Friday 27 April 2012

My Transformation


During my admission interview, I asked my interviewer if a graduate with an arts background would be able to cope with the level of number crunching required on the programme, she assured me that I would. Soon enough I realized that to survive, I had to be a go-getter.

The splendid transformation began the very moment I stepped into the school premises. It was really fun- filled, but before I knew it, the steam was blowing hot.
It was way too difficult for me to adapt to the case and class participation method of teaching adopted by LBS. The combination was like a sound of multiple bomb explosions in my brain.

I struggled, strived and as a passionate survivor I devised a means of achieving personal transformation. LBS instigated a tremendous change in me. It was like passing through a burning furnace and coming out renewed. I practically experienced the fact that “knowledge is power!”

The MBA experience has given me a great competitive advantage and it has revealed my other hidden potentials which I can now utilise to create and add value in society.

Ada Igah is a second year MBA student, and can be reached at adamma.tochukwu-igah@alumni.lbs.edu.ng

Thursday 26 April 2012

My first week, this semester


Interesting week it was, I must say. We came back from a short four day break to begin the third semester and all my colleagues were looking forward to the course, Strategy Management.  Some time ago, the facilitator of the course, Dr Tunji Adegbesan sent us a mail on how he was looking forward to meeting us and jokingly told us that the course was the life blood of the MBA program at LBS.

In trying to sum up the most important part of the 1st week of the semester, I would definitely say it is the three Strategy Management sessions we have had.  I learnt that one has to be careful not to follow conventional logic and also that before you move all out to start creating a strategy for your business, make sure you are operationally effective in the first place. Being operationally effective might just give you an advantage over your competitors, especially in a terrain like Nigeria where people just want to get paid for delivering minimal value.

Oghenerume Sigbenu is a first year MBA student at the Lagos Business School. He can be reached at lucky.sigbenu@lbs.net.ng

Wednesday 25 April 2012

Of ‘Strategic’ Strategies and ‘Tactical’ tactics!


These days, (with the benefit of having enrolled onto a rigorous full-time MBA programme whose coursework is laden with its fair share of pseudo - academic jargon and ‘industry proprietary language’ across disciplines such as Finance, HR, Marketing, Operations Management & Logistics, IT etc), I have somewhat unwittingly become wary of such words like ‘strategic’  and  ‘creativity’, and consequently, have found myself becoming instantly suspicious of frequent proponents of the word, both in verbal exchanges and documented presentations…..as a matter of fact, it is not uncommon to come across people – professionals, MBA students, ‘management’ consultants and others in such ilk brazenly throw such buzzwords, terms and phrases around in discourses, presentations e.t.c,  to the extent  that some folks apparently cannot help mentioning the word strategic at least once in every other sentence, culminating in the effect of making otherwise ordinarily meaningful and purposeful words lose their very essence, thus becoming little more than weather-beaten clichés…..I can almost swear I’ve heard the ludicrous phrase ‘Strategic tactics for long-term growth’ in use by someone somewhere.

Particularly in my area of interest (and specialization), I have observed this is one plague to which many a marketing/brand consultant succumbs to. Now, in the field of marketing, one fundamental realization is that brands are complex, abstract and difficult to pin down. However, in endeavoring to define them, it appears we oftentimes forget this. With techniques such as brand pyramids and a thousand and one other varied, complex ‘proprietary tools’ of different orientation, we attempt to constrain and control them. Rather than trying to understand brands in their natural habitat, we box them in enclosures-turning them into guinea pigs of sorts. We do recognize, of course that pyramids, onions, mappings, brand wheels, master brand keys and other myriad techniques indeed can prove to be useful tools/disciplines that help in the distillation process – but a key and objective question remains that  ‘do they really help define the unchanging core values of a brand?’ We spend ages debating and rationalizing the nuances of synonyms, performing semantic gymnastics to prove that Brand X is different from Brand Y, and ceaselessly agonizing over whether something is an Emotional Benefit or a Brand Value or in fact the selling proposition – a distinction we struggle to understand in the first place. At the end of the day, where does all of this get us in real terms? More often than not, a pile of disjointed words that look like little less than explosions in a bombed-out thesaurus factory. Unfortunately, when we eventually succeed in building our pyramids and agreeing that our brand is contemporary, stylish, relevant, inclusive and other usual suspects, we fall into the trap of thinking our job is finished. In reality, though, we are no closer to articulating ‘core essence’ than when we began – even if that particular box has been filled in. What should be rich, complex and, by definition, pain-staking to articulate only ends up more confusing and sadly subjected to assisted suicide by a thousand adjectives and buzzwords., by no means helped in the least by the phenomenon called Microsoft Power-Point (Like one of my clients, a senior marketing manager with one of the banks, while I was working on the agency side was wont to say “As if we strong brands had not been successfully built and nurtured long before the advent of Microsoft Powerpoint)

