Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MON. 7 MAY 2018
Tracking Times – Headlines
LOCAL HEADLINES:
VANGUARD
Group asks Justice Nyako to hands off IPOB case
Explosion in Idika Kalu’s house: IPOB goes to court over allegation
Anglican Communion asks FG to end killings in Benue, Plateau, others
Lawyers drag NASS, AGF, others to court over lawmakers’ remunerations
KILLINGS: NCF disturbed over imminent food scarcity
Petrol tanker crushes baby that fell off moving keke in Bauchi
Stop this mischief, group warns Clark, others
Economic development impossible under APC
Issues around minimum wage demands
Fayemi predicts industrial revolution
Massive industrialization in C-River under Ayade amazing ‘ Akpabio
Ekiti 2018: BOTCHED APC PRIMARY- Aspirants trade blames
2019: Nigerians can’t afford to elect a bad president ‘ Hagher
DAILY POST
Killings in Nigeria: Expect more protests from Christians – CAN tells Buhariin ago
Why Buhari’s govt is yet to end killings – Shehu Sani
El-Rufai speaks on fresh Kaduna killings
Ekiti APC primary: 27 aspirants want Al-Makura-led panel disbanded
What Buhari should do about snatching of ballot boxes at APC congresses – Okorocha
Buhari’s re-election will further divide, impoverish Nigerians – PDP
Tinubu urges FG to declare public holiday for PVC collection
Buhari lied to Trump about AK-47 wielding herdsmen – Gov. Ishaku
PDP reports Buhari to UN, accuses him of killing Nigerians
2019: Okupe reveals how Buhari can be removed
Botched Ekiti APC primary: ‘Your integrity at stake’ – Segun Oni tells Oyegun
‘APC almost dormant at the grassroots level’ – Tinubu cries out
Buhari’s minister, Adeosun officially joins APC
PUNCH
Again, bandits kill 45, raze houses in Kaduna village
2019: Must candidates be subjected to debate
Ogidi, Umunnachi resolve 100-year-old land dispute
Melaye, Senate and police brouhaha
Ngige escapes attack as Anambra APC meeting turns violent
Ekiti: Oni, Ojudu attack Fayemi, APC wants primary concluded
IPMAN seeks lawmakers support to end fuel scarcity
IBB sacked me seven days to my wedding, says ex-editor
Rivers APC faults Abes no congress claim
Ranching will stop killings, Okowa tells FG
THE NATION
Bandits kill 45 in Kaduna
61 assets in Dubai: Battle shifts to UK as EFCC writes NCA
$2.5b currency swap deal to ease forex liquidity pressure
How to identify suicide bombers, by Buratai
Congresses: APC asks aggrieved members to appeal
Lagos begins N6b compensation payment
Non-passage of Budget 2018: Our pains, by LCCI, MAN, others
LNSC arrests 14 traffic robbers
NMA seeks end to JOHESU strike
Four police cadets, others die in Kano-Kaduna crash
Dinos trials
THE HERALD
We Believe This Is Ethnic Cleansing’ ‘ Ibadan Pastor Joins CAN Protest Over Church Attack
I have stolen 1200 phones from Lagosians ‘ Notorious pickpocket confesses
See Lagos Abattoir Where Human Parts Business Allegedly Takes Place
Anthony Joshua Reveals When Wilder Fight Might Happen
Travis Scott’s mom demands DNA test on Kylie’s baby
Screenshot Photos From Arsene Wenger’s Tweets As He Bids Farewell To Arsenal
Buhari Is a Threat to Democracy- Uche Secondus Writes to UN
Dwayne Johnson Responds To DJ Khaled’s Sexual Preference Comments
BBnaija: Fans Of Ahneeka Gifts Her N1 Million (Photos)
Pogba Attacked By Team Mates, Ushered to Safety By Security
See Kaduna Community Where ‘Mass Burial Has Become A Daily Ritual
Why Nigerians Shouldn’t Move to Canada- Nigerian Lady Reveals
Stop Buhari’s Impeachment Plan Or Else’- Muslim Group Threatens
THE AUTHORITY
Anambra honours 22 for combating malaria scourge
Tension in Anambra community over 2019 Assembly Election
NOA takes security campaign to Ekwulobia Park
Abia monarchs demand inclusion of inputs on choice of projects
SDP Anambra stakeholders resolve to enthrone the next President in 2019
Onyishi adds to the glamour of road network in Enugu.
