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Nov 22
Lagos Business School Launches Human Resources and Sales & Marketing Academies

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Lagos Business School announces the launch of two academies focused on Human Resources Management and Sales & Marketing, today, Wednesday, November 22nd, 2017. The academies have been designed to help professionals in these disciplines close competency gaps that impede their performance and position them to deliver immediate bottom-line impact for their organisations.

The Sales and Marketing Academy (SMA) will run separate tracks for sales professionals and marketing professionals respectively. It is designed as a modular programme delivered over four months to enable participants to combine learning with work. The delivery will incorporate classroom and online sessions, in addition to activity based learning activities and a final capstone project. This practice-based Academy will provide hands-on training on the practical aspect of Sales and Marketing in Nigeria and beyond.

The Human Resources Academy (HRA) is an innovative and holistic approach to the development of HR professionals. With three distinctive levels (Basic, Intermediate, and Advanced), the LBS HR Academy covers the range of knowledge, skills, and experience necessary to fully develop as a seasoned Human Resource professional. A diagnostic process will be used for purposes of admitting participants into the programme to ensure that those enrolled in each of the three programme levels are of the right proficiency levels.

Prof Chris Ogbechie, member, LBS Management Board and Professor of Strategic Management explained that the launch of both Academies is line with the institutions intent of having a significant impact on the professional and ethical standards of business management in Africa. We develop responsible leaders who contribute to businesses that address direct concerns of citizens and the needs of the environment. "We aim to develop well-rounded individuals with an ethical mindset of doing business and these two academies is another step on the path to achieving these objectives" he concluded.

According to the Sales and Marketing Academy Director, Dr Ogechi Adeola, "we have identified challenges in the industry which include the gap between theory and practice and the urgent need to provide professionals with the right training, equipping them for every-day work. We will address these challenges by providing world-class practice-focused sales and marketing programs with experienced business experts, trainers, and innovators through teaching, mentoring and experiential learning. We want the Academy to represent a  holistic approach to Sales & Marketing training and development", Adeola concluded.

The Human Resources Academy Director, Dr Akin Oparison stated that "business leaders carefully selected from various industries will deliver the program. It will include internship opportunity with world-class partner organisations, and off-line mentoring, to provide requisite experience critical for effective transfer of knowledge. Oparison concluded that with the flexible (modular) delivery method, participants could combine the Academy with their work obligations.

Nov 21
Beta Gamma Sigma Collegiate Chapter established at LBS

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The Lagos Business School Beta Gamma Sigma society was established with a recognition and installation ceremony on Saturday, November 18th, 2017 at the School premises. The Beta Gamma Sigma society is an international honour society exclusive to business programs accredited by AACSB International (Association to Advance Collegiate Schools of Business).

The recognition ceremony for new members led by the Installing Officer, Dr Enase Okonedo, Dean of Lagos Business was anchored by the Chapter Advisor, Anuli Ilechukwu of the MBA Careers Office.

The leadership team of the newly recognized members comprises of Glory Enyinnaya, class of EMBA 21 voted as the Student President; Ilerioluwa Akinkugbe, class of MBA 15 Student Vice President Programming; Ibrahim Adesoye, class of MBA 15, Student Vice President of Membership/Public Relations. Others include Ayodele Akinwunmi, EMBA 21 selected as Student Vice President of Alumni Relations, Chidozie Nnewuike, class of MBA 15, Vice President of Finance and Stephanie Erigha, class of MBA 15, voted as the General Secretary.

Beta Gamma Sigma was founded in 1913 in three US Universities: the University of California-Berkley, the University of Illinois and the University of Wisconsin. Its membership is highly exclusive, and it is the highest honour achievable by a business student attending an AACSB accredited institution. It is the largest organization in the world that honours business school graduates internationally, and members currently reside in over 190 countries.

