Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MON. 30 APRIL 2018


Tracking Times – headlines
LOCAL HEADLINES:
DAILY POST
Prevail on Buhari to release our members detained for celebrating you – IPOB tells Trump
2019 presidency: Buhari reveals how he will destroy cabals if he wins election
Boko Haram: How Obama failed Nigeria – Presidency
Herdsmen Killings: Buhari should forget 2019 if bloodshed continues – CAN
Dino Melaye’s recall: Kogi APC reacts to result of outcome
Buhari arrives Washington to meet with Donald Trump
Home of Nwodo, President of Ohanaeze Ndigbo bombed
Gov. Obaseki allowed a boy hit my head because I called for Buhari’s impeachment – Sen. Urhoghide
Dino Melaye breaks silence over failed attempt to recall him
What I see happening to Nigeria if killings continue – Chekwas Okorie
VANGUARD
Restructure Nigeria to end Biafra agitation, insecurity, others, OBJ’s aide tells FG
SEX FOR MARKS IN LITERATURE: From the novel, BURN AGAIN
Buhari is fiddling while Nigeria burns ‘ CNM
Half of Nigeria’s 36 states insolvent, survive on FAA ‘ Report
Herdsmen: 8 feared dead, scores injured in fresh Benue community attack
Looters want power back to steal resources ‘Usani
2019: ADP’ll win Delta gov poll ‘Esanubi
Itsekiri urged to demand explanation for abandoned projects
Dino Melaye survives recall from Senate
Stop these killings, Oba of Benin charges Buhari, govs
16 YEARS AFTER: Court dissolves Louis Odion’s marriage
We regret our sojourn in APC ‘Delta PDP returnees
APC CONGRESS: Lagos Progressives demand zoning of chairmanship
Privatisation not solution to national emergency in water sector, says ERA/FoEN
SAHARA REPORTERS
Christians In Ondo Protest Senseless Killings Of Nigerians
Benue Killings: Bishop Urges Christians Not To Fight Back
Protesting Christians Ask Buhari To Stop Incessant Killings
N10bn Scandal: NGO Asks EFCC To Probe Finance Minister, Others
President Buhari Arrives In Washington For Meeting With Trump
Nigerian Referee Banned By CAF
What Trump Needs To Know Before Buhari Tells Him I’m A Criminal By Fredrick Nwabufo
In Defence Of Muhammadu Buhari By Festus Adedayo
PREMIUM TIMES
Boko Haram: Nigeria did not get required support from Obama ‘ Presidency
Thugs attack senator’s political meeting
Christian groups protest, warn President Buhari to stop killings or lose 2019
Our role in attack on senator who called for Buhari’s impeachment ‘ Nigeria Police
Disgraced former SGF Lawal calls for transparent APC congresses
Health Workers Strike: Nigerian govt, JOHESU hold crucial meeting Monday
N6 billion Convention Fund: Stop lying to Nigerians, PDP tells APC
2019: Why we want Buhari’s job ‘ Presidential Aspirants
THE AUTHORITY
Explosion rocks Nwodo’s home
How Senator Melaye survived recall bid
Christians, Muslims in Benue begin 7 days fasting over killings
Makurdi NBA charges NPS, Others on rights of inmates
Guber aspirant accuses Bauchi govt of ineptitude
Christians protest Benue Killings
You ‘re not lazy, Saraki tells Nigerian youths
Obama- didn’t support Nigeria against terrorism ‘Presidency
Save us from Amokpo, Obinagu Amangwu youths beg Gov Ugwuanyi
Christians protest Benue killings in Abuja
NEW TELEGRAPH
$496m aircraft: Buhari’s extra budgetary spending
Explosion rocks Ohanaeze President’s country home
CAN to Buhari: Forget 2019 if killings continue
Insurgency: Bickering over Buhari’s purchase of fighter jets
Role of Diaspora in national devt, bilateral relationship
Nigerian workers living in worse conditions ‘ NLC, TUC
