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Tekedia Mini-MBA Edition 4

By
Ndubuisi Ekekwe
-
3

This registration has closed. Please join the next edition here.

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 4th edition of Tekedia Mini-MBA (Feb 8 – May 3, 2021) continues. 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 dedicated learning management system, school.tekedia.com, is where you will take your classes.
  • Our “Facebook for Innovators” is live hub.tekedia.com . The Android version is coming once Google approves. It will enable our members to collaborate more effectively.

More so, it is a sector- and firm-agnostic management program comprising 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 and have access to speak with me on your career and professional development! Here are our programs and costs.

Code Program
MINI Tekedia Mini-MBA costs US$140 (N50,000 naira) per person.
MINR Add extra (optional) $30 or N10,000 if you want us to review and provide feedback on your labs.
MINF Annual Package (includes 3 editions of MINI and optional 2 certificate courses): $280 or N100,000.
CERT: Add extra (optional) $60 or N20,000 for each capstone-based Certificate specialty course. You must have attended, begun, or about attending Tekedia Mini-MBA to qualify. The following Certificate tracks are available:

The Certificate program is completely capstone-based. Tekedia capstone is a research paper or a case study exploring a topic, market, sector or a company. Tekedia Institute supervises the work.

How To Register

After payment, email tekedia@fasmicro.com with participant’s name and code or program paid for, to complete the registration.

Registration Benefits

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Video presents overview of Tekedia mini-MBA.

Tekedia CaseWorks

Tekedia has produced and still produces case studies, concept notes & investment briefs, exclusive to Tekedia Mini-MBA members. Visit Tekedia CaseWorks for some of the companies and brands.

Tekedia Mini-MBA Syllabus

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: nations like Nigeria 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 8 – May 3, 2021

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. You will have something to complete within 7 days. You decide when you do that within the window. 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)

Program Structure: The program structure is presented below.

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Target Audience: This program is designed for professionals 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. Most times, it results to disruption. This program is designed for private (large, SMEs, startups) and public institutions. 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 Advanced Diploma Programs – Immediate Access Upon Payment

Each track of Tekedia Advanced Diploma programs runs for 8 weeks (2 months). A track has no Live Zoom session, and it is completely self-paced and online. Upon payment, you have immediate access to start learning. The program includes class notes, flash cases and videos, but no webinar.  Each track costs $100 or N36,000 naira per participant. The tracks and curriculum are presented below.

DLSM Advanced Diploma in Logistics & Supply Chain Management
DBIS Advanced Diploma in Business Innovation, Growth & Sustainability
DBPM Advanced Diploma in Project Management
DIRM Advanced Diploma in Risk Management
DIBA Advanced Diploma in Business Administration
DIDT Advanced Diploma in Innovation & Design Thinking
DIAT Advanced Diploma in Accounting, Auditing, Forensics & Taxation

Part A – General for All Tracks

In the first 4 weeks, all the tracks take the same courses.

 Week Part A – Common to All Tracks
1 Innovation & Growth:

Growth and Innovation of Firms

Digital Transformation, Innovation & Strategy
2 Business Systems & Processes:

Grand Playbook of Business & Entrepreneurial Pursuit

Process Improvement and Operations Management
3 Business Model & Transformation:

Modern Business Models and Growth Execution

Effective Organizational Change Management
4 Design and Innovation Lessons:

Innovation Lessons (5in5, Global, Africa)

Product Design and Packaging

The electives for the tracks are presented on this slider-table.

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.

Sample certificate to be issued to co-learners

Capstone-Based Certificate Program

Tekedia capstone is a research paper or a case study exploring a topic, market, sector or a company. You will pick a topic which the Institute will approve. Then you will go and execute that project. Think of this as a final year student product in a university. We expect it to last a maximum of 3 months. The member will submit a report at the end of the capstone. For someone who wants to start a business, you may choose a topic to do market study in that sector. You design a questionnaire and execute your study. Essentially, the essence of this is to apply what you have learnt in the Mini-MBA to produce a practical business document.

