Connect with us

    Hi, what are you looking for?

    News

    Olutokun Toriola, Others, Speak on Developing the Right Organisational Culture

    Olatokun Toriola, Chief Executive Officer (CEO), MTN Nigeria, recently joined other top business executives and strategy experts, including bestselling author and expert on strategy and innovation, Michael Raynor and Founder and Chief Executive, Acheron Capital, Jean-Michel Paul, at the 13th edition of the Business Day CEO Forum, to discuss the need for companies to have an arsenal of strategic ideas to thrive in today’s business ecosystem.

    The annual event, which has been hosted by BusinessDay since 2009, was designed to present business leaders with the unique opportunity to sharpen their strategic assumptions, future plans, tactical priorities and execution prowess.

    This year’s edition, which focused on discussions around the theme, “Reboot: Regaining Strategic Flexibility in the Age of Uncertainty,” was organised to champion conversations around the need for organisations to be strategically prepared for potential disruptions within the global business landscape.

    In his speech, Toriola emphasized the need for organisational culture to be developed in order to drive the right allocation of resources. “Strategy is a word used in many ways but it comes down to the allocation of resources.

    “As such, I think what will drive the direction of where you put those resources in your strategy is having the right organisational culture which has the capability to adapt very quickly,” Toriola explained.

    Also riding on the backdrop of the immeasurable impact strategic thinking has on businesses, he commented on the essence of understanding the place of flexibility in strategic thinking.

    According to him, “There are so many ways of ensuring value creation is achieved in organisations. Although pursuing various strategies may be a difficult task, it plays a crucial role in the appropriate allocation of both human and capital resources.”

    Other speakers at the Forum expressed their agreement with Toriola’s thoughts and shared their thoughts on the importance of organisational culture in driving their company’s strategy.

    The BusinessDay CEO Forum has continued to attract the best minds in the business world who are allowed to freely share their thoughts and learn from fellow business leaders.

     

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...