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Tekedia Mini-MBA OPENS Registrations for next edition

By
Ndubuisi Ekekwe
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0

Greetings! We’re excited to announce that registrations for the next Tekedia Mini-MBA (June 5 – Sept 2, 2023) have opened. Tekedia Mini-MBA is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to learn. We also have optional thrice weekly Zoom sessions. Our program curriculum is here.

Our Faculty members come from MTN, Shell, Microsoft, Amazon, Flutterwave, Nigerian Breweries, KPMG, Amazon, Infoprive, Bank of Industry, First Bank, Trusbanc Capital, etc, and are coordinated by Prof Ndubuisi Ekekwe. 

In this next edition, we will have many AI-business modules to prepare our learners for the transition into the AI age in business. The world moved from typewriters to Microsoft Office tools many decades ago;  over the next few years, AI will be the next destination, and Tekedia Institute will be here for that future (watch video below).

Here is our pricing if you register by April 3, 2023 (discounts available for bulk registrations): 

  • MINI: Tekedia Mini-MBA costs US$170 (N90,000 naira) per person.
  • MINR: Add extra (optional) $30 or N10,000 if you want us to review and provide feedback on your homework.
  • MINF: Annual Package (includes 3 consecutive editions of MINI and optional 2 capstones) – $340 or N180,000.
  • CAPS: Tekedia capstone is a research paper or a case study exploring a topic, market, sector or a company. Add extra (optional) $60 or N20,000 for each track chosen.

How To Register

We truly hope to co-learn with you; register and share with friends, associates, etc.

Regards,

Tekedia Mini-MBA Team

Lagos State Government to Waive Fines for Vehicles Impounded for Offenses

By
Samuel Nwite
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0

Lagos State Government said it is waiving fines on vehicles impounded for committing minor traffic offenses, ahead of the governorship election scheduled for Saturday, March 11.

The decision was announced on Tuesday by the Commissioner for Transportation, Dr. Frederic Oladeinde, who said Lagos State governor Babajide Sanwo-Olu is taking the step as a palliative measure amid ongoing cash crunch.

He added that the governor is also slashing the cost of public transport on state-owned transport services such as the BRT and LagRide.

“When you look at what the governor proposed, especially during the cash crunch period, we have reduced public transport fare by 50%,” Oladeinded said.

“So when you go on our BRTs and all the Lagos state funded public transport, including Lag Ride, we have reduced the fare by 50% just to alleviate the suffering of our people.

“Apart from that, moving away from transport, we have opened up food banks in certain areas,” he said.

Oladeinded explained that the palliative measure covers for only minor offenses, adding that he hopes the cash crunch challenge will soon pass by – following the conclusion of the election.

“So we’re hoping that in a short time, life would return back to normal but in terms of public transport, I think we’ve reduced fare by 50%.

“There are some people that committed offences during that period and we understand the fact that money wasn’t easy to come by.

“Looking at the governor’s magnanimity, the governor has deemed it fit to ensure that people who committed crimes within that period and wanted to pay or couldn’t pay as a result of the shortage of cash, they should come and pick up their cars and he has waved the fines.

“Mind you, that does not include major crimes committed. These are just minor traffic offences that have been committed in Lagos and this is showing empathy and trying to understand that look, we understand how difficult it has been and it is not a reason for us to stop you from making ends meet and so hence the governor’s magnanimity,” he said.

While the commissioner said the waiving of fines is part of government’s initiative to cushion the effect of the cash crunch, emanating from the Central Bank of Nigeria’s (CBN) Naira redesign policy, Nigerians believe it has more to do with the incoming governorship election. The state government has also released N1.2 billion to clear pension backlog.

The Lagos State government was widely condemned for auctioning vehicles caught breaking traffic laws, a step the state said it had taken to compel motorists to obey the laws. However, the move has become a point of reference for the youths supporting Gbadebo Rhodes-Vivour, the Labour Party governorship candidate for Lagos State.

Sanwo-Olu is noted to have upped his engagement with Lagosians as the election draws near. But it’s all understood to be a gimmick, aimed at winning the youths who have scores to settle with the ruling All Progressive Congress (APC).

The APC dominates the Lagos State government, occupying almost every political position. But the dominance, which is believed to have birthed arrogance and recklessness among public office holders, particularly the governor, has been threatened by the Labour Party’s win of the presidential election and some seats in the House of Representatives on February 25.

“Lessons have been learnt A 90% rejection rate at the polls like was witnessed on the 25th will shock any political party – Even the most bigoted and violent ones You cannot fight all the people no matter who you think you are,” a Twitter user, King Alfred, tweeted.

Sanwo-Olu, who apparently has scores to settle with many Lagosians, is thus seen to be desperately seeking to appease a cross-section of people in Lagos, particularly the youths, over his role in the October 20, 2020 EndSars protest that turned bloody after soldiers, who had came on his invitation, opened fire on unarmed protestors, killing scores.

AI in Business – A Tekedia Mini-MBA Course Intro [video]

By
Ndubuisi Ekekwe
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0

More learners will attend Tekedia Institute than any university in Africa this year. Our goal is simple: revamp the world of business by educating scholars on the mastery of entrepreneurial capitalism. In this course, developed by Tekedia Institute Faculty Orakwe John, AI is used to teach an AI course – and it is super-engaging and -amazing. 

I invite you to register for the next edition of Tekedia Mini-MBA here ; we’re the best in what we do in Africa, winning the Velocity Mhagic Prize of $60,000 on business education innovation and 5 stars from our learners.

In the next edition (starting June 2023), we’re ramping up many AI-focused courses in business, hoping to prepare our learners for this new age.