FIRS generates N1.171trn in Q1 2018
Dino Melaye survives recall, humiliates Gov Bello
AMCON injects N40bn into Arik Air, Aero, ailing firms
Charges push Chams to negative in 2017
Killings: Christians mourn, vow to vote against Buhari
Hair products for blacks could cause cancer, other diseases
Firm hires CEO for Nigeria, others
LG polls: Oyo ‘LAMISTS’ tackles Ajimobi over imposition of candidates
Tony Blair’s wife, 2 others join Dangote Cement
TRIBUNE
No one can intimidate me, I have been jailed for no offence ‘Obasanjo
Terrorism: Obama denied us needed support ‘Presidency
President Buhari arrives Washington to hold talks with Trump, others
Should bloodshed continue, forget 2019 ‘Ayokunle, CAN President tells Buhari at protest rally
Fashola’s claim on improved power supply
Dankwanbo: The redeemer cometh
Grit: A critical success factor
I am sad about politics in Nigeria, says Koleosho at 80
On Oyo new education system
2019, youths and question of political alternatives
PUNCH
Presidency upbeat as Buhari meets Trump today
Another $202m belonging to NIA missing, says Reps panel
Killings: Nigeria experiencing ethic cleansing, says Soyinka
Melaye recall bid fails as INEC releases verification results
FG borrows N5.5tn from pension savings, delays minimum payment
Pope decries attack on Nigerian church as Christians protest killings
AMCON MD calls for stiffer regulation of aviation
FG inaugurates panel on conformity assessment compliance in MDAs
Illegal refineries endangering lives in Port Harcourt PENGASSAN
FG’ll extend oil, gas parks beyond Niger Delta ‘Kachikwu
FGll extend oil, gas parks beyond Niger Delta Kachikwu
Give state tax agencies autonomy, Fowler tells govs
THE NATION
Killings: Protests, prayers in Lagos, Benue, Ibadan
Net profit hits N19.7b as Oando defies odds
CBN to sack CEOs, chairmen of banks with delayed accounts
Explosion at Ohanaeze presidents home
Abductors demand N30m for Ekiti PDP chief
Melayes recall fails as INEC releases result
Will Lagos-Ibadan Expressway ever be delivered
Adams: why I celebrate my birthday annually
Chivita Active unveils new campaign
Minister mourns Oyo Speaker, Tambuwals aide
WORLD HEADLINES:
CNN
Australia to invest millions in Great Barrier Reef restoration and protection
Trump assails Correspondents’ Association over comedian’s ‘filthy’ act
Fear the Walking Dead’ hastens makeover with surprise twist
There’s a new Democratic agenda taking shape. It’s more and more progressive. Can it survive success
Trump assails Correspondents’ Association over comedian’s ‘filthy’ act
North Korean defectors say unification requires closing a cultural chasm
UK home secretary resigns over immigration scandal
3-time cop killer released on parole
US mobile carriers agree to merge
Report: Trump’s doctor won’t return to role after withdrawing as cabinet nominee
Seen from above: Human impact on Earth
North Korean defectors say while leaders may bridge differences, societies would have much work to do
Trump expected to address NRA’s annual meeting
Jazz improv and your brain: The key to creativity
Hamilton wins after Bottas puncture
Last-gasp heroics for Fiji
Migrant caravan approaches US-Mexico border
Alfie’s Army releases balloons to honor memory of toddler
Last-gasp heroics see Fiji lead Sevens title race for first time
Patients turn to pot over pills to get off opioids
Julian Zelizer: Stop believing this myth about Trump’s base
AL JAZEERA
Syria army shells Yarmouk amid humanitarian concerns
Analysis: Will Pompeo end the GCC crisis?
