Established in 2001, spending 20 years of development, HALCOM Corporation has gradually affirmed the position and the role in the field of Investment and Consultancy in Infrastructure Development – Urban – Hunger Eradication and Poverty Reduction. HALCOM has provided approximately 200 consulting services contracts for projects of urban infrastructure development, water supply/drainage, environmental sanitation, comprehensive socio-economic development and transport and irrigation system improvement in more than 50 provinces and cities nationwide. Despite the recent switch to renewable energy investment, HALCOM has made important breakthroughs. Accordingly, Phuong mai 3 Wind Power Plants with a total capacity of 21 MW, Hau Giang 35MWp Solar Power Plants have gone into commercial operation since December 2020.
In 2021, like many other businesses, HALCOM has faced unavoidable severe impacts of Covid-19 pandemic. However, this is also the time that businesses are required to make tremendous and prompt changes to operate effectively in the VUCA business environment. Therefore, Halcom\’s Board of Directors decided to reorient the strategy after 20 years of spectacular development, especially by applying the Malik online Syntegration method to implement “Dien Hong Halcom Conference”.
Syntegration is an effective management tool developed by Professor Fredmund Malik. This is a method to optimize meetings and discussions and maximize collective intelligence, thereby creating high consensus to solve complex problems of all organizations systematically and promptly. A Malik-Syntegration session always begins with an open question. Regarding HALCOM’s case, the open question was determined as: What does Halcom need to do to become a leading corporation in the field of sustainable infrastructure development, and how to achieve the consulting revenue of USD 5 million/year and arrange sufficiently a total of 1.5 billion USD of investment capital for green development projects (renewable energy, waste electricity, water supply and drainage) by 2026?. This question is discussed throughout the Syntegration sessions. Halcom Syntegration took place virtually in 2 days with an online platform. Participants analyzed and discussed 08 topics related to open questions, which are Sustainable Business Models, Financial Resources; Fast development and global growth; Highly adaptive organizational structure; Transparency with partners and customers; Competitiveness and creativity maintenance; Management capacity; Professional and dedicated staff.
Malik and Sleader experts from Vietnam, Australia, Switzerland, the UK and Germany played the role as the facilitator in corresponding Syntegration sessions, thereby helping all participants to contribute their ideas in an equal way. During the 2 days of the Syntegration, more than 30 Halcom members together conducted 40 discussions between groups, which received nearly 500 ideas and detailed solutions as well as implementation roadmap afterwards. More importantly, all solutions show the will and determination to realize the company’s goal in 2026.
In the context of the post-Covid-19 pandemic, along with the complexity and unpredictability of the 21st century, Vietnamese businesses and organizations need to reposition their strategies to seize new opportunities and suspend outdated business model. To do this in a timely and effective manner, it is necessary to apply Malik Syntegration, which combines System Science, Cybernetics and Biological Simulation to maximize the creativity and intelligence of each member, as well as creating effective communication. Although Syntegration is not well-known in Vietnam at present, but through the practice of Halcom, it can be seen that the replication of this model is essential to help Vietnamese businesses and organizations with smart management, thereby adapting to the Great Transformation of the 21st century and achieving outstanding success.
Source: Institute for Strategic Leadership Development Research (Sleader)
