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How Should We Hire?

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Hiring decisions will always come under fire from all corners, for as long as have recruiters and job-seekers. But that’s not the focus today. The question I want to ask here is, what should we hire for? Should we hire experience or for experience? I will explain shortly.

We are in a time where experience is becoming one of the most critical things company recruiters look for when they are hiring to fill a role. They want to know how many years of experience you have garnered, what kind of skills you have acquired from previous roles, and how many years have been spent in such roles.

Some want to know what top gear achievements you have from your previous employer. Why did you leave your former employer? And so on.

But do the answers tell you how a person will perform on a job? Or are they questions recruiters ask to fill time? That a person has seven years relevant industry experience in that role, is it guarantee that they can deliver on your company’s vision?

To answer that question, I want to reference something I read from the book “Good to Great: why some companies leap, and others don’t.” An interesting point to note here is that the chapter about how a company’s success is highly determined by having the right people on board said little or nothing about years of industry experience.

I’ll take this excerpt from a page in the book.

One good-to-great executive said that his best hiring decisions often came from people without industry or business experience. In one case, he hired a manager who’d been captured twice during the Second World War and escaped both times. He said, ‘I thought anyone who could do that shouldn’t have trouble with business.”

Did you laugh out? Or did you nod your head vigorously in agreement with him? Well, I did both when I read that excerpt. In this case, the man may not have been hired for job experience but for life experience. And I agree that anyone captured twice during a war and escaped in both instances has what it takes to succeed as a business manager.

There is a reason it is said, “People are not your greatest asset; the right people are,” but the reason is certainly not about the number of years of industry experience a person has. As you probably know, the quality of life experiences a person has gone through says much about the quality of character and personality. But If you are trying to decipher the kind of life experience the person has that may make him thrive on the job, then the emphasis on how many years they have worked in a role may not give you all the answers you seek.

Rebranding Nigeria and the Concept of Economic Distance in Transport Geography

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Every year, I try to be a bit different about my New Years message, but every year, I also try to have a new message for Nigeria.

This year was different, because the message didn’t contain any sentiment that was specific for Nigeria, and some of my ‘people’ may feel left out.

Many people have only one sense of national identity. Some have one for every place they have lived. Some, for strange reasons, develop an alter ego identity around places they have never been, or places that they have been fairly briefly, for example, on a holiday, or on a period of study.

I have lived many places, though my sense of identity is confined to three places – Ireland, Nigeria, and Trinidad.

Nigeria needs recovery, but I am not a politician, nor am I a nation architect.

I would like to discuss here, one or two concepts, though they are not a panacea on their own.

Concept of Economic Distance in Transport Geography

This concept is just simple Econo-maths. It refers to the trade and development multiplier effect that is created by improving transport routes between two urban entities.

It is achieved simply by adding the GDP of each city/town together and dividing it by the distance between them. For example, in Nigeria, it would be measured in  (currency)/km.

It becomes more complicated when considering two cities/towns not of the same nation, because the comparative benefit to each country, and the contribution for route creation or improvement needs to be considered.

A key example of this is the Trans–West African Coastal Highway or TAH 7 intended to link 12 West African coastal nations, from Mauritania in the north-west of the region to Nigeria in the east, with feeder roads already existing to two landlocked countries, Mali and Burkina Faso. This project of the Buhari Regime, was to terminate at Lagos, Nigeria.

This actually wouldn’t serve Nigeria very well, would open Nigeria up to port management inconsistencies on import duties into West Africa, and it also had really poor ‘Economic Distance’ metrics, which didn’t favour Nigeria.

It takes in ports that are better designed, and certainly, operated more efficiently than those in Nigeria.

Instead, Nigeria would be better placed contributing to an international highway going through South Cameroon, and taking in ‘the Congos’, terminating in Kinshasa.

Virtual Capitalist previously predicted that by 2050, Kinshasa is expected to be the second largest population in the world after Lagos.

A visionary highway route from Nigeria, terminating in Kinshasa, would probably provide the best ‘Economic Distance’ link on an international scale (as calculated by GDP Naira/km), with a lot of future proofing.

An easterly route, terminating in Nairobi, would probably be the second most efficient ‘Economic Distance’ link, though bearing in mind, Nairobi efficiency rate is better than Lagos, so that would require further investigation. Kinshasa is less efficient than Lagos.

On a domestic level, the route north, encompassing multiple middle belt and northern towns and cities makes no sense. The  GDP Naira/km collective value isn’t high enough.

