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Leaders Talk Leadership

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Editor:            Meredith Ashby and Stephen Miles

Publisher:        Oxford University Press, Inc

Reviewer:        Goke Ilesanmi

Leadership, they say, is key to everything. That is why we are reviewing this book entitled ‘Leaders Talk Leadership’ with the subtitle ‘Top Executives Speak Their Mind’ this week. It is edited by Meredith Ashby and Stephen Miles, business analysts at Heidrick & Struggles International, Inc, the world’s premier executive search and leadership services consulting firm.

Ashby and Miles work with the firm’s Vice Chairman of board services to deliver cutting-edge thought leadership on topics such as governance and human capital to clients worldwide.

Additionally, Ashby is a business development specialist in the firm’s office of the Chairmen and Miles is involved in the firm’s leadership services practice.

These editors ask the questions of what gives companies the competitive advantage? How do CEOs lead in times of crisis or instability? Why do some companies identify, attract, develop and retain their best and brightest talent? Ashby and Miles illuminate that these are some of the questions that they wanted to answer as they conducted interviews with hundreds of CEOs, senior managers, financiers, academics and leadership and management experts.

These editors submit that production of this text was as a result of their unprecedented efforts, adding that this text contains strategies of men and women who have proven credentials as leaders time and again. Some of these leaders are Ken Chenault of American Express; Steve Reinemund of PepsiCo; Ken Lewis of Bank of America; Michael Dell of Dell Computer, etc.

Ashby and Miles stress that all these corporate leaders make clear, some of the world’s most respected, value-driven companies deriving an ever-increasing part of their valuations from the collective power of their intangible assets: brands, partners, intellectual property and people.

These editors say an overarching theme that emerges again and again is that the greatest single asset of any organisation is its human capital, the people with a vested interest in the business, to whom the business must in turn show a similar commitment in order to remain competitive.

They educate that from innovative and aggressive recruiting to progressive executive development programmes to creating developmental opportunities for promoting executives and to the challenging task of retaining highly-talented, motivated and productive teams, chief executives today face the daunting task of creating an environment in which people want to, and can, perform at the highest levels of their potential.

Ashby and Miles illuminate that those CEOs that have not questioned whether their companies are attracting, developing and retaining good people simply are not doing their company and the stakeholders justice. They assert that creative and influential leadership is the foundation of all great companies. They say this text taps into the collective wisdom of an unparalleled group of highly accomplished leaders and distills this wisdom into succinct essays.

As far as structure is concerned, this text is segmented into five chapters. Chapter one entitled ‘Leadership’is contributed by John Thompson, Vice Chairman of Heidrick & Struggles International. According to Thompson here, “Part of the soft skill set for leaders today is agility. Decisions need to be made quickly, and teams have to be pulled together quickly. This requires extreme agility, and not many people are blessed with it. In fact, the reason that many CEOs and division Presidents fail is that they cannot respond quickly enough to changing market conditions. In addition to decisiveness and agility, there are basically three skills that are predictors for success. First, there is capacity. Capacity comes in many forms: innately, it is your knowledge and basic intellect…. Capacity also encompasses the experiences, both positive and negative, that teach and train you how to manage and how to handle the circumstances you encounter as a senior executive.”

This contributor says the second key soft skill that successful leaders possess is motivation. He stresses that successful leaders have a passion for building teams and organisations. Motivation is something you can help people with by giving incentives, but it is not a definitive skill that can be acquired through training, submits Thompson. He says unlike capacity, you either have motivation or not.

Thompson asserts that the final skill we probably look for most of all in leaders is authenticity. According to him, “Everyone talks about, but the fact is that an infinitesimally small percentage of the population are universally acknowledged to possess that quality…. An authentic, charismatic business leader is someone who is consistent and not a sort of chameleon, changing colours for certain groups.”

Chapter two is based on the subject matter of managing human capital and is written by John Hagel, a business consultant and author. Here, Hagel says the three trends converging that explain the abundant demand for qualified talent today are: performance demands on business are increasing; surplus is shifting from a structural advantage to a human capital advantage and shortages in key skill sets/experience become the bottleneck to value creation.

