THE WORLD HAS CHANGED!

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.