No company should get ready. It should stay ready. That way, there are no surprises. The case of fire at one of Toyota offices in Kampala that led to loss of a brand-new car worth over US $100,000 to fire is still. Indeed, many disasters have happened and caused some businesses to collapse altogether. The easiest solution to such risk management is insurance. However, one must insure risk which is transferable. Risks like loss of goodwill, reputation, intellectual property and inconveniences are not transferable and therefore cannot be solved by insurance. Accordingly, Insurance cannot pay for lost time, goodwill and…
Avoid relying on one person’s opinion
No one moves looking in one direction. There is no offense in looking side-ways, ahead and peeping. And when it comes to deciding, make sure you gather all the information you need. The best place to find practical and top ideas is consultation. Call your trusted and brilliant folks and ask them the right questions. If you want to get better answers, always provide accurate context. I own a Subaru Sports car. This year I had ambitions of buying a new car. However, maturity prevailed, and I realized that the Subaru is still good. All it requires is a body…
Mustapha B Mugisa, Mr. Strategy is a Transformation Speaker and Trainer
Do you want to transform your business? Have Mustapha speak to your Board Members, Top Management Team (TMT) and General Staff for fresh insights to grow. Get your team’s morale through the roof. Clarify individual staff roles in the journey. Stop wasting money in motivational talks when what staff need is being given responsibility and support. Table of Contents Topic 1: Don’t get ready stay ready. Topic 2: What is your ambition? Topic 3: For more topics, download Mustapha’s OnePageCV for event planners and HR officers looking for speakers. Important Links Mustapha is a Strategist, Keynote Speaker, and Trainer. …
Mobile money is a national security risk!
In 2015, Commercial Court Justice Christopher Madrama ruled in Katuntu vs Mtn Uganda Ltd & Anor that mobile money services offered by telecommunication companies, although acting as financial institutions lay outside the purview of the Bank of Uganda. This development prompted lawyer Mathew Kiwunda to sue the Attorney General, to prohibit government from continuing to levy, impose and collect taxes on all mobile money transactions in the country until proper legislation is enacted. Prominent lawyer, Fred Muwema has also put his gloves on in the ring and has threatened to sue the state, arguing that passing the mobile money tax…
You improve what you measure. Here is why micro-monitoring ticks
Regardless the size of your business, you must practice micro-monitoring to avoid small challenges and misses from becoming huge. You want to implement a system where issues are identified instantly and rectified. Unlike micromanaging where you ask people to do something and show them how they should do it and the money they should spend, in the process you undermine their own intelligence and their ability to provide you with innovative ideas to grow your business. With micro-monitoring, you tell your staff your expectations of them (targets) and ask them to give you a work plan showing clearly the key…
Is your strategy executing you?
“A poor strategy executed well is always better than a great strategy executed poorly.” — Michael Porter Strategy means choice. Unfortunately, many companies have a document labelled strategy. But when you ask “what is the strategy in your strategic plan” all they show you is a research paper full of great internal and external analysis using models like SWOT, PESTLED, Michael Porter’s 5 Forces and lots of the stuff. When you keenly analyze, you discover a missing link: lots of analysis but no relationships. Strategic choices are not properly informed by the analysis made. The measure of a great strategy…
