A drive on one of Kenya’s highways is, we can all agree, a hair-raising experience. We have one of the world’s highest road fatality rates, for one simple reason: the roads are full of what our president fondly calls “pumbavus” who have inexplicably been allowed to drive. So you will get pea-brained drivers coming at […]
Read More“The Italian cruise ship the Costa Concordia sank off the coast of Tuscany last Friday night, after smashing into rocks off the island of Giglio. The 114,500-tonne vessel, carrying 3,200 passengers and 1,000 crew, hit a submerged reef at 9.42pm, after the ship’s captain, Francesco Schettino, had steered it to within 200m of shore to […]
Read More“I long ago realised that to understand a business I would learn much more by talking to people involved in day-to-day operations than the chief executive. They represented “what is really going on here?”” JOHN KAY, Financial Times (January 3, 2011) The excerpt shown, from Professor John Kay’s regular FT column, caught my eye. I […]
Read More“This was a year, sadly, when examples of poor leadership (bad decision-making, selfish actions and inexplicably bone-headed moves) seemed to outnumber the good.” JENA MCGREGOR, The Washington Post (Dec 19, 2011) As we end another year, we in the business world have to concede an uncomfortable fact: 2011 was not a great year for corporate […]
Read More“”We hired a new CEO, but had to let him go after just seven months,” the chairman of an East Coast think tank complained to me recently.” His resumé looked spectacular, he did splendidly in all the interviews. But within a week or two we were hearing pushback from the staff. They were telling us, […]
Read More“Female executives packed the room as former Xerox CEO and Chairman Anne Mulcahy took the stage at Fortune’s Most Powerful Women Summit to share her best and worst practices on building boards. Throughout her career, Mulcahy has sat on boards of six public companies, three non-profits, and one privately held international company. “Sometimes, I did not […]
Read More“On the face of it, scouring the world for a superstar makes perfect sense. Surely a great manager can make all the difference to an ailing firm? Jack Welch boosted General Electric’s market capitalisation by 4,500% at a time when its old rival, Westinghouse, was disintegrating. Surely management skills are portable? What other justification is […]
Read More1. Kisses-up and kicks-down: “How does the prospective boss respond to feedback from people higher in rank and lower in rank?” 2. Can’t take it: “Does the prospective boss accept criticism or blame when the going gets tough?” Be wary of people who constantly dish out criticism but can’t take a healthy dose themselves. 3. […]
Read MoreSo many good people are dying in quick succession. First, it was Wangari Maathai, our very own iron lady of legendary courage. Next Steve Jobs passed on, leaving an army of bereft customers in his wake. And now another man goes leaving a gaping hole in so many lives: Jagjit Singh, India’s renowned singer and […]
Read MoreWangari Maathai deservedly got a state funeral, the first ever for a woman in these parts. She warranted it, for rarely has a Kenyan received such global acclaim. But here’s the thing: once the funeral is over, and we have stopped shedding the requisite tears, how are we going to honour her memory? The fact […]
Read More“Really, Hewlett-Packard? This is what’s become of the company of Bill and Dave — not just the founders of HP, but the founding fathers of Silicon Valley? Three CEOs in six years. Two of those CEOs who embarrassed themselves with inept campaigns for elective office. The other CEO who managed to get tossed out of […]
Read More“Steve Jobs is above all an Apple customer. He and Steve Wozniak built devices that both of them wanted to use themselves. Wozniak brought exceptional engineering chops. Even more important, Jobs (who can’t program) brought the perspective of a passionate and non-technical customer into the design, the look and feel, and the excitement of Apple […]
Read MoreI am so very tired of writing about disasters. And I am sure you are so very tired of reading about them. It was a bad week. First a ferry sank off Zanzibar. Several hundred people, including little children, were thrown into the sea. More than two hundred are believed to have died. Next, fuel […]
Read More“Today, greater professionalism is expected of a Chairman. S/he must possess a range of ‘soft skills’ and have the ability to coach new board members (especially executive directors); handle debates with skill; tease out concerns; orchestrate and unite an often disparate group; recruit the right people; and effect behavioural change where necessary. The chairman needs […]
