When a Soft Bread shop saw declining sales due to reducing walk-in customers, they went back to a strategy drawing table: why are people bypassing our shop and going straight into the supermarket to buy bread? The initial assumptions by the shop owners was that customers preferred buying bread from the Supermarket due to the convenience as a one-stop center shopping place i.e. in the supermarket, customers find everything they need in one place. It is surely convenient and faster than first branching off to a bread only shop, and then going into the supermarket to buy other items like…
A strategy that works: Perspective
What business are you really in? If you are in the education sector, what business are you really in? If you are an NGO, what business are you really in? When it comes to strategy formulation, the focus is not on input. It is on your business output. For example, if you have a college that provides secondary school training, your inputs are; Quality teaching facilities like classroom, teaching aid, playing areas, sports complexes, curriculum etc.; Quality human resource in terms of teachers and administration staff; Other amenities like great location and buildings, classrooms, dormitory among others; Unfortunately, your focus…
Want to succeed? Change your view!
If you want to succeed, you need to change your view. With technology, battles don’t have to be harder. And the earlier you accept that, the better for you. That saying is attributed to Ford Motors Corporation staff in the US in the early days of manufacturing where, after spending a lot of time, carrying steel, and then assembling and painting. They all sat down, and were happy. Looking at what their sweet had created, they were very happy. One of them, as a way of motivating the team for the next car and preparing their mind to it said:…
Succeeding without formal Education
Educated or not, if you can read or write, you have a minimum foundation to earn a living. You have no reason to just sit. The starting point is being a person of high moral standing and trustable. Next is acquiring hands-on or practical skills. People are always looking for house helpers, electricians, drivers, secretaries, car cleaners, people to send for errands or to the market, gate keepers, people to wash clothes, typists (especially for very busy people), Graphic designers, Camera men, sales persons, aides, people to drop and pick kids from school, etc. As long as they know you…
The struggling Crane Bank
One of the financial institutions; Crane Bank you aware of has for the past 10 years won many prestigious awards including African Banker of the Year issued from London. On 21st October 2016, we woke up to the news that Bank of Uganda had taken over management. We are aware that Crane Bank complies with the Financial Institutions Act, has the Board of Directors, External Directors and Annual General Meeting (AGM). We met with Dr Twaha Kigongo Kaawaase to discuss the future of the banking sector. Download Full Magazine: Qn: I understand you sit on the IFAC SMP committee, what…
The humanity trap
Money, religion and sex are also known as the inescapable three – they are hard to avoid. They capture each and every soul. Figure 1: Inescapable three The atheists – folks who do not believe in God or Godly things, always fall hard for money. They say too much love for money makes people disregard God. For, it is a damn tough call, to pursue both and get to the peak of them all. To get one in the desired quantity and quality, you have to sacrifice the other. It is difficult to be too religious with lots of…