All chief executive officers will eventually leave. But why do boards fail to adequately plan for the CEO succession? We have seen it in politics, the skill of planning for the successor seems to be the last item on the to-do-list of most board agendas, which they keep moving to the next meeting. The result is trial and error when the need for a new CEO arises. As part of business continuity and disaster recovery, we usually conduct business impact analysis (BIA) on the institution’s mission-critical capabilities that support key processes. One of such capabilities is people – staff skills,…

What is nepotism? Nepotism is biased favouritism to relatives and friends for the sake of edging off others unfairly. This happens when offering positions and opportunities of preference including appointment to positions, jobs, business, religion and politics. Nepotism is favouritism granted to relatives regardless of merit. The word nepotism is from the Latin word ‘nepos’ which means nephew. Nepotism has been condemned and criticized as unwise and evil. If a person is chosen for a job just because is loved or liked him, he/she will lead everyone to endless futilities. Nepotism is a common accusation in politics when the relative of a powerful figure ascends…

One of the commonly misused words in strategy is “leveraging technology” to win. Many leaders use it to refer to technology use across the board as a strategy to win. But if everyone is leveraging technology in some way or another in their business, how then can “leveraging technology” be a competitive strategy? The great god of Strategy, Michael Porter, said it precisely, “operational effectiveness” is not a strategy. Continuous improvement or doing things better and better is not a strategy. Lowering costs is not a strategy. Increasing productivity is not a strategy. A strategy is about making choices on…