What is your data strategy? Is it aligned with your corporate strategy? How do you plan to win with data? Every enterprise collects massive amounts of data daily. Yet over 90% continue to make decisions based on hearsay, opinion, and guesswork instead of data-driven insights. Wining companies now see data as a strategic asset that must be optimized and leveraged daily. Because over 80% of data in many companies is unstructured, winners make use of all the 20% structured data and the greatest extent of unstructured data. Whoever taps into the 80% unstructured data to inform decisions, gains a strategic…
What is your company’s vision? Or Aspiration? Or Ambition?
Vision, aspiration, or ambition – they all mean the same thing: where do you want to be? For the first time in my entire consulting career, a prospect asked me a question no one has ever asked me during initial prospecting. From nowhere, the CEO asked: what is the vision of Summit Consulting Ltd? As Mr. Strategy, understanding and owning our company vision is top of my agenda. One of the reasons companies craft good strategy documents but fail at implementation is the poor communication of the same, where many of the team members lack an understanding of what the…
The Ugx. 1000 difference
As part of risk management in this capitalist world, you are not advised to go out for a walk or run without some cash on you just in case. I usually grab a 10k or 20k note as I get out for a run. This morning, I did 10 kilometers and became very exhausted. With my Ugx. 10k, I branched to a supermarket and got some sweets, water, and other niceties to reward myself for the job well done. If you do not invest in yourself, no one will. I remained with a balance of Ugx. 1k. That is about…
America Decides 2020: what was on the ballot
Why the bother? Why is the rest of the world on the edge as the results of the US Presidential Election is announced? This election comes at a tough time for humanity. The Coronavirus pandemic has exposed health systems worldwide and the devastating power of inequality. President Trump has been accused of failing to make timely interventions to protect the American People from this deadly virus, COVID-19. It is a catch 22. In a democracy like America, people do what people want. Martial law does not work. Whereas other countries can decree a total lockdown, curfew time, and mandatory spray…
Mind your attitude, part 2
Continued from Part 1. To get the picture of the challenge, I tried to scan forms. It took almost 3-6 minutes to get the form ready. I imagined if one form took about six minutes, that meant in an hour a person could only scan a maximum of 20 forms, and that is for the most efficient folk. And the other processes of accessing the form, scanning it, and going back to store it, took lots of time too. I then moved around the people I had found, asking them about their experience. And their pain was clear: the scanners…
Mind your attitude, part 1
How do you react to new developments at the workplace, home, or how others relate with you? How do you think about new challenges or proposals? Is your attitude good or bad? If you want to win, train your brain and heart to see the positive side of things and be genuinely unbothered about folks who try to put you down or put you in situations that undermine your projects or successes. That kind of attitude is always rewarded, and you will scale heights and grow. My first job challenge When I completed ACCA level three, I had passed so…
