KAMPALA, 31st July 2019: In furtherance of one of its key corporate values, integrity, and good corporate governance, Crown Beverages Ltd conducted a full-day refresher course for the Top Management Team (TMT) on Enterprise-wide Risk Management (ERM), and Business Continuity Planning and Disaster Recovery (BCP/DR)training in accordance with International Organisation for Standardisation (ISO) 31000:2018 and ISO 22301, respectively. Speaking at the opening of the training, Mr. Paddy Muramiirah, CBL Chief Executive Officer (CEO) said that “We are a beverages company. Our products already undergo extensive quality control mechanisms as part of our risk management. However, as a learning organization, we…
The ‘strikers’ in a company
Running a private business is about two things: business development which covers branding, marketing and sales; and cost management which focuses on increasing shareholder value. If you have five staff, ideally more than 60% should be focused on the revenue side of the business. It does not matter how much costs you try to cut, if revenue is not growing, you will soon be cash trapped. Before you think about cost-cutting, first generate some money to keep the business moving. Why organizations struggle? Any company that must look for money in order to deliver her mandate, must make a deliberate…
Are you self-driven?
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Tell your staff the ‘why?’
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Are you the right person for the job?
Always ask the following questions to assess your relevancy to any organization you join. Whether it is a political office or board appointment, are you the right person for the job: What value in terms of skills, experience, and networks do I bring on the table? After my term in office, what organization achievements will be identified with me? Considering the nature of the organization and its competitive environment, which kind of leadership is needed and how do I help fix it? I am the best person for this role or I am just being rewarded by the appointing authority?…
We were lied to: we were trained not educated
Our teachers lied to us. Our parents lied to us. Our policymakers lied to us. Our government lied to us. We were trained, not educated. We the people were given the wrong education. This is one of the biggest frauds of all time. We were taught to cram and reproduce to pass exams. We worked hard to cram contents in all textbooks. During exams, we wrote and wrote and downloaded everything. Some of us – the chief crammers, got distinctions and made our parents proud. Thanks to our good end of Term results, we were given holiday gifts and…