You must have attended, begun or about attending Tekedia Mini-MBA to qualify to register. Each certificate course costs $60 or N20,000 as noted above where the Certificate tracks were listed.

Sample certificate awarded for a Certificate program

 

Tekedia Mini-MBA Adds Session Labs for Blockchain, Cryptocurrency, Decentralized Finance & Cybersecurity

Amazon AWS Credit to Innovators

Tekedia Mini-MBA is a quasi startup accelerator, extending the school core innovate & grow mindset to support innovators. That means, innovators and companies can have access to resources which our Fund provides. If you are in our program, and need support, we will help. We have credits  to support founders and companies in Tekedia Mini-MBA who are bootstrapping or have raised small money. Then, as you grow, we will offer you more credits.

Tekedia Now Offers Amazon AWS Credit To Innovators In Mini-MBA

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. For the last edition, click here.

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:

Other Tekedia Mini-MBA Programs

  • Tekedia CollegeBoost  is a version of the Advanced Diploma in Business Administration for colleges and schools.
  • Tekedia Mini-MBA for Corporates is a customized version of the general Tekedia Mini-MBA for companies.
  • Tekedia Mini-MBA for Governments is a customized version of the general Tekedia Mini-MBA for governments, government agencies and related public institutions. 
  • Tekedia Live (GMP and AMP) Training: The General Management Program (GMP) and the Advanced Management Program (AMP) are live (i.e. real time) virtual programs which are delivered by our experts.
For more details about these programs, click here. For institutions, if you need a brochure, email us for one.

Our Contact Email

tekedia@fasmicro.com

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.

Testimonial from Soulmate Industries Ltd

 

ebook Free for early registrants
Free for early registrants

 

You get discount coupon to this book

 

The Banker Explains Why Nigerian SMEs Struggle To Get Affordable Loans

By
Ndubuisi Ekekwe
-
1

Ebenezer Onyeagwu, the GMD of Zenith Bank Plc, in an interview with Arise TV, explained why small and medium scale enterprises struggle to get low interest loans in Nigeria. I have noted already that Nigerian banks cannot easily lend in single digits due to many factors. Those factors include that the central bank “lends” to them at about 11%, and they have to insure the funds, and by the time they add cost of operation & compliance, with small profit, anything less than 17% may not be possible.

See it this way: the Central Bank of Nigeria (CBN) lends at close to 11% to banks and NDIC, the deposit insurance regulator, asks banks to insure (put another 2%). If you add banking operations costs and need to make small money, no bank can lend below 17% annually in Nigeria.

But some nations lend to their banks at 0.25%: “In December 2020, the Federal Reserve maintained its target for the federal funds rate at a range of 0% to 0.25%.” This cheap money makes it possible for U.S. banks to give cheap loans to their SMEs. Yes, you can get a business loan at 6% or even lower.

But in Nigeria, starting at 11% made it impossible for banks to match that.  Because they have to move above 17%, it creates a vicious circle which makes things harder. See it this way – at that 17%, most SMEs cannot return whatever banks have given them, setting the banks up for losses. Simply, there are few businesses in Nigeria where you can make profits when your cost of capital is 17% before taxes to repay your loans.

According to Mr. Onyeagwu, “if you look at the numbers, you will see that these regulatory costs account for a whopping 28 percent of our overhead.” Yet, it is not only Nigerian banks which are regulated; American banks are regulated and yet they can lend at sub-6%. The most fundamental thing here is the prime rate which in the US tends towards zero while in Nigeria hovers around 11%. Read the full interview here.

Arise TV: So, how can we get interest rates on loans down to single-digit?

