Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WED. 9 MAY 2018
Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Real reason Buhari is travelling to London – MASSOB
Fayemi walks out of meeting with Tinubu, snubs reporters
Chelsea vs Huddersfield: Team news, injuries, possible lineups
Killings: Okupe makes shocking revelations, links herdsmen to ISIS
How Prophet Iginla predicted Buhari’s impromptu medical trip to UK
Nigeria police recruitment 2018: Force reveals those excluded from exercise
Rann attack: Abducted nurse, midwives write Buhari
Fayose’s deputy, Olusola emerges PDP Ekiti guber candidate
Buhari ruling Nigeria in military style – Secondus fires back at presidency
APC announces new date for Ekiti governorship primary
Ekiti PDP primaries: Senator Olujimi steps down for Adeyeye, gives reasons
Senate mace: Saraki says report on thugs invasion ready, reveals what happens next
We can’t guarantee Buhari’s return, only God can – Presidency
Senate orders investigation into bomb blast at Nwodo’s house
DAILY TIMES
It Is Only Buhari That Can Tell Nigerians What Hes Suffering From Femi Adesina
Adamawa APC Ward Congresses free and fair, Committee maintains
Civil Defene tortures suspect to death in Kogi
Diamond estate murder: Action premeditated, as suspect also tried to abscond Police
Controversy trails Ekiti APC governorship primary as Fayemi becomes the major factor
Dont allow cabal destroy your govt, Bakare tells Buhari
BEN TV founder, Soyode declares for Nigerian presidency
Senator Abes supporters set to challenge outcome of Congresses
A Court stops Okonkwo bid for Anambra Central Senatorial seat, dismisses appeal
Pack and go home, Adeniran tells Buhari
Ekiti: Fayoses deputy, Eleka, emerges PDP guber candidate
Saraki visits EFCC Hqrts, says I am here to support building of institutions
Global panic as DR Congo confirms 2 new Ebola cases
Global panic as DR Congo confirms 2 new Ebola cases
NEW TELEGRAPH
The import of Presidential directives
IMF: Nigeria must widen tax revenue base
Sultan to Muslims: Get your PVCs, vote competent leaders
Court orders interim forfeiture of Jonathan’s N9.2bn, $8.4m
Ill-health: Buhari unfit to remain in office ‘PDP
Okowa approves 61 projects for health control
A’Ibom Assembly passes signage, advertisement control agency bill
Dangote emerges only Nigerian on 2018 Forbes World Most Powerful People
Reps move to strengthen anti-terrorism act
World Bank officials meet Osinbajo, govs, Adeosun over projects
LEADERSHIP
Aggrieved Katsina APC Stakeholders Condemn Conduct Of Ward Congress
Ojudu Campaign Group Condemns Invasion Of Ekiti APC Secretariat
Affordable Housing Not Achievable Without Subsidy
Senate Summons MTN, 9Mobile, Others Over Unsolicited Adverts To Subscribers
AfDB Seeks Investments For Africa’s $170bn Infrastructure Gap
Imo 2019: Can Okorocha’s In-law Succeed Him
International Community Urged To Safeguard Nigeria’s Democracy
Insecurity: No Posting Of Corps Members To Crisis Areas ‘ NYSC
Stop Issuing Licence To Illiterate Drivers, Senate Tells FRSC
NTCA Hails Adeosun On New Excise Duty On Tobacco
Senate Summons Security Chiefs Over Proliferation Of Fire Arms
THE AUTHORITY
PTAD adds 717 pensioners to payroll
Bill to repeal terrorism act passes second reading
PDP demands Jang’s release from EFCC custody
2019: Nasarawa Assembly endorses Agara
Ekiti guber: APC orders fresh primary
Senate summons security chiefs over arms proliferation
AFCON Appointment: Ubah thanks CAF President, Pinnick
Why Buhari travelled to London, by MASSOB
Minister proposes extra year for varsity students
Imo APC Congress: Police Commissioner sacked over Okorocha’s loss
Eleka wins Ekiti PDP governorship primaries
Ganduje mourns leader of Tijaniyya sect
Delta to build isolation ward for Lassa fever patients
THISDAY
Saraki Warns IOCs Not to Induce Lawmakers over PIB
Adesina: Only Buhari Can Talk about His Health
Kano Billionaire, Sheikh Isyaku Rabiu is Dead
Ekiti Deputy Gov, Olusola, Emerges PDP Gubernatorial Candidate
Finally, IG to Appear Before Senate Wednesday over Rising Insecurity, Melaye
$125m Loan Default Threatens Smile Communications’ Operations
FG Seeks $46bn Russian Exim Bank Funding for Railway Projects
Saraki: Report on Senate Invasion Ready
NNPC Denies Bankrolling Fuel Subsidy Regime
FG Considers Extra Year of Study for University Graduates
PUNCH
UN condemns Kaduna killings, demands justice for victims
Rights group wants Malabu oilfield licence revoked