As both share an emphasis on global networking, Beta Gamma Sigma and AACSB have facilitated connections to foster AACSB's mission of Engagement, Innovation, and Growth.  Beta Gamma Sigma societies are established only at business institutions who have worked to attain prestigious AACSB accreditation, and the LBS chapter is the first in sub-Saharan Africa.

Nov 17
Lagos Business School Alumni Association Holds Annual Conference - Elumelu Calls for Restructuring of Taxation to Support Businesses

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The Lagos Business School Alumni Association held its highly anticipated annual conference, a platform that provides continuous learning, networking and reconnection for alumni on Thursday, November 17, 2017, at Lagos Business School's Honeywell Group Auditorium.

The Alumni Day Conference themed 'The Effect of Multiple Government Regulations and Taxation on Business Growth in Nigeria' had knowledge shared by the guest speaker; Tony Elumelu (CON), Chairman Heirs Holding, UBA Group and Transcorp Plc and was chaired by Profesor Olawale Ajai Faculty Lagos Business School and professor of legal, social and political environment of business. Other speakers and panelists who headlined the interactive conference also included Dr Biodun Adedipe Founder and Chief Consultant of B. Adedipe and Associates, Mr Taiwo Oyedele, PWC Nigeria, Head of Tax & Corporate Advisory Services, Sir Ndukwe Osogho – Ajala, MD, CEO Soulmate Industries Ltd and Tokunbo Akande, Special Assistant to the Chairman of the Lagos Internal Revenue Services.

Elumelu emphasized the need for government to embark on a radical approach that would shape the behaviours of entrepreneurs and business owners towards payment of taxes in a more obligatory manner. He called for the restructuring of government regulations and taxation to support business growth in Nigeria. According to Elumelu, "multiple regulations hinder business growth; and we need to regulate our tax laws and practices in a manner that would create enabling environments for businesses, particularly start-ups and SMEs to thrive in the economy. If taxes are well regulated for businesses, there would be an increase in government revenue, more businesses would grow, thereby helping to curb unemployment and improving the economy significantly."

He stressed the need for a comprehensive reorientation exercise across all tax agencies that would ensure that officers have the right values required for the job and that due process is followed at all times in government regulations for businesses. "We should use tax as a dynamic fiscal tool to shape corporate behaviour and ensure that our business climate is conducive for investors to thrive for a more robust economy that will, in turn, increase the tax base," he said.

Elumelu thanked LBS for addressing real challenges that business communities face, exemplified by choosing the topic of discourse, which is very vital to Nigeria's economic growth. He applauded the institution's faculty for helping to sharpen the competitiveness of professionals by bridging the gap in knowledge acquisition.

In his presentation of the Economic Outlook for 2018, Dr Biodun Adedipe stated that Nigeria should deviate from operating a mono-cultural economy which has proved detrimental to its growth. "While thinking of ways to grow our economy to a sustainable level, we must realise that mono-cultural economy has not helped our cause. Over-dependence on hydro-carbon and imports have done more harm than good. Therefore, I strongly advocate import substitution because no country grows sustainably by importation alone. We must produce and grow locally to be self-sufficient, and we must create environments for small businesses to grow to attain that level," he said.

Hamzat Ayodele Subair, Chairman of Lagos State Internal Revenue Service, who was represented by Tokunbo Akande, revealed that before now, the lack of viable data on financial record had hampered the process of effective tax systems in the state, and the rest of Nigeria. He, however, gave the assurance that the Lagos State Government, through its Internal Revenue Service, is working to harmonise its tax practices by creating a single billing system where each taxpayer would have a complete list of tax schedules to avoid multiplicity of tax systems and agents.

Taiwo Oyedele, Head of Tax and Corporate Advisory Services, PwC Nigeria, examined tax administration and taxation of businesses during the panel discussion and revealed that the multiple arms of government had led to the multiplicity of agencies which had replicated themselves in the nation's tax systems. "The solution we need is to have sound institutions, put our best foot forward and ensure coordination among all levels of government operations," he said.

