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Group Dynamics: Understanding the Secret of Great Corporations

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Great nations were not built by governments; the governments serve as shoulders upon which mighty men have stood in building great nations. One of the core tenets of nation building is entrepreneurship. The first world countries are so called because their citizenry have successfully built what James Collins describes as “Good to Great Corporations.” This intrigues me because, like the first world countries, their counterpart nations also have businesses; albeit, for the first world countries, the businesses become global corporations with market capitalization to the tune of billions of dollars.

Before proceeding further into this discourse, it is expedient to note that these mighty corporations whose impact shaped their nations were not born in an all-perfect environment; some environments had similar or worse conditions the third world corporations are faced with. I have found that great corporations possess one universal trait that has helped in transforming them into global entities.

In my quest to finding solutions to business development in the third world countries, I decided to consult the Scriptures. The Holy Bible is always my resort when I cannot provide solutions to a seemingly inexplicable phenomenon. The things I found out were so captivating; I have decided to share a fragment.

To advance in business and reach the level of enviable achievements, one needs to understand two things effectively: The management of self, on the one hand, and the management of other people, on the other hand.

Management of self is the ability to organize oneself to produce increase. This art is perfectly understood by business owners in third world countries; case in point is Lagos, the commercial capital of my home country, Nigeria. The nook and cranny of Lagos is replete with shops and micro-business outlets that are doing fairly well individually. These entrepreneurs are the drivers of the Lagos’ economy; however, management of self, at best, produces increase, and no economy conquers poverty by increase. Poverty, in an economy, is conquered by multiplication, which is a product of managing other people successfully.

Management of others involves bringing people together in order to pursue common goals or strategic objectives. This is a science employed by great corporations and it is perfectly captured in Amos 3:3 (Can two walk together, except they be agreed?) and Deuteronomy 32:30 (How should one chase a thousand, and two put then ten thousand to flight, except their Rock had sold them, and the LORD had shut them up?)

Virtually all Christians are familiar with these verses and every time these verses are mentioned or read, they are always centered on marriage and courtship; however, the wisdom transcends the scope of marriage and courtship. They speak to relationships, of which marriage is a fragment.
Successful businesses have come to understand that, in order to build a great corporation, there is a need to assemble a group of people armed with resources aimed at achieving a targeted goal. In other words, the ability to successfully bring people together as a group is a major tenet of success for great corporation

The way to achieve multiplication is by fitting round pegs into round holes. Nothing enhances the achievement of organisational goals as having team(s) of disciplined people who have discipline thoughts and unfettered bias for action. In bringing a group together, one needs to be highly selective; the process must be devoid of unwarranted emotions, favoritism and bias. When a business fails to get its selection process right, like most businesses in the third world countries, multiplication would never be a reality.

Always remember a great business is a product of great team(s).

Connecting Mass Communication Class with the Industry: The Gohard Movement Story

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If you were there,  you would have wondered and asked the same question: how can a ‘male chauvinist’ have a female group?, then if you don’t get the answer to that,  you will just come forward and suggest I add male to the group also. The answer is always ‘no’.

I found a lot of faults in the Nigerian education. It’s just pathetic. Anytime I flashback to my secondary school days, I remember vividly I was going to attend university just to meet people and like mind to further my goals. I had nothing to do with school grades; I feel if I put my mind to it, I will just be like the thousands of Nigerian graduates lining up with valueless certificates in search of a job. That’s why after my graduation, my colleagues were excited to know what is going on in the school I was deployed to; they want to hear funny stories on how am messing the kids up since they know I have not been serious about education. However, the reverse is the case. My service year was the first point I noticed my deep concern about young people, especially if they are bright. Can this be from the fact that I grow up with so many questions about my environment and the world was met with ignoring faces from my entire community? Maybe, so I couldn’t look away to let down anyone willing to fly in a world where everyone want to laugh in their sleep.

