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Home Blog Page 4522

How Active Philosophy and Open Thinking Impact Strategic Leadership

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“I’m a business man not a philosopher” the proud bourgeoisie says over the thought of the social implication of his next bold move. Such is also a likely response from the hard-fact nerds when interrogated about the ethical value or political correctness of their business ideas. This type of individuals only think in terms of the balance sheet. They believe any noble effort or course worth pursuing is one that inherently adds up to the numbers. To many of them, the world belongs to the doers not the thinkers or the philosophers.

I remember two of my colleagues at my former workplace would teasingly refer to me as Aristotle. Prof. was another title I was generally addressed with in the company. But I’d like to think I preferred the latter. It was my first corporate work experience. Though bright, I obviously had many ropes to learn in the practicality of the corporate enterprise. However, my academically learned capacity to approach problem-solving from the lens of theories and thoughts quickly positioned me for leadership within the company.

Of course, despite my strength, I also had my own share of troubles regarding the politics that inevitably play out in the office. One is the tendency of some of my critical colleagues and fellow bigwigs to fend off my contributions and propositions in strategic meetings as too idealistic or academic. Hence, sometimes I didn’t take the Aristotle labeling as a compliment.

Philosophy as an act is the love of knowledge, and it is generally believed that all known fields of knowledge stem from a loving and desirous attitude towards knowing. With this definition in perspective, it is not farfetched why mediocrity often creeps in and is allowed to fester when professionals or strategic leaders distance themselves from the very act of philosophy.

Dan Pontefract in his book, open to thinking, presents the case for doing active philosophy in strategic leadership through what he terms open thinking. Pontefract defines open thinking as a system of thought encompassing a holistic approach of reflections, decision making and action to secure an ethical outcome.

Open thinking which is the philosophical transitioning of actions from thoughts or ideas involves a three-phase process which Pontefract calls Dreaming, Deciding and Doing. His 3D lens of open thinking offers a strategic way of thinking more clearly and making better decisions. This process is iterative inclusive contemplative, interrogative and deliberative rather than automatic or reflexive.

At a period of increasing tech revolution and when people seem to be busier on the web than ever, “clear thinking has increasingly become a rare commodity”. ” people tend to rush conclusions, accept misinformation, skip nuance or trust shallow assumptions”. Therefore, Pontefract proposes it is time that the world needed to pause and ponder.

It is not surprising that “people and organizations invariably outsource their creative and critical thinking to Alexa, or Serie or Wikipedia” Pontefract said. Also, the development of ChatGPT has serious implication in this trend.

He said, “the effectiveness of your thought process depends on how well you sort evidence, reflect upon it and challenge your conclusions”.

The three dimensions of open thinking delineated by Pontefract subsume distinct but interdependent thinking. They are explained as follow:

Dreaming/Creative thinking. This involves ideation and reflection. Creative thinking is an imaginative process or the art of daydreaming through which ideas are generated. Open thinkers are willing to wander and take time to day dream or think things through. In other words, creative thinking or daydreaming is the act of exploring rather than exploiting time in relation to the universe.

Deciding/Critical thinking. This involves subjecting ideas to further analysis to arrive at a more informed judgment or decision. Critical thinking helps to overcome cognitive biases. This invariably implies being open to new ideas or information or seeking alternative perspective usually through peered review.

Doing/Applied thinking. It is the art of implementing new solutions based on the outcome of the critical thinking process. It is the commitment to execute a decision. Applied thinking does not focus on the what but on the how of the solution. However, applied thinking may not be the end of the process since open thinking is iterative. What this means is a solution could be re-subjected to critical thinking and creative thinking to arrive at better or more refined solutions. It through applied thinking that people innovate based on existing ideas.

The core philosophy of open thinking is the alignment of reflection and action. In Pontefract words, “Open thinking balances reflection and action”. However, failure to embrace open thinking generally result three habits that invariably result in decision errors. They include:

Indifferent thinking. This is a situation where people are trapped into staying with their current methods or status quo even though this has an adverse effect on them.

Indecisive thinking. This is a situation of constantly oscillating between what to do or what not to do. People with this habit invariably fall prey to endless dreaming or characterize state of mind often referred to as paralysis analysis.

Inflexible thinking. This is a situation where people avoid wasting time on ideation or analyzing situations or responding to outcomes but rather plunge ahead with what they choose to do. The act of doing becomes the most important thing.

The following are 10 Principles and Essential Guidelines for Open Thinking:

  1. Allow yourself plenty of time to think clearly and comprehensively. Never rush your thinking. Open thinking is a slow thinking movement.
  2. Too much thinking, rethinking and re-rethinking can become self-defeating. So can too much collaboration. After careful thought and conversation, move ahead decisively.
  3. Never take action just to take action. Be thoughtful about what you do and decide what not to do.
  4. Be flexible in your thinking. Let knowledge shape your ideas and opinions.
  5. Write down your best thoughts. Idea flow is a continuing resource.
  6. Be systematic and organized in everything you say and do.
  7. Take breaks to refresh yourself and create time for new ideas to emerge.
  8. Dig for information to enable proper analysis and informed decision making.
  9. Maintain your focus. Dont succumb to time-wasting distractions.
  10. As an open thinker, include time to dream, decide and do every day.

