Monday, 12 December 2016

2)Ng Teng Fong 
Ng Teng Fong started from being poor man to the one of Singapore richest successful entrepreneur due to his business of real estate. One is FEO bases in Singapore and another one is Sina Group based in Hong Kong. especially the FEO company within the 20 years developed which it makes becoming the largest private real estate company in Singapore while the Sina Group also becoming the mainly market in Hong Kong . In 2010, Ng wealth was up to 11.3 S$ billion.
Outcome Oriented
The word outcome oriented is defined as something that follows as a result or consequence according to dictionary. Usually the result can be positive or negative. Sometimes our action can cause a very bad that we are not looking forward to. Through the simply words can describe “what do you got? What do you want to achieve? As a result, entrepreneurs will know  what they want and hence set targets.
Ng Teng Fong. He was born in china of Fujian province. At his early stage, he moves to Singapore with his family. At that time he is the eldest one in his family. So no doubt, he need take over his father’s business. But he was refused. In his career, he often kept 18 hours working, he start the first business in Singapore. In 1960s, he creates the first company which name was the TEO through raise capital. In 1972s, he was contracted 72 terrole house with each selling S$ 20000. Following years, Ng expand his own business into hotel industry.  It was establishing with in S$5.5 million on Orchid Road. And it was sold in 1982 with profit s$178 million. In 1970s, Ng was moving to Hong Kong to create the new company. The company name was the Sino Group. Through the time series from 1970 to 1990, he purchased reclaimed land in Tsim Sha Tsui Tan. Anticipating that, the former wasteland would become a thriving retail and commerce distinct. Although his company already developed a lot, and the business also can keeping the increase at steady rate. But Ng still presents the bid of land. And even insist every week fly from Singapore to hongkong. Ng also hit the headlines in 1995 as he won the takeover battle for the YHS Company. In 2010, Ng net worth estimated through Forbes 11.5 US billion, being the richest one billionaire in Singapore.

2 comments:

  1. A potential problem of outcome-orientation is that people working in the same activity don't get to mentor and learn from each other ! To mitigate this , set up community of potential along with e pert communication leads who have the ability to mentor and the budget to organise community events , buy books and arrange for it

    ReplyDelete