We spend too much of our time on big issues and big personalities. We remain engrossed in ‘Yes-No’ politics and huge debates about governance and development. In all this grandstanding, we sometimes miss the fact that all great movements in history stem from small actions from small people. Nothing starts off as a big deal, […]
Read More“When Jack Krol became the lead director at Tyco International, in 2003, he developed, in conjunction with CEO Edward Breen, a document specifying his own role. With input from the board, the governance committee then developed some general characteristics of the role for whoever would succeed Krol in the future. Krol said three competencies or […]
Read MoreI have been watching the unfolding oil spill drama with a mixture of horror and amazement. As someone who believes in the power of corporations to do good, and in the power of leadership to transform, I am dumbstruck by what I see and hear. The facts you know: toxic oil is spewing from a […]
Read More“Who sells the largest number of cameras in India? Your guess is likely to be Sony, Canon or Nikon. The answer is: None of the above. The winner is Nokia, whose main line of business in India is not cameras but cellphones. Try this. Who runs the biggest music business in India? The answer is […]
Read MoreLast Sunday Kenya changed for the worse. As we know, grenades were thrown at a rally held as part of the current constitutional review campaigns. The resulting explosions killed six Kenyans and injured scores of others. The numbers mislead us. They turn the people who died into mere statistics. Note and turn the page. But […]
Read MoreHi All I hope you like the all-new Sunwords.com. We have given it a fresh new look and feel, and added modern features. These include video clips, easy links to social networks and sharing sites, better site navigation, and many more. You will also find an attractive version automatically renders when you visit the site […]
Read More“The topography of most large organizations – where finance occupies one floor, for example, and marketing another – reinforces the functional fiefdoms that arise naturally among colleagues who read the same professional journals, speak the same jargon, and crunch the same numbers. Geographic dispersion of operations often frustrates executives attempts to foster a shared world-view. An […]
Read MoreFor the past two weeks I have been beating the drums for Africa, arguing that the continent’s prospects look very good – provided it quickly does the right things. Those things involve big investments in knowledge and connectivity. Let me wrap up the topic with a closer look at the phenomenon of emerging markets. I […]
Read More“We will encounter multiple forms of hubris in our journey through the stages of decline. We will see hubris in undisciplined leaps into areas where a company cannot become the best. We will see hubris in a company’s pursuit of growth beyond what it can deliver with excellence. We will see hubris in bold, risky […]
Read MoreLast week I argued that if we want Africa to be lit up, we need to worry about knowledge, not electricity. If we generate and exchange enough knowledge, the electricity (and products and services and incomes) will come, as sure as day follows night. In 1958 a gentleman called Leonard Read wrote a short, readable […]
Read More“It is difficult to overstate the extent to which the Renaissance was built on the professional rivalries of its major figures. While these men generally held each other in deep respect and esteem, they also competed passionately against each other for commissions, recognition, and prestige. Competition can sometimes yield petulance and destructive energy. But rivalry […]
Read MoreDr Edward Mungai is Dean of Strathmore Business School. He likes to use a satellite map of the world in his presentations to current and future students of the school. The map shows the earth by night – which parts are most brightly lit up. As you would expect, North America, Europe and Japan have […]
Read More“There are many theories on how to correctly “onboard” someone to an organization or a team. Most focus on how to provide the new hire with the information and skills she needs to succeed. But that can only take her so far. She will need connections and an understanding of the inner workings and culture […]
Read MoreMy fellow “Kalasingas” are not renowned for their social activity. In Kenya, the primary image of the Sikh male is of a hard-drinking, cranky, rumbustious, self-absorbed individual. There are indeed enough Sikh males of this ilk around to feed the stereotype, but the stereotype does not define the species. At London’s Heathrow International Airport a […]
Read More“I was reflecting the other day on the near infinite number of ways in which companies annoy their customers. A few that make me go “grrrrrr:” – Being forced to rifle through a two-foot pile of garments in order to find my size – Having to search through lines of nano-sized text at the bottom […]
Read MoreThe good people of the United Kingdom went to the polls last week, and a very strange outcome ensued. No party managed to garner sufficient votes to command a majority in parliament. David Cameron’s Conservative Party gained the most seats, but fell short of a majority. Prime Minister Gordon Brown’s Labour got hammered in the […]
Read MoreThe most successful deals…are those where the strategy is clear and integration is quick, allowing the acquirer to realise synergies and recover the premium it paid to buy the business. Retaining key employees is also critical, otherwise bidders can see much of the value of their purchase walk out of the door.” Lina Saigol and […]
Read MoreWhether or not Goldman Sachs is found guilty of the various charges laid against it, its reputation has suffered huge damage. It is being fried at the court of public opinion, and faces an uneasy path back to its previously dominant investment banking position. Many other companies face these ordeals, and they are usually of […]
Read More“Contrary to the widespread cliché of American dynamism versus European economic stagnation, over the past decade Europe’s top companies have beaten America’s (not to mention Japan’s) by an often substantial margin. Despite the rise of China and the rest, Europe has held roughly steady, at about 17 percent, its share of world exports since 2000, […]
Read MoreThe problem with being a business commentator is that your subject-matter regularly lets you down. Last year I was interviewed by NTV about the importance of ethics and integrity in business (a clip can be seen on www.sunwords.com). Great firms, I asserted confidently, do not become great by cutting corners or greasing palms. They thrive […]
Read More1. No more 9 to 5 2. Productivity will be closely measured 3. Cogs will become redundant 4. The winners will be the linchpins 5. Work will become art SETH GODIN, Regus Business Sense (April 2010) Business guru and author Seth Godin spelled out some of the ideas in his new book, Linchpin, in Regus […]
Read MorePaul Hewson was in Nairobi recently. That won’t mean much to you, until I explain that I was referring to Bono, the world-famous lead singer of rock band U2, and campaigner against global poverty. Bono didn’t really make much noise while in Kenya. He attended the Nation Media Group’s Pan-Africa Media Conference, went to a […]
Read More“You may think that hate is too strong of a word for feelings toward a corporate department. I don’t. Yesterday, I was interviewing an executive on his perceptions of IT and he couldn’t spit his frustration out fast enough. He said, “In the quest of getting things organized, they are introducing a bunch of bureaucracy […]
Read MoreI walked into an Italian restaurant in Mombasa recently, and first impressions were favourable. The ambience was pleasantly rustic, and we were greeted with smiles by a waiter, which makes a change. The Italian proprietor was hovering around benignly. But there was an immediate warning sign. During the middle of lunch hour, a worker was […]
Read More“The first step in ‘getting on a board’ is to ask why you want to be on a board. If the answer is for self-aggrandizement or prestige, the reputational risks today far outweigh any such benefits. Similarly, if it is for financial reward, there are easier, less risky ways to make money. If it is because you have […]
Read MoreOne of the key practices of successful businesses is the ability to follow trends and anticipate market movements. This is extremely difficult: if any of us really knew what next year’s markets would look like, we would be billionaires. Some trends, however, are so predictable that the foolishness lies in ignoring them. And that is […]
Read MoreThe McKinsey Quarterly: “In your recent American Psychology article, you asked a question that should be interesting to just about all executives: “Under what conditions are the intuitions of professionals worthy of trust?” What’s your answer? When can executives trust their guts?” Gary Klein: “It depends on what you mean by “trust.” If you mean, […]
Read MoreThe recent spate of competition in Kenya’s telecom sector has been characterised by something ugly: vandalism. Now that fibre-optic connectivity is commonplace, what easier way to disable your competitor than to hire a few goons to cut their cables? That leaves them in disarray for days, while we gain ground. Or do we? Telecommunications is […]
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