The foregoing brought to mind our recent encounter as MBA candidates (and job-hunters!) while attending a ‘rigorous’ assessment centre conducted as part of recruitment processes by one of the major GSM telcos in Nigeria just last December. At the assessment, we were expected to make individual presentations around a business case, and were prevented from utilizing Microsoft Power-point, so as to make for a level playing field where thoughts and ideas could be evaluated and appraised in their raw form, on the basis of what I’d term ‘intellectual merit’, making for the separation of what is intellectual substance on one hand, and what are merely ‘superficial’ aesthetics on the other, which is one thing the phenomenon called Powerpoint adequately avails us all of….in a sense, it’s like what they say about the visual representation of a girl you meet on Facebook, a platform on which ‘profile pictures’ have been severally airbrushed and notoriously embellished thanks to Adobe Photoshop.

Do not get me wrong however!

I’m not saying there’s no provision at all for a competent MBA or consultant as the case may be to display his well-earned ‘swagger’. If at all anything, it’s what sets you apart from the crowd and even increases your clients’ “willingness to pay” in certain instances…..or on a lighter note, I ask rhetorically “how in fact do you want them to know you attended Harvard..or INSEAD…or Lagos Business School if you don’t, in fact, engage in some occasionally well-timed term-dropping?”

Our own Dr. Tayo Otubanjo never ceases to emphasize the fact that in the boardroom, it’s as much a battle of WORDS as it is one of wits, and as an MBA desirous of making ‘impact’ in the corporate battleground out there, you just must bring yourself to terms with the prevailing industry jargon…Talk, as they say, is cheap quite alright, but if you’re skeptical about the essence of ‘talk’ (with or without requisite action to back it up!), check out our revered statesmen, politicians and captains of industry, they certainly do have their uncanny ways with words. So, you see, there’s indeed a place in the scheme of things for buzzwords, howbeit backed with impeccable content.

My guess is that as a consultant, an MBA or a professional generally, the onus lies on you to figure out your audience or client…you’re better off knowing what makes them tick……..some may get blown away from your nice power-point slides and technical jargons, while others place premium on getting to the ‘meat’…the real insights from your work…..whichever side of the divide you find yourself, ensure your work or presentation adds some deal of tangible value… not just a barrage of what my strategy teacher here at LBS humorously terms as ‘HOT AIR’, only embellished with the aesthetics of colorful power-point layouts, cumbersome tables and charts and interspersed with high-sounding pseudo-academic jargon such as, to mention a few, such as ‘brand hegemonisation’, ‘brand oxygenation’,  ‘socio-cultural attitudinal nuances’, ‘paradigms’, ‘de-massification’,  ‘reconceptualization’, ‘splinterization of markets’, ‘symbiotic linkages’, ‘dimensionalization’…….I’ll stop here as I reckon you’re probably rolling on the floor laughing at this juncture.

The take-out is that there’s absolutely beauty in simplicity….howbeit logical simplicity.
Interestingly, I read that Lord Rutherford used to tell his staff at the Cavendish Laboratory in Cambridge that if they couldn’t explain their physics to a barmaid, then it was bad physics!

Frankly, it’s a trap I’ve fallen into myself at various times and I agree that it takes conscious effort to guard against falling victim. Pondering on all of it however, I reckon It definitely was not intended to be this complicated!

Tomi Ogunlesi is a second year candidate on the FTMBA programme at Lagos Business School with interests in marketing and brand management. He can be reached at tomijogun.ogunlesi@alumni.lbs.edu.ng

Wednesday 18 April 2012

MBA Student of the week


Currently an MBA student at the prestigious Lagos Business School, and a First Class Degree holder in Computer Science from the University of Lagos, Jide Olatunbode is poised to take the world by storm. Jide has a strong background in IT having worked with top firms in the IT industry and is also a freelance software developer.


Jide is a strong believer in the Nigerian dream. He believes that given the right structures and people at the helm of affairs, Nigeria could attain greatness. 


In his spare time he speaks to secondary school and university students on academic excellence. 


He also has a soft spot for the yummy things of life such as cake and small chops, as evidenced by the picture above.


Jide's writeups are archived at http://readjideswords.blogspot.com

Tuesday 17 April 2012

Times



Times I wake and wonder what lurks in 24hrs duration in a black nation

Times I listen to communication, only to get PDP drummed into my perception

Times I hear our leaders utter words of deception for our adulation

Times I switch on the set to see aversion within a black nation

Times I quail when given information of nearby depredation

Times I assess how pauperization has ruined a gifted multiplication

Times I witness the scenario lead to perversion of our generation

Times I stay in familiarization with others for 90 minutes duration

Times I hear conversation lead to talk of emigration

Times I wonder if having a black coloration is a transgression

Times I feel abduction from my Southern habitation

Times I struggle to relaxation with a body in desolation

Times I sense an inspiration of no social transformation.

