The first academic program on “Igba-Boi: The Igbo Apprenticeship System” has been unveiled by Tekedia Institute. Check the academic curriculum. Program will run April 4 – May 28, 2022
Tekedia Institute has opened registration for “Igba-Boi: The Igbo Apprenticeship System”. The program is designed to run for 8 weeks, and is structured to prepare learners on the mechanics of the Igbo business worldview philosophy of entrepreneurial stakeholder capitalism where everyone rises, and not just a few. The program includes pre-recorded videos, written materials, cases, etc.
Click and check the full curriculum. It will begin April 4 to end May 28, 2022. The cost is $100 or N45,000. Register here.
Upon graduation, we will award Tekedia Institute Advanced Diploma in Igba-Boi: The Igbo Apprenticeship System.
“The Igbos in Africa have been practicing for centuries what is today known as stakeholder capitalism”, we wrote in Harvard Business Review. In Tekedia Institute, we recognize that as the Umunneoma Economics (economics which works for all) and it looks more promising than Adam Smith Economics. This program will provide the tools, processes and elements necessary to not just understand Igba-Boi, but practice it in markets, in modernized ways.
Welcome to Tekedia Institute.We run an amazing business school which has attracted professionals and students from 39 countries. Our Faculty members come from Microsoft, Shell, Flutterwave, Nigerian Breweries, Jobberman, Coca Cola, and other great organizations. Thrice weekly, I personally coordinate live Zoom sessions on the mechanics of business systems. We bring our Faculty and Guests on those sessions, covering industries and business domains. REGISTER today and join us! – Prof Ndubuisi Ekekwe, Lead Faculty.
Invent, innovate and drive organizational transformation, performance, and growth. Capture emerging opportunities in changing markets while optimizing innovation and profitability. Digitally evolve your business or functional area, turning digital disruption into a competitive capability and advantage. Master the concepts of building category-king companies, and thrive.
Registration for the 7th edition of Tekedia Mini-MBA (Feb 7 – May 7, 2022) opens. Tekedia Mini-MBA, from Tekedia Institute, is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Our programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.
More so, the sector- and firm-agnostic management program comprises videos, flash cases, challenge assignments, labs, written materials, webinars, etc by a global faculty coordinated by Prof Ndubuisi Ekekwe. When we finish, we will issue a certificate from the Tekedia Institute, Boston USA.
Register and join us. You will emerge transformed with tools and capabilities that engineer confidence, performance and growth. Accelerate your leadership ascent with us! Here are our programs and costs.
Code
Description
Cost
MINI
Tekedia Mini-MBA. And WhatsApp School
US$170 or N120,000 naira
MINF
Annual Package: 3 consecutive MINI, and 2 optional capstones.
$340 or N180,000
MINR
(optional) Homework review; faculty will review your homework with feedback.
$30 or N10,000
CAPS
(optional) Tekedia capstone is a research paper, analogous to final college project.