Lagos approves N11.8bn compensation for property owners
Man, son rape 9-year-old girl in Katsina
Extradition: Kashamu seeks SCourts intervention
I killed my daughter because she irritates me, says 15-year-old housewife
APC holds fresh Ekiti primary Friday, Tinubu, Akande, Osoba meet aspirants
Fayoses deputy, Olusola, wins PDP gov primary
Buhari leaves for UK, PDP says hes unfit to rule
Corpers wont be posted to trouble spots NYSC DG
Chrisland varsity pioneer registrar dies
EFCC gets fresh order to seize Patience Jonathans $8.4m, N7.3bn
WORLD HEADLINES:
CNN
China and Japan draw closer as Asia’s diplomatic order shifts
Meek Mill’s fight is not finished
Mormon church to end 105-year relationship with the Boy Scouts
Star bids farewell to TV’s ‘NCIS
Everything scrapping the Iran nuclear deal says about Donald Trump
China is the big wild card in Trump’s Iran decision
Iran deal: Who loses as US sanctions return
World’s biggest carmaker may face new emissions scandal
Google announces a bunch of new features
Elon Musk spends $10 million of his own money on Tesla shares
Trump dumps ‘rotten’ Iran deal
Economic fallout: This is who stands to lose big
China is the big wild card in Trump’s Iran decision
US secretary of state set for Pyongyang meetings
US company linked to Russian oligarch paid $500K to Trump’s personal attorney
AT&T paid Cohen company for Trump ‘insight
Nude Picasso sells for $115M in Rockefeller auction
Former CIA officer is charged with espionage for China
Melanoma remains Australia’s ‘national cancer
US concerned Iran may attack Israel
Why this year’s Victory Day parade matters
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
Netanyahu heads for Putin talks after Trump pullout from Iran deal
Iran pullout a blow to N. Korea hopes: analysts
Racing chief hails Australian doping scandal verdicts
China’s Alibaba buys Pakistan e-commerce firm Daraz
Helicopter taxi apps offer escape from traffic-choked megacities
Malaysia’s scandal-hit PM faces ex-mentor, 92, in election
China quake survivors relive trauma for tourists in city ruins
Trump withdraws from Iran deal, defying allies
Inside the Stormy striptease aggravating Trump
Pompeo in Pyongyang as diplomatic dance speeds up
New York auction sets new Monet, Matisse records
Google pitches artificial intelligence to help unplug
Australia keen on Iniesta as a marquee star
Facebook makes major management overhaul
Utah becomes first US state to allow ‘free-range parenting’
CIA nominee Haspel faces grilling over torture record
CIA nominee Haspel to vow not to restart torture program
Minnows Les Herbiers run PSG close in French Cup final
AL JAZEERA
Trump declares US withdrawal from Iran nuclear deal
Iran nuclear deal: Donald Trump’s speech in full
DRC: 17 dead as Ebola virus outbreak declared
Syria: Rebels evacuate last opposition-held enclave
Hungary: Parliament returns amid anti-Orban protests
Shipwreck survivors launch case against Italy
Kim Jong-un met Xi in China before Trump summit
Israeli soldier filmed killing Palestinian released from prison
Pashinyan elected as Armenia’s new prime minister
Hezbollah and allies biggest winners in Lebanon polls
BBC
Iran nuclear deal: Powers seek to save agreement after US exit
Trump lawyer Michael Cohen ‘paid by Russia-linked firm
Five Australian politicians ousted over dual citizenship
Tinder owner says it’s not afraid of Facebook dating app
Google assistant calls to make appointment
Sepp Blatter opposed to joint World Cup bids amid 2026 proposals
Less is more’ for Ireland as they prepare for Test debut
Pompeo in North Korea ahead of Trump-Kim talks
Malaysia heads to polls on election day
Eurovision 2018: Ireland through to final
Grenfell fire: Italian couple transformed into fairy tale heroes
Childish Gambino’s new music video has sparked debate
Pet shop bird thief tackled by 68-year-old
Eurovision: Singer Jessica Mauboy explains why Australia is competing
Rock star Serj Tankian on Armenia’s ‘unique revolution
Cannes 2018: Cate Blanchett speaks about equality at ‘gladiatorial’ festival
The last king of Bulgaria
Why fashion industry loves Meghan Markle
Why Italy is still searching for a leader two months after elections
Nigerian ‘syrup’ ban raids lead to companies closing
At his peak he could change games on his own
BUSINESS HEADLINES:
$5.1 billion Slack has added 2 million more users as it battles Microsoft and ramps towards a possible IPO (MSFT) – Business Insider
10 Creative Entrepreneurs On Pursuing An Authentic Career Path – Forbes
