VIETNAM GENERAL CONFEDERATION OF LABOR TON DUC THANG UNIVERSITY FACULTY OF BUSINESS ADMINISTRATION FINAL REPORT CHANGE MANAGEMENT TOPIC: MR.PHAM THANH HUNG AND CEN- GROUP Supervisor nam
OVERVIEW OF CEN GROUP AND MR PHAM THANH HUNG
About CEN GROUP
1.1.1 History of formation and development
Cen Group Company was established in 2002 under Decision No 0103000476 made by Hanoi Department of Planning and Investment With functions including investment, rental, brokerage, consulting, exploitation, real estate appraisal
Beyond its core business, Cen Group actively fosters social and cultural initiatives to connect people and strengthen the Cen Group community By designing and supporting a wide range of cultural activities, the Group ensures that every Cen family member finds meaning in their eight-hour workday, turning everyday tasks into purposeful, rewarding experiences.
At Cen Group, annual cultural programs like Cen Awards, Loyal Soldiers, Miss Bikini, Football Awards, and Parents' Day are not just events—they are prestigious platforms for honor, recognition, and gratitude, as well as creative playgrounds where each employee can unleash their talents after work.
Cen Group has continuously integrated its mission with the community through ongoing charity programs, highlighting its commitment to social responsibility In 2016, Cen Group established the Action Fund for Kindness to promote volunteering for society and the broader community while also caring for and supporting the Group’s employees This initiative underscores Cen Group’s dedication to community welfare and employee well-being, aligning development with positive social impact.
2020, the Fund officially changed its name to: Fund of Compassionate Hearts
Up to now, the Compassionate Heart Fund has implemented many programs:
- Sponsoring poor children to go to school;
- Giving scholarships to poor and studious students;
- Support people to overcome and stabilize their lives after natural disasters;
- Funding heart surgery for poor children;
- Open the cash machine "Love rice ATM";
Every year, the Hearts of Kindness Foundation partners with Cen Golf, a member of the Cen Group, to host a charity golf tournament that raises funds for charitable causes The event mobilizes individuals and businesses to join hands in support of humanitarian work, amplifying philanthropy through sport and community partnership This collaboration with Cen brings sponsors, players, and volunteers together to drive fundraising for charity and to act for humanity, showcasing the power of collective generosity.
Through a journey spanning nearly 2 decades of persistent and creative activities, Cen Group has won many prestigious awards
Against the backdrop of challenges and a trajectory toward prosperity in Vietnam’s real estate market, Cen Group’s brand and reputation are continually affirmed, earning increasing affection from customers, trust from partners, and steadfast support from companions.
Cen Group aims to become a leader in the real estate sector by linking human and financial resources through a dynamic network of organizations and individuals that distribute real estate to create Real Assets - Real Value for all stakeholders By bringing together partners, project developers, and consumers, Cen Group builds an ecosystem that turns property into tangible value and opportunity The company cultivates The Land of Dreamers, an environment where employees are respected, empowered, and free to be creative, fueling innovation across the real estate value chain.
● Professional secondary real estate distribution and investment;
● Investment, cooperation in investment and development of real estate;
● Media consulting and marketing package;
● Developing a network of Authorized Agents, Mentor real estate experts;
● General contractor of finishing materials;
Cen Group serves over 1.5 million loyal customers, supported by a workforce of nearly 4,000 official employees, thousands of collaborators, and dozens of member companies with offices nationwide—all dedicated to meeting the needs of investors, partners, and customers.
Today, Cen Group operates across a diverse range of fields—including technology, golf, fashion, health, and agriculture—and continues to expand into new areas Notably, Cen Group is a pioneer in community support, having launched a series of projects from the outset to drive social impact and development.
Typical start-up projects that Cen Group invests in are as follows:
● Fastee online golf course booking application
● General real estate investment platform Revex
Cen Group's latest step aligns with the global trend of multi‑industry expansion, as the company seeks to help Vietnam's technology startups access funding, mentorship, strategic partnerships, and entry to international markets and networks.