Ebenezer Onyeagwu: First of all, if you are looking at interest rate, you have to look at it in terms of the theoretical framework and issues around money supply, demand for money, issues around government borrowing and the fiscal deficits. So, when you put all that together, you will see that you cannot have a situation where you decree interest rate by fiat. Interest rates would always be set by the dynamics and realities in the market. In this case, if you are looking at interest rate in Nigeria, you have to index it to the risk-free rate. One-year risk-free rate in Nigeria is like 10 per cent. So, it will be difficult to have single-digit rate in Nigeria. However, the Central Bank of Nigeria has come up with a number of laudable initiatives to support single-digit lending.

We have intervention funds such as the Creative Industry Financing Initiative, where banks in the country provide long-term single-digit funding for entrepreneurs who are in cinema, movie, ICT and fashion designing. We also have what is called the Agri-Business/Small and Medium Enterprise Investment Scheme. It is also a pool of fund available for businesses in that space. You can as well access these loans. Apart from these ones, the CBN also have different intervention schemes such as the Anchor Borrowers Scheme, the Commercial Agricultural Credit Scheme and others, and all these loans are single-digit and they provide long-term financing. The big problem we have is that when you see an SME approaching you for loan, the SME may not have a track record; he walks up to you and tells you that he needs a single-digit loan and needs N20 million.

But I can’t give you N20 million without looking where you are coming from. So, we cannot decree interest rate by fiat. But the regulators have done a good work by providing funding schemes and whoever is eligible would get such single-digit long term loans once they meet the criteria. So, the funding is there, but the SMEs when they approach the banks don’t often meet the eligibility criteria.

Yet, you cannot ask the Central Bank of Nigeria (CBN) to drop its rate to 1% without thinking of inflationary pressures in the economy. The apex bank at the end has to pick a lesser evil – and today, it is that SMEs cannot get cheap loans. If you want them to get loans at 6%, you may end up messing up the economy. This happens because of the structural nature of our economy. Yes, CBN cannot just wake up and tell banks, from today, you need to lend at 6% because it cannot!

The MTN Nigeria’s Record N1.346 trillion Turnover

By
Ndubuisi Ekekwe
-
1

Covid-19 broke industrial sectors, but some sectors, despite the paralysis, captured huge financial values. With people constrained in their homes, talking and using the web became  the few options to keep the hours going: “Adoption of our data and digital services accelerated as lockdowns and gathering restrictions were imposed, and work-from-home became the norm for many”, noted MTN.

Yes, the telecommunication sector, across the world, saw growth, accelerated by Covid-influenced intervention programs. So, it is not surprising that MTN Nigeria is reporting a record number – a turnover of N1.346 trillion for the financial year 2020! In other words, MTN Nigeria is the largest publicly traded company by revenue in Nigeria. If you have not run the math, that is about 10% of Nigeria’s national budget as turnover!

But earnings were restrained by a rise in direct network operating costs by more than a quarter from N246.604 billion to N310.248 billion, and in discounts and commissions by over one fifth from N56.586 billion to N68.528 billion.

An 18 per cent rise in MTNN finance costs, which represents the cash it spends on interest on short-term loans, from N122.080 billion to N143.687 billion also capped earnings.

Pre-tax profit came to N298.874 billion, up from the N291.277 billion reported for the corresponding period of 2019, according to the telco’s financial statement published by the Nigerian Stock Exchange.

Profit for the year inched up 1 per cent from N203.283 billion to N205.214 billion.

Shareholders fund upped from N145.857 billion to N178.386 billion at the rate of 22 per cent. MTNN shares closed trade on the floor of the NSE on Monday at N174 per unit, posting no movement.

Yes, a South Africa’s DNA’d company is helping us to understand that wealth abounds in Nigeria. Congrats to the home of Y’ello.

The World’s Greatest Invention – And Why Nigeria Needs It.

By
Ndubuisi Ekekwe
-
1
Nigeria leaders

Markets cannot advance faster than the legal ordinance in economies. The foundation of all modern economies can be traced to property rights. If you check the gross world product (GWP) – aggregate GDPs of all nations – you will notice that for more than 1,400 years, from AD 1, the GWP was flat, meaning that per capita income was decelerating, across generations, implying that man/woman was getting poorer. 