Prof Olawale Ajai, the Conference's Chairman stated that business growth should generate economic growth for the nation, which is why citizens should encourage the growth of small-scale businesses. According to him, "it is for policymakers to facilitate regulatory frameworks that would enable economic growth in Nigeria. A reorientation of policymakers and tax administrators is critical to the nation's economic success and we must collaborate and partner to bring about an enabling environment for local businesses," he concluded.

Mrs Bola Adesola, President Lagos Business School Alumni Association and MD/CEO Standard Chartered Bank Nigeria expressed that the objectives of the association is to promote continuous education for members, support LBS in its aims and objectives, render service to society especially in the area of public and private management. She also welcomed the latest additions to the Alumni Association and urged them to continue taking the opportunities afforded to them and be ambassadors of the great institutions.

Dr Enase Okonedo, Dean, Lagos Business School, thanked the speakers for the insight and knowledge shared. She also expressed gratitude to the Alumni for their contributions to the school and society. She disclosed that Alumni had continuously contributed to education; renovated and built schools, and have been commended by the government at all levels for their efforts. She applauded their efforts at adding value to the society and encouraged them to be the change they want to see in society.

The 2017 Lagos Business School Alumni Association was hosted by Chief Executive Programme (CEP 24) and International Management Programme (IMP02) Classes. Nonso Ezeh, CEP 24 Class President, and His Royal Highness, Segun Aderemi, IMP02 Class President, thanked all the alumni present and extended their greetings to the institution for impacting positively on the society.   

Nov 17
LBS Conducts Inaugural Refresher Programme for MBA Alumni

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The inaugural edition of the MBA Refresher Programme, held at the Lagos Business School recently. A total of 41 alumni, from the Executive MBA, Modular EMBA and Full-Time MBA programmes, were in attendance.

The MBA Alumni Refresher Programme is a continuous learning programme designed to enable MBA graduates of the Lagos Business School, catch up on various developments in the business world, improve their management thinking in the period since they received their qualification and helped them brush up on their leadership skills. 

Faculty in attendance were Dr Uchenna Uzo, MBA Director; Ike Kelilume, Economics, who gave a lecture on Changing Micro & Macro Environment of Business in Africa; Professor Chris Ogbechie, Professor of Strategic Management, on Playing and Winning Responsibly in a Dynamic Business Environment and Mr Chidi Okoro, MD, UAC Foods Limited, on Realities of Corporate Life in Nigeria. Uche Attoh, Faculty, HRM & Organisational Behaviour, anchored the Experience Sharing.

Participants who attended the event were impressed with the knowledge they obtained. Mr Kosoko Adewale of HANIC, an Electrical Engineering Firm and an alumnus of the MBA 11 class, said "I am doing the refresher course because I am changing roles in my company. I am moving from a supervisory role to a commercial role, which would have to do with contracts, pricing and strategy building that would carry us forward. Today's refresher was a good one for me because, I am learning more about the Engineering and Construction Industry and I just needed something to bring me back home and prepare me for 2018, which would be an aggressive year for me."

Mrs Abimbola Adeyanju of Citibank Nigeria and an alumna of the EMBA 19 class said, "Learning is a lifelong thing, and I have been out for about two years; so much has changed in the Nigerian business industry and so much is going on, and I wanted an update. I know that one of the best places to get this from LBS, and it served the purpose. I enjoyed Ike Kelikume's class; he taught about happenings in the economy that I wasn't aware of; he also talked about how things have panned out in the last two years and how they would be in the next three years."

Mr Obinna Onunkwo of Purple Capital Partners Limited and an alumnus of the MBA 14 class said "I am here because it's been 10 years since I graduated from the MBA programme and in the course of one's career, things change. It is important to refresh once in a while and see the perspective of the academia, regarding what is going on and that is the importance of these gatherings. If you are doing business, you might be in a bubble, and need external help; someone to say 'Hang on this is how the economy is doing, and this is what is missing out', it helps to straighten your perspective."

