International Women’s Day: Weighing in on Gender Equality and Female Empowerment

The working woman should be lauded for her contributions to modern society, and this International Women’s Day, The Great Room had the privilege of sitting down with four such ambitious and highly capable women for their insights, experiences and advice.

Walaimas Jerdmethawut
Sales Manager, Upfield Professional
The Great Room Gaysorn Tower, Bangkok

As Sales Manager at the world’s largest plant-based consumer product company, Jerdmethawut is living her dream of working with a firm that shares her passion for the environment and delivering healthful products to the people.

The difference between men and women in leadership is… Men tend to be direct, and they do not take things to heart after an intense discussion. Women are great in a collaborative setting and at being emotionally sensitive to the people around them, which leads to great teamwork. We just need to be open-minded, as there are skills to learn from both genders.

Women at work should… Empower each other while being mindful. They should speak up for what they believe in, rise above the noise and focus on delivering results. This is how they can stand out from the crowd.

My female role model is… My mother, who taught me about hard work and diligence. In the 30 years, she has worked for our family business, she has only ever given herself one day off a month. She even taught herself English and Mandarin so she could better communicate with her customers. Her work ethic inspires me to never give up and to never stop learning.

Chloe Cortinovis
Co-founder and Managing Director, Bienvenue Factory
The Great Room Raffles Arcade, Singapore

After a 20-year career in brand development, Bienvenue left Europe for a new eye-opening adventure in Asia. She co-founded Bienvenue Factory in 2018, and is changing the retail landscape with omni-channel trade strategies.

A good leader is… Someone with sharp emotional intelligence, and who can bring people together through an inspiring vision and an unswerving exemplarity!

My hope for women today is… That they be allowed to take control over how they want to manage their personal and professional lives. In my time, recruiters would dare to ask me during interviews if I was planning on having a third child. I very much hope this has now stopped.

My superwoman power is… I can juggle thousands of responsibilities at the same time. I am immune to stress.

I would like to celebrate International Women’s Day by… Replacing all the world leaders with women and see how the world works then.

May Yin Lee
Account Manager, Teads Hong Kong
The Great Room One Taikoo Place, Hong Kong

A self-professed “people person” with a background in customer service, May knew she would be a great fit in the media industry. After a few years working in agencies, she realised that Advertising Technology (Adtech) was the future, so she joined Teads and now helps its clients reach their audiences in non-intrusive ways.

My advice to those looking to join this field is… Not to be afraid to show your personality — it could be your best weapon. Also, think outside the box because everyone is different and being agile with people is a useful skill. Finally, be nice to everyone. That intern you worked with might become your client one day.

Gender equality means… Allowing everyone the opportunity to be whomever they want to be. Women as leaders are rare in this male-dominated industry, but so important, which is why I’m aspiring to be one.

My female role model is… Sabrina Cannon, a manager from my days working for Harrods in London. She was charismatic and smart. I really looked up to her. Despite her busy schedule, she was always looking for ways to maximise her team’s potential. She gave me the drive to be the best version of myself, and played an important role in shaping who I am today.

Maria Karacheva
Director of Sales & Marketing, Ramada Resort by Wyndham Khao Lak
The Great Room Gaysorn Tower, Bangkok

Leading three departments — Sales, Marketing and Distribution — for an established big name hotel is no walk in the park, but it is all in a day’s work for industry veteran Maria Karacheva. After a decade working for another international chain, a hunger for change and an opportunity to learn something new led her to the Ramada Resort by Wyndham Khao Lak.

The women I think have moved the needle for female empowerment are… Malala Yousafzai, Greta Thunberg and Mari Copen, just to name a few. I am very impressed with this generation of women who aren’t afraid to speak up and demand change for a better future. We have a long way to go to achieve gender equality, but I have no doubt that female empowerment is in the good hands of these bright, young women.

On International Women’s Day, I want young, career-minded women to know… That it is not going to be easy, but it is absolutely possible. Besides, what would be the fun in doing anything that is too easy? I also feel like some women, myself included, feel easily discouraged in the workplace. We should stop taking things personally and just strive for the best. If we don’t stand up for ourselves, nobody will.

My superwoman power is… Super multitasking. My schedule is packed daily both inside and outside the office. This may surprise you, but the more I have planned, the more I am able to achieve.

Hong Kong’s Decentralization of Business Districts: Why Major Brands are Moving to Quarry Bay

Central is no longer the only core business district in Hong Kong. High Rental Prices Driving companies to look outside of Central

Thanks to Hong Kong’s continued growth as Asia’s leading financial hub, the demand for Grade A office space in Hong Kong continues to grow with vacancy rates in the traditional CBD area of Central, hitting a record low of 1.6% in 2018 according to Savills.

This, combined with the influx of Mainland Chinese companies looking to secure prime locations in Central, has drastically driven up rental prices, forcing many companies to look elsewhere for competitively priced, quality office space.