Alaigbo demands confab on Nigeria’s future
Violence congress tears APC apart
Bandits kill another 27 In Kaduna village
Marginalisation: Ndigbo won’t fight another war ‘ Nwodo
Niger Gov stops FG road projects in Minna, Suleja
Malabu Oil Scam: Adoke alleges fresh plot against him, Jonathan
THISDAY
Buhari Alone Isn’t the Problem
I Have No Plan to Dump APC, Ortom Restates
Rights Group Frowns at Arbitrary Arrest, Detention of Melaye’s Security Detail
Don’t Turn to Propaganda Poster Boy, PDP Tells Osinbajo
Fayose’s Appointees Barred from Voting in Ekiti PDP Guber Primary
Get Your Permanent Voter Cards, Senator Tinubu Tells Nigerians
How Ekweremadu Nominated Yar’Adua for Nobel Peace Prize
Secondus Slams Buhari over Harassment of Melaye
Shoot Out at APC Ward Congress Meeting, Ngige Escapes Death
Adamawa APC Ward Congresses Greeted with Mixed Reactions
Man City Crowned EPL Kings
CAF Confed Cup: Enyimba in Flying Start against Djoliba
TRIBUNE
Herdsmen killings: We feel deceived by those in authority ‘Apostle Popoola
Alleged Kano underage voters: INEC is not culpable
On codeine ban
It will be difficult to impeach President Buhari
Seeing further than your eyes can see
Mind the core (2)
Ekiti guber: Fayose alleges plan by APC to disrupt PDP primary election
Ondo youths protest over ten years power outage
Army Chief’s convoy intercepts four highway robbers
Ekiti APC aspirants demand disbandment of Almakura committee
Congress: Lagos APC vice chairman, Faud Oki calls for cancellation
WORLD HEADLINES:
AL JAZEERA
Afghanistan mosque bomb blast kills 14, wounds dozens
Nigeria: 45 killed after bandits raid northern village
Outcry as UAE, Bahrain send cycling teams in race held in Israel
Tunisia’s Ennahdha party tops landmark local vote: state TV
Erdogan unveils election manifesto, vows new cross-border push
Five rebels, five civilians killed in Kashmir violence
Israel attacks Gaza ‘in retaliation’ for flaming kites
OIC to assume ‘stronger role’ over Rohingya crisis
Rouhani: US to face historic regret if nuclear deal ends
Israeli forces shoot dead two Palestinians in Gaza
CNN
Trace Apple’s meteoric rise back to this one day
Scientists excited by huge New Zealand sinkhole
Giuliani: Trump lawyer could have paid other women
Number of children in Japan shrinks to new record low
China’s next big travel destination
KAWS on why he collects and making art more accessible
Trump divines his own truth without consequences
Storm’s a comin’, baby’: Porn star taunts Trump on ‘SNL
Malaysia PM Najib Razak is in a fight for his political life
Oil pops above $70 for first time since 2014
US highway sniper idolized Parkland shooter
War reporter opens up about burying photojournalist friend
Trump’s new lawyer has made a series of eye-opening statements about the Stormy Daniels payment
I’m ‘focused on the law more than the facts right now
Lebanon election: Reports of low turnout
Meet North Korea’s art dealer to the West
Mom shares photos of Prince Louis, Princess Charlotte
A royal skeptic meets Americans obsessed with Harry and Meghan
Not invited to the royal wedding’ Not to worry. Here’s how to enjoy the big day
Pakistan’s Interior Minister Ahsan Iqbal shot and injured
Favorite Justify wins Kentucky Derby on wettest race day
ASSOCIATED PRESS
Syria’s Kurds put IS on trial with focus on reconciliation
Worry, fear in Iran ahead of Trump’s decision on atomic deal
Buffalo buzzing over Bills draft picks, Sabres lottery win
Asian markets rise, tracking Wall Street gains on job report
Springsteen escorts Van Zandt in to New Jersey Hall of Fame
From Bakersfield to DC, McCarthy’s unlikely rise in GOP
Chelsea Manning: Insurgent bid for US Senate is genuine
AP Explains: Why every vote is not equal in Malaysia polls
