Stay safe during elections

Stay safe during elections

At the polling station, be calm and do not talk carelessly about any candidate or the election process. You may be conceived to be an agent of the opposing candidates and this may trigger a fight.

By PATRICK NKUNGA

Crime is a complex event and can be described by the five dimensions of law: offender, target/ victim, place and time of the incident. This is according to Paul and Patricia Brantingham in their book Environmental Criminology. These five components are a necessary and sufficient condition, for without one, the other four, even together, will not constitute a criminal incident.

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What millennials need to succeed as entrepreneurs

What millennials need to succeed as entrepreneurs

60 per cent of millennials consider themselves entrepreneurs, and 90 per centre recognise entrepreneurship as a mentality.

By JACQUELINE OCHIENG

Millennials (also known as Generation Y) are described as people born between 1980 and the late 1990s.  This generation is tech savvy, their upbringing more characterised by a liberal approach compared to the generation before them and their life is fast paced. They are known to shift allegiance with ease and hence do not hold on to particular product usage or even stay in jobs for long periods. Unfortunately for them also, their entry into the job market is characterised by periods of rampant unemployment in many countries. Coincidentally, they are also termed the most innovative generation so far, a characteristic key in entrepreneurship.

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The value of innovative thinking

The value of innovative thinking

BY LIZZ WAMBUA

Innovative thinking is an ongoing process that involves use of internal and external data to find and develop unique opportunities and ensure creativity and innovation for superior performance. Today’s business environment is so dynamic and highly competitive since competition has gone global. Therefore, corporate strategies must go beyond the borders of nations and markets. Unique business insights and opportunities must be developed and applied to create the firm’s competitive advantage. A journal article “Strategic Thinking: 11 Critical Skills Needed” by J. Glenn Ebersole states that the greatest and most successful organisations in the world, over many years and decades, would think ahead and encourage great strategic thinking at least somewhere in their business plans. The following are some of the factors that highlight the value of innovation and strategic thinking.

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Computer security threats to look out for

Computer security threats to look out for

Cyber security predictions make it important for organisations to stay one step ahead of cybercriminals’ exploits. Here are crucial key security predictions for 2017. 

By RICK ROGERS

Prediction is very difficult, especially if it’s about the future,” as Nils Bohr, the Nobel laureate physicist put it. But as we begin 2017, it is useful to look forward and try to anticipate the cyber security trends that lie ahead; and reflect on what has happened over the past year, to see how accurate previous predictions were. Check Point Software Technologies predicted the following security threats in 2016:

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Clever ways to know YOUR COMPETITOR 

Clever ways to know YOUR COMPETITOR 

Gather information from companies’ websites, customers, surveys, conferences and social media to understand more about products and other environmental aspects for strategic purposes. 

By LIZZ WAMBUA

Competitive intelligence (CI) is the act of gathering and analysing information in order to gain knowledge on competitors, customers, products and other environmental aspects for strategic purposes.

Information is gathered from companies’ websites, customers, surveys, conferences and social media. Benjamin Gilad, a professor of business strategy and author, in his writing “Competitive Intelligence Shouldn’t Just Be about Your Competitors” says CI is a perspective on changing market conditions. This means identifying risks and opportunities early enough to allow the company adapt its strategy or in extreme cases, change it.

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How IT expert launched luxury fashion START-UP

How IT expert launched luxury fashion START-UP

Aprelle Duany describes herself as a nerd who adores fashion. Previously, an IT Auditor for one of the Big Four accounting firms in New York, she has degrees in Information Technology, media, as well as fashion. She pulls from her technical experience and approaches design and development from a problem-solving perspective.

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Are you strong enough to HIRE WOMEN?

Are you strong enough to HIRE WOMEN?

By JOYCE KADUKI

Most companies, professions, government institutions, and non-professional bodies such as political parties and churches have been historically dominated by men. Even now, there are more men than women at the workplace.

According to the International Labour Office’s publication Women at Work: Trends 2016, women’s labour force participation in 2015 was estimated at 49.6 per cent. The finding that there are fewer female employees than male is consistent with the results of another study – Women in the Workplace 2016 – which was conducted by McKinsey and LeanIn.org among over 130 companies and more than 34,000 men and women. This second study established that women remain underrepresented at every level in the corporate pipeline.

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Interest rate capping: Will it work in Kenya?

Interest rate capping: Will it work in Kenya?

Once the law comes into force, interest rates will drop to a maximum of 14.5 per cent given the CBR’s current standing at 10.5 per cent.

By MICHAEL WACHIRA

Kenya has 42 commercial banks, but the six largest ones popularly known as Tier One control 52.4 per cent of the entire industry. This leads to only a few banks controlling the market, just like any other economy across the globe. Banks act as middlemen through whom we deposit monies and get advances and loans. They make money from the differences between the rate which they pay the depositors and the one they charge the borrower. This difference is called the interest rate spread.

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How to transform insurance through big data

How to transform insurance through big data

Trends can be identified through various data sources such as medical history, lifestyle choices, demographics and even driving habits to ensure a correct pricing structure.

By FRANCOIS VAN DYK

Every now and then, a new buzzword pops up which remains fashionable for a while but then disappears again. “Big data” does not appear to be one of these terms. Many executives, entrepreneurs and marketers have now adopted it as part of their jargon – but the reality is many use the term without knowing the true meaning of it. Wikipedia defines big data as a “broad term for data sets so large or complex that traditional data processing applications are inadequate.”

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The evolution of PR measurement

The evolution of PR measurement

By FRANCOIS VAN DYK

Nairobi played host to the first World Conference on Public Relations in Emerging Economies (WCPREE) in November 2015. With more than 400 delegates from around 25 countries in attendance, it was a major event on the global communications stage. Hosted by the Public Relations Society of Kenya (PRSK) and its international partner, The Global Alliance for Public Relations and Communication Management, the event featured some of the world’s top minds on public relations and communications.

Global Alliance is one world’s biggest PR and communication management associations and institutions, representing 160,000 practitioners and academics around the world.

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