Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 11 MAY 2018
Tracking Times – headlines
LOCAL HEADLINES:
DAILY POST
2019: Obasanjo slams APC, PDP as CNM collapses into ADC
Ekiti guber primary: APC disqualifies Tinubu’s son-in-law
APC speaks on Obasanjo’s CNM, ADC alliance
Keyamo reveals what to expect in 2019 election
Senate appeals court ruling nullifying Senator Omo-Agege’s suspension
Kaduna governor, El-Rufai needs psychiatric test – Sani writes Hospital
Obasanjo reacts as coalition collapses into ADC
Senate suspension: Omo-Agege speaks on court victory
Court nullifies suspension of Senator Omo-Agege
Ojudu withdraws from Ekiti governorship race
SOKAPU calls for El-Rufai’s arrest, prosecution over alleged hate speech
2019: Obasanjo’s coalition collapses into new party, ADC
Nigerian diplomat found dead in Sudan home
Oshiomhole declares to contest for National Chairman of APC
Dino Melaye: Court fixes new date for senator’s bail application
You are only afraid of your shadows – Senate replies IGP Idris
Ekiti guber: Adeyeye dumps PDP
Former IGP Ehindero arraigned for alleged fraud
VANGUARD
Buhari, APC taking Nigerians for fools, says Obasanjo as CNM melds with ADC
SEPS bemoans dearth of selfless leaders in S’East
Hoodlums attack Lagos officials, pressmen during two-storey building demolition
Osinbajo wades into Imo APC crisis
FG seeks land to complete 1000 housing units in Kwara
FAAC: South-South states received N206bn allocation in 3 months ‘NEITI
ERGP: FG commits N300B to road projects’Fashola
Ijaw youths threaten to cripple oil operations over Malabu investigation
Ambode seeks World Bank’s assistance in transport, energy, water sectors
IBEDC decries spate of attacks on staff, secures judgement on assault case, vandals
6,462 benefit from N5.22bn Lagos ETF in one year
Deaths in detention: NPF, NPS tasked on reports
Aftermath of congresses: Imo CP Ezike out, Galadachi in
FG implores state govts to respect terms of reference on federal roads
PEOPLES DAILY
Nigerian diplomat ‘assassinated’ in Sudan
Fake result : Court admits 7 fresh evidence against Plateau lawmaker
Herders, farmers strike peace deal in Enugu
Buhari never condemned foreign medical trips
IGP unfit for public office, enemy of democracy -Senate
Atiku mourns Isyaku Rabiu
Don’t reject corps members, El-Rufai urges employers
Reps give police 21 days ultimatum to unseal Peace Corps Office
Codeine: Ban is right
Senate Invasion: Sergeant-at-Arm indicts Senator Ndume
PREMIUM TIMES
El-Rufai endorses political adviser, Uba Sani for Senate
Impeachment Call: Senate silent as committee fails to meet deadline
ANALYSIS: What we know about Obasanjo’s new political party, ADC
Senate ‘appeals’ court ruling nullifying Omo-Agege’s suspension
Nigeria identifies diplomat assassinated in Sudan
Tax: We’ve built social partnership with Nigerians ‘ Adeosun
N4.7 billion fraud: Witness says ex-Governor Ladoja bought cars from Oyo shares’ sale proceeds
Ota gets new traditional ruler
Ekiti 2018: Adeyeye dumps PDP, set to join new party
Lagos distributes N5.22 billion to 6,462 residents
Bode George loses son
Buhari’s adviser withdraws from Ekiti APC governorship primary
THE SUN
My secret wish ‘Ramsey Nouah, actor
I’m ‘demon’ of God -Flexer GH -Drops I Go Rule
Tontoh Dike advises couples on sex
Ibadan agog as 16 finalists battle for Goldberg’s Ariya Repete’s N5m
44 killed as dam bursts in Kenya
Nigerian woman drags US customs to court over money seizure
Syria: World powers call for restraint after Israeli’s deadly raids on Iran’s targets
Nigerian woman drags US customs to court over money seizure
Union Bank grows profit to N5.4bn in Q1
Don’t collect dirty notes from banks, CBN urges customers
Wema Bank raises earnings by 20%
Ebola outbreak: FAAN steps up surveillance across international airports
Stop herdsmen’s killings, Awujale tells FG
Why I fell out with Amaechi ‘Abe