Instead, Federal Strategy should be better placed making highly efficient links in the South. A link between Oshodi Lagos and Abeokuta in Ogun State has been completed, but this isn’t enough to allow transport routes to do their part in powering Nigeria’s economy.

Key high GDP Naira/km pairs would also be links to Onitsha, Aba, Warri, and Port Harcourt.

Those who know me well in a Nigerian context, who may criticize me on allegiance to tribal title must know that as a municipal centre, I am not recommending Owerri here, and it has to wait its turn with others.

A key link in Yorubaland should be getting the route from the Oshodi terminal to Ibadan, and an interlink between Ibadan and Abeokuta more intuitively joined up.

From around 2010 forward, both Ogun and Oyo became a focus for industrial development, as ‘brownfield’ sites in Lagos State weren’t large enough, and ‘greenfield’ sites in Ogun and Oyo were more freely available, but within easy reach of a massive Lagos captive market.

I believe concentrating on the links I have proposed, if managed properly, will generate the dynamic for further links with lower GDP per Naira/km urban pairs starting with highest first.

It is important to not grow links based on tribal sentiment.

Aba (Abia State) as the ‘piration’ capital of the world.

Aba for decades has celebrated its ability to pirate things.. in international English, think ‘knock offs’ or counterfeit. You can get really bad copies of designer brands, really cheap, or you can get indistinguishable copies at 20-35% of typical high street prices. There is a spectrum between the worst and the best.

Everything from the latest phones, to handbags, shoes, and perfumes is available.

Many industrial products are also available, though the best sourcing in the region for industrial products is Onitsha.

Many local advocates have made the argument that artisans in Aba have good enough product quality to establish brands to represent their goods directly, and they should wean themselves off copying fashion brands.

Many say, it isn’t that easy, and they don’t have the promotional budgets big companies do. It is easier to trade on the familiarity of the brands they copy. IP enforcement regularly raids them, but goods carted off clandestinely make their way back into the market.

9ja Cosmos is now offering a third way.

What we have done, is claimed ownership globally to the brand ‘pirayted’ by minting it to the Handshake Blockchain. We now have ownership of this identity which cannot be taken away from us by any court, or government directive, domestic or foreign.

What we ‘invite’ businesses involved in counterfeit goods to do, is to adopt the brand ‘pirayted’

In this way, the product, while seeming to resemble a well known brand, is being transparent about its similarities, while at the same time, making it clear, it bears the brand ‘pirayted’.

It would be helpful if businesses adopting the ‘pirayted’ could also incorporate significant departures, (perhaps with comic expression), that create some emphasis on gaps in resemblance to any product with IP protections.

We are making the ‘pirayted’ brand available for anybody to use, as open source, and not levying any charge for doing so.

As the brand scales and develops adoption and acceptance, Nigerian artisans and creators can evolve and migrate from resemblances to aesthetics of other products, and gradually arrive at unique expression, using ‘pirayted’ as both a vehicle and a reference anchor fulcrum.

9ja Cosmos is here…

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Visit 9ja Cosmos LinkedIn Page

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Preview our Sino Amazon/Sinosignia releases

The Call to Service in Abia State

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His Excellency, Dr Alex Otti, called me and asked me to visit his country home in Abia State. I accepted and went. It was a really great moment. Right there, we discussed the next playbook for our great state. He asked for my support to execute it, and Ndi Abia, I answered YES Sir.  It is a bold vision, to transform and industrialize Abia. The grand vision is to cushion growth and shared prosperity for ALL ABIANS. Details coming from the Governor’s Office….

(Good People, as I have shared in the public, I have also shared privately: I will continue to serve Abia, and will NEVER send any invoice to my state (other states, no luck…lol). And most importantly, I do not do government contracts. )

I thank His Excellency for giving a village boy from Ovim an opportunity to serve Abia. Together, all Abians can rebuild the “God’s Own State” and the land where prosperity comes via enterprise.

In the last reported quarter, we attracted more FDIs than other states but Lagos and Abuja, in Nigeria. If you’re not investing in Abia right now, you are not doing business in Nigeria. Abia is Rising >> Invest in #Abia .

If you need any support, contact me and our commissioners and special assistants are available to help you open that factory, branch, office, etc in Abia. And if the vision is grand, I will get you before His Excellency. We’re Abians, and we want you here.

photo: Ndubuisi Ekekwe and Dr Alex Otti in his country home in Abia State

Have one-on-one Zoom sessions; Register for Tekedia Startup Masterclass

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As you begin to build, Tekedia Startup Masterclass is structured to support you. Attend our program and acquire capabilities to efficiently execute your mission. It is on-demand which means you can enroll and begin anytime.
 