Read More“Some CEOs of long tenure must have gotten a slightly queasy feeling as they watched the recent events in the Arab world. Even if they bear no resemblance at all to Hosni Mubarak or Muammar Qaddafi—even if they are the most competent and benevolent of leaders—they may well feel horror at how rapidly the fortunes […]
Read More“In the US they call it the “Murdoch discount”. This is the amount by which US analysts reckon shares in News Corporation are depressed because of the controlling stake held by the Murdoch family; about 40 per cent of the B voting shares, although only 13 per cent of the share capital. Analysts never like […]
Read MoreRupert Murdoch’s media empire, so long a global behemoth, is in serious trouble. Commentators are scrambling to make sense of the events that led to the closure of a 168-year-old newspaper, the News of the World (NOTW) – until last Sunday Britain’s most popular newspaper. It won’t end there. The shenanigans at NOTW threaten to […]
Read More“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups” HENRY HAZLITT Economics in One Lesson (1946) When I was a young lad barely into […]
Read MoreAfter years of procrastination, I finally made it to Kigali recently. I had, of course, heard what you have all heard: that it is an African city that is clean and orderly. I was, of course, sceptical. Seeing is believing. Even so, the evidence of my own eyes was hard to believe. The roads and […]
Read More“The data seem clear on David Sokol’s conflict of interest in the Berkshire/Lubrizol deal. He bought shares in Lubrizol, and then encouraged Berkshire to buy the company. He claimed that because he didn’t know whether Berkshire would follow his recommendation he didn’t have inside information. But he clearly had information that the public didn’t have […]
Read More“In the Google context, we’d always believed that to be a manager, particularly on the engineering side, you need to be as deep or deeper a technical expert than the people who work for you,” Mr. (Laszlo) Bock says. “It turns out that that’s absolutely the least important thing. It’s important, but pales in comparison. […]
Read More“THE LONE RANGER: This is the “I need to do it myself if it is going to get done right” leader. News flash, you are NOT a leader if you are doing everything and deciding everything. Being a leader is about empowering others, motivating them to act like an owner. A lone ranger may feel […]
Read MoreMombasa is very dear to me. Mombasa is childhood memories; wonderful sights and sounds; spicy aromas; and, of course, the peerless Indian Ocean. Mombasa is a cradle of culture; the place where diverse languages and cuisines and songs have interlocked for centuries. Mombasa is the biggest port in the region, the place where most of […]
Read MoreA few weeks ago India’s foreign minister, S.M. Krishna, stood before the United Nations and read a speech. Nothing peculiar in that – the UN, after all, excels in listening to speeches. But there was a problem: it was the wrong speech. What Mr. Krishna read out was actually the speech of the Portuguese foreign […]
Read MoreI had the privilege of moderating a panel discussion at Strathmore Business School last week. Kenya was hosting an important visitor: Jose Maria Aznar, prime minister of Spain from 1996 to 2004. Mr Aznar is a highly regarded global leader for a good reason: he is a conviction politician who calls it as he sees […]
Read More“Our high performers create enthusiasm for things… They create energy, and even though this is intangible it generates client sales and follow-on work as it gets other people here engaged in and supportive of what they are doing.” ROBERT I. SUTTON Good Boss, Bad Boss (2010) Bob Sutton is that rarity: a professor who talks […]
Read MoreKenyan leaders, I know you don’t read much. Your time seems to be wholly consumed by midnight meetings, political plots and ugly utterances. So I thought I would offer you an executive summary of the story of a man who has just changed the world. Please read this as your driver overlaps through our 24/7 […]
Read MoreLike a tidal wave the people came, and kept coming. They had had enough, and had nothing to lose. Only a complete removal of those who led them would appease them. Day after day after day they piled into the streets. They made their own country ungovernable and froze its economy. It was only a […]
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