What are the motives of World Bank local country offices? Why is World Bank adamant when it comes to partnering and engaging with the private sector especially in issues of furthering the enterprise governance discussion? The Association of Certified Fraud Examiners, Uganda Chapter is organizing the 2nd annual anti-fraud and good governance conference with a theme: Winning Partnerships against the Fraud Risk in the Public Sector. Aware that nothing eats shareholder value like fraud, on 8th September 2016, we sent a partnership and attendance invitation letter. It is unfortunate that World Bank Uganda office turned down the invitation! How does…
Your on-line activity: The Emperor Has No Clothes!
A story is told of an Emperor who allowed himself to be dressed in the finest suite of new clothes, which he had been told “had the special capability that it was invisible to anyone who was either stupid or not fit for his position.” In his special suite, he held a procession through town, never admitting that he was too unfit and stupid to see what he was wearing. He was afraid that people would think that he was stupid. The story goes on that “all the townspeople wildly praised the magnificent clothes of the emperor, afraid to admit…
Quotes attributed to H.E. Robert Mugabe
The following quotes attributed to H.E. Robert Mugabe are superb. When you read the first, your face lightens up. The second one, you open your mouth. On the third one, you laugh. On the fourth you are finished. They say laughing is good medicine. Here is your total medicine. Read whenever feeling low. The quotes are not mine. They are attributed to H.E. Robert Mugabe. Here they come. He who swallows a complete coconut have absolute trust in his anus. The only warning Africans take serious is ‘LOW BATTERY.’ Whenever things seem to start going well in your…
How to rise through the ranks as a CFE
Are you a CFE or a newly certified fraud examiner? How do you gain instant recognition across the organisation especially at the senior and top executive levels? Why do some CFEs raise quickly through the ranks, while others tend to stagnate in the lower and middle levels? How can a CFE have a direct reporting line to the Board, considering that investigation is more critical and high risk compared to audit? As a CFE, how do you show your value to all key stakeholders and grow your career and the profession? ___ The answer may not be something you think.…
Craft a strategy for a new era (Part 2)
What is the strategy in your strategic plan? In this part 2, we continue to explore the weaknesses of using the traditional approach; d)Easy to be predicted by the competitors The traditional approach does not offer a unique strategy. The result is a strategy and a plan that can easily be predicted or guessed by the competitor. The same challenge happens when the Balance score card performance measurement tool is used in developing a strategy. The competitor can easily predict the strategy because; i.The Vision, Mission, Values and goals are usually available publicly via the website or annual reports. These…
Craft a strategy for a new era
Many organizations are mediocre because they are still stuck in the traditional approach to strategic planning.The times have changed. You need a strategy for the new era.There are several developments in the 21st Century. We cannot continue doing things using the 19th Century models and frameworks. The traditional approach to planning should be stopped; as it has lots of weakness, specifically: a)Lack of context b)Too abstract or theoretical. You get a strategic plan which is like a research paper. c)Too much unnecessary analysis, with little benefit to the strategy. d)Easy to be predicted by the competitors e)Keeps the company in…
