Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-to-buffer domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/icreasnw/web/trackingtimes.co/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the zox-news domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/icreasnw/web/trackingtimes.co/public_html/wp-includes/functions.php on line 6121
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 18 MAY 2018 – Tracking Times
Connect with us

Business

LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 18 MAY 2018

Published

on

Tracking Times – headlines


LOCAL HEADLINES:

DAILY POST

Restructuring summit: Why IPOB shouldn’t be ignored – Ohanaeze Youths

IPOB reveals what will make it accept restructuring of Nigeria

Why Igbo politicians are against Biafra – Zionists

APC leaders want Okorocha expelled from party

Ekiti governorship election that produce Fayose full of ‘hanky-panky’ – Buhari

What opposition needs to defeat Buhari – Olusegun Adeniyi

APC stakeholders move against Okorocha

2019: Atiku, Saraki, Dankwambo eye SDP ticket

Herdsmen strike in Benue, kill three few hours after Osinbajo’s depature

What Buratai said after close-door meeting with Buhari

JOHESU relaxes strike in Lagos, Kano, Yobe

Nigerian govt speaks on herdsmen, farmers crisis being religious

Neurologist reveals why IG of police, Idris struggled to read own speech

Herdsmen attacks: Miyetti Allah reveals those allegedly responsible for killings of farmers

Soldiers storm Port Harcourt police station, arrest DPO over murder of colleague

Presidency reacts to video of IGP Idris struggling to read speech in Kano

Warn your husband about Magu so Buhari won’t suffer Abacha’s fate – Omokri tells Aisha

Real reason IGP Idris shunned senate – Jonathan’s aide, Omokri

 

VANGUARD

Why IPOB’s sit-at-home order will fail ‘Udegbunam

Army can’t stop us from hoisting Biafra flag on May 22—BIM

3 slaughtered by herdsmen, 10 killed by bandits in fresh Kaduna, Benue attacks

My re-election not worth spilling of blood ‘ Ortom

Ohanaeze youths warn IPOB against disrupting Igbo summit

NUPENG expresses concerns over non-passage of remaining parts of PIB

OYO APC: Unity Forum write Buhari over threat to lives

Don’t link me or Saraki with suspected cultists ‘ Gov Ahmed

Cross-border crimes pose problems to ECOWAS ‘ Buhari

Imo people are set to take back their state from Okorocha ‘ Chris Anyanwu

 

SAHARA REPORTERS

Herdsmen Kill Five In Benue

NNPC Proposes Term Reduction On Oil Licenses

Soldiers Sack Police Station, Arrest DPO Over Murder Of Colleague

Dont Link Me Or Saraki With Suspected Cultists- Kwara Governor

Fayose Alleges APC FG Plans To Rig July Gov. Polls

Change And Leadership In Nigeria By Obinna Chukwuemeka

A Time To Die By Azu Ishiekwene

 

NEW TELEGRAPH

Enough of child, maternal deaths

Benue: Five farmers murdered after Osinbajo’s visit

Businessman: How pastor conned me of $38,000

State Congresses: Tension in APC

Oil hits $80 as Shell halts 150,000 barrels’ production

NEC: NNPC, Customs, NPA must refund N8trn unremitted revenues

Don’t link me, Saraki with cultists, gov cries out

Scientists discover stem cell injection for erectile dysfunction

Mother’s day: A day not for the hurt

Strike: Court orders health workers to resume within 24 hours

Court refuses to unfreeze Shagaya’s N1.9bn bank account

 

THISDAY

Govs Seek to Take Over Fuel Subsidy Payments

NNPC, Nigeria’s Oil Behemoth Records N547bn Losses in Three Years

Bandits Kill 10 in Birnin Gwari

Fitch Affirms Nigeria’s ‘B+’ Rating, Negative Outlook

Why I’m Passionate about Human Psychology

I’ll Create 7 Million Jobs for Nigerian Youths, Says Johnson Edosomwan

Cleric Tasks Govt on Need for Moral Instruction in Schools

First Excel Convention Holds in Nigeria May 24

QuickHelp, Device for Swift Service Delivery Berths

Entrepreneurs Should Think Positively to be Successful

 

PUNCH

Ramadan: Saraki, Ekweremadu, Akeredolu urge Muslims to pray for Nigeria

Ex-PDP chair, Sherrif, avoids journalists after meeting Buhari

Ekiti last gov poll characterised by hanky-panky Buhari

Court orders NDDC ex-ED, Omatsuli, to forfeit N846.03m properties

Oyo APC faction writes Buhari, military over threat to lives

Opposition yet to prove it can win Buhari Segun Adeniyi

LG congresses: Again, protesters storm APC secretariat

FG orders NAFDAC to return to ports

Two feared dead as violence mars C River APC LG congresses

NDLEA impounds four tonnes of imported Tramadol at Lagos airport

Killings: We dont have enough soldiers to guard every MBelt village, says FG

NNPC, NPA, FIRS, others failed to remit N526bn, $21bn NEC

Alleged frame-up: Court adjourns Melayes trial indefinitely

 

