Thursday, 3 October 2013

Robert Kuok

Background

Robert Kuok Hock Nien more commonly known as Robert Kuok is the richest http://photos-a.ak.fbcdn.net/hphotos-ak-snc1/hs174.snc1/6534_105330563643_80156838643_2324981_6377316_n.jpgentrepreneur in Malaysia and also South East Asia [1]. He is currently rank 33 in the Forbes Richest Man Alive List [2]. Robert Kuok is the youngest son. He is born on 6 October 1923, in Johor Bahru [1]. After graduated from the Raffles Institution, he started working in the grains department of Japanese Industrial conglomerate Mitsubishi from 1942 to 1945.

Career

After the death of his father, Robert Kuok founded Kuok Brothers Sdn Bhd together with his two brothers in 1949 [3].This business plainly deals with agricultural commodities. He managed to buy cheap sugar from India in the year 1961 right before the sugar price shot up. His business expanded heavily until he managed to control 80% of the Malaysian sugar market. Due to this, he earned his nickname “Sugar King of Asia” [4].
Robert Kuok expanded his varied his business field by involving himself in hospitality field. In 1971, he built his first ever Shangri-La Hotel in Singapore, then he open his second Hotel in Hong Kong called the Kowloon Shangri-La [3]. He also owns a big stakes of the Hong Kong real estate group Kerry Properties. Other than that he also owns the freight interests include Malasian Bulk Carriers Berhad and Transmile Group.
Robert Kuok's compnies have investment in many counties. He even has ten bottling company for Coca Cola and the ownership of the Beijing World Trade Centre.
On October 31 2009, Robert Kuok has decided to sells his sugar units along with the land used to cultivate sugar cane to Felda for RM1.29 billion. This transaction had directly boosted his company's income as his sugar unit and sugar cane plantation were the second largest segment upon its grain and feed [3].
Robert Kuok has eight children from his two marriages. He has retired officially from the Kerry Group on April 1st 1993. He is currently resides in Hong Kong [3].

Hallmark

Robert Kuok have 7 hallmark that made what he is today.

1. Strong noble family background.

Robert Kuok was brought up by his mother. Since young, his mother had taught him according to Ru-Jiao which is also known as the teaching of Confucius. His mother is very particular with the values of honesty. That is why he managed to gain respect and trust from others. With this, his business expands smoother and faster than others.

2. Strong family tie.

The Kuok Brothers Limited was established by Robert Kuok together with his brother and cousins. All of them are very unite in this establishment of the company. They obey to Robert Kuok's mother's order. With a strong bond among them, it is very difficult for others to attack them. This is why the Kuok Brothers Limited can last for such a long period and still standing strong.

3. Positive thinking, hardworking and sensitive.

Robert Kuok once said that “As a young man, I thought there was no substitute for hard work and thinking up good, honest business plans and, without respite, pushing them along. There will always be business on earth. Be humble; be straight; don't be crooked; don't take advantage of people. To be a successful businessman, I think you really need to brush all your senses every morning, just as you brush your teeth. I coined the phrase “honing your senses” in business: your vision, hearing, sense of smell, touch and taste. All these senses come in very useful [4].”

4. Wise in hiring worker and always remember to acknowledge them.

Robert Kuok has never forgets the contributions of all of his colleagues and employee. He even thanked his very first batch of workers personally in hisKuok Group's 60th Anniversary speech. Robert Kuok is very particular in hiring workers. According to him, honesty, hardworking and intelligence are the main criteria that he looks for. “When I look candidates in the eye, they must appear very honest to me. I do not look for MBAs or exceptional students. You may hire a brilliant man, summa cum laude, first-class honours, but if his mind is not a fair one or if he has a warped attitude in life, does brilliance really matter? [5]”said Robert Kuok.

5. Always be humble no matter how successful you are.

Robert Kuok has been very humble all this while as he always remembers that once a person is arrogant, the person guard will be lowered. As a result, the person is defeated easily by his rivals.

6. Be very alert with every steps taken

According to Robert Kuok, sometime capitalism will leads to destruction if we do not inspect it well. He said that “Capitalism needs to be inspected under a magnifying glass once a day, a super-magnifying glass once a week, and put through the cleaning machine once a month.[5]” He also said that we cannot let greed controls us. Once this happens, the result may be fatal.

7. Remember to do good to others (be generous to the society)

Robert Kuok had set up a foundation called the Kuok Foundation to help out students that are facing financial problem in order to pursue their studies. He even gives out scholarships to students who are studying in either private or public universities. “The Kuok family firmly believed in its social responsibility to share its wealth and good fortune with the less fortunate. [6]”

Achievements

Robert Kuok has managed to win several awards for his success in his lifetime. He was honored on the Forbes ‘s World's Billionaire list, ranking at a respectable number 33. The most noble achievement by Robert Kuok arguably the Kuok Foundation that was established by the Kuok family. The philanthropist's vision is to alleviate poverty and reduce the economic disparities between the rich and poor communities in Malaysia. The foundation offers scholarship for student from not well to do family, to provide them with education that they needed to bring them out of poverty.


Read more: http://www.ukessays.com/essays/business/robert-kuok-hock-nien.php#ixzz2gfh2vTuX

2 comments:

  1. Custom patches online represent a convenient and efficient way for individuals and businesses to personalize and enhance their garments, accessories, or promotional items. Through user-friendly platforms, customers can easily navigate the design process, choosing patch sizes, uploading custom artwork, and selecting color schemes. The online customization experience often includes real-time previews, allowing users to visualize their designs before placing an order. This seamless process ensures accuracy and satisfaction with the final product.

    ReplyDelete
  2. Independent ERP consultants play a crucial role in guiding organizations through the intricate process of selecting, implementing, and optimizing Enterprise Resource Planning (ERP) systems. Unlike consultants affiliated with specific software vendors, independent ERP consultants offer unbiased advice and recommendations tailored to the unique needs and goals of their clients. With a wealth of experience and expertise in ERP software selection, project management, and process optimization, these consultants provide invaluable insights and guidance throughout the implementation journey.

    ReplyDelete