Sunday, April 22, 2018

Havard Business - The Nigerian Case Study

Harvard Business School, General Manangement Program; Leaders Incentives and Development

Nigeria - Faith in the Balance

Case Study:
Africa is growing; Seven of the ten fastest gowing economies in the world are in Africa, and the continent's largest economies are becoming less dependendent on extractive commodities. The continent's rising middle class has demostrated a tastefor consumer goods and technological innovation and Africa's population - currently more thana billion people- is booming
and overwhelmingy young at a time when population in other regions are shrinking and ageing.

Nigeria, sub-Saharan Africa's largesteconomy epitomimizes both the promise and the problems the continent faces in the 21st century. The country had failed to thrive for its first therty years as an independent nation, despite having a developmental head start relative to countries
like China and India, as well as hundreds of billions of dollas in oil revenue.

Now after pathbreaking reforms followed by signs of retrenchment, Nigerias new president faced both vast opportunity and grave challenges.
Would the county flourish or founder in this new era?
Let's analyze key reforms in Nigerias economy, significant political developments and other choices facing the countrys fast-growing private sector.

1 Why did Nigeria fail to thrive between 1960 and 1999, particularly relative to China and India?
2 How would you characterize former president Obasanjos legacy?
3(a) Are you bullish or bearish on the next fifteen years for Nigeria?
  3(b) What would make you change your mind?
  3(c) What opportunities do you see?
  3(d) What ae the challenges (and risks)?

Add to the global body of knowledge with your comment

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Friday, March 16, 2018

Female Startups

In the absence of clear goals, we become strangely loyal to performing daily trivia until we become enslaved by it....Robert Heinlein

One of the most important thing a female entrepreneur can bring to the table is Trust.
Building trust with customers can be challenging but you can overcome that challenge by
Co-creating your products and services,
Associating with prominent figures and
Embracing transparency

Here are Some Interesting Female Startups:

1. Accompany uses AI to be your virtual chief of staff, providing you with all of the information you need before meeting just about anyone.

2. Brandless was just named by Fast Company as one of the world’s 50 Most Innovative Companies. Brandless co-founder Tina Sharkey has created one of the strongest direct to consumer brands around.

3. Verge Genomics uses machine learning and human genomic data to defeat neurodegeneration. This is one exciting genomics startups.

4. Mighty Networks co-founder Gina Bianchini is taking on Facebook once again, having previously co-founded social platform Ning together with Marc Andreessen (which grew to 90 million users).

5. Hipcamp is a marketplace that connects campers and land. If you're an outdoors person you'll love it. Dave Morin says: "This is an amazing idea and so well designed. In love."

6. Lumi co-founder Jesse Genet turned down a Shark Tank deal two years back. Today, the packaging company serves customers from all 50 states and 20 countries worldwide. Lumi recently announced a $9M Series A round of funding, and the company is profitable. 👏

7. Shippo helps businesses succeed through shipping, and powers eBay's Guaranteed Delivery Program (among other marketplaces and platforms). Shippo recently raised a $20M Series B funding round.

8. Guild Education is an education benefits platform that allows employers to offer tuition reimbursement and college degree programs to their employees. Lifelong leaning is one of the most important skills to in internalize.

9. May Mobility is an autonomous vehicle startup that deploys fleets of driverless vehicles for enterprise and municipal customers. For more, check out our list  of the Top Self Driving Car Startups. 🚙

10. Werk is the premier destination for flexibility as the future of work. The company sources highly flexible jobs from top companies.

11. Collective Retreats offers luxury retreats to the kind of destinations that will blow your mind. It's a new, more meaningful way to travel.

12. Modern Fertility introduced easy test that gives you powerful information about your fertility. The same fertility test offered in top fertility clinics, online, and for a fraction of the cost.

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Monday, February 19, 2018

Intrinsic Motivation

Why are some people unimaginative in one context and so creative in another?
Intrinsic Motivation is a major component of what makes people creative, if there is a true commitment to a shared mission, the ideas will come.

Established firms will be disrupted by startups if they fail to innovate
The biggest misconception about innovation is that it’s about ideas. It’s not. It’s about solving problems. So the first step to building an innovative team is to hire people interested in the problems you need to solve.