GUARDIAN
Telecom operators seek regulation of OTT services
Why we stopped Flavour from performing in Ebonyi
FG activates response on Ebola outbreak nationwide
Real Madrid will have easy win over Liverpool, says Gento
IYC cautions against Etete, others’ prosecution over Malabu oil deal
Court dismisses suit to stop Oyo council poll
Transparency and Dalung’s 3 billion World Cup fund
Investors’ wealth dips by N94b in four trading days
Chief judge fixes May 16 for ruling on Melaye’s bail application
WORLD HEADLINES:
CNN
Starbucks’ chairman: Our bathrooms are open to anyone who needs them
J.K. Rowling disses Trump’s giant signature
Trump rebrands himself as a global man of action
7 bodies found at rural property in Australia
Harvey Weinstein’s attorney says client is ‘lonely and angry
Can the man who defeated ISIS keep his job
Analysis: Why Trump stood with freed prisoners and talked about TV ratings
AT&T confirms it paid Michael Cohen for consulting on Time Warner deal
An emotional call to eradicate HIV’s deadly cousin
Ebola outbreak: First death, 11 new cases
Mike Pence tells Mueller ‘it’s time to wrap it up
Giuliani’s former law firm rejects his defense of Stormy Daniels payment
Lava swallowed his car. He’s more upset about his R2-D2 mailbox.
68% of flight attendants have been sexually harassed
US apologized after Canadian minister asked to remove turban
CNN’s Zero Plastic Lunch Day
The week in 21 photos
Iraq’s PM is considered a hero for routing ISIS, but he still has to woo voters as they head to polls
SpaceX calls off new rocket launch at the last minute
Eurovision song contest could make you happier, study suggests
Israel claims military supremacy after pounding Iranian targets
ASSOCIATED PRESS
US abortion clinics face surge of trespassing and blockades
Military seeks to limit Congress on fixing child sex assault
Putin’s image: An inextricable part of Russian life
Report: Millions of tweets spread anti-Semitic messages
Chelsea Manning: Insurgent bid for US Senate is genuine
Putin takes oath of office for 4th term as Russian president
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
AFP
Monster ocean wave sets southern hemisphere record: scientists
Malaysia king agrees to pardon Anwar after opposition election win
Hollywood glitters as ‘Star Wars’ stages ‘Solo’ premiere
Age cannot wither Brazilian seniors in beauty contest
Japan’s Olympic golf venue admits first female members
Calls for restraint after Israeli raids on ‘Iranians’ in Syria
Nearly wiped out by quake, China’s Qiang minority lives on
The challenge of space gardening: One giant ‘leaf’ for mankind
NASA program to track greenhouse gas is canceled
Johnson off to strong start at Players, where six share lead
News Corp reports loss on writedowns, weakness in newspapers
‘I was so naive’: Weinstein wife lifts lid on scandal
Apple, Goldman Sachs collaborating on credit card: report
Spotify to stop promoting R. Kelly songs over sex abuse claims
Nadal breaks McEnroe record in Madrid but Del Potro, Sharapova, Halep beaten
Hero Southwest pilot: I switched flights with husband that day
Historic Trump-Kim summit set for June 12 in Singapore
Israel-Iran flare-up raises spectre of major confrontation
US sanctions hit Iran Revolutionary Guard currency network
Malaysia’s Mahathir sworn in as world’s oldest leader after shock poll win
Deadly falls rise 31 percent in 10 yrs among US seniors
Rooney agrees ‘deal in principle’ to move to MLS: reports
Pakistan’s Imam-ul-Haq set for Test debut against Ireland
Detained Russian director gets standing ovation at Cannes
England recall Cipriani for South Africa tour
Trump welcomes Americans freed by North Korea back to the US
England recall Cipriani for South Africa tour
‘Now the hard part’: Malaysia awakens to new political dawn
Jets pummel Predators in game seven to reach NHL West finals
