Digital Innovation: How A Leadapreneur Saved RM23K/month

Micheal Lim

In this four part series, we will explore the innovative projects and achievements of our "Stars of the Accelerator". They are participants who embarked on a journey to become Leadapreneurs, with astonishing results!
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Michael Lim
Johor-based banker, Michael Lim embarked on the accelerator adventure because he has a drive to surpass his limits. His motto as a Leadapreneur is “do or die!”

In his role as Sales Head, he noticed that clients from Singapore often did not bring crucial documents with them. Hence, their bank card application could not be processed quickly and efficiently via the online system that allows bank card application within seconds. This led to loss of clients and business.

Despite this hurdle, Michael saw this as an opportunity to shine. He set out to find a solution that would benefit all parties. Hence his innovation project was born. His goal is ambitious to say the least. He wants to achieve 100% adoption rate!

To get to 100%, there were a few challenges to overcome:
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1. His team had to get the stakeholders on board. Efforts were made to encourage the clients to get involved. Clear, transparent and frequent communication was key.

2. The team had to be trained to uphold the business plan. iPad usage was promoted as an innovative and efficient tool.

​3. After the first few stakeholders were sold on the idea, he cheered his team on to enlist even more clients.

Michael efforts paid off. He is already at 70% adoption! Since the start of the project, the savings stack up to a whopping RM 23k+ per month! Thanks to his accelerator project, Michael has a new-found confidence to approach important stakeholders. He became empowered to kick start groundbreaking and interesting ideas. He credits his class mates and his coach for keeping him motivated to make his project a success!

Part one of four

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