Tekedia Institute >> the best teach here.

Tekedia Institute has developed a 3-year strategy to become the #1 school in Africa to prepare learners on the mechanics of using AI in business (not the technical aspect, we’re a business school). So, in the next Tekedia Mini-MBA edition, learners will see many AI-themed modules.

From Microsoft Office to AI Suites, markets will advance because productivity will accelerate. In this course, developed by Tekedia Institute Faculty Orakwe John, AI is used to teach an AI course – and it is super-engaging and -amazing.

 

Tech Layoffs: Meta Plans to Layoff More of Its Workforce

By
Ojukwu Emmanuel
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0

Facebook parent company Meta is currently planning to lay off more of its workforce this week after a series of significant layoffs.

According to a Bloomberg report, the social media giant has been planning to trim its workforce, giving buyout packages to managers and cutting teams it deems nonessential. This move is still being finalized and could affect thousands of employees.

Meanwhile, current sources familiar with the company disclosed that the current job cuts have been driven by financial targets and are separate from the trimming. The incessant job cuts ongoing at Meta shouldn’t come as a surprise because the company’s CEO Mark Zuckerberg had earlier given a hint on the events that would occur at the firm.

During the last fall, he said, “we are restructuring teams to increase our efficiency, but these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go”.

In November, when Meta announced its first round of significant layoffs, which saw 11,000 of its employees impacted, the company’s CEO Mark Zuckerberg via a video conference with staff members accepted responsibility for the job cuts. He admitted his error in the company’s rapid growth during the pandemic period.

Recall that he had earlier indicated that Meta would be concentrating this year on efforts intended to lower the company’s costs, which he described the year 2023 as the “year of efficiency”. He disclosed to analysts last month that Meta is focused on “cutting projects that aren’t performing or may no longer be crucial”, and that it plans on removing layers of middle management to make the decisions faster.

The company has been communicating its theme for the year (year of efficiency) to employees during performance reviews, which were completed last week. Reports disclose that there is heightened anxiety and low morale among employees lately. Some expressed worry about whether they would receive their bonuses, which are set to be distributed this month if they lose their jobs beforehand.

The cost-cutting efforts are coming at a challenging time for Meta, which disclosed that its cost and expenses jumped 22% year-over-year to $25.8 billion during the fourth quarter while overall sales dropped 4% to $32 billion.

Meta, which has witnessed a decline in advertising revenue, has shifted focus to the virtual reality platform “Metaverse”, asking directors and vice presidents to make a list of employees that can be let go.

The company continues to invest heavily in developing the Metaverse, which it believes could represent the next frontier for mainstream computing. The company’s reality labs division which is tasked with building the virtual reality and augmented reality technologies needed for the Metaverse brought in $727 million in revenue during the fourth quarter of 2022.

Meta has invested a staggering $100bn on metaverse research and development to date, $15bn in the past year alone with apparently little to show for it. The company however remains committed to advance the metaverse through a variety of areas, including Quest, mixed reality and the next generation of social experiences.

Google CEO Defends Desk-Sharing Policy, Reminds Employees That Real Estate is Expensive

By
Ojukwu Emmanuel
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0

CEO of giant tech company Google, Sundar Pichai has recently defended the desk-sharing policy implemented at the company, reminding employees that real estate is expensive.

While speaking in a company-wide meeting last week, Google’s CEO disclosed that the desk-sharing policy was necessitated to save money, while noting that there are lots of empty desks at the company, which makes it feel like a ghost town.

He further noted that there are many employees who show up at the office only twice a week, which he said makes for inefficient use of office space.

In his words,

“To me it’s obvious that they are trying to be efficient and save money but at the same time also utilize resources. There are people, by the way, who routinely complain that they come in and there are big swaths of empty desks and it feels like it’s a ghost town, it’s just not a nice experience.”

“We should be good stewards of financial resources. We have expensive real estate. And if they’re only utilized 30% of the time, we have to be careful in how we think about it.”

Also, Google Cloud’s strategy and operations Vice President Anas Osman, stated that about one-third of employees were coming into the offices at least four days a week, citing data from a pilot the group conducted in regards to returning to physical locations. As part of the pilot, Osman said, employees were given the option of having a dedicated or shared desk.

The data from the pilot reveals that Google employees reported significantly better collaboration when they had assigned days in the office even if that was in a rotational model and a shared desk. The desk-sharing policy was reported to improve productivity.

Meanwhile, Pichai’s recent defense of the desk-sharing policy despite complains from employees, is coming days after Google’s cloud unit told employees that it will transition to a desk-sharing workspace in its five largest locations, so the company can continue to invest in Cloud’s growth.

The new desk-sharing model will apply to locations such as Washington, New York City, Kirk Land, San Francisco, Seattle, and Sunnyvale, California.

The desk-sharing model mandated employees to share a desk with one other. The company stated that they expect employees to come in on alternate days so they’re not at the same desk on the same day.

Through the matching process, they will agree on a basic desk setup and establish norms with their desk partner and teams to ensure a positive experience in the new shared environment. Employees who may come in on other days, especially on an unassigned day, will use overflow drop-in space.

This move comes as Google downsizes its real estate footprint amid broader cost-cutting. However, it hasn’t yet specified regions or buildings it plans on downsizing.

In its fourth-quarter earnings call, Google executives said it expects to incur costs of about $500 million related to reduced global office space in the current quarter, and warned that other real estate charges are possible going forward.

Last month, a report disclosed that Google will be ending leases for “several unoccupied spaces” in the San Francisco Bay Area, the region where its headquarters are located.  

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