In recent the years, the focus has turned to the East of Hong Kong Island and specifically, Quarry Bay. This former sugar refinery and dockyard has developed into Hong Kong’s secondary core business district attracting both the large multinationals from Central as well as the burgeoning SME’s that are a product of Hong Kong’s ongoing success story.

However, this has not all be down to simple market economics.

“This whole theme of decentralisation in Hong Kong will continue, and follows what other financial centres in the world have experienced.” Don Taylor Director of Swire Properties.

Swire Properties

The major driver behind Quarry Bay’s success story is Swire Properties who, since the early 1990s, have developed Taikoo Place into a hub of eight interconnected Grade-A office towers with a total gross floor area of over 5 million square foot.

In 2017, it was announced that Swire would invest HK$15 billion developing two Triple Grade A office towers: One & Two Taikoo Place.

One Taikoo Place: Home to MNC and SMEs

Completed in October 2018, One Taikoo Place (OTP) has been awarded a LEED (Leadership in Energy and Environmental Design) Platinum Certification, adding an additional 1 million square foot to Swire’s existing Taikoo Place portfolio.

Attracting multinational tenants from the financial, legal, insurance, media, luxury brands as well as professional services, OTP has further demonstrated the ongoing decentralisation taking place in Hong Kong.

Companies in OTP
Finance : Royal Bank of Canada
Legal: Baker McKenzie, Eversheds, Simmons & Simmons
Insurance: AXA, Chubb, Metlife
Luxury Retail: Kering Group, Prada
Media: Facebook, IPG McCann
Professional Services: Ernst & Young

In addition to these large multinational tenants, Swire Properties have also chosen Singapore co-working provider The Great Room to occupy an entire floor at OTP. Designed to add both additional amenity space and flexible office solutions to both the multinationals and SME’s looking to gain a foothold in OTP, The Great Room opens in March 2019.

As the largest Landlord in Quarry Bay, Swire Properties have also been able to masterplan the Taikoo Place precinct;, utilising elevated air-conditioned walkways to connect the office towers to Quarry Bay MTR and incorporating 70,000 square foot of landscaped gardens as well as adding a variety of shops and dining spots.

New Central – Wan Chai Bypass Tunnel

The opening of the Hong Kong Government’s HK$36 billion Central – Wan Chai Bypass Tunnel in January 2019 has been another incentive for businesses to move East. This huge infrastructure project has cut the travel time from Quarry Bay to Hong Kong Airport Express Station at IFC to just under 10 minutes by car and 40 minutes to Hong Kong’s International Airport.

Relocation of Government Agencies

Recently, the commercial real estate market has been filled with news that Hong Kong’s financial regulator, Securities and Futures Commission (SFC), will relocate to One Island East, signing an 8 year lease commencing January 2020.

This has not come as a surprise to many observers who feel that this represents the SFC’s desire to save on its rent roll in Central and that the move will further encourage other businesses in the financial and professional services industry to decentralise.

Live in the Moment and Be Great at What You Do

Zi En, Co-founder of HASIKO, is a former banker turned serial entrepreneur and a qualified Pilates instructor. HASIKO was founded to empower people to lead their best lives by forging strong connections with their mind, body and self.

She shares how being present can make you happier, reduce stress and perform better at work.

Most of us are not fully engaged in what’s happening in our daily life. We are constantly in our heads anticipating how something will turn out, or thinking about how things didn’t happen the exact way we wanted it to.

The result is that we live with high levels of stress, tension, frustration and anxiety everyday. Not only does it take away joy in our everyday life, living in this distracted manner decreases our productivity and performance.

The Mind Hack: Be Present

In his TEDx talk, Matt Killingsworth, a Harvard psychologist who ran a study that gathered 650,000 data points from 15,000 people across 80 countries discovered this:

“We are substantially happier when we are are fully engaged (being present) in what we are doing.”

We are less happy when our mind is distracted regardless of what we are doing. For example, commuting to work is something that most of us do not enjoy. Yet, Matt’s research showed that people who focused on their commute instead of letting their mind wander off were substantially happier. This pattern held true for every single activity that was measured.

In addition to higher happiness levels, you enter a state of flow when you are fully engaged and present in an activity. This is a state of being where you are able to tap into your highest abilities, where you are at the optimum level of clarity and focus, and where your performance level is at its peak. Research by the Flow Genome Project found that being in “flow” can boost human productivity, learning, and skill mastery by 490%. It’s the state that elite athletes are in when achieving superhuman feats, and it’s not exclusive to them.

However, we are a distracted breed. Matt’s research shows that we are only present 35 – 50% of the time in our daily life.

So How Do We Be More Present?

This is not about ignoring the past or the future. Our capacity to learn from the past and plan for the future is immensely useful. Just that when you are doing them, do them with your full attention. That’s being present and in flow.
There is no magic formula or a single method that works. Just like learning anything new, start with small steps and keep practicing. Here are some simple ways you can start with.

