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CTD 2020 Keynote – Business and Learning Agility by Professor Ndubuisi Ekekwe [Video]

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This is my keynote at the Champions of Talent Development (CTD) 2020 Conference. My presentation was titled “Business and Learning Agility”. I spoke on Wednesday October 14, 2020. The presentation has value if you have a few minutes to spare.

From Chima Onunwa’ summary on LinkedIn:

  • Here are my key takeaways from the session;
  • Businesses have one obligation and that is to fix market friction that exists between demand and supply
  • If you understand the numbers in anything, the better placed you are to improve that thing
  • The best companies today are not those that have the best products in the last 20 years but those that can re-invent themselves
  • Perception in business means offering customers something (products or services) they never knew they needed but see the essentiality of that product/service after their experience
  • 21st-century talent managers and champions are going to be people who can lead companies beyond building products of needs or products of expectation but products of perception
  • Innovation= Invention + Commercialization
  • For businesses, it’s not just about moving within a particular market domain but to accumulate knowledge, deploy knowledge in the market, and create a new basis of competition.

They Are Eating The World Indeed!

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These firms on the radar

A technology luminary once postulated that software was eating the world: “software is eating the world.” I think we can all agree that indeed, modern tech firms have the world of commerce as a dinner table. . Across all domains, these companies are delivering financial results that most may think that they are not part of this planet: “Tech giants Apple, Amazon, Alphabet and Facebook have reported a combined quarterly net profit of $38 billion”. That happened when many companies were on their knees as a pandemic ravaged the architecture of markets and communities. Yes, global tech found ways to capture value.

Tech giants Apple, Amazon, Alphabet and Facebook have reported a combined quarterly net profit of $38 billion, showing their resilience against a backdrop of “economic malaise,” notes The New York Times. Pandemic-related demand for digital services and gadgets is driving many of the results: Amazon broke another record for sales, continuing its 2020 winning streak, while Apple set a sales record for September, even as it suffered from a delay in the release of the iPhone 12.

Social media giants Facebook and Twitter reported better-than-expected third quarter earnings, but both raised major warning signs about user growth.

Google parent Alphabet returned to growth in the third quarter, supported by digital advertising.

The most intriguing aspect of this redesign is that these companies are capturing values in orthogonal opportunities. Yes, while the hospitals are fiercely fighting the virus, most of them are under economic stress. But the tech firms which provide the necessary tools for the battle are smiling to the financial paradise. Simply, technology firms have found ways to improve productivity and capture value within many sectors, from healthcare to entertainment, and beyond.

And because of this capacity to “eat” the world, big tech has delivered huge value to the extent that Amazon can buy 15 pieces of poor IBM! But do not think that it is only in America; MTN Nigeria packed tons of naira over the last three quarters, hitting close to N1 trillion on revenue.

Revenue grew by 13.9% to N975 billion over the 3rd quarter, up from N856.549 billion recorded in the corresponding period last year.  You know one thing? MTN Nigeria will clearly surpass N1 trillion naira of revenue in 2020. I think MTN currently holds that record in Nigeria; in 2020, the party will surely continue. The CEO, Ferdi Moolman, sums it up: it is data, and nothing but data growth.

Watch this video for some of the ways these firms are deploying to capture value in markets.

 

Register for Tekedia Mini-MBA Annual Package [Video]

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Tekedia offers 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.

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.

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.

Good People, if you register by Nov 30 for our next edition which begins Feb 8, you will get a bonus of 2 ebooks (Africa’s Sankofa Innovation, and Dangote System) and a free cybersecurity course at Facyber. Register here.

The Importance of Reading

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The Igbos will say that “onye njem ka onye isi awo mma”, meaning that a traveller is wiser than an old man. This is used to show that the experiences a person gathers from travelling exposes him and gives him more wisdom. It also shows that experience is the best teacher. The reason here is that the more a person moves from place to place, the better his chances of meeting with people of different cultures, ideologies and values. The person will also have knowledge of what is obtainable in another place. But above all, he will learn from his mistakes and that of others.

When the ancestors of the Igbo tribe came up with that proverb, there was a limit to what a person could learn. In those days, people lived in smaller communities and only related with members of their communities. Occasionally, they engaged in social relations with their neighbours, who were also small clusters of people with ideologies similar to theirs. In essence, most cultures, religious practices and values were the same among each and every one of these communities.

But then, time came when people began to risk moving farther away from their hamlets. They began to venture beyond the “forbidden” boundaries and areas, seeking for knowledge or just to satisfy their curiosity. These brave adventurers returned to their villages wiser and richer, or, occasionally, damaged. But in the end, they were not stagnant.

Today, people find it easier to travel. It is easier to leave your abode and move into the next one. It is very easy for people to journey through the Atlantic Ocean in search of knowledge and wealth on the other side of the world. As days go by, boundaries between towns become thinner and thinner. Cultures have been merged. Religions no longer belong to any particular people. Values have been dispersed. And above all, experiences have been shared.

