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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
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KEY STRATEGIESFOR DRIVING
ECONOMIC/BUSINESS SUCCESS IN 2012
Promoting Creativity, Knowledge, Ethics, Entrepreneurship and Management Excellence
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PRESENTED
AT
THE 2012 INTERNATIONAL CHRISTIANBUSINESS EXHIBITION/CONFERENCE
BY
SIR (MAZI) SAM I. OHUABUNWA, OFR
FOUNDER/CHAIRMAN
SAM OHUABUNWA FOUNDATION FORECONOMIC EMPOWERMENT (SOFEE)
PORT HARCOURT, AUGUST 11, 2012
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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
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CURRENT OPERATING ENVIRONMENT/
BUSINESS CHALLENGES
1. Impact of the Deregulation of the Downstream
Petroleum Sectors: Partial Removal of Subsidy
~ Jump in Cost of Transportation
~ Consequential Increase in Cost of Living~ General Rise in Inflation
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2. Decrease in Consumer Disposable Income
~ Overall Drop in Consumer Demand
~ Shrinking of Business Volumes and Turnover~ Pressure on Compensating Wage Increases
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3. Some Trimming of Cost of Governance Especially at
the Federal Level
~ Merger of Departments and Agencies
~ Cut in Salary of the Executive
~ Some Reduction in Travel and Administrative
Expenses
~ Some Containment of Legislative Expenditure
~ Reduction in Budget Deficit
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~ Public Works
~ Vocational Training
~ Material and Child Welfare Schemes
~ Enhanced Focus on Education and Agriculture
~ Unprecedented Investment in Security (1 Trillion
Naira).
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5. Overall Increase of National Income
~ Sustained above Target Oil Prices
~ Sustained targeted Oil Volumes
~ Sustained Growth in Non-Oil Revenues~ Additional Income from Deregulation and Privatization
6. Improved Level of Governance
~ Greater Demand for Accountability~ Higher Political Opposition
~ More Intense Civil Society Pressures
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7. Anticipated Improvement in the Level of Power
Supply/Stability
~ NIPP Projects Coming on Stream
~ Optimization of Generation Installed Capacity
~ New Investment in Transmission
~ Finally Unbundling and Privatization of PHCN
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8. Agitation of Macro-Economy
~ Rise in Inflation
~ Worsening of the Exchange Rate
~ Rise in Interest Rates
9. Rise of False Teachings and Doctrines
~ Full Blown Terrorism by Boko Haram in the North of
Nigeria
~ Disruption of Business and Distribution~ Displacement of People
~ Incipient Sectarian War
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~ Unending Feud in the Plateau
~ Resurgence of Criminality in the South of Nigeria* Kidnapping
* Militancy
* Full blown Oil Theft Regime
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10. Impact of the Sustained Global Economic Downtown
~ Stagnation in the USA
~ Recession in European~ Decelleration in Asia ( Especially China)
~ International Credit Squeeze
~ Continued Poor Performance of the Stock and Capital
Markets.
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Overall Situation
Tough Economic Environment, Worsened by the Security
Imbroglio despite sustained growth in National Income andGDP, but with increased public spending and better levels of
Governance especially from some states of the Nation
Rivers States inclusive.
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1. Strengthen Marketing Muscles and Intensity: Need to
Complete for Diminished Disposable Income
~ Theme~ Scheme
~ Public Relations
2. Intensify in-Reach
~ Optimize Existing Opportunities/Outlets
~ Dig Deeper~ Glean and Comb
~ Attain Higher Output
Key Strategies to Drive Success
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3. Expand Out-Reach
~ New Markets
~ New Products
~ New Niches
~ New Territories
4. Seek Improved Efficiencies
~ Cost Cutting Measure
~ Reappraise Structures: Eliminate Redundancies
~ Check Processes: Step up Speed~ Save on Energy: Seek Options
~ Be Light, Flexible and Motile: Drop Excess Baggage
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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
5. Apply Total Quality Management Principles
~ Sustain Product/Service Quality
~ Delight Customers
6. Outsource
~ Focus on Core Competencies
~ Release Cash for Core Activities
7. Question All Assumptions
~ No Business as Usual
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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
8. Justify Every Expenditure
~ Stick to Budget/Plans
~ Review Ratios
~ Eliminate All Eliminatables
~ Avoid All Avoidables
9. Be Careful with Borrowing
~ Flunctuating Interest Rates
~ Flunctuating Exchange Rates
10. Train and Retrain to Sharpen Skills~ Competition is Fierce
~ Lagers will be left Behind
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11. Manage Time Effectively
~ Eliminate Time Wasters
~ Plan and Stick to Plan
~ Schedule all Activities
~ Delegate Appropriately
~ Prioritize
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12. Leverage Resources
~ Pull Resources to Gain Strength
~ Share Resources/Services
~ Share Risks~ Utilize Network
~ Seek Strategic Allowances
~ Consider Mergers and Acquisitions
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13. Optimize Opportunities from the Public Sector
~ Understand how the sector operates
~ Register with the Appropriate MDAs
~ Keep Eyes and Ears Open Newspaper Adverts,Professional Journals and Notice Boards
~ Establish/Strengthen Public Sector Business Desk.
