Tuesday, October 31, 2006
ICT is progressively reducing the significance of other factors of production. Through ICT it is now possible for countries to trade without border restriction. Therefore, as a result of anchoring their operations on ICT based delivery system, the banks with IT services have become more profitable.
Though the advantages and opportunities that ICT offers are very great, but this is not without some challenges. Fraud can likely occur more seriously in financial industry (banking) since large amount may be easier to perpetrate electronically than the manual operation. Fraudster can beat various security codes. Though fraud can be greatly minimized, but there could still be some element of dishonest act.
Moreover, another area in which the adoption of information technology has negatively affected the banking sector is the threat it poses for the employees in the sector. According to Jaffer (1968), he ascertained that “unemployment is cyclical phenomenon; technological progress may make for short-run problems of unemployment, which require time for adjustment because of immobility of capital and labour”. According to an official of National Union of Banks, Insurance Financial Institution Employees (NUBIFIE) , one of the greatest achievements of the group before the adoption of Information Technology in banks was the security and guarantee of employment for it members. In the words of Ibrahim (1998), he stated that ICT was adopted in bank without any notice, without any plan for the future existence of the displaced employees, without adequate rehabilitation plan and benefits.
As firms embrace ICT some employees in companies tend to be understandably nervous about the implications. They assume that if that if their company chooses to restructure itself around web technologies, their jobs may disappear. Gates strongly disagrees with this opinion he said “not so unless “restructuring” is just a fancy term to mask layoffs”. He goes on to add, “When a company downsizes, jobs are lost, when a company out sources, job move”. He opines that by and large the changes in organization structure will empower good employees.
Michael Dell characterizes the direct business today as “different combination of face-to-face, ear-to-ear and keyboard –to-keyboard. Each has its place. Internet doesn’t replace people. It makes them more efficient. By moving router interaction to the web and enabling customers to do mere things for themselves, we freed up our sales people to do more meaningful things with customers” .
Groups of people are using electronic tools to act together almost as fast as a single person could act, but with the insights of the entire team. ICT allow you have faster access to information about sales, our partners, and customers. We are able to react faster to problems and opportunities. It allows for accuracy, immediacy and richness of the information it brings to knowledge workers the insight and collaboration made, possible by the information. It helps to stimulate a concerted response by employees to develop and implement a business strategy.
ICT enhances knowledge sharing and helps to build on each other’s ideas in real time. You need a fast flow of good information to streamline processes, raise quality and improve business execution. ICT helps you achieve this. ICT give you access to data that leads to insight into your business.
ICT allows you to automate routine processes and allow employees do thinking work, not manual work. ICT helps to cut research from hours to minutes.
ICT also enhance work style flexibility. For instance, a web work style also makes it easier for people who have good skill sets but who can’t or choose not to work full-time. With the use of Internet such people can find work and opportunities and yet work from remote locations. Many knowledge workers will live where they want to live and structure the work the way they want it and still make major contribution to the business they work for or with.
ICT enables an organization to empower its employees. It makes workers to pursue life-learning skills, which will ultimately boost their productivity. This could be through training or even getting higher degrees online, we can develop our most valuable asset there is our brains and increase our intelligences. ICT according to Gates extend the capabilities of our mind.
Friday, October 27, 2006
Emeagwali made the observation in a lecture Entitled: "Ideas, not Money, Alleviate Poverty", which he delivered at the University of Alberta, U.S., recently.
The computer scientist said that intellectual capital, which comprised the collective knowledge of people, was what increases productivity.
"Productivity by driving economic growth alleviates poverty, always and everywhere, even in Africa. Productivity is the engine that drives global economic growth.
"The power of intellectual capital is the ability to breed ideas that ignite value,'' he stressed.
Emeagwali added that the quote was a clarion call to African leaders to shift purposefully and deliberately from a focus on things to a focus on information.
"From exporting natural resources to exporting knowledge and ideas and from being a consumer of technology to becoming a producer of technology,'' he said.
He said that poverty in Africa would be reduced when intellectual capital was increased and leveraged to export knowledge and ideas.
He pointed out that Africa's primary strategy for poverty alleviation was to gain debt relief assistance and investment from western nations.
"On the contrary our strategy for poverty alleviation should mean looking beyond 100 per cent literacy and aiming for 100 per cent numeracy, the pre-requisite for increasing our technological intellectual capital,'' he explained.
Emeagwali said it was sad that in this age when poverty alleviation should result in producing valuable products for global market and competing with Asia, the U.S and Europe, "shamefully, diamonds found in Africa are polished in Europe and re-sold to Africa''.