Gaza: 3 Palestinians killed by Israeli forces at border
Armenia’s ruling party won’t stop ‘people’s candidate’
Rwanda’s Kagame accuses ICC of bias against Africa
Syria: SDF reclaim territory hours after government capture
Iraq: 19 Russian women handed life sentences for joining ISIL
Hundreds of Thais protest, defying military ban
Israeli railway to ‘entrench apartheid’ in West Bank
US secretary of state stresses need for Gulf unity
BBC
Dozens of migrants in ‘caravan’ stuck at US-Mexico border
North Korea: Chinese foreign minister to visit Pyongyang after historic talks
Ko wins first tournament in two years as England’s Hull finishes tied third
The NHS treatment that caused my cancer
Nigeria President Buhari to meet Trump in Washington
Fortnite: 13-year-old is game’s youngest professional player
Barca wrap up La Liga title with Messi hat-trick
Nigeria’s deadly codeine cough syrup epidemic
Games no longer where careers ‘go to die
The challenge of identifying dead migrants
LeBron leads Cavs through in NBA play-offs
Nigerian referee Joseph Ogabor banned for one year
Why does the US still have ‘debtors’ prisons
Barcelona ‘dominant in Spain but change needed for European challenge
Sundowns switch focus to Champs League after winning SA title
BBC Women’s Footballer of The Year 2018: Lucy Bronze profile
Mali FA normalisation committee to stay on until Ocotober
Who joins ‘electric’ Zaha in Garth’s Team of the Week’ Plus pick your own
Zurich Classic of New Orleans: Billy Horschel & Scott Piercy win
Ostracised and fetishised: The perils of travelling as a young black woman
Rangers job a ‘no-brainer’ for Gerrard – Shearer
ASSOCIATED PRESS
The Latest: Afghan official says 21 killed in Kabul attacks
Pompeo swaps no-profile espionage for overt diplomacy
In Trump era, the death of the White House press conference
Days of Our Lives
Competing US factions seek to sway arrivals from Puerto Rico
Report: Jackson not returning as Trump’s personal physician
Health care is new front for transgender rights under Trump
UK interior minister quits over growing immigration scandal
Sprint, T-Mobile have to sell $26.5B deal to antitrust cops
Port operator DP World now firmly in hyperloop business
Sprint and T-Mobile agree to combine in all-stock deal
China factory activity eases, service sector gains in April
The Dam Busters’ director Michael Anderson dies at 98
Ocean Resort owner reveals plans for former Revel casino
Danny DeVito gets his own day in his native New Jersey
Church from ‘Alice’s Restaurant’ song reopens after upgrades
Sprint and T-Mobile agree to combine in $26.5 billion deal
Health care is new front for transgender rights under Trump
White House mystery: Where is Macron’s gifted oak tree
The Latest: Pompeo offers strong boost of support for Israel
Influential Burning Man festival co-founder dead at 70
BUSINESS HEADLINES:
$11bn fines fail to deter global corruption EY report – Punch
12 Subscription Boxes You Should Definitely Try Out – Forbes
14 insurance firms’ claims up 23.15 percent to N85.84 billion in 2017 – BusinessDay
2 Cyclones And 12 Days Of Rain: Enjoying Fiji When The Weather Doesn’t Cooperate – Forbes
22 phrases Americans say that leave foreigners completely stumped – Business Insider
3 Branding Mistakes To Avoid When Scaling Your Business – Forbes
3 Emerging Sporting Goods Brands That Are Banking On Grassroots Marketing – Forbes
3 People Who Add Instant Influence To Your Network – Forbes
32 State Govts undermine N1trn insurance premium income target – Vanguard
4 Questions To Help You Decide If Long Term Care Insurance Is Right For You – Forbes
5 Podcasts Grads Should Download Immediately – Forbes
5 WWE Stars Who Will Thrive After Switching Brands – Forbes
6 Ways To Be A Sustainable Traveler – Forbes
7 details you might have missed on the latest episode of ‘Westworld – Business Insider
80 per cent of our resolutions are negotiated – The Nation
