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Home Blog Page 6788

The Accumulation of Capability Construct – How Business Empires Are Built (Video)

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Firms win by accumulating capabilities. From Google to Dangote Group, when companies accumulate capabilities, they operate in domains that generate higher value (usually upstream) compared with where typical firms operate (usually downstream). Dangote Group can deploy massive assets and technical know-how in cement production, making it harder for new entrants and rivals.

To rise to the level to extract Conglomerate Tax on nations and citizens, capabilities matter. Amazon taxes the digital economy through Amazon Web Services. Dangote Group taxes Nigeria because it solves problems which few can imagine. For solving those hard problems, the firm demands special treatments in different ways from the government. What it does is typical: Amazon, GE, and global conglomerate live on that.

It is not Dangote Group’s fault; it is simply Nigeria’s fault that it has only one true (industrialized) conglomerate in the 21st century.

We Should All Become A “Victim Of Exposure”

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I have had conversations with several people looking for a job, looking to make a career change, looking to make the next pivot in their life and many more of the similar divide, one thing is common to the majority – they do not know what to do.

Victim of Exposure (VoE)

What does it mean to become a victim of exposure? I coined this word a couple of months ago while reminiscing on some significant events of my life, juxtaposing this with the what I’ve seen in other people’s life. I realized that if only the majority I referred to earlier had before the present expose themselves to information, moving on to the next stage of their life wouldn’t be a problem.

To become a victim of exposure then means exposing yourself to as much information as possible on a continuum, whether you consider such information useful to you now or not.

Important to note from that definition is whether you consider the information useful for you or not at a point in time is of irrelevance, becoming a VoE requires that you sap in all forms of information available to you per time.

How will you benefit from becoming a Victim of Exposure?

Those who have become VoE are those who have an unbounded mind. Having unbounded mind mean when it’s time for you to make a decision, you have a lot in your mind to consider before concluding. To illustrate, take a recent graduate who studied English, if such is not a VoE, such will be limited regarding career options. If as English graduate the only career choice that comes to mind upon graduation is becoming an English teacher/lecturer, then you need to quickly thread the part to becoming a VoE.

In simple terms then, what being a VoE does for you is to expose your mind by the mirage of information you have fed it and help you to make informed decisions when the need comes.

How can you become a Victim of Exposure?

This is the easiest question with a simple answer. As simple as the answer is though, it may be tough to implement.

The simple answer is that you should continually feed your mind with quality information. Be wary of garbages.

Go now and become a victim of exposure.

LinkedIn Summary

Accumulation of capability construct

That is a term I learnt from Ndubuisi Ekekwe.

Basically, it’s about the compounding effect your effort to become a better version of you can yield if you weary not.

While it is easy to see how the accumulation of capabilities plays out for a corporate body, it may not be so obvious for individuals.

A corporate body can recruit the best of the best, can invest in the best asset, can pull the most innovative marketing stunt and can iterate through innovation at scale.

For this construct to work for an individual, the best way I’ve come across is the accumulation of knowledge. Knowledge accumulates and compounds, even when it seems not to. And the effect of compounded knowledge is what we see play out in those with compelling views on different topics.

As you journey on, I urge you to consider knowledge as an ad-on worth possessing.

I wrote once about “Becoming A Victim of Exposure” you should read that as well.

Polaris Bank Nigeria – What Happened To My Money?

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Banks are known to be the safest place to keep our hard earned money. But what happens when the easiest way to lose your money is by keeping it in a bank. This calls the Nigerian banking system into question.

The Nigerian banking sector is a sector that needs to be scrutinized by the government. Perhaps, we need a rise in the standard of the banking sector in the country. Many times, people have complained about poor customer service experienced in some of the Nigerian banks. Many had lost their hard-earned money with no reasonable explanation to back it up from the bank.

I had no idea how it feels like to lose your money overnight until I lost twenty thousand and four hundred naira in my Polaris bank account. Perhaps, I thought it was a mistake. I assumed It would be rectified soon. I waited for forty eight hours but nothing happened.

After waiting for one week, I visited the bank to lodge my complaint. The customer care representative asked me to write a letter which would be forwarded to the headquarters in Lagos. Which I did. He assured me of getting to the root of the matter in seven days.

Two weeks after, I didn’t get a reply. I visited again and lodged the same complaint. Again, I was asked to write another letter. I complied and waited for another one week. Nothing happened. There was no feedback as well. I visited for the third time. This time around, it was at the branch where I opened the account.

The cashier looked into my account and asked me to write another letter. I became uninterested and decided to call it a day. I had to face reality and admitted that the money was actually gone.

Till date, I never heard from them. It makes me wonder if they actually investigated the matter. I regretted banking with Polaris Bank.

If banks are not safe to keep our money, then we are in trouble in this country.

We can’t continue to lose our hard-earned money overnight. At least, give us an explanation. Show us that you care. I wasn’t the only one who complained about Polaris bank. Some of my friends also shared their stories.