THE HERALD

Serena Williams Reveals How Dad Sent Text That He Won’t Attend Her Wedding

VIDEO: England’s World Cup Reveal Is the Best In the World So Far

Extortion: Nigerian Lady Puts SARS Officer In Trouble With Bank Transfer

Ekiti Guber: Fayemi’s Ex-Opponent Joins Him In Bid To Defeat PDP

Smart Lagos Lady Puts Corrupt SARS Officer In Trouble After Paying Bribe Electronically

SURPRISE: See How AS Roma Of Italy Announced Super Eagles World Cup Squad List

States seek to take over payment of petroleum subsidy ‘ Governors Forum

(Full List): France Overlooks Big Names In 23-Man World Cup Squad

Court orders JOHESU to end strike, resume work within 24 hours

Marriages Held In Ikoyi Registry No Longer Legally Binding

Preparations for the Africities 2018 Summit Officially Launched

WORLD HEADLINES:

CNN

He’s treated thousands. The surgeon who keeps returning to Gaza

The rugby captain raised in a one-room home

How an 8-year-old girl’s rape revealed the problems facing modern India

US President Trump reassures Kim, then warns that North Korea could be ‘decimated

At the height of his power, China’s Xi Jinping moves to embrace Marxism

China proposes buying $200B of American goods

Malaysian police seize 72 bags of cash, jewels in Najib Razak raids

Messages in bottles sent across the sea to North Korea

Trump’s delay in reporting Cohen payment raises red flags

Starbucks faces more racism allegations

Mueller’s got plenty of options on Trump

Trump Jr called blocked number before and after Trump Tower meeting. Who was it

Why is Melania Trump still in the hospital

Controversial nominee Haspel confirmed as first female CIA director

Couple finds safe full of cash, gold and jewelry buried in yard

Earth’s warming trend hits 400 straight months

Bangkok’s Death Cafe: Come for coffee and a coffin

The week in 27 photos

Ozone-destroying emissions are on the rise. Scientists don’t know why

Congressman suggests rocks could be causing sea levels to rise

China’s SpaceX’ launches the country’s first private rocket

 

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

 

AL JAZEERA

Bags of cash, jewellery seized from Najib’s properties

Hawaii: Explosive eruption on Mount Kilauea

DRC: Ebola spreads to big city, raising epidemic fears

Pakistan kills wanted senior rebel commander

Tens of thousands flee west Yemen as fighting rages

Vote-count as Burundi’s leader seeks to extend rule

US Senate confirms Haspel as CIA’s first female chief

Turkey to detain 101 air force personnel over coup

Top US, S Korea envoys in emergency call over N Korea

Saudi Arabia, UAE ‘inclined towards dividing Yemen’

BBC

China drops sanctions probe into US sorghum imports

Gina Haspel confirmed as CIA’s first female director

Malaysia police seize cash and luxury goods in Najib-linked raids

Colorado city unanimously votes to ban assault-style rifles

Australia tracks missing Games athletes

Iran nuclear deal: EU looks to avoid impact of US sanctions

PayPal acquires Swedish payments firm iZettle

How easy is it to get an illegal EU passport

Truck bursts into flames on motorway

Rural v urban: Ireland’s abortion divide

Hawaii volcano sends 30,000ft plume into the air

Rafiki director Wanuri Kahiu on Cannes success and Kenya ban

Viewpoint: Why racism in US is worse than in Europe

Turning carbon dioxide into rock – forever

The India village ‘on the verge of extinction

DR Congo Ebola outbreak: WHO in emergency talks as cases spread

Lionel Messi fever hits South Africa as Barcelona beat Mamelodi

The innocent kids growing up behind bars

Survivor of the Rwandan Genocide makes plea for peace.

How to stop Ebola spreading

World Cup 2018: Pape Souare left out of Senegal squad

BUSINESS HEADLINES:

10 Things We Learned From Trump’s Financial Disclosure Report – Forbes

12 Things You Need To Know About North Texas Real Estate – Forbes

14 Predictions for the future of media – Business Insider

2018 Budget: Experts Want Change In Disbursement Approach – Leadership

22 .5 MVA Capacitor bank to improve power supply in Keffi , environs – Peoples Daily

22 fast-paced thrillers you’ll want to bring to the beach this summer – Business Insider

3 Components of the Perfect Elevator Pitch – Entrepreneur

3 Hilton credit cards are offering increased welcome bonuses of up to 125,000 points ‘ but they’re only available for a limited time – Business Insider

