Now that you have specified your playing field, the next question is how do you win the game? Business is a tough game. Many of the competitors are not known. It is so tough that the chances of own goals are high. You have seen instances where your teammates or staff are a snake in the grass—committing fraud, spending too much time on company internet doing their own social media updates at the expense of the business, using Company resources for personal benefits eg printing coursework on company stationery or doing personal work on company computers, etc you get the…
What is the duty of care?
Director or any person in a position of responsibility commits a sin of lack of duty of due care when they fail to demonstrate the competence expected of them as directors or staff in their respective jobs. A director must not only act in good faith but also “with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.” Someone says they are qualified, but they fail to act with due care and lead to business losses. Take a case of a car mechanic opening the engine and after fixing the…
Are you proud of your brand?
There is not a great salesperson who became so selling a product they don’t admire, love and believe in. Once you see people being ashamed of being identified with a particular brand or product, know they cannot sell it. You cannot say you love Uganda when you even don’t know its Anthem! You cannot claim to be a proud Munyoro when you have never visited Karuziika, the seat of the throne. Obviously, you cannot claim to love the Kabaka, when you even don’t know where the Buganda Palace is located. Action speaks louder than words. Once at a strategic meeting,…
#Mindspark 7: Where are you playing?
Your most pressing issue is “Lack of money due to lack of a well-paying job.” Now define the key elements of your strategic intent by completing the strategy cascade, as defined in the “Playing To Win” Book I shared in Mindspark 3 blog post. The identified strategic possibilities to solve the strategic challenges are below. Possibility 1.1. Upskill – enroll on an MBA (assuming you have the first degree only), and start by teaching at University. Possibility 1.2. Start a small business and work hard. Possibility 2.1. Position as a top AI & Robotics lawyer in EA (or any such…
#Mindspark Friends, my book challenge starts today.
The purpose: spark your mind. Are you ready to grow in 2020? Learn someone thing new weekly. You will be so far ahead in 52 weeks in 2020. Every week, I will share a new title for you to read. Every Friday at 8:00 pm, I will provide a brief summary of the book. You are free to ask any questions. Do you know that over 70% of the people who buy books never read them properly? Some do a quick perusal. Others just put it on the table next to the TV remote and never open the book. Every…
#Mindspark 6: Define winning possibilities
In Mindspark 3, you read about strategic challenges some readers shared. In this issue, let’s formulate a strategic possibility to address the below reader-submitted pressing issue. “Lack of money due to lack of a well-paying job.” There are many routes (ways) to win. When strategizing, the focus is on identifying the route that will deliver the desired success in a way that is cheaper, faster and sustainable. To find a winning strategy for this pressing challenge, one needs to know a little more context – personal background, history, challenges, qualifications and environment. What are your current capabilities – the 6ms…