Muyiwa Adeogun said, “I have stopped using that bank. They are not competent anymore. I noticed that ever since they changed from Skye Bank to Polaris Bank, it’s always been a drama with them. My money was deducted and I never got a refund or explanation. So I changed to another bank.”

Kayode Oladokun also said almost the same thing, “Polaris Bank is the last bank I would recommend for my enemy. I don’t see that bank surviving in the next five years. I have withdrawn all my money. Ever since they changed name, they lost their value.”

They always say customer feedback is essential to the company’s growth. I hope Polaris Bank will take these feedbacks seriously. I am not putting down Polaris Bank. I stand to gain nothing from doing so. But being a customer who has also experienced the worst customer service, I would love to share my dissatisfaction with their service so they can improve to serve us better. Till date, I don’t have an ATM card to my account and I can’t even use the Polaris Mobile app. Polaris bank needs to do more for the customers. Better still, you can bring back our Skye Bank.

Long live Polaris Bank!

Long live Nigeria!

Driven – To Achieve Anything In Life, You Have To Be Driven

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“If a man is called to be a street sweeper, he should sweep streets even as Michelangelo painted, or Beethoven composed music or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, here lived a great street sweeper who did his job well.”

– Martin Luther King, Jr.

We are hunted on a continuum by our desire for greatness, success, and influence. The question remains, how can we achieve our quest? How can we make sure we walk the right path? How can we ensure our hands don’t get burnt on this race? I have a simple answer to that, wrapped up in MLK’s quote above – Be Driven.

MLK said even if your responsibility is that of a sweeper, be so driven about it that heaven and earth will attest that you did your job well. We tend to miss a lot when we are in pursuit of a goal, we usually think no, this is not part of what I bargained for so I can’t do it with all my energy. We fail to realize that in the end, we are a sum of all our actions and inactions. This attitude of not giving our best to the task at hand is responsible for the conditions where a lot of people find themselves right now.

In the popular story of Joseph, we realize that a lot of activities that led him to become a Prime Minister in Egypt did not seem to portray so from the onset. How will being a Chief of Slaves be part of the training that is preparing me for my dream? How will being a Master of Prisoners ever lead me to dine and wine with Kings? It never adds up. Funnily enough, that is how it always seems for driven and goal-oriented individuals, it is always the end that justifies the process.

Think about your current situation, how can that failure be part of the process? How can working in a company like this be a precondition for the attainment of my goals? How can I be jobless at this age and still attain financial freedom at 40? When you are called to be a street sweeper, be driven so much about it and do it so well that heaven and earth will attest that you did the job well. This includes giving your best to that current boss that seems to not appreciate your effort.

To achieve anything in life, being driven is a prerequisite and giving your best to whatever you find your hand to do per time is the evidence we have that you are driven indeed.

After you have done your best, whatever comes out of that is your success, for a simple reason you’ve done your best and you couldn’t have done more. Regrets only come when in the end you realized that if only you had done more, you would have attained your target.

In your current situation, give your best.

In your current employment, give your best.

In your current endeavour, be known for excellence.

Days of Rage – Is Nigeria About to Experience Revolution?

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Come August 5, the streets of Nigeria are expected to have different looks. It will be filled with people bearing placards, wailing in a united throng, resisting the dispersing forces, demanding the government to step down, and probably, refusing to go home.

That’s #RevolutionNow, the Hashtag has been making waves on Social Media, spearheaded by the former presidential Aspirant, and Founder of Sahara Reporters, Omoyele Sowore. It seems Nigerians have suddenly woken up from their political slumber and want to make a warning statement to the powers that it’s no longer business as usual.

Topics of good governance, positive change in the Nigerian polity have always been a daily discussion in the offices, Bars, homes and Social Media. But it could barely get further than that, the political Lords know this, and Nigerians know why. It is upon this that the Nigerian political culture was developed, and there seems to be a mutual acceptance based on fear and interests, except on few occasions.

On Monday 2nd, 2012, mammoth crowds, under the brolly of Occupy Nigeria, took to the streets in Lagos, Abuja, Kano and the Nigerian High Commission in London, to protest the increment in petrol pump price. It held the cities to a standstill, paralyzed activities, and drew the largest crowd of protesters in the recent history of Nigeria. It could have buried the question of docility if not that it was politically motivated. In the end, the Actors got what they wanted and the crowd, having been used, went home to continue with their suffering from where they left it.

Ever since then, there have been so many protests, divided through religious, ethnic, and personal interests’ lines. When the Indigenious People of Biafra (IPOB), took to the streets of the Southeast demanding secession, the Government responded with brutal force that sent more than 150 members of the protesters to their early grave. Then there were Shiites whose members were massacred at the tone of 400, a whopping number of lives wasted in muzzling contests. The Government did make a bold deterrent statement; it’s “fight the Government at your own risk.”

Although there have been protests here and there, representing one interest or the other, the people have learned to keep the Government’s message in mind: “Don’t be callous enough to threaten the Government, or you pay dearly.” Not that some groups don’t try, they do once in a while. But it doesn’t take them long to realize that the Government’s resolve in quelling protests is stronger than the constitution. Just as it happened on the 22nd of July, when Shiites hit the streets of Abuja, once again, and triggered the free flow of bullets that resulted in the death of about 20 people. Their determination to dare also earned them a place on the proscription list where IPOB has long been seated.

