I have been a customer of a large global bank for a couple of decades. Recently, however, I closed all my accounts in despair. Why? Because after years of halfway decent service, this bank fell victim to the modern business malaise of automating all its customer interfaces. I began fearing the worst some years ago […]
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 MoreWhatever became of moral outrage in Kenya? “Nothing changes, no lessons are learned. Kenyans move on, and forget about the whole thing. And so buildings will continue to fall, and bombs will keep being planted. Ferries will keep sinking, and trains will be derailed. Buses will continue crashing in exactly the same places for decades. […]
Read MorePowerPoint presentations inevitably end up as monologues. They focus on answers, and everyone faces the screen. But meetings should be conversations. They should focus on questions, not answers, and people should face each other. I know it sounds crazy, but I’ve found that even the hum of the projector discourages dialogue. Meetings are exorbitantly expensive […]
Read MoreWhat on earth has happened to India? That country, one of the huge economic success stories of recent times, is resembling a banana republic again. Witness the astonishing spectacle of “saints” and “godmen” holding “hunger fasts,” supposedly to end corruption. At first I wanted to applaud, thinking: now there’s a way to make a stand […]
Read More“Even after a month of demonstrations in Tunisia had brought about the downfall of President Zine El Abidine Ben Ali, on January 14th, some White House officials, along with American and Israeli intelligence experts, put the likelihood of a copycat revolution in Egypt at no more than twenty per cent. The hundred and twenty-five million […]
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 MoreI often speak before the leadership teams of top firms, and one of my favourite subjects is the customer experience these companies offer. An observation: I am nearly always asked the same question during the interactive part of the presentation, no matter where I am and which company I am addressing. Here’s the question: “What […]
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 MoreAs we all know, we live in a peculiar country. A very peculiar country. There are so many confusing questions that bedevil us every day, and precious few answers. So I have decided to occasionally become an “agony uncle” in this column, to tackle some of your more thorny conundrums. Here’s the latest instalment. Q: […]
Read More“The results of pursuing “more of the same” have proved to be disastrous. A comprehensive study of 20,000 US firms by Deloitte’s Center for the Edge (The Shift Index) shows: – The rate of return on assets is only 25% of what it was in 1965. – The life expectancy of a firm in the Fortune […]
Read MoreLast week on this page we shouted: “enough is enough!” No more indignity for Africa. Africa must stand up for itself and stop being everyone else’s benchmark of poverty and dependence. Before we fix Africa, however, we must understand what ails it. The easy answer is always to blame the leadership we’ve had to date. […]
Read MoreMany of you have asked about this. As at this time, Storymoja advise that the following outlets have stocks of The Peculiar Kenyan: 1. Nakumatt Karen 2. Nakumatt Ukay 3. Nakumatt Galleria 4. Chania CBD 5. Prestige Bookshop CBD 6. Stanley Bookshop CBD 7. Wells Bookshop-Lifestyle 8. Bookpoint CBD 9. Bookstop Yaya 10. Simply Books […]
Read MoreA REFUSAL TO BELIEVE BAD NEWS. Firms in denial about difficulties tend to fail. SWITCHING AUDITORS. An abrupt change of auditors for no apparent reason should set off alarm bells – often this means the incumbents would not sign off dubious accounting policies. BAD NUMBERS ALWAYS TAKE LONGER Whether it is monthly management accounts or […]
Read MorePride, Africa, pride. Africa lost its dignity somewhere, and all thinking Africans have to help this continent find it again. We do not want to be the world’s problem child, the one with learning difficulties that requires every kind of pseudo-expert from abroad. We don’t want all our knowledge and technology to be imported and […]
Read More“ALL ABSTRACT STRATEGY DISCUSSIONS ARE USELESS Strategy is worth thinking about if it causes you to make difficult or non-intuitive decisions. And so you have to test your commitment. “Are you saying that we have to cancel this product line?” is the sort of reaction your strategy statements ought to generate. If you can’t put […]
Read MoreA job description, as every human-resource professional will tell you, is a very important thing. It specifies the nature of your role and what particular activities and responsibilities are most important for you to fulfil your remit. In Kenya, however, most of our jobs are not as straightforward as they might be in other parts […]
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 MoreThankfully, it’s over. I refer, of course, to the royal wedding held in the United Kingdom on Friday. Since two billion people around the planet were supposed to watch it, the chances are pretty good that many of the readers of this column were also glued to their screens. Could we stop and ask ourselves, […]
Read More“Arkadi Kuhlmann, founder and CEO of ING Direct USA, has invented a whole new approach to retail banking. Over the past decade, as he has recruited thousands of employees to his organization, he has made it a point not to look to his competitors as a source of talent. “If you want to renew and re-energize […]
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 More“Executive coach Elizabeth Kuhnke offers some simple tips that can make the difference between being perceived as powerful or merely part of the pack. 1. Consider your stance. Place your hands facing each other and steeple your fingers. This forces your palms apart and, whether you are sitting or standing, your arms will take up […]
Read MoreI wish to announce that I am entering a new line of business. From tomorrow, I will be opening a whole new kind of advisory service. I will be known as Dr Sunny Day, and will be addressing all the common problems of humanity: love affairs gone wrong; business failures; bedroom mishaps; uncertainty about the […]
Read More“Steve Jobs is famous for having said, “I want to make a ding in the universe.” Walt Disney, for having said of Disneyland, “I just want it to look like nothing else in the world.” Springsteen said, “More than anything else — more than fame or wealth or even happiness — I just wanted to […]
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 More“A good consultant wants clients ultimately to be able to make their own good decisions—but the better a client develops the skill for the organization, the less it needs the consultant. So perhaps even well-intentioned consultants unconsciously build, with their clients, their own prisons—a set of invisible bars reinforced by a mindset that leaders always […]
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 […]
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