The Ministry of Finance, Economic Planning and Development writes the budget, not the president. However, it is prepared in consultation with the President to align State House priorities so that they are well funded. And the National budget for the FY2017/18 has been passed and it is with us now. One thing is still unclear though. How does Uganda intend to raise revenue to domestically finance her Ugx. 29trillion budget? A country’s national budget is a very important milestone in the year. It is aimed at providing a blueprint for progress towards projected goals, including economic growth and the alleviation…
The PLANTS model to personal fulfillment and success
Today is a great Sunday at Our Lady of Africa Mbuya Church. It is our Parish day. And being the closest Sunday to the 15th August, we are also celebrating the feast day of the Assumption of the Virgin Mary, our patron saint. I wish to thank you all for having room in your lives for our Lord Jesus Christ and for supporting our Church. As Christians, we are one big family. How do we create forums to collaborate, work together and support one another? How do we not look the other way after Church, but be open to allow…
Barriers to managing internal resources
In organizations, we have gotten so many departments; Human Resources, Finance & Administration, Sales, etc. Do we really need all these departments? For example, if you a HR department, what value do they put on the table? What are the key focus areas they should be held responsible for? If you don’t ask such questions, the chances of having people in HR who just come to sit, create a lot of chaos in the organization are very high. HR role is not to recruit. Their role if it ever exists is to facilitate departmental recruitments. What do I mean by…
The leadership reforms: choices
As a leader, you are going to have huge challenges if you don’t make the right choices. Which kind of markets do you go into? Which kind of people do you employ? Are you going to focus on brick and mortar as a financial institution or leverage from technology, which kind of technology to deploy? What choices are you making in your business as a chief executive to move ahead? Leadership is about choices, either you choose A or B. when you choose A, it means you deliberately ignore B. The biggest challenge with mediocre leadership is trying to be…
Barriers to effective strategy execution point 5
Continuation of point 4 #5 Failure to prioritize and finance what matters most As a leader, you need to know what is in your way to effective strategy execution. There are certain things as a leader you need to get right. And alignment or having insider things speak together is very important. It is like having a car not well aligned. If you are driving through a straight road, put your hands off the stirring wheel as the car moves, if the wheels are not well aligned, the car will tend to veer off. To drive in a straight path, you must…
Barriers to effective strategy execution point 4
Continuation of point 3 #4 Lack of effective communication Ask all your top managers in a meeting to write down the top three strategic challenges to the business and how they are fixing it. Chances of getting different answers are high. And that is the diagnosis for poor strategy clarity. Turn your meetings into productive meetings. Have clear targets for each of your managers and standard reporting formats to enable reporting consistency. Poor articulation of the common target to all departments is a huge roadblock when it comes to effective strategy execution. You have HR thinking their focus is hiring people…