Last week, I had the opportunity to train board members and senior management from different private and public institutions on Strategic Management in the Age of Abundance.
One of our key discussions was how AI agents will reshape organizations.
At the tactical level, AI agents will accelerate evidence-based decision-making and improve execution.
At the operational level, augmented intelligence will become the norm. People who can effectively use and collaborate with AI will increasingly replace those who cannot.
At the strategic level, top management remains relatively safe for now. Leaders will continue to play the critical human-in-the-loop role, providing judgement, accountability, and strategic direction.
The future organization will combine AI agents, AI-augmented humans, and human strategic leadership.
Follow @weledi_africa to participate in my future sessions.
I just finished reading Prof. Kikula's autobiography, A Path from Idofi.
It's an interesting account of a man trying to find his place in the world despite extreme poverty and family conflict. It tells the story of how someone can rise from nothing to become somebody.
It's an inspiring book. Unfortunately, a significant portion of it focuses on the toxic working culture within Tanzania's academic sector. The struggles for power and positions, death threats, witchcraft, corruption, and other institutional challenges.
Overall, it's a worthwhile read for anyone interested in learning about leadership and management in a complex environment, as well as the journey from humble beginnings to national impact.
His greatest legacy is perhaps the founding of the University of Dodoma, where he served as its founding Vice Chancellor.
Learn to build relationships without asking for help or favours by exchanging value, through insightful conversation, quality time, genuine feedback, offering help, and appreciation.
Over the years, I have built relationships with strong and powerful people in business, diplomacy, and politics. They have been very helpful in mentoring and nurturing my young career. Some have become friends and family.
The best trick is to delay asking for anything from them. Be yourself, be professional, and solve your problem, even though they can easily fix them for you.
The relationship will be built on mutual respect, trust, and value exchange instead of a parasitic relationship.
This guy built a $10 billion empire on spoiled milk.
It all started with a $800k SBA loan.
The best bootstrap story you've never heard of 🧵
Meet Hamdi Ulukaya.
He grew up in Turkey.
His family was sheep herders, dairy farmers and feta cheese makers.
As a young student, he was questioned by police about his support of the Kurdish-rights movement.
He had to leave Turkey.
His friend recommended America.
But he was taught "capitalism was the reason for the suffering of poor people"
His friend told him “Don’t be stupid, go to America. Learn English.”
So that's what he did.
Hamdi got a job on a farm in Upstate New York.
He loved America but missed good cheese from home.
When his Dad visited he had the idea of making cheese with an old family recipe.
So together with one of his brothers, Hamdi started a cheese company in 2002.
They sold some cheese but were barely breaking even.
The cheese was great, but the demand wasn't there.
One day he got some junk mail:
An 80-year-old Kraft yogurt and cheese factory was for sale.
For only $700,000.
This was a fire sale.
Many of the individual machines would cost more than a million if bought new.
He had to have it.
He wrote a business plan and got 90% financing from the SBA.
With local development grants to fill in the rest.
The factory was his.
But he found one big issue after closing.
They were missing a separator.
Basically, an industrial washer-dryer that removes the milk solids from whey.
Those cost $1 million brand new. He didn't have the money.
After searching for months, he found a used one for $50k in Wisconsin.
On his drive there, he came up with the perfect name for his new yogurt:
Chobani
From the Turkish word Coban meaning shepherd.
It took him 2 years to perfect the yogurt recipe.
Consistency and flavor had to be right.
Creamy and not too tart.
He hired back many of the laid-off workers from the old factory.
Then he had to nail the container design.
Hamdi wanted the design to be different.
American yogurt had a narrow opening.
He went with a wide squat container like European yogurt.
He called it Greek because that was becoming popular.
And colorful cups to stand out.
Hamdi was ready to launch.
But he didn't want to be stuck in specialty stores.
He went straight for the biggest grocers.
He didn't have the cash to pay for the usual promotion. So he offered stores more yogurt.
It was an instant hit.
Over the next 5 years, they grew faster than Facebook or Google.
Hamdi lived in the factory.
His staff pulled all-nighters to keep up with orders.
By year 5, they had $1 billion in sales & 50% market share in the Greek yogurt market.
In 2016, Hamdi Ulukaya granted his then 2k employees roughly 10% of the company.
With a rumored valuation of $10+ billion, this works out to be about $500k+ per employee.
Many of them are factory-line workers.
Story by Colin Keeley(LinkedIn)
The Co-founding Business.
Great ideas remain great when they meet good teams with the right execution strategy.
The business of Co-founding a company is an ego management business. It starts by having a shared vision and values.
In the book "The Traction" by Gino Wickman, it starts by defining who is "the visionary" and "the integrator". Each should respect their positions.
Your cofounders don't work FOR you. They work WITH you.
"He was a natural leader. A top man. If he was still here today, I would make sure I was on his car." 🥺
An emotional tribute from one of Ayrton's former mechanics. 👇
A unique feature of Sarafu B2B #ecommerce app in #Tanzania is we automate inventory so we can cap sales of products. Any shop cannot buy more than X quantity. If we removed the cap, we could increase sales by 20% each month. But we don't remove this cap on certain products. Why?
I have created interesting boards full of ideas on Entrepreneurship, Blogging, Online Business, Digital Marketing and much More!!
I will follow back everyone on Pinterest 💙
https://t.co/umFCa6S4Kq
Tanzania Marketing Awards Winners #2022 With Hon. Exaud Kigahe Deputy Minister of Investment, Industry & Trade and TMSA Chairman Dr. Emmanuel Chao #TMSA#TMA
LeBron James says he wants to own an NBA team in Las Vegas, and I think I know how he's going to do it.
It's a series of calculated chess moves that has seemingly been in the works for over a decade.
Here's the breakdown 👇