The banks and Insurance companies will become more ruthless or realistic in hiring employees, “there has been a tremendous reversal of complacency”, said Stephen Roach, an economist at Morgan Stanley who had frequently criticised computer spending. John skeritt, managing partner of Andersen Consulting in the US, reckoned that “Technologies like image processing, voice recognition, telephone banking, expert system for doing loan evaluations, will continue to cause massive layoffs”.
As personal computers became more integrated into office organisation they lost much of their idealistic appeal of the previous decade, as the liberators of young people from bureaucracies and officialdom. They were still thrilling instruments for loners including writers, dealers and designers. But inside companies they were becoming part of the power-structures, associated with central whom rather than liberation, they were linked up to central networks and databanks which could provide abodes with mechanical all-seeing eyes, showing them how to make ants, enabling them to check on salesmen’s performances, to bypass middle-managers and replace them. Decisions taken through computers as Norbert Wiener had warned forty years earlier were overtaking human decisions. Know-how was prevailing over know-what and the spread of computers was speeding up the most ruthless purge of company men since the depression of the thirties.
Human Resource productivity is a result of so many factors such as health are, nutrition, motivation, remuneration, education and training, division of labour, effective administration and the quality of tools at the employees disposal including ICT tools. In recent years ICT has been playing a non dominant role in determining the productivity of the employees. It is argued that even the relatively rich economies seeking to capture some of the key industries of the next century, will need to create the conditions and environment necessary for creativity and innovation essential for moving into and being competitive in the knowledge-based industries which will provide the highest value-added for economies
Thursday, October 26, 2006
From an enterprise, organization, or institutional point of view, human resource development (HRD) could be described as the integrated use of personnel training and development, organization development and career development to improve individual group, and enterprises organizational Institutional effectiveness to fulfill the vision of the institution. The basic purpose of HRD in the institution will be to develop a good fit between the institution, its job practices, activities and environment. It focuses on an organized effort to improve the current and future performance of the personnel in the institutional setting. The HRD program is expected to be a vehicle for developing personnel competencies, skills, and understandings to enable the organization to achieve its mission and goals. This can be achieved through three major ways:
• HRD is concerned with clearing strategies that continuously improve the performance of the organization of human resources both individually and in groups.
• HRD is concerned with the needs of people to be productive contributors to the organizations’ vision and society’s mandates.
• HRD involves learning about affective approaches to the following areas and the return on investment to the organization from such activities:
i) Strategic human resource planning
ii) Alternative methods for improving performance (training, education, career and organization development).
iii) Technology transfer of leaving
iv) Performance evaluation (Basket Carnes, Groff, and Sample, 1994).
From the above it implies that from an economy-wide point of view human resources development is the process of increasing the knowledge, the skills, and the capacities of all the people in a society. In economic terms, it could be described as the accumulation of human capital and its effective investment in the development of an economy. In political terms, human resources development prepares people for adult participation in political process, particularly as citizens in a democracy. From the social and cultural points of view, the development of human resources helps people to lead fitter and richer lives, less bound by tradition (de Silva 1997 ). In short, the processes of human resources development could be described as unlocking the door to modernization. According to De Silva (1997), the importance of HRD is obvious when one considers that in any economic activity it is the human element that commands, directs, organizes, controls, maximizes the factors of production. This implies that the quality of people appropriate to the particular level and complexities of the activity determines how well or poorly, these tasks are accomplished. The implication is that a poorly accomplished task implies poor and weak economic performance (low or negative growth rate) and a well-accomplished task implies strong economic performance (high growth rate).
Wednesday, October 25, 2006
It is argued that the emergence of knowledge and application is the main determinants of competitiveness and the major driver of this is ICT. High productivity depends on the quality of human capital (and on how human resources are used) a lesson to be learnt from the developed countries. As contended by Drucker (1992), productivity is arguably the most important social event in the development of countries in the past hundred years. Education, management and training shorten the time-span within which a country with low wage costs can achieve higher productivity. Although with high productivity wages are expected to rise there has been a steady decline in the importance of other research input such as natural resources in creating national wealth. Information and advances in other technology have increased the demand for intelligent workers who can extract the most out of technology, as well as for people at higher levels to create and adopt technology to new uses.
It is argued that HRD has played a significant role in the quick and rapid industrialization and general development of such countries as Singapore, Hong Kong, the Republic of Korea, Taiwan, China, and earlier in Japan (World Bank, 1993a) . The World Bank studies of East Asian development has identified investment in human capital as one important factor contributing to the rapid development of the East Asian countries enabling it to periodically upgrade labour skills and the economy (Birdsall and Sabot 1993) . The Asian experience gives a direct account of how HRD could easily lead to higher economic growth.
