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by Sopakiriba Lawson - Sunday, 15 September 2019, 12:22 AM
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Recently one of my cousins shared a short story about two people in a relationship. The man was going through financial challenges and the lady did not believe in his potential to make it. So she walked out on him and ridiculed him with very unpleasant words. She concluded by saying he is not created to attain the class she is looking up to.  As soon as she left him another lady walked into his life. Five years later the man had made it and owned a company.

The man’s employee paid him a visit with his wife who was looking for a job. When the couple arrived at the house of the employer, they met his wife. The wife welcomed the couple but before she could ask them for their choice of drinks the husband (employee) excused himself to use the rest room leaving the two ladies behind. So the wife told the guest that her chef will get her something to drink and left her in the living room. Suddenly her husband (the employer) walked in with a drink for lady still looking very simple. As soon as she saw him and recognize him as her ex-boyfriend she started making jest of him. Reminding him why she left him five years ago, how she knew that he will never be successful in life. Telling him the class she now belongs to etc. While she was still speaking her husband (the employee) came out of the rest room and greeted his boss (his wife ex-boyfriend and did not know they knew each other). She could not believe her eyes when her husband introduce her to his boss. Her husband then ask her to give her resume to his boss and that the boss had promised to employee her.


[ Modified: Sunday, 15 September 2019, 12:25 AM ]
 
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by Chiamaka Nnake - Saturday, 14 September 2019, 11:58 PM
Anyone in the world
The Nigeria Bureau of Statistics recently released the Q2 2019 Capital importation report, which showed a total of $5.8 billion imported into Nigeria in the quarter. This represents a 31% decline from Q1 2019 and an increase of 6% year on year (Q2 2018). The Foreign portfolio investment accounted for 74% ($4.2billion) of total capital received in the quarter, other investment was 22.41% ($1.3billion) and Foreign Direct Investment (FDI), which accounted for 3.83% ($222.89m) of total capital imported in Q2 2019. Money market investment accounted for 81% of the total flow for portfolio investment in Q2 2019 and half year 2019 is at 82% By sector, Capital importation into banking and financial services accounted for 61% in Q2 2019, reaching $3.5 billion. The United Kingdom and the United States emerged as the top sources of capital investment in Nigeria in Q2 2019, accounting for 54% and 20% of total capital inflow, respectively. Lagos and Abuja are the top destinations for capital inflow to Nigeria, accounting for 71% and 29% of fund received in Q2 2019 respectively. The significant reduction in the fund inflow is partly related to the unattractive financial market. The equity market has remained bearish so far in the year recording -11.62% year to date, alongside a dwindling yield environment, especially for the money market.
 
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by Uche Ogbu - Saturday, 14 September 2019, 11:58 PM
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In my previous blog, I clearly explained that the attacks in South Africa are not Xenophobia but black on black attacks. That conclusion was based on the meaning of xenophobia: strong aversion or fear of a stranger. There are blacks and whites in South Africa that are not citizens. However, the attacks are directed on African foreigners only.

The causes of black on black attacks are:

I. The poor governance, economic meltdown, conflicts, and humanitarian crisis in the continent causing an influx of foreign nationals into South Africa.

II. The belief that the influx of foreign nationals put some strains on South Africa's resources. Minister of Health, Aaron Motsoaledi, said: the influx of these foreign nationals has placed a serious burden on our public health system.

III.  Political campaigns that fan the embers of violence against foreigners used to garner support (Kerr & Durheim 2013: 585).

IV.  The willingness of foreign nationals to work long hours for less, in effect, taking up jobs that unemployed South Africans should have survived on.

V.  The inconsistent and indecisive response of the South African police authority, firming up the belief that local authority is an accomplice  (PASSOP 2014c).

The above-highlighted causes are not exhaustive. However, they are the basic and main causes of black on black attacks by South Africans on their brothers from neighboring countries.

[ Modified: Sunday, 15 September 2019, 12:24 AM ]
 
Anyone in the world


Boris has been on the seat as the Prime Minister of Great Britain for just about 60 Days and he has lost 4 crucial parliamentary debates on Brexit. He is set to prorogue parliament for 20Days till the 14th October and the British public are opposed to this blatant attack on democracy. Europe is watching keenly as well as the world to see if the British people would eventually leave the European Union EU.

We are also watching interestingly, more for the drama than anything else. But what are we as Nigerians and as Africas watching to see. I mean what is in it for us in Africa and Nigeria? What impact will a Brexit Great Britain have on us as individuals and as a Nation? And personally, what do I stand to gain or lose as an entrepreneur.

From a Nigerian(African) perspective I would be putting my thoughts on Brexit in this two-part blog series.

First, let's get some facts clear. The EU was initially formed in 1957 and was called the European Economic Community, EEC, with members Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany when a Treaty was signed in Rome by these states. From this period up until 1993 when it was renamed EU(signing of the Maastricht Treaty), it took on new members including the United Kingdom in 1973. Trade flowed seamlessly unhindered between these countries without restriction and borders. Goods and services were offered as competitive prices by member states as comparative advantages, especially with manufacturing on the continent, were evidently aloof. It was a period of boom in Europe with the success of this system of trade and this established the infamous "Customs Union". The union had successfully integrated Europe like never before and more so without catastrophic loss of human life as was recorded with the conquest ambitions of World War I & II. Twenty-eight countries in Europe make up the EU from the initial 6 founding states.

All in all, the Union had achieved lasting peace and collaboration for six decades setting itself as a strong economic block, and now running a central policy & parliamentary system to which all nations participate in the enacting of laws on a democratic platform. To achieve greater monetary control the EU moved, in 2002, towards a unified monetary system with the floating of the EURO Currency. Since then 25 countries used the Euro but only 19 now use it as the central currency. Ten countries including the United Kingdom never adopted the Euro as the single currency.

On October 31st the United Kingdom would leave this parley of European nations and all its advantages to stand on its own with a deal or with no deal. The tussle now is with the British people and the state of the United Kingdom after this date. As a Nigerian, this state will either be positive or negative come October 31st, 2019.

..........To Be Continued

[ Modified: Saturday, 14 September 2019, 11:57 PM ]
 
Picture of Sopakiriba Lawson
by Sopakiriba Lawson - Saturday, 14 September 2019, 11:49 PM
Anyone in the world

When I resumed the MEMBA 8 class, at first every event was happening too fast for me to catch up with. The first intensive week was very challenging as my entire routine was completely altered. Even though I had made plans to adjust my schedule the reality of the demand of the programme was more than I imagined. However as I begin to settle in with the activities of the programme I was particularly excited about the quality of the lectures. The principles taught in ABP has been very helpful to me on my job.


 
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by Johnson Uzoma - Saturday, 14 September 2019, 11:43 PM
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I spent the last six days negotiating with three different companies on the possibility of them providing services to my company for the next 8 years. The objective was to get a good deal for my company and ensure they are protected from any issues that may come up in the future.

The contract document was 70 pages long and was shared with each company 6 week early. Irrespective of the work put into this document by our legal team, we discovered within the first hours of negotiation that there were lots of misalignments between what we intended in the contract and what the bidding companies understood.

Here are two lessons  out of many from my management communication class that were reiterated during this week of negotiation.


Never Assume: 

Never assume that what you wrote down or what you said is completely understood by the other party. It pays to ensure that the other party understands what was we intended to communicate. 

For example, at the end of negotiations with one of the companies, we felt we has struck a good deal and were about to round off negotiations for the day when a member of our team asked the lead from the other team what they understood by an important clause in the contract. We discovered that this company had a totally different idea from what was intended in the contract. if we had gone ahead without this clarification, we would have been in for a surprise in the future.

Tone of voice matters:

During negotiations, verbal and non-verbal cues play a key role in building rapport and getting buy-in from others. The lead from one of the companies we negotiated with spoke in a harsh and high tone, he shook his head in disagreement while listening to us and rudely interrupted us numerous times. He went as far as referring to everyone in my team as 'my friend'.

By the end of negotiations with his company, we knew there was no way we could work with him.



 
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by FESTUS OSIFO - Saturday, 14 September 2019, 11:18 PM
Anyone in the world

The application of shared meaning in communication.

In my work place, I have five French nationals who are my subordinates such I am expected to send a work program to them every morning. For over one year, I have been having issues with two of them who couldn't speak or write English very well. After the first intensive week in LBS, I learnt a skill from the management communications class that I have started implementing, and it has worked thus far. 

 From the class teaching, I realized the importance of shared meaning, encoding, decoding and feedback. In composing the daily program, I tend to make it as simple, clear and breve. Furthermore, I call them on phone in the morning after the work program has been sent to explain the task I have asked them to accomplish. At the end of the discussion, I will request for feedback to ensure there is shared meaning. 

 Since I started implementing this improved communication system, my colleagues are happier because they felt I now understand their special need, and the work scope implementation has improved drastically with reduced friction.


[ Modified: Saturday, 14 September 2019, 11:19 PM ]
 
Picture of FESTUS OSIFO
by FESTUS OSIFO - Saturday, 14 September 2019, 11:18 PM
Anyone in the world

The application of shared meaning in communication.

 

In my work place, I have five French nationals who are my subordinates such I am expected to send a work program to them every morning. For over one year, I have been having issues with two of them who couldn't speak or write English very well. After the first intensive week in LBS, I learnt a skill from the management communications class that I have started implementing, and it has worked thus far. 

 

From the class teaching, I realized the importance of shared meaning, encoding, decoding and feedback. In composing the daily program, I tend to make it as simple, clear and breve. Furthermore, I call them on phone in the morning after the work program has been sent to explain the task I have asked them to accomplish. At the end of the discussion, I will request for feedback to ensure there is shared meaning. 

 

Since I started implementing this improved communication system, my colleagues are happier because they felt I now understand their special need, and the work scope implementation has improved drastically with reduced friction.


 
Picture of FESTUS OSIFO
by FESTUS OSIFO - Saturday, 14 September 2019, 11:16 PM
Anyone in the world

The application of shared meaning in communication.

 

In my work place, I have five French nationals who are my subordinates such I am expected to send a work program to them every morning. For over one year, I have been having issues with two of them who couldn't speak or write English very well. After the first intensive week in LBS, I learnt a skill from the management communications class that I have started implementing, and it has worked thus far. 

 

From the class teaching, I realized the importance of shared meaning, encoding, decoding and feedback. In composing the daily program, I tend to make it as simple, clear and breve. Furthermore, I call them on phone in the morning after the work program has been sent to explain the task I have asked them to accomplish. At the end of the discussion, I will request for feedback to ensure there is shared meaning. 

 

Since I started implementing this improved communication system, my colleagues are happier because they felt I now understand their special need, and the work scope implementation has improved drastically with reduced friction.


 
Picture of Chiamaka Nnake
by Chiamaka Nnake - Saturday, 14 September 2019, 11:15 PM
Anyone in the world
The week started with a revision of all the concepts I have learned so far in my MBA. I tried to go back to revise all we studied during the intensive week, and for some concepts, I was unable to grasp, I decided to read other resources. As a group, we scheduled two classes; the first was on Tuesday when we reviewed the Corporate Financial Accounting assignment and on Thursday was to review the group's assignment for ABP. We started the assignment, but we were unable to complete, and we rescheduled to meet again on Sunday to complete the remaining part. On Saturday, we had a pre-module class for Management Communication. Everyone was asked to highlight key learnings so far in the course of the program and how they have applied it in their daily life. We were unable to get through to everyone before the internet connection cut short the process. For me, what I have learned so far in management communication are; ensure simplicity in communication, shared meaning improves communication and you learn to write by writing. My MBA journey has been exciting so far.
 

  
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