● Support in product development and market expansion
● Have access to many large investment funds in the world to deploy products domestically and gradually expand to the region
● Certificate of merit from state agencies for achievements in contributing to the state budget in 2008
● Gold Award for Valuation of Typical Real Estate Exchange 2009 at Vietnam International Real Estate Exhibition 2009 by Vietnam Real Estate Association
ISO 9001:2000 certification, dated September 30, 2008, was issued by Guardian Independent Certification Ltd (www.gicg.co.uk) to recognize the company's strong track record in applying quality management systems in accordance with international standards and regulatory requirements across its production and business activities.
● Gold Award for Typical Real Estate Exchange 2009, at the Vietnam International Real Estate Exhibition 2009 awarded by the Vietnam Real Estate Association
Portrait of Mr Pham Thanh Hung
Pham Thanh Hung, born January 1, 1972, is based in Hanoi and serves as chairman of CENINVEST Century Joint Stock Company, a real estate development firm, while also holding the position of Vice Chairman of the CEN Board of Directors.
Shark Hung is a seasoned investor on Shark Tank Vietnam, known for his decisive investment choices and his preference for co-investing with fellow Sharks rather than going it alone He brings deep expertise in real estate, information technology, science and engineering, earning him the nickname “the Encyclopedia” among his peers His success today comes from a combination of extensive training and a diverse career path, having completed many courses and held a variety of jobs across different industries.
○ Graduated with a bachelor's degree in Casting - Heat Treatment at Hanoi University of Science and Technology
○ Bachelor of Languages majoring in English at Hanoi University of Foreign Languages
○ Trained at the School of Business Administration of the Asian Institute of Technology (Bangkok, Thailand)
○ Master of Business Administration International MBA
○ Majoring in management and technology transfer
Shark Hung is one of the most distinctive real estate entrepreneurs, trained in Japanese, American, Korean, Indian, and Singaporean schools in the fields of organization management and e-commerce This diverse education informs his strategic approach, blending rigorous management principles with modern e-commerce strategies to drive growth, efficiency, and innovation in real estate ventures.
○ In October 1998: He joined Total Quality Management in the US
○ In May 2005: He joined Quality Productivity Management in Japan
○ In November 2000: He joined the Training and Internship course on clean production technologies organized by Inwent, CDG and IFF in Germany, France and the Netherlands
○ In June 2001: He attended a training course on “E commerce” in the - United States
○ In August 2001: He participated in the training course “Six Sigma Training and Concepts to Improve Productivity” in India
○ From 2002 to present: He participated in many trainings on Knowledge Management and visited real estate markets in Asian countries such as China, Hong Kong, Macau and Taiwan
○ In 1996 - 1997, Shark Hung was in charge of the service quality system of the Marketing department of TOYOTA Motor Vietnam
○ 1997 - 2004: Holding the position of strategic development director, sales manager, assistant director of Vietnam productivity center
○ 2004 - 2005: Holding the position of deputy director of Son Tra Joint Stock Company (real estate business)
○ 2005 - 2008: Holding the position of Chairman of EPIC Investment and Economic Consulting Joint Stock Company – 2008: General Director of Hoang Quan Hanoi Valuation Joint Stock Company
○ The big positions Shark Hung has been doing
○ Vice Chairman of the Board of Directors of CEN GROUP
General Director of Century Valuation Joint Stock Company (CENVALUE) and Chairman of the Board of Directors of New Star Media and Entertainment Joint Stock Company, he oversees program production and the exclusive exploitation of advertisements on the VOV channel, along with traffic management and related media operations.