For example, by 1990, raw materials after adjusting for inflation, were approximately 40% less than they were in 1970 (International monetary fund privy commodities: market development and outlook, July 1990:26).
Perhaps it is fair to state that the biggest problem faced by any person who is put in charge of the management of any resources is the problem of how to raise productivity. The utilization of resources often raises the problem of economic use. For a venture or an activity to be regarded as productive the ratio between input and output must be positive.
Sunday, October 22, 2006
Friday, October 20, 2006
Paraphrasing what Viktor frankl, the great Austrian psychiatrist, said ‘greatness, like happiness cannot be pursued; it must ensue….as the unintended side effect of ones personal dedication to a cause greater than one self’ .Commitment to Radical ideas is a major way to attain greatness. Pursue those ideas of yours that has not gotten a hearing elsewhere. I understand that it may not be easy. Yet greatness can spring forth from your present lack and pain.
I want you to know that greatness is inherent within you. Yanni the legendary jazz musician said ‘greatness is not in money, power or possession but in truth, kindness, simplicity, compassion and creativity. If you have this understanding then you will realize that you are not disadvantage. Greatness is accessible to all and sundry
Greatness however is not without a price. You must be willing to give up something to become your best. You must be willing to be patient. Give your dreams realistic time frames. You must be willing to say no even when it hurts. You must embrace self denial.
Rick Jorner said ‘everyone who has had a positive impact on human history has given more importance to the product or purpose than to personal fulfillment’. He adds that you must have a focus upon something beyond yourself. The reason is because something that is greater than yourself has the power to turn even the mundane into a powerful vehicle for human advancement.
Greatness does not result from wanting to be great, but by the determination to take something out of ourselves to greater heights. When we help people to rise, we will never be low. We can only do this when we understand people, love them and help them to believe in themselves.
Read what Jesus said in the following scriptures: Matt 18 vs. 4 therefore who ever humbles himself as this little child is the greatest in the kingdom of heaven. Matt 5 vs. 19b but whoever does and teaches my commandment, he shall be called great in the kingdom of heaven. Matt20vs.27 and whoever desires to be great among you let him be your servant. Just as the son of man did not come to be served, but to serve, and to give his life a ransom to many. From the statements of Jesus it’s obvious that you become great not by what is done for you but by what you do for others.
Copyright ADEOSUN OLUYEMI THEOPHILUS
Thursday, October 19, 2006
In judgement just like in life, perspectives differ we usually have incomplete information. In case even where we have all the facts we may not be able to feel the heat of the moment. For instance its envy for someone who studied in the 60’s to be criticizing someone who is schooling in the 90’s. A lot of things have changed. The ratio of student to teacher as changed its true you’ve attended school but not in a time like this. We need to seat down and consider carefully the situation surrounding the person in question; we need to get to the root of the matter. We just have to avoid been presumptions. In the process of making nasty statements we tend to miss out on some vital information we need to listen carefully to all sides of the story. You will have to be patient. Gives the policy time to prove or show its worth. At least for a moment pause and think. Ask yourself how can this policy possibly be of benefit to us? What opportunities exist or can accrue from this change?
Many times people are wrong at least their actions are wrong (intentions may be right) but could you just refrain from castigating the culprit? On a good day the fellow is aware he is wrong. The fellow is already feeling bond so you can keep quiet. I am sure the person will feel grateful to you from within. Even where the person is unapologetic when wrong. You need not trade words with him. Just quietly and respectably leave the scene. I want you to know that there is strength in quietness and confidence. Finally remember that you have not always been right yourself. So why throw a stone in the first place? My lord temper judgement with mercy what i am saying in essence is that we should create a non-judgemental climate.
Tuesday, October 17, 2006
When couples are young they tent to be stricter with the children they are bringing up. I also notice that in some cases the income of the couple is usually at a low level as of this time. As the couples grow older and more comfortable, these children of their old age are usually pampered and spoilt. Financially, they are obviously better off. The rules are gradually relaxed. The children of old age do wrong things and get away with them.
This child is over protected. He lacks nothing that he desires all he knows is instant gratification. He does not know how to wait for what he deserves. The older chap paid his due. He was punished for almost every misdeed or misconduct; he had to wait a couple of times. Did he have a choice? No he didn’t because money was not available immediately to meet the need as at when due.