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14. Enthrone Godly Business Conduct
~ Many Businesses Cheat at Several Levels
~ But Everybody finds out sooner or later that allSuccess worth having is founded on Godly Rules of
Conduct.
~ Three Qualities Vital for Success are:
Toil Solitude
Prayer
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~ Six Essential Personal Qualities that are key for
Business Success in 2012 are:
Sincerity
Personal Integrity Humility
Courtesy
Wisdom
Charity
* MUST ADOPT CHRISTIAN BUSINESS ETHICS
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1. Pay Fair and Living Wages
Children of God Must Not Pay Starvation Wages to
their employees. We must be aware of the
consequences.
* Mal. 3:5 And I Will Come Near to You to
Judgement; and I Will be a Swift Witness against theSorcerers, and against False Swearers and against
those that Oppress the hireling in wages,
Be a Just Employer
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The Widow, and the Fatherless and that turn aside the
stronger from his right and fear not Me, saith the Lord
ofHost
2. Prompt Payment of Wages
~ Deut. 24:15 At his day, thou shall give him his
hire, neither shall the Sun go down upon if; for he
is poor, and Setteth his heart upon it; Lest he cryagainst thee unto the Lord and it be Sin unto
thee.
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Consideration for Employees
Job 31:13:14 If I did despise the cause of my
manservant or of my maidservant, when theycontended with me, what then shall I do when God
riseth up? And when He visiteth, what shall I answer
Him?
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Eph. 6:5 And Ye Masters do the same things alsounto them forbearing threatening; Knowing that your
Master also is in Heaven; Neither is there respect of
persons with Him.
Refraining form Threats
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Jerr. 22:13 Woe unto him that buildeth his house byunrighteouness and his chambers by wrong; that useth
his Neighbours Service without and Giveth Him not for
his work.
Not Exacting Service Without Payment
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1. Just DealingCol. 4:1 Masters Give Your Servants that which is just
and equal; Knowing that ye also have a Master in
Heaven.
2. Build a Good Product/Offer a Good Service
~ The Best Quality Possible
~ No Imitations or Fakes
~ No Copyright/Trademark Infringement~ Pr. 22:1 A Good Name is to desired than Great
riches, favour is better than Silver and Gold.
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3. Make a Fair Profit
~ Do not fleece the Customer
~ Do not Profiteer
~ Give the Best Bargain* Pr. 16:8 Better is a little with
righteousness than Great Revenues
without right.
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Be a Godly Leader
The real Performance of a Christian Business is to
glorify God and Lead Others to Christ.
A Business is nothing more than a tool to accomplish
Gods Work
~ Col. 3:23 And whatever you do, do it
heartily as to the Lord and Not unto Men.
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1. A Life Free From Sin and Corruption
~ The Presence of the Holy Spirit in Our Lives will
Help Us Keep Away from every Sin and
Corruption.~ Eze. 36:27 And I will put my Spirit within you and
cause you to walk in my statutes and ye shall
keep my judgements and do them.
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2. Do Not Demand or Receive Bribe
* Remember that;
~ Lk. 12:2 There is nothing Covered that shall not
be revealed, neither hid that shall not be known.
3. Must not Cut Corners
~ Eccl. 12:14 For God shall Bring every work unto
judgement, with every secret thing, whether it beGood or whether it be evil.
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4. No Compromise with Sin or Evil
~ 2ndTm. 2:19 But Those who name the name of
Christ must depart from Iniquity.
5. No Cheating in any Form or Shade
~ Pr. 20:17 Bread obtained by Falsehood is Sweet
to a man, but afterward his mouth will be filled
with gravel.
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6. Avoid Hypocrisy Like a Plaque
~ Practice What Your Preach
~ Leady by Example
~ Take a Stand outside and live with it inside thecompany.
~ Rm. 2:21 Thou therefore who teachest another,
teachest not thyself? That Preachest a man
should not steal, Dost Thou Steal?
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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
Look at St. Paul:
~ Rm. 7:15 For what I am doing, I do notunderstand. For What I will do, that I do not
Practice; But what I hate that I do.
~ Rm. 7:17 But now, it is no longer I who do it, but
Sin that dwells in me.
* SO WHAT TO DO?
But We Need Help Difficult by Own Power
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Invite Jesus into Your Life and Business
~ John 15:5 I am the Vine, Ye are the Branches. He
that abides in me and I in him, the same bringethforth much Fruit; For without me Ye can do
nothing.
~ Remember its mens to fight, but God gives success.
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~ Is. 43:2 When you pass through the waters, I will be
with you; and when you pass through the rivers,
they will not sweep over you.. When you walk
through the fire, you will not be burned; Neither
shall the flame kindle upon thee.
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Copyright: Sam Ohuabunwa Foundation for Economic Empowerment (SOFEE) (2012)
The Story of the Master Fisherman Lk. 5:1-7
We Need the True God in these Challenging and
Perilous Times.
LET US PRAY
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THANK YOU
ANDGOD BLESS
SIR (MAZI) SAM I. OHUABUNWA, OFR