1) Start Your Day With Some Quiet Time

After scrambling to get the kids off to school and driving through rush hour traffic, most of us come into work already stressed and on the edge. In this frazzled state of mind, you are more likely to be stressed out by things at work.
Start your day with 5 minutes of quiet time, have a cup of tea, a nice shower, or focus on your breath. You may find that the stresses of the day roll off your back easier.

2) Focus On One Task

How often do you switch from your inbox, to a conversation with your colleague? Or from reading an article to checking messages on WhatsApp. Our attention is being demanded by so many things that we are constantly pumped up on cortisol. Our distracted mind feels overwhelmed because it’s constantly shifting from one thing to another.

Try this instead. Switch off all distractions and set a timer for 20 minutes. Pick a task on your to do list and fully engage in it. Besides lower stress levels, you’ll get more done than when you were multitasking.

3) Practice While You Wait

Embrace the daily pockets of waiting time as opportunities to practice being present. When waiting for the lift or in line for your coffee, instead of looking at your phone, practice being fully present. Observe what is happening in that moment without any judgment or commentary about how the line is slower today because the lady at the counter doesn’t know what she wants. Just notice what you see, hear, or smell.

4) Be Intentional

Our intentions drive our focus. An effective way to build a habit of presence is to intentionally practice for a month.

Home & Away: Leaving Home for a Hot Desk

Journalist, editor and brand content consultant Christian Barker explains why he ‘left home’ for a desk at The Great Room.

Working where you sleep does have its downsides — as I discovered during a year freelancing from a home office.

It was terrific having the ability to send my kids off to school in the morning and greet them when they got home. However, disruption’s inevitable — if you’re parenting properly, your attention will be on your kids. They’re going to be, for want of a better word, a distraction. And at home, they’re far from the only one.

I’m lucky enough to live in a particularly green, leafy suburb of Singapore. Ah, the serenity… Yeah, not so much. Throughout the home-work day, there was always someone trimming those leaves or resurfacing the road. Or noisily knocking down a building to then noisily construct another. Or practicing beginner’s violin. Or playing Chinese opera at volume level 11. Not exactly conducive to concentration.

You need self-discipline to stay focused when you’re working at home, blocking out disturbances, avoiding the lure of social media — especially tricky, since it’s your main link to the outside world. Working from home is lonely as hell. Isolating. And since you’re alone, out of the public eye, you tend to let yourself go a bit.

I started getting out of shape, too, thanks to the irresistible proximity of the snack-packed kitchen. (Pringles: “Once you pop, you can’t stop.” Now that’s truth in advertising.) And because the closest gym was miles away, I never worked out. It wasn’t working out. I was always at home, but I was always at work.

I hadn’t even thought about coworking — a concept I wasn’t terribly familiar with, to be honest — when one weekend, I was invited along to the opening party for The Great Room’s first space in the Singapore CBD. Right away, the design and ambience ‘spoke to me’ and I decided to take up a trial Hot Desk membership. I’ve been here ever since, two years on, and can honestly say trading a home-office for The Great Room changed my life.

I still get up in the morning and farewell my girls, but then I make like Barney Stinson and “suit up” (or at least, get dressed properly). Having a little bit of pride in your appearance makes a big difference to mindset. I leave home and hop on the train — okay, commuting isn’t exactly fun per se, but it provides a clear demarcation between personal and work life, which simply blur into one when you work from home. And then, I arrive at this beautiful Mad Men-ish office and grab a seat.

When you hear ‘Hot Desk’ — the level of membership I maintain — you might get the idea it’s a scramble to find a place to sit each morning, but that’s not the case at The Great Room. I’m at the same individual marble table, on the same leather banquet, nearly every day. The desk isn’t ‘mine’ exclusively, I have to pack up all my things and put them in my locker at night, but there’s something zen about that — I love the calmingly Marie Kondo-esque sense it gives me of starting and finishing every day with a clean slate.

What really sparks joy, though, is the community. I’m constantly meeting interesting people at The Great Room, making friends, picking up new clients and discovering potential collaborators. And none of it’s forced. Unlike a regular workplace, you don’t have to endure anyone’s company because of office politics. You may be coworking together, but they’re not your coworkers. You can take them or leave them. Don’t like the person you’re sitting next to? Fine, move.

Luckily, that’s rarely necessary — I find The Great Room attracts a pretty high standard of human being, many of them doing inspiring things in their particular field. Those community bonds are strengthened through regular networking sessions where the conversations and libations flow.

All up, operating out of The Great Room has made me more productive and focused, improved my sense of work/life balance, and given me a space where I’m proud to host clients, suppliers and guests. (You can hardly have them around to your apartment, can you?) It’s an inspiring environment, full of inspiring people, which makes for inspired output. Best of all, it lets home be the place I go to wind down when the work is done. Like right now.

