Tag: growth

Last night, as I listened to Senior Minister Lee Hsien Loong’s remarks on the recent U.S. tariffs, something clicked. As someone who has spent my career in growth and performance marketing, with roots in finance and analytics, I couldn’t help but reflect on the parallels between international trade dynamics and the inner workings of today’s companies. 🌏➡️🏢

In his speech, SM Lee highlighted the United States’ shift from a cooperative multilateral trade system to a more unilateral “America First” approach. He pointed out how the foundational principle of the World Trade Organization — Most Favoured Nation (MFN) treatment, which ensures all countries are given equal trading terms, is being increasingly replaced by the U.S.’s push for “reciprocal tariffs.” In short, it’s a tilt from a win-win collaboration to a zero-sum mindset, where power dictates terms and size trumps fairness.

That got me thinking: this same dynamic often plays out within organizations.

Just as nations face challenges when dominant players prioritize self-interest over cooperation, companies can suffer when individual departments chase their own KPIs at the expense of shared success. The pursuit of isolated wins may boost short-term metrics, but it can also erode long-term growth. In contrast, cross-functional collaboration, much like healthy trade partnerships, creates leverage, unlocks synergies, and drives sustainable performance. 📈

In this article, let’s explore what businesses can learn from global trade diplomacy and why shifting from “me first” to “team first” might just be the growth strategy your organization needs.

1. The Shift in Global Trade Dynamics 🌍

a. Traditional Global Trade System: Leveling the Playing Field

For decades, the backbone of international trade has been the Most Favoured Nation (MFN) principle — a rule that ensures countries treat all trading partners equally. Under this system, if one country offers lower tariffs to another, it must extend the same terms to all other WTO members. This has helped even the smallest nations compete on a fair playing field, empowering global trade to become more open, predictable, and inclusive.

In a recent Ministerial Statement by Deputy Prime Minister Lawrence Wong, he reinforced that such multilateral frameworks have helped countries like Singapore thrive despite our size, fostering a stable, rules-based global economy that encourages mutual growth.

b. The Rise of ‘America First’: Power Over Principles

But that balance is shifting. The current U.S. administration has adopted a more transactional approach, favoring “reciprocal tariffs” over multilateral agreements. Instead of playing by established global norms, the U.S. now seeks to leverage its economic might to negotiate bilateral deals that favor its own interests, even if it means bending or breaking the existing rules.

As SM Lee Hsien Loong candidly observed, this strategy disrupts the global order. It’s no longer about fairness, it’s about who holds the bigger stick. And for smaller nations like us in Singapore, this creates vulnerabilities. Our economic model depends on open access and fair competition. A shift away from multilateralism could undermine not just Singapore’s competitiveness but global economic stability.

2. Organisational Parallel: Departmental Silos vs. Cross-Functional Collaboration 🏢

a. Siloed Departments: The Internal ‘Tariff War’

Much like nations, departments within companies often operate in silos — marketing, product, finance, and ops, each with their own priorities and KPIs. These internal borders may not be guarded by tariffs, but they’re just as obstructive.

For instance, a performance marketing team might be laser-focused on ROAS, while the product team prioritizes shipping features quickly, and finance scrutinizes every budget request. The result? Misalignment, duplicated efforts, internal competition, and friction over shared resources.

b. Cross-Functional Collaboration: Unlocking Synergies

Now imagine a scenario where marketing, product, and data teams come together with shared OKRs to improve customer LTV. Instead of finger-pointing, there’s open dialogue, data sharing, and joint ownership of results.

🔹 Example: Apple’s iPhone Development: Cross-functional teams of hardware, software, and design worked closely under “Project Purple,” with even engineers leading marketing efforts, resulting in the launch of one of the most iconic growth-driving products in tech history.

🔹 Example: IKEA’s Sustainability Mission: Diverse teams from across the business, including franchisees and corporate, collaborated through a Strategic Sustainability Council to achieve shared goals like 100% LED lighting and sustainably sourced cotton, powering IKEA’s long-term growth through purpose-driven innovation.

When departments collaborate, innovation accelerates, efficiency increases, and employee morale rises. Just like countries in a cooperative trade agreement, everyone wins.

3. The Pitfalls of a Win-Lose Mentality ⚔️

a. In Global Trade: Short-Term Wins, Long-Term Pain

The U.S.’s “America First” stance may offer short-term gains like better trade balances or domestic political wins. But the long-term risks are mounting: trade retaliation, loss of trust, supply chain disruptions, and a weakened multilateral system that once guaranteed stability.

History has shown that trade wars rarely have winners. The 1930s Smoot-Hawley Tariff Act worsened the Great Depression. In today’s hyperconnected world, unilateralism is even more dangerous.

b. In Organisations: Hidden Costs of KPI Turf Wars

The same applies internally. When departments chase siloed KPIs, it may look good on paper until the company stagnates. You see:

• Product launches that miss the mark because marketing wasn’t looped in early.
• Inefficient media spend because data insights aren’t shared across teams.
• Burned-out teams working at cross-purposes and duplicating work.

Worse, it breeds a scarcity mindset — hoarding insights, resisting feedback, and eroding company culture.

4. Embracing a Win-Win Approach for Sustainable Growth 🚀

a. Strategies for Organisations:

Let’s shift the game from “my department wins” to “the company wins.” Here’s how:

• ✅ Integrated KPIs: Set shared goals across marketing, product, sales, and ops — like revenue per user or net promoter score.
• 🔁 Regular Cross-Team Syncs: Encourage functional teams to meet, align, and adapt plans in real time.
• 💬 Leadership-Led Culture: Senior leaders must reward collaborative behavior, not just individual performance.

b. Lessons from Global Trade:

• Just as Singapore thrives in a fair, multilateral system, organizations grow stronger when every team is empowered to contribute and collaborate.
• Diversity of thought, like diversity of nations, creates stronger outcomes. Each department brings unique strengths, and when you blend them, you get exponential returns.

Final Thoughts: From Trade Wars to Team Wins

In both geopolitics and business, the difference between stagnation and sustainable success often comes down to mindset. As we’ve seen from the recent shift in global trade with the U.S. leaning into an “America First” strategy — prioritizing self-interest over collective progress can destabilize even the most established systems. The same is true within organizations: when departments operate in silos, chasing only their own KPIs, they may win battles, but risk losing the war for long-term growth.

Whether it’s the MFN principle in global trade or integrated KPIs in a business, the goal should be the same, which is to create structures where everyone has a fair shot at success and where progress is shared, not siloed. Because here’s the truth:

💡 Growth isn’t a tug-of-war. It’s a team sport.

So here’s your call to action: Take a hard look at how your teams work today. Are your departments building bridges or walls? Are KPIs aligned, or are they breeding internal competition? As leaders and collaborators, we have the power — and responsibility — to shift from a win-lose to a win-win mindset.

🌱 Let’s stop pulling in different directions and start growing together.