100 Best Brunch Restaurants in America: OpenTable Releases Its 2018 List – Forbes
11 Ways To Optimize Landing Pages For A Better Conversion Rate – Forbes
2 FTSE 100 Dividend Greats That Could Surge This Week – Forbes
2 FTSE 100 Dividend Greats That Could Surge This Week – Forbes
2 Nifty Disruptors Helping Older People Get Jobs – Forbes
20 heartwarming pictures of royals meeting kids – Business Insider
23 states yet to fully comply with CPS ‘ PenCom – Punch
3 Buys That Crush Bitcoin And Yield Up To 8.2% – Forbes
3 Strategies To Help You Say “Bye, Felicia” To Student Loan Debt – Forbes
3 Tips for Renovating Your Business Strategy This Spring – Entrepreneur
3 Ways Men Can Help Close the Gender Gap – Entrepreneur
33′ Export connects with consumers at Friendship party – Vanguard
4 Thoughtful, Customized and Luxurious Mother’s Day Gift Ideas – Forbes
5 Key Takeaways From David Fizdale’s First Comments As Knicks’ Coach – Forbes
5 Things I Wish I Knew Before Launching My First Crowdfunding Campaign – Forbes
SPORTS
Seeks More Information About Croatia – Daily Independent
2018 PLAYERS Championship Odds: Tournament Betting Lines, Field Analysis – Bleacher Report
Aaron Boone Talks Yankees vs. Red Sox Rivalry, Calls Boston ‘Great Team – Bleacher Report
AIPS President, others commend Wike for commitment to sports devt – The Sun
AIPS president, others laud Gov. Wike’s commitment to sports development – The Sun
Alex Ferguson now talks with family members – The Sun
Amosun Hosts Joshua’s Father, Describes Boxer As True Ambassador – Daily Independent
Antoine Griezmann’s Buyout Clause Reportedly Will Be Met by Barcelona – Bleacher Report
Antonio Conte: Chelsea will ‘fight until the end – Daily Trust
Arsenal need to spend 250m to compete’ – Parlour sounds warning to Wenger successor – Goal
Arsenal need to spend 250m to compete’ – Parlour sounds warning to Wenger successor – Goal
Arsenal Vice Captain Koscielny Out For Six Months Over Injury – Osun Defender
Arsenal’s Koscielny Out For Six Months – Daily Independent
Arsenal’s summer shopping list’ Wright calls for centre-half, keeper and midfielder – Goal
Arsenal’s summer shopping list’ Wright calls for centre-half, keeper and midfielder – Goal
Arsene Wenger’s farewell speech in full after Arsenal’s final home game – Daily Trust
ASABA 2018 AAC: Ogba promises world standard event – Vanguard
Asaba 2018 LOC to set new standards – Punch
ENTERTAINMENT
#BBNaija : Cee-C flies alongside Davido and Chioma in a private Jet back to Lagos (Photos) – Information Nigeria
#BBNaija: ‘Alex can’t make it on her own, she has no direction in life’ ‘ Read the nasty things being said about Alex on Twitter – Information Nigeria
#BBNaija: Cee-C Spotted Inside Private Jet With Davido And Chioma (Photos) – Information Nigeria
#BBNaija: Ifu Ennada Heartbroken After Ex-Boyfriend Recently Got Married – Information Nigeria
#BBNaija: The Day I Saw Housemates Having S*x In The House ‘ Tobi (Video) – Information Nigeria
#BBNaija: Tobi Poses With Banky’s Wife, Adesua Etomi – Information Nigeria
#BBNaija: Tobi Reveals the Day He Saw Housemates Having Cex in the House [Video] – Gistlover
#BBNaija: You Need To See the Ugly Things Being Said About Alex On Twitter [Photos] – Gistlover
#MavinAt6! Mavin Records celebrates 6th Anniversary – Bellanaija
#MeToo: Female Hollywood Stars To Protest On Cannes Red Carpet – Channels TV
16-year-old housewife murders her husband with rat poison in Kano State – Linda Ikeji
7 Pregnant Women, 211 Other Nigerians Return From Libya After Failed Attempt To Travel To Europe – Information Nigeria
A sneak peek at ‘Arrested Development’ Season 5 – CNN
A tale of love, lust & betrayal! ‘Sylvia’ premieres at Nollywood Week Paris with Ini Dima-Okojie & Udoka Oyeka in Attendance – Bellanaija
Actor, Kelechi Udegbe stars in new documentary series, Kelechi’s Quest ‘ Watch Episode 1 – New Telegraph
Actress Onyii Alex Pours Her Banging Curves Into Alluring Jumpsuit (Photos) – Information Nigeria
Ade Samuel came through at #METGala Styling Letitia Wright & Michael B. Jordan – Bellanaija
Arsenal’s Koscielny Ruled Out Of Russia 2018 World Cup – 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
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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
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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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.