But around the birth of America, something happened: legal ordinance was put into market systems through property rights. And just like that, the linear GWP began to grow exponentially. In a publication in Harvard, I noted that until nations advance the legal ordinance, by strengthening property rights – intellectual or  otherwise – they will remain largely poor.

The cement for factors of production is legal ordinance. Nigeria will not advance faster than the strength of its property rights. When a cow eats a farmer’s crops, and there is no consequence, Nigeria gets poorer. When a man steals the ideas of his neighbour and there is no consequence, Nigeria misses a pulse. You may think that it does not matter. It does, because the safest abode for capital is an economy, run within a strong rule of law. If you do not have that safe legal destination, capital will disinvite itself! 

Nigeria needs to fix the fundamental things about the nation. Yes, we need to go intellectual. If we do, we will notice one factor: you cannot leapfrog the strength of your legal systems, as you advance as a nation! If you do not know, know it now that the invention of intellectual property rights is the biggest invention in human history.  The ordinance of markets lives on a great legal system – and the biggest magnet for capital is that legal system. As the high priest to the IPRs, the legal system makes markets function and runs. That is the law for economic development.

Intellectual property rights are legal rights that provide creators protection for original works, inventions, or the appearance of products, artistic works, scientific developments, and so on. There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets

Ebenezer Soola, Retired UI Don, and His Last Message to Academic community, Nigerian Society

By
Mutiu Iyanda
-
0

As people and organisations across the world continue appreciating a life well spent of Professor Ebenezer Oludayo Soola, who died on February 27, 2021, our analyst examines his last message to the academic community and Nigerian society.  Professor Soola was a retired Professor of development communication at the Department of Communication and Language Arts, University of Ibadan.

Our analyst discovered, according to available information from the Google Scholar, that the erudite African scholar of development communication investigated and published an article on “Women’s mass media exposure and maternal health awareness in Ota.” After analysing the issues around maternal health awareness in the research setting, Professor Soola and other colleagues note that “the goal of increasing the level of maternal health awareness needs to be matched with action thereby influencing the adoption of intervention measures aimed at reducing the rate of maternal mortality to the barest minimum.”

With this message and the consideration of Ogun State as the research setting, our analyst notes that Professor Soola eventually gave back to his immediate community. According to an online medium, “he was born in 1946 in Egba-Obafemi/Owode Local Government Area of Ogun State. After his primary and post-primary studies, he was admitted to the University of Ife now Obafemi Awolowo University OAU in 1970, where he read and obtained an Honours Bachelor’s degree in English.

He later proceeded to Brooklyn College City University of New York in the United States of America, where he obtained a Master’s degree in Broadcast Communication. On returning to Nigeria, he crowned his academic laurels with a PhD from the prestigious University of Ibadan. Soola who joined the University of Ibadan in 1984 became a professor in 2010. He served the University of Ibadan in various capacities. He successfully supervised several PhD theses at the University of Ibadan and other notable universities. He also served the National Universities Commission, NUC, as a member and chairman of accreditation panels to a number of universities.”

“He was a distinguished scholar and, undoubtedly, a renowned development communication scholar with experience of development in virtually all the local government areas in Nigeria. Soola taught so many professors, scholars, and other professionals of communication, mass communication and so on. Sunday Adepoju, one of his former students at the University of Ibadan says.

Another student, John Olufemi Atoyebi, who is a renowned professional in Nigeria says “Sad. May God grant him good rest. He taught me between 90 and 95 and later 98. Such a great man. Gentle as a dove.”

To immortalize his names and works in the academic community and African society, his academic sons and daughters had in three occasions organised international conference on communication, exploring different phases of development communication within indigenous and western perspectives. In 2013, the theme of the conference was “Harnessing the New Media of Communication for Sustainable Human Development.”

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