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Hongkong Land extends support to tenants and local community to combat COVID-19 pandemic

HONG KONG SAR – Media OutReach – 10 March 2022 – Hongkong Land today announces a series of initiatives to support tenants and the wider community overcome the challenges arising from the COVID-19 pandemic in Hong Kong. These include rent relief measures for retail tenants and a contribution of HK$15 million into the Hongkong Land HOME FUND (“HOME FUND”) to support NGOs deliver essential items such as hot meals, food packs, test kits, and anti-pandemic supplies to the underprivileged.

Hongkong Land today announces a series of initiatives to support tenants overcome the challenges arising from the COVID-19 pandemic in Hong Kong, expanding on its previous commitment of more than HK$420 million of rent relief between early 2020 and December 2021.
Hongkong Land today announces a series of initiatives to support tenants overcome the challenges arising from the COVID-19 pandemic in Hong Kong, expanding on its previous commitment of more than HK$420 million of rent relief between early 2020 and December 2021.

Mr Robert Wong, Chief Executive of Hongkong Land, said “As a company with deep roots in Hong Kong, we care deeply about the welfare of the city’s people and businesses as they contend with the latest wave of the pandemic. By working closely with an extensive range of NGOs and supporting our tenants through immediate and comprehensive rent relief measures, we hope that we can contribute to alleviating the hardships faced by the businesses and communities that we serve in our home in Hong Kong.”

Hongkong Land today announces an injection of HK$15 million into the HOME FUND to support NGOs deliver essential items such as hot meals, food packs, test kits, and anti-pandemic supplies to the underprivileged.
Hongkong Land today announces an injection of HK$15 million into the HOME FUND to support NGOs deliver essential items such as hot meals, food packs, test kits, and anti-pandemic supplies to the underprivileged.

Expanded support to tenants

Rent relief

Following the commitment of more than HK$420 million of rent relief between early 2020 and December 2021, Hongkong Land has expanded its assistance to retail tenants through a rent waiver and other support measures as Hong Kong continues to battle a fifth wave of the COVID-19 pandemic.

Tenants subject to mandatory closure by the government will see a full waiver of their rents, management fees and other charges during the closure period. Tenants from the food & beverage (F&B) sector will only pay turnover rents for a six-month period from 1st January to 30th June 2022. Rent relief will be granted to other tenants on a case-by-case basis, with a strong focus on more vulnerable small and medium sized businesses.

Other support

For F&B tenants who have been heavily impacted by the pandemic, Hongkong Land is also introducing a series of operational and promotional support measures. These include flexibility in operating hours to ease the stress of limited manpower and additional promotions to support their takeaway / delivery business. Additionally, a large-scale promotion programme to drive customer footfall and F&B sales will be launched later this year as pandemic restrictions ease.

New funds into Hongkong Land HOME FUND to support the underprivileged

Launched in November 2020, HOME FUND aims to empower the younger generations and assist those facing housing related challenges to help foster a more inclusive society. To help combat the fifth wave of the COVID-19 pandemic, Hongkong Land has injected HK$15 million into the HOME FUND to support community response programmes.

An initial HK$5 million has already been committed to support NGOs deliver food items and anti-pandemic supplies to the underprivileged, and to the launch of a special matching gift programme for tenants and employees.

Delivering hot meals, other food items and anti-pandemic necessities

HOME FUND is partnering with 30 NGOs to provide hot meals, food items and other anti-pandemic necessities to more than 72,000 underprivileged individuals in Hong Kong. Approximately 200,000 hot meals and 6,000 food bags will be distributed to the most vulnerable communities across all 18 districts of the city. In addition, 5,000 personal protective equipment items will be distributed to frontline welfare workers at NGOs.

Special matching gift programme for employees and tenants

Through HOME FUND, Hongkong Land has launched a special matching gift programme for tenants and employees to support Po Leung Kuk and Foodlink Foundation in their COVID-19 emergency support programmes. Donations from Hongkong Land have been increased from a 1:1 to 1.5:1 ratio to match those from employees and tenants, i.e., Hongkong Land will match HK$1,500 for a donation of HK$1,000, effective immediately to further amplify our contribution to Hong Kong’s anti-pandemic efforts.

Details on the response programme relating to the outstanding HK$10 million commitment will be announced in due course.

Notes to Editor

Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands.

