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Weru Mwangi

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  • Author: Weru Mwangi
01 Apr 24

RISK AVERSION: A SURE WAY TO RETROGRESSION

During a postgraduate class, a student asked a question about one on my articles about innovation and risk management which I was using as a case study as follows “can an organization stay risk free?” My response was simply “No. In fact, setting up that organization is a risk by itself and failure to set […]
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19 Mar 24

INNOVATION IS NOT A SILVER BULLET

While discussing my previous 2 articles on innovation and risk management (Read here and here) with a group of post graduate students, the question of whether disciplined and well-planned innovation is sufficient for effective risk management arose. As we sought to find a comprehensive response to this question, a few issues were raised. First was […]
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11 Mar 24

INNOVATION: A TOOL FOR MANAGING UPSIDE RISK

I recently came across information about Bidhaa Sasa, a Kenyan based distribution company that focuses on providing essential household goods and solar products to rural and underserved communities. The company’s product portfolio includes a range of household items such as cookstoves, water filters, solar lamps, and sanitary products. As part of its marketing. The company […]
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06 Mar 24

INNOVATION IS NOT ALL ABOUT DOWNSIDE RISK

During the strategy workshop I referenced in my previous two articles, there was also a discussion about how failure to innovate – read adopt new technology – could lead to non-achievement of objectives. In this regard I deliberately moderated the discussion towards use of innovation as a risk management tool. Unsurprisingly, majority of the participants […]
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28 Feb 24

INNOVATION: FIRST MOVER NOT MANDATORY

During the board strategy retreat I referenced last week, there arose a heated debate about whether the company needed to develop “unique” products never seen before or could consider improving on some that were already in the marketplace. Proponents of the “unique and never seen before” innovations supported their position with arguments raging from potential […]
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19 Feb 24

INNOVATION: NOT ALL ABOUT TECHNOLOGY

INNOVATION: NOT ALL ABOUT TECHNOLOGY A few days ago, I facilitated a board strategy workshop. The word “innovation” kept cropping up during discussions on the strategic pillars. Some participants felt that innovation should be a standalone strategic pillar while the majority felt that it should be a sub-component of the Information and Communication Technology Pillar. […]
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29 Jul 23

WHY NOT LEAD USING ANSWERS?

When I emphasized about the significance of using questions in lead strategic leadership, I received a call from a friend who was not convinced about the approach. His main concern was that a leader who avoids giving candid and firm answers runs the risk of being perceived as weak and indecisive. He also wondered whether […]
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27 Jul 23

QUESTIONS: THE KEY TO STRATEGIC LEADERSHIP

While facilitating a strategy review meeting for a faith-based organization in 2019, my attention was drawn to a unique approach by the Executive Director, who kept asking questions to participants and hardly came up with any solid recommendations regarding strategic choices. Group work was the predominant approach during the workshop with participants regularly breaking into […]
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19 Jul 23

GOOD GOVERNANCE IS BENEFICIAL TO SMEs

In June 2023, a business person dismissed an example I gave about Chase Bank while illustrating why he need to enhance governance is his company as a “Big Company Problem.” My efforts to illustrate how the issues were relevant to his business were met with a lot of resistance. For starters, Chase Bank collapsed in […]
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