Japan’s Olympic golf venue admits first female members
Johnson off to strong start at Players, where six share lead
Nadal breaks McEnroe record in Madrid but Del Potro, Sharapova, Halep beaten
Olympic hockey champ warns of mental pressures for elite athletes
Clock ticking on Hamburg’s Bundesliga future
Rooney agrees ‘deal in principle’ to move to MLS: reports
Lacklustre Man Utd seal second with stalemate at West Ham
Nadal breaks McEnroe record with 50th consecutive set win
Akhisarspor stun Fenerbahce to win Turkish Cup
Yates in pink as Chaves wins sixth stage, Froome eighth
Miami gives backing to Formula One Grand Prix
Champions League future trumps Europa frenzy for Marseille at Guingamp
BBC
Malaysia’s jailed Anwar ‘to get pardon
Eurovision 2018: Second semi-final sees Russia eliminated
Origins of amphibian-killing fungus uncovered
Arsene, you made me cry twice’ – presenter & Arsenal fan O’Leary says farewell to Wenger
US pressures Iran with new sanctions over ‘malign activity
Eurovision 2018: Chinese channel barred from airing contest
Seven people found dead in Western Australia, police say
Ex-UK PM launches global schools fund
Red tide: Electric blue waves wash California shore
Putting the brakes on China’s bike mountain
The feminist squat in Brazil run by women
The North Korean YouTuber pushing for peace
Iraq elections: Could Iran be the real winner
Why did Walmart buy India’s Flipkart
Noura Hussein: Sentenced to death in Sudan for killing ‘rapist husband
UK apology over Libyan’s ‘appalling treatment
Could Sierra Leone’s landslide in Freetown have been prevented
Zamalek deal for Christian Gross to be new coach collapses
Yaya Toure: It’s goodbye to Man City, but not to football
Iheanacho and Mahrez outshine Aubameyang
Africa’s week in pictures: 4 May – 10 May 2018
AL JAZEERA
Malaysia: Mahathir sworn in after stunning election win
Outrage after deadly South Africa mosque attack
Trump: Singapore to host summit with Kim Jong-un
Ireland weighs repealing abortion ban
Will fatwa by scholars force Taliban to join talks?
Mahathir: An unlikely comeback for Malaysia’s ex-leader
Kenya dam collapse leaves more than 30 dead
Trump welcomes detainees released by North Korea
UK apologises to Libyan dissident over rendition
US senators force vote for open internet rules
BUSINESS HEADLINES:
19m Nigerians now pay taxes ‘ Osinbajo – BusinessDay
2018 Livestock Tech Landscape: Unlocking Opportunities On The Dairy And Beyond – Forbes
2018 Trek Super Commuter+ 8S Test Ride And Review: Electric Bicycle Dreams – Forbes
2018 Trek Super Commuter+ 8S Test Ride And Review: Electric Bicycle Dreams – Forbes
3 Levels To Watch: Crude Oil Above $70, 3% 10-Year Yield And 2,700 In The S&P 500 – Forbes
3 VA employees were just indicted over charges they accepted bribes from the ‘Trump of Georgia’s’ pharmaceutical firm – Business Insider
4 Practical Tips To Help You Get Started With Sustainable Investing – Forbes
5 Dividend Growth Stocks With Upside To Analyst Targets – Forbes
5 Great Bicycle Upgrades For Your Best Season Of Riding – Forbes
5 Upcoming Dividend ‘Surprises’ That Will Triple Your Money – Forbes
6 Capabilities Of The Most Productive People – Forbes
7 Fabulous And Affordable Places In Italy You Need To Check Out Now – Forbes
7 Overnight Gifts That Will Still Arrive In Time For Mother’s Day – Forbes
7 Overnight Gifts That Will Still Arrive In Time For Mother’s Day – Forbes
A Customer Service Training Example From Four Seasons Hotels: Working With An Upset Customer – Forbes
A Customer Service Training Example From Four Seasons Hotels: Working With An Upset Customer – Forbes
A Guide To Unexpected Mother’s Day Wine Gifts For Every Mom – Forbes
A jobs guarantee is a flawed idea – The Economist
SPORTS
10 teams for Nasarawa FA Cup – Punch
Adam Eaton Reportedly Underwent Surgery to Repair Ankle Injury – Bleacher Report
