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Tesla has turned customers into FANS and created a fandom in markets!

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At Tekedia Institute, we have a case study on Tesla, and I have used this company extensively in our Startup Masterclass program, driving home the point on the necessity of meeting customer perceptions, well beyond customer needs and expectations.

You always hear from executives: “I will execute and the numbers will do the talking”. Interestingly, you can execute, but the numbers will not help you. Simply, how you make money and where you make money are more important than the actual numbers on the balance sheet and P&L!

Tesla is a car company which sells “software subscription” and emission credits, and makes all its competitors look lost, even though most are delivering “better automobile numbers”; Toyota sells close to 9 million cars than Tesla, but Tesla is valued at multiples more. How can a company which makes $54 billion gross revenue be valued more than a ” group” with total revenue of $1.6 trillion*?

Look into your business, move beyond needs and expectations. Elevate the perceptions of customers, set a new basis of competition and unlock value.

Look at the profit of Ford, GM, etc, but see how the market has valued Tesla; it goes beyond absolute $$. Tesla has turned customers into FANS and created a fandom in markets. Others are still meeting Needs but Tesla is creating Perception, a continuum with a mathematical asymptotic behaviour: catch me if you can!

*Tesla has given some points in the market cap

Madrid 3-1 City: City shellshocked by Rodrygo-inspired comeback

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Real Madrid had the 81044-capacity stadium roaring on Wednesday night as the Benzema-led administration punched their tickets into the finals of the UEFA Champions League. Guardiola and his men were stunned by Los Blancos response and were eventually outsmarted in the quest for the grandes stage.

With a one-goal advantage from the first leg, it looked like City had it all. The Citizens further extended their lead on aggregate with Mahrez finding the back of the net in the 73rd minute to seemingly exterminate Madrid. However, the thirteen time champions fought hard, responding on the 90-minute mark through Rodrygo.

The Brazilian youngster levelled things for his club a minute later causing a 30-minute extra time. Karim Benzema, the most fantastic player for La Casablanca stepped up to a spot-kick, four minutes after game resumption and slotted it past Ederson to hurt Guardiola and the entire Cityverse. 

The Frenchman has now scored 15 times in this prestigious competition and is further narrowing his competition for the Ballon D’or prize. Celebrating the league last weekend and paving through to the UCL finals four days later is really an exquisite performance

It’s final week at Tekedia Mini-MBA edition 7: The Call to Business Execution

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We are in the final week of Tekedia Mini-MBA edition 7 after 12 weeks. It has been a wonderful journey in our community. On Tuesday, we looked at Winning in Markets. Tomorrow (Thursday), the conversation is titled “The Call to Business Execution”. Largely, it is ACTION time and we need to go to the markets, and apply the constructs, capabilities and frameworks we have mastered. Until it is done, it has not been done!

How do we get things done? How do we execute in markets? Connect with the Zoom link in the Board.

Meanwhile, registration for the next edition of Tekedia Mini-MBA (June 6 – Sept 3, 2022) continues. It is $140 (or N60k) for the 12-week program which is self-paced and wholly online, if you beat the early bird deadline. Join us, and co-learn with me, and other amazing faculty. Register here.

Nigeria 2023: Obasanjo And His ‘Men Of Integrity’

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Ahead of the 2023 general elections in Nigeria, the former President, Olusegun Obasanjo has stated that the country was in need of ‘men and women of integrity’ to make things better.

The elder statesman further expressed optimism that whatever the situation and condition was in the acclaimed Africa’s giant, all would be well with the country.

Obasanjo, who said this at a Global Crusade organized by the Deeper Life Bible Church in Abeokuta, the Ogun State capital territory, and monitored online, Tuesday, 3rd April 2022, urged Nigerians to have faith in God.

The erstwhile President, who just turned 85, stated that considering the situation of things, Nigeria and the entire world required God’s visitation, hence urging all children of God to seek His face for visitation.

“If you consider what is going on in our cities, our states, our country, our region of West Africa, our continent and indeed our globe, our world required crusade of this nature.