Drive to Succeed: How to Accelerate Your Content Marketing Efforts

Luann Alphonso is the managing editor of vastly popular online portal LifestyleAsia.com and the head of digital content for Singapore and Malaysia at top international publishing house, Burda International Asia. Here, Ms. Alphonso, who is also a passionate auto enthusiast and respected motoring journalist, reveals the lessons she’s learned at the wheel of the world’s fastest cars — as well as wisdom gleaned steering LifestyleAsia and Burda International Asia’s regional content strategy.

The Great Room: Luxury sedan, high-performance supercar, efficient hatchback, reliable family wagon… If you were to liken an effective piece of content to a car, which type would it be, and why? 

Luann Alphonso: I would go with high-performance supercar. Many supercars are hand-built, specialised vehicles with advanced structuring, which demonstrate passion. Likewise, a credible, engaging story is painstakingly put together after hours of research and provides value to its readers and consequentially strengthens relationships for the brand.

TGR: Which skills, honed behind the wheel, have you applied to your role as Head of Digital Content with Burda Singapore & Malaysia?

LA: Not so much a skill but rather, a habit — adjusting your mirrors to cover your blind spots. Very often, smaller problems tend to go unnoticed and can snowball very quickly. To prevent that from happening, I check in with the team regularly and liaise with different departments to make sure we get a clear view of impending problems.

TGR: What are the most important factors to consider when crafting a piece of content? 

LA: Target audience, the purpose of the content and the value and longevity of the article.

TGR: What should non-specialists (start-up founders, for instance) do to ensure the content they publish on their own blogs and social media channels captures the audience’s attention? 

LA: Depending on the capability of the platform, measuring and analysing responses and reactions from past articles is a good way to adapt one’s content and constantly improve.

TGR: In your opinion, do all businesses today need to evolve to become ‘pseudo publishers’, constantly pushing out content? 

LA: If a particular company does not have the ability and resources to execute proper content with the help of functional departments, it is advisable to reconsider publishing, as poor content can greatly decrease brand loyalty.

TGR: Why is it important for a business to create content that engages, entertains and educates the customer — rather than simply trying to ‘sell’ to them?

LA: It’s a game of patience. Well thought-out content is about giving, not selling. When we give the audience a memorable read, it builds positive brand association which can, in turn, generate sales.

TGR: Editorial vs. content marketing vs. advertising — what’s the difference? 

LA: Using a car as an analogy, I would say that editorial is the engine, the heart that drives emotions, and content marketing is the steering wheel with the destination in sight. And finally, advertising is the sleek exterior — complete with a glossy finish.

Enterprise Solutions: Coworking Thinks Big

Corporates are increasingly gravitating to coworking, attracted by the simplified set-up process, increased flexibility, reduction of replicated or redundant resources, and bespoke solutions coworking can offer. Director of Enterprise Sales at The Great Room, Sarah Ingham, explains why. 

Establishing a new, permanent office in a city requires significant capital expenditure and generally, locking into a lengthy lease. It’s a big financial commitment and highly time consuming — the company will need someone on the ground who is completely focused on finding the real estate and then project managing the office fit-out, handling the various tenders and so forth. Many companies don’t have that personnel in place, and if they do, they won’t necessarily be based in the city where the new office is being established.

One of the biggest advantages we can offer is to act as the client’s representative, a ‘one-stop shop’ providing a turnkey solution for that enterprise company, creating a bespoke fit-out coordinated by our experienced designers in consultation with the client, but where the furnishings, fittings and infrastructure are the property of The Great Room. This allows the company to turn what would normally be a capital expenditure into something that falls under the operational expenditure budget, meaning they can amortize the spend over the term of the contract.

This is another area where we can provide increased flexibility — even for a fully bespoke space, the contract term could be just 12 months; or less in a situation where the enterprise is moving into one of our beautifully designed, pre-existing spaces. That’s a real benefit to a company that may be growing or otherwise fluctuating in size, or one that is perhaps looking to establish a temporary outpost to fulfill the needs of a particular project or contract.

As The Great Room expands and builds new spaces across the region, we’re in the privileged position of being able to work in close collaboration with enterprise clients and construct spaces that are precisely matched to their needs. It’s very much like going to a bespoke tailor, as opposed to shopping for ready-to-wear. Rather than try to slot a client into the spaces we have, we set out to custom-build the perfect solution to fit the client.

Our skilled designers will ascertain the unique parameters and create various options — A, B or C — for clients to choose from. For instance, do they need an exclusive, permanent entrance and reception area of their own, or will sharing The Great Room’s signature hospitality-influenced lobby and common areas suffice? Does a CEO who spreads his time across various international facilities need a permanent office of his own, or can one be allocated as-and-when needed? Are there other transitory staff who’ll need hot-desking solutions? Is a board room, which may only in fact be used a couple of hours per day, really necessary, or would it make more sense to book a shared space whenever necessary?

