Sunday, 12 May 2013

K37 Million Worth Business Leadership Principles from Former CEO of Telikom PNG, Mr. Peter Loko



By blending the Melanesian philosophies with the foreign business ideologies and experiences, Telikom PNG created a highly competitive enterprise say’s the former CEO of Telikom PNG, Mr. Peter Loko. Mr. Loko has deep understanding of the principles of human relationships and change management and knows that fast changing world requires a set of guiding principles to do well in business in PNG. 


Amid the face of growing international competition and customer demands, Telikom still remains solidly based on their business philosophies. Telikom blends people, technology and information to remain competitive in the face of its local and global competition. 

Telikom PNG Limited is committed to bringing the world closer to every single person in PNG. With good leadership, Telikom keeps growing and anticipates making it a reality for every person to advance, transform and enhance their lives at an affordable cost for a better tomorrow. In our drive to discover practical business leadership approach, Pacific Business Review journalist interviewed former CEO of Telikom PNG on business leadership principles that he used to turn in K37 million in revenue.  

Here are the most important business leadership lessons we can learn from Mr. Loko. 

Blend The Best of Indigenous and Foreign Business ideologies

Great leaders are great teachers. One of them is Confucius. He had a teachable point of view and passed on his wisdom through stories. Former CEO of Telikom is not different from Confucious. He had a teachable point of view and efficiently communicated it down to the very low level. 

The secret of this multi-million kina corporation success was its ability to understand PNG culture whilst constantly learning the western business ideologies and adapting the necessary ones. Mr. Loko identified the mission, laid out the core values, fostered a strong corporate culture and invited people to work according to those values.  

He believes people are the key asset in business. “Manage people and you manage multi-million corporations” he says. His management revolves around people. To prove what he said; the author of this article decided to examine the existing core values of Telikom PNG, and no without doubt, Telikom PNG is a people centered company. 

Core Values
  • We care for our employees by investing in their personal and professional development.
  • We engage committed employees who are focused on providing excellent services always exceeding customer expectations.
  • Our customers are important. We are continually providing advanced innovative solutions to meet their needs.
  • We are proudly PNG owned and operated and therefore add value to the lives of our people.
  • We are a company of integrity. We will always deal with our employees, customers, suppliers and shareholders with honesty and by the highest ethical standards.
  • We are a winning team therefore we foster an environment where people work together, have fun and celebrate success together.
  • We value change; therefore we encourage and recognize innovation, continuous learning and improvement.
Source: http://www.telikompng.com.pg/

Set Audacious Goals
Amid the face of growing local and international competition and customer demands, an effective business leader raises bar for its employees higher. He sells to his employers the corporate goals. Someone once said this about USA most criticized but most successful billionaire entrepreneur Donald Trump;
Donald Trump is a billion dollar worth negotiator because he sells to his prospects, fantasies that they buy
There is so much truth in that. Corporate business leaders have a role no different from that Donald Trump plays. They must sell their corporate goals right from the executive level down to those who are employed as cleaners and create a conduce environment for their employees to reach the highest peak of their performance. 

Embrace Open Communication

Without efficient and effective communication, an organization dies a natural death.  Some initiative Mr. Loko had was to have open talk with his employees at NCDC hall. In the first week of every month, he invited a school in Port Moresby to join his staff at NCDC hall to sing the national anthem as a show of patriotism.
Mr. Loko communicated precisely and honestly what the organization wanted. A complete shift is mindset was achieved with his open communication approach. He says “I tell them before they ask me what is going on….That is a reason why we had fewer problems with the union who in the past would go on stop work every six months”

Inspire and Stretch People 

It is a scientifically proven fact that part of the human body that is used most develops most. Mr. Loko realized that he has to grapple with the mindset of his employees. And he did that by positively empowering the employees to grow and reach their true potentials. Those that worked under Mr. Loko at that time would remember his habit of keeping a data base of the birth dates of his workers and sending them personal messages. Mr. Loko recalls having in his data base 1425 birthdates that he wakes up around 5 am and goes through his data base to send birthday wishes to those whose birthday fell on that particularly day.
Isn’t this a powerful initiative to show your workers that you as CEO is not a robot but a human being who cares for other fellow human beings. This is character typical of 21st century, information age business leadership. In the industrial age, business leaders led with iron first leading to natural death of those corporations that were once worshiped during the industrial age. Those that embraced changes are still existing and doing even better in the information age. 

Define Peoples Responsibilities 

The ants have survived 150 million years on earth and have documented 12, 000 species all over the face of earth. So we ask. How did the tiny, powerless creatures survived whilst the bigger and powerful dinosaurs become extinct? To answer that, the author studied the success habits of ants. One success habit that is relevant to this discussion is their ability carry out their responsibilities with greater commitment. In an ant colony, there are nest builders, food gathers and even those who specialize on reproduction. Even without a leader, every single ant in the colony knows what it’s supposed to do for the survival of the colony. Individuals put in collective effort. We call this collective individualism.
This is one thing Mr. Loko did. He was able to define the roles of every employee. He says “You do it or you go find somewhere else to work”.
Everyone starting from the chairman of a multi-million corporation down to the cleaner should know their responsibilities. Often times, problems in organizational rise not because some is ineffective but most times because someone doesn’t know what to do. Accurately defining their responsibilities helps minimize lot of misunderstanding that cause problems in the workforce.
Next time if you around Vision City ask one of those security guards “What is your job here”. Please be prepared to hear a response like “I guard this property”. What does that tell you? Vision of the company not communicated down to the lowest level. 

Manage Change –Develop Change Leaders at All Level
 
My management revolved around people” Mr. Loko said.  And to manage a company, you must manage people and change. Mr. Loko is a change thinker and changer maker according to Tony Buzan, founder and author of Mind Map book and program. Change, either big or small makes people comfortable of uncomfortable. Learning to manage those changes were itself a lesson to Mr. Loko, who as every good leader never stops learning. Managing changes involves every body and Mr. Loko being a globally literate leader very quickly worked on building a team environment that embraced culture of commitment trust and result.
Everybody must learn to be a leader at the level they are operating as this is crucial for the overall performance of the company. As they are difference between a manager and a leader, Mr. Loko encouraged leaders to be develop at all levels in the organization. 

Key leadership elements
·         People
·         Relationships
·         Strategy 

Unique contributions that Telikom PNG made to the development of PNG

In his time as the CEO of Telikom PNG, Mr. Loko travelled to over 500 to 600 placed around PNG and do what all good leaders do; communicate his vision. Telikom has reached places never reached before. It had partially achieved its dream and turned in K37 million in revenue. 

A Business culture emerges 

From Peter Loko, we learn valuable lessons about being independent and being connected at the same time. Telikom PNG has learnt to value people, technological advancement and building strong values to compete and be successful in the face of high local and global competition.

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