It is upon this political culture that the #RevolutionNow is set to take place, allaying the fears, confronting the dangers, resisting the intimidation, and most of all, determining to see the flow of blood that may not lead to any positive change.

The people as usual have been grossly divided along religious, ethnic, political and personal interests’ paths. And for these reasons many have distanced themselves from the looming Revolution. There are yet others who are not in this category, yet they don’t see revolution as an answer to Nigeria’s big questions: using instances of revolution, especially in Africa as study cases.

The former DG of Bureau of Public Service Reforms (BPSR), Dr. Joe Abah, was vocal about his disagreement with revolution as a solution to Nigeria’s many problems. In his conversation with Human Right Activist and Lawyer, Mr. Segun Awosanya, Dr. Abah opined that revolutions only happen in homogenous societies, often with unifying characteristic. And that’s something Nigeria lacks. There are so many dividing factors that make it impossible for people to speak in voice; and for this reason he believes that revolution is not possible or feasible in Nigeria.

He went further to explain that the resultant consequence of revolutions is usually far worse than the preceding conditions. He said:

“The new order simply replaces the old order and status quo continues as normal. In some cases, the new order is worse than what was there before. Many dictators were former Revolutionaries. Many were worse than what they replaced.”

Using some examples, Dr. Abah explained further while he thinks revolution will do more harm than good. The French revolution which enthroned Liberte, Egalite, Fraternite, did not translate to the behavior of the French during colonialism. The French didn’t extend liberty, equality and fraternity to their colonies. Another example that is ample to the subject of revolution took place in Nigeria in 2012, and Dr. Abah noted it. He said:

“Then there was the Arab Spring. Has that revolution made the Arab a more just place? I am not sure. Then there was Occupy Nigeria. I think most of the leaders of that revolution are in government today. We are still paying fuel subsidies, the reason for occupy Nigeria.”

The truth in this analysis of revolution, especially in Africa, has unprecedented evidence to be denied. However, a call for action to effect good governance can only be ignored to the proliferation of rots in governments. Mr. Segun Awosanya, responded to the above analysis with a clearer explanation of the motive behind the scheduled revolution, at least from his own perspective. It’s more like a ‘wakeup call’ than usurpation of power. Knowing well the kind of government the people are dealing with. He said:

“Rise as one’ is not the literal meaning of Revolution. We live in the 21st century and must act like it. There is no point giving a regime thirsty for blood a reason to mow down innocent citizens. There are better approaches that will get the government interested in being responsible.”

As much as this statement tries to minimize the premonition of chaotic 5th of August, other players are talking tough. With their adopted slogan, “the days of rage,” the convener, Omoyele Sowore, and Singer, Eidris Abdulkareem, were on a broadcast video, promising a shutdown of the country. A perceived threat that the government doesn’t want to reckon with. Mr. Sowore also said that he has been informed that the Department of State Security Services (DSS) has put him under surveillance, something he said he expected to happen, even far worse than that. But it is just what it takes to liberate the oppressed from their oppressors. He said:

“We have moved from the surveillance of the people to the sovereignty of the people. All that is needed for revolution is for the oppressed to choose a date they desire for liberty, not subjected to the approval of the oppressor.”

The cause seems to be generating interests from far and wide, even those who have tasted the brutality of the Government because of their activism couldn’t cower to the perceived threat that the revolution may pose. Deji Adeyanju, a Civil Right Activist, and an ardent advocate of good governance, has thrown his full weight on it. Senator Shehu Sani, the former Minister of Aviation, Femi Fani Kayode, and many more are joining the Train. The interest is growing and waning, substantial numbers of people are joining the cause while others are choosing to watch from a distance. So far, over 22 cities across the country are mobilizing for the revolution.

Amnesty International has expressed concern over the possibility of the Government cracking down on the revolutionaries, as it would amount to trampling on their fundamental human right. The statement issued through their twitter handle reads:

“#RevolutionNow is a movement of Nigerian youths committed to fighting for freedom and just in exercise of right to freedom of expression and freedom of association.

“Authorities must respect the rights of #RevolutionNow movement to assemble and seek for freedom and just without fear or any intimidation. Nigeria belongs to all of us.”

Two days after Amnesty International issued this statement, a crowd of protesters converged at its office demanding that they leave Nigeria. A video that surfaced online later showed the crowd receiving cash, which means they were rented.

However, the Nigerian Bar. Association (NBA), Ikeja Branch has pledged to provide pro bono services to those who will be protesting in Lagos.

In the early morning hours of today, the Convener of #RevolutionNow, Omoyele Sowore was whisked away by the DSS, his whereabouts are unknown. This development has cast doubt and faith in the planned protest. It’s evidence that the Government is afraid of what is to come.

But, Will the revolution still go on without Sowore? The campaign for his release has been launched on Social Media with the hashtag #FreeSowore.