Supply Chain Management, Global Partnership & Contracting – Adebayo Adeleke, ex-Chief of Contracting and Deputy Chief, Business Operations Division, US Army
Intellectual Property: Strategy, Management & Commercialization – Ifeanyi Okonkwo, University of Cape Town & Jackson, Etti & Edu
Business Relationship Management & Negotiation Skills - Charles Okeibunor, CEO IRMP
Due Diligence and Business Intelligence – Chike Obimma, Partner at NICCOM LLP (Commercial Law Firm)
Week 10: Leadership, Human Capital & Project Management
Leadership, Knowledge Management – Prof. Ayodeji Oyebola, Saint Mary’s University of Minnesota
Human Resources Management - Adora Ikwuemesi, Director Kendor Consulting
Leading and Managing Teams, Stakeholder Management with NICER Model – Dr. Chisom Ezeocha, Project Delivery Manager, Shell
Career Planning – Precious Ajoonu, Manager, Jobberman
Tax Treaties and Their Benefits - Emmanuel Eze, Manager, Federal Inland Revenue Service (FIRS)
Regional Case: Tax Law and Compliance in Lagos State - Abimbola Abdur-Rahman Lekki, Lagos Internal Revenue Service
Effective Product & Service Pricing, Accelerated Revenue, Profit Maximization - Saima Khan, Partner, Strategic Pricing Management Group, Toronto, Canada
Establishing Business Consulting & Advisory Services - Mustafa Yusuf-Adebola, Founder, Provisio Professional
Driving Profitable Growth, Marginal Cost, Scaling – Prof. Ndubuisi Ekekwe
Stimulating New Markets Through Innovation and Perception Demand – Prof Ndubuisi Ekekwe
Week 14: Startups, New Businesses, Products, Markets, Customers
The Mechanics of Minimum Viable Product and Product Development - Prof Ndubuisi Ekekwe
The NEP Framework – Discovering and Listening to Customers - - Prof Ndubuisi Ekekwe
Customer Validation and Building for What Customers Really Want. - - Prof Ndubuisi Ekekwe
Knowing and Defining Your Market - Prof Ndubuisi Ekekwe
Navigating Business Growth Phases - Prof Ndubuisi Ekekwe
ChatGPT, DALL-E 2 and Emerging AI Innovations: Business Opportunities in Africa - Zion Pibowei, Head of Data Science, Periculum Canada
How to Scale a Business/Startup - Jane Egerton-Idehen, Head of Sales Middle East & Africa at Meta (Facebook parent company)
Final Week: Execution and Closure
The Call to Business Execution, Closure – Prof Ndubuisi Ekekwe
Graduation Day – Prof Ndubuisi Ekekwe
Tekedia Live: Optional Zoom session which holds thrice per week (Tue, Thur, Sat at 7pm WAT). It is archived for those unable to make the session live. Our faculty members and invited guests rotate to anchor the sessions. Live provides a platform for members to ask questions and get live responses.
Access to any Facyber Certificate program for free. Facyber offers online cybersecurity programs on policy, technology, management, and forensics.
Capstone Program
Here are the 12 tracks:
CLSM: Certificate in Logistics and Supply Chain Management
CBIS: Certificate in Business Innovation, Growth & Sustainability
CMAB: Certificate in Media, Advertising & Branding
CSBM: Certificate in Startup and Small Business Management
CIBA: Certificate in Business Administration
CPFM: Certificate in Personal Finance & Wealth Management
CMSM: Certificate in Marketing and Sales Management
CDBG: Certificate in Digital Business Growth
CIAM: Certificate in Agribusiness Management
CHRM: Certificate in Human Resources Management
CETS: Certificate in Exponential Technologies and Singularity
CBPM: Certificate in Business Transformation & Project Management
The program is completely capstone-based. Tekedia capstone is a research paper or a case study exploring a topic, market, sector or a company. It is the project component of Tekedia Min-MBA.
Theme: Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies
Introduction
Over the last few decades, digital technology has emerged as a very critical element in organizational competitiveness. It has transformed industrial sectors and anchored new business architectures, redesigning markets and facilitating efficiency in the allocation and utilization of factors of production. The impacts have been consequential: continents like Africa are moving towards knowledge-based economic structures and information societies, comprising networks of individuals, firms and states that are linked electronically and in interdependent relationships. In this program, we will examine this redesign within the context of fixing market frictions and deploying growth business frameworks in a world of perception demand where meeting needs and expectations of customers are not enough.
Program Time: Feb 7– May 7, 2022
Venue & Format: Online via videos, articles, webinars, and flash cases. Program is self-paced which means you consume the materials at your own time and pace. It is completely online. Where you live or your time zone would not be an issue as program is not live-delivered.
Cost: US$140 (N50,000 naira). We have a payment plan, i.e. installment payment plan (email us for details)
Target Audience: This program is designed for professionals and students across functional areas like sales, marketing, technology, administration, legal, strategy, finance, etc across all business sectors and domains.
Learning Objectives: To innovate is to set a new basis of competition in an economy, business sector or market. Sometimes, it results in disruption. This program is designed for private (large, SMEs, startups, sole businesses), public and government institutions, and individuals. Participants will:
Master the mechanics of growth – the reward of innovation – through frameworks, cases and evolving strategies.
