Great ideas are about customer value creation at the lowest cost possible. It is not easy to be innovative without contextual understanding. And that is where many motivational advisors on Twitter, etc get it wrong. To earn big, you need skills, discipline, and consistency. The Internet is full of ideas. Amazon is full of books with great success stories. Facebook, Google, Apple, etc are great stories in the motivators toolkit. Without context, however, it is sleep dreaming. A winning idea in the US, or Europe, for example, is sure to scale or attract outstanding investors because of the supporting infrastructure…
Tips to transform your team with a high-performance culture, part 1
How do you create a high-performance culture? How do you get staff morale through the roof through commitment and not compliance? How do you manage change initiatives effectively? The subject of effective change management is one of the differentiators of a great leader and an average one. Read more
How to motivate your staff in 2022
2020 and 2021 have been dark years. During these years, the world has been under a dark cloud setting. But humanity will always thrive and overcome any challenges. And 2022 is no different. The question is how do you prepare your staff to win in 2022. Read more
Planning to win in 2022
The era of research paper strategy documents is long gone. You need an actionable, crystal-clear strategy for a fundamental shift. A research paper strategy is one with lots of literature review, generic SWOT analysis, etc without direct linkage to strategic choice and objectives. You have a document in which you can remove a company name and replace it with another, and surprise, it becomes a strategy for another company, just like that. Such plans fail at execution. If the rate of change of the external environment is faster than the rate of change of your internal environment, what will happen…
Basel II Accord swift compliance implementation
Are you a supervised Financial Institution? Do you want Basel II Accord swift compliance at an affordable cost? Worry no more. At Summit Consulting Ltd, we have developed a Basel II toolkit to facilitate your swift compliance to the Central Bank’s Instruction Circular ‘EDS.306.2’ dated 8th April 2021 with the subject matter “Implementation of the Basel II Accord in Uganda.” According to the Instruction Circular, all Supervised Financial Institutions (SFIs) are required to assess their internal capital adequacy for covering all risks they can potentially face in the course of their operations. SFIs are obliged to comply with the requirements…
Here is why you must identify and close revenue leakages
A leaking container cannot hold water for long. In 1992, my grandfather taught me a leadership lesson, that I never grasped well at the time, until I was of age to relate it to life events that I got to understand. I am sure you too have lessons you grasp, as you grow older. It is normal. Mzee Ataanansi Komunjara Akiiki was a religious man of integrity. He always said two things i) trust after controls, and ii) a leaking container cannot hold water. One day, he took me on a lesson on why I should always take time to…
