Strategy /

12-1200x675.png

Billions have been lost on digital transformation initiatives that promised the future but delivered disappointment. New software was deployed over outdated processes. AI pilots with no real business case. Employees excluded. Strategy written but never executed. 

It was not a transformation. It was decoration. 

Now, as artificial intelligence accelerates, the risk is even greater, especially for leaders who equate technology adoption with progress but ignore the foundations of value creation, culture, and execution. 

To avoid repeating history, we need to rethink what digital transformation truly means. Not more tools. Not more hype. But a structured, business-first approach that links innovation to outcomes. 

Here are 10 essential principles to guide that journey: 

1. Business-Led, Tech-Enabled 

AI should serve strategy and not drive it. Every initiative must begin with clear business objectives. 

DBS Bank in Singapore transformed its operations by anchoring AI investments to its core mission. This approach led to a 50% reduction in the cost-to-income ratio for serving digital customers compared to traditional ones.  

2. Holistic Transformation 

Transformation is not about plugging digital gaps. It is about rethinking the business model from the ground up. 

Ping An in China reinvented itself as a technology-powered health and finance platform. This strategic shift contributed to a 9.1% year-on-year increase in operating profit attributable to shareholders in 2024.  

3. Human-Centric AI 

AI should augment, not displace, human potential. 

Unilever leveraged AI to enhance demand forecasting, improving prediction accuracy and leading to better resource allocation and planning across departments.  

4. Ethics by Design 

Trust is now a strategic asset. Companies that embed ethics into AI architecture gain stakeholder loyalty and reduce reputational risk. 

Microsoft has implemented a Responsible AI Standard encompassing fairness, reliability, privacy, security, inclusiveness, transparency, and accountability. This framework guides the ethical development and deployment of AI technologies.  

5. Data as Strategic Asset 

AI is only as good as the data that feeds it. Yet many businesses overlook data governance. 

Siemens found that companies using its Senseye Predictive Maintenance reduced maintenance costs by 40%, increased maintenance staff productivity by 55%, and decreased machine downtime by 50%.  

6. Innovation Ecosystem 

No organisation can innovate in isolation. Partnerships, experimentation, and ecosystem engagement are critical. 

Visa invested $12 billion over five years to enhance its cyber, fraud, and risk tools. In 2024 alone, its initiatives disrupted over $350 million in attempted fraud, including taking down 12,000 fraudulent merchant sites linked to scams.  

7. Value Over Vanity 

Avoid the trap of showcasing AI projects for headlines. Focus on business outcomes. 

GE Aerospace partnered with airlines to implement AI-powered digital twins, enabling predictive maintenance that reduced downtime and maintenance costs, enhancing overall efficiency.  

8. Agile Governance 

Innovation must be guided—not stifled—by governance. 

ING Bank adopted an agile transformation, reorganizing 3,500 staff members into self-managed squads. This approach improved time to market, boosted employee engagement, and increased productivity.  

9. Democratise AI Understanding 

AI literacy should not be limited to engineers. Every function should understand its potential and limitations. 

Amazon trains its employees, regardless of role, in AI basics through internal academies. This widens adoption and sparks innovation from unexpected places. 

10. Long-Term Vision, Iterative Execution 

Transformation is a marathon with sprint cycles. Big ideas need small wins. 

Rolls-Royce started its AI journey with narrow pilots in engine analytics. Only after proof of value did it scale across supply chains and customer service. The guiding principle: start small, learn fast, and scale smart. 

The age of AI is not just about new capabilities – it is about new disciplines. And it is not just about what you deploy, but how you align it to purpose, people, and performance. 

Avoid the tragedy of transformation theatre. Lead with clarity. Execute with discipline. 

At H. Pierson, we help organisations close the gap between strategic ambition and tangible execution. We turn your vision into clear, measurable actions with accountability and follow-through at every level. 

In the end, it is not the technology that transforms your business; it is what you do with it. 

So, what will your legacy of transformation be? Another shiny dashboard or a sustained shift in how value is created? 


11-1200x675.png

Many strategies fail — not because they are flawed, but because they are not executed. 

Across boardrooms and leadership teams, there is often a disconnect between strategic intent and operational delivery. The leadership retreats are energising, the goals are clear, but three months in, reality sets in: misaligned teams, missed timelines, and no structured way to track what is working and what is not. 

This execution gap is not just a technical issue. It is an existential one. 

In an environment of rapid change, shrinking margins, and rising stakeholder expectations, the ability to translate strategy into coordinated, real-time action has become a critical differentiator. 

Bridging the Gap with Digitisation 

Traditional strategy execution methods — PowerPoint plans, static spreadsheets, and quarterly reviews — are not designed for today’s speed of business. They create delays in decision-making, obscure accountability, and mask performance bottlenecks until it is too late. 

Digitisation offers a better way. 

