DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 5210

Open your playbook, and move beyond tactics. Win with a better strategy.

By
Ndubuisi Ekekwe
-
0

“to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.” Amazon Vision Statement

Good People, do not confuse Tactic for Strategy. As I tell ecommerce entrepreneurs, do not see online shopping as a strategy; it should be nothing but a tactic. Your overriding vision is for people to buy from you. And if you have that flexible mindset, the moment will come.

Amazon is seen by many as an e-commerce company. That is wrong: Amazon is a consumer-centric provider of services which began as an ecommerce company but has morphed into new domains. For Amazon, the mission is servicing customers, and it is largely agnostic of the domain where that is done, provided it can do so cost-efficiently.

Yes, for Amazon to win online, it has to excel on logistics which interestingly is an offline component. That means, Amazon is not just making a better website: it is fixing huge frictions from logistics to customer experiences. As it does those things, it wins more territories as more customers become fans.

Open your playbook, and move beyond tactics. Win with a better strategy.

Co-Founder Of Andela, Iyinoluwa Aboyeji Developing “Talent City” To Revolutionize Tech Community In Lagos

By
Ojukwu Emmanuel
-
0

Nigerian entrepreneur and co-founder of Andela, Iyinoluwa Aboyeji is currently developing a tech city which is called “Talent city”, a place that many Nigerians have compared to silicon valley. According to him, talent city is an innovative community designed and built for the future of work, where remote work-friendly policies, co-living, speedy internet, and reliable infrastructure seamlessly integrate with unrivaled digital knowledge.

Talent city is said to be built upon three pillars, which are; robust technology, quality infrastructure, and digital governance. The city is built to create an ideal work environment and community. It is backed by Pronomos, Charter Cities Institute, Ventures Platform, and Lofty Inc. Following its inauguration at Alaro City, Lagos, it has the ambition to roll out additional model cities in Africa.

According to the founder Iyinoluwa, in his words; “We are thrilled to announce our first talent city location in Lagos. Along with our partners, we have acquired a 72,000 sqm plot in Alaro city, Lagos new city in the Lekki free zone. Our prototype city will be home to 1,000 residents and 2,500 remote workers, featuring a central co-working campus along with a variety of housing options designed for a flexible remote-friendly lifestyle of the future. We are pleased to welcome the innovation and innovators of Talent city to Alaro city, where they will find an equal partner in antialiasing talent city’s revolutionary ambitions in the technology ecosystem”.

This is indeed a laudable project from Iyin for deeming it fit to give not just Nigeria but Africa its own “silicon valley”. Just like in Silicon Valley which is known to be home to many start-ups and global technology companies such as Apple, Facebook, Google, and others.

With the development of Talent city in Nigeria, it is imperative to say that in no distant time Africa will be home to many global technology companies that will transform the tech ecosystem. The establishment of the talent city will lead to the creation of thousands of jobs and attract talents that will drive Africa’s technology, innovation, and digital economy forward. It will also boost the economy of the country as it will attract foreign investors.

The talent city is designed for remote work and built for the niche of tech entrepreneurs and professionals. It will also provide infrastructure for techs such as constant power and high-speed internet, favorable policies that enable innovation, and a like-minded community of people who live and work in proximity with each other.

It might interest you to know that talent city is built to scale across Africa. With its establishment in Lagos, the state continues to be a preferred location for most start-ups. A majority of the city’s most prominent start-ups are in Fintech. The growth of the tech sector in Lagos almost feels inevitable, a natural extension of just how much the city draws everything into its orbit. The state is currently the leading city for start-ups in Africa in 2021 according to statistics.

Many cities, including Lagos, are looking to replicate Silicon Valley’s magic formula and become the tech start-up hub of the future. Lagos remains the underdog, for now.

Tekedia Capital Invests in Edekee

By
Ndubuisi Ekekwe
-
0

Tekedia Capital Syndicate has invested in this amazing company. We took a very significant position. We’re proud of the United States patent-pending technology the young innovators in Lagos have developed.  Edekee is a category-king. We bought all available shares in the pre-seed. If you are a Tekedia Capital syndicate member, connect with Nnamdi Odumody, Edekee team wants to showcase amazing things before the upcoming launch.

Also, we will have a special Demo Day next week. This company processes N4 billion transactions per month in Nigeria and is one of the fastest growing companies in Africa. We made friends with the company when it was processing N5 million a month (you can see how early we go in). It would be joined by another one, already a portfolio firm, which since it launched in Sept 2021, has processed $11 million GTV.

I invite you to check out Tekedia Capital and why the best startups come to us. We offer more than money. We make them better because we understand business with global connections. Join Tekedia Capital today  and co-own Africa’s empires of the future.