○ President, Century Real Estate Value-Added Joint Stock Company (CEN PLUS)
○ Chairman, Century Real Estate Development and Investment Joint Stock Company CEN INVEST –
Business situation
At Cen Group, the staff are highly skilled and experienced, meeting the professional qualifications required for each role, with a strong sense of responsibility, professional ethics, and high discipline The management team comprises visionary leaders with market experience and a commitment to the overall development of the business, society, and community; they are bold, capable of facing challenges, and possess solid management capabilities The group also benefits from a young, ambitious, confident, dynamic workforce that is wholeheartedly dedicated to its work and customers Cen Group ensures ongoing professional development, recognition, and opportunities for promotion to key positions, helping personnel grow their professional capacity and advance within the company.
On February 24, 2022, Cen Group held a ceremony to award the decision to appoint personnel for more than 100 managers in both B.O and business blocks to prepare for new projects in 2022
Century Real Estate Joint Stock Company (Cen Land, HoSE: CRE) has announced its consolidated financial statements for 2021, highlighting outstanding results Cen Land reported full-year 2021 net revenue of VND 5,597.58 billion, up 164.3% from 2020, and it reached 112% of the annual plan This marks Cen Land’s highest result since its establishment and cements its position as a leading real estate services company in Vietnam.
Profit after corporate income tax reached a new record of 450.5 billion VND, up more than 50% from 2020 and surpassing the full-year plan by 110.4% The parent company's after-tax profit stood at 457.98 billion VND, with basic earnings per share of 3,670 VND.
Cen Land posted a 64% rise in total assets to 6,270 billion VND, reflecting its aggressive push into secondary investment activities It carried out sales for more than 100 real estate projects nationwide, with a total transaction value of over 48,000 billion VND The company is expanding investment in new projects, such as Louis City Hoang Mai, Hinode Royal Park, C-Sky View, Trinity Tower, and a hotel and service project along the southeast coast of Tuan Chau Island Cen Land has also signed agreements with multiple partners to become the strategic distributor of these projects, including Happy One - Central, Green Villas Urban Area, Kien Hung Luxury, Sapa Jade Hill, and Garden King Resort & Villas. -**Support Pollinations.AI:**🌸 **Ad** 🌸 Level up your real estate content with [Pollinations.AI free text APIs](https://pollinations.ai/redirect/kofi)—perfect for SEO-driven articles on Cen Land’s investments!
Recognizing the successes in 2021, Cen Land has won many great awards: Top
Explore a concise, SEO-friendly roundup of Vietnam’s business and real estate landscape in 2021, listing the 10 typical enterprises with happy human resources, the Top 50 most effective business companies in Vietnam, the Top 5 technology units that best support the real estate transaction market in 2021, the Top 10 prestigious Vietnamese real estate brokerage and consulting companies in 2021, the Top 10 best real estate trading floors in 2021, and the Top 100 Vietnamese Gold Stars in 2021 These curated rankings provide quick access to authoritative names and market leaders across Vietnam’s economy, real estate sector, and talent recognition, optimized for search with clear category signals and year-specific context.
Century Real Estate Joint Stock Company (Cen Land, HOSE: CRE) held an Extraordinary General Meeting of Shareholders on January 10, 2022, during which shareholders approved a series of significant resolutions The approved decisions are poised to influence Cen Land's strategic direction, governance improvements, and future growth initiatives.
Cen Land plans to raise its charter capital to over 4,637 billion VND and targets revenue of 10,000 billion VND for 2022, with the potential to climb higher if the market performs well The chairman of Cen Group is confident that 10,000 billion VND in revenue is achievable, and with favorable market conditions, Cen Land could reach 12,000–14,000 billion VND He also notes that even if the market slows, Cen Land is well prepared and would not face problems, viewing the market as manageable.
THE LEADERSHIP STYLE OF MR PHAM THANH HUNG
Analysis of the success of Cen Group and the application of Mr Pham Thanh Hung's Collaborative Leadership style, what are the advantages and disadvantages? 16
● Creates an inspiring vision of the future (Strategy)
Shark Hung, the vice president of Cen Group, underscored the importance of clearly defining goals in the business-planning process He said that a plan should start with identifying what we want—whether it's more money, fame, market dominance, or a peaceful life—and then clarifying these goals so they drive the strategy He added that resources should not be a factor when setting goals; the focus must be on defining the objectives first.
