CEO Monthly Issue 1 2018

8 CEO MONTHLY / ISSUE 1 2018 , Megasoft Limited, trading as “Myndar”, is a leading IoT (Internet of Things) technology company, based in theHongKong SciencePark.We spoke to its CEO, Dr.MatthewMan, aswe look tofindout the secrets behindhis and the company’s success. Dr. Matthew Man: A Valuable Asset to a Valuable Company. Myndar has developed over 90 patented technologies that have been developed specifically for various industries, including the Jewelry & Watches, Critical Logistics and Healthcare markets. The company’s disruptive technologies have totally transformed traditional companies into IoT digitalised enterprises, enabling automation to be built into their processes, the usage of cloud based platforms for real-time interactions, and the analysis of big data to enable better decision making. Boasting a global presence, Myndar is truly an international company with established offices all over the globe including offices in New York, Singapore, Malaysia, Thailand, China, USA and Europe. The firm’s vision is to be a local innovator with a global market reach. As Founder, President and CEO of Megasoft, Dr. Man has a variety of responsibilities, all of which are divided into four major areas; Sales & Marketing, Research & Development, Corporate Finance/Investment and Product Design and Manufacturing. Dr. Man explains more about his role as CEO as well as his leadership style. “In my role as CEO, I strongly believe that the company needs to innovate constantly to stay ahead of the market and make our competition become irrelevant. By practicing the “Blue Ocean” strategy into our business development and innovations, I have cultivated an internal culture of Dare to Win throughout our organisation. “Creating an open and honest culture, I encourage my staff to take risks, to try new ideas, new tools and new technologies that are changing and evolving every day. I accept that there are bound to be mistakes and a learning curve with any new ideas, but we have a high tolerance towards mistakes, as long as staff use these as learning opportunities and make good progress, transforming an idea into an authentic, original and innovative project that has great potential. Creativity and Productivity are one of the key performance indicators to measure individual performance. As far as I am concerned, we cannot rest on our laurels. If staff are not taking risks or trying something new then they are not innovating. There are huge opportunities for staff to push past their boundaries and grow as individuals and expand their professional knowledge; this not only benefits them personally but also benefits the company as well. As a leader, it is my responsibility to provide a safe and secure environment for staff to grow professionally by being comfortable to take risks, to try new things and to develop new technologies.” Having alluded to the open and honest culture amongst staff, Dr. Man discusses which aspects of his business really impress clients. He is always monitoring trends and other situations, believing his company’s ability to differentiate itself from its competition and stay ahead of potential developments as key factors in its success. Dr. Man believes that strong leadership is vital to a successful company. “Keeping up to date with developments, I talk to my senior staff every day whenever I can, and closely monitor the progress of our Research and Development. I am very much a hands-on leader and love to engage with our customers to understand their needs and requirements, and ensure the quality and innovation of our 1801CE04 products are meeting their demands. As a lifelong learner, I enjoy attending conferences worldwide to stay abreast of market trends and to gain insights into technologies for the future. “Essentially, I strongly believe that in order for our company to be able to survive and grow requires strong leadership with a clear vision and mission. We are constantly looking for new ideas and new solutions to address the business problems and needs for our existing and future potential customers. “Thinking outside the box and being a “Dare to Win” company, we always impress our customers with our new innovations, which brings us job satisfaction, professional recognition and financial reward.” In the eyes of Dr. Man, another of the major attributes which makes him a strong leader is his innovative nature. He believes that gaining a true understanding of the client’s requirements and expectations, and staff putting his ethos into practice has contributed to the success of both himself as CEO and Myndar as a company.