The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. In Singapore, its subsidiary, MCL Land, is a well-established residential developer.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

Hongkong Land HOME FUND
The Hongkong Land HOME FUND (HOME FUND) was launched in November 2020 with an initial investment of HK$100 million, demonstrating Hongkong Land’s long-term commitment to the development of future generations and its aspiration to contribute to the fostering of an inclusive society. HOME FUND’s initial initiatives aim to address long-term underlying socio-economic issues, by supporting youth in unleashing their potential and improving the standards of living and the social upward mobility of low-income households.

#HongkongLand

The issuer is solely responsible for the content of this announcement.

Sports fans in the Philippines can now enjoy the world’s most popular sporting events at their fingertips with the launch of SPOTV NOW

MANILA, THE PHILIPPINES Media OutReach – 10 March 2022 – Leading regional sports network SPOTV today announced the launch of mobile app, SPOTV NOW – bringing the world’s biggest and most popular sporting events closer to sports fans in the Philippines, Hong Kong, Singapore and Malaysia.

SPOTV NOW streams, both live and on demand, world-class events shown on the sports network’s regional pay-TV linear channels, SPOTV and SPOTV2.

Sports fans in the Philippines can catch the standout moments of sporting stars as they battle for victory in the BWF World Tour & Major Events, World Table Tennis events, MotoGPTM and WorldSBK World Championships, tennis Grand Slams – Wimbledon and US Open Tennis Championships, as well as The Open Championships (Golf Major), among other prestigious events.

Mr Lee Choong Khay (CK), CEO of SPOTV, said, “SPOTV is a leading regional sports network in Asia. We are very excited to bring premium content from some of the world’s most popular sporting events, right to the fingertips of sports fans in Asia. Centred around subscribers, our mobile app, SPOTV NOW, not only allows sports enthusiasts to pick and choose what they like, it also delivers the front-row-seat experience of watching their favourite sporting events, teams and heroes, whenever they want, wherever they are. We aim to delight our subscribers with the electrifying experience of watching a big game and at the same time, provide an avenue for them to relive some of the exhilarating moments in sports with our on-demand features. In the months to come, sports fans will get to watch exclusive content that is only available to SPOTV NOW viewers.”

First launched in South Korea in 2017, SPOTV NOW has risen to become the country’s top sports OTT platform. The popular app was also recently launched in Japan.

CK added, “Sport brings people together. We aim to replicate the success of SPOTV NOW across Asia – by bringing more localised and relevant content to our subscribers in each market, drawing them closer to their unique sports culture, and strengthening the bond among sports fans. In the near future, we will be rolling out SPOTV NOW to Indonesia, followed by Thailand.”

SPOTV NOW can be downloaded from Google Play Store or App Store.

Sporting Events* on SPOTV and SPOTV2
FIM MotoGP™ MotoGP World Championships

FIM World Superbike Championships

World Badminton Federation Tour & Major Events

World Table Tennis events

Korean Baseball League

V.League Japan

FIA Formula E

All year round
The Masters (Golf) April 2022
Wimbledon June 2022
The Open Championships (Golf) July 2022
US Open (Tennis) August 2022

*Line up subject to change.

About SPOTV

A subsidiary of South Korea-based Eclat Media Group, SPOTV is headquartered in Singapore. Established in October 2021, SPOTV owns two regional pay-TV channels, SPOTV and SPOTV2, which are broadcast across multiple Southeast Asia and select East Asia territories such as Indonesia (MNC Vision, K-Vision, UseeTV, MAXstream), Malaysia (Astro, Unifi TV), the Philippines (Skycable), Singapore (Singtel TV, StarHub TV), Thailand (True Visions), Macau (Macau Cable TV) and Mongolia (Univision).

The two channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGPTM and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports including the Korean Baseball Organization (KBO) League, Korean Basketball League (KBL), V-League (volleyball) and V.League (Japan) competition.

SPOTV seeks to be an inclusive and dynamic platform that deeply engages the Asian sports fans.

#SPOTV

About ECLAT Media Group

Eclat Media Group is the leader in sports media in South Korea. Formed in 2004, Eclat Media Group services Premier League, UEFA Champions League, LA Liga, Serie A, MLB, NBA, UFC, and other premier global sports properties in South Korea through its seven sports channels under the “SPOTV” name, and South Korea’s first subscription-based OTT platform, “SPOTV NOW.” Additionally, Eclat also publishes the print magazine, Golf Digest Korea, e-newspaper SPOTV NEWS, operates an advertising media rep company, SPOTV Connect, and the PR company, Konnectivity, among other businesses.