Bit by bit, the universe is becoming one big village. The continental drift that happened eons ago is being glued together. Continents are gradually coming together because you can find people from different continents in a place. All these owe their gratitude to the first adventurers that stepped out of their comfort zones to explore their neighbourhood.

But all these did not only happen because people started moving out of their abodes in search of knowledge and wealth. We should also thank the grand masters that discovered writing, which they used to store information. Because of writing, people store knowledge from their experience or that of someone else. Through writing, people reveal their mistakes and that of others. Through writing, people immortalise their strategies. Writing actually became the mind map of the sojourners. It became the companion of the philosophers. The intellectuals use it to reveal their discoveries. Historians use it to store events. And it is used by all to communicate to people far and near.

To decipher the knowledge hidden in written works, a person needs to read; there is no other way of doing that. Thanks to the discovery of the printing press, we can read materials written by people from different parts of the world and from different ages. We gather the truths hidden in those printed symbols and allow them to direct or to redirect our decisions and actions. Through reading, we meet with these writers, irrespective of who they are, where they are writing from and when they wrote. The good thing here is that we do not have to cross seven seas and seven forests before picking up these knowledge.

Now, the importance of reading has always been emphasised. We always hear that “readers are leaders” but we may not really know why it is so. Some people might think those words were actually put together because they almost rhymed. But a deeper look into the two keywords will tell you that for you to be able to have control over yourself and be able to influence others, you must have knowledge. Now, I ask, where do you think that knowledge comes from?

I believe you will agree with me that nobody is born with knowledge of what is obtainable in this world, unless the person is “ogbanje”, an “abiku”, who was said to have come into this world several times. Everybody in this world got information from people around him, including the mass media. Imagine if this person does not read; imagine if he only has his immediate environment to learn from; imagine that he became brainwashed because of his limited access to information. This is the bane of a person who does not read – information underload.

If you look at what is happening in the world today, you will understand why only a few people control the whole world. This time, I am not talking about Nigeria alone. Have you realised that people are fed with selected “information”, which keeps them busy while their leaders keep them in check? Have you noticed that the easiest way to rule people is by playing on their emotions and turning them against one another? Has it come to your notice that a great number of people do not think critically or analyse issues decisively before they act? There is only one reason for this – people only assimilate what was fed them by their “slavers”.

Now, reading frees people from shackles of mental slavery. But it can also lure people into bondage that is worse than mental slavery. This then comes to play when deciding what you read and your reason for reading in the first place. If you read to justify your action – you are wrong. If you read only materials that support one cause – you will get shackled. If you read only what you were advised to read by your “leader” – you will be misled and destroyed. If you read to find fault or to castigate – you will miss the message. So, why do you read?

Read to get knowledge. Read to understand. Read to learn. Read to free your mind. Read objectively. Read without bias. Don’t let people shackle your mind and soul; that is the worst kind of slavery. Own your life; find the tricks of the leaders; find the road to success; read for adventure; and read to travel. Today, time and geographical travel can be done on the pages of books; don’t miss that opportunity.

The Most Important Job for Ngozi Okonjo-Iweala

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Most of our community members have made good points here: the director general position in the World Trade Organization may not be the right job for Ngozi Okonjo-Iweala. They posited that the DG job is an individual accomplishment that has only marginal value for Nigeria. Except trading global oil subsidies, I am not sure we have antenna systems that capture global trade, to benefit from her ascension.

It is one of those unfortunate things in the world: those who hired a cosmetic diva and a real estate flipper as trade advisers and negotiators are asking a Harvard graduate and MIT PhD to prove that she is qualified for a job. Reading Ngozi Okonjo-Iweala’s response to the United States on the World Trade Organization blockage is painful. But that is the world we live: you must be twice good to be half-celebrated. What can I say that her main competitor has not come out to endorse her. I mean how would the second in class, Ms  Yoo Myung-hee, feel if she actually gets this job? You lost the match but went home with the gold medal. Tufiakwa!

So, most are asking: can Dr. Okonjo-Iweala run for president in Nigeria, in 2023? Ideally, that one would benefit Nigeria more, if she succeeds!

Yet, I still think she will get the WTO job because her opponent will not be effective having come second in the process; U.S. made up its mind very late, unlike during Obama time when they made it clear very early whom they wanted to coronate.

Follow the conversation here at LinkedIn

Comment #1: She will be among the best if not the best for 2023. Unfortunately, the voters in conservative northern Nigeria will NEVER buy into her candidacy in 2023. Not because she’s NOI, but she’s female and a Christian.

My Response to Comment #1: The Christian point, not sure as GEJ won big in the north. But woman one? They do have female House members from north. With the protests, I think people are getting smarter: who can make my life better?. Every politician will have to make that case to win votes in 2023. In politics, besides competence, one has to have other skills – “white lies”. NOI will need to learn those skills if she wants to make progress.

Another commentNdubuisi Ekekwe i like your reply Prof. To add, OBJ also won big in the north. As for the female part, I believe it’s a nationwide issue not particular to the north, else we’d have seen female Governors in several southern states. In her case, her extraordinary competence will speak for itself, she’s among the best the country has to offer, no one can deny this.