Friday, February 19, 2021 / 6.30PM / Ottoabasi Abasiekong for
WebTV/ Header Image Credit: NBCC
Value Chain resilience is one of the key components that distinguish businesses that are strategic, innovative, and sustainable. The CEO/Group Managing Director of Flour Mills Nigeria Group, Mr. Omoboyede Olusanya, said this as a keynote speaker at a recent webinar hosted by the Nigeria-British Chamber of Commerce (NBCC).
Speaking on "Strategic Business Transformation: Playing to Win" he emphasized the need for businesses to link the value-chain of their operations to their value proposition. According to him, this is the approach that Flour Mills Nigeria has taken in the Agric sector, connecting its strategies with the entire value chain and ecosystem of the industry.
He stressed the fact that Business Transformation must always tie into the conviction and belief of companies and the environment they operate in. Speaking further he said Flour Mills had invested in backward integration, which was vital to manufacturing and industrialization for any nation; developing a robust value-chain for its business operations.
The business leader highlighted the following strategic areas that organizations should consider as a top priority;
Olusanya also emphasized the need for companies to be innovative, technologically inclined, leveraging data, and having a strong distribution network.
He said Flour Mills Nigeria had led a legacy of impact, job creation, and social development in the country through the following areas;
In terms of a few common strategy mistakes that businesses make, Olusanya noted some issues that should be addressed urgently;
Giving the opening remarks the President of the NBCC, Mr. Kayode Falowo, said the choice of the theme for the webinar, was influenced by the need to emphasize strategic transformation as an imperative for business leadership.
Mr. Falowo said the webinar was in alignment with the goals of the chamber, which was to empower its over 350 members that comprise companies, organizations, and institutions.