A complete guide to every song and piano cover featured on ‘Westworld – Business Insider
A hot crypto hedge fund keeps poaching talent from Goldman Sachs – Business Insider
SPORTS
2018 NFL Draft Earned Highest Viewership of All Time; Averaged 5.5M Viewers – Bleacher Report
4-Star LB Marcel Brooks Commits to LSU over Alabama, Oklahoma and More – Bleacher Report
5-Star WR Garrett Wilson Commits to OSU over Texas, Oklahoma State and More – Bleacher Report
Abayomi wins Zenith Bank ‘Next Generation’ Junior Tennis Masters – New Telegraph
Abayomi, Quadri win Zenith Bank Tennis Masters – Punch
Alex Ovechkin, Capitals Beat Sidney Crosby, Penguins 4-1 to Even Series at 1 – Bleacher Report
All set for kick-off of Headmasters’ Cup – New Telegraph
America vs. Pumas headline Liga MX quarterfinals, but can teams deliver on expectations – Goal
Ancelotti rejects Italy job – Punch
Azerbaijan: Vettel on pole, Hamilton is second – Daily Trust
Barca wrap up La Liga title with Messi hat-trick – BBC
Barcelona ‘dominant in Spain but change needed for European challenge – BBC
Barcelona Clinch 25th La Liga Title Without Losing a Single Game – FTBpro
Barcelona Seal La Liga Title with Win vs. Deportivo; Lionel Messi Nets Hat-Trick – Bleacher Report
Barcelona Transfer News: Latest on Lucas Digne’s Juventus Rumours – Bleacher Report
BBC Women’s Footballer of The Year 2018: Lucy Bronze profile – BBC
Billy Horschel, Scott Piercy Team Take Zurich Classic 2018 Win at 22 Under – Bleacher Report
Busquets pinpoints Atleti triumph as moment Barca won the title – Goal

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija 2018 Winner Miracle reportedly named Education Ambassador for Imo State – Bellanaija
#BBNaija: Bromance Between Miracle and Tobi Continues As They Both Seal New Endorsement Deal [Photos] – Gistlover
#BBNaija: Khloe Flaunts Side Boob In Red Swimsuit [Photos] – Gistlover
#BBNaija: Miracle and Tobi seal new endorsement deal (photos) – Information Nigeria
#BBNaija: Miracle Reveals Who He Wants to Take to His All-Expense Paid Trip To Dubai – Gistlover
#BBNaija: Tobi discloses his words about Efe winning out of pity were twisted – Information Nigeria
5 Ankara Styles That Melted The Internet This Weekend – Information Nigeria
Advice Column: My Friend’s Girlfriend Keeps Flirting With Me, If Only She Knows I Have HIV – Information Nigeria
AGN unveils insurance policy – The Nation
Anal Sex: 7 new ways to enjoy it – Pulse
Any Man Who Sleeps With Me Dies, 7 Gone Already, But I Need Sex’ ‘ Ghanaian Lady – Information Nigeria
Army nabs four Boko Haram suspects in Yobe State – Linda Ikeji
Atrocity: ‘My husband slaughtered our three daughters’ – Distressed lady – Pulse
Avengers’ Opens With $630m, Smashing Global Record – Channels TV
Avengers: Infinity War’ is now the Second Highest Box Office Debut of All Time! – Bellanaija
Baby Noah is One Month Old! WATCH Adanna of AdannaDavid give Updates on Breastfeeding, Routines & More – Bellanaija
Barcelona clinch LaLiga title for the 25th time – Linda Ikeji
BBNaija winner, Miracle makes grand entrance in multi million Naira Mercedes Benz SUV at the homecoming party yesterday (Photos/Video) – Information Nigeria
Business
As Nigerians Battle Pains Of Soaring Petrol Price
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

BY IFEANYI MOGBOLU
The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.
It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.
It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.
The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.
READ ALSO: NNPC Lied About Pump Price, Our Fuel Is 15% Cheaper Than NNPCL’s Imported Ones — Dangote
Hardship: ‘Suspend All Policies Impoverishing Nigerians’, NASME Begs Tinubu
Naira Hits Six-month Low In Official FX Market, Prof. Steve Hanke Slams Tinubu
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.
It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.
There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.