3 Life Stories That Prove Precious Metals Are the Best Store Of Value – Forbes

3 reasons the gold rout may be over – Business Insider

3 Technology Trends Driving Adoption Of Collaboration Tools – Forbes

3 Ways You Can Connect With Gen Z Through Their Teachers – Entrepreneur

5 important things happening in South Africa today – BusinessTech

5 Of The Best Point-And-Shoot Cameras Based On Passionate Reviewers – Forbes

5 Things To Never Bring To Your First Job – Forbes

5 Ways To Refresh Your Mid-Career LinkedIn Profile – Forbes

5,400 widows to benefit from $500,000 SME grant – Punch

SPORTS

Adam Jones Buys Cal Ripken Jr.’s Maryland Estate for $12.5 Million – Bleacher Report

Aguero reveals Guardiola struggles and five-year knee woe – Goal

Aguero reveals Guardiola struggles and five-year knee woe – Goal

Aguero says he feels ‘like new’ ahead of World Cup – Vanguard

Angela Osaigbovo wins 3rd Rabiu Adeola U-12 Scrabble Championships – The Authority

Arsene Wenger: Arsenal yet to contact Manchester City coach – Daily Trust

Arteta has all the qualities’ required to become Arsenal manager ‘ Wenger – Vanguard

AT&T Byron Nelson 2018: Marc Leishman Leads, Shoots 1 Short of Course Record – Bleacher Report

Bamaiyi To Quit Golf For Air Force – Daily Independent

Basketball player dies in Lagos – Punch

Bayern Munich vs. Eintracht Frankfurt: 2018 DFB-Pokal Final Live Stream, TV Info – Bleacher Report

Bayern shouldnt call on me again Heynckes – Punch

Bolasie Out As DR Congo Name 28 Players For Super Eagles Friendly – Complete Sports

Buccaneers OC Todd Monken to Jameis Winston: ‘You Don’t Have to Try so Hard – Bleacher Report

Buffon confirms Juve exit – Punch

Chelsea vs. Manchester United: 2018 FA Cup Final Live Stream, TV Info – Bleacher Report

Concentrate On World Cup Preparation, Dalung Charges NFF – Leadership

Countdown (27) FIFA WC: Team spirit will help us against Croatia, Iceland, Argentina ‘ Rohr – Vanguard

Tracking Times – Entertainment

ENTERTAINMENT

BBNaija Winner, Miracle Ikechukwu Meets With Paul Okoye [Photos] – Gistlover

#BBNaija’s Cee-C becomes Brand Ambassador for House of Lunettes – Information Nigeria

#BBNaija’s Cee-C becomes Brand Ambassador for House of Lunettes – Bellanaija

#BBNaija3: Miracle hangs out with Psquare Paul Okoye and his family at their home (PHOTOS) – Information Nigeria

#BBNaija: Alex gets lovely homecoming party in Enugu [Photos +videos] – Gistlover

#BBNaija: Tobi Bags a ‘Chieftaincy’ Title In Enugu [Photos And Video] – Gistlover

#Cannes2018: Teyana Taylor, Chris Tucker, Tyga, Jason Derulo, Winnie Harlow spotted at Annual amfAR Cannes Gala – Bellanaija

10 Things To Avoid When Seeing Your Period – NET

13 reasons you’ll be spending your summer at the movies – CNN

2023 Presidency: APC Dangles Carrot At Ekweremadu – Information Nigeria

30 days of Ramadan: Day 1: Reflect and reconnect with Allah – Pulse

300L female student crushed to death by truck after falling off Okada on the way to school in Ogun State – Linda Ikeji

Abike Dabiri-Erewa says Video of IG Ibrahim Idris reading was Doctored – Bellanaija

About John Travolta dancing with 50 Cent at Cannes… – CNN

Abstract Art by Adesosa – Vanguard

Abuja Court adjourns Dino Melaye’s alleged false assassination case Indefinitely – Bellanaija

Actress Aisha Abimbola popularly known as Omoge Campus is dead – Nigerian Pilot

Actress Toyin Abraham To Chioma and Davido’s ‘You are still kids – Nigerian Pilot

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.

Published

on

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.

Continue Reading

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.

Published

on

Bill Gates, GMOs, KASHIM Shettima

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

BREAKING: Justice Binta Nyako Steps Down From Nnamdi Kanu’s Trial, As He Fearlessly Scolds Her For Disobeying Supreme Court’s Judgment

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.

Continue Reading

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.

Published

on

Babs Olugbemi

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

BREAKING: Justice Binta Nyako Steps Down From Nnamdi Kanu’s Trial, As He Fearlessly Scolds Her For Disobeying Supreme Court’s Judgment

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.

Continue Reading

Trending

Copyright © 2024 Tracking Times News. Designed and Powered by ICREATIONS ENT