Asian Founders at Work

With a global recession looming on the horizon, ​Asian Founders at Work ​— a book on the region’s top technopreneurs — provides knowledge on how organizations can innovate in times of uncertainty.

 

Top economists have claimed that the global recession is already here. Considered the worst downturn since the Great Depression, the public health crisis has rocked the majority of industries, halting regular operations. S&P Global Ratings noted that Asia Pacific’s permanent income loss alone is estimated at $620 billion. Exact data is yet to be agreed on, but economists have acknowledged with certainty that millions of jobs are at stake. This unique situation compels companies all over the region to adapt to the ever-changing contexts of today — and to do it fast.

 

In the face of challenges, innovation becomes a necessity to survive. As Hong Kong continues its recovery from both the pandemic and the ongoing protests, the city-state’s startups of 3,000 and more are in a race to find their place in “the new normal.”

 

Businesses are strategizing for ways to soften the blow of the recession. Sourcing inspiration from the greatest minds of Asia is now an option within arm’s reach.

 

Asian Founders at Work ​is a compilation of exclusive one-on-one interviews with founders from some of Asia’s largest tech companies, including Bukalapak, Carousell, CloudFactory, Coins.ph, e27, 500 Startups, GoJek, GlueCode, iflix, JobsCentral, Lalamove, ONE Championship, Oyo Homes & Hotels, Pundi X, Rappler, Razer, Snapcart, Tech in Asia, Wantedly, Zameen, Zanroo, and Zopim.

 

Necessity is the mother of invention — history has proved again and again that start-ups boom in the presence of economic distress. The volume of innovation significantly spiked up in past recessions, and the same is expected to happen in this current pandemic. For this to happen, companies need to maximize results with scarce resources.

 

Shing Chow, Founder and CEO of Hong Kong-based Lalamove — one of the eight unicorns produced by the tech hub in the last few years — saw a chance for innovation in the ride-hailing and logistics sector and introduced it to the scalability and efficiency of a digital platform.

 

No matter what the business, there is much to be gained from Asia’s top founders. Since tech companies are driven to achieve scale, lessons from these companies can contribute to any other organizations who are similarly looking into growth amidst high risks.

 

Authored by Ezra Ferraz and Gracy Fernandez​, ​the book gives an opportunity for businesses to bounce back by taking heed of what some of the most innovative companies did right.

 

“It’s worth noting that this book is not solely aimed at tech leaders. Whether your business is corporate, small business, or social enterprise, there is always something to be picked up from how the largest tech companies managed to make it big. Growth during the recession may be challenging, but it is achievable with the right knowledge,” said Ferraz, who is also the managing partner of ​Ambidextr​, a tech-focused digital marketing agency that handles ​media relations​, ​events management​, ​social media marketing​, and ​lead generation​.

 

The stories of these founders are told in an intimate Q&A format established by the original Founders at Work​ published by Apress in 2007. These interviews include a thorough exploration into so-called ​unicorns​ (companies whose valuation exceeds US$1 billion), notable exits via acquisition and IPO, and newer startups shaking up the region’s traditional industries.

 

“Innovation is crucial at a time like this. With the recession drawing near, these stories need to be heard and studied perhaps more than ever before,” said Fernandez, who is a regular contributor to ​Entrepreneur Asia Pacific​ as well as ​KitaMo​, a digital-first publication that helps improve financial literacy among Filipinos across ​planning​, ​saving​, ​investing​, and ​insuring​.

 

Asian Founders at Work​ is out now from Apress and can be ​purchased at Amazon​.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

CEOs That Crashed and Burned in 2022

CEOs That Crashed and Burned in 2022

As 2022 draws to a close, it is time to sit back and reflect on events that have unfolded this year—the good, the bad and the ugly. We saw massive layoffs in the tech space and a devastating crypto market crash with one crypto company going down after another. You must have seen article after article talking about the situation with Luna and Celsius as well as the recent bankruptcy filings of FTX and BlockFi.

TOKEN2049 London Recap

TOKEN2049 London Recap

TOKEN2049 London is the second part of the greater annual TOKEN2049 event. Every year, the event is held in both Singapore and London, bringing together a wide variety of Web3 participants from developers, thought leaders, founders and investors.

How Charming Men Get Away with Fraud

Bernie Madoff vs. FTX: How Charming Men Get Away with Fraud

The recent FTX scandal has all the trappings of a Netflix drama series where the business tycoon—once lauded for his power moves—is brought down by greed, selfishness and the judiciary system (The Wolf of Wall Street, much?). The CEO of crypto exchange FTX, Sam Bankman-Fried, has come into the spotlight for bringing about the downfall of FTX and his other company Alameda Research. In November 2022, he filed for bankruptcy for both companies after a devastating collapse in the public eye.

New to the Forex Market The Ultimate Toolkit for Success

New to the Forex Market? The Ultimate Toolkit for Success

Foreign exchange trading can be a tricky business. When it comes to choosing what tools will be the most effective in your forex trading journey, there are a few aspects to consider. Whether you are a brand-new trader or a seasoned veteran, some of these tools will always be handy to help you not only find the diamonds in the rough but also stay focused on your goals.

Looking Back on the Top Skincare Trends of 2022

Looking Back on the Top Skincare Trends of 2022

Going makeup free during the COVID-19 pandemic has whipped up interest in skincare, with people spending more on in-clinic aesthetic treatments and buying more skincare products. As of 2022, revenues in the beauty and personal care industry have reached US$534 billion. Of this, the skincare segment makes up a total revenue of US$153.30 billion, growing at a CAGR rate of 5.19% in the next five years.

Is It Ethical to Be “Overemployed”

Is It Ethical to Be “Overemployed”?

According to the American Bureau of Labor Statistics of August 2022, more than 7.5 million workers in the U.S. are overemployed, that is, they hold more than one job. With the pandemic leading to an increase in remote working and making people concerned about job safety, it doesn’t take a genius to see why people would choose to work multiple jobs.