How effective are your board meetings? Is your board still operating on a traditional agenda or the modern one? The traditional agenda emphasizes the historical performance of the business, past successes and bad decisions. The minutes of the previous meeting, the reports from management and executive director’s report – all tend to focus on presenting the past performance of the organization, with limited information on the future agenda or how to influence it. The highest decision-making body of the business should put more emphasis on the future of the company because that is where it is heading. Who is the…
Bill Gates passes on the Leadership Torch
Entrepreneurship is about preparation. Laying the foundation for success and being ready for the big break. As they say, great things happen when opportunity meets preparedness. Bill Gates, Steve Jobs, Jeff Bezos, and many more great entrepreneurs prepared and continued laying the foundation and opportunities moved their way. Microsoft’s turning point happened in 1980 following IBM’s acceptance to sign an agreement with Microsoft to build an operating system we know today as Microsoft Disk Operating System (MS-DOS). From that time on, any IBM computer, had MS-DOS preinstalled. They provided a ready market for Microsoft. This was a bring break. It…
How Uganda’s GDP swings affect personal incomes…
In 2016, economists projected an 8.4% GDP growth rate for Uganda attributed to oil production. There were a lot of preparations in anticipation. Uganda’s GDP growth has been volatile attributed to the ever-changing macro-economic dynamics. The key GDP drivers are services (52%), agriculture (23%) and industry 25%. Tourism and diaspora remittances contribution to GDP at the US $1.3 billion and 1.5billion respectively are key drivers. In 2016, Uganda had announced about the US $ 10 to 12 billion investment in upstream oil development activities. However, something happened and the final investment decision (FID) by the government, remains hanging. GDP growth…
