Luke 5:1-11 But Jesus said to Simon, ‘Do not be afraid; from now on it is men you will catch.’ Then, bringing their boats back to land, they left everything and followed him. Your thinking will determine your future success potential and the ability to impact others. As parents complete the race of placing their children in ‘good’ schools, some of us who were not that lucky can only look. The school my wife and I had indicated as first choice for our daughter, did not give her a place. That is when she opened-up and said, “I really did…
Role of the Board in IFRS 9 implementation part 1
The board provides insights that the management may lack. For this reason, experienced and exposed people sit on board. Boards are helped by committees which have technical skills and expertise in the subject matter. For IFRS 9, the audit committee of the board plays a critical role in IFRS 9 compliance. The board and its committees must provide guidance to management especially the executive team to help navigate rough waters, identify and optimize opportunities, provide timely and reliable financial information to shareholders. Compliance is one of the key roles of the board. By now, many, if not all companies that…
A simple guide to shape company culture
A company without a culture is like a team with members who are strange to one another. You want to achieve the same goal, but you don’t know the skills and competence of your colleagues. The end result is playing hard and not passing the ball. Corporate culture is shaped by these things; Values Consistent practice of the values And behaviours of people As a leader, your role is to define the values that act as a bond among teams. What are those 3-5 desired qualities (values) that guide your way of life in running the business? Your chosen values…
Biases of an incidental Executive
Don’t put everyone on the frontline; you need generals To Think and Plan for the business There is a reason why every organization must have an organogram. As a CEO, you need to have people at the frontline for the day today, tactical team to guide those at the frontline and people at the top to see far where tactical and frontline cadres can’t see. If all your team is involved in the day today including people who should be thinking about long term, chances that your team thinks day today is very high. Your best generals are equally on…
Your company needs a strategic plan
It is common for some entrepreneurs and directors to say “my company is small. We don’t have a lot of money. Isn’t strategic planning for bigger companies?” A strategic plan is like balanced diet to the human body. Both the young and the old need it. The baby may grow, but chances of being sickly are very high. If you have ever attempted to drive at night, you must put on driving lights. Otherwise, you will not go far. It is like driving while it is raining, if your car windshield wipers are inactive, you will lose visibility and stop.…
How to speak to influence and win deals
At 9:00am sharp, I was signaled by a smartly dressed lady in a blue dress, in her mid-30s to enter. I later learnt she is the Strategy& Innovations Manager at my prospective client, a Tier II financial institution. It was my turn to make a presentation of our strategic planning approach to the bank’s top management team. Standing in front of a full 15-seater boardroom can be worrying sometimes. With experience, I have now improvised to always take three deep breaths silently; and hope for the best and look people in the eyes. Jane, the smartly dressed leady that had…