Monday hearing could have big implications in Greitens’ case
Annual Muzzle ‘awards’ go to alleged protest squelchers
Expansion Golden Knights top Sharks to make conference final
Guatemala’s crusading prosecutor exits amid praise, threats
Asian markets rise, tracking Wall Street gains on job report
Trial set for Latvian accused of running malware operation
Court asked to toss more cases tied to drug lab scandal
VW board eyes damage claims against former CEO Winterkorn
Avengers: Infinity War’ scores second best weekend 2 ever
Springsteen escorts Van Zandt in to New Jersey Hall of Fame
Stormy Daniels to Baldwin’s Trump: ‘Storm’s a coming, baby
Shatner addresses graduates, talks about change
Star Trek’ actor George Takei to speak at Boston library
BBC
Kilauea: Hawaii volcano destroys dozens of homes
UK parks boost quality of life by 34bn
Could Trump’s ‘Space Force’ become a reality
Phnom Penh Post’s sale to PR director increases media freedom fears
Putin set to be inaugurated for fourth term as president of Russia
Iran nuclear deal: Johnson tells Trump ‘don’t walk away
Lebanon elections: The disabled protester who won the ‘same rights’ as other voters
Why Costa Ricans are being paid to marry Chinese migrants
Tutankhamun ‘secret chamber’ does not exist, researchers find
Marylove Edwards: The 13-year-old ‘Nigerian Serena
Champions League holders Wydad open group campaign with draw at Sundowns
Balogun says fitness is key for Nigeria’s World Cup hopes
I sold all I had to go to Europe – now I’m home, and broke
Can you make a community healthier
Demi Lovato lyrics help woman overcome depression
Bale hits stunning equaliser in bad-tempered Clasico
Wenger sends support to Ferguson after brain surgery
Liverpool: Why Reds risk playing themselves into bad form – Jenas
Konta joins Halep and Wozniacki in Madrid round two
Near miss for volunteer at British cycling race
Jason Day wins Wells Fargo Championship by two shots after final-round 69
BUSINESS HEADLINES:
$2.5bn swap: Nigeria may become dumping ground ‘Uwaleke – The Sun
11 details you might have missed on the latest episode of ‘Westworld – Business Insider
12 companies jostle for railway ticketing contract – Daily Trust
13th Lagos Motor Fair starts today – The Nation
14 reasons Amazon Prime is still worth the cost, despite the $20 hike in annual membership fees – Business Insider
15 apps for your iPhone that are better than the ones Apple made (AAPL) – Business Insider
15-Passenger Vans Can Be Risky, Federal Government Say – Forbes
3 facts about Dormant Bank Account – Financial Watch
5 important things happening in South Africa today – BusinessTech
5 Things To Know About Childish Gambino’s New Video “This Is America” – Forbes
7 Listed Horse Farms For Grooming Future Kentucky Derby Or Olympic Equestrian Champions – Forbes
A 23andMe competitor just launched its own cancer testing initiative ‘ but it differs in a key way – Business Insider
Access Bank backs 500 women SMEs – The Nation
Access Bank holds capacity-building workshop for 500 women SMEs – Financial Watch
Access Bank Supports 500 Women SMEs In PH, Abuja, Lagos – Leadership
Accessing retirement benefits with ease – New Telegraph
Adopt tech to solve financial challenges, accountant-generals urged – Daily Trust
AfCFTA: The long, hard road to one African market – BusinessDay
SPORTS
2018 FIFA WC: Balogun reiterates need for Eagles to stay fit – Vanguard
Aiteo Cup: AIbom FA dismisses allegations – Punch
AJ Styles Retains WWE Title vs Shinsuke Nakamura at WWE Backlash After Count-out – Bleacher Report
Alex Iwobi thrilled with Arsenal’s Wenger send-off – Goal
Alex Iwobi thrilled with Arsenal’s Wenger send-off – Goal
Alexa Bliss Suffers Shoulder Injury at WWE Backlash, to Undergo Further Testing – Bleacher Report
