At EO’s 2024 World Management Convention (GLC) in Singapore, greater than 1,800 EO members from 65 nations convened for the chance to be taught and collaborate. This system included 10 visitor audio system and keynotes on the principle stage, studying tracks tailor-made for EO chapter management positions, and off-site studying and inspiration within the type of Study Arounds.
Throughout 9 custom-designed Study Round excursions to Singapore companies, most owned by EO members, teams of EO members loved behind-the-scenes entry to native enterprises together with Artistic Eateries, LionsBot Worldwide, Brass Lion Distillery, LeVel 33 Brewery, and Goldbell Group. By these and different immersive off-site studying experiences, EO members expanded their views, sparked collaboration and creativity, and fostered deeper connections.
EO members responded with enthusiasm to this distinctive alternative:
“A brilliantly curated expertise by EO, the Singapore Road Artwork Study Round was a mesmerizing journey by means of town’s inventive soul,” mentioned Marc Gregory, an EO Johannesburg member. “It was an unforgettable expertise the place we bought to attach with EOers world wide whereas capturing the essence of Singapore’s dynamic avenue artwork scene, which was a spotlight of the GLC expertise!”
Different Study Arounds centered on sensible management subjects equivalent to succession planning in a household enterprise, challenges and options in native manufacturing, operational effectivity and useful resource administration, and progressive applied sciences.
GLC attendees left the convention room to totally have interaction in a hands-on studying journey that related theoretical information with real-world encounters, and uncovered fascinating human narratives in every enterprise that hosted them. The Study Round hosts personify the spirit of EO’s thirst for studying by sharing their tales, challenges, and experiences.
We requested two Study Round hosts about their experiences connecting with EO members at GLC by means of internet hosting members for an immersive expertise of their vibrant Singapore companies. Right here’s what they shared:
Study Round Host Bonnie Wong (EO Singapore): Artistic Eateries
“Alternatives to satisfy like-minded entrepreneurs from all around the world are few and much between. At EO international occasions, I’m reminded that whereas every of our challenges is exclusive, we’re additionally so comparable. It was very humbling to see so many members come and hearken to our story,” mentioned Bonnie Wong, an EO Singapore member and second-generation proprietor of Artistic Eateries. “The vitality, positivity, and humility that EO members present additionally assist to encourage me to beat my very own challenges.”
Based in 1992 by her father and enterprise companion, serial restaurateur Anthony Wong, Artistic Eateries has stood the take a look at of time in Singapore’s aggressive meals and beverage panorama.
Bonnie and Anthony shared the journey of how their firm developed, the crises that molded the corporate, and the individuals who stepped up in pivotal moments. They emphasised the significance of succession planning, and the pitfalls and challenges it entails in a household enterprise.
One of many classes Bonnie hopes EO members took from their Study Round expertise is “Nothing ventured, nothing gained,” she mentioned. “Succession planning should be repeatedly labored on, regardless of the challenges and tough conversations. Companies have to be grown to a sure dimension for the subsequent technology to be interested by working them. There must be monetary incentives for the subsequent technology moderately than purely filial piety,” she famous.
She shared the challenges founders face in studying to let go of the profitable companies they constructed little by little. “Within the strategy of letting go, you will need to return to the start and bear in mind the unique goal of the enterprise.”
“Being current within the restaurant that we’ve got operated for the final 30 years confirmed a few of our firm’s historical past and the way we survived the varied crises that we encountered,” Bonnie continued. “I feel EO members appreciated the candid interplay between our two generations and the distinction in views.”
Attendees weren’t the one beneficiaries of the Study Round. The hosts additionally gained insights. “I realized that you will need to talk intently with the founders of the enterprise to align expectations and targets and that the subsequent step may be completely different from what was initially constructed,” Bonnie mentioned. “We simply want the braveness to stroll the trail.”
Study Round Host Dylan Ng Terntzer (EO Singapore): LionsBot Worldwide
We additionally related with Dylan Ng Terntzer, an EO Singapore member who based LionsBot Worldwide, a high-tech firm that solves the scarcity of cleansing employees by designing, constructing, and programming autonomous cleansing robots to help cleaners in enhancing their effectivity and value financial savings.
Why did Dylan determine to host a Study Round? “Connecting with EO members at GLC is at all times inspiring, because it gives a possibility to have interaction with like-minded and daring entrepreneurs. The vitality is excessive, and nice concepts come up throughout the session.”
Dylan shared insights into his firm and highlighted their product growth course of and challenges, which embody their decision-making course of and useful resource constraints. He shared insights on reaching sustainable development, product diversification, and international growth — all whereas adapting to various buyer wants.
“I hope attendees gained a brand new perspective on the significance of being daring and having enjoyable in what we do,” Dylan mentioned. “Moreover, we emphasised the significance of at all times considering out-of-the-box to do issues quicker, cheaper, and higher.”
GLC members engaged in an interactive problem-solving train throughout the Lionsbot manufacturing unit tour, the place they might see, contact, really feel, and be taught concerning the robotic manufacturing course of. Nevertheless, members weren’t the one ones who gained actionable insights.
Internet hosting a Study Round is a studying alternative in itself: “I realized the worth of interactive engagement and the way it enhances the training expertise for members. It bolstered the significance of making a dynamic surroundings the place attendees can actively take part and be taught by means of expertise,” Dylan shared. “It will encourage us to conduct coaching and studying periods otherwise for our workers and prospects sooner or later.”
With their thirst for studying momentarily quenched, EO members who attended Study Arounds at GLC made robust reminiscences and connections with their hosts and fellow members.
“My takeaway: I’m humbled. I can be mining the studying from yesterday for the remainder of my life. I’ve a much bigger imaginative and prescient of at the moment, tomorrow, and without end because of this,” mentioned Dan Rogers, EO Seattle. “Thanks, EO!”
For extra insights and inspiration from at the moment’s main entrepreneurs, take a look at EO on Inc. and extra articles from the EO weblog.