Are you winning or losing to the coronavirus pandemic? The economy, businesses, and lives have been disrupted. Now is the time to put in place a response strategy to respond to the covid19 challenge. The good news is the covid19 risks are systematic – or general risks that affect all the businesses. Unlike unique or unsystematic risks that affect a sector or business, covid19 has affected all companies in equal measure. Covid19 happened suddenly. It is like an airplane that is moving normally and suddenly enters think clouds that cause turbulences, and all the passengers in the aeroplane hold on…
PRESS RELEASE: Summit Consulting appoints a new Director: Pius Babyesiza
KAMPALA – 1st May 2020. Summit Consulting Ltd, summitcl.com, a professional services firm offering proactive forensics and fraud management services, corporate strategy, and risk advisory and IT security services is pleased to announce the appointment of a new Director, Pius Babyesiza. Pius is a Chartered Accountant and Change Management Expert with more than 13 years of experience in finance, leadership, and fraud risk management. Pius started his career at Ernst & Young CPAs and his outstanding work has taken him to various companies in different sectors including agriculture, energy, manufacturing, and finance. Before joining Summit Consulting, he served as Chief…
Why Indian families succeed in business than most African ones
I have noticed that Asians – Indians and Chinese work more as a team than Africans. In all countries where Indians operate, they live better lives and run successful businesses. Their success is attributed to a better understanding of how the world works. They do not believe in individualism. A father will allow the children to marry in their home. For example, you have a very rich man like Sudhir Ruparelia, having his son to marry and live in the same house! Yes, the house is big. Much as Sudhir is Ugandan, his practices are teamwork focused and leverage from…
How do you reach a compromise? Have you ever compromised?
Many people want it all to themselves. They do not want to make compromises. Such people may be difficult to deal with because they are “I deserve it all type” with a mentality of entitlement. They see no value in sharing or letting go. It is difficult to make friendships and influence people if you lack the art of compromising. One thing I want to make clear is do not to compromise on your values or principles that are ethical or promote compliance. You should compromise for the interests of the team’s success. We live in a world where people…
How important is persistent when working on a target?
They say, “going fast in the wrong direction is useless.” Equally, being persistent on a wrong cause or target will not get you far. To win, first spend time defining your purpose. Our elders say, “if you are given 10 hours to cut down the tree, spend over 7 hours sharpening the axe.” This old wisdom helps us understand the importance of planning before we do anything. Bruce Lee, one of the leading Martial Artist once said, “He does not fear the man who has practiced 100 different fighting styles for 5 years. He fears the man who has practiced…
What is your motivation fuel?
Occasionally, you stop everything to reflect: what is my purpose? So many things have been happening. The coronavirus epidemic has got all of us thinking. It has affected the poor and the rich, the educated and the illiterate, the young and the old, the celebrities and the nobodies equally. Few people have continued their normal routines without disruption. Now is the time to reflect and think deeply about your life’s purpose. With more than 50,000 people dying due to the covid19 pandemic, life is fragile. Many of these people were living lives that others just dream of. Had great families,…