For the goal, it should be carefully considered, selected, and unchanged for some time As for how to do it, we have to think and find ways to achieve that goal The means, the path, the companions to reach that goal are always subject to change, always have a back-up plan
2014 was a successful year for STDA Real Estate Project Supermarket System, featuring a lineup of major projects that were successfully distributed and enthusiastically received by customers Guided by the slogan Real Assets - Real Value, the company puts quality and trust at the forefront, proving this commitment through tangible results, concrete actions, and real products rather than promises.
PR and promotion In addition, one of the factors that helped STDA overcome the real estate market crisis was the solidarity and commitment of all STDA staff
● Motivates and inspires people to engage with that vision (Psychology)
According to Mr Pham Thanh Hung, one of leadership's toughest tasks is talent acquisition: identifying managers and staff who have strong professional knowledge, are unafraid of difficulties, willing to take responsibility, and ethical, while also understanding the company's strategy, vision, and culture This combination is crucial but difficult to achieve.
STDA places great emphasis on employees' well-being, offering team-building activities, visits, and annual vacations to recharge energy after each year of work and to strengthen connections and cohesion across the organization.
● Manages delivery of the vision (Project Management)
On the program's theme "Danger - Risk," Mr Hung describes danger as a vast, dark sky and change as a bright star that guides us He notes that within the enormity of danger lies a small, fragile opportunity that people often feel burdened by This perspective reframes risk as a landscape where opportunity can emerge amid uncertainty and challenge.
According to Cen Group's Vice Chairman, we have weathered at least three economic crises—1997–2001, the 2008–2012 downturn, and the ongoing crisis These experiences have helped our businesses grow up from the crisis and build resilience for the future.
According to the businessman, an essential thing in a crisis is to practice "injury resistance" - the ability to endure damage from outside
A startup once showcased a major investment from Mr Hung on television, but the reality of its operations differed completely from its claims Instead of accumulating capital, the business ran up substantial debt and faced fragile margins Despite the capital infusion, the company posted losses for two consecutive years, and the two sides eventually ended their partnership.
After this lesson, Mr Hung adjusted his investment strategy by reducing the direct investment amount while increasing the value of his commitment The revised approach requires greater commitment and ongoing interaction between the parties to trigger disbursements, with a more optimized disbursement method Instead of funding the startup directly, the capital is disbursed to platforms around the startup ecosystem to support partner development.
This position said that his investment "taste" needs to have three qualities: honesty, determination, and management capacity He values these factors more than ideas, technology, and product formation
● Coaches and builds a team so that it is more effective at achieving the vision (Coaching)
Mr Pham Thanh Hung leads with a coaching style, adopting a “Let’s try it” mindset to help everyone grow and tackle future challenges that spark creativity At STDA, people take ownership and contribute—individuals and teams collaborate, each doing their part rather than expecting others to do everything This growth-oriented, collaborative culture drives the enterprise’s sustainable development and long-term success.
A leader in this role builds a cohesive team unified by a shared goal and a spirit of collaboration, prioritizing training and development to ensure employees know how to perform their duties He delegates effectively, creating conditions for learning and improvement when mistakes happen rather than assigning blame Performance evaluations are grounded in each person’s capabilities and measurable results, supporting fair assessment and ongoing growth.
● Reducing work, Shark Hung needs to focus on building goals, helping the company grow
By fostering cohesion and inclusion, team members feel more essential and know what they have to do to achieve the company's common goals
● Be more creative in developing business activities
A broader range of experiences and opinions adds valuable input to the decision-making process, and with this richer input, management and the entire team can evaluate options more thoroughly to develop a more comprehensive and objective action plan.
● Easily manage, deploy new and challenging plans
Annual staff training enables CenGroup to rapidly translate new plans into action by developing high-quality staff with professional skills and a strong sense of responsibility This program reinforces an excellent, positive corporate culture, increases employee commitment, and fosters close cooperation and seamless collaboration among team members.
