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…
What is your position
Running a company is like managing a football club. You must identify the best people and place them in the right positions. A football club key scorecard is winning championships or league titles or cups. To do so, football clubs have a clear structure to identify, nurture, train and manage people. The main product of a football club is the first eleven (11) football team; and the reserve players. The football leadership team, headed by the Head Coach is responsible for identifying the best players and their ideal positions. If the Coach switches positions of the striker and goal keeper,…
What value do you bring on the table?
Do you know that everyday you go to work; the company is spending money? As a good employee, conduct a daily reality check: what is the cost the business makes because it gave you a job? And how much revenue do you bring on the table? If you did not come to work today, how much loss or gain would the company? The objective of any business is to make money and save costs or both. When you get a job, you need to study your job description or scorecard carefully to understand where to you fall. Are you in…
The lie: staff motivation improves productivity
If you want a good life, go out and act. Start doing something about it. Stop waiting for some folk who is already frustrated with their lives to come and talk into you some motivation. One of the worst performance improvement concept is motivational speaking. The best person to motivate you is you. The staff has a choice: to be self-motivated or not. It does not matter how many motivational talks one attends, if one lacks a full tank of personal beliefs in own potential to thrive, nothing good will happen. For that reason, over 70% of the people who…
