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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Tales of a young, aspiring WOMAN POLITICIAN

Tales of a young, aspiring WOMAN POLITICIAN

Sandra Belyon is a 30-year-old aspiring politician. She hopes to be the next Woman Representative of Kericho County. She previously declared her interest in the Kericho Senatorial by-election of 2016.

By SANDRA BELYON

I am happy to be among those women who have chosen the road less travelled. World over, there is a rising momentum encouraging and ensuring active participation and leadership of youth and women politics, especially within local government structures.

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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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Women should take these STEPS TO GROW

Women should take these STEPS TO GROW

Say “yes” to opportunities, then look for somebody who has succeeded to help you through a steep learning curve.

By SARAH RICHSON

Coaching and mentorship is increasingly becoming one of the most profound ways of developing and supporting female leaders, especially within Africa. There is currently a clear indication that women who choose to be coached and mentored rise much faster up the career ladder, showcasing excellent performance in their jobs. Both interventions work alongside the traditional interventions such as training and practical methods that aid personal and professional growth.

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How to execute a new strategy

How to execute a new strategy

By FRANCIS FONDO

Even at this day and age, many organisations view the launch of a strategic plan as an end to itself. There is normally pomp and celebrations during the launch where the full board, management and staff including, shareholders are in attendance. After the celebrations, everything is left to management to implement. Everyone else retreats to their cocoon hoping results will flow automatically.

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Mind your health at the office

Mind your health at the office

A holistic approach in terms of check-ups, preventive vaccines, follow-ups with doctors, nutrition education, exercise and stress management help in curbing lifestyle diseases.

By EDNA GOR

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Success is not by chance

Success is not by chance

By David Muturi

I love plans, and firmly believe that regardless of what you choose to do in life, the starting point is managing yourself. To do this effectively, you need a personal plan. Such a plan hinges on the basics of what you seek in life. Once you know what you want, you must define the limits that you would like to stretch yourself to in order to realize your dreams.

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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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