For the starters if you look at the situation in banks, it is really very bad. A typical bank invests a lot of money into a strong room. The bank commits almost US$3billion to secure just US$1billion cash money; by building a hardened strong room to store bulk cash. Insurance companies will usually restrict a bank to keep too much money in the strong room. The insurance company will dictate on the amount they can cover. Anything beyond that will bad for the bank. Typically, a given bank has over Ugx2billionin safe. When banksset up the strong room, they will…
How to climb the corporate ladder
How do you clear your desk so that you find free time? In your work, first identify who is your immediate supervisor and who is the supervisee of your supervisor. Write an email or request for a meeting with them; “I am trying to organise my desk. I request for five minutes of your time to understand what success means to you. What do you expect me to be delivering? I see so many things on my items but I want to organise such that I am able to deliver what you like most.” Because most people are very busy,…
Fast track your career
How do you move quickly through the ranks in your career? Yesterday while at a client, a staff asked for few minutes of my time. He asked me a question which I think is very important. It can also help you improve your life. He said; “I am draining myself. I have so much work on my desk. Am working in an environment so bad that when my boss notices it is approaching 4pm, he gives me a task. Am wondering how do I breathe life into my desk so that I can reduce the workload and find room for…
The Execution myth: ‘Be lean’
Strategy execution confusion occurs where different leaders try new initiatives in succession in reactive mode. The result is effecting interventions before they are effective. It is both costly and ineffective. Uganda telecom is one such company that has experienced the misfortune of free-wheeling opportunism – a tendency to try to react to the markets, to tap into any opportunity without establishing clear capabilities and systems to support sustenance. The red flag for this is the ever changing people at top leadership. UTL has had high turnover at the top level, changing over six (6) CEO’s within a period of five…
Networking insights for your success
Why do some people stay long in the middle and lower management while others tend to raise quickly to the top? In any organisation, there are three types of people. Those who earn a lot by saying YES or NO, those who supervise others and give information for which those who say YES or NO base their decisions and those who do the day-to-day work. These people work at three different levels top, middle and lower management. At the lower level, there is more usage of your hands than brains. At the top, there is usage of brains and better…
Never surrender your control
Never cease control. The biggest challenge as an entrepreneur you are going to go into is trying to cease your control as a leader. Sometimes, we find ourselves giving some people control. We bring them into our space. All of a sudden, they suck all our energy. They take too much power and end up abusing it. When you get a person who has never been in power, and give them too much of it, they end up misusing the right. I think you can see in the high levels of torture reported in the press. When you lose control…