Sports fans in Malaysia can now enjoy the world’s most popular sporting events at their fingertips with the launch of SPOTV NOW

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 March 2022 – Leading regional sports network SPOTV today announced the launch of mobile app, SPOTV NOW – bringing the world’s biggest and most popular sporting events closer to sports fans in Malaysia, Singapore, Hong Kong and the Philippines.

SPOTV NOW streams, both live and on demand, world-class events shown on the sports network’s regional pay-TV linear channels, SPOTV and SPOTV2.

Sports fans in Malaysia can catch top riders like Fabio Quartararo, Francesco Bagnaia and Marc Marquez battle it out for victory in the adrenaline-charged MotoGPTM and WorldSBK World Championships, as well as standout moments of sporting heroes in World Table Tennis events, tennis Grand Slams – Wimbledon and US Open Tennis Championships, as well as The Open Championships (Golf Major), among other prestigious events.

Mr Lee Choong Khay (CK), CEO of SPOTV, said, “SPOTV is a leading regional sports network in Asia. We are very excited to bring premium content from some of the world’s most popular sporting events, right to the fingertips of sports fans in Asia. Centred around subscribers, our mobile app, SPOTV NOW, not only allows sports enthusiasts to pick and choose what they like, it also delivers the front-row-seat experience of watching their favourite sporting events, teams and heroes, whenever they want, wherever they are. We aim to delight our subscribers with the electrifying experience of watching a big game and at the same time, provide an avenue for them to relive some of the exhilarating moments in sports with our on-demand features. In the months to come, sports fans will get to watch exclusive content that is only available to SPOTV NOW viewers.”

First launched in South Korea in 2017, SPOTV NOW has risen to become the country’s top sports OTT platform. The popular app was also recently launched in Japan.

CK added, “Sport brings people together. We aim to replicate the success of SPOTV NOW across Asia – by bringing more localised and relevant content to our subscribers in each market, drawing them closer to their unique sports culture, and strengthening the bond among sports fans. In the near future, we will be rolling out SPOTV NOW to Indonesia, followed by Thailand.”

SPOTV NOW can be downloaded from Google Play Store or App Store.

Sporting Events* on SPOTV and SPOTV2
FIM MotoGP™ MotoGP World Championships

FIM World Superbike Championships

World Table Tennis events

Korean Baseball League

V.League Japan

FIA Formula E

All year round
The Masters (Golf) April 2022
PGA Championship (Golf) May 2022
US Open (Golf) June 2022
Wimbledon June 2022
The Open Championships (Golf) July 2022
US Open (Tennis) August 2022

*Line up subject to change.

About SPOTV

A subsidiary of South Korea-based Eclat Media Group, SPOTV is headquartered in Singapore. Established in October 2021, SPOTV owns two regional pay-TV channels, SPOTV and SPOTV2, which are broadcast across multiple Southeast Asia and select East Asia territories such as Indonesia (MNC Vision, K-Vision, UseeTV, MAXstream), Malaysia (Astro, Unifi TV), the Philippines (Skycable), Singapore (Singtel TV, StarHub TV), Thailand (True Visions), Macau (Macau Cable TV) and Mongolia (Univision).

The two channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGPTM and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports including the Korean Baseball Organization (KBO) League, Korean Basketball League (KBL), V-League (volleyball) and V.League (Japan) competition.

SPOTV seeks to be an inclusive and dynamic platform that deeply engages the Asian sports fans.

#SPOTV

About ECLAT Media Group

Eclat Media Group is the leader in sports media in South Korea. Formed in 2004, Eclat Media Group services Premier League, UEFA Champions League, LA Liga, Serie A, MLB, NBA, UFC, and other premier global sports properties in South Korea through its seven sports channels under the “SPOTV” name, and South Korea’s first subscription-based OTT platform, “SPOTV NOW.” Additionally, Eclat also publishes the print magazine, Golf Digest Korea, e-newspaper SPOTV NEWS, operates an advertising media rep company, SPOTV Connect, and the PR company, Konnectivity, among other businesses.

Sports fans in Singapore can now enjoy the world’s most popular sporting events at their fingertips with the launch of SPOTV NOW

SINGAPORE – Media OutReach – 10 March 2022 – Leading regional sports network SPOTV today announced the launch of mobile app, SPOTV NOW – bringing the world’s biggest and most popular sporting events closer to sports fans in Singapore, Malaysia, the Philippines and Hong Kong.

SPOTV NOW streams, both live and on demand, world-class events shown on the sports network’s regional pay-TV linear channels, SPOTV and SPOTV2.