As commercial real estate costs continue to rise, not least in Southeast Asia, companies are now becoming more conscious of the square footage they’re using and how efficiently it is being utilised. Some companies will insist on having their own reception area and meeting rooms, and we can most certainly accommodate that demand. But for those wishing to be a little more agile, we can help them increase efficiencies by integrating their front-of-house operations and meeting rooms within our coworking facilities, and provide various other anciliary services that will allow them to keep headcount a little leaner and decrease their overall office footprint.

In Singapore, we recently signed contracts with a leading IT security firm and major insurer, both occupying a bespoke space with several dozen desks. Clients like these say they appreciate The Great Room for our high standard of elegant, tasteful design, and that we really listen and come up with a unique solution. It’s not the ‘one size fits all’ situation, common to many other cowork providers. We are delivering a service, and we’re dedicated to providing our enterprise clients with workspaces that are utterly tailored to their needs — today, and in future.

Like a bespoke suit that can be altered as you change shape, The Great Room’s enterprise solutions are incredibly flexible, meaning your space can evolve along with your business and your people’s demands. For a forward-thinking CEO with a long term vision, that’s a very attractive prospect.

Peak Performance: How Entrepreneurship Is Like Climbing Everest

The incredible people at The Great Room is at the heart of what we do. This is a story about GRIT and GREATNESS.

One of our long-standing hot desk members, Paul Valin (MD of Samara Consulting) provides support to European startups establishing operations in Southeast Asia, helps identify strategic partnerships, offers advice on angel investments and mentors founders in fields including fintech, ecommerce and pharmaceuticals.

In his private life, the Frenchman is also a passionate mountain climber who earlier this year, achieved a lifetime goal of summiting Mount Everest.

Here, Paul shares his heroic experience climbing the world’s highest, most formidable peak. And how that parallels the challenges he faced in his startup journey.

The biggest similarity that strikes me between climbing and entrepreneurship, is that they’re both about taking things step by step. Climbing a mountain, like Everest, or establishing a business, they’re both long, tough processes. And a lot of it, you have to handle on your own.

Before facing either challenge, you have to ensure that you’re prepared — mainly, mentally prepared. But in climbing, of course, there’s a big physical aspect to it as well. I’ve been preparing myself since 2013. This year’s climb was my second attempt to summit Everest, I’d previously tried in 2014. I wouldn’t say that I failed that first time — they closed the mountain after a disaster, an ice avalanche that tragically killed 16 sherpas. There’s a risk involved in entrepreneurship, however in climbing, the risks are obviously greater. You can die.

Approaching Everest, you need to be ready mentally to endure this long and very tiring ascent where anything can happen — you can get sick, you can get weaker. So you need to be ready in your mind for that, and you need to train hard, physically, for that. I’m quite a big guy, I weigh more than 100kg, so that was the first challenge: Could I do it with my weight? I had to find a chief of expedition to take me because I didn’t have so much experience in high-altitude mountaineering, we went to Nepal in 2013 to test my capacity to handle high altitude, and subsequently we made the first attempt in 2014 and tried again this year. Equally, in business, it took a long time to ready myself before I fully became an entrepreneur.

The stakes are much higher in climbing, the risks aren’t just to the health of your business but to your life and limb, your physical wellbeing. But in a similar way, when you embark on the entrepreneurial journey, you have to recognise the fact that you might fail. A lot of startups, in fact, most small businesses do fail. So you have to be mentally prepared for that to be a possible eventuality.

More to the point, you have to be aware that you may fail and even if you do fail, you’ve just got to stand up again — you have to go back and try again. Over there on Everest, a few times, including one point a few hours before reaching the summit, I was in a situation where I was really down and I was thinking, ‘Boy, I am going to make it?’ But finally you find some strength and in the entrepreneurial story, it’s the same – everyone faces big issues when they launch and when they’re running their own company. You just have to push through it.

For me, running my own business, on my own — that’s my idea of freedom, taking a risk and going for your dream. If you don’t take the risk, you’ll never know what could have been – you’ll never know what’s after the bridge, you might say. It was an amazing feeling for me, succeeding in climbing Everest. I had what they call ‘summit fever’: I couldn’t use my hands any more, my sherpa had to fix my rope, I was going very, very slow. But I was compelled to continue, and when the sun rose a couple of hours before I reached the summit, it was really stunning and that was the peak of emotion for me.

I had very good weather conditions and was lucky enough to spend an hour on the summit. I thought, ‘You will never come back here — enjoy it!’ Then I mustered my strength, because most of the accidents happen on the way down, but it’s compulsory that you move on, you cannot stop there, you cannot stay and rest there. It was frightening, facing that return journey. It’s another 12 hours to go down. The climb is very, very long and though reaching the summit feels like a success, you also have to survive the trip back down.

