News
Lead Without Title
The greatest challenge facing many organizations globally today is leadership. Nine out of ten Chief Executive Officers of small, medium and big corporations view people as their number one critical success factor. Meanwhile, six out of ten employees end up not having the skills or attitude or attributes they claimed to possess at the interview or stated on their beautifully and professionally crafted curriculum vitae.
Lead without title, is a new management concept recently popularized by Robin Sharma, one of the world’s top success and management coaches- to draw the attention of business executives to the inherent dangers in leading with title both for the organization as well as its people.
Principles of Leading without Title:
Lead without title as a management concept focuses on grooming every employee to have a leadership and ownership mentality regardless of such employee’s position in an organization. The question is: how do we make a cleaner or a security guard in Zenith bank, for instance, to have the same mentality like Jim Ovia, the CEO? The success of any organization depends not on its gross staff strength but on how many leaders it has among its employees. Like the slogan we used to paste on the staff notice board of Nigerian Bottling Company some years back says: ‘take this business as your own and 100% of your decision will be the right ones’. The concept of leading without title aims at making employees to have a new mind-set that leadership has little to do with the title on the business card or the size of an office or the rank of an officer. Furthermore, leadership is not about how much money an individual makes or the naira worth of clothes he wears. Neither is leadership about an individual’s family status. Leadership is a way of life, a philosophy or principle; an attitude and a state of mind. According to Robert Joss, dean of Stanford Graduate School of business: ‘’ by leadership I mean taking complete responsibility for an organization’s well-being and growth, and changing it for the better. Real leadership is not about prestige, power, or status. It is about responsibility’’. Leadership in an organization talks about who gets the problem solved fastest and at the least cost, who fixes it before it breaks, who has banana for the monkeys, who has the staying power, who has the strength of character and discipline, who has the persistence, who sees the big picture all the time and live it…Leading without title entails, a paradigm shift; it is a win-win situation for the organization and its people, the goal for all staff from the Chief Executive Officer to the cleaner is one but the responsibility may differ. Lead without title de-emphasizes ‘big-man syndrome’ in an organization.
Against the backdrop of the foregoing, if there is, therefore, any issue that should occupy the attention of CEOs today, more than any other management challenges, it is how to inculcate the concept of leading without title into the DNAs of our respective organizations. A cursory look at the performances of most of the multinationals companies in Nigeria when the indigenous CEOs took over in the 1980s will reveal a sad scenario of win-lose situation in some organizations. And the winners that emerged in the affected companies are the CEOs and the management staff. The big losers are the organizations they presided over as all the key business indicators of most of these organizations took a fast lane southward, while the respective bank accounts of individuals who managed these organizations swell.
Why Companies should de-emphasis Titles:
It is critical and urgent not only for individuals to lead without titles. But it is equally important for organizations in Nigeria to imbibe the new management concept of leading without titles .Of late, especially since the consolidation exercise of banks and insurance companies, the penchant for companies to parade their ‘ titles’ has gone to a dangerous level. Awards that have no meaning or bearing to the business are being sought by several organization from doubtful and obscure corners with a view to looking good. Even, some organization gave themselves awards! But the truth is, the companies that win at the end of the day the biggest share of the mind of consumers will be determined by the consumers based on only three variables: value for money (VFM), fit for purpose (FFP) and speed of delivery (SOD).Title has no place in the winning game! Why then this unbridled quest for titles? What lessons can we learn from the failure of organizations which had led with titles in the past? Can an herbalist anoint a pastor? – If no, why then should a bank seek legitimacy from those who know next to nothing about banking? Organizations need to be careful because many have gone the way of Daewoo company- in the process of leading with title. Not too long ago in Lagos, almost all the management staff of a big multinational were sent parking when the Board found out that the Management team had inflated the revenue and profit of the said company by unbelievable figures just to look good. It will be recalled that this same company and its leadership had been declared as the ‘’best’ in almost every key business indicators shortly before the bubble burst.
CWG Plc has announced a significant milestone in its commitment to delivering value to shareholders. Following a thorough review of the company’s financial performance and outlook, the Board of Directors has approved a substantial increase of 400per cent in dividend payout to shareholders.
This decision reflects CWG’s confidence in its financial stability, growth trajectory, and ability to generate sustainable returns. By enhancing the dividend payout, CWG aims to reward shareholders for their continued trust and support while reaffirming its commitment to creating long-term value.
Mr. Philip Obioha, Chairman of the Board of Directors at CWG Plc, said, “The decision to approve a 400% increase in dividend payout underscores our confidence in CWG’s performance and outlook. We are dedicated to delivering value to our shareholders and believe that this significant dividend increase is a testament to our commitment to shareholder value creation.”
This increase in dividend payout aligns with CWG’s strategic objectives to prioritize shareholder interests and maintain strong financial discipline. The Board remains committed to prudent financial management and sustainable growth, ensuring that CWG continues to be a reliable investment for shareholders.
As CWG continues to execute its growth strategy and expand its presence in the market, the Board anticipates that the increased dividend payout will further strengthen investor confidence and support CWG’s vision for the future.
CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.
Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.
This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.
The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.
According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.
He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.
“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.
A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.
He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.
Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.
He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.
Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.
Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.
Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Participants at the event
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
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