Sports fans in Singapore can catch badminton star Low Kean Yew and his astonishing shots in the BWF World Tour & Major Events, the ferocity of table tennis pros Feng Tianwei and Koen Pang at the WTT events, and other standout moments of sporting heroes in MotoGPTM and WorldSBK World Championships, tennis Grand Slams – Wimbledon and US Open Tennis Championships, as well as The Open Championships (Golf Major), among other prestigious events.

Mr Lee Choong Khay (CK), CEO of SPOTV, said, “SPOTV is a leading regional sports network in Asia. We are very excited to bring premium content from some of the world’s most popular sporting events, right to the fingertips of sports fans in Asia. Centred around subscribers, our mobile app, SPOTV NOW, not only allows sports enthusiasts to pick and choose what they like, it also delivers the front-row-seat experience of watching their favourite sporting events, teams and heroes, whenever they want, wherever they are. We aim to delight our subscribers with the electrifying experience of watching a big game and at the same time, provide an avenue for them to relive some of the exhilarating moments in sports with our on-demand features. In the months to come, sports fans will get to watch exclusive content that is only available to SPOTV NOW viewers.”

First launched in South Korea in 2017, SPOTV NOW has risen to become the country’s top sports OTT platform. The popular app was also recently launched in Japan.

CK added, “Sport brings people together. We aim to replicate the success of SPOTV NOW across Asia – by bringing more localised and relevant content to our subscribers in each market, drawing them closer to their unique sports culture, and strengthening the bond among sports fans. In the near future, we will be rolling out SPOTV NOW to Indonesia, followed by Thailand.”

SPOTV NOW can be downloaded from Google Play Store or App Store.

Sporting Events* on SPOTV and SPOTV2
FIM MotoGP™ MotoGP World Championships

FIM World Superbike Championships

World Badminton Federation Tour & Major Events

World Table Tennis events

Korean Baseball League

V.League Japan

FIA Formula E

All year round
The Masters (Golf) April 2022
Wimbledon June 2022
The Open Championships (Golf) July 2022
US Open (Tennis) August 2022

*Line up subject to change.

About SPOTV

A subsidiary of South Korea-based Eclat Media Group, SPOTV is headquartered in Singapore. Established in October 2021, SPOTV owns two regional pay-TV channels, SPOTV and SPOTV2, which are broadcast across multiple Southeast Asia and select East Asia territories such as Indonesia (MNC Vision, K-Vision, UseeTV, MAXstream), Malaysia (Astro, Unifi TV), the Philippines (Skycable), Singapore (Singtel TV, StarHub TV), Thailand (True Visions), Macau (Macau Cable TV) and Mongolia (Univision).

The two channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGPTM and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports including the Korean Baseball Organization (KBO) League, Korean Basketball League (KBL), V-League (volleyball) and V.League (Japan) competition.

SPOTV seeks to be an inclusive and dynamic platform that deeply engages the Asian sports fans.

#SPOTV

About ECLAT Media Group

Eclat Media Group is the leader in sports media in South Korea. Formed in 2004, Eclat Media Group services Premier League, UEFA Champions League, LA Liga, Serie A, MLB, NBA, UFC, and other premier global sports properties in South Korea through its seven sports channels under the “SPOTV” name, and South Korea’s first subscription-based OTT platform, “SPOTV NOW.” Additionally, Eclat also publishes the print magazine, Golf Digest Korea, e-newspaper SPOTV NEWS, operates an advertising media rep company, SPOTV Connect, and the PR company, Konnectivity, among other businesses.

Lao Police Seize Over Four Million Amphetamine Pills

Police seize 4 million amphetamine pills in Vientiane Province
Police seize 4 million amphetamine pills in Vientiane Province

Police in Vientiane Province have seized more than four million amphetamine pills and other illicit drugs in a huge bust.

Max Lewis Consultants Clinches Best Business Valuation Firm 2022 at the Fifth Annual APAC Insider Singapore Business Awards

SINGAPORE – Media OutReach – 10 March 2022 – Max Lewis Consultants Pte Ltd, a professional firm specialising in fair valuation of businesses and assets, announced today that they have been awarded the Best Business Valuation Firm 2022 at the fifth annual APAC Insider Singapore Business Awards.