Adepoju: Eagles can defeat South Americans – New Telegraph
Adrian Peterson: Neck Is Healthy, Open to Return with Saints, Other NFL Teams – Bleacher Report
Aina Grateful To Hull For Successful Loan Spell From Chelsea – Complete Sports
Akhisarspor stun Fenerbahce to win Turkish Cup – Punch
Alonso feeling the strain as he laments 'predictable' Formula One season – Yahoo
Arsenal cut list of candidates to succeed Arsene Wenger – Daily Trust
Arsenal fans slate Iwobi – Vanguard
Atletico Madrid to play CHAN Eagles in Uyo – Vanguard
Ben Simmons Plans to Make Minor Changes to Jump Shot in Offseason – Bleacher Report
Blake Bortles, 2 Jaguars Teammates Stopped Thief from Stealing QB’s Truck – Bleacher Report
Blatter opposed to joint World Cup bids – Daily Trust
CAHB bars Nigerian women from Congo 2018 – Punch
Challenge Cup holders Hull FC reach quarters with nine men – BBC
Chelsea charged over players crowding referee – Yahoo
Coach Usman Abdallah ‘disappointed’ with Enyimba slip up against FC Ifeanyi Ubah – Goal
Commonwealth Champions for US invitational Wrestling event – Blueprint
Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija: I Owe Tobi No Apology ‘ Cee-C Explodes (Video) – Information Nigeria
#BBNaija: Photos of Tobi Bakre as He ‘Returns’ To Former Working Place – Gistlover
“We were booloving on his wedding day!”- Lady finds out her boyfriend of one year is married and calls him out on Twitter – Linda Ikeji
18-year-old Nigerian girl emerges Best Graduating Student in Miles College, USA – Linda Ikeji
26 Unusual Vehicle Wheels And Tyres Spotted On Roads (Photos) – Information Nigeria
4 Places You’re Guaranteed To Find A Sugar Daddy – NET
56 Year-Old Man Lands In Serious Trouble After Stealing A Pot Of Soup In Ota – Information Nigeria
A year after their wedding, Snapchat CEO Evan Spiegel and supermodel Miranda Kerr welcome their first baby, Hart. Here’s a look inside their whirlwind romance. (SNAP) – Business Insider
Actress Dayo Amusa replies follower who slammed her for exposing her – Information Nigeria
Adams Oshiomhole: Ex Edo Gov. declares to contest APC chair, pledges digital leadership – Pulse
Adesua Etomi steps out in shorts, asks followers to help her choose footwear (Photos) – Information Nigeria
Alex is my favourite village girl ‘ BBNaija’s Tobi – New Telegraph
Almajiris will soon overrun Lagos if no action is taken – Ynaija
Another Juju Sacrifice At Ekiti APC Secretariat (Photos) – Information Nigeria
APC Chairmanship Tussle: Saraki, Dogara And Okorocha Back Oshiomhole – Information Nigeria
APC Crisis: Former Osun State Governor Dumps APC – Information Nigeria
Arsenal and England star, Jack Wilshere and wife Adriani welcome their first child, a baby girl Siena – Linda Ikeji
Banks are sabotaging our efforts on new notes ‘ CBN – 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.
Tinubu Refused To Honour Our Agreement To Release Nnamdi Kanu After Election– Kanu’s Brother
US ELECTION: Trump Escapes Three Assassination Attempts, What Next As Date Draws Near?
Sean Diddy Combs In The Eyes Of The Storm
$800m oil fraud: resign as Petroleum Minister – Frank tells Buhari, asks for probe
PROPHECY: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pst. Maxwell Nnawuihe (Text & Video)
BREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
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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 agoPROPHECY: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pst. Maxwell Nnawuihe (Text & Video)
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Biafra5 years agoBREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
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Business8 years agoNEWS PAPER HEADLINES FOR TODAY THURSDAY 28 SEPT 2017
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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.