Kong was established, officially leading the traditional insurance industry that has been standing for a century to start again.

In fact, Bowtie's initial team was only about 30 people.

In martial arts in the world, no firmness will not break, but quickness will not break.

I hope that everyone will not be presumptuous. Although this year has been extremely difficult, it is not the first time Hong Kong has encountered a crisis, and our city is not as good as others.

Hong Kong people can always overcome obstacles and create brilliant legends, and we will surely survive the night.

"No dawn is the same." What kind of dawn will we see this time?

Let us wait for it.

The people of Hong Kong stay at night and work hard for life, just to welcome the dawn in the dark.

(Provided by the author)

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