To the older chap, all the hardship has now turned into an asset. As he matures and enters into the real world nothing takes him by surprise. He has been adequately trained and fortified for the journey he is now undertaking. He is accustomed to asking several times before his desires become his possession that is what real life is al about. To keep knocking until the door is opened.
Could somebody tell the younger generation that life is not a bed of roses? Tell them that even roses have thorns. We need to embrace discipline. It’s an integral part of our development process. The youth, need to know that “discipline is not synonymous with loss of fun but that could be its short term consequence. The initial rules that produced the desired results have to be revisited. The rules of life must just be fully obeyed.The truth is that we need to imbibe discipline even at the national level. Indiscipline is responsible for dwindling fortune over the years we need to obey the rules.
This is a question a young man asked a friend he was trying to encourage. The friend had just suffered a major set back. He was failing his pre-clinical exams again for the second time. The resultant consequence was immediate withdrawal from the department of medicine and surgery. The person that came to console Harry was representing an organization. Just imagine the first statement he uttered was ‘how does it feel to fail’?
Harry ended up feeling more devastated than he was before his friend showed up to counsel him. To Harry’s dismay words from the other members of the same organization were not any better. He was told that a major reason responsible for his failure was his ‘over commitment’ to the organization. Harry was devastated “why were they just making this observation now”? Why now when it is too late to make amends.
They came to comfort him but they appeared to be enemies. At least that is what their speech connotes. Can you identify with Harry’s story? Have you ever-needed encouragement, a shoulder to cry on, or an ear to listen and instead what you get is just the opposite? I have come to discover that the average individual does not know how to express appropriate words to comfort a friend. Their words misrepresent the compassion they have at heart for you. I know it hurts but you have to forgive them. I can tell because I have been there.
On the other hand, how do you treat those that are hurting around you? How do you relate with hurting people? If you do visit such people, rather be quiet than say the wrong things. A warm embrace or a pat on the shoulder can convey your heartfelt compassion. It’s not time to ask questions either. If you must talk, make it brief and pregnant with hope. Use words and phrases that will infuse hope and courage in the heart of you friends. Visit the person more frequently but let each visit be brief. Call the person, mail the person or drop short notes for the person. On each visit let you countenance be cheerful.
Monday, October 16, 2006
We don’t know what we are missing until we have ‘it’. We do not know the value of what we have until we lose it. What do you think about those two statements? If we have been missing something before we got it, why then should we have to lose it be fore we start valuing it? Some of us can go to any length to get a woman to be our wife but what happens after you are married? You can discipline yourself to get a job but what happens afterwards? Perhaps you can read like “mad” to gain admission into a higher institution and then relax when you get in. Taking someone for granted simply means acting as though the other person does not have options.
The truth is that it requires at least the same amount of input to sustain a process to initialize it. In relationships we tend to be eager and willing to please the person we are courting his or her attention. The subsequent reduction or with drawal of attention and affection usually have far reaching effects. On our part it’s not that we don’t like the person anymore but somehow we take the person for granted. I want you to realize that indifference or non-challant attitude could be approximated to dislike. Your apparent lack of concern for your spouse will become a major concern to her. Don’t allow your love to wax cold by your inaction.
Passion doesn’t just grow or goes by itself. It is activated or deactivated. Don’t tell me you don’t know how you became indifferent to you job. Can you remember when you were chasing the job in the first place? You had expectations. You had dreams to accomplish then. Now do you still have expectation when you go to work? If it was just the remuneration that attracted you in the first place then quit the job. Money cannot replace the happiness derived from enjoying the work you do. That’s why your work must be an area of your interest. Your goal should be taking the profession to a higher level than you met it.
If you do not want to lose your prized possession to those who are courting it with dedicated attention then your must start chasing it again. Remember the flowers, cards, gifts and meals out or the indept study, Internet browsing and seminars you used to attend to keep abreast of development. Get back to it
Friday, October 13, 2006
‘I will celebrate the occasion to the extent that the world will hear and the heavens will know”. Have you ever heard such a comment? In this part of the world it is quite normal for people to want to outmatch the celebration of others. The average individual planning for wedding, burial or birthday ceremony tends to appraise all such occasions he has attended and then out do them. As a result of the capital intensiveness of such a party people tend to use their saving, sell their investments or even go a borrowing to meet the financial requirement of the occasion.
“I will dress to kill, I will call a popular musician; the reception will be at the pool side of the most expensive hotel, wine will flow like water. I will kill 25 cows”. The list can be endless. We plan as if after the Saturday there won’t be a Sunday. If you actually put together how much some people put into parties you will be dazed. While some people spend the colossal amount comfortably, many others are indebted for many months afterwards.
