Global Health Asia-Pacific September 2020 September 2020 | Page 60

Column Some companies are surprised to learn that their customers actually care about how you treat your employees. It’s related to authenticity. forget about the experiences and feelings of other people. � We need to show care for our customers and employees, and know how other people are interacting with your brand (products, services, experience, speed of work, and tools they’re using). 3. Over-Communication � It’s far better to get the message and risk communicating a little too much rather than to hint and lose the meaning you’re looking to get across. � I’ve found that anything worth communicating is often under-communicated. That’s why rather than saying too little, we need to overcommunicate. Rather than saying too little, we need to over-communicate first priority, followed by product, quality, people and lastly recycling. In the digital age today, the most successful companies are the ones that prioritize people first, followed by quality, recycling, product, and lastly profit. Successful leaders understand that profit comes naturally and in larger quantity when you focus your priority where people come first. That’s why employee engagement is so important. To lead in today’s Industry 4.0, we need to engage with an active leadership. But what does it mean to have an active C�O and management� It means that we need to lead with the four factors of Leadership 4.0: 1. Authenticity � In a world where anyone can claim just about anything on the Internet with photoshopped profile pictures and fake news, authenticity and “being real” is a premium that few people get right. � As a leader, we may feel that we need to present a certain persona to our employees, but we may not realize that they know if we’re coming across as authentic or if we’re just putting on an act. 2. Empathy � With the world progressing at breakneck pace, it’s easy to focus solely on information and 4. Trust � Your stakeholders (customers and employees) are looking for a company that they can trust. � How reliable is your company? Can a customer trust the promise of your brand to deliver? If your company is perceived as reliable and trustworthy, your success is only capped by your imagination, and the sky’s the limit. If we’re able to implement these four factors of Leadership 4.0 into how we lead and manage our companies, we can achieve organizational success. And here’s how I would like to define organizational success� If we take care of our staff, they can take care of our customers and our organization. It’s a principle that’s close to my heart, but I cannot stress it enough. Your employees are your ‘internal customers’; treat them like your customers and that’s how you take care of employees. Some companies are surprised to learn that their customers actually care about how you treat your employees. It’s related to authenticity. If you treat your customers well and your employees poorly, word gets around. And the thing you’ll lose is authenticity. When authenticity goes down, it’s likely that trust and revenue will follow in short order. To keep your company on the upward trend to success, remember the four factors of Leadership 4.0 and your goals will be closer than you think. Dr Timothy Low is the Head of HealthCare Investment at Pavilion Capital and is a member of the Board of Directors at Farrer Park Hospital in Singapore. THE VIEWS AND OPINIONS EXPRESSED IN THIS COLUMN ARE THOSE OF THE AUTHOR AND DO NOT NECESSARILY REFLECT THE VIEWS OF GLOBAL HEALTH ASIA-PACIFIC OR ITS EMPLOYEES. 58 SEPTEMBER-OCTOBER 2020 GlobalHealthAsiaPacific.com