QUOTE:
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
READ ALSO: Bill Gates, Anthony Fauci and conspiracy theories (part 2)
Nigeria’s economy stagnated – Bill Gates
Nigeria Is Not Meant To Exist, A Collateral Damage And British Royal Niger Corporation -Burna Boy
Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
READ ALSO: Leadership, not God responsible for Africa’s poverty
Afrocentric colonialism: The new face of African oppression
Health: Genotype And Compatibility, Phenotype, Blood Groups And DNA
In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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News5 years ago
$800m oil fraud: resign as Petroleum Minister – Frank tells Buhari, asks for probe
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Biafra5 years ago
PROPHECY: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pst. Maxwell Nnawuihe (Text & Video)
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Biafra5 years ago
BREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
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Business8 years ago
NEWS PAPER HEADLINES FOR TODAY THURSDAY 28 SEPT 2017
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Business4 years ago
FUEL: PPPRA removes new petrol price post as NNPC insists no hike
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Business7 years ago
Suspected Fulani militia kill two in fresh Taraba attacks
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Biafra5 years ago
VIDEO: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pastor Maxwell Nnawuihe
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News6 years ago
A fatal accident along Benin/Auchi express way has claimed the lives of an entire family while traveling for Christmas.
Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MON. 30 APRIL 2018


Tracking Times – headlines
LOCAL HEADLINES:
DAILY POST
Prevail on Buhari to release our members detained for celebrating you – IPOB tells Trump
2019 presidency: Buhari reveals how he will destroy cabals if he wins election
Boko Haram: How Obama failed Nigeria – Presidency
Herdsmen Killings: Buhari should forget 2019 if bloodshed continues – CAN
Dino Melaye’s recall: Kogi APC reacts to result of outcome
Buhari arrives Washington to meet with Donald Trump
Home of Nwodo, President of Ohanaeze Ndigbo bombed
Gov. Obaseki allowed a boy hit my head because I called for Buhari’s impeachment – Sen. Urhoghide
Dino Melaye breaks silence over failed attempt to recall him
What I see happening to Nigeria if killings continue – Chekwas Okorie
VANGUARD
Restructure Nigeria to end Biafra agitation, insecurity, others, OBJ’s aide tells FG
SEX FOR MARKS IN LITERATURE: From the novel, BURN AGAIN
Buhari is fiddling while Nigeria burns ‘ CNM
Half of Nigeria’s 36 states insolvent, survive on FAA ‘ Report
Herdsmen: 8 feared dead, scores injured in fresh Benue community attack
Looters want power back to steal resources ‘Usani
2019: ADP’ll win Delta gov poll ‘Esanubi
Itsekiri urged to demand explanation for abandoned projects
Dino Melaye survives recall from Senate
Stop these killings, Oba of Benin charges Buhari, govs
16 YEARS AFTER: Court dissolves Louis Odion’s marriage
We regret our sojourn in APC ‘Delta PDP returnees
APC CONGRESS: Lagos Progressives demand zoning of chairmanship
Privatisation not solution to national emergency in water sector, says ERA/FoEN
SAHARA REPORTERS
Christians In Ondo Protest Senseless Killings Of Nigerians
Benue Killings: Bishop Urges Christians Not To Fight Back
Protesting Christians Ask Buhari To Stop Incessant Killings
N10bn Scandal: NGO Asks EFCC To Probe Finance Minister, Others
President Buhari Arrives In Washington For Meeting With Trump
Nigerian Referee Banned By CAF
What Trump Needs To Know Before Buhari Tells Him I’m A Criminal By Fredrick Nwabufo
In Defence Of Muhammadu Buhari By Festus Adedayo
PREMIUM TIMES
Boko Haram: Nigeria did not get required support from Obama ‘ Presidency
Thugs attack senator’s political meeting
Christian groups protest, warn President Buhari to stop killings or lose 2019
Our role in attack on senator who called for Buhari’s impeachment ‘ Nigeria Police
Disgraced former SGF Lawal calls for transparent APC congresses
Health Workers Strike: Nigerian govt, JOHESU hold crucial meeting Monday
N6 billion Convention Fund: Stop lying to Nigerians, PDP tells APC