Resource:

Dan Pontefract. 2018. Open to think: Slow down thinking creatively, and make better decisions. Figure1 Publishing. Summary available at http://www.getabstract.com

“Uwa bu ahia” [the world is a market], and everything you do is business!

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We do one thing at Tekedia Institute : business education with the mindset of entrepreneurial capitalism. Here, we are not into training people on how to code or do the hard tech stuff. Rather, when we come to technology, we focus on how to use technology to create competitive advantages in markets, by efficiently deploying it to support an organization’s strategic objective.

We have faculty from leading tech companies (Google, Microsoft, Amazon, Flutterwave, Facebook, etc) but they are not teaching html, python, php, etc. Rather, they explain new domains of technologies, from the lens of business, and how those could help your mission.

Our broad theme here is Innovation, Growth and Operational Execution. Sure, technology is part of that mix but it is not the supreme. We consider business models to be more impactful. As we educate on how to organize, combine and recombine factors of production, we pay attention to the importance of tech within the people-processes-tools triple helix, because we understand that tech could offer and deliver new basis of competition in markets, unleashing new leverageable factors that can compound and bring market disruption for innovators.

I invite you to Africa’s finest business school where N90,000 ($170) gives you access to courses prepared by dozens of business executives. Here, all sectors and industries are covered. Everyone is invited, tech or no tech.

Why? “Uwa bu ahia” [the world is a market], says the Igbo Nation. What that means is clear: everything you do is business – and that is why you need to join the next Tekedia Mini-MBA to understand business.  Register here.

Tech Industry Likely to See More Layoffs Due to Continuing Macro-Economic Headwinds – Jim Cramer

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American TV personality and host of Mad Money on CNBC Jim Cramer has disclosed that the tech industry will likely see more layoffs this year due to continuing macroeconomic headwinds.

Cramer stated that several macroeconomic factors such as rising inflation, and high fuel cost, amongst others, have continued to affect the revenue of major tech companies that are currently finding it difficult to pay their employees.

In his words, “There are so many tech companies with bloated payrolls that are still trying to grow rapidly, overpaying for new employees, and they fear that layoffs will mean that their time in the sun is over. They don’t seem to understand that their time in the sun ended over a year ago.”

He further warned investors to refrain from being overly optimistic about how tech companies and their stocks will fare once more employees are laid off.

Cramer’s warning comes after American cloud-based Software company Salesforce, revealed plans to slash its workforce by 10% after it disclosed that it overhired during the pandemic.

The company’s proposed job cuts will impact more than 7,000 of its workers.

The tech industry has been faced with layoffs of workers as they have been hit with a global economic crisis which experts reveal was fueled by the Russian-Ukraine war and the impact of the Covid-19 pandemic.

Hiring freezes and layoffs have impacted every sector of the tech industry from web3 startups to even established tech giants.

The sector recorded a total of 1138 layoffs globally as of November 2022. According to a Crunchbase News tally, more than 91,000 workers in the U.S. tech sector have been laid off in mass job cuts so far.

Firms such as Meta, Amazon, Netflix, Tesla, Twitter, Zendesk,  Snap, Spotify, etc have all laid off a significant amount of their workforce as they battle with several economic challenges.

Lately, it is like with each passing day, there is a report of mass layoffs and hiring freezes from big tech companies that were formerly famous for having deep pockets and near-endless amenities for workers.

It is visible that the industry as a whole is tightening its belt, leaving hundreds of thousands of employees out of work as it battles with the recent economic downturn in a bid to stay afloat.

Meanwhile, as tech firms continue to lay off a significant amount of its workers, a Tekedia article disclosed that these job cuts have presented opportunities for African techies.

Amazon will let go of more employees than it initially expected, CEO Andy Jassy announced Wednesday in a blog post. While roughly 10,000 cuts were estimated in November, over 18,000 workers are likely to be impacted, most within Amazon Stores and the People Experience and Technology Solutions team. Amazon saw tremendous growth during the pandemic, forcing it to hire hundreds of thousands of people to meet demand. However, the demand has since fizzled and paired with a gloomy economic outlook, the company launched a “broad cost-cutting review” last year. (LinkedIn News)

GetBundi Founder Advocates Digital Skills Learning Across Africa in 2023

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As the year 2023 gets on track, leaders of African countries have been called upon to take digital skills education more seriously so as to build the right kind of workforce to drive development of the continent.

Osita Oparaugo, founder/CEO of GetBundi, who made the call on Tuesday while interacting with journalists in Lagos, said lack of a digital skills workforce would hurt Africa’s economic development if not addressed immediately.

He asserted that acquiring digital skills is a must for anyone in the 21st century, especially in Africa.

To buttress this point, the GetBundi founder cited a study by the International Finance Corporation (IFC), a member of the World Bank Group, which found that 230 million jobs across Africa would require some level of digital skills by 2030, translating to a potential for 650 million training opportunities and an estimated $130 billion market.