The award was presented to Max Lewis Consultants by APAC Insider, a regional publication that focuses solely on businesses in the Asia Pacific region. It honours the most creative, committed, and results-oriented individuals and companies from a region that produces more than one-third of the world’s largest corporations. The Singapore Business Awards is one of the awards that APAC Insider hosts, which aims to recognise and promote businesses and individuals that are working relentlessly to boost the economy and help it flourish. Regardless of the size of the company, all candidates for the award were purely judged on their merit by an internal research team. The research team made its final decision based on a variety of factors, including corporate success, longevity, diversity, growth (sustainable or quick), key inventions, stakeholder input, and so on. This year, the winners of the award come from a range of sectors including interior design, finance, cybersecurity, and many more.

Max Lewis Consultants have provided its business valuation services across a wide range of sectors including manufacturing, educational institutions, coal mining, media and advertising, retail, GP and dental clinics, logistics, and technology startups. With a team of highly qualified in-house experts, the firm also provides other services such as tax planning, transfer pricing advisory, employee shares options plan (ESOP), and GST ASK review.

As tax laws and rules are changing and updating all the time, Max Lewis Consultants hope to ride on the wave of this award and continue upgrading their knowledge to adapt to the evolving landscape, delivering top-quality services and achieving future sustainable success with their clients.

For more information, please visit: https://www.maxlewis.com.sg/

#MaxLewisConsultants

The issuer is solely responsible for the content of this announcement.

CUHK Business School Research Finds Paradoxical Leadership Is Key To Driving Innovation

HONG KONG SAR – Media OutReach – 10 March 2022 – History is littered with the names of once dominant companies that were so focused on their successful core businesses that they failed to embrace innovative new ideas until it was too late. But introducing change can be difficult in modern organisations, as it typically involves dealing with contradictory requirements that generate conflict.

(Source: iStock)
(Source: iStock)

To innovate, companies need to both think “out of the box” in their search for new ideas, while at the same time stay focused on outcomes and maintain efficiency in order to turn their ideas into reality. It is not uncommon for teams charged with coming up with innovative solutions to have to deal with “paradoxical” tensions that limit their ability to execute, such as tight deadlines and limited resources.

Yet new research by a group of researchers, including at The Chinese University of Hong Kong (CUHK), shows that it is the ability to lead teams and individuals despite the very existence of contradictory tensions that could be the key to organisational success in today’s rapidly changing business environment.

Consider that America’s Eastman Kodak, one of the 20th century’s major photography brands, was known around the world for its ubiquitous Kodak film rolls. Yet it was forced to file for bankruptcy protection in 2012 after short-sighted senior managers left it too late to enter digital age markets. Nokia, the Finnish telecommunications company that was once the world’s largest mobile phone handset maker, also failed to adapt to innovation, notably the threat to its keypad-based products from touchscreen smartphones following the 2007 launch of Apple’s iPhone, and later sold off its struggling handset business.

The devastating effects and continuing global economic uncertainty caused by the COVID-19 pandemic – and the success of businesses that have quickly adapted to the “new normal” – have reinforced the importance of businesses adopting what this group of researchers have called “paradoxical leadership” practices to stay innovative and ensure their competitiveness and survival.

Innovation Sparks Paradoxical Conflict

Kenneth Law, Professor and Chairman of the Department of Management at CUHK Business School and co-author of a timely new study, says paradoxical leadership involves managers recognising the contradicting tensions generated by the competing demands placed on teams and individuals in innovative organisations and adopting a dynamic approach to manage the creative process.

Prof. Law and his two co-researchers, Prof. Melody Jun Zhang of City University of Hong Kong and Prof. Zhang Yan of Peking University, have published their findings in their report, titled Paradoxical Leadership and Innovation in Work Teams: The Multilevel Mediating Role of Ambidexterity and Leader Vision as a Boundary Condition.

It offers useful business insights by looking closely at how such leaders effectively overcome paradoxical tensions at “ambidextrous” organisations – those companies that successfully manage not only innovative exploratory activities, such as discovering, experimenting and searching for alternatives, but also its traditional, exploitative business interests, such as refining, executing and recombining existing knowledge and abilities.

“This new research expands our understanding of how to enhance workplace innovation through leadership practices,” Prof. Law says. “We were able to show how paradoxical leadership can promote both team and individual ambidexterity – particularly when the leader is able to communicate a strong and clear vision.”

Up to 1,169 staff working in teams at 12 companies in northern China and 312 other team workers at different Western companies – focused mostly in innovative fields, such as the research and development of new products or services in the media, software, information and medical technology industries – took part in the research.

They answered questions in three studies, all carried out at three different times over a six-week period, which saw team members ranked on their innovative ability and team leaders on their paradoxical leadership skills.

