You can achieve anything. I found this story of Jack Ma of the Alibaba empire and thought you would love it too. Enjoy. As you sow, so shall you reap”. It is a principle relevant to all environments, dynamics and levels of interaction. Corporate culture, employee well being and company performance is one more example of the dynamics and outcomes of this principle in action. In 1999, Jack Ma gathered 17 of his friends and students in his apartment in Hangzhou to share his vision of conquering global markets. They pooled together their resources of $60,000 and founded a B2B…
Perfection kills innovation and success, stop it!
Next time someone says “your diction or written English is bad” remind them that Chinese, Spaniards, etc are succeeding with their “bad” English. Be natural. Learn to express yourself freely. Focus on new ideas NOT the medium! You can cheaply hire a translator or use Google. What matters is an idea. The world is full of many dysfunctions and imperfections. That is why attention to details is an oxymoron. Few people will attend to your details. The secret is to keep improving, NOT to aim at perfection. All great companies I know of have been improving over the years. if…
Why NSSF recent proposal to increase deductions is baseless.
The recent proposal by NSSF management to increase monthly contribution from the current 15% is unreasonable and based on un-researched facts. NSSF should be looking at how to invest wisely the money it already has other than looking out for more when the contributors are yet to realize the many sunk benefits over the years. for example, NSSF gambled with workers money in Uganda Clays shares, which have now fallen sharply beyond reason. These are areas that we need answers. Imagine how much money we are talking about – NSSF is the largest shareholder; with majority shares in Uganda clays.…
Why Fraud and corruption will remain Uganda’s problem.
The recent published pay for top managers in Government parastatal has left many Ugandans tongue tied. Our economy is not doing so well with high fuel prices, rising food prices and overall increased cost of living. The current capitalist setup makes the poor poorer and the few with opportunities to short-change others are doing it with renewed vigor and are becoming richer. The published income disparities of EDs/CEOs of some of top corporations in Uganda make matters worse. Other people in the organization are likely to feel cheated (and therefore justify their actions) and in the process end up committing…
To be a creative marketer, try to make your ads stand out
To be honest, most ads around Kampala city are just average. It is rare to see a piece of ad work that stands out as in the one shown in this article. As a consultant and mentor, I understand that to get business and sustain your company growth, you must find creative ways to market your business. Failure to market will lead to your eventual exit to the more shrewd and ambitious marketers and business people. There are several tools available at your disposal to market. The common ones are (i) conventional marketing tools and (ii) unconventional marketing tools. Before…
How to set up a risk management department
The difference between good and exceptional business leaders who transform organizations is one: The latter first understand the kind of the industry they are operating in before implementing any new developments. Some organizations are by law and required to have a fully-fledged risk management department. This is because risk is so critical to the business that if some events materialized, the organizations would collapse. These could be legal or technology related events if an entity is fully reliant on IT system, for example. If an IT system of a bank got any problem, of prologed downtime where by customers are…