“When you are at the top of the world, the most powerful nation on Earth, the most successful company in your industry, the best player in your game, your very power and success might cover up the fact that you’re already on the path of decline.” That question—how would you know?—captured my imagination and became […]
Read MoreThere seems to be a bit of noise in the country about the proposal to build a walkway connecting Parliament Building, Continental House and County Hall at a proposed cost of Sh 61 million. This is to allow our members of parliament to cross the road with ease as they walk between their primary workplaces. […]
Read More“Team titles might be what matter to them most, but football fans are also generally pleased if a player in their team wins an award. Publishers rarely object when their authors win Booker or Nobel prizes for literature. So how should shareholders in a company feel when the company’s chief executive wins an accolade such […]
Read MoreConsider this country. Civil servants are required to report on duty at seven o’clock every morning. Cabinet ministers are given a modest amount by the government with which to purchase official vehicles, and an appropriate maintenance allowance; if they choose to use a large gas-guzzler, they do so with their own money. This country’s capital […]
Read More“When United Airlines decided in 1994 to compete with Southwest (Airlines) in the intra-California marketplace, the company tried to imitate Southwest. United put its gate staff and flight attendants in casual clothes; it flew only Boeing 737s; it gave the service a different name, “Shuttle by United,” and used separate planes and crews; it stopped […]
Read MoreI saw last week that it is possible to begin a day in exasperation and end it in exhilaration. I was travelling to Mombasa to attend a board meeting, and found an inexplicable traffic jam near the Nyayo Stadium. I had allowed enough time for Nairobi’s absurd traffic problems, but this was a little more […]
Read More“As firms grapple with a brutal economic downturn, they are taking a long, hard look at the resources they devote to everything from supporting charities to making their activities carbon-neutral. That is hardly surprising: cutting back on CSR, or “sustainability” as it is sometimes known, would seem to be a quick and relatively painless way […]
Read MoreNewcastle United got relegated from the English Premier League last week. “Say what”? I hear some (but not all) of you shout in unison. Don’t we get enough mania about foreign football in this country, without ‘A Sunny Day’ adding to the madness? Is it not enough that a deranged young Kenyan recently killed himself, […]
Read More“As we burrow deeper into the recession, companies around the world are cutting costs in all the usual ways—by reducing headcount, slashing capital budgets, and trimming overheads. All these measures are vital. But in their quest to root out inefficiencies, companies should also be focusing on the hidden but substantial costs of supercilious and overbearing […]
Read MoreI don’t know about you, but I find it immensely entertaining when the British are caught in a moral quandary. This is a nation that often preaches moral probity and higher-order values and ethics to the rest of the world; it is great sport when they get their own knickers in a twist, as they […]
Read More“After 2008, it’s understandable that the average American would be as mad as hell at America’s business leaders. Executives, even in a good year, tend to rank towards the bottom in credibility with the public…The current economic crisis provides all the ammo for a populist backlash, as you – and your portfolio – know too […]
Read MoreBe in no doubt: we are a most peculiar nation. We are peculiar in our homes, peculiar in our places of work and worship, and peculiar when we meet socially. We are peculiar in how we talk, work and behave. Indeed, the extent of our peculiarity is in itself peculiar. Here are just six peculiarities, […]
Read More“Whether it’s called buttering up the boss, brown-nosing, sucking up or managing up, experts say ingratiating behaviour is bound to be on the rise in the workplace as workers fret about keeping their jobs in tough economic times. But such behaviour can be bad for business, they said. “People who tend to ‘manage up’ anyway […]
Read MoreThere may not be many freshwater springs left in Nairobi, but hope certainly springs eternal here. We keep hoping for the ‘Nairobi we want’, or even the ‘Nairobi we had.’ Anything but the ‘Nairobi we have.’ Is there reason to be hopeful again? Well, the regular game of musical chairs at the top has completed […]
Read More“Most companies grade their employees’ jobs using some kind of ranking or rating system based on job evaluation. The grades assigned are intended to assess fair pay for people doing the same work, and are usually public, like the letter grades of schools. In theory, these systems are supposed to help people manage their careers, […]
Read MoreDuring boom times, this is what companies say: “Employees are our greatest asset. We are nothing without our staff. We are a people business. Our greatest mission is to nurture talent. The only sustainable competitive advantage is what we do with people.” Blah, blah, blah… During recessionary times, this is what companies say: “Challenging global […]
Read More“In financial history, Ponzi schemes – the fraudulent enterprise of paying off old investors with money collected from new ones – are the most peculiar of crimes. Before they are detected, they seem exquisitely pleasing to perpetrators and victims alike. The fraud appears to be a bountiful gift that the confidence trickster, a generous soul […]
Read MoreHi All You may have noticed some problems with the website over the past few weeks. These were caused by hacker attacks that disabled some functions, most notably the e-mail article distribution. Our sincere apologies for this – we are doing our best to address. The e-mail function has now resumed – you should have […]
Read MoreI went on the attack against the ‘followers’ in this country last week, and asked that we all examine our everyday behaviour rather than wait for ‘leaders’ to sort us out. The attack continues this week. We heard recently that a magistrate had been killed and his body dumped on the roadside. Newspaper reports now […]
Read More“Coote got me in as a director of something or other. Very good business for me – nothing to do except go down into the City once or twice a year to one of those hotel places – Cannon Street or Liverpool Street – and sit around a table where they have some very nice […]
Read MoreThere is a prominent new sign on Nairobi’s Uhuru Highway, just after the University Way roundabout. It says: “No stopping for buses and matatus”. Rightly so: it is very dangerous for vehicles to stop on a busy fast-moving highway – the chances of a pile-up are big. And guess what? That is exactly where buses […]
Read More“P&G’s unbroken sales and profit growth under (AG) Lafley has brought great rewards to his investors and to him. He was paid $23.5m last year, with $6.6m in cash, and he holds a huge amount in P&G stock. Yet there are no discernible trappings of wealth on his person or hint of hubris in his […]
Read MoreIcarus flew too close to the sun, and came crashing down into the sea. He became giddy with excitement at his ability to fly, and was punished for his over-confidence. That is a Greek fable, but all societies have their tales about the phenomenon of hubris – the excessive pride or arrogance that so many […]
Read More“It is easy to see that life is the cumulative effect of a handful of significant shocks. It is not so hard to identify the role of Black Swans, from your armchair (or bar stool). Go through the following exercise. Look into your own existence. Count the significant events, the technological changes, and the inventions […]
Read MoreWe are now getting very excited about the arrival of the various undersea fibre-optic communications cables in Kenya, are we not? I certainly am, probably more than most. The internet is a great tool for me: it is the medium through which I communicate most often; where I conduct most of the research I need […]
Read MoreVision: To be a leading provider of quality products and services in the region. Mission: To deliver quality solutions and excellent returns and service to all our esteemed stakeholders through consistent best practice. Values: Excellence Teamwork Quality Customer Focus Professionalism Social Responsibility Do your vision, mission and values statements look anything like what I’ve put […]
Read MoreFinance Minister Uhuru Kenyatta tells us that we are going on a national belt-tightening exercise. Government is going to cut out unnecessary foreign trips, workshops, and conferences by its leaders and functionaries; we are going to cut out all unnecessary hiring of cousins and sycophants; and we are going to suspend all spending on luxuries. […]
Read More“During the bursting of the tech bubble, our management developed a set of principles, or objectives, which would guide it through the downturn, however long and deep that might be. The principles are probably somewhat generic, but perhaps could be tuned for each situation. Our principles were: “We will attempt to remain cash flow neutral […]
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