The event ended with a cocktail in the School's Gazebo.

Nov 06
Lagos Business School Graduates 296 Participants in 13 Executive Programmes

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The Lagos Business School, Pan Atlantic University, has graduated 296 participants from 13 Executive Programmes.

The courses are Management Acceleration Programme (MAP 1 and MAP 2), Agri-Business Management Programme (AgMP 5 and AgMP 6), Senior Management Programme (SMP 61, SMP 62 and SMP 63), Owner Manager Programme (OMP 22, OMP 23 and OMP 24), Advanced Management Programme (AMP 29 and AMP 30) and the Chief Executive Programme (CEP 26).

At the ceremony on Saturday, Professor Juan Elegido, Vice-Chancellor, Pan Atlantic University, Lagos, congratulated all the graduates and implored them to be good ambassadors of the institution by putting to use the knowledge they had acquired to better Nigeria and the African continent.

Ndidi Nwuneli, Founder of LEAP Africa and the guest speaker at the ceremony, spoke of building a new tribe of entrepreneurs and professionals that would transform the country positively. "I chose to speak on A New Tribe because we need a new generation of entrepreneurs and professionals that would transform our country Nigeria and contribute significantly to the African continent and the world," she said.

She further stated that for Nigeria to be reckoned with in the comity of nations, she needed individuals who are innovative, visionary, ethical and merit-driven to man the value chain. She, therefore, challenged the new graduates to think of ways they could do things differently and also implored them to do away with their egos and differences and "work together to build a better Nigeria."

Ify Ukachukwu, Chief Executive Officer of Rexton Industries Limited, who graduated from OMP 22, said she felt gratified being a graduate of LBS. She said that the programme was mind-unlocking due to the quality of the faculty and the experience that the institution parades. "I had a mindset before coming to study here, but after the programme, I have been exposed to new perspectives and ways of doing things. It was a process of learning, unlearning and relearning that has opened a new vista for me. Indeed, it was quite transformational for me," she said.

Francis Raji, President of St. Paul Ranch and a graduate of AgMP 5, revealed that the programme had changed the operational style of his business. "The programme opened my horizon to re-invent my business. We have re-strategise our farming to make more profits and ensure that supply meets demand," he said. He termed the LBS faculty as excellent.

Bola Adesola, President of LBS Alumni Association and Managing Director Standard Chartered Bank inducted the graduates into the Alumni Association and welcomed them "welcome to our tribe of privileged, honoured and distinguished LBS Alumni" she said. She also charged them to be ambassadors of LBS and to uphold her values and objectives. Adesola concluded encouraging the graduates to be champions of the excellent work that LBS is doing.

Dr Enase Okonedo, Dean, LBS, congratulated the graduates and new alumni of the institution and appreciated them for their commitment, which had continually enabled the School to equip itself to be able to contribute its quota of providing quality education and professional development to individuals and corporate bodies.

She also applauded the graduates for their zeal to study at the LBS despite the economic recession many professionals use as a reason not to invest in their self-development. "Despite the economic challenges that could deter many private individuals and Organisations from investing in courses like these, you have demonstrated your zeal to equip yourselves professionally nonetheless. I implore you to use this zeal to contribute to the global value chain," she counselled.

The excited graduates said they are going out positively influenced and are ready to contribute their quota in making the society a better place.

Nov 04
LBS Alumna Wins AABLA Business Woman of the Year - West Africa

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Lagos Business School is pleased to announce that Toyin Sanni, Chief Executive Programme (CEP 26), received the Business Woman of the Year award for West Africa, at the 7th edition of CNBC's All African Business Leaders Awards (AABLA) on Thursday, November 10, 2017.

