In today’s VUCA (volatile, uncertain, complex and ambiguous) world driven by the Internet of Things, Robotics, Artificial Intelligence, Machine Learning, and BigData, you need a powerful solution to gain real-time insights to stay ahead of your business. So, which data analytics tools should you invest in and why? By the time you read the last paragraph of this article, you will have information to make the right choice, save money by investing in the right audit and financial data analytics tool. Who needs analytics? Anyone with responsibilities for decision making. To be competitive, all staff at the manager level and…
Take action to Transform
You will not lose weight by watching aerobics on TV as you eat chips and chicken in your sitting room. If you want to lose weight, stand up and start working out. A simple walking around your home can do wonders than spending a whole day watching motivation talks. When it comes to career development, take proactive action. Don’t wait for a job advert. Identify the company of your interest, research about it and write a paper that demonstrates your skills to add value. Address the letter to the chief executive officer, and copy the Human Resources Manager. Read: Understanding…
BUBU: From talking to action
Policy brief (SC/o1/19) 1. Issue IN A BID TO GROW THE LOCAL content and empower local service providers, the Government of Uganda developed the Buy Uganda, Build Uganda (BUBU) Policy. This policy encourages all organizations operating in Uganda to prioritize local service providers. However, many Ministries, Directorates, and Agencies (MDAs) source and pay for services directly to foreign companies. This practice not only leads to loss of the much needed foreign exchange without any benefit to the local economy, but it also exposes GOU to national security risks specifically cyber risks. The current approach to ‘Open International Bidding’ procurements is…
Understanding the role of the board in value addition
What is the role of the Board? The board’s mandate is to provide strategic guidance that includes strategic direction and strategic oversight. Strategic direction is to identify the strategic bullseye – the ambition of the organization. While strategic oversight is about risk management and compliance for effective monitoring and control. A strategy is a plan of action designed to achieve one or more overarching long-term organizational goals and aims. For the board, you need to focus more on the process and not the outcome. It is important to note that plans are nothing. Planning is everything. So, having a strategic…
Tool 51 of 104 is to become better parents
“Oh ya,” the boy went. “You see, at home, Dad and Mom, pay me Ugx. 2.5m monthly. They give me an allowance. Now if I am to come and start working, they will no longer pay me this money. This means I can join you only if you are paying me more and above what I currently get. The difference of Ugx. 500,000 is my transfer price.” A friend told me a story that was fascinating. She was invited at an interview at a financial institution to help recruit an assistant manager for a city bank branch. After interviewing…
How government is letting the country down!
Whereas the Government of Uganda is ‘innovatively’ taxing every penny out of Ugandans, it continues to waste taxpayers’ money in poor procurement processes. Most MDAs pay for services directly to foreign companies. In other countries, our firm is required to have a trading license, VAT and National ID for team leader! When we get a consulting project in a foreign country (including regional ones), our firm is required to provide documentations which one can get only if they are a local company. In the end, we seek for partnership. At the end of the day, we spend over 40% to…