According to him, preliminary findings of another research on the Cote d’Ivoire, Kenya, Mozambique, Nigeria and Rwanda markets by IFC and the World Bank (through the Digital Development Program Trust Fund) showed that by 2030 some level of digital skills would be required for 50-55 percent of jobs in Kenya, 35-45 percent in Cote d’Ivoire, Nigeria, and Rwanda, and 20-25 percent in Mozambique.

He said only countries with STEM and digital skills-enabled citizenry can achieve meaningful development in the present world.

Citing Singapore and China which are now flourishing economies as a result of the critical role scientific and technological advancements have played in them, Oparaugo said, “What China and Singapore have achieved in less than 50 years, Africa can also attain using STEM education and STI Skills acquisition, especially when one considers the abundance of human capital and the resilient nature of Africans, especially the youths.”

He said it was to promote digital skills learning across Africa that GetBundi, an educational technology platform designed to deliver high quality, engaging and accessible STEM courses and STI skills, was launched in Lagos, Nigeria’s commercial capital, in June 2022

Recently, in December 2022, we decided to run some of our GetBundi digital skills courses in Pidgin English to make them more accessible to more Africans given the conclusion of studies by the World Bank, UNESCO and others that using a language of instruction closest to the people matters a lot especially for learning foundational skills,” Oparaugo said.

He said the edtch platform has a vision to up-skill, through its STEM and digital skills centre, 10 million Africans by 2032 and beyond in order to create an inclusive sustainable development driven by technology.

Smart Money Seeks Security with Orbeon Protocol (ORBN), How Are Binance (BNB) and FTX (FTT) Coping

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In the wake of recent concerns regarding security breaches and instability in large cryptocurrency exchanges like Binance (BNB) and FTX (FTT), many investors are seeking greater security when it comes to their digital assets. One such option is Orbeon Protocol (ORBN), which is quickly gaining traction during phase 3 of the public presale having seen price increase 805% in a few weeks.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

To raise the funds they need to succeed, startups are typically required to pitch to wealthy individuals and venture capitalist firms for capital. This is a time-consuming process and many startups find it difficult to secure the necessary funds.

Orbeon Protocol (ORBN) is a new and innovative way for startups to raise capital in an efficient and secure manner without having to go through this lengthy process. On Orbeon Protocol (ORBN), startups can sell equity-based NFTs to investors in exchange for capital.

These NFTs also provide a new way of tracking ownership and represent a much more efficient way of managing corporate ownership. Plus, fractionalization means that investors can own a piece of the company without needing millions of dollars via Orbeon Protocol (ORBN).

Everything runs on smart contracts that are held on the Ethereum (ETH) blockchain, meaning that transactions are nearly instantaneous and completely secure. There is no room for middlemen to intervene in transactions and the process is much more transparent than traditional methods.

ORBN tokens are the key to unlocking this new world of finance. It’s an ERC-20 token that will power the Orbeon Protocol (ORBN) ecosystem and provide access to exclusive features. For example, holding Orbeon Protocol (ORBN) gives early-bird access to the best deals, discounts on fees, and more.

With the public presale phases 1 and 2 selling out in a flash, phase 3 appears to be heading down the same path. FOMO is already in full effect as investors scramble to obtain ORBN tokens before the presale ends, experts predict price will increase 6000% during the course of the presale. Orbeon Protocol (ORBN) plans to hit the major exchanges during 2023 after its initial launch on UniSwap.

>BUY ORBEON TOKENS HERE<<

FTX (FTT)

FTX (FTT) is – or was – the official token of the FTX exchange, a crypto derivatives trading platform created by Sam Bankman-Fried and his team. FTX (FTT) saw huge gains in 2020 due to its reputation as a secure and reliable platform for cryptocurrency derivatives trading.

However, the whole situation changed earlier this month when FTX (FTT) was found to be insolvent. The exact details are still emerging, but it appears that FTX (FTT) was sending customer funds to a sister company – Alameda Research – who propped up the FTX’s FTT token.

This appears to be the end of FTX’s (FTT) reign. The aftermath has been damaging, with the token losing over 99% of its value since it hit its all-time high. Honestly, it’s hardly surprising to see investors fleeing the FTX (FTT) token in droves.

Binance Coin (BNB)

Have you ever bought a cryptocurrency? You probably used Binance (BNB) to do it. As one of the largest and most popular exchanges, Binance (BNB) is well-known for its low fees, wide variety of coins available to trade, and user-friendly interface.

Binance Coin (BNB) continues to innovate, which has resulted in them developing a whole ecosystem of services that includes an NFT marketplace, startup launchpad, and the Binance Smart Chain (BSC).

With this much going on, it may be a surprise to see Binance Coin (BNB) falling this month. This recent sell-off is due to Binance Coin (BNB) users’ concerns that the exchange isn’t solvent. While there is no evidence of this, the recent FTX scandal has struck fear in many investors. Binance Coin (BNB) is currently trading at $245 with volume just under the $300 million mark.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol