Thursday, March 21, 2013

How to become a millionaire in the New Bamenda: An answer to why there are no more billionaires in Bamenda? (Part II)

Read Part I of this post here

1)      The employer/employee divide.
Poor employer/employee relationships limit growth up to 60% of the time. According to Mr. Dennis Tawah in an interview published in the December 2008 edition of Upgrade magazine, ‘‘there is a general fear of bestowing trust in employees’’. Mr. Tawah who is now the supply chain manager of Canon in the United Arab Emirate, worked in Bamenda for years. He feels that this is because employees are not usually involved in the decision making process of the day to day running of most companies. He goes further to explain that ‘‘employers need to show their employees that their opinions count, that they are not only their bosses but colleagues as well’’.  

Mr. Acha, the manager of Dreamland Restaurant, a household name in the restaurant business, attests to this statement citing the cold relationship he has with his boss. “I don’t remember the last time I had a five minute chat with my boss”, he says. This could be construed to mean trust in him on the part of his boss, but is it not safe to conclude that employees need a degree of latitude from their employers to be able to perform at optimum capacity? This brings us to the following point:

2)      Lack of trust in employees.
Most employers in Bamenda tend to be the ‘‘do it yourself ’’ bosses. While most employees will complain that their bosses do not trust them to make wise decisions relating to the business, employers on the other hand do not hesitate in aggressively highlighting every mistake they make.  Talking to Jacky Sendze, the CEO of Bambuiy Engineering on the issue, she was quick to point out that most workers deliberately do not want to make decisions because of fear that it could backfire if things go wrong, even when they have the authority to do so. “There is nothing wrong in failing so you can be corrected subsequently. Shying away from these responsibilities only makes workers lazy and the bulk of the work comes back to the bosses”, she adds.

Could this be the same reason why most companies with their headquarters out of Bamenda make all the decisions on behalf of their branch managers? What role do branch managers therefore play if power is so centralized?  Numvi Wallace a Cameroonian studying in Denmark now in Cameroon on research on the topic of decentralization remarks that ‘bottom up decision making is more productive since those at the bottom are in direct contact with the challenges and can make sound decisions in relation to these problems more than those at the top of the pyramid’. On the contrary the top-down decision-making structure means that business units are unable to respond rapidly to competitive trends. This is one of the reasons why nimble start-up companies, with few managerial layers to wade through are often able to surprise their larger competitors and claim a profitable niche in the marketplace.

Only agile and resilient organizations – and people – will thrive and make billions in this new era. Employers must allow the employees to have the audacity to take bold steps, learn from their mistakes and make corrections quickly and accordingly. This means employees should be deployed in flexible project teams rather than confined to a single pre-defined job. But at the same time, individual accountability must be clearly delineated from team accountability. This makes for a results-oriented and fast-paced organization where a culture of shared values and principles exists, an empowered work force that has permission to take action, and a broad network of colleagues working under common standards with shared goals, of course with the guidance of bosses.

3)      Lack of proper training of employees.
Why would an organization be reluctant to invest in training its employees if it makes them more skilled?

There are four resources all organizations must manage: money, equipment, information, and people. Investment in better equipment will speed up production and reduce waste. Information is power. Data about products, prices and customers are essential to every business. Investment in training and development of employees makes them more productive and effective in their jobs. Even a moderate training can have a substantial effect. The purpose of training and management development programs is to improve the employee’s competence and organizational capabilities. When the organization invests in improving the knowledge and skills of its employees, the investment is returned in the form of more productive and effective employees.

Unfortunately, most employers have a bias about the training and development of their employees. To some employers, they do not see any direct return on investment (ROI). To some others, the fear is that training makes their employees more likely to being whisked away by other employers offering a bigger carrot.
Identifying a problem is half solving it. Employers should sit up and do just the right thing. Employers should invest in capacity building within their company structures to see their companies grow.

4)      Remuneration.
Entrepreneurs in Bamenda have yet to find the one silver bullet that can ensure sustainability and growth in a weak and struggling economy. A certain degree of growth comes from improving a company's performance from within and that requires an energized, innovating talent force. It is surprisingly tough attracting and retaining talent despite high unemployment. Many companies in the North West can’t find enough skilled people, such as marketers and managers which are in short supply. This, however, is attributed to very small pay packages, accorded to employees, reason why they migrate out of the region to seek greener pastures in big cities like Yaoundé and Douala.  “Our salaries are very low. It is for the lack in motivation and incentives that we must look for alternative means to make ends meet. Picking up two or three passengers as we go along helps us a lot...” a bus driver who refuses to identify himself protests. This of course is one of the reasons why majority of the accidents on our highways only works to the disadvantage of the transport companies.

5)      Greed.
In Bamenda, greed has not only become an acceptable phenomenon, it has become legal. It is greed that makes people amass wealth irrespective of whom they trample upon or who they take from. This attitude stifles the young from dreaming, thereby killing potential billionaires. It is greed that makes those who have “made it” to take from those who are still on their way up the ladder of growth. Greed gives unscrupulous folks the temerity to take advantage of the weak, stripping them of their will to live for something as opposed to just living.   

Business should be a fair game. You give something to get something in return.  The average businessman in the North West takes something for nothing 80% of the time. How much love can you show your community or your country than to give back some of what they gave to you? 

6)      Weak organizational structures
An organizational structure refers to the pattern or structure of jobs as well as responsibilities in an organization. A structure is composed of departments or divisions within a specific management hierarchy and how these inter-relate. It should also provide a set of rules and procedures for each department as well as a rough outline of high-level goals. In clearer terms, an organizational structure will refer to how the various departments within an enterprise inter-relate. It is imperative to note here that all departments rely on each other, meshing smoothly for the growth of the organization.

A well-structured system has the obvious positive effects on the company.

Business people have yet to realize that for any business to thrive in a rapidly changing environment like Bamenda, decision-making at times need to be swift and out of the norm. This can only be attained when companies are well organized with every department carrying out their specialized functions well. But we are faced with a situation where business systems of days gone by are still so rigidly practiced today.

7)      Tax related issues.
It is very easy to cast Taxation as the villain, as a heartless institution put in place to cheat or punish honest hardworking people. But taxation is concerned about one thing only: generating revenue for the state. The officials who go around “harassing” the little man struggling to make a coin don't make the tax laws; they only enforce them. However, it is how these laws are enforced that affects the businesses. Many businesses have closed, stayed small or changed business names, thereby loosing goodwill accrued over the years and revenue because of tax related issues.

Far too often, however, businessmen or even firms find it difficult to comprehend tax systems because they have little or no understanding of its dynamics. They become skeptical of the motives of tax officials. As a result, they favor small or less conspicuous business ventures over major initiatives. That is one of the reasons why most businesses fear advertisement because it exposes them not only to new clients and investors, but also attracts the legal attention of the state and therewith the hot and corrupt gaze of the tax collectors, hence the limitation of growth and expansion.





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