● It takes a long time to everyone connect
For employees to understand the corporate culture and the common purpose, managers need a lot of time to share and encourage employees to try to learn and develop themselves constantly
Collaborative leadership relies on mentoring to develop people and networks, but mentoring can inadvertently create a single leader within the relationship when the most experienced person assumes the top role Some mentors may feel their experience exceeds the leader’s, prompting them to take charge at critical moments To prevent this dynamic, the leader should establish dual mentoring relationships so that each participant contributes unique strengths to the project, fostering distributed leadership and a balanced, high-performing team.
Advantages and disadvantages of applying Collaborative Leadership style to employees
Collaborative leadership is defined by balanced motivations that drive value creation in every action Leaders who embrace this style influence and motivate employees to maximize their impact, ensuring that each contribution advances organizational goals and yields meaningful results.
Mentorship-driven leadership places mentorship at the forefront, with leaders working directly with employees to share knowledge, skills, and wisdom Cen Group embodies this approach, with leaders who are teachers—conscientious, capable, and approachable—whose example inspires employees, earns their respect, and empowers them across many areas, with opportunities that reach the Board of Directors At Cen Group, these teacher-leaders guide daily work and also help individuals choose career paths, developing together This collaborative leadership style offers benefits for employee development and engagement, while also presenting potential downsides such as dependence on a single mentor or slower decision-making, depending on how it’s implemented.
● There is balance brought to every decision
This collaborative leadership style ensures every employee's perspective is heard while the leader retains the authority to make final decisions, creating an open and inclusive team culture It invites open dialogue and constructive debate, balancing firm opinions with a willingness to find common ground This process helps reduce unconscious biases in the workplace, leading to fairer, more informed decisions and stronger collaboration across the team.
Under this leadership style, some experienced workers may feel their input isn’t valued, but for most people, the chance to learn from each other, collaborate, and tackle problems together creates an engaging workplace This approach naturally builds trust as everyone works toward the company’s overall success, and as trust grows, employee morale rises, driving sustained business success.
● Collaborative leadership boosts creativity of employees
Rather than suppressing innovation, the leader demands its presence, encouraging every employee to tap into their creative resources to drive team and organizational projects forward This approach eliminates the fear of replacement, as the leader welcomes challenges and motivates the team to face them head-on By prioritizing new ideas, this leadership style fuels growth, collaboration, and forward momentum across the organization.
Effective leadership hinges on clearly defining and assigning tasks and responsibilities so employees know exactly what is expected of them When role clarity is missing, workers may be uncertain about their duties, which undermines accountability and workflow efficiency This ambiguity can quickly spiral into chaos, reducing collaboration and productivity across the team.
● Creative thinking can become stale
Creative thinking drives the development of innovative products and services within the organization, but it can't thrive when every team member agrees on everything Leaders should foster a culture of healthy conflict and open discussion, because constructive debate fuels creativity and leads to better solutions.
● Responsibility might not be taken for mistakes
Adopting this leadership style helps the team operate as a unit and tackle challenges together However, when one member's mistake affects the entire group, it can trigger deep-seated grievances and raise the likelihood of future conflicts.
Advantages and disadvantages of applying Collaborative Leadership style to customers/partners
Collaborative leadership strengthens the bond among managers, employees, and partners to implement an agile, inclusive business model that accelerates goal achievement When applied to partners, collaboration relies on every employee’s positive contribution, turning diverse perspectives into creative strength and inspiring the creation of valuable outcomes Leaders must engage teams and organizations with a clear vision to drive the implementation and achievement of business objectives through collaborative units From the perspective of a company receiving foreign capital investment, Shark Hung notes that several considerations must be carefully evaluated before agreeing to accept capital.
Before signing a contract, it’s essential to assess the deal carefully, as the negotiation between two businesses can be complex and lengthy when foreign funds participate as financial investors The terms are aligned with international practices and shaped by the enterprise’s past business results and forecasted figures In Shark Tank Vietnam, after an overview of the project is negotiated and investment is committed, a due diligence phase follows, during which the funds or “sharks” reserve the right to terminate the investment if the information provided by the business or startup is incorrect.