I was posted to a very remote place in Benue state called Gbeji. No Corp member will come there except a carefree and adventitious person like me. Then I inspired other two Corp members, a man and a lady to stay also. It’s an experience. The student can’t even speak English. It was hard communicating. I saw the challenge and ‘single-handedly, had to design a learning scheme for the community children to ease communication and so for them to be able to read so they can move on in education. I remember when I informed my university brilliant and intelligent friend and colleague, Sherifat,  she told me ‘it will do the world good to document my materials to give to other rural areas for training’. Obviously, my lack of faith in our education won’t allow me to follow suit. I always fell I have nothing to do with education. I don’t know if my colleagues are still in shock of how I could become a lecturer in the university, but if the wonder still persists, I will just tell you it’s a miracle as this write up is not about the process.

GoHard is a media production movement styled for young women in the media to mentor and train them to single-handedly initiate productions and provide contents with the vision to liberate and create positive attitudinal change towards female in their community.

I believe I am ‘smart lazy’, and one of the guiding principles of sustaining that lifestyle is to not start anything without a flawless reason, as that will be what will sustain it the process. There are strange facts I hope you will agree with within the Nigerian Media sphere especially if you are a Mass Communication student:

  • There are more female than male in classes
  • Yet men run the media world mostly

From here, I guess there are points that are more recent:

  • Females tend to lead in Mass Communication classes
  • Yet, women are still not the leaders in the industry, men are.
  • Women mostly become the object of ‘sex appeal’ in the media. They are exploited mostly by advertising agencies and hip-hop artists (who I think the ‘feminists’ should go and face). The best scenario but still under the same phase is when women become reporters or newscasters.

These supposed ‘facts’ have bad implications

  1. Morally upright female, have less chance in the media industry which most of them are the brightest and the most intelligent in schools.
  2. Men become unserious in school, leaving ‘good grades’ for women to make. Or, maybe mass communication is just unfortunate in getting unserious males student for the sharp ones are in the sciences. (I don’t necessarily have to agree with my suggested reason though)
  3. The unserious men, then get to control the industry with compromised moral and ethical values. Or maybe am way over my head, as most times graduate from mass communication don’t get to control the media i.e. the Nigerian media is not necessarily controlled by mass communicators but random people from different field who lack the social responsibilities to be taken on by mass communicators but have some talents.
  4. With the absence of women control, we have less of pro-children, pro-good women and morality programming.

It might not be the time to write on how much I believe the media is responsible for what and how people think and thereby behave. However, how a country behaves will determine its development or on the other hand; degradation. Mindset is very important, so if I am on the floor of Mass Communication as a trainer what will I do differently?

A weak environment will drag down a strong mind into weakness,  and a strong environment will strengthen a sound mind and also charge a weak mind. These days,  undergrads are there also looking to be in vogue in our socio-cloudy situation where everyone is looking for distractions. Need for quick fame and money, use of the illicit drugs has become a norm, and the university is not left out. It’s hard for a progressive and conscious mind to existing in such silliness. What is even more dangerous is when the brilliant and intelligent gift from god amidst the environment is now allowed to be influenced. People like this grow to know their gift, figure out the society has failed to guide or support them, then they angrily go to the devil to take a job.

The first thing I discovered (which my industry bosses will agree with better), is that the production power is the soul of the media anywhere, whether in the schools or in the industry. The idea formulated, cooked up or researched can only get to the masses or prefered audeince when you have the power to produce with the studio skills; from print to broadcast or the social media etc. Guys, in the system (or outside) later in life, figured out they are prone to know this skill better than women,  opt for the skill or gather the expensive money to control this part so they become the leaders, while women give up, get married to face their family and have less field-oriented job. As a skilled cinematographer, animator/ motion and still graphics artist, the first question I asked myself is ‘do both genders have the same chance of learning the skills?’, I might only be able to prove otherwise but I choose to answer the question as ‘yes’.

Two years ago I initiated my experiment and started the GoHard movement with all the intelligent, interesting and sound female students in the department. Privileged to be a friend of them all mostly. There are a lot of problems I know I might not have with guys, but the key is patience. The idea is simple, working theory is simple; men don’t take to be challenged especially when women are doing what they feel they should be doing better. Having skills and creating content in the service of the GoHard movement. The first response from the guys is envy. They feel the team will soon fade off soon, they waited but we did not let that happen.