How I wish I could be relieved of such Times

Monday 16 April 2012

Why Hospitals Struggle to Survive

Like other professionals, Doctors are trained technicians in their field with hardly any training in business management. Given the belief that doctors are obligated to heed the ancient clarion call of saving lives one begins to ask: “should the practice of medicine be business or philanthropy”?

Some believe hospitals should be run as not-for-profit organizations. As for me, I strongly believe that a hospital should be managed just like every other profit making organization. Thus doctors should be able to smile at their books at the end of every financial year and should not have to contend with any figure that crosses the zero borders to give a positive value.
Whilst some hospitals have been able to properly position themselves in the industry (and trust me, these few hospitals are doing very well); others have continually struggled to survive and having carried out various researches, I have been able to come up with some strategic imperatives pertinent to the survival of hospitals as business entities.

Strategic imperatives for hospitals:

• Hire professional managers- like I said earlier, because doctors are trained technicians in their practice; they need to hire professional managers to effectively manage their hospitals as a business entities while the doctors concentrate on ‘saving lives’. What you find in hospitals today are doctors that concern themselves with every administrative function of the organization- from signing of vouchers to purchase of laundry items and even to the purchase of diesel for their generator set. This as you can see is not only very distracting but also deters a smooth and effective run of business activities. Hospitals should not only employ hospital administrators to manage their businesses but should also set targets to be met at the end of every financial year. This would not only ensure a smooth work flow but also a better business environment for all stakeholders.

• Continuous innovation and improvement- I remember a research tour through hospitals in Lagos and some other parts of Nigeria which I undertook recently. It was disheartening to see most of these hospitals in various stages of decay. In fact, it was sickening just walking down their halls. It was purely saddening that some hospitals had never renewed their paint, had dilapidated tables, and beds, in fact the whole building was in utter shambles. Still, such practices would honestly hope to make money in such states. How on earth would there be repeat customers when the hospitals look like waiting death traps instead of the healing centres they are supposed to be? Another major shortcoming of hospitals is the lack of proper Standard Operating Procedures (SOP). What you find in hospitals are staff running their daily activities based on what they think should be done rather than what is supposed to be done. In most cases there is no flow of information between departments and activities are never recorded. Hospitals have no choice other than to brace themselves up to the era of continuous innovation and improvement of processes, especially because of the opportunities they stand to get from international bodies interested in community health programs. This is because such bodies actively scout for hospitals that meet certain criteria as basis for partnership.

• Stabilizing medical personnel- As easy as this may sound, it’s currently the most difficult aspect of hospital management. Doctors-in-training spend an average of eight years in a Nigerian university and staff nurses/midwives spend an average of five. Not forgetting the stressful academic torture they’ve had to contend with, they go to work in private hospitals and are paid measly wages/salaries. It’s no wonder they opt for Government Parastatals or flee the country for better opportunities abroad. This has resulted in an inability of hospitals (especially the private ones) to retain medical personnel for up to six months. Although medical personnel could easily be replaced, a research on ‘what people really want from health care’ carried out in 2011 revealed that stability of medical personnel ranked third after prompt service and quality of care respectively. This is due to the fact that most individuals prefer to confide in and build a confidential relationship with their doctors over time. It is important to state here that most hospitals have realised the importance of this factor and have begun to devise means to stabilize their medical personnel over time. Some of the methods being employed include paying competitively, designing attractive benefits and retirement plans among others.
Other imperatives include Consumer Engagement, Total Quality Management and Quality Control. Regular feedback from customers is pertinent to a successful growth of any business to ensure a proper deliverance of quality.

I would like to end this note by saying great opportunities exist in the health industry, just waiting to be explored by hospitals that have been able to position themselves rightly over time. Hospitals should therefore brace themselves to a struggle of survival and either decide to play big and survive or remain small and die naturally.

Irene Kayoma is an MBA 9 student, passionate about developing the health sector. For more information on hospital administration and management, contact her via irenekayoma@gmail.com

Friday 13 April 2012

Who are we?



We are the full time MBA students of the Lagos Business School, and this is our blog magazine, The Ambassadors. We are excited that this is finally going live, and we invite you to go on this journey with us.
The blog will feature what we have to say about student life, our studies, campus events, clubs, experiences, our future and our passions. It will also feature our perspectives on pressing issues nationwide as well as worldwide. That’s not all; we’ll feature interviews with top CEOs, LBS startups, our world renowned facilitators, and alumni.
For aspiring MBAs, this is the go to place for tips and advice on how to get on the program, and for those who have ever wondered what an LBS MBA is all about, the search is over.
Look forward to our student experts in residence who will be sharing from their wealth of knowledge in specific areas such as marketing, project management, technology, etc.
My name is Stephanie, and I’ll be one of your hosts on this blog.
Kindly drop a comment, please spread the word, and share the link with all your friends.
Thank you.
Best Regards