As an entrepreneur, I’d say I am more confident as a result of climbing Everest. I think my clients trust me even more, knowing that they’re working with someone who can handle that level of stress. My clients respect it. On a personal basis, it’s a game changer. It will probably take me another couple of years to fully process and digest the ways it has affected me. This has been a dream of mine since I was a little kid. When you make a dream reality, that changes you.

The Great Room brings together a like-minded community. Our Hot Desk membership is ideal for small teams and solopreneurs looking for an inspiring workspace and community. When extraordinary people come together, great things happen.

Why Coworking Is The Future of Work

The traditional workplace has just about had its day. Boasting numerous benefits in terms of profitability, sustainability, employee satisfaction and performance, coworking is clearly the way of the future.

Technology means many of us no longer need to travel to a central repository of information and hub of collaboration — what has traditionally been known as an ‘office’ — in order to get our work done. We can access the info we need anywhere, anytime, and are able to easily, effectively communicate with our colleagues despite occupying different physical spaces, whether they be across town or on the other side of the world.

In 2019, most professionals spend at least part of their day working from a ‘virtual office’ of one sort or another, using an electronic device at a café, while in transit, at home, or ever more frequently, in a coworking space in Singapore. It makes sense. Why tether yourself to one location when technology has made it possible to work wherever and whenever you find it most convenient?

Having the majority of workers commute to and from the same part of a city, at the same time of day, puts both infrastructure and the workers themselves under a huge amount of stress. There’s also an enormous environmental impact that results from fleets of private cars and public transport ferrying armies of workers great distances from their homes to their workplaces and back again, with most of the traffic concentrated in peak times. Meanwhile, a globally-interconnected marketplace and workspace make the traditional nine-to-five redundant — when your clients or colleagues are dotted across the globe, the hours of the ‘workday’ become way more elastic.

Companies are increasingly realising that coworking spaces provide an effective solution to the demands of the new working environment — and the desires of the modern worker. Basing individuals or groups of employees out of shared office spaces closer to their homes allows them to commute short distances on foot or by alternative, greener means of transport such as bicycles — while still remaining in touch with colleagues and linked in to central information systems technologically.

Working in or near their residential neighbourhood benefits staff by reducing painful, tedious commutes and the congestion and pollution they cause, and gives people greater freedom to attend to family and personal matters. Workplaces in close proximity to home are a particular boon to entrepreneurs and employees with parental responsibilities, especially women, who continue to bear a disproportionate share of the caretaking load.

So why not simply work from home? Well, the biggest issue is, people find that home-working can be a lonely and isolating experience. They crave the human interaction and fellowship that a shared workplace provides — although they increasingly shy from the overly structured, stifling environment of a corporate office.

One of the key benefits of a coworking space is that it lends a true sense of community (one of the key tenets of the coworking movement) while avoiding the office politics and rigid structure — a fixed location, fixed desk, fixed hours, fixed individuals to interact with — of a traditional, single-company workplace. Studies show that workers thrive in this more flexible setting, feel greater freedom and are inspired by the unforced relationships they develop and interactions they experience, at their leisure, with professionals from disparate fields.

But it’s not just workers that benefit from coworking. Companies, small and large, now recognise that utilising coworking spaces can provide vast economies of scale, cost savings and sustainability benefits. The traditional high-rise office block sees a huge duplication of resources — everything from multiple staplers right up to a surfeit of printers and numerous individual (hugely expensive) IT infrastructures. Coworking allows tools such as these to be shared and the financial outlay spread across users.

The flexibility of coworking spaces means that when scaling up or down, a company can be nimble and not incur the costs of replacing, expanding or contracting a fit-out, while at the same time, avoiding the penalties that can be levied for breaking a standard, long-term office lease. The cost benefits of using a coworking space come into starkest relief for small companies with around four staff — many boutique businesses like this report cost savings of 25 percent per annum by using a coworking space rather than a small, individual office.

Saving companies money, saving workers’ time and frustration, and in many ways, helping save the environment, coworking is a huge problem-solver — and the way of the future.

The 3 Essentials of Successful Corporate / Startup Partnerships

Jupe Tan is Managing Partner, Asia Pacific, at Plug and Play — an investments and innovation platform that helps startups in areas including fintech and insurtech, mobility, travel / hospitality and supply chain connect with corporate investors. Here, he explains three key points corporations must address and startups take under consideration before sealing a deal.

In the two decades since the first dotcom boom, technology has become increasingly pervasive in a growing list of industries around the world. From agriculture to aerospace, from personal to professional services — today, numerous existing products, solutions and entire business models are being disrupted.

As access to information and technology increases and product development cycles and time to market decreases, startups are engaging with more industries than ever before. Corporations from around the world — from publicly listed companies to privately held conglomerates — are working with and investing in more and more startups to complement internal efforts to innovate.