The main constituent of the occasion are usually not expensive the essence of a birthday is to thank God for adding another year to your life. The essence of a naming ceremony is to give the baby a name. Burial ceremony is all about committing the old man or woman to mother earth. Wedding is just to give legal consent to an intending couple to be married. In the real sense of it, you will discover that the cost for any of there occasions is not too much. All other things are peripheral. It’s just that somehow we tend to major on the minor and minor on the major.
Have you ever considered celebrating your Christmas in an orphanage or the school for the disabled? Have you ever given a thought to celebrating Christmas with prisoners in their chapel? I hope my suggestions do not look outrageous and ridiculous. Your next birthday thanksgiving may be an endowment to needy students. Whatever you do, please be modest and moderate.
Why should you suffer for many weeks because of an event of some few hours? Why should there be unnecessary conflicts in your nucluear family because you have to incur debt to finance the burial of an old man? I want you to realize that the dead man will appreciate a low decent burial without conflicts than an extravagant ceremony with inhouse fighting lasting for several decades afterwards.
Do your best with what you have. There is no point incurring debt to please people. Faultfinders can hardly be satisfied. If you can’t afford the extended family attire, don’t be ashamed to say so. If you can, fine but don’t crucify those who can’t. For once have a simple ceremony and let them say.
Thursday, October 12, 2006
One major feature of marriages in developing nations is the presence of many children. Inspite of the impoverished condition of the people, they so ahead and have far more number of children they can nurture and cater for adequately. One old man said the chicken is blessed with many chicks, and yet they do not go hungry. He adds further that the God that caters for the hen’s chicks will cater for my eleven children.
I paused to ponder on the old man’s assertion I then decided to pose a few questions to him. Are we humans and animals endowed with the same level of intelligence? Are we supposed to take steps with out thinking if we will be able to cope with the consequence? The creator had endowed us with the ability to ‘choose’. Choice is a gift of God and we are supposed to use it with discretion.
Animals usually have heat periods or mating periods. The period when a particular species of animals can conceive is about the same. This is not so with humans. Humans generally can conceive at any period in the year. I believe nature made it so because we have been endowed with the power of choice.
Another person supports his having many children with a pass age from the holy writ. “Be fruitful and multiply”. Come to think of it, is having many children the only way to follow that scriptural instruction? Are you mentally fruitful? Can other people’s income multiply because of your creativity? The same holy writ says ‘a good father leaves inheritance for his grand children”. Try to obey this injunction too. Develop your mind to the extent that you can convert your intellectual property to physical wealth.
I personally believe that 75% of our personal problems are avoidable, 25% are unavoidable but can be solved. The avoidable 75% are more difficult to solve because they are self created. Your situation can change if only you yourself is willing to change. Focus you attention on birthing ideas that can solve problems for others and thereby create income for you. Give birth to children. But much more importantly birth solutions.
(“Many children perpetuated poverty” Yoruba Proverb)
Wednesday, October 11, 2006
FULL EMPLOYMENT, FULL ENJOYMENT
One of the first things I got to know in economics is that the need of man is insatiable and that his resources are limited. In this part of the world the rate of unemployment is on the high side. I began to ask myself questions. How come we have so many people unemployed in this nation? How come this quantity of human resources called labour is wasting? Human resources after all should be part of the limited resources we are supposed to judiciously manage.
Could it be that labour supply is unlimited while the use for labour is limited? It this is true, then the earlier stated belief becomes invalid come to think of it, I do believe that for us to have solutions on ground then there must be existing problems. It is our inability to match appropriately the solutions to the problems that is making it seem as if the availability of labour supply is now a problem we tag unemployment.
Labour supply is a blessing and not a curse. I realize that we can have full employment. I believe that every one that can identify his skills should go ahead and identify the problems his skills can solve. What is happening in the labour market is that problems are hiding from solution i.e. work is hiding from labour. The solution to this menace must be radical in nature. Labour cannot afford to be passive or casual in its approach to getting victory.
Labour must ensure that it focuses its attention on looking for work it can solve. Labour must resist the temptation to focus on wages instead of work that it can solve to meet immediately needs. Focusing on wages alone will not only deny us of getting full employment but also full enjoyment. Full enjoyment requires not only adequate remuneration but also job satisfaction. Yes, ensure that your job places a demand on a combination of your skills and interest.
At this intersection, you as an individual will then be at equilibrium. Do not settle for anything else or less for then you shall surely be blessed. Treat yourself with a little more respect because competing for your set of abilities is an unlimited array of needs to be met.