What about the number of years the business has been in existence? No. Not at all. Historical pre-existence does not necessarily provide immunity to the troubles caused by hard times. The corporate graveyard is full of dead companies that failed to respond to the modern VUCAP – volatile, uncertain, complex, ambiguous, and pandemic times. Many others are on their sickbed. Continued from part 1. Then what matters? It is the behaviours of business leaders and managers that matter the most! It is about the response and recovery decisions taken by business leaders during and after the hard times have struck.…
Winning in the COVID-19 era of scientific living
Scientific this, scientific that, ‘scientific’ is now in vogue. COVID-19 has created the need to keep a social distance. It is a punch in the gut to what makes us human – social interactions. People have therefore resorted to using technology to interact and deliver services. The national elections of 2021 have now been baptized ‘scientific elections. Just because this time around candidates shall not be allowed to conduct mass rallies to the campaign. They must do so via digital channels – television, internet, mobile phones, and social media. All Church activities are now “scientific” – you now have a…
Cybersecurity: Considerations for remote working and virtual meetings
If there is anything that COVID-19 has left us with, it is the leapfrog into the world of technology early adopters in our professional working lives. Despite our early adoption for new technologies at Summit Consulting Ltd, we never used virtual meeting applications and tools as intense as we did following the coronavirus pandemic lockdown. Before the pandemic, the major tools in use were Teamviewer, Remote Desktop, and Skype to mention but three. Suddenly, in February 2020, many things changed. Movements and interactions became limited and restricted. The economy was under lockdown as schools, offices, and businesses were closed as…
Creative thinking: Managing your business during hard times, part 1
The world is experiencing yet another crisis, that is more aggressive and pervasive. Unlike the financial-economic crisis of 2008, the COVID-19 pandemic has been disrupted all industries, while giving advantages to select few like technology companies to thrive. Sectors like Aviation, Hospitality, Tourism, Entertainment, and main-stream businesses have suffered the wrath of the pandemic. It seems to worsen by the day. Did the economic crisis find you as a business leader? Or to put another way, are you managing a business during the present COVID-19 “tsunami” times? If yes, I bet your dominating goal is to navigate this period safely,…
Sacraments are Instruments of God’s Grace
What are sacraments? A sacrament is a Christian rite which is recognized as particular, important and significance. Christians consider sacraments as visible symbols of God’s reality and channels of grace. Several people witness Sacraments being conferred to candidates but hardly know what they mean. We have expounded them through a series of articles but still, some people seem to remain in suspense even after reading them. Sacraments are Christ’s gifts that impart grace on all who believe. Sacraments are visible signs which represent God’s divine power. Sacraments can only be freely received. Though they are necessary for our salvation, one is free to accept or reject them. When…
Strategy vs Tactic – Best from WhatsApp
Most Stanford students fail this challenge. Here’s what we can learn from their mistakes. You’re a student in a Stanford class on entrepreneurship. Your professor walks into the room, breaks the class into different teams, and gives each team five dollars in funding. Your goal is to make as much money as possible within two hours and then give a three-minute presentation to the class about what you achieved. If you’re a student in the class, what would you do? Typical answers range from using the five dollars to buy start-up materials for a makeshift car wash or lemonade stand, to…