To protect investment capital, the funds impose strict, detailed terms that ensure transparent governance and control, clearly defining price transfers and force majeure to avoid governance issues This framework helps investors accept the business’s pricing and enables long-term collaboration Companies should avoid promising outcomes beyond their capacity or signing contracts without fully understanding the terms and budget, as missteps can cause losses and damage brand image For instance, promising an Internal Rate of Return (IRR) of 22 percent is highly risky compared with the industry average; according to Shark Hung, acceptable IRR levels typically range from 12 to 15 percent.
During negotiations with funds, CEN Land mandates a one-year review period rather than six months Shark Hung notes that six months is too short to implement compensation measures for investors’ losses when a company is focused on creating outstanding value.
During negotiations, every term should be carefully calculated and mutually agreed before entering a cooperative arrangement The enterprise should also assess compensation options—such as cash payments, equity shares, or other arrangements—to ensure a fair and viable deal Clear financial terms up front help prevent disputes later and align incentives for all parties involved A well-defined agreement on remuneration and cooperation conditions supports successful partnerships.
Third, in the course of extensive international integration, managers must take responsibility for the agreements they sign, even if those deals fail due to gaps in qualifications When losses arise from unqualified leadership, one cannot rely on the company for help; instead, managers should strengthen their own expertise or hire a field-specific facilitator to address gaps As a result, Shark Hung’s company frequently signs bilingual contracts, but the Vietnamese version remains the preferred text to settle disputes.
● Information is shared and transparent
Openness in communication builds trust with both employees and business partners, forming the foundation for sustainable, long-term collaboration By establishing clear information flows and shared terms, organizations align goals and streamline decision-making When information is openly shared, teams generate more ideas and discover multiple methods to solve the most optimal problems, not only to meet partner needs but also to safeguard and enhance the company’s value.
Win-win negotiation creates a cooperative environment focused on mutual benefits, enabling effective problem-solving that benefits both partners and the company Collaborative leadership is essential for harmonizing diverse opinions in negotiations, ensuring every voice is heard and turning collaborative input into a foundation for sustained business success.
Strategic innovation in the business environment thrives when diverse ideas and mindsets are welcomed to solve real-world problems By briefly introducing a project and then inviting input from employees and partners, leaders unlock broad idea generation and collaborative problem-solving Early, fixed opinions can silence dialogue and stifle valuable insights, whereas a listening leadership style keeps channels open and accelerates learning This approach cultivates a friendly, inclusive culture that drives rapid, sustainable development through collective intelligence and stakeholder collaboration.
Collaborative leadership encourages the development of each individual in multiple directions within the work, but it also has drawbacks In a project, this approach brings together company employees and partner members, which can lead to conflicts in working styles among individuals These conflicts can hinder progress toward the project timeline and make it harder for the entire staff to access and complete tasks efficiently.
Collaborative leadership invites everyone to share opinions, but some individuals may push to assume leadership roles without stepping back to handle the essential tasks needed to get work done well This dynamic can create stress for remaining teammates and erode the cooperative, high-performing atmosphere of the team’s work environment.
● Lack of trust among members
Trust is foundational to successful collaboration, and timeliness and accountability are core drivers of that trust When a team member is late or fails to complete tasks, the entire project can stall, leading to frustration, reduced productivity, and lower team morale This breakdown in reliability can erode trust not only among colleagues but also with partners and stakeholders, jeopardizing relationships and outcomes.
RECOMMENDATIONS AND LESSONS LEARNED FROM THE
The advantages should be promoted
The remarkable success Cen Group enjoys today stems from the ingenious leadership style of Cen Group's vice chairman, Pham Thanh Hung By understanding and leveraging the strengths of this leadership approach and gradually addressing its weaknesses, the method can become more complete and effective To maximize its impact, we should continually promote its inherent advantages—such as strategic clarity, decisive execution, and empowering teams—while implementing measures to mitigate potential drawbacks and sustain long-term growth.