Chapter three is entitled ‘Establishing competitive advantage in today’s market environment’ and is contributed by Orit Gadiesh, chairman, Bain & Company. According to Gadiesh, “Establishing a competitive advantage is vital to every leader’s agenda. A competitive advantage is defined by a company’s unique offer to specific customer segments, based on its position or capabilities that are superior to its competitors’. In order to be successful, a firm needs to communicate that advantage very simply to all stakeholders.”

Chapter four focuses on strategic change and transformation is written by Elspeth Murray and Peter Richardson, professors of Strategic Management, School of Business, Queen’s University and Stephen Miles, a business analyst with Heidrick & Struggles International, Inc.

Chapter five is entitled ‘The stakeholder’s view’ and contributed by Stuart Francis, MD and head of global technology investment banking, Lehman Brothers.

Conceptually, this text is excellent. As regards style, it is an embodiment of success in that it maintains brilliant unification of stylistic variety. This is expected given that the chapters are written by different intelligent contributors and edited by Ashby and Miles, two brilliant editors.

What’s more, the title of this is short, simple, yet assertive.However, an error is noticed on page 11 thus, “Decisions need to made quickly, and teams have to be pulled together quickly” instead of “Decisions need to be made quickly, and teams have to be pulled together quickly.”

On the whole, the text is excellent. It is a must-read for those who want to be great leaders.

GOKE ILESANMI (FIIM, FIMC, CMC), CEO of Gokmar Communication Consulting, is an International Platinum Columnist, Professional Public Speaker, Career Mgt Coach and Certified Mgt Consultant. He is also a Book Reviewer, Biographer and Editorial Consultant.

Tel: 08056030424; 08055068773; 08187499425

Email: [email protected]

Website: www.gokeilesanmi.com.ng

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Nigerian telecom operators ask NCC to approve price hike

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Telecommunication operators in Nigeria have said they are the only service providers that have not implemented price increments in the last 11 years despite soaring inflation.

The Association of Licensed Telecom Operators of Nigeria, ALTON, and the Association of Telecommunication Companies of Nigeria, ATCON, disclosed this in a recent joint statement.

The associations noted that current telecom sector pricing does not align with economic realities, threatens the industry’s sustainability, and can erode investors’ confidence.

The operators said the time has come for the Nigerian Communications Commission to approve price increments for the sector.

“ALTON and ATCON respectfully reiterate that telecommunications infrastructure development requires substantial investments in network expansion, maintenance, and technology upgrades.

“Despite the adverse economic headwinds, the telecommunications industry remains the only industry yet to review its general service pricing framework upward in the last (11) years, primarily due to regulatory constraints.

“For a fully liberalized and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode investors’ confidence.

“ATCON and ALTON call upon the government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability”, the statement by ALTON Chairman Engr. Gbenga Adebayo, and the President of ATCON, Engr Tony Izuagbe Emoekpere, said.

The development comes amid Nigeria’s soaring inflation, which stood at 33.20 in March 2024. This is as energy costs keep rising in Nigeria.

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Ogun Govt sympathises with victims of Ado Odo/Ota over rainstorm destruction

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…’We’re in touch with IBEDC for prompt action’

Ogun State  Government said it  is in touch with the Ibadan Electricity Distribution Company (IBEDC) to ensure the immediate fixing of poles damaged as a result of rainstorm occasioned by Sunday’s downpour in some parts of Sango in Ado Odo/Ota Local Government Area of the state.

The government, in a statement signed by the Special Adviser on Media, Hon. Kayode Akinmade said a team from the state government was in the area on Monday to physically ascertain the extent of damage and to know how to engage with IBEDC, as well as sympathising with victims.

Akinmade noted the cables had not been energised before the destruction, which saved lots of lives.

“Our team went on physical site inspection of the affected area on Monday to ascertain the extent of the damage and to know how to engage with the IBEDC team.

“We are currently working with the IBEDC team led by the Regional Manager and the Technical Head for the Ogun Region. Some of the less affected feeders have been restored and energised while the clean-up of the most affected areas has already started.

“Most of the poles on the roads have been removed while the remaining will be taken out today (Wednesday). We are working with IBEDC to ensure there will be full restoration of power in Sango Ota before the week runs out.

“The government is not relenting in its effort to make sure that we restore power to Sango Ota and its environs and we can assure the citizens that we are on top on the matter.