2019: Why we want Buhari’s job ‘ Presidential Aspirants
THE AUTHORITY
Explosion rocks Nwodo’s home
How Senator Melaye survived recall bid
Christians, Muslims in Benue begin 7 days fasting over killings
Makurdi NBA charges NPS, Others on rights of inmates
Guber aspirant accuses Bauchi govt of ineptitude
Christians protest Benue Killings
You ‘re not lazy, Saraki tells Nigerian youths
Obama- didn’t support Nigeria against terrorism ‘Presidency
Save us from Amokpo, Obinagu Amangwu youths beg Gov Ugwuanyi
Christians protest Benue killings in Abuja
NEW TELEGRAPH
$496m aircraft: Buhari’s extra budgetary spending
Explosion rocks Ohanaeze President’s country home
CAN to Buhari: Forget 2019 if killings continue
Insurgency: Bickering over Buhari’s purchase of fighter jets
Role of Diaspora in national devt, bilateral relationship
Nigerian workers living in worse conditions ‘ NLC, TUC
FIRS generates N1.171trn in Q1 2018
Dino Melaye survives recall, humiliates Gov Bello
AMCON injects N40bn into Arik Air, Aero, ailing firms
Charges push Chams to negative in 2017
Killings: Christians mourn, vow to vote against Buhari
Hair products for blacks could cause cancer, other diseases
Firm hires CEO for Nigeria, others
LG polls: Oyo ‘LAMISTS’ tackles Ajimobi over imposition of candidates
Tony Blair’s wife, 2 others join Dangote Cement
TRIBUNE
No one can intimidate me, I have been jailed for no offence ‘Obasanjo
Terrorism: Obama denied us needed support ‘Presidency
President Buhari arrives Washington to hold talks with Trump, others
Should bloodshed continue, forget 2019 ‘Ayokunle, CAN President tells Buhari at protest rally
Fashola’s claim on improved power supply
Dankwanbo: The redeemer cometh
Grit: A critical success factor
I am sad about politics in Nigeria, says Koleosho at 80
On Oyo new education system
2019, youths and question of political alternatives
PUNCH
Presidency upbeat as Buhari meets Trump today
Another $202m belonging to NIA missing, says Reps panel
Killings: Nigeria experiencing ethic cleansing, says Soyinka
Melaye recall bid fails as INEC releases verification results
FG borrows N5.5tn from pension savings, delays minimum payment
Pope decries attack on Nigerian church as Christians protest killings
AMCON MD calls for stiffer regulation of aviation
FG inaugurates panel on conformity assessment compliance in MDAs
Illegal refineries endangering lives in Port Harcourt PENGASSAN
FG’ll extend oil, gas parks beyond Niger Delta ‘Kachikwu
FGll extend oil, gas parks beyond Niger Delta Kachikwu
Give state tax agencies autonomy, Fowler tells govs
THE NATION
Killings: Protests, prayers in Lagos, Benue, Ibadan
Net profit hits N19.7b as Oando defies odds
CBN to sack CEOs, chairmen of banks with delayed accounts
Explosion at Ohanaeze presidents home
Abductors demand N30m for Ekiti PDP chief
Melayes recall fails as INEC releases result
Will Lagos-Ibadan Expressway ever be delivered
Adams: why I celebrate my birthday annually
Chivita Active unveils new campaign
Minister mourns Oyo Speaker, Tambuwals aide
WORLD HEADLINES:
CNN
Australia to invest millions in Great Barrier Reef restoration and protection
Trump assails Correspondents’ Association over comedian’s ‘filthy’ act
Fear the Walking Dead’ hastens makeover with surprise twist
There’s a new Democratic agenda taking shape. It’s more and more progressive. Can it survive success
Trump assails Correspondents’ Association over comedian’s ‘filthy’ act
North Korean defectors say unification requires closing a cultural chasm
UK home secretary resigns over immigration scandal
3-time cop killer released on parole
US mobile carriers agree to merge
Report: Trump’s doctor won’t return to role after withdrawing as cabinet nominee
Seen from above: Human impact on Earth
North Korean defectors say while leaders may bridge differences, societies would have much work to do
Trump expected to address NRA’s annual meeting
Jazz improv and your brain: The key to creativity
Hamilton wins after Bottas puncture
Last-gasp heroics for Fiji
Migrant caravan approaches US-Mexico border
Alfie’s Army releases balloons to honor memory of toddler
Last-gasp heroics see Fiji lead Sevens title race for first time
Patients turn to pot over pills to get off opioids
Julian Zelizer: Stop believing this myth about Trump’s base
AL JAZEERA
Syria army shells Yarmouk amid humanitarian concerns
Analysis: Will Pompeo end the GCC crisis?