In a space of few months, some guys start to wake up in a mean to charge and disarm the very proud monopoly of the ladies who are already taking over and recruiting more girls who are enticed by the popularity. Most girls don’t make it through, for girls love fame and not the hard work. The core girls now understand that your fame and your voice can only be sustained when you are in control of your productions. So the ladies make sure they train as I train them to continue the process. However,  this is an overt operation from my masterplan.

Covertly, as a man, the pride is a driver. I still hold the belief that a man is given physical strength specifically for a purpose in life and they have to take charge. Seeing slow men around me is disgusting and insulting. As the process went on, we started having male students already inspired.

I will take you back to my old class where Yinka is always a menace. On his turning point day,  I sent him out of the Class, with the word that he has a potential that is stronger than mine and I did not learn my skill in any class,  so “you can stay out and rot or take charge and become more”. As at now,  Yinka is the hand in production in my school. From the onset, I give him all that is needed. However, the men’s pride won’t let him bother me like my female students, yet,  this is okay for me and good for him yet, he has to deal with my own best girl. ‘Will the men set their standard or they will wait for Mazeedah (GoHard production assistant) to set it?’ While Mazeeda today has tried to blur the line between me, the boss and her, the apprentice in video production skills, a lot of the ladies in the group race tirelessly to actualise the woman of their dreams in a speed I couldn’t imagine… as a competitive man. I even fear I don’t have to compete with such zeal.

I have learnt from these ladies love, training skills and incredible patience. The write-up is not actually about my experience working with ladies but I will like to share those too.

I feel at this point the list of my critics has reduced. However, I am aware I do have people till date that religiously believe am an idiot, am still okay with that, but make sure when you come to me to talk,  let me know what you are doing in your community to support others, this is not about bragging, it is a subliminal message you hide in your conversation to sound credible and for your audience to accept your contribution to their existence and believe you can help them. As a young person, I understand the juvenile delinquency is based on the feeling of awesomeness, believing you are right and can take care of yourself. Many young people don’t feel they need help,  you have to understand them first and help them without them knowing, mostly. When you are too focused on your efforts, they will leave you and choose the more marlianic way which they find fun. Help them help themselves.

We might hate everyone, but we don’t exist in isolation so we have no choice than to build the people around us any way we can so that their actions will only bring us joy and not panic.

Shout out to all the Gohardist. Love YOU all.

Research and Development: The Pathway to Continental Growth

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The challenge before my generation transcends mere national development as an ultimate pursuit. My generation is tasked with the responsibility of ensuring that the continent of Africa takes her place among the comity of continental political conglomerates. We’ve been mandated by fate to ensure generations after us do not fall into the same quagmire like the one generation(s) before having consigned us to. 

There is a direct correlation between the investment made in research and development and the economic wellbeing of a nation. Commitment to research and technological development shows how passionate a country is about ensuring a safe, sound and secure future. The challenge with Africa lies in the fact that research and development do not yield immediate dividend but like a seed cast into the soil, one must always regard its harvest as one that transcends the pain of now. If Africa desires to grow, we cannot follow the path of laziness, instant gratification and a disdain for intellectualism. Hence, we must wake up to the sad reality of our very own selves – not just the colonial masters or the West (and rapidly including the Eastern powers) are quite as culpable for the misery pervading the continent.

Moving forward, governments in Africa must show an immediate change in attitude towards research and development. It would be damaging to the continent to expect our government as of the moment to commit the same volume of funds to research and development as the top ten economies do, but there is a need for a sharp and significant increase in resources committed to research and technological development. For a nation like Nigeria with an abundance of resources, it is shameful that little or no investment has been made in consolidating on some technological milestones. Take for example the inventions made in the Old Eastern Region during the Civil War – from the popular war missile (Ogbunigwe), to how they converted and weaponized commercial planes to fighter jets; the Igbos on the  Biafran side of the conflict proved their ingenuity further as they also developed Armoured Personnel Carriers (APCs) that derived fuel from Palm oil (the Japanese actually built charcoal powered vehicles during the 2nd World War; now they have perhaps the biggest automotive manufacturing industry the world over). The sad reality is that if all these inventions that went with the war had been consolidated by the government, Boko Haram would not be such an ‘unsolvable menace’ and perhaps, we would have been a global military powerhouse with nuclear capacity. 