Toyin Sanni is a Lawyer, Chartered Secretary and Stockbroker with over twenty-five years experience in Investor Services, Law and Finance. She holds a Masters Degree, LLM (Hons), from the University of Lagos as well as the Professional qualifications from I.C.S.A. UK, and the Chartered Institute of Stockbrokers (C.I.S.) Nigeria. She is a Council Member of the Institute of Chartered Secretaries and Administrators Nigeria, a Fellow and Vice President of the Association of Pension Funds of Nigeria (APFN), an Associate of the Institute of Directors Nigeria and President of the Association of Corporate Trustees Nigeria. She has served on various committees and boards including the National Bond Steering Committee, the West African Capital Markets Integration Technical Committee and as Chairperson of the Custody Sub-Committee of the Capital Market.​

The All Africa Business Leaders Awards (AABLA) is a prestigious business award on the African continent; given to honour the very best of African businessmen and women business whose expertise has had a significant impact on their industry and community. Since its inception in 2010, the annual awards ceremony and gala dinner is aired in a half-hour show broadcast across 48 countries in Africa.

Toyin Sanni is a focused and highly determined business leader and a source of inspiration to young businesswomen.

Congratulations Toyin!

Oct 25
LBS Partners with Stanbic IBTC for Competitive Strategy Development Programme

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Lagos Business School recently partnered with Stanbic IBTC to strengthen the strategic approach of the members of staff of Stanbic IBTC.

Academic Director of Programme, Dr Franklin Ngwu, Faculty, Strategy, said that the programme was aimed at training the participants on how to position their organisation in a way that will allow it profitably compete in the marketplace, meet challenges, take advantage of opportunities, deliver values to their customers and distinguish themselves from their competitors.

Participants who attended were pleased with the information and knowledge garnered from the programme. Isichei Robinson Ogochukwu said "LBS has over and over proven to be a place to receive quality training. The training facilitators are knowledgeable and courteous, always willing and ready to guide you through the sessions".​

Udoka Ezeifedi Obehie-Omiyi said "I had a fantastic experience. I plan to come back for an executive programme. The facilities are is really fantastic and world-class".

Oct 24
2nd Edition of GNAM Week Comes to an End

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The second edition of Lagos Business School's Global Network for Advanced Management (GNAM) week themed "Selling Strategies for Consumer Markets: Perspectives from Africa's Largest Economy" recently ended. LBS hosted MBA students from Yale School of Management in the United States, IPADE Business School, Mexico, Fudan University School of Management, China and UBC Sauder School of Business, Canada. 

The one week programme was filled with several activities which enabled the students to have an in-depth understanding of the selling strategies in Nigeria's formal and informal market structures. 

Activities included: a learning trip to Trade Fair International Market (Aspamda) Badagry Expressway, Lagos, and Novare Shopping mall, located at Sangotedo – Ajah; lectures on Understanding the Buying and, Selling Process; and How Digital Buying and Selling Works in Nigeria; company visits to selected SMEs and a presentation which constituted of free consultation services to participants on the Owner Management Programme (OMP).

Speaking on the final day of the programme, Guest CEO, Daniel Kamau, Managing Director, Royal Haskoning DHV Nigeria, addressed the students on how to win in Africa. "To win in Africa, one must adapt & innovate; companies that do well in Africa are those who know how to tap into Africa's culture," he said.

Dr Uchenna Uzo, MBA Director, stated that the purpose of the programme was to internationalize the LBS MBA experience and to also allow other students from other continents have an understanding of business management in Africa. "This year's Global Network Week in LBS has been a truly transformational experience for the participants from four continents," he said.

GNAM was launched in 2012 and it consists of 28 leading business schools from diverse regions, countries, cultures, and economies in different phases of development. Representing a shift from traditional partnership models of business school collaboration, the Global Network enables the development of innovative initiatives that leverage the comparative advantages. Leveraging network efficiencies, utilizing new technologies, building strong institutional and personal relationships, and operating with a minimum of bureaucracy, the Global Network is having a transformational effect on students, member schools, management education, and beyond.

Oct 20
LBS Signs MOU with Total

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Lagos Business School (LBS) recently signed a Memorandum of Understanding (MoU)/ Educational Partnership Agreement with Total to optimally harness the knowledge transfer and sharing initiative between both organisations.

