Samuel Ssettumba (SS) sat down with Mustapha Bernabas Mugisa (MBM), aka Mr Strategy, the Team Leader at Summit Consulting Ltd to discuss how Small and Medium Enterprises can win through digitalization. To watch the video, click here: Below are the excerpts: SS: What does digitalization entail for an SME? MBM: To digitize entails using electronic business and electronic commerce and online tools to run the business. Digitization transforms your business to become more agile, nimble, and efficient. The starting point is to adopt digital records management and reduce time wasted in tracing up documents and invoices. The next phase…

  Does your board of directors add value or derail it? How do you measure the impact of your board on your business? In part 1, I listed the four practices that must be fostered among board members – open dissent, individual board member accountability, a climate of trust and candor, and four, timely board evaluations to assess the board and individual board members’ impact. In part 4, I explore the importance of board evaluation. Feedback is a powerful tool for performance improvement. Without timely feedback, expectations are diverse, and people (board members) may feel that their input is less…