Our responsibility is a matter of urgency for we cannot afford to fail. A research conducted by Brenthurst Foundation shows that by 2050, more than half of the world population would be living in Africa and of this population, over 65% would reside in urban areas and over 60% would be made up of youths within the 18-35 years age bracket. The research further stated that 95% of youths in Africa will be connected to the Internet by the year 2050, while Europe and Asia’s aging population is expected to grow at a decline rate, i.e the numbers of adults will outnumber the youth. This means that come 2050, Africa will be home to the world’s workforce. The Brenthurst foundation report also shows that Africa’s economy will experience a significant decrease in growth unlike what she experienced between 1998 to 2010 and this is due to a decline in the purchase of her commodity by China. Permit me to explain the last sentence; the years 1998 to 2010 were referred to as Africa fat years because there was an increase in demand for her commodity by China. Africa’s economy has hitherto been a commodity or natural resource-dependent, but as China transitions from a manufacturing economy to one focused on services and consumption, it is expected to have a direct impact on Africa’s economy except something drastic is done.

My generation cannot afford to place blame continually on our predecessors. As we gradually assume the position of leadership and take over the baton of responsibility, we must begin to devise means to prevent this looming danger if we do not want to experience another set of (deadlier) Arab Springs. One such thing we must pay urgent attention to is the field of research and development. Data from UNESCO showing how much nations invested in research and development shows the stark contrast between global powers (aka developed economies) and their still-developing counterparts. Where nations like  United State invested $476.5B, China $370.6B, and Japan $170.5B, the highest in Africa was Egypt who invested $6.1B, South Africa $5B, Nigeria and Morocco invested $1.4B and $1.5B respectively to make the Billions up.

 We cannot put all the blame at the doorstep of the government, our corporations must also invest in research and stop depending on the government. Amazon (a private corporation for that matter) spent $22.6B on research according to Statista, while other corporations like Alphabet and Volkswagen invested $16.2 and $15.8 respectively for the year ended 2018. The least of these exceeds the top four economies in Africa combined in terms of research spending. Our corporations may not be capable of competing on this level, but they can establish and fund research institutes, partner and invest in patent ideas, fund our institutes of technology and sponsor innovation-oriented projects. Some can even choose a special field to commit themselves. The manufacturing companies in Nigeria, for instance, should have tapped into the abundance of talent in Aba by funding researches that would have been beneficial to us all.

Lastly, wealthy individuals must begin to commit their resources to research and technological development and follow in the footsteps of their wealthy colleagues on other continents who commit a significant portion of their wealth to research, instead of making unnecessary donations to charity and buying vehicles for the military and police. While we are not saying these in themselves are bad, we advocate strongly that priority should be given to projects with wider reach and far greater impact across the nation, continent and over generations. 

Africa’s development is a collective and generational responsibility.

Embrace every challenge that comes your way in Life

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Challenges are a necessary ingredient in the success equation. They come in different shades, patterns and dimensions. Some wonderful opportunities are clothed in challenges. Albert Einstein, one of the greatest inventors that ever lived, was a man who was absolutely passionate about his work. He deployed more than one hundred methods but didn’t succeed. When others had all given up, he preferred to try more methods, until he finally got it right. The more challenges he faced, the more effort he was putting in. The more challenge that comes our way in life, the more excited we should be.

We should see every challenge as an opportunity to break new frontiers and prove people wrong. A close friend of mine once organized a seminar in 2018. He did all the publicity and advert but was shocked to find only one participant on the day of the seminar. To make matters worse, his wife was right there at the venue to assist him. It was a daunting challenge, but he still went ahead with the seminar.

Challenges are not entirely harmful, but on the other hand can help keep us on our toes, and enable us to keep on improving ourselves in all aspects of life. When others try to highlight the reasons why we can never achieve certain goals and dreams in life, we must not get discouraged but rather be more encouraged to succeed.

Every great inventor had to surmount one challenge or the other before arriving at the pinnacle of success. One of the most inspirational stories we can always look to when we are down is that of a physically challenged man who participated in the 2008 Globacom half marathon held in Lagos, Nigeria. He was not given any chance to succeed, as hundreds of able-bodied boys and girls were all competing for the top prize at the prestigious event. He came to the event with just a roller skate, and the willpower to succeed.

