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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How your body COMMUNICATES

How your body COMMUNICATES

Talking to people with arms folded gives the impression that you are bored, disinterested or uncomfortable and is a major closed gesture. 

By DEREK BBANGA

Body language is crucial in creating a positive impression and achieving your business goals. Additionally, being able to read the body language of others is an advantage. We reveal a lot about our attitudes, emotions and motives by the way we hold our bodies.

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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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4 steps to bring your team back to LIFE

4 steps to bring your team back to LIFE

Don’t set them up for failure, let them experience success

By ELIZABETH MUGUCHU

So there I was with a shiny new job, excited, ready to deliver and impress. On the first day, I’m greeted by a team of demotivated and unfocused employees. I am a strong believer in “hiring the right people and then letting them do their job” but different circumstances call for different management styles.

Once in a while a manager may find himself with a team that needs a little hand holding, and it may be necessary to be completely immersed in what the team is working on, to ensure they understand the vision that the manager wants to translate.

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CHANGING LIVES one girl at a time

CHANGING LIVES one girl at a time

Joseph Gichunge, Director, Jazza Centre, is in the business of training domestic managers and leasing them to households. He narrates his story to SAMMI NDERITU.

In 2013 and having just become parents, my wife, Leah and I were having challenges getting a domestic manager (DM). It was frustrating as we kept changing one after the other. We wondered if there was a place that trained them so that we could get a professional one who was ready to work. I started looking at the business model of security guards’ companies and got an idea. What if someone could bring the girls together, train them and lease them out?’ I imagined a situation where I could provide such a quick solution. This kind of thinking gave birth to my business, Jazza Centre.

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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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Five ways to take charge of your life

Five ways to take charge of your life

By JOYCE KADUKI

Every once in a while, we get to a point where we feel as if we are losing control of demands in our lives. Sometimes, it seems someone has taken over the driver’s seat, and we are right at the back, looking on helplessly at the speed and direction our lives are taking, yet being unable to do anything about it. It is a moment of powerlessness where we operate in reactive mode.

A situation like that is not sustainable. The question is, how does one end up there? Even more important, what should one do to retain or regain control of their life?

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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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