To leverage on paradoxical leadership, the research shows that leaders should seek to treat all team members equally in a fair and impartial way, while considering the specific needs of individuals and, if necessary, sometimes make exceptions. The new study shows that paradoxical leadership can help to settle differences that arise while promoting innovative solutions.

Prof. Law says team leaders with a strong understanding of paradoxical leadership are able to grasp two conflicting ideas – such as maintaining control while allowing people the freedom to work independently – and then integrate them into their plans.

Team leaders and middle managers also play an important role in explaining a company’s vision and direction to staff, so the way they communicate their ideas can have a significant influence on the effectiveness of their leadership.

The new research shows that the success of paradoxical management depends on leaders being able to communicate a clear forward-looking vision so that team members can understand “the big picture”. Companies should help team leaders provide clear ideas to staff, so they do not lose sight of objectives, and fully understand the thinking behind paradoxical leadership.

“Our findings show paradoxical leadership is a driving force in helping both individuals and teams to address the contradictory demands involved in the innovation process,” he says. “To achieve sustained success in today’s volatile environments, we recommend leaders think paradoxically and act integratively.”

Fostering Business Ambidexterity

Prof Law says the new research is valuable to businesses because it offers greater understanding about leadership in teams operating in complex and volatile business environments. It reveals not only what types of leadership behaviour promote innovation through enhancing the ambidexterity of individuals and teams – but also when they do so.

Managers, especially those leading work teams focused on providing new business solutions, should consider adopting paradoxical leadership principles and behaviours to foster greater business ambidexterity and innovation.

He says organisations should provide paradoxical leadership training to team leaders to help them to master a two-sided approach to resolve common paradoxes, such as ensuring flexibility while still enforcing clear work requirements and maintaining personal control of outputs while granting individuals the freedom to work independently without outside influence.

He says the research clearly shows that ambidexterity improves innovation – both among individuals and within teams – and will be of particularly use for companies built on innovative products and services, such as hi-tech enterprises and young start-ups, which may have a particularly strong need for ambidextrous work teams.

“Not all teams can provide high-quality innovative solutions, sometimes because they fail to move forward with their initial ideas, or try to implement things too quickly,” Prof. Law says. “But if businesses want to be successful, they need to provide training that helps to encourage teams and individuals to put an equal emphasis on innovative exploratory activities and traditional, exploitative business interests, and nurture paradoxical leadership and ambidexterity within the company.”

He says one limitation of the new research is that it asked leaders to rank team innovation across a range of different industries, rather than getting them to measure it objectively. Future research could consider incorporating specific ways to measure team innovation to increase the robustness of the findings.

Further studies could also consider and identify whether – and when – company ambidexterity is beneficial or undesirable for teams and individuals. It will also be worth examining the different forms of ambidexterity that exist in innovative teams, with some members tasked with developing novel ideas, for example, while others will focus on the feasibility and application of these new ideas, he says.

Reference:
Melody Jun Zhang, Yan Zhang and Kenneth S. Law, Paradoxical Leadership and Innovation in Work Teams: The Multilevel Mediating Role of Ambidexterity and Leader Vision as a Boundary Condition (June 16, 2021). Available at Academy of Management Journal: https://doi.org/10.5465/amj.2017.1265

This article was first published in the China Business Knowledge (CBK) website by CUHK Business School: https://bit.ly/3tcoeuo

About CUHK Business School

CUHK Business School comprises two schools – Accountancy and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 10 undergraduate programmes and 20 graduate programmes including MBA, EMBA, Master, MSc, MPhil and Ph.D. The School currently has more than 4,500 undergraduate and postgraduate students from 20+ countries/regions.

In the Financial Times Executive MBA ranking 2021, CUHK EMBA is ranked 19th in the world. In FT‘s 2022 Global MBA Ranking, CUHK MBA is ranked 50th. CUHK Business School has the largest number of business alumni (40,000+) among universities/business schools in Hong Kong – many of whom are key business leaders.

More information is available at http://www.bschool.cuhk.edu.hk or by connecting with CUHK Business School on:
Facebook: www.facebook.com/cuhkbschool
Instagram: www.instagram.com/cuhkbusinessschool
LinkedIn: www.linkedin.com/school/cuhkbusinessschool
WeChat: CUHKBusinessSchool

#CUHKBusinessSchool

The issuer is solely responsible for the content of this announcement.

Laos-China Railway Tests Multiple-Unit Train Control

Laos-China Railway Tests Multiple Unit Train Control

Laos-China Railway has completed testing of multiple-unit train control, combining two EMU trains.