What is the strategy in your strategic plan? In this part 2, we continue to explore the weaknesses of using the traditional approach; d)Easy to be predicted by the competitors The traditional approach does not offer a unique strategy. The result is a strategy and a plan that can easily be predicted or guessed by the competitor. The same challenge happens when the Balance score card performance measurement tool is used in developing a strategy. The competitor can easily predict the strategy because; i.The Vision, Mission, Values and goals are usually available publicly via the website or annual reports. These…
The willpower to succeed: error on positive float, part 6
In this part 6 of willpower, I continue on the importance of positive float On the 5 August 2004, I boarded a taxi heading to Kireka (a city suburb where I used to live). In the taxi I sat next to an old man. He had an Obote like haircut and looked well educated. I just sat quietly. As we were approaching Spear motors junction, after a 10 minutes’ drive, the old man tapped on me and said: Hi, young man. What do you do? I looked at him and intoned: “I am a consultant. I help people solve their…
The difference between a Strategy and a plan
To win, you must think strategically. To do so, you must understand the difference between a strategy and a plan. Many people confuse a strategy and a plan. In this issue we explore the difference between the two. Strategy Strategy is about choices which a company makes on how it will win with its customers and stakeholders against the competition. The business or organization activities can be divided into two (i) Revenue generation; (ii) Operations and project activities implementation. Revenue generation is concerned with the business model. How does the company make money? Is it sustainable? Usually, top management (tactical…
Issue 01/07: WinningMindset® leadership with Mustapha Bernabas Mugisa, CFE
The Willpower to succeed To succeed, you must lose the fear of failure. It is so unfortunate that many people do not want to hang around failures. On 22nd July 2016, different media outlets published a list of over 66 companies that they claimed are facing financial hardships and are seeking a bailout from government. The list included large companies involved in manufacturing, mining, hospitality and education. In the Uganda Vision 2040, manufacturing, mining, education and tourism are some of the core identified priority sectors for economic growth. The list contains companies linked to executives who have been at the…
WinningMindset: Education
What kind of message do you tell them as they go to school? Be careful with what you say to your children, it may end up becoming true. Tell your children to look for the following from school: a) Acquire intellectual firepower. Advise your children to read all the pages and words in the books. Where possible, read ahead of the syllabus. Read different books in the library – both fiction and non-fiction, regardless of your class. You will widen your intellectual fire power. And that is the difference you need to excel. b) Improve on your self-esteem. Try to…
Crossing the ethical line: the four, M.R.C.O, stages of fraud
‘‘Judge me, O Lord, according to my . . . integrity.’’ Psalms. 7:8 Running any organization requires a dedicated team of capable people. The minimum quality of great staff is good morals. The second one is ethics. However, it is increasingly becoming difficult to find people with high moral standards who are ethical. So; what is ethics? What are morals? Ethics are all rules and expected behaviors that govern our professional lives and practices as established – by parents at home, by the Church, the organizations we work in and the government. If you are a lawyer, for example, the…
