(CP-Africa): Lagos Business School of the Pan-African University held its 2010 Alumni Day on November 25th at the school Campus in Ajah, Lagos. The event, which had a special Economic session and Alumni conference, focused extensively on “Strategy in & from Africa in a Globalizing World,” bringing together top executives in Nigeria and abroad. The guest speakers, Dr Martin C Wittig and Prof Pankaj Ghemawat each explored “How to successfully implement Strategy: Perspective from Roland Berger” and “Finding the Winning Business Strategy in Today’s Market” respectively.
Wittig, the Global Chief Executive Officer, Roland Berger Strategy Consultants revealed that Roland Berger was fully committed to building a permanent presence in Nigeria. Guided by the core values of partnership and entrepreneuriship, the organization hopes to strengthen the ties to both business and local community by investing in Nigeria, have its Head Quarter in Nigeria for the African region, recruit local talents and mentor skills through an experienced global team.
Roland Berger Strategy Consultants is a global strategy-consulting firm based in Europe. Known for its expertisie in the fields of restructuring and marketing, the firm advises leading international coprporations, NGOs and public institutions in all management issues. They provide support for strategic alignment, introducing new business models and processes, organizational structures and IT strategy.
Meanwhile, Prof Pankaj Ghemawat, Anselmo Rubiralta Professor of Global Strategy, IESE Business School, University of Navarra, Barcelona, gave an elaborate research on Nigeria in World 3.0. In his presentation on the hypotheses of where Nigeria should compete noted that Nigeria should recognize what is different about her situation and re-examine where to compete with a focus on European continent, USA, Big emerging markets, West African countries and within Nigeria.
The speakers both noted that Nigeria is emerging as an international hub of economic activities.
In her vote of thanks, on behalf of the host class- Chief Executive Programme 17 (CEP 17), the President, Senator Daisy Danjuma who is CEO of South Atlantic Petroleum Limited, noted the need for government support in boosting Corporate Nigeria’s effort to move Nigerians from being consumers into producers and revamp the economy for good.
One of the participants and member of CEP 17, Dr Ije Jidenma, the CEO of Leading Edge Consulting, while sharing her perspective about the event said “The Guest Speaker from IESE Business School, Prof Ghemawat has reinforced my strong belief that despite the talk about globalization and the world being flat, that we need to be original in our thinking and in the application of the various ideas to our local environment. We must thoroughly digest ideas in the public domain and where possible research them and see how they fit into our cultural milieu and our specific needs given our stage of development.”
Adding that Dr Witting of Roland Berger Strategy Consultant has also brought to the fore the inevitability of looming competition in the Nigerian Consultancy landscape. “The company is already setting office in Nigeria and ranks second only to McKinsey in some parameters. I believe the entrance of some of these major international firms will further the quest for excellence and long-term perspectives through research and development. There is also the challenge to effectively harness local knowledge of small but qualitative consultants.”
Nigeria is one of the emerging international hub of economic activities, on how other organizations, both private and public, can position themselves to maximize this potential, Dr. Jidenma said “I believe the Government/Public sector should give qualitative education its rightful place in the scheme of things. It is only a well educated and enlightened mass that can achieve the laudable goals we set out for ourselves. It should also hasten action in the provision of the necessary infrastructure or enabling environment so that the citizenry are not stifled. The private sector should be quick in identifying the gaps that abound in our country and fill them through different collaborative platforms depending on situational appropriateness.”
To her, the Alumni Day event was filled with a spirit of camaraderie. “Not only was it an effective networking platform, it was also a precursor for the seeds of greatness and sustainability.”
Lagos Business School (LBS) aims to provide executives, high quality general management education relevant to the Nigerian business environment. The Financial Times’ 2010 Executive Educaton open-enrolment ranking published in London currently ranks the school as the 54th best business school in the world and the 3rd best in Africa.