The decision-making power rests with the employee
This leadership style emphasizes empowerment over micromanagement: leaders step back to support and guide while delegating full decision-making authority to employees By removing unnecessary constraints, it unlocks creativity and potential, encouraging open idea sharing, self-expression, and respectful listening to diverse opinions It also creates opportunities for peer learning, enabling colleagues to learn from one another and continually develop their capabilities.
Shark Hung embraces risk-taking and new challenges, unafraid to try innovative approaches and learn from failures He actively creates opportunities for his employees to develop their skills, offering support and guidance whenever needed His generous approach to talent means he invests in potential hires and rewards performance to boost morale, while also giving those who make mistakes a chance to learn and correct course This leadership style builds a culture of growth, accountability, and motivation across the team.
These advantages enhance the capacity and efficiency of both employees and managers, attracting and inspiring more talent As the pool of human resources expands, companies become more innovative and develop further thanks to newly discovered talents This major advantage offers numerous benefits to businesses and should be continuously promoted, improved, and strengthened.
Limitations that need to be overcome
All leadership styles carry both strengths and weaknesses, and Shark Hung’s approach is no exception The drawbacks of Shark Hung’s leadership have been analyzed in detail, highlighting the potential consequences if they are left unaddressed To prevent these limitations from causing more serious effects on performance and morale, businesses should adopt targeted strategies to overcome them while leveraging the style’s advantages.
Effective project implementation hinges on balancing employee development with clear direction: allowing employees to freely develop their abilities and opinions drives innovation and engagement, but it can also waste time or diffuse accountability if problems arise Therefore, managers should articulate the project goals and the company’s core principles clearly and decisively, ensuring all team members understand and embrace the organization’s vision and culture, which helps align efforts, prevent conflicts, and avoid time loss that could cause missed business opportunities This clarity also streamlines talent recruitment, as hiring decisions can be guided by shared values and cultural fit, making it easier to identify candidates who align with the business’s goals.
Effective leadership blends multiple leadership styles—most notably coaching and democratic leadership—to empower employee development while maintaining accountability A strong leader grants employees autonomy in growth and decision-making, while also offering timely guidance, listening to suggestions, and stepping in when problems arise instead of delegating all authority By combining these approaches and applying fair rewards for high performance alongside clear consequences for mistakes, leaders model desired behavior, reinforce learning, and minimize the shortcomings inherent in any single style.
Adopting a hybrid leadership approach that blends multiple leadership styles lets a leader tap into the strengths of each while reducing their weaknesses For Mr Pham Thanh Hung, integrating coaching with complementary styles provides practical solutions to common coaching leadership challenges, such as ensuring clear guidance, sustaining motivation, and maintaining accountability By strategically combining directive, transformational, and coaching elements, he can empower team members, foster development, and drive performance This approach helps him tailor his leadership to different situations, improve communication, and achieve sustainable results without over-reliance on a single method.
Lessons have learned
• The ingenious leadership style of Mr Pham Thanh Hung
Although his leadership style has some limitations, Shark Hung demonstrates highly intelligent, modern leadership With determination, a readiness to try new approaches, and an ability to learn from failures, he inspires followers and creates a solid foundation for the business’s sustainable development over the years.
• Find the suitable leadership style for ourselves
This report examines diverse leadership styles and guides you to identify which style best fits your personal traits Through self-assessment of your characteristics and preferences, you can determine the leadership approach that suits you most and use that insight to steadily improve your abilities and become a more effective leader.
By analyzing the limitations of different leadership styles, we gain valuable insights that form the foundation for avoiding unintended consequences Drawing on the experiences of those who have walked the path before us helps prevent costly mistakes and wasted time, while guiding us toward effective solutions to the challenges we encounter.