The highlight of the mutually beneficial 3-year MoU will have LBS support Total in its managerial development efforts. Others will include participation by Total in certain courses, presentations, conferences, case studies, knowledge sharing workshops and forums conducted by LBS; customisation of LBS-developed courses that are best suited to the needs of Total and the petroleum industry in general; participation by deserving LBS' students at Total's summer school. LBS and Total will also collaborate in research.

Representatives at the MoU signing ceremony were Dr Enase Okonedo, Dean, LBS;  Dr Kingsley Ojoh, Executive Director & Chairman, Education Partnership Steering Committee; Total;  Engr. Vincent Nnadi, Executive General Manager, CSR & Member Steering Committee, Total; Dr Yinka David-West, Faculty Director, LBS; Prof. Chris Ogbechie, Head, Strategy and Entrepreneurship, LBS; Engr. Azu Azuike ,Manager, CSR-Education & Member Steering Committee, Total; Gbenga Apapmpa, General Manager, New Energies, Total; Charles Ivenso, Director, Finance and Administration, LBS; Eugene Ohu, Faculty, Human Resources and Organisational Behaviour & Member Steering Committee, LBS; Dr. James Edet, Manager, Research & Development & Member Steering Committee, LBS; Henry Onukwuba, Faculty, Human Resources and Organisational Behaviour & Member Steering Committee, LBS; Abimbola Oshikoya, Education Officer, Total; and Lilian Uwaeme, Director, Custom Executive Education & Member Steering Committee, LBS.

Oct 18
Global Network for Advanced Management (GNAM) Week Commences at LBS


The Global Network for Advanced Management (GNAM) week kicked off at Lagos Business School on Monday, October 16, 2017.

This week, from October 16 to 20, LBS will be hosting MBA students from Yale School of Management in the United States, IPADE Business School, Mexico; Fudan Business School, China; and Sauder Business School, Canada.

The theme of the 5-day programme "Selling Strategies for Consumer Markets: Perspectives from Africa's Largest Economy" will expose the international delegates as well as our MBA 15 class to the best sales practices in a product-based and service-based environment.

The international students present are pleased to be at LBS and are eagerly looking forward to the knowledge they will glean on the programme. Shelbie Vermette, Student, Yale School of Management, USA said "I chose Lagos Business School because I have never been to Africa before, this is something new for me that will allow me to learn and gain knowledge from other cultures. By the end of the week, I hope to have a better understanding of the nuances that play in the Nigerian and Lagos market and also have a better understanding of the culture that drives businesses".

"LBS is a renowned business school, the best in Africa. I wanted to get to know about doing business in Africa and I knew that there is no better place than Lagos Business school to achieve that. By the end of this programme, I expect to understand more of the context of the buying and selling process in Nigeria, especially the informal channels which in Canada and Switzerland are not as prevalent. I want to understand the context and mindset of the buyer and how the sales process works, in Africa's largest economy, Nigeria" Christian Wengi, MBA Student, UBC Sauder School of Business, Canada.

For Nnenna Ogoke, MBA Student, Lagos Business School, she hopes to learn about the strategies that can be used in selling to consumers in the Nigerian market. "I have made sales before and a couple of them have not been successful. I will like to know what I can possibly do right to make successful sales in the Nigerian market. I hope the activities lined up for us this week will enable me to understand the strategies that can be used in selling to consumers" she said.

GNAM was launched in 2012 and it consists of 28 leading business schools from diverse regions, countries, cultures, and economies in different phases of development. Representing a shift from traditional partnership models of business school collaboration, the Global Network enables the development of innovative initiatives that leverage the comparative advantages. Leveraging network efficiencies, utilizing new technologies, building strong institutional and personal relationships, and operating with a minimum of bureaucracy, the Global Network is having a transformational effect on students, member schools, management education, and beyond.

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