“Some people accused us, Christians of `religiosity’ without spirituality. Yes, that has been the position of the world even in the time of Jesus Christ, but should we lose hope? No.

“There is no time in the world that things have been bad that it is not the children of God that stood out,” he opined.

He went further to state that Noah stood out in his time and also Job, who God described as a man who feared God and shun evil and a man of great integrity.

“Nigeria needs such men of integrity at this present moment. I believe that because of these kinds of men and women of such virtue in Nigeria, God will open his eyes and have mercy on this country.

“Unless those who don’t want to be honest with themselves will say that all is well, but if we trust in God and believe in Jesus Christ all will be well. Children of God, whatever may be our situation, whatever may be the condition, let us have faith in God, and all will be well.” Obasanjo enjoined.

On his part, the General Overseer of the Church, Pastor Williams Kumuyi, who had earlier paid a visit to the former president, prayed to God to grant him many more years to contribute to the progress of the country.

Kumuyi stated that his earlier visit was to show respect to Obasanjo and to also invite him to the crusade where he could share his words of wisdom with the people and the global community.

The general overseer, in his message, opined that God had prepared complete dominion over the circumstances of the world through Jesus Christ, saying the only way to have complete dominion over problems and other circumstances was to live in holiness and consecration to God through Jesus Christ.

Obasanjo ought to define what he meant by ‘men and women of integrity’ in his speech that could best be described as a sermon. It’s time we use more words to buttress the literal meaning of our statements in respect of the impending era of leadership transition in Nigeria.

Meanwhile, Obasanjo should rather consider retiring from active politics. Though he remains an erstwhile president of Nigeria, it’s high time he thought it wise to honourably retire from the country’s political space.

I, and my likes, are no longer interested in listening to his sermon concerning how a leader should emerge in Nigeria. He and his likes should let Nigerians be, so they can make their collective choice in their right senses.

This is how he was given the opportunity to participate a few years ago and he ended up convincing Nigerians that Muhammadu Buhari was the messiah the country needed. But at the moment, he is the greatest antagonist to the present administration. Who is deceiving who?

Suicide: Your life belongs to the government

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This may sound absurd or ridiculous to say but the fact remains that you as an individual don’t have the power or right to take your own life or commit suicide whenever you want. Just like it is against the law of nature for you to end your life, it is also against the law of the government to end your life in Nigeria because as a Nigerian citizen, your life belongs to the government.

Safe to say that you are not the owner of your life, you are just the custodian, the government of Nigeria owns it and you should be accountable or held accountable for your life. 

That is why you have been given the constitutional right to life. This is the first provision of chapter 4 of the constitution which provides for Fundamental Human Rights every individual enjoys as a citizen of Nigeria;

S.33. 1. Every person has a right to life, and no one shall be deprived intentionally of his life, save in execution of the sentence of a court in respect of a criminal offence of which he has been found guilty in Nigeria.

By this purport, no one has the right to suicide despite the circumstance or situation: (Suicide, simply put is death caused by injuring oneself with the intent to die. A suicide attempt is when someone harms themselves with any intent to end their life, but they do not die as a result of it).

Just as no other person has the right or power to take your life illegally or they will be prosecuted for murder or manslaughter so also, you as an individual do not have the right or power or take your own life, an attempt to do that will constitute an offense.

You are categorically not permitted to take your life or end your life by yourself under any circumstance despite the situation. If you ever try to commit suicide you have committed an offense punishable under section 327 of the criminal code act which provides;

S 327 Any person who attempts to kill himself is guilty of a misdemeanor and is liable to imprisonment for one year.

It is only nature and the government that has the power to take or end your life. Nature has taken your life when you die of natural consequences and the government can end your life in the execution of a judgment as a punishment for the crime (usually capital offense) committed by you.

Next time before posting online or threatening to commit suicide, remember that any attempt to suicide already makes you a criminal and you can be arrested and prosecuted for it and the punishment for it is a one-year jail term.

In all sincerity, I am not insensitive or trying to downplay the daily struggles individuals face that warrant them to resort to suicide as a way out but you need to stay alive because a wise man once said that once there’s life there is hope.

Say No To Suicide