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THE WORLD HAS CHANGED!

THE WORLD HAS CHANGED!. THE PRE-COLD WAR WORLD HAS DISAPPEARED! END OF COLD WAR AND SIGNIFICANT DEVELOPMENTS IN SCIENCE AND TECHNOLOGY HAS TRANSFORMED THE WORLD THAT WE KNEW, BEYOUND RECOGNITION. EVEN THE NATURE, CHARACTER AND SPEED OF CHANGE HAS ALSO CHANGED!

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THE WORLD HAS CHANGED!

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  1. THE WORLD HAS CHANGED! • THE PRE-COLD WAR WORLD HAS DISAPPEARED! • END OF COLD WAR AND SIGNIFICANT DEVELOPMENTS IN SCIENCE AND TECHNOLOGY HAS TRANSFORMED THE WORLD THAT WE KNEW, BEYOUND RECOGNITION. • EVEN THE NATURE, CHARACTER AND SPEED OF CHANGE HAS ALSO CHANGED! • IT IS HAPPENING AT AN ALARMING SPEED! • IT IS TRANSFORMING EVERYTHING THAT DISTINGUISHES HUMAN FROM THE REST OF THE ANIMAL KINGDOM. • AT THE CORE OF THIS CHANGE PROCESS IS WHAT WE GENERALLY AND LOOSELY REFER TO AS: GLOBALISATION- A CORE SUBJECT OF THIS CONFERENCE.

  2. HUMANISATION: Universal Values of Democracy and Human Rights; Rule of Law, and; Good Governance in both, Public and Private Sector Governance. • HUMANISATION: Universal Values of Democracy and Human Rights; Rule of Law, and; Good Governance in both, Public and Private Sector Governance. • Expansion of Human Freedom and Capacity • Empowerment Phenomenon • Enhancement of Transparency, Accountability and Responsiveness in Public Service delivery. • Transforming management philosophies- from Taylor's Scientific Management, to TQM (1980s) to modern-day Supply Chain, Balanced Score card to ERP; • Corporate Governance-from Cadbury, to King to post-Enron Governance and Control Matrix • Corporate Values, Ethics and Social Responsibility; • Environmental Responsibility IT IS ALL ABOUT SUSTAINABLE ASSET MANAGEMENT

  3. “UNPACKING GLOBALISATION”FIVE DRIVERS AND IMPACT TO BUSINESS • 2) GLOBALISATION: Coordination and Integration of production, distribution and exchange processes, based on economies of scale and scope. • Rising phenomenon of Mergers and Acquisitions- if its Big and/or Attractive, it has to be merged or acquired!; • Decentralised/Federal System of Corporate Governance; • Value Chain Management; • Logistics and Supply Chain Management

  4. 3) LIBERALISATION: • OPENING-UP OF MARKETS- WTO Debates • DE-REGULATION AND PRIVATISATION • TRANSFORMATION OF NATIONAL BOUNDARIES INTO MARKETS • REGIONAL ECONOMIC INTEGRATION • COMPETITIVE ADVANTAGE vs. COMPERATIVE

  5. 4) DIGITALISATION: • It has already been proven that ICT currently drives the 21st Century Globalisation process, largely due to growing efficiencies in IT and plunging costs of Telecommunications. • ICT is already rendering TIME, SPACE and DISTANCE completely irrelevant to the prevailing competitive environment. • Transforming the nature and character of products, processes, companies, industries, and even competition itself, • Possession of Information or Knowledge resources has already • become critical to worth generation. • ACCESS, CONNECTIVITY, INTEGRATION AND REAL TIME • performance are CRITICAL to global competitiveness

  6. 5) ENVIROMENTALISATION: • RENEWED CONCERN AND CARE FOR THE ENVIRONMENT; • IMPERATIVE FOR SURVIVAL AND SUSTAINABLE DEVELOPMENT; • CLIMATE CHANGE, DE-FORESTATION,BIODIVERSITY DEPLETION, WATER DEFICTS, MARINE POLLUTION, FISHERIES DEPLETION ISSUES ETC. REQUIRE URGENT GLOBAL SOLUTIONS; • INCREASSING DEMANDS FOR COHERENCE AND EFFECTIVENESS IN GLOBAL CONVENTIONS ON ENVIRONMENTAL MANAGEMENT

  7. CONSEQUENCES OF DYNAMIC INTERPLAY BETWEEN AND AMONG GLOBALISATION DRIVERS. • IS USHERING A NEW WORLD CHARACTERISED BY: • EXTREME UNCERTAINTIES; • WIDE-SCALE UNPREDICTABILITIES; • SEVERE INSTABILITIES; • PROFOUND DISCONTINUITIES; • MOST INTENSIVE COMPETITION FOR RESOURCES AND MARKETS, EVER WITNESSED IN RECENT HUMAN HISTORY.