By digitising strategy execution, organisations move from static oversight to dynamic control. Real-time dashboards, automated performance tracking, and integrated reporting enable leadership to monitor the status of every strategic initiative at a glance. These tools make invisible gaps visible — early and objectively. 

Case in Point: Maersk 

Global shipping giant Maersk provides a notable example. In response to the complexity of its transformation agenda, the company deployed a digital strategy execution platform to track hundreds of initiatives across its supply chain, finance, and operations teams. 

This digitised approach enabled: 

  • Centralised monitoring of strategic KPIs in real time 
  • Cross-functional accountability across departments 
  • Faster issue escalation and course correction 

As reported in their 2022 Annual Transformation Review, this led to a 13 percent improvement in on-time project delivery across business units – a material gain in a time-sensitive, asset-intensive industry. 

Maersk’s experience illustrates a key truth: the ability to see execution clearly — and respond quickly — is now a core leadership capability. 

Aligning Actions with Strategy 

One of the reasons executions fail is that employees cannot see how their work fits into the bigger picture. The strategy may discuss innovation, market expansion, or cost optimization, but without a visible linkage to individual or departmental actions, these goals remain abstract. 

Digitisation solves this. By cascading goals across business units and linking them to individual responsibilities, organisations build alignment and ownership. 

A 2023 McKinsey study found that companies that align individual goals with enterprise strategy experience 30 to 50 percent higher initiative success rates. Moreover, teams that can visualise their impact are more engaged, agile, and collaborative. 

This shift from disconnected workstreams to integrated execution is not just about productivity. It is about creating momentum. 

From Reports to Rhythms 

Traditional strategy execution often relies on retrospective reporting — what happened in the past month, quarter, or year. But in a fast-moving world, this is too late. 

Digitised execution tools change the cadence of leadership. They provide early warnings, spotlight execution risks, and enable proactive interventions. Rather than reacting to missed targets, executives can guide performance in real time. 

However, tools alone are not enough. Success requires a shift in behaviour: a new rhythm of weekly action reviews, cross-functional stand-ups, and leadership check-ins that embed execution into the daily heartbeat of the business. 

At H. Pierson, we support this through our strategy execution partnership platform, which not only visualises performance but instills the governance and habits that sustain momentum. 

Final Thought 

Strategic clarity is not enough. Without execution discipline, ambition remains theoretical. 

In a world where performance gaps widen quickly, digitising execution is not just a tool — it is a mindset shift. A shift from abstract strategy to active leadership. From lagging reviews to real-time insight. From big plans to bold delivery. 

Strategy should not be a quarterly ritual. It should be a daily habit. 
The future belongs to organisations that can execute with discipline, speed, and visibility. 

If your strategy is worth designing, it is worth executing with discipline. 
Now is the time to ask: Do we truly know how well we are executing — or are we relying on hope and hindsight? 

If your team is ready to explore what that could look like, we are here to support that conversation. 

H. Pierson Business Advisory  


real-estate.jpg

Short-Term

1. Market Research and Analysis: Understand demand and supply dynamics.
2. Diversification of Portfolio: Explore residential, commercial, industrial, and hospitality sectors.
3. Land Acquisition and Development: Secure strategic land banks.
4. Partnership and Collaboration: Foster partnerships with local and international investors.
5. Regulatory Compliance: Align with the regulatory bodies 
 

Medium-Term

1. Affordable Housing: Develop affordable housing solutions.
2. Sustainable Development: Incorporate green building technologies.
3. Technology Integration: Leverage PropTech for efficient operations.
4. Expansion into New Markets: Enter new geographic markets.
5. Talent Development: Invest in staff training and capacity building.
 

Long-Term

1. Integrated City Development: Develop self-sustaining cities.
2. Infrastructure Development: Invest in supporting infrastructure (e.g., roads, utilities).
3. Real Estate Investment Trusts (REITs): Explore REITs for capital raising.
4. International Expansion: Enter global markets.
5. Innovation and R&D: Invest in new technologies and construction methods.
 

Regulatory and Policy Considerations

1. Housing Policy: Align with government initiatives.
2. Land Use regulation: Understand and navigate land ownership regulations.
3. Environmental Regulations: Comply with environmental standards.
4. Taxation and Fiscal Policy: Navigate tax regulations.
5. Industry Standards: Establish and maintain professional standards.
 

Financial Considerations

1. Access to Finance: Explore funding options (e.g., debt, equity).
2. Risk Management: Mitigate market, credit, and operational risks.
3. Cost Optimization: Improve operational efficiency.
4. Return on Investment: Optimize profitability.
5. Investor Relations: Foster strong relationships with investors.
 

