Without a responsive strategy, it is easy to fall flat

Without a responsive strategy, it is easy to fall flat

The website, https://www.toysrus.com/, might still be on, but Toys R Us filed for Chapter 11 Bankruptcy on 26th September 2017 in the US. In this brief, I explore how poor strategy led to the collapse of this once giant pacesetter in the retail space. When you are big, it is easy to get pre-occupied with the routine at the expense of strategic thinking which has a deadly end.

Toys R Us was one of the leading companies in the toy market.

The company that started 69 years ago, expanded steadily to over 1,600 stores globally, with annual revenues at US $13 billion. However, […] Read more

The avoidable crisis

The avoidable crisis

The age limit tinkering threatens to throw our country into a crisis. We can avoid it. Ugandans know the costs of war better than anyone. We invested lots of our money in drafting our Constitution. It is one of the major achievements of the NRM government. It is the basis for our democracy and governance. It should be revered. Standing the test of time is a sign of a great Constitution.

Doing the right thing does not call for deployment of our security agencies, whatsoever. It just makes all of us anxious and threatens our confidence in the motives of the […] Read more

What it takes to become a professional accountant

What it takes to become a professional accountant

There are few professions that give one a latitude to excel at different jobs. Accountancy is one of them. A master at numbers and a bedrock of key decision making across the business, there are few fulfilling career options like becoming a professional accountant.

You would be right to call me an accidental accountant.

Limited career guidance during our secondary school times meant that we drifted our aspirations to professions that were common in our rural communities. When you were sick, you would go to the doctor or nurse at the local dispensary. When the bicycle broke down, you took it to […] Read more

Accounting crime and fraud challenges

Accounting crime and fraud challenges

When I was in prison, visiting, an inmate came right after my presentation and said “Mustapha I really appreciate your talk on in-mate reformation. But how do you advise someone like me serving a jail term for a crime I never committed?” This was my first face to face with a victim of fraud, 10 years ago. Then an Accounts Officer at a local NGO, the victim was serving a jail term for misappropriation of petty cash. He was a young accountant on his first job. He explained to me that he had been requested by his supervisor, the Finance […] Read more

Security brief: The breach of all breaches – the Equifax dilemma

Security brief: The breach of all breaches – the Equifax dilemma

Half the population of America, over 143 million people may have had their Social Security numbers and other data stolen, in the massive data breach at Equifax, the credit bureau. The breach that took place in May 2017 is considered the biggest so far.

www.equifax.com (website is currently not available), is the Uganda’s equivalent of three entities – National Information Registration Authority (NIRA), National Social Security Fund (NSSF) and Credit Reference Bureau (CRB). These entities hold a lot of data about Ugandans. The NIRA contains the NIN which identifies all registered Ugandans by their birth, sex, place of residence, village of […] Read more