  8. FORCES OF CUSTOMER ECONOMY ARE ACCELERATING • GLOBAL DRIVERS STILL CONTINUE AT FULL SPEED; • COMPETITION CONTINUES TO INTENSIFY; • OVERCAPACITY PUTS DOWNWARD PRESSURE ON MARGINS; • INCREASED PRODUCTIVITY: LOWER COSTS; BETTER QUALITY AND IMPROVED SERVICE; • COMMODITISATION OF PRODUCTS; • CUSTOMER POWER CONTINUES TO ASCEND TO HIGHER LEVELS!

  9. BRAND NEW WORLD IS EMERGING • OLD POWER STRUCTURES ARE COLLAPSING AND NEW ONES ARE EMERGING; • POWER INCREASINGLY EVOLVES FROM THE BOTTOM; • NEW RULES OF GLOBAL ENGAGEMENT ARE EMERGING: SOME ARE EVEN INDEPENDENT OF BIG GOVERNMENTS OR BIG BUSINESS!; • ABIDE: YOU ARE HANDSOMELY REWARDED; • IGNORE: YOU ARE SEVERELY PUNISHED. • THESE ARE EXCEEDINGLY UNFORGIVING TIMES!

  10. GLOBALISATION OFFERS: ENORMOUS CHALLENGES AND HUGE OPPORTUNITIES • NEED FOR INDEPTH UNDERSTANDING OF GLOBALISATION, ITS DYNAMICS, ITS CHALLENGES AND OPPORTUNITIES OFFERED. • PUT IN PLACE EFFECTIVE POLICIES AND STRATEGIES THAT WOULD ENHANCE CAPACITY TO: • FACE THE CHALLENGES AND EXPLOIT THE OPPORTUNITIES. • SOME THIRD WORLD COUNTRIES ARE ALREADY MAKING SERIOUS MOVES e.g. INDIA • NEPAD REPRESENTS A GOOD BEGINNING FOR AFRICA. • ITS CRITICAL FOR BUSINESS DEVELOPMENT IN AFRICA. • ITS NOT STATES RATHER COMPANIES THAT COMPETE!

  11. AFRICA: THE MISSING LINK OF GLOBALISATION CHAIN • TRIPLE TRAGEDIES: LEGACIES OF ITS PAST; PREVAILING POVERTY PRESSURES, AND; FUTURE CHALLENGES OF GLOBALISATION. • BUSINESS DEVELOPMENT IN AFRICA FACES HUGE CHALLENGE. • IT IS WORLD’S BIGGEST DEVELOPMENT CHALLENGE YET, LIMITED RESOURCE FLOW. • AFRICA NEEDS TO TAKE FULL RESPONSIBILITY FOR ITS OWN DEVELOPMENT: THERE IS NO UNCLE! • INTERNATIONAL COMMUNITY HAS TO SUPPORT.

  12. MEANINGFUL PRIVATE SECTOR INVESTMENTS ARE POSSIBLE IN AFRICA PROVIDED…. • VISIONARY LEADERSHIP CLEAR POLICIES. • CLEAR LEGAL FRAMEWORK • TRANSPARENT ADMNISTRATIVE PROCEDURES • STRONG AND EFFECTIVE INSTITUTIONAL FRAME WORK • ATTRACTIVE AND COMPETITIVE FISCAL REGIME. • EFFECTIVE PROTECTION OF INTELLECTUAL PROPERTY RIGHTS. • LIBERALISED MARKET ENVIRONMENT

  13. “THE GREAT EXCITEMENT ABOUT THE FUTURE IS THAT WE CAN SHAPE IT” Charles Handy • Indeed, it can be done, provided we all resolve to effectively face the enormous challenges and exploit the vast opportunities that exist in the world GLOBALISATION.

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