Understand how to undergo transformation journey that is fully aligned with corporate objectives through measurable and realizable benchmarks.
Acquire business capability tools that do not just RUN their firms but can TRANSFORM them.
Design corporate growth experiments in Lab sessions based on One Oasis Strategy, Aggregation Construct, Double Play Strategy, Accumulation of Capability Construct, and more.
ETC
Tekedia Live Sessions
We run optional three Live Zoom sessions (two weekdays and one Saturday). This provides a way for our members to ask our Faculty and experts live questions and get feedback.
Tekedia Mini-MBA certificate sample
Tekedia Diploma program certificate sample
Tekedia Capstone program certificate sample
Special Weeks
Tekedia runs two special annual programs – Tekedia Career Week (not designed for finding jobs but rather planning careers) and Tekedia Innovation Week for our members. Admission is that member must have attended a Tekedia Mini-MBA program in that year. The dates are announced in our program curriculum.
Our Career Week is not designed for finding jobs. Rather, it is structured to TRANSFORM workers, founders & professionals into business leaders and champions of innovation in their companies. The sub-theme is Nurturing Innovators: Career Planning & Resilience During Disruption. It is packaged under the Tekedia Mini-MBA theme of Innovation, Execution & Growth. Our knowledge experts for the Week include human resources experts and leaders from MNCs and startups, across industries and global regions:
Refund policy is full refund within 6 days from start of a program; after that, none but we can defer as requested.
Lead Faculty of Tekedia Institute
Prof Ndubuisi Ekekwe is the Lead Faculty of Tekedia Institute
PhD, Electrical & Computer Engineering, Johns Hopkins University, USA
MBA, University of Calabar, Nigeria
BEng Electrical & Electronics Engineering ( Federal University of Technology, Owerri, Nigeria)
Prof Ndubuisi Ekekwe invented and patented a robotic system which the United States Government acquired assignee rights. Dr Ekekwe holds two doctoral and four master’s degrees including a PhD in engineering from the Johns Hopkins University, USA. He earned undergraduate degree from FUT Owerri where he graduated as his class best student. While in Analog Devices Corp, he co-designed an accelerometer for the iPhone. A recipient of IGI Global “Book of the Year” award, a TED Fellow, IBM Global Entrepreneur and World Economic Forum Young Global Leader, Prof. Ekekwe has held professorships in Carnegie Mellon University and Babcock University, and served in the United States National Science Foundation Committee.
The South African press called him “a doctor of innovation” for helping organizations on the mechanics of business innovation, strategy, and growth. Since 2009, the Chairman of Fasmicro Group which controls many startups and entities has been writing in the Harvard Business Review. He was recognized by The Guardian as one of 60 Nigerians Making “Nigerian Live Matter” on Nigeria’s 60th Independence Day (Oct 1, 2020).
Selected Faculty & Testimonials
We have more than 85 Faculty members; see the full list here. For selected testimonials on our program, click here.
ebook Free for early registrantsFree for early registrants
I read an article a few days ago on LinkedIn suggesting that Nigeria needs a ‘price control policy’.
The post postulated that FGN need to ‘ to set minimums and maximums for the prices of goods and services in order to make them more affordable for consumers’.
A reference was made to California State law, (US) which limits the price raising to 10% after the market has been impacted by crisis phenomenon.
The law is intended to prevent ‘price gouging’ which creates inflation, reducing the purchasing power of the masses, and then leads to poor people getting poorer.
The question is, would it work? I’m thinking, with a few provisos and caveats that I am leaning in the direction of ‘NO’.
One of the reasons is the profound difference between doing business in California and Nigeria
Ease of Doing Business Index
The Ease of Doing Business Index was operated by The World Bank. Even if an investor has never done business in a country, the index provides a headline estimation of challenges, difficulties and risks (obstacles to profitability) condensed to a rating out of one hundred (x/100).
It’s changed its methodology multiple times. Iterative methodology regimes are signified by ‘DB’ followed by a year abbreviation… so DB10 started in 2010, DB15 in 2015 and DB17 in 2017.