Three Ways to Improve Intrinsic Motivation:
  1. Create Diversity.
    The challenge for managers is to create an environment that is both diverse and psychologically safe. Great innovative teams learn to constructively work through these tensions. You should be creating an environment where people expect to have their
    perspectives challenged by someone who looks, talks, and thinks differently.
  2. Value Teamwork.
    Creative people are friendly, gracious, with genuine interest and desire to help others. The best innovators are knowledge brokers, who embed themselves into networks. This character is so consistent that we can conclude that when it comes to innovation, generosity can be a competitive advantage.
  3. Promote Psychological Safety.
    The opportunity of each team member to give voice to their ideas without fear of reprisal or rebuke. Perhaps; That one elusive piece of insight can crack that tough problem
The truth is you don’t need the best people — you need the best teams.

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Sunday, January 07, 2018

Start the Debate

“Often pleasant, seldom pleasing — but certainly not disruptive are dicisions made without debate”.......Emmanuel Sodipo

Research has shown that how one defines and identifies with entrepreneurial role, affects ones
ability to amass key resources. While investors allocate significantly more money to disrupters, that capital is deployed less efficiently because disrupters’ flashy ideas may energize and inspire others, it might not be enough to keep them.

Operating models must define ways of working and behaviors that bring your cooperate strategy to life

Consider these three cooperate models:
  • Your company’s promise to its customer is lowest costs, is everyone focused on cost control?
  • Your reputation is built on superb service, is everyone highly attuned to how they affect the customer experience?
  • Your brand is on high-performance, what behaviors are nonnegotiable and how you’re enabling them?

Now consider these three personal profile:

  • I am a passionate innovator who loves helping fast-growing companies excel. I create the
    greatest value when leading or advising an organization where there is a need to
    disrupt existing solutions to achieve growth and value.
  • I am a builder of things. My purpose is to build systems and tools that allow for things to be done with greater
    intelligence, with less friction. I surround myself with like-minded people who see the possibilities and find a
    way to make them a reality.
  • I am diligent, loyal and a believer, I have faith in God and all things work together for good, the wealth of
    the wicked shall be transferred to the rightous
What personal profile best match the listed cooperate model?
Start the Debate

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Monday, December 25, 2017

Thursday, November 09, 2017

Cluster of Idea Space

The education of the incremental innovator leads to mastery of the already available paths of scientific knowledge and methods.......William Baumol

With concepts like Big Data, Block Chain and IOT, most businesses are now confronted with the leap from “dumb" products into creating smart, connected products.

Breakthrough inventiveness requires unorthodox approach to education that favors the exercise of the imagination.A world of education spanning geographical barriers resulting in exchange of ideas between students, professors and entrepreneurs.

A mix of in-company training and formal training within a climate of interactive spaces for knowledge creation, dissemination and innovation.

These interactions morphe into clusters:
Businesses have clustered into networks throughout history, but today we refer to business clusters like the technology industry in Silicon Valley, the financial sector in London and automakers in southern Germany.

Business clustering is an organic process involving a self-organized, self-sustaining, and self-reinforcing formation of interconnected businesses

Vibrant cities rely on clusters that can adapt; and cluster adaptability in turn hinges on an “idea space”
An idea space for a handful of skilled individuals, local entrepreneurs recycled with academic excellence.

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Saturday, October 07, 2017

Growth in a Digital Landmine

Error moves with quick feet and truth must never be lagging behind........ Anonymous

Digital transformation is not just about technology. The approach a company adopts to communicates with its employees, organizes them, and reskills them will play a fundamental role in its ability to take advantage of the new consumer landscape.

Plug-and-play e-commerce technology, search engine optimization, big data, block chain and other distribution solutions are making it far easier for products to directly reach consumers.

Some compaanies like:
Coca-Cola recently reshuffled its leadership team to focus on growth, innovation, and digital by enabling them to build digital road maps for their regions and businesses
Unilever just acquired Dollar Shave Club (for digital subcription sales)

L’Oréal invested in Founders Factory (for digital startup accelerator)

Kassir Hussain of Connected Home observed that “In a space that can often be confusing and frustrating to consumers, our focus on regular user interviews, meetings,tests, and demos allowed us to build a product that was simple, easy to use, and addressed real consumer needs.”

We must continuously invest in periodic upskilling initiatives in a range of learning experiences to grow in the digital age.

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