City Telecom CXO Management Reflections From "Karate Kid"
August 23 2010 - 4:48AM
City Telecom (HK) Limited (HKSE:1137) (Nasdaq:CTEL).
Our "CXO of the Future" Management Trainees, Vintage '09 are now
over one year into their program. It is awesome to see how they are
maturing on an accelerated basis over this period, which is very
evident as we read their updated Booklet of CXO Reading
Reflections, over a 12 month period. The full booklet can be
downloaded at
http://ir.ctigroup.com.hk/eng/ir/presentations/pre100823.pdf
For a bit of fun, we look beyond standard business books for
inspiration. One such example is the insights gained from studying
the1980's classic "Karate Kid" movie. "Daily practices of the
boy are car washing, painting the fence, etc. After a while,
Daniel-San becomes frustrated at doing household chores rather than
learning to fight. Later on, when his master tests him to defend
himself, it is only then that Daniel-San realizes the purpose of
the car washing and painting acts." Zoe Wong, MT'09. For our
CXOs, we see a similar situation. Given their relative youth
and inexperience, we expect that a lot of their current exposures
will not become meaningful until a much later stage in their
management development.
With reference to Steve Job's Stanford commence speech
http://www.youtube.com/watch?v=UF8uR6Z6KLc we hope that via our CXO
program exposure, our CXOs will enhance their ability to "collect
and connect" the dots. Over the past twelve months our CXOs
have been exposed to:
- Job rotation through our entire operations, to develop a
holistic view of how our business is managed
- Shadowing our CEO, William Yeung, and special project placement
with our Chairman, Ricky Wong
- Numerous opportunities to network with external senior
executives, including trips to Japan, Beijing, Singapore, etc.
- Attempts at CFA Level 1
For an update on our 2010 CXO recruitment, we shortlisted from a
base of 795 applicants to 17, whom we invited to a two day, one
night outward bound experience. Eventually, we made one offer
but was declined by the candidate. As we prefer to keep our
standard high, we did not make alternative offers, rather we will
now focus our attention on the 2011 CXO search. For a short
video on the Outward Bound selection experience, please refer to
http://www.youtube.com/user/HKBNatUTube.
For more City Telecom's press release, please access:
http://www.ctigroup.com.hk/ctigroup/eng/press/releases.htm
CONTACT: City Telecom (H.K.) Limited
Corporate Communications
Ms. Jessie Cheng
+852 3145 4118
Fax: +852 2199 8372
chengcm@ctihk.com
Investor Engagement
Ms. Peggy Chan
+852 3145 6068
Fax: +852 2199 8655
investor_engagement@ctihk.com
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