The overall trend across successive methodologies has been to ‘mark upwards’, so it is dangerous to pick a particular country and celebrate how its index has improved between 2010 and 2017 as the results involve being measured by very different ‘yardsticks’.
What has been more credibly retained across methodology evolution, is the RELATIVE EDB rating between different global geos.
World bank notice on its EDB service suspension
World Bank suspended its ‘Ease to Do Business’ reports following some methodology inconsistency discoveries in 2020. 2021 reports were not published. A statement on their website suggests they have completed a process in which ‘historical data up to Doing Business 2020, (were) revised to correct data irregularities’
They are currently working on a new framework called Business Enabling Environment (BBE), which is yet to be launched.
Nevertheless, they are still the defacto reference point for macro data like this.
Nigeria rarely, if ever, gets out of the bottom 10 in EDB ratings. The system does not provide ratings for different internal states, but does provide for some metropolis. The Lagos rating is only 56.5 against a Los Angeles rating of 82.2 and a Pan-US rating of 84. By comparison, war torn Yemen is 38.4. (2020).
To approximate, the gulf of business amenability between California and Nigeria is comparable to a preference for Nigeria over Yemen!
In a country where draconian import bans, killer herdsmen inhibiting backward integration and other supply chain challenges inhibit regularizing both cost of production and cost of sales, unregulated pricing is probably one of very few tools left to stop many businesses running at a loss.
Governance Inefficiency
There are three types of Governance in Nigeria.
The first is the duly elected representatives both at state and federal level; The Presidency; State Governors, The two houses; and then the civil and military institutions over which they preside.. army, navy, air-force, police, immigration, customs, civil departments … the list goes on.
The second type are Nigeria’s various traditional structures, with different leadership titles depending on the tribal culture. There are titles such as Emir, Igwe, Oba, Oniru, and Sultan depending on what part of Nigeria.
With the advent of colonial rule, traditional leadership structures became fractured and with the gaining of independence, a very fudged version of constitutional monarchy completely lacking any form of federal uniformity emerged.
A myriad of mini-dynasties sprawled the land, each with their own powers of granting non-hereditary honours for notable ‘acts of service’ or from achieving esteemed notoriety in ‘far away lands’.
The third form of Governance is the unregulated governance structures.
This covers a wide range from terrorist organisations to self determination groups, bandit organisations, agbero and local ‘area boys’. They developed either out of control gaps in the other forms of Governance in certain parts of Nigeria, or, because of disaffection with their performance. In some cases they become introduced under funding of foreign actors. From time to time, reports appear in media alleging links and tacit approval from elements within the previously mentioned formal structures. Some of the actors appear to have religious objectives.
But, recall this passage from my New Years’ article on ’11 predictions of the decade’:
‘While a religion is often a significant generator of armed conflict both in the past and in the present, the two principal causes of human warfare are in fact culture and greed for territory, resources or power’ – Meic Pearse – Author of: ‘Why the Rest Hates the West: Understanding the Roots of Global Rage’
This ‘third sector’ Governance however has predictable ‘civil authority’ hallmarks, such as the imposition of standardized behaviours by ‘control’; (varied levels of) restrictions on personal and autonomous freedoms, extracting income from subjects (taxes) without providing any free market type product or service; and lack of consumer choice or the means to opt out!
Corruption
I don’t like using the C word. It exists. It will always exist. Anywhere in the world it has always, does now, and will always exist. I try not to get involved in too many discussions about it.
The main reason is that the ‘go to’ topic is a sort of dismissive and resigned hopelessness, and I prefer a position that acknowledges the potential for ways forward.
Ultimately it matters less that it exists, and more that ‘continual improvement’ can happen in spite of it.
Theft, for instance, is a form of societal corruption. Modern trade and retail outlets don’t ‘break their brains’ trying to achieve zero theft. They just find a way of factoring it in as a cost of sales, as long as it doesn’t impact sales volume and hurt profit.
What matters is not achieving squeaky clean Governance. What matters is that Governance profits its people.
Irrespective of the nature of Governance, the reality is the overall collective cost of it in Nigeria is too high, and some serious slashes need to be made collectively across the sector to align its cost meaningfully against GDP.
