While your facts are based on
historical information, in a fast paced globalised world dictated
by politics, nothing remains the same.
Why has Audi announced a planned "expenditure of US$384 Million to
expand its aging Ingolstadt plant to build the new
Q5 sport utility vehicle" ?
This was reported in Newsweek 12 June 2006 Edition Page 6, which at
the same time also mentioned that "Toyota has also increased
production at home at a rate that is twice as fast as that of
April, inspite of a 32 straight months of rising car production in
low-cost regions of SE Asia, Latin America and Eastern
Europe".
Honda was also reported in Newsweek to be building a new assemly
plant in Japan.
These new developments in the auto industry have contradicted your
stated historical factors governing globalisation; as those factors
are made irrelevant by the ruthlessly unpredictable and continuous
increase in fuel prices, which no longer make it economical to ship
large volume of components across global supply
chains.
Throughout its history, British workers have lost their jobs to
cheaper foreign competitors but have successfully moved up the
economic food chain. Singapore has to do the same. We cannot be
reliant on our IT and traditional manufacturing industries when
Indian and China can do these better and cheaper. We have to make
high value electronics and pharmaceuticals that they cannot (at the
moment). What about the MBA holder who is more comfortable in the
commercial world? You cannot expect to hold that managerial job
when operations have been downsized due to outsourcing. But if you
can become a successful fund manager, you salary will increase, not
drop.
Monkey see, monkey do. Different
monkeys will learn tricks at different pace, but in the end some
monkey somewhere will do it better and faster before we even reach
breakeven point due to some reason or other - (economies of scale
for a start).
What value is there left if all the monkeys perform the same tricks
- be a better and smarter monkey to perform a more specialised
trick ?
The "golden peanut" may soon spell more trouble than it was worth
mentioning in the first place.
We have to be smarter than simply to beat the lowest cost center,
and learn from the Swiss who beat the cheap Casio with a high end
SWATCH, and continue to extend their monopoly and reputation with
higher end collectors' watches.
Must we always try to outrun other monkeys based on a limited scope
of tricks and fear the competition from the low cost centers
?
As what the Owner of Las Vegas Sands had so intelligently put it -
what maybe the flavor of the month in 2006, may not necessarily be
the flavor of the month in two or three years time.
We need to be alert and attune to the changes in the market place,
find niche areas, and capitalise with what we have at present so as
to better compete with the World.
If we try to protect our feeding ground from hoards of other ikan
bilis, we will ultimately fail. The solution is that we must become
bigger and go for higher value prizes. We cannot expect the
government to help us find our worms as ikan bilis. We have to be
larger fishes that feed on the new ikan bilis that have
arrived.
Can the 'Ikan Bilis" grow into
bigger fishes by finding their own worms, when all the worms are
supposedly hoarded and controlled by a BIGGER WHALE ?
Firstly, if we are the Ikan Bilis must have a safe and protected
feeding grounds, that will be opened to those who will open their
feeding grounds to us; so that all will simultaneously grow
together in size and weight.
At the moment, it will seem that while we open our feeding grounds
to others, their feeding grounds are closed to us, and some opened
with restrictive terms and conditions.
China and India will take our lower skilled jobs, but as they
progress they will demand higher value goods. Their population will
demand better drugs, better electronics that they lack...so there
will be an outlet for our pharmaceuticals and products of our
nanotechnology industries. We will become the bigger fish that feed
on the ikan bilis.
In a Globalised World, such
advantage can only be shortlived when there are multiple global
points of execellence.
The rat race demand that the pace be quicken at each higher level,
or find the formula to work smarter to produce the best at the
lowest cost.
Size may not necessarily be the sole criteria, as at times the
'Ikan Bilis' can be more flexible than a 'Big Fish' which requires
regular and constant down sizing exercise.
We now see our lower skilled jobs threatened by foreigners who can
do them at a lower price. If you refuse to become bigger and
upgrade your skills, because you are already 40, then the future
will be dismal for you indeed. Do you expect a 40-year-old ikan
bilis to be able to compete for the same worm as a 20-year-old new
arrival? Especially when there are hoardes of them?
Grow up and move up the food chain. Be big or be
eaten.
Your call seems to be the often
sung and tired refrain that does not seem to reveal any further
creative inspiration in thought, other then mere words of
exhortation from the leaders of some Animal Farm.
Let us be more realistic about this sloganic call
for "Upgrading and Up Sizing" - both of which have to be relevant
to our background.
Can we UP SIZE with our limited population and physical size
?
Ironically, the present call is literally to downsize to achieve
lower costs.
It is not a matter of refusing to upgrade one's skill at the age of
40 PLUS - but a matter of how one can tap a person's experience,
skill and talent to allow that person the shortest learning
curve.
Should we count a Bank Manager's - or Doctor's - past experience to
be irrelevant, and dump all his past training and accumulated
experience to have him learn an entirely new trade ?
Why do we insist on these specialists aborting their rich past, and
start Life in a fresh shell ?
If these experienced individual have no financial strength nor
organisation contacts, why do we leave individuals to their own
ends ?
Instead of making useless calls and recriminations, why could we
not set up a national organisation to absorb all such talents, and
deploy them into our neighboring Third World Countries to advance
their society ?
This can help our retrenched professionals to regain their
self-worth, expose them into new territories and new opportunities,
advance our own National Prestige and diplomacy, and nurture new
business opportunities for all sides.