At Plug and Play, we constantly engage with corporations and startups through our open innovation platform, with over 50 accelerator programs running in 25 cities around the world. While every engagement between a startup and corporation is different, here are some best practices that we can share:

1. Ensure alignment from internal stakeholders

Innovation in a large corporation requires support on many fronts. Top down, management-level desire to explore potential new solutions and technologies from outside the organisation is essential. Management can have blind spots or may be unwilling to acknowledge external threats to their business. An excellent example is Blockbuster. The American company known for its brick-and-mortar movie and video game rental services identified the threat of Netflix too late and shut down after almost 30 years in business.

With management support, resources can be allocated and a team (or teams) can be tasked to act as champions to interact with relevant business units. Heads of business units must also be supportive and in sync with management.

2. Streamline collaborative efforts

Corporate business units should be empowered to look internally at potential technology and business gaps and then work to translate them into specific problem statements that startups can explore and help answer.

Startups are constantly working on refining and improving their products and solutions with successive iterations. Depending on the state of the startup, corporations have to provide feedback, data and other relevant resources to help shape a potential pilot engagement or proof of concept.

3. Take or make investments strategically

Startups are usually self-funded in the early days, with subsequent funding from angel investors and institutional investors such as venture capital firms. Corporations, equally, invest in startups for various reasons. Some establish Corporate Venture Capital funds to invest, while others invest off the balance sheet.

Before making an investment, it is important to consider the reasons for the investment and its implications for both the corporation and the startup. For a startup, funding is almost always welcome, however accepting an investment from one corporation may limit them from working with a direct competitor.

From the corporation’s perspective, investing in a startup can yield many benefits, such as ensuring that the startup has the resources to develop the solutions that the corporation wants and that their product development is aligned and prioritized. On the other hand, providing funds for a pilot or a commercial development instead of investing into a startup is often a faster and easier route.

Creating Consumer Lust

As part of The Great Room’s second anniversary celebrations, Erica Kerner, Tiffany’s VP of marketing and communications Asia, gave a fascinating talk exploring how this storied jeweller so successfully stirs desire in the consumer. These are some of the most thought-provoking remarks Erica made during a half-hour discussion with moderator Christian Barker.

Christian Barker: Today’s topic is creating consumer lust, so it seems apt to begin by asking, how is wooing a customer similar to the art of seduction?

Erica Kerner: A basic fundamental of marketing is, you’ve got to create a relationship and a rapport with your customer and if you can’t do that, you’re not going to bring them into the brand, you’re not going to bring them into your product. So if you can create a romance, create those feelings, those emotions that are like what you feel in a romance, you’re going to build a very long-lasting and passionate relationship with your customer. I’ve been very lucky, because working for brands like Tiffany, Nike and Adidas, you have that passionate relationship with your customers. People are very passionate about each of those brands. At each company, I’d often meet people who’d say that I have their dream job — these brands really pursued a passionate connection with customers, which I feel very lucky about. But it’s also a big challenge as a marketer to keep that relationship going.

Christian Barker: Tiffany’s recent campaigns have been very forward-thinking in championing love in all its forms, regardless of gender, sexual orientation or the type of relationship. Can you tell us a little about that new direction?

Erica Kerner: Well, Tiffany, as you know, created the modern engagement ring — the Tiffany setting, the six-prong ring was created by our founder 140 years ago, when he lifted the diamond ring out of the setting so that it captured more light. So being part of love and people’s joyful moments has always been central to our brand. But I think that as consumers and consumer attitudes are changing, we have to change and evolve with that as well. Today, we always talk about modern love — and that love might be between a man and a woman. Or it might be between two men, it might be between two women, it might be the love of a mother and a child, you know? It’s not just romantic love that we talk about in our campaigns. That’s something I’m very proud of. We’ve done campaigns with same-sex couples and that’s a bold move for a mainstream brand to take. It doesn’t make everybody happy, but I’m very proud that I work for a company that’s not afraid to talk about love in all its modern contexts or whomever you are.

Christian Barker: Are there challenges in running a campagn of this nature in a region like Southeast Asia, where attitudes can be quite conservative? So-called ‘alternative lifestyles’ remain illegal here in Singapore, for instance.

Erica Kerner: It’s an interesting, interesting question. I mean we did a campaign about a year and a half ago where we first had the same-sex couple in the film and we had different edits of that film for around the world, because Singapore is not the only place that couldn’t run it. We didn’t run it in the Middle East either and certain other countries. I ran it in Australia but didn’t run it here (in Singapore). There were some pictures of a couple with a child as the bride’s flower girl, which I couldn’t run in Korea because that was too progressive for that market. So yes, you have to know the cultural sensitivities, but the thing that surprised me is, though we didn’t run the ad here in Singapore, the day the campaign broke, the social media love that came in from Singapore for that campaign was fantastic. There were so many people who then said, we’re so proud of Tiffany for showing this, for taking the stand. People were recreating the film and doing their own versions of it, and so even though we never ran that version here, it still got a great response and exposure.