Nigeria currently has the highest average percentage of household expenditure on food in the world (58.9%), with the US (8.6%) being the lowest.
Reduction in the cost of food as a percentage of household income, not only improves quality of life, but it also stimulates the business intellect in the economy, by freeing up extra disposable income to be spent on individuals, improving their value prospect in the job market, contract or entrepreneurial space.
The reality is nobody in Nigeria would complain of ‘corruption’ if Governance was delivering an economy in which food only accounted for 8.6% of the income of households among ‘the masses’.
A ‘price control policy’ will not work, as driving food producers bankrupt would translate a market with foodstuff price challenges, to a market with no foodstuffs at all.
The only area which holds some flexibility is an assault on the cost of Governance as a proportion of GDP, which in turn would bring flexibility to reduce various taxations, generating more demand in the free job market and other improvements.
Please visit my site www.johnmckeown.eu
URLs and online content were referenced between February 12 and 15 2022
I understand that many people will be focusing on the Abba Kyari guy and his antics in the nation. But I want to use this moment to commend and thank the men and women of the National Drug Law Enforcement Agency (NDLEA). Let us focus and see hope through such corridors and not dwell on Abba Kyari. To the boss of NDLEA, Brig. Gen. Mohammed Buba Marwa (rtd), and his men and women, well done. Let me hope that the nation sees a turning point, going forward, where even the powerful cannot be protected.
Today, we are forced to declare one of such law enforcement agents wanted in the person of suspended DCP Abba Kyari, the erstwhile Commander of Intelligence Response Team (IRT) at the Force Intelligence Bureau of the Nigerian Police Force.
With the intelligence at our disposal, the Agency believes strongly that DCP Kyari is a member of a drug cartel that operates the Brazil-Ethiopia-Nigeria illicit drug pipeline, and he needs to answer questions that crop up in an ongoing drug case in which he is the principal actor. His failure to cooperate forced the hand of the Agency and that is the reason for this press briefing.
Let me give a synopsis of what transpired.
The saga started on Friday, January 21, 2022, when DCP Kyari initiated a call to one of the NDLEA officers in Abuja at 2:12 pm. When the officer returned the call two minutes later, Kyari informed him he was coming to see him, to discuss an operational matter after the Juma’at service.
As many have noted, most of the challenges in Nigeria are not done by ghosts. The problem has been one thing: who has the gut power to go after them. If we follow the spirit of NDLEA, from banditry to many other evils, this nation will release fresh air for all. Well done NDLEA.
The video in this Tekedia piece will push you to tears on what a man (allegedly) did to his nation even when in a uniform.
It is easier for Mrs Kalu Fashion Universal to increase the price of a hair wig by 10% than for Mrs Kalu to add an extra 5%. The former is a company while the latter is a person.
T Adamu Autos (with a business bank account) will easily collect $400 than T Adamu (the person) going for $350 before most clients. Institutionalize your trade by operating under a company. Sell that wig on Facebook as a company, not as a person!
Comment 1: Our market is quite asymmetric, the same way being a company can help you command bigger fees, it can also cause you losing many deals as well.
It’s the buyers’ market, not producers, the people paying have more options and leverages than those selling, except you are offering uncommon services. The profile of the client matters more than what you may believe to be the standard.
A company can quote N150k (plus VAT) as cost of building a standard website, a standalone developer can jump out and quote N50k (freestyle), before you know what’s going on, the job is gone.
There’s no price control or standard procedures in our market system, so the same thing that could increase your fees can also limit your opportunities. At B2B level, it’s more tenable, but again, we do not have many businesses here yet, rather individuals starting a business, the price sensitivity in both instances is quite different.
The market space here remains a betting scene, with hits and misses changing hands all the time.
My Response: Everything has pros and cons but operating as a company offers overwhelming advantages. Someone can say taking medication as prescribed by a doctor has a disadvantage since you have to spend money to buy it . But that does not make it better. Most government benefits go to companies. While we always look at tax and fees, when the government has something, the goodies also go to companies.
