The river has moved! The bridge is no longer useful Coronavirus is a mighty wind that has changed the global landscape in terms of how people lead and make choices. It is one of the powerful change agents of the 21st century. Times and challenges have changed, and so have management beliefs and practices. Gone are the days when printing magazines made lots of money. Not anymore. The Internet made exclusive content readily available. Many magazines and print newspaper publications have since changed their business models in response to the new realities. Others have adopted the hybrid business models of…
Stay away from “Part-Time Consultants,” lessons from the frontline
The worst crime is to over promise and under deliver. As consultants, at Summit Consulting Ltd, we try as much as possible to only bid for projects for which we have the internal capacity to deliver. Gone are the days where we would rely on external resources. We learned the hard way. In 2015, we received impressive CVs from two Gentlemen who won our hearts with their experience and expertise in environmental impact assessments (EIA). Being management consultants, we had never considered expanding our service offerings to consultancies like EIAs. Those tasks were not our meat, in the consultant’s speak.…
Stop your bad manners during virtual meetings
Virtual meetings have formalized bad manners, selfishness, and individualism. It is common for the person on the other side of the virtual meeting via Google Meet or Zoom Call to say, “excuse me, I will have my breakfast during the call. Bear with me. But you are free to join…” And then will hastily add, “I won’t take Busheera.” The rest will laugh over it, and the meeting will resume, as the person will take their meal on the other side. Some people are the host of the call, so they put off the video and speak as they munch…
What does digital disruption mean for internal auditing?
The future of auditing is auditing the future. Enough with a review of historical data. The business is heading forward into the future. That is what internal auditing should focus on the value addition chain. Internal audit departments must be transformed through re-skilling, re-tooling, and exposure. Three challenges affecting internal auditing effectiveness in value addition Sampling: why test some and not all? How do we provide independent assurance enterprise-wide amid resource constraints? Cyclical: how do we avoid moving in circles again and again? How do we go beyond the mundane and basics? Past and rear-view: how do we avoid spending…
Countdown: 9 Days to the Uganda Banking Sector Report 2020 Launch
The most comprehensive Uganda banking sector report 2020 launch is around the corner. You cannot afford to miss this. What: summitBI Uganda banking sector report launch 2020 When: 14th August 2020, starting at 10 am sharp. Why: Banking sector – past, present, and future. Understand the drivers of Uganda’s banking sector. The strategically important banks (SIBs), winners and losers, and the macro-economic indicators. You will learn about the CAMELS framework for banking sector assessment. Fee: Nil. Attendance at the webinar is FREE of charge. The highlights of the Uganda banking sector report 2020: Uganda’s high-risk lending sectors The portfolios that…
Is your purpose aligned to the greater good?
The purpose is the reason for being. Why does your organization exist? Why does your team exist? Why do you exist? A clear purpose focuses the team to a common agenda and helps attract the right team. Winning companies spend a lot of time defining their purpose. You want prospective staff and partners to read your purpose and resonate. Figure 1: aligning personal purpose to organizational purpose Personal purpose Why do you exist? What do you hold dear? What values do you live? What causes do you support? To win, start by defining your purpose as it guides your outlook,…
