Entrepreneurship Archives

Plying the precise path to the peak

By Goke Ilesanmi

Whatever is worth doing at all is worth doing well. Therefore, it is imperative to aspire to be at the peak of your career or business. That is, the highest level. To achieve this feat, you must have the mentality that the sky is the beginning not the limit of your potential for personal or corporate success because you are capable of reaching farther into the success moon and stars through exceptional commitment, outstanding performance and/or distinction. Your ambition is attainable because whatever good idea you conceive and believe in as an individual or organisation, you definitely can achieve. Read the rest of this entry

By Goke Ilesanmi

Planning is very critical to business success. So also is strategy. In short, these two words are believed to be interchangeable or at least go together like Siamese twins. Little wonder that we have the phrase “strategic planning”. What is a business plan? A business plan is a formal document that articulates the direction of a business in a bid to accomplish its most important goal, that is, profitability. Profit does not come by accident. Read the rest of this entry

Manipulation can dampen employees’ morale

By Goke Ilesanmi

Manipulation is defined as the act of making someone think and behave exactly the way you want him to, by skilfully deceiving or influencing him. Though the person manipulating the other person or people may have his way for some time, the strategy of manipulation is not the one that is enduring – it does not last! When employees feel betrayed or manipulated, management’s attempts at motivation cannot achieve any positive result. Read the rest of this entry

Enhancing performance with high expectations

By Goke Ilesanmi

performanceEconomic performance is the basic function and contribution of any business enterprise, and the major purpose of its establishment. To achieve economic performance and results, a lot of (hard) work is required, and the work has to be thought through and done with direction, method and purpose. Peter Drucker, a renowned business management consultant says to make any business effective, the executive can start with a model of the “ideal business” Read the rest of this entry

 

By Goke Ilesanmi

 

Every day, managers and employees need to make decisions that have moral implications. And those decisions affect their company and shareholders. Conducting business in an ethical manner is the responsibility of everyone in an organisation for legal and business reasons. And as a manager, it is important to understand your ethical obligations so that you can meet your company’s expectations as well as model appropriate behaviour for others to emulate. Read the rest of this entry

By Goke Ilesanmi

Contrary to the academic notion that successful entrepreneurship begins with possession of viable and innovative ideas, it logically starts with having entrepreneurial or millionaire mentality, followed by having a core desire and identifying one’s specific entrepreneurial personality before considering possession of viable ideas. Read the rest of this entry

Fundamentals of entrepreneurial success

By Goke Ilesanmi

 Stakeholders have continued to blame the high rate of unemployment in this country on our school curricula that are not tailored towards making students entrepreneurs after graduation. Consequently, most times, graduates that even want to venture into self-employment or entrepreneurship after a long search for jobs do not know where to start from. This situation is worrisome, making sustained education in this regard a matter of compulsion. What is entrepreneurship? Entrepreneurship is the practice of starting new organisations, particularly new businesses generally in response to identified opportunities. Entrepreneurial activities are substantially different, depending on the type of organisation that is to be started. Read the rest of this entry

How Clear Is Your Vision?

By Goke Ilesanmi

 

Your exposure or experience determines the level of your knowledge. According to the Nigerian Yoruba tribe folklore, there was a man who was tired of life because he was financially poor and had just one or two clothes. He therefore headed for the bush to hang himself. On getting there, he was about hanging himself when he looked down from the top of the tree and saw a naked man walking along, thanking God that he was better than a deaf-and-dumb man around that could not verbally communicate his feelings.

Read the rest of this entry

Your Organisation Needs Catalysts

By Goke Ilesanmi

 

Present-day businesses need to be productive, competitive and profitable. To achieve all these, an organisation needs to be effectively managed. Organisations would definitely not be in business for long if they cannot keep an eye on the bottom line while pushing for results. In order to create a successful business, there is need for great managers who understand their business, customers and their people and are able to take the information and use it to mould results.

Read the rest of this entry

Employing Modern Language of Competition

One word that is very critical and often misconstrued in business circles is “competition”. “Longman Dictionary of Contemporary English” (2005 edition) defines “competition” as “a situation in which people or organisations try to be more successful than other people or organisations”. Probably as a result of rigid and negative interpretation of this definition by people and organisations, competition is taken to mean enmity. This negative perception is especially reinforced by the traditional language of “business is war”, articulated by the likes of Gore Vidal who promoted the gospel of “it is not enough to succeed; others must fail”.

Read the rest of this entry

 Page 1 of 2  1  2 »