Yes, you will have one-on-one Zoom sessions with me. And you will get the insights and perspectives you need to efficiently combine and recombine factors of production, to create products and services, to fix the frictions in the market.
 
This is the temple; come over and register
 

Tekedia Startup Masterclass: from Start-Up to Unicorn is designed to help founders, entrepreneurs, and those generally working in the startup ecosystems, to master the mechanics of building category-king startups. The program runs for 8 weeks. Besides some pre-recorded courses for the 8 weeks, the program includes an hour-long one-on-one live Zoom session every week, per participant, with Tekedia Institute’s Lead Faculty, Prof Ndubuisi Ekekwe.

Participants can enroll and begin anytime. In other words, there is no specific start date as it is customized for the learner via the one-on-one live Zoom sessions. If you pay today, you will begin immediately.

The goal of the Masterclass is to help the participants master modern business mechanics which are used to scale and blitzscale ideas into unicorns (startups with a minimum of $1 billion in valuation).

 
 

Navigating the Crypto Market: Top Picks for First-Time Investors Seeking Growth

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For first-time investors seeking growth in the crypto market, three promising tokens stand out: Arbitrum (ARB), VC Spectra (SPCT), and THORChain (RUNE). With positive developments, expanding budgets, and strategic partnerships, these tokens show potential for significant value appreciation, making them top picks for those navigating the crypto market.

Let’s explore why these top crypto coins should be considered by new investors.

Incentive Program Fuels Arbitrum’s (ARB) Optimism

In December, the Arbitrum price (ARB) showed a strong upward trend, experiencing an 18% increase to $1.18. This positive momentum for ARB aligns with recent advancements in the Arbitrum ecosystem, where the Arbitrum DAO has taken a significant step to enhance its Short-Term Incentive Program (STIP).

During a community vote held from November 18 to December 2, ARB token holders, exercising their decentralized governance power, approved an impressive expansion of the STIP budget by $23.4 million. The market responded positively to this news, as the primary objective is to support new DApp developers within the Arbitrum (ARB) ecosystem.

Although the Arbitrum price (ARB) currently stands at around $1.76, experts are optimistic about its future value. They predict that the Arbitrum price (ARB) could surge to as high as $8.72 in the coming year.

VC Spectra (SPCT): The Hidden Gem In The Crypto Market

Navigating the crypto market can be exciting but daunting, especially for first-time investors seeking growth opportunities. Among the many tokens available, one that has been generating quite a buzz lately is VC Spectra (SPCT).

VC Spectra (SPCT) is a decentralized trading platform and asset management protocol designed to drive progress in the blockchain and fintech industries through strategic investments. What makes the protocol unique is its commitment to offering equal access to top investment opportunities in the blockchain sector for individuals from all backgrounds.

The journey of VC Spectra (SPCT) began on a high note with an incredibly successful private seed sale, where it managed to raise an impressive $2.4 million, surpassing all expectations. This initial success generated significant investor interest, leading to a highly successful public presale.

Moreover, VC Spectra’s SPCT token sells for just $0.077 in Stage 5 of its public presale. However, investors anticipate remarkable gains as SPCT aims to reach its $0.080 presale target, potentially increasing by as much as 900% from its initial value of $0.008. The potential rewards could become even more significant after its listing on major exchanges, making VC Spectra (SPCT) the best cryptocurrency to buy now!

 

Edge Wallet Integration Drives THORChain’s (RUNE) Surge

THORChain’s native token, RUNE, has recently demonstrated an impressive bullish momentum, experiencing a remarkable surge of 91% in December, pushing its price to $6.40. This surge in value can be largely attributed to THORChain’s (RUNE) integration with Edge Wallet.

This collaboration aims to revolutionize decentralized participation and promises to enhance user engagement by providing a seamless experience within the dynamic THORChain (RUNE) ecosystem. Unsurprisingly, this news has generated significant excitement among THORChain (RUNE) investors.

Although there has been a dip in the price of THORChain (RUNE) to $4.68 in January, analysts maintain an optimistic outlook for its long-term prospects. They project that the price of THORChain (RUNE) could surge to $18.36 in 2024, making it one of the best coins to invest in.

Learn more about VC Spectra (SPCT) and its presale