Gaza: 3 Palestinians killed by Israeli forces at border
Armenia’s ruling party won’t stop ‘people’s candidate’
Rwanda’s Kagame accuses ICC of bias against Africa
Syria: SDF reclaim territory hours after government capture
Iraq: 19 Russian women handed life sentences for joining ISIL
Hundreds of Thais protest, defying military ban
Israeli railway to ‘entrench apartheid’ in West Bank
US secretary of state stresses need for Gulf unity
BBC
Dozens of migrants in ‘caravan’ stuck at US-Mexico border
North Korea: Chinese foreign minister to visit Pyongyang after historic talks
Ko wins first tournament in two years as England’s Hull finishes tied third
The NHS treatment that caused my cancer
Nigeria President Buhari to meet Trump in Washington
Fortnite: 13-year-old is game’s youngest professional player
Barca wrap up La Liga title with Messi hat-trick
Nigeria’s deadly codeine cough syrup epidemic
Games no longer where careers ‘go to die
The challenge of identifying dead migrants
LeBron leads Cavs through in NBA play-offs
Nigerian referee Joseph Ogabor banned for one year
Why does the US still have ‘debtors’ prisons
Barcelona ‘dominant in Spain but change needed for European challenge
Sundowns switch focus to Champs League after winning SA title
BBC Women’s Footballer of The Year 2018: Lucy Bronze profile
Mali FA normalisation committee to stay on until Ocotober
Who joins ‘electric’ Zaha in Garth’s Team of the Week’ Plus pick your own
Zurich Classic of New Orleans: Billy Horschel & Scott Piercy win
Ostracised and fetishised: The perils of travelling as a young black woman
Rangers job a ‘no-brainer’ for Gerrard – Shearer
ASSOCIATED PRESS
The Latest: Afghan official says 21 killed in Kabul attacks
Pompeo swaps no-profile espionage for overt diplomacy
In Trump era, the death of the White House press conference
Days of Our Lives
Competing US factions seek to sway arrivals from Puerto Rico
Report: Jackson not returning as Trump’s personal physician
Health care is new front for transgender rights under Trump
UK interior minister quits over growing immigration scandal
Sprint, T-Mobile have to sell $26.5B deal to antitrust cops
Port operator DP World now firmly in hyperloop business
Sprint and T-Mobile agree to combine in all-stock deal
China factory activity eases, service sector gains in April
The Dam Busters’ director Michael Anderson dies at 98
Ocean Resort owner reveals plans for former Revel casino
Danny DeVito gets his own day in his native New Jersey
Church from ‘Alice’s Restaurant’ song reopens after upgrades
Sprint and T-Mobile agree to combine in $26.5 billion deal
Health care is new front for transgender rights under Trump
White House mystery: Where is Macron’s gifted oak tree
The Latest: Pompeo offers strong boost of support for Israel
Influential Burning Man festival co-founder dead at 70
BUSINESS HEADLINES:
$11bn fines fail to deter global corruption EY report – Punch
12 Subscription Boxes You Should Definitely Try Out – Forbes
14 insurance firms’ claims up 23.15 percent to N85.84 billion in 2017 – BusinessDay
2 Cyclones And 12 Days Of Rain: Enjoying Fiji When The Weather Doesn’t Cooperate – Forbes
22 phrases Americans say that leave foreigners completely stumped – Business Insider
3 Branding Mistakes To Avoid When Scaling Your Business – Forbes
3 Emerging Sporting Goods Brands That Are Banking On Grassroots Marketing – Forbes
3 People Who Add Instant Influence To Your Network – Forbes
32 State Govts undermine N1trn insurance premium income target – Vanguard
4 Questions To Help You Decide If Long Term Care Insurance Is Right For You – Forbes
5 Podcasts Grads Should Download Immediately – Forbes
5 WWE Stars Who Will Thrive After Switching Brands – Forbes
6 Ways To Be A Sustainable Traveler – Forbes
7 details you might have missed on the latest episode of ‘Westworld – Business Insider
80 per cent of our resolutions are negotiated – The Nation
A complete guide to every song and piano cover featured on ‘Westworld – Business Insider