Operational Efficiency

1. Project Management: Enhance project delivery timelines.
2. Supply Chain Management: Streamline procurement processes.
3. Customer Service: Improve customer satisfaction.
4. Maintenance and Facilities Management: Ensure quality maintenance.
5. Performance Monitoring: Track key performance indicators (KPIs).
 

Digital Transformation

1. Digital Marketing: Leverage online platforms for marketing.
2. Property Technology (PropTech): Adopt innovative technologies.
3. Data Analytics: Utilize data-driven insights.
4. Online Platforms: Establish online presence for sales and rentals.
5. Cybersecurity: Ensure data protection.
 
By addressing these strategy issues, real estate companies in Africa can:
 
– Enhance market share
– Improve operational efficiency
– Increase profitability
– Align with regulatory requirements
– Achieve sustainability
 
And ultimately achieve their 2025 business goals.

sawefqe.jpg

Short-Term

1. Crop Diversification: Explore new high-demand crops.
2. Mechanization and Technology: Adopt efficient farming equipment and technology.
3. Irrigation and Water Management: Develop sustainable water management systems.
4. Market Access and Linkages: Establish strong market relationships.
5. Regulatory Compliance: Align with Agricultural Quarantine Service and other regulatory bodies.
 

Medium-Term

1. Value Chain Development: Integrate processing, storage, and logistics.
2. Investment in Research and Development: Develop new crop varieties and farming techniques.
3. Partnerships and Collaborations: Foster strategic partnerships with local and international companies.
4. Capacity Building: Enhance staff skills and training.
5. Sustainability and Environmental Practices: Implement environmentally friendly farming practices.
 

Long-Term

1. Integration into Global Value Chains: Participate in international agricultural production networks.
2. Agricultural Industrialization: Develop agro-industrial parks and processing zones.
3. Regional Cooperation: Collaborate with neighboring countries.
4. Digital Agriculture: Leverage technology for precision farming.
5. Youth Engagement and Empowerment: Attract and train young farmers.
 

Regulatory and Policy Considerations

1. Agricultural Policy Framework: Align with the government’s agricultural policy.
2. Land Reform: Understand and navigate land ownership regulations.
3. Trade Agreements: Utilize bilateral and multilateral trade agreements.
4. Environmental Regulations: Comply with environmental regulations.
5. Taxation and Fiscal Policy: Navigate tax regulations.
 

Financial Considerations

 
1. Access to Finance: Explore funding options.
2. Risk Management: Mitigate market, credit, and operational risks.
3. Insurance and Crop Protection: Develop risk management strategies.
4. Cost Reduction: Improve operational efficiency.
5. Return on Investment: Optimize profitability.
 

Operational Efficiency

 
1. Supply Chain Management: Streamline input procurement and output marketing.
2. Inventory Management: Optimize stock levels.
3. Equipment Maintenance: Implement predictive maintenance.
4. Quality Control: Enhance product quality.
5. Performance Monitoring: Track key performance indicators (KPIs).
 

Digital Transformation

1. Digital Farming Platforms: Leverage technology for precision farming.
2. Data Analytics: Utilize data-driven insights.
3. E-Commerce Platforms: Establish online market presence.
4. Automation: Implement process automation.
5. Cybersecurity: Ensure data protection.
 
By addressing these strategy issues, agricultural companies in Nigeria can:
 
– Enhance productivity
– Increase market share
– Improve operational efficiency
– Align with regulatory requirements
– Achieve sustainability
And ultimately achieve their 2025 business goals.

export.jpg

Short-Term

1. Diversification of Export Products: Identify new high-demand products.
2. Market Expansion: Explore new international markets.
3. Compliance with Regulatory Requirements: Align with Nigerian Export Promotion Council (NEPC) and other regulatory bodies.
4. Logistics and Supply Chain Optimization: Improve efficiency and reduce costs.
5. Currency Risk Management: Mitigate foreign exchange volatility.
 

Medium-Term

1. Value Addition and Processing: Develop processing capabilities for raw materials.
2. Investment in Technology: Leverage digital platforms for trade facilitation.
3. Partnerships and Collaborations: Foster strategic partnerships with local and international companies.
4. Capacity Building: Enhance staff skills and training.
5. Brand Development: Establish strong Nigerian brands.
 

Long-Term

1. Integration into Global Value Chains: Participate in international production networks.
2. Diversification of Export Markets: Reduce dependence on traditional markets.
3. Development of Export-Oriented Infrastructure: Invest in ports, transportation, and storage facilities.
4. Research and Development: Invest in product development and innovation.
5. Regional Cooperation: Collaborate with neighboring countries.
 

Regulatory and Policy Considerations

1. The Export Promotion Guidelines: Comply with export regulations.
2. African Continental Free Trade Area (AfCFTA): Leverage opportunities.
3. World Trade Organization (WTO) Agreements: Understand and comply.
4. Taxation and Fiscal Policy: Navigate tax regulations.
5. Trade Agreements: Utilize bilateral and multilateral agreements.
 