This is Edekee, one of the 7 seven startups currently raising funds in Tekedia Capital Syndicate. It is a very amazing company when you see what young people in Nigeria have built. They brought a fusion of computer vision, calculus, and series (yes, all the nice mathematics) with top-grade machine learning to produce something amazing. I am so honoured to have been a technical and business mentor to these young people in their US-patent (pending) technology.

ASUU Strike Is Destroying Nigeria’s Future

By
Ndubuisi Ekekwe
-
1
FILE PHOTO: (L-R) Solomon Islands Prime Minister Manasseh Sogavare, Solomon Islands Foreign Minister Jeremiah Manele, Chinese Premier Li Keqiang and Chinese State Councillor and Foreign Minister Wang Yi attend a signing ceremony at the Great Hall of the People in Beijing, China October 9, 2019. REUTERS/Thomas Peter/File Photo

Nigeria: do not normalize that your universities have been on strike for weeks now. I mean, knowledge creation, assimilation and application, are things we ought NOT to play with. How can a nation function when its universities are always striking?

In my alma mater, Johns Hopkins University, they have some experiments in the medical school which have been running for more than 46 years. Through those experiments, they engineer miracles, in operating rooms and doctor’s offices.

But if Nigeria cannot even open its universities, what is the FUTURE? It is very unfortunate since there is no end we can count according to the Labour minister.

He said, “It depends on ASUU. The ball is in their court. They should go and meet the Benimi Briggs Committee and look at what the committee is doing and make further inputs so that the work can be accelerated.

“ASUU has to come down from their high horse. You cannot go and start intimidating people in NITDA and threatening the Minister of Digital Economy and Communication with revocation of his professorship that he is a fake professor. You go to ABU and say you are going to withdraw the certificate of the director of NITDA. That’s bullying. It is not allowed in the labour negotiations.’’

He said he is worried by the incessant strikes in public universities in Nigeria, stressing that “he has not slept” in a bid to see that the schools are reopened.

While recalling on the lecturers’ union incessant industrial actions in the last 2 decades, the former federal lawmaker said, ‘’The ASUU issue is a recurring decimal. It is a very sad situation. I am a product of the public school.’’

The Importance Of Feedback In The Workplace

By
Ojukwu Emmanuel
-
0

The importance of feedback in the workplace cannot be overemphasized as it is known to increase staff morale. A workplace needs feedback to succeed and thrive. One great thing that feedback does is that it helps employees to know more about themselves and their behavior. It also increases their self-awareness and encourages personal development.

One important thing to note is that feedback doesn’t have to always be positive, it also can be negative. Although, when giving negative feedback, one has to be very constructive so that it won’t sound derogatory and offensive. Negative feedback comprises areas where one is not doing great which calls for improvement.

Giving negative feedback can be sometimes difficult because humans tend to internalize criticism much more than positive remarks. So, when giving negative feedback, one should first commend an individual on areas where he or she has done well before they go-ahead to talk about the areas that need improvement.

In the workplace, constructive feedback is one of the best things employers can give to their employees because when it is delivered effectively, it can reinforce positive behavior, create a strong work culture, and enable employees to correct negative performance in the workplace.

One important thing to note about giving feedback in the workplace is that it should be done regularly because by doing so, an employer develops a great way to rapport with the team. Also, feedback should be given immediately after an event or incident. An employer should not delay in giving feedback because it is usually effective when the incident or behavior is still fresh.

The manager must note that they should abstain from using negative phrases when giving feedback because doing so often causes an employee to ignore and disregard the feedback. Managers must always try to use encouraging words when giving employees feedback because they will always see the need to improve.

Employees need to receive feedback about how they are performing so that they will know where to improve. When employees improve based on feedback received, it brings about improved productivity in the workplace.

According to Harvard Business Review, 72% of people feel their performance would improve if their managers provided corrective feedback. Another survey suggests that 57% of people prefer corrective feedback to purely praise and recognition. Looking at the aforementioned surveys, it therefore shows that a large percentage of employees do not mind receiving negative feedback, as a lot of them want to succeed in their workplace.

Also, on the other hand, positive feedback gives them a sense of purpose because naturally, humans love to be appreciated for their efforts. Constant feedback improves employees engagement because a study showed that 4 in 10 workers are actively disengaged when they receive little or no feedback. That is to say no matter how silent most employees are on feedback, a large number of them crave it.

Final Thoughts

It is therefore important for employers to ensure that they give regular feedback in the workplace because feedback is a tool that can help employees evaluate themselves and their work. While employees need to receive feedback, it’s also essential for leaders who believe in growth to ask for an evaluation, to set an example, and be an inspiration for them.

1...5,2095,2105,211...7,980Page 5,210 of 7,980

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy