14.07.2016 Views

Dino Melaye, a disgrace to the Senate - Tinubu

Vanguard Newspaper 14 July 2016

Vanguard Newspaper 14 July 2016

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Vanguard, THURSDAY, JULY14, 2016 — 21<br />

& YOU<br />

,<br />

It is not enough <strong>to</strong> have a<br />

vision. We need <strong>to</strong> have<br />

processes and structures in<br />

place that will help us achieve<br />

<strong>the</strong> vision<br />

,<br />

people who are not exporters<br />

<strong>the</strong>mselves. You need <strong>to</strong> be wary of<br />

<strong>the</strong>se.<br />

The best way <strong>to</strong> learn about <strong>the</strong><br />

export business is <strong>to</strong> contact a<br />

seasoned exporter with years of<br />

experience in <strong>the</strong> business and ask<br />

him/her <strong>to</strong> teach you all you need<br />

<strong>to</strong> know before starting your own<br />

business. Practical teaching in a<br />

face-<strong>to</strong>-face setting is best.<br />

Identify products <strong>to</strong> sell: In<br />

Nigeria, <strong>the</strong>re are many<br />

commodities and resources that can<br />

fetch you huge profits in <strong>the</strong><br />

international market. But you will<br />

fail woefully if you try <strong>to</strong> sell <strong>to</strong>o<br />

many items at once.<br />

So, you should focus on only one<br />

product from <strong>the</strong> start. As you gain<br />

more experience, you can expand<br />

your scope <strong>to</strong> include o<strong>the</strong>r<br />

products. Start with products that<br />

you can easily make available in <strong>the</strong><br />

The best way <strong>to</strong><br />

learn about <strong>the</strong><br />

export business is<br />

<strong>to</strong> contact a<br />

seasoned<br />

exporter with<br />

years of<br />

experience in <strong>the</strong><br />

business<br />

required quantity whenever <strong>the</strong>re<br />

is demand for it. Cassava, cashew<br />

nuts, bitter kola, cocoa, charcoal,<br />

and kola nuts are very good<br />

examples of products <strong>to</strong> start with.<br />

Product sourcing: After<br />

deciding which product you would<br />

like <strong>to</strong> export, you need <strong>to</strong> decide<br />

how you will source <strong>the</strong> product.<br />

Basically, you have two options: you<br />

can ei<strong>the</strong>r produce <strong>the</strong> product<br />

yourself or buy from manufacturers<br />

or producers in wholesale<br />

quantities.<br />

For a start, buying from someone<br />

else is <strong>the</strong> easier and cheaper<br />

option, as you might not be able <strong>to</strong><br />

afford <strong>the</strong> cost of setting up and<br />

maintaining a production point. If<br />

you are going for this option, <strong>the</strong>n<br />

you need <strong>to</strong> find suppliers or<br />

producers of <strong>the</strong> product.<br />

Register your business:<br />

Legalising your business is one of<br />

<strong>the</strong> most important steps <strong>to</strong>wards<br />

starting any business in Nigeria<br />

and <strong>the</strong> export business is no<br />

exception. You must register your<br />

export business with <strong>the</strong> Corporate<br />

Affairs Commission. Aside giving<br />

you <strong>the</strong> legal permission <strong>to</strong> operate<br />

your export business, registering your<br />

business will boost your credibility.<br />

Before doing business with you, most<br />

foreign distribu<strong>to</strong>rs will try <strong>to</strong><br />

establish your credibility by<br />

requesting a Certificate of<br />

Incorporation and o<strong>the</strong>r documents<br />

showing that your business has been<br />

legally registered in Nigeria.<br />

Find your buyers: With <strong>the</strong> internet,<br />

export business has become easier<br />

than ever. You can find buyers for your<br />

products and seal trade deals right<br />

from <strong>the</strong> comfort of your room without<br />

necessarily holding a face-<strong>to</strong>-face<br />

meeting with <strong>the</strong> buyers. All you<br />

need <strong>to</strong> do is join trade websites,<br />

become an active member, and start<br />

sealing trade deals with interested<br />

buyers.<br />

Exhibit your products: Trade<br />

fairs and missions provide great<br />

opportunities for exporters <strong>to</strong><br />

showcase <strong>the</strong>ir products. As your<br />

export business grows, you will need<br />

<strong>to</strong> attend more of <strong>the</strong>se events <strong>to</strong><br />

create awareness about your export<br />

products. You have bright chances of<br />

meeting with potential buyers and<br />

sealing additional lucrative trade<br />

deals.<br />

Challenges: As a beginner in <strong>the</strong><br />

trade, some of <strong>the</strong> initial challenges<br />

one can encounter are: Lack of<br />

product and market information;<br />

Logistics management of export trade;<br />

Non-conversance with export<br />

procedures and documentation; Lack<br />

of access <strong>to</strong> funds <strong>to</strong> start export<br />

business; and Lack of export culture.<br />

O<strong>the</strong>r<br />

requirements<br />

To start exporting, individuals,<br />

companies/cooperatives should seek<br />

fur<strong>the</strong>r understanding on <strong>the</strong><br />

following subjects: Registration with<br />

NEPC as an exporter; Export<br />

Quotation; Product sourcing; Market<br />

knowledge; Funds sourcing; Making<br />

an export offer; Payment methods<br />

and; Export documentations. O<strong>the</strong>r<br />

information required are: Preshipment<br />

inspection of exports<br />

(NESS); INCOTERMS 2010 and;<br />

ECOWAS Trade Liberalisation<br />

Scheme.<br />

Financing your export : One<br />

major fac<strong>to</strong>r that s<strong>to</strong>ps most aspiring<br />

exporters in Nigeria from kickstarting<br />

<strong>the</strong>ir export business is<br />

funding. When you are sourcing<br />

funds for your export business, do not<br />

overlook any possible source.<br />

Approach members of your family<br />

as well as your friends who you think<br />

can afford <strong>to</strong> lend or give you all or<br />

some of <strong>the</strong> money you need. The<br />

advantage of seeking startup funds<br />

from your close ones is that <strong>the</strong>re is<br />

little or no pro<strong>to</strong>col or formality<br />

involved. Trust won’t be an issue,<br />

since <strong>the</strong>y have known you for years.<br />

Angel inves<strong>to</strong>rs are wealthy<br />

individuals and serial entrepreneurs<br />

who are willing <strong>to</strong> invest in business<br />

opportunities with huge profit<br />

potential. In return <strong>the</strong>y will take a<br />

share of your business.<br />

Whose role is it <strong>to</strong> run an<br />

organisation's vision?<br />

“Action springs not from thought, but from a<br />

readiness for responsibility.”…Dietrich<br />

Bonhoeffer<br />

IT is a big risk when <strong>the</strong> leaders<br />

are <strong>the</strong> only people that<br />

understand <strong>the</strong> vision of an<br />

organisation. There is yet a bigger<br />

risk when <strong>the</strong>y chose <strong>to</strong> run with<br />

<strong>the</strong> vision alone.<br />

Developing <strong>the</strong> vision is <strong>the</strong> first<br />

step; <strong>the</strong> second and most<br />

important step is running with <strong>the</strong><br />

vision. Two pertinent questions <strong>to</strong><br />

ask are: who owns <strong>the</strong> vision of an<br />

organisation, and who runs with<br />

<strong>the</strong> vision?<br />

The CEO (with <strong>the</strong> board or<br />

senior management) is expected<br />

<strong>to</strong> develop <strong>the</strong> vision of any<br />

organisation. The vision helps<br />

<strong>the</strong>m <strong>to</strong> know where <strong>the</strong>y are<br />

going <strong>to</strong>, and what <strong>the</strong>ir end state<br />

results will look like. That<br />

does not mean that <strong>the</strong><br />

CEO or senior<br />

management owns <strong>the</strong><br />

vision. As soon as any<br />

vision is being<br />

developed, it ceases <strong>to</strong> be<br />

<strong>the</strong> CEO’s “property”.<br />

Everyone in <strong>the</strong><br />

organisation now owns<br />

<strong>the</strong> vision.<br />

Core<br />

strategies<br />

Running with <strong>the</strong> vision<br />

is akin <strong>to</strong> implementing<br />

Leaders<br />

are <strong>to</strong> lead<br />

and<br />

navigate<br />

change in a<br />

way that<br />

will yield<br />

sustainable<br />

results<br />

core strategies that will help<br />

organisations achieve <strong>the</strong>ir end state.<br />

The CEO’s job is not <strong>to</strong> implement <strong>the</strong><br />

core strategies, his primary roles are<br />

planning and change. Employees<br />

implement <strong>the</strong> change, in o<strong>the</strong>r words<br />

<strong>the</strong>y run with <strong>the</strong> vision.<br />

I am disturbed. Why is it that in most<br />

organisations, only <strong>the</strong> senior<br />

management sees <strong>the</strong> organisational<br />

“big picture”? These people constitute<br />

about 20-30 percent in population.<br />

What happens <strong>to</strong> <strong>the</strong> o<strong>the</strong>r 70 percent<br />

who are middle officers?<br />

These groups of people in one way<br />

or <strong>the</strong> o<strong>the</strong>r are expected <strong>to</strong> run with<br />

<strong>the</strong> vision. Can you see why I am<br />

disturbed?<br />

Why is it easier for senior<br />

management <strong>to</strong> see <strong>the</strong> big picture? The<br />

answer is because <strong>the</strong>y have been<br />

taken <strong>to</strong> a “helicopter ride” and from<br />

5000 feet above <strong>the</strong> ground level <strong>the</strong>y<br />

were able <strong>to</strong> see <strong>the</strong> big picture.<br />

The CEO must ensure that everyone<br />

in <strong>the</strong> organisation sees and knows<br />

where <strong>the</strong> organisation is going <strong>to</strong> –<br />

this is a critical task.<br />

Whenever I am teaching Strategic<br />

Thinking <strong>to</strong> organisations, I always<br />

include a slide titled “Danger”. Why<br />

danger? Yes, <strong>the</strong>re is a big danger<br />

when <strong>the</strong><br />

CEO or<br />

Senior<br />

Management<br />

thinks that<br />

his/her idea<br />

is <strong>the</strong> best<br />

and only<br />

idea.<br />

Nobody<br />

has <strong>the</strong><br />

monopoly of<br />

best ideas. BY ‘UJU ONWUZULIKE<br />

When <strong>the</strong><br />

ideas of some group of people (younger<br />

officers) are disregarded and slighted, it<br />

negates <strong>the</strong> true fact that “people support<br />

what <strong>the</strong>y help create”. When this happens,<br />

<strong>the</strong> people involved might not work with <strong>the</strong>ir<br />

minds and hearts <strong>the</strong> way <strong>the</strong>y<br />

ought <strong>to</strong>.<br />

Points <strong>to</strong> ponder:<br />

For a CEO <strong>to</strong> achieve <strong>the</strong> organisation’s<br />

vision, everyone in<br />

<strong>the</strong> organisation must begin <strong>to</strong><br />

see <strong>the</strong> “big picture”. Mildly<br />

speaking, some employees do<br />

not know what <strong>the</strong>ir vision statement<br />

is. They also do not know<br />

what <strong>the</strong>ir core values are, so<br />

what guides <strong>the</strong>m and what have<br />

<strong>the</strong>y been doing?<br />

Leaders and Managers must<br />

avoid “DAD” syndrome when<br />

running <strong>the</strong> affairs of <strong>the</strong> entire<br />

organisation.(“DAD” stands for: Deciding<br />

– Announcing – Defending).<br />

They should ra<strong>the</strong>r enforce “Parallel Involvement<br />

Process”- where <strong>the</strong> views of<br />

employees are valued. Being a leader does<br />

not confer on us <strong>the</strong> right <strong>to</strong> use ve<strong>to</strong> powers<br />

on subordinates. Remember people support<br />

what <strong>the</strong>y help create.<br />

Final Note:<br />

It is not enough <strong>to</strong> have a vision. We<br />

need <strong>to</strong> have processes and structures in<br />

place that will help us achieve <strong>the</strong> vision.<br />

Remember structures influence behavior.<br />

The roles of leaders are <strong>to</strong> lead and<br />

navigate change in a way that will yield<br />

sustainable results.<br />

These results are achieved collectively.<br />

Senior management and <strong>the</strong> collective<br />

workforce should not focus on <strong>the</strong>ir<br />

personal goals but ra<strong>the</strong>r on <strong>the</strong> goals of<br />

<strong>the</strong> organisation. It is much easier <strong>to</strong><br />

achieve one’s personal goal(s) after<br />

helping <strong>the</strong> organisation achieve its goal<br />

first.<br />

For your views or perspectives:<br />

Email: uju.onwuzulike@mclgroup.net<br />

Mobile: 09091142093<br />

C<br />

M<br />

YK

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!