In the midst of human and mental barriers, this physically challenged guy overcame all odds and emerged in the 8th position at the end of the grueling marathon race. This was a man who was not even a professional athlete! He later granted an interview to a journalist, where he shared the story about how he almost gave up midway into the race, because of the pain he was feeling all over his body. After completing one of the most challenging races of his life, he felt like a champion.

Opera and Hindenburg: Who Is Telling The Truth?

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Opera (source: WSJ)

OPera’s prolific growth around the world is getting stunted by unprecedented nemesis that is touching many of its platforms. About a week ago, equity research house, Hindenburg reported that Google may be aiming to take down Opera’s lending platforms, OKash and OPesa for flouting its Play store lending rules.

Opera operates lending apps in India, Kenya and Nigeria, and stipulates 30 days for loan repayment which goes contrary to the newly introduced Google rules of 60 days.

The trouble started as soon as Google introduced the new rule. According to Hinderburg Research: “Instead of disclosing to investors that its “high-growth” microfinance segment could be imperiled by these new rules, Opera immediately raised $82 million in a secondary offering without disclosing Google’s changes to investors.”

The sharp move signaled a suspicion that the research tried to unravel. The cover up of the new rules from investors is suggesting a financial vacuum that the company is trying to fill without getting investors alarmed.

Opera started as a browser and was gaining users until recently, after its IPO and new management, a serious decline started taking effect, owing mainly to competition. Google’s Chrome and Apple’s Safari become popular among computer and mobile phone users, resulting in significant decline in the popularity of Opera Browser users.

“When a new management team takes over a declining business, it can become race against the clock to cash out. This is what we think is going on at Opera, a company based around a once-popular web browser that is now seeing its userbase erode.” Hindedburg

In the 2019 Q3 report, there was a notable decline of 22.6%, from $76 million to $59 million in Opera’s year-on-year gross profit. The cash flow in nine months of 2019 that ended in September 30, yielded $24.5 million negative in operating cash flow, compared to $21.7 million for the same period in the past year.

But at the same time in 2019, there was the introduction of the Fintech segment of Opera. The OPay and lending platforms appeared to have shot the revenue up to 42.5%. The Fintech apps are operational in Africa and Asia, and were widely embraced in the beginning since it offers cheap loans and those who need it were many in countries where they were functional.

But that’s exactly where the problem lies. A former Opera employee told Hindenburg Research that the loans are given to people who can’t afford their basic needs.

“Most Kenyans, they are low income earners. And apparently most of them don’t have enough for their families.”

In Nigeria, the story isn’t different. OPay lends N8,000 on the condition that the loanee pays back N9,440 in a space of two weeks. That’s 18% interest in two weeks, and 468% interest in a year, a predatory practice that blatantly violates Google’s lending rules, and most of those taking soft loans are not aware of it. Even if they are, it wouldn’t change anything since the banks don’t offer a better alternative.

However, the lack of alternative from the banks doesn’t trump the reality that most of the people seeking these loans may not be able to pay back in two weeks. Then it creates two situations for OPay; more money or bad debt.

Hindenburg had alleged that Opera’s lending apps lure prospective customers with enticing loan rates that appear compliant with Google’s policy, but the apps manipulate the potential borrowers once they fill in their details by either denying them or granting them a short term loan instead.

Though Opera refuted Hindenburg Research claims, it did not provide alternative facts to back up its own claims. In a statement, the company said the report is full of errors: “The Hindenburg’s report is full of numerous errors, unsubstantiated statements, and misleading conclusion and interpretations regarding the business of and events relating to the company.”

Alejandro Vizquez, Opera’s Communications manager told BusinessDay: “The report mentioned is from a firm that specializes in making short calls, often sensational in nature, with their conclusions being designed for that single purpose.”

In November 2019, Opera’s chief financial officer, Frode Fleten Jacobsen, said the company’s average loan length was about two weeks, and the measure has been adopted to curtail exploitative practices by those who seek loans. The Google’s policy stipulating a sixty days period of repayment was updated in October last year.

Since Hindenburg published their findings, Opera’s shares have been pushed 22% lower.