Christian Barker: How do you promote the romance that is so core to Tiffany’s DNA, without alienating men, who can be a little less enthusiastic about all that flowery stuff?

Erica Kerner: Well, before I actually answer the question, I will correct you a little bit about men not being romantic. I have to tell you, one of the things that amazes me the most is when, so many times when men find out I work from Tiffany, they all want to tell me their story of how they went to the store to buy a ring, or how they proposed, and they often get mushier than women when they hear I work for Tiffany. The other thing is, back in the old days, I used to work for de Beers, the mining company, and we used to do a lot of research in China and I remember we were doing a study on engagement rings with men, and sitting in the room behind the one-way glass listening to all these men as they were being shown advertising concepts. They kept saying, “Oh no, don’t use that concept — I want to use that to propose!” Men can be very romantic. The thing we need to be conscious of is that men tend to be motivated differently than women around the engagement moment. We had a campaign about two years ago where we had two phases: the ‘Will You?’ phase and the ‘I Will’ phase. The ‘Will You?’ phase was pure romance and it was really aimed at the woman. It was advertised in women’s channels and it was really all about that romantic moment of the engagement. But then, the ‘I Will’ phase was more targeted to men and that was more about the value creation of the diamond and the craftsmanship. When they make the purchase, men want to know what they’re getting, that they’re paying the right amount for what they’re getting, that it’s going to hold its value, that it’s a good investment, and things like ethical sourcing and supply chain. And so it was much more of a rational message to men and men’s channels.

Christian Barker: Being a brand with a great deal of heritage, obviously you don’t want that sense of history to be lost, but you also need to stay contemporary and relevant. How do you do that?

Erica Kerner: That’s a great question. Yes, we’re 181 years old. And the beauty of the Tiffany brand is that, no matter where in the world you’re from, the power of that blue box is the same in each and every country. I like to say that we make women’s heart beat faster all around the world when they see that blue box. But staying relevant is incredibly important. And our biggest challenge, I think, as marketers, we have a campaign that just launched, and that would answer part of your question — it is very young and very edgy and not something that you would necessarily expect to see from Tiffany. It’s very much talking to a younger millennial customer. It’s got Maddie Ziegler who is 18, and she has around 30 million followers on instagram. More than the Kardashians. Elle Fanning is also in that campaign, on Insta she has around 3 million followers or something. It’s definitely appealing to a younger audience with a product that has a substantial price point — some of the items in that spot are $50,000 products. So you’ve got a really nice juxtaposition, I think, that talks about Tiffany as a brand that you can wear every day as a luxury customer, or as a young millennial. It’s hopefully speaking to both segments, it’s getting a customer to come in and try a $300 ‘Return To Tiffany’ bracelet and say that’s what I want for my sweet 16th birthday, or to also think about something more significant later in life.

Christian Barker: Speaking of social media, Tiffany is very active in that area, correct?

Erica Kerner: I’m not going to talk about statistics, but a major part of our marketing budgets are in social media these days and that’s all about liking and sharing, and having a dialogue with customers rather than just a one-way conversation. A lot of marketing today is around user generated content. So a great deal of the storytelling we do, we’re not telling the story. We may start the story, but then it’s consumers who are picking it up and people want to tell their story. We have a campaign now for our ‘Love & Engagement’ category and it’s real couples telling their stories. We put them in front of the camera, we curated the couples of course, but they’re telling their stories, we’re not telling it for them. Again, we’re very lucky because it’s a category that people want to talk about, everybody has a story to tell. I think that’s how we keep it authentic, because we’re not telling you (the consumer) something — we’re starting a dialogue, which you’re then finishing.

Christian Barker: Our topic today is consumer lust. Lust is a highly irrational emotion. But clearly, making a substantial purchase, there needs to be some sense of rationality, right?

Erica Kerner: No, not necessarily. It can be purely based on feeling. There are other brands in the market, which I’m not going to mention by name, that talk about their products as investments or the financial side of it, but that’s not how we choose to market our products. However, there are clearly some places that jewellery has its benefits — it escapes inheritance taxes, and jewellery is a mobile purchase. There are a lot of reasons why people buy very, very expensive jewelry. That’s not where we tend to to to market our products, and I don’t think people buy jewellery, for the most part, for a rational reason. You buy it because you feel that it makes you feel beautiful or he buys it for you because he thinks you’ll be beautiful in it. I started first with the personal, because the woman’s self-purchase segment of our business has really grown and continues to grow. Women don’t need him to buy that piece of jewellery for her anymore. She loves it when he does, for sure, but does it need to be that way? I think that you buy jewellery or luxury as a reward to yourself or an investment in yourself or similar personal motivations. It’s not really the rational. Though you can rationalise it. You can think to yourself that you’re going to wear this ring every single day and if you wear it for three years, it’s going to cost you $3 a day. So you can find ways to rationalise it, but shopping isn’t about needing — shopping’s about wanting.