A hot crypto hedge fund keeps poaching talent from Goldman Sachs – Business Insider
SPORTS
2018 NFL Draft Earned Highest Viewership of All Time; Averaged 5.5M Viewers – Bleacher Report
4-Star LB Marcel Brooks Commits to LSU over Alabama, Oklahoma and More – Bleacher Report
5-Star WR Garrett Wilson Commits to OSU over Texas, Oklahoma State and More – Bleacher Report
Abayomi wins Zenith Bank ‘Next Generation’ Junior Tennis Masters – New Telegraph
Abayomi, Quadri win Zenith Bank Tennis Masters – Punch
Alex Ovechkin, Capitals Beat Sidney Crosby, Penguins 4-1 to Even Series at 1 – Bleacher Report
All set for kick-off of Headmasters’ Cup – New Telegraph
America vs. Pumas headline Liga MX quarterfinals, but can teams deliver on expectations – Goal
Ancelotti rejects Italy job – Punch
Azerbaijan: Vettel on pole, Hamilton is second – Daily Trust
Barca wrap up La Liga title with Messi hat-trick – BBC
Barcelona ‘dominant in Spain but change needed for European challenge – BBC
Barcelona Clinch 25th La Liga Title Without Losing a Single Game – FTBpro
Barcelona Seal La Liga Title with Win vs. Deportivo; Lionel Messi Nets Hat-Trick – Bleacher Report
Barcelona Transfer News: Latest on Lucas Digne’s Juventus Rumours – Bleacher Report
BBC Women’s Footballer of The Year 2018: Lucy Bronze profile – BBC
Billy Horschel, Scott Piercy Team Take Zurich Classic 2018 Win at 22 Under – Bleacher Report
Busquets pinpoints Atleti triumph as moment Barca won the title – Goal

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija 2018 Winner Miracle reportedly named Education Ambassador for Imo State – Bellanaija
#BBNaija: Bromance Between Miracle and Tobi Continues As They Both Seal New Endorsement Deal [Photos] – Gistlover
#BBNaija: Khloe Flaunts Side Boob In Red Swimsuit [Photos] – Gistlover
#BBNaija: Miracle and Tobi seal new endorsement deal (photos) – Information Nigeria
#BBNaija: Miracle Reveals Who He Wants to Take to His All-Expense Paid Trip To Dubai – Gistlover
#BBNaija: Tobi discloses his words about Efe winning out of pity were twisted – Information Nigeria
5 Ankara Styles That Melted The Internet This Weekend – Information Nigeria
Advice Column: My Friend’s Girlfriend Keeps Flirting With Me, If Only She Knows I Have HIV – Information Nigeria
AGN unveils insurance policy – The Nation
Anal Sex: 7 new ways to enjoy it – Pulse
Any Man Who Sleeps With Me Dies, 7 Gone Already, But I Need Sex’ ‘ Ghanaian Lady – Information Nigeria
Army nabs four Boko Haram suspects in Yobe State – Linda Ikeji
Atrocity: ‘My husband slaughtered our three daughters’ – Distressed lady – Pulse
Avengers’ Opens With $630m, Smashing Global Record – Channels TV
Avengers: Infinity War’ is now the Second Highest Box Office Debut of All Time! – Bellanaija
Baby Noah is One Month Old! WATCH Adanna of AdannaDavid give Updates on Breastfeeding, Routines & More – Bellanaija
Barcelona clinch LaLiga title for the 25th time – Linda Ikeji
BBNaija winner, Miracle makes grand entrance in multi million Naira Mercedes Benz SUV at the homecoming party yesterday (Photos/Video) – Information Nigeria
Business
As Nigerians Battle Pains Of Soaring Petrol Price
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

BY IFEANYI MOGBOLU
The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.
It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.
It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.
The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.
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The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.
It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.
There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.
QUOTE:
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
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Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
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In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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