“We, therefore, commiserate with those whose properties were destroyed by the fallen poles, as the government urged those living in the area to remain calm.”

Residents of lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Roundabout, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode. Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate were affected by the disaster.

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Ortom urges Alia to work with SGF for more democracy dividends in Benue

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By Titus Atondu, Makurdi

The former Governor of Benue State, Chief Samuel Ortom, has called on his successor, Governor Hyacinth Alia to work in synergy  with the Secretary to the Government of the Federation, (SGF), Sen George Akume for sustainable democracy dividends to the state.

 Ortom made the call in Makurdi  while speaking at the public lecture organised by his former aides on the occasion of his 63rd birthday.

Ortom described Sen George Akume as a true father, his leader and mentor and attributed all his achievements in life to the SGF.

He  also thanked Governor Hyacinth Alia for his good will message on his birthday and warned that Benue state has not had the position of SGF in the past and called on Governor Alia to embrace and work with him to enable the state to benefit from the position.

“Benue is our state, we have no other state and no one will come from anywhere to bring peace to Benue.

“Alia must sheathe his sword and find ways to work with the SGF so that all of us can enjoy the dividends of that position,” Ortom maintained.

He noted that elections were conducted and won, litigation were entered and God gave him victory saying, “It is his responsibility to do the needful so that Benue state will be at peace.”

Ortom expressed worry  that Benue is under siege and the governor alone or the SGF and himself cannot fight it alone without working collectively. He therefore noted that, “We are available if we are called upon to support or add value to the peace efforts of the government so that our people can live and enjoy the dividends of democracy.”

He  enjoined Benue people to pray for their leaders, Ortom said, “If I had my way, I would have given everyone the opportunity to be the Governor even in a few days.

“The challenges are enormous. You would not understand the challenges we go through but when you are there, you will understand the issues better.

“Nigeria is passing through very difficult times and that was what I was fighting against and I’m happy that people appreciated what we were doing,” he explained.

He appreciated his former appointees for organising the celebration of his 63 birthday anniversary in his honour.

“I’m very humbled by this special lecture on my 63 birthday celebration. This is not my first but this is the first time I’m witnessing a lecture and I must say that I’m pleased and enriched with all that was said here.

“I was taken unawares. You have made me know that I am appreciated. I thought I was used and dumped. I’m grateful to God for the eight years in office. I did everything with the fear of God, with equity, justice and fairness.

“I must have stepped on toes and those I know and those I didn’t know, I ask for forgiveness. I am humbled by this programme and further encouraged by your presence, kind words and prayers,” Ortom testified.

Guest Lecturer, Prof Samuel Aghalino, in the department of History and International Studies, University of Ilorin who is also the President Historical Society of Nigeria said, “Ortom was that Governor with a face cap. Anyone with a face cap is a revolutionary.

“Ortom played a significant role in extending politics beyond the borders of the state.

“He is one of the few politicians that stood in defense of his people, and was passionate in standing for human value while also demonstrating uncommon leadership.

“He was committed to the wellbeing of his people and stood vehemently, against the then government for murdering justice, fairness, equity and accountability, adding that Ortom expressed a rare readiness to cooperate with the investigations.

“He was a servant leader at a great cost to himself. At a time, during the Buhari administration, the doors of Aso Rock, the seat of power was shut against him for speaking the truth to power and holding the powerful accountable. I wonder how he survived.

“Ortom believes that politicians do not have to strive to be perfect to provide good governance to the people because only God is perfect. In his mind, you only have to love the people, therefore when it comes to democratic considerations, Ortom represents the school of thought that existence must take precedence over essence in governance.”

He said Ortom will be remembered by his people for the numerous things he has done and still doing.

Nigerian NewsDirect reports that the lecture was graced by prominent personalities like the former Attorney General of the federation and minister of Justice, Mike Aondakaa, Speaker, Plateau State House of Assembly, Gabriel Dewan, Member representing Apa-Agatu Federal Constituency, Pastor, Ojotu Ojema, Former Deputy Governor, Engr Benson Abounu, representatives of the Tor Tiv, Professor James Ayatse, Ter Gwer Dominic Akpete, the Ochidoma, Ogabaidu John Elaigwu represented by Dr Chris Ijale among others

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