Vietnam’s dynamic business landscape, highlighted by data from vietnamplus.vn showing about 116,800 new enterprises and 119,800 market withdrawals in 2021—a 17.8% rise from 2020—emphasizes the crucial role of effective leadership in sustaining growth A manager’s leadership style directly affects a company’s survival, expansion, and long-term competitiveness, so every administrator should understand the key management styles, identify the approach that best fits their team and the enterprise’s business model, and embed that style into the organization’s operating system In addition, managers and all staff must continually develop skills and upgrade leadership methods to keep pace with changing market trends, enabling timely adjustments A leader with foresight and flexibility can weather market shifts and craft appropriate countermeasures to address emerging challenges, making strategic leadership an indispensable capability for Vietnam’s business leaders and entrepreneurs aiming to stay competitive in a volatile market.
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Xin lỗi, tôi không thể paraphrase hoặc tái hiện nội dung từ bài viết cụ thể khi chỉ có liên kết Nếu bạn dán đầy đủ văn bản cần tóm tắt hoặc cho phép tôi dựa trên thông tin công khai để viết một đoạn văn SEO bằng tiếng Việt, tôi có thể giúp Bạn muốn tôi viết một đoạn văn tóm tắt tổng quát về phong cách lãnh đạo của doanh nhân Phạm Thanh Hưng dựa trên thông tin công khai, hay bạn cung cấp nội dung gốc để tôi xử lý?
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Nguyen, J., 2019 Shared Leadership – Liệu có phải đội nhóm luôn c n 1 leader? ầ
- Jasmine's World [ONLINE] Jasmine's World - Available at: https://barterblossom.com/shared-leadership-lieu-co-phai-doi-nhom-luon-can-1- leader/ [Accessed 2 April 2022]
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Leadership styles vary in how leaders influence, motivate, and guide teams, and recognizing these differences helps organizations shape development and performance Common styles include autocratic leadership, which provides clear directions and fast decisions but can curb input; democratic or participative leadership, which invites team collaboration and often boosts engagement; transformational leadership, which emphasizes inspiring a shared vision and personal growth; transactional leadership, which uses rewards and punishments to drive results; servant leadership, which centers on serving the team and building a supportive culture; and situational leadership, which adapts the approach to the task, team readiness, and context Effective leaders typically blend elements from multiple styles to fit goals, culture, and circumstances, maintaining clear communication, trust, accountability, and a focus on outcomes Understanding these characteristics helps in leadership development, improves team performance, and supports sustainable organizational success.
Trong năm 2021, số doanh nghiệp rút lui khỏi thị trường tăng gần 20% vì Covid-19, theo bài viết trên Nhịp sống kinh tế Việt Nam & Thế giới Động thái này cho thấy tác động kéo dài của đại dịch lên thị trường, khiến nhiều doanh nghiệp buộc phải rút lui hoặc thu hẹp hoạt động và thay đổi cục diện cạnh tranh ở Việt Nam cũng như trên phạm vi toàn cầu.
Theo DIEN TU VTV (2022), năm 2021 cả nước có 116,8 nghìn doanh nghiệp đăng ký thành lập mới Con số này cho thấy hoạt động khởi nghiệp ở Việt Nam vẫn sôi động, bất chấp những biến động kinh tế toàn cầu Nó phản ánh niềm tin của các nhà đầu tư và nỗ lực cải thiện môi trường kinh doanh ở nhiều địa phương trên toàn quốc Đối với các nhà hoạch định và doanh nghiệp, thông tin này là chỉ báo quan trọng về xu hướng khởi nghiệp và cơ hội kinh doanh ở các ngành chủ chốt như dịch vụ, công nghiệp chế biến và thương mại.
Cengroup.vn n.d Cen Land: Tăng vốn điều lệ, tự tin doanh thu 10.000 tỷ năm
2022 [ONLINE] Available at: https://www.cengroup.vn/2/tin-tuc-cen/cen-land-tang- von-dieu-le tu tin- - -doanh-thu-10-000- -nam-2022-7498ty [Accessed April 2022].2