“This report clearly shows Ugandan companies continue to struggle in areas of Governance but are taking positive steps towards improving their structures.” Download The State Of Corporate Governance Report Today There are so many organizations that have put Boards in place but are doing things, which do not necessarily add value to the business. Knowing the Prince IV corporate governance best practices is one thing. Putting such practices into action is another thing altogether. No one wants organisations with window dressing Boards. Very many things go wrong with incompetent Boards. In politics, you will ask; “Is our parliament a ‘biting’…
The death of conventional or traditional strategic planning, part 1
Get a copy of any strategic plan, and you will see lots of analysis paralysis but no strategy. The simple test is: what is the strategy in the strategic plan document? Many leaders have a document named a strategic plan when such a document is a research paper. It has lots of SWOT – strengths, and weaknesses, opportunities and threats analysis listed. You find the entire section of the analysis, micro, and macro-economic reviews but no input to strategy. Such ‘literature review is so generic that you change the name of the company, it fits perfectly for another company.’ Many…
Zero to One by Peter Thiel is our Week 4, Book 4, April 2020 – read One Book Weekly and thrive
Get a copy of the book, Zero to One, and transform your thinking with original ideas. Few books challenge your current positions and outlook. Zero to one is such a book. In this world full of copycats, Zero to One, will empower you to think differently and win. According to Peter Thiel, the author who is an entrepreneur and investor and co-founded PayPal and Palantir, each moment happens once. Do not try to copy the Google model and expect to succeed. Such a moment happened once. So was Amazon, or social networking site Facebook. The point is folks who think…
Self-knowledge equals freedom from poverty
The first step in creating a cult is to brainwash people. Stand up. Look into the mirror. Point your index finger on your head? Ask yourself aloud: “Mustapha B Mugisa, I am in control of my mind?” replace my name with yours. If you cannot question all the things, they ask you to do, you are likely not to be in control of your mind and destiny. The bad with brainwashing is the inability to differentiate good from the bad. One tends to do anything they are asked even when such a thing is very bad. In institutions that thrive…
The serenity prayer amid #covid19—accept what you cannot change.
One of the popular sayings, attributed to a Chinese General, is “Never start a war you cannot win.” If you are 100 meters runner, do not join a marathon race which you know you cannot win. This means, to succeed in any endeavor you set out to do, research and about some information before you do it. And they practice. Evaluate your odds of success. Focus on joining competitions that you can win. Do not apply for a job in which you have not understood the company, the key officers who have the decision to accept or reject your application…
The common bank fraud schemes amind #covid19 lockdown, be aware, part 1
If you operate a bank account that has some money, you could be a target by cybercriminals. Many times, cybercriminals work closely with people who work in your company. Others could exploit your poor cyber hygiene and weak computer security measures in place. Either way, once your network and system security are compromised, there are many ways a hacker has to get money from you. We call it ‘monetizing the cyber breach.’ This is achieved in several ways: Ransom payment request. Hackers could access your mobile phone or laptop, and by chance find confidential information like private photos, or personal…