Andre Iguodala on Kevin Durant After Warriors’ Win: ‘He Kinda Reminded Me of MJ – Bleacher Report
Arsenal Present Wenger With ‘The Invincible’ Trophy – Daily Independent
Arsenal Vs Burnley Fc: I will miss you, says Wenger – Vanguard
Asaba 2018 AAC: Stephen Keshi Stadium gets CAA passmark – Vanguard
Asaba 2018: CAA Delegates Inspect Facilities – Daily Independent
At Last, Arsene Wenger Quits Emirate With A Cup – Daily Independent
Bale hits stunning equaliser in bad-tempered Clasico – BBC
Barca, Madrid draw lively Clasico – Daily Trust
Barcelona 2-2 Real Madrid: Bale Strikes Stunning Equaliser as Los Blancos Peg Back 10-Man Bara – FTBpro
Barcelona boss Valverde admits to getting ‘decaffeinated’ Clasico call wrong – Goal
Barcelona boss Valverde admits to getting ‘decaffeinated’ Clasico call wrong – Goal
Barcelona vs Real Madrid : How Messi helped 10-man Barca earn draw – Vanguard
ENTERTAINMENT
#BBNaija: Ahneeka gifted N1m by her fans – Information Nigeria
#BBNaija: Ifu Ennada and CDQ reconcile, pictured together at his birthday party – Information Nigeria
#BBNaija: Ifu-Ennada and rapper, CDQ end their fight as she wishes him a happy birthday. – Information Nigeria
#BBNaija: Ive moved on Collins, Ninas boyfriend – Daily Times
#TheHeadies: Organizers accused of rigging, after allegedly replacing Tiwa Savage with Yemi Alade – Information Nigeria
“Do you know how many di*ks I had to suck bitch so you can eat” – Blac Chyna’s mother, Tokyo Toni puts her on blast and she responds – Linda Ikeji
2019: ‘I am not sure there will be an election, even Nigeria may not live’-Pastor Adeboye reveals – Information Nigeria
2019: ‘I am not sure there will be an election, even Nigeria may not live’-Pastor Adeboye reveals – Information Nigeria
Actor, Kelechi Udegbe stars in new documentary series, Kelechi’s Quest ‘ Watch Episode 1 – Information Nigeria
Actress Uru Eke gets a DM from a man who wants to suck her b**bs – Information Nigeria
Adekunle Gold, Joke Silva, others for Nigerian Creative Arts Exchange – The Nation
Ambulance with no driver’ ‘ Waje calls out Eko hotel (Video) – Information Nigeria
APC Congress: PDP condemns violence in wards – Pulse
Arrested traffic thief says, ‘I have stolen only 1,200 mobile phones in Lagos – Linda Ikeji
Avengers’ muscles rivals aside to continue box office dominance – Vanguard
Avengers: Infinity War’ scores second best weekend 2 ever – Associated Press
BBN: There’s A Lot Of Pressure On ‘Tolex’ But We’re Just Friends ‘ Tobi – Channels TV
BBNaija 2018: Why a relationship with Alex will not work ‘ Tobi [VIDEO] – DailyPost
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.
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Afrocentric colonialism: The new face of African oppression
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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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$800m oil fraud: resign as Petroleum Minister – Frank tells Buhari, asks for probe
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BREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
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Business4 years agoFUEL: PPPRA removes new petrol price post as NNPC insists no hike
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Business7 years agoSuspected Fulani militia kill two in fresh Taraba attacks
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Biafra5 years agoVIDEO: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pastor Maxwell Nnawuihe
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News6 years agoA fatal accident along Benin/Auchi express way has claimed the lives of an entire family while traveling for Christmas.