 

Financial Considerations

1. Access to Finance: Explore funding options.
2. Risk Management: Mitigate market, credit, and operational risks.
3. Foreign Exchange Management: Optimize FX transactions.
4. Cost Reduction: Improve operational efficiency.
5. Return on Investment: Optimize profitability.
 

Operational Efficiency

1. Supply Chain Management: Streamline procurement processes.
2. Inventory Management: Optimize stock levels.
3. Shipping and Logistics: Improve delivery times.
4. Quality Control: Enhance product quality.
5. Performance Monitoring: Track key performance indicators (KPIs).
 

Digital Transformation

1. E-Commerce Platforms: Leverage digital trade platforms.
2. Data Analytics: Utilize data-driven insights.
3. Digital Payment Systems: Adopt secure payment solutions.
4. Automation: Implement process automation.
5. Cybersecurity: Ensure data protection.
 
By addressing these strategy issues, exports trading companies in Africa can:
– Enhance competitiveness
– Increase export volumes
– Diversify products and markets
– Improve operational efficiency
– Align with regulatory requirements
 
And ultimately achieve their 2025 business goals.

power.jpg

Short-Term

1. Metering and Customer Enumeration: Achieve 100% metering coverage.
2. Network Upgrade and Expansion: Improve distribution infrastructure.
3. Loss Reduction: Minimize technical and non-technical losses.
4. Revenue Collection Efficiency: Enhance billing and collection processes.
5. Customer Engagement: Improve customer service and experience.
 

Medium-Term

1. Smart Grids and Technology: Leverage technology for efficient distribution.
2. Renewable Energy Integration: Prepare for decentralized power generation.
3. Energy Efficiency: Promote energy-saving practices among customers.
4. Regional Cooperation: Collaborate with neighboring DISCOs.
5. Regulatory Compliance: Align with Nigerian Electricity Regulatory Commission (NERC) standards.
 

Long-Term

1. Decentralized Distribution: Explore mini-grids and embedded generation.
2. Electric Vehicle Integration: Prepare for EV adoption and charging infrastructure.
3. Grid Modernization: Upgrade transmission and distribution infrastructure.
4. Innovation and R&D: Invest in new technologies.
5. Capacity Building: Develop local expertise in power distribution.
 

Regulatory and Policy Considerations

1.  Regulations: Engage with the Electricity Regulatory agency.
2. Government Policies: Align with Federal Government’s power sector reforms.
3. Environmental Considerations: Comply with environmental regulations.
4. Community Engagement: Foster positive relationships with host communities.
5. Investor Confidence: Ensure transparency and stability.
 

Financial Considerations

1. Investment Attractions: Access funding from local and international investors.
2. Cost Recovery: Ensure tariff stability and revenue assurance.
3. Risk Management: Mitigate operational, financial, and regulatory risks.
4. Public-Private Partnerships: Explore collaborative financing models.
5. Return on Investment: Optimize profitability.
 

Operational Efficiency

1. Outage Management: Minimize downtime and improve response times.
2. Maintenance Optimization: Implement predictive maintenance.
3. Supply Chain Management: Streamline procurement processes.
4. Workforce Development: Enhance staff skills and training.
5. Performance Monitoring: Track key performance indicators (KPIs).

sk.jpg

Short-Term

1. Increase Generation Capacity: Invest in new power plants to meet growing demand.
2. Diversify Energy Sources: Explore renewable energy (solar, wind, hydro) to reduce dependence on fossil fuels.
3. Improve Plant Efficiency: Upgrade existing infrastructure to increase capacity factor.
4. Reduce Gas Constraints: Develop strategies to ensure reliable gas supply.
5. Enhance Maintenance: Implement predictive maintenance to minimize downtime.
 

Medium-Term

1. Invest in Smart Grids: Leverage technology for efficient grid management.
2. Expand Renewable Energy: Achieve 36% renewable energy target by 2030.
3. Develop Energy Storage: Integrate energy storage solutions for stability.
4. Regional Cooperation: Participate in West African Power Pool (WAPP) initiatives.
5. Private Sector Participation: Encourage PPPs and IPPs.
 

Long-Term

1. Decentralized Power Generation: Explore mini-grids and embedded generation.
2. Electric Vehicle Integration: Prepare for EV adoption and charging infrastructure.
3. Grid Modernization: Upgrade transmission and distribution infrastructure.
4.  Research and Development: Invest in new technologies (e.g., hydrogen fuel cells).
5. Capacity Building: Develop local expertise in power generation and transmission.
 

Regulatory and Policy Considerations

1. Regulations: Engage with the  Electricity Regulatory Agency.
2. Government Policies: Align with  Government’s power sector reforms.
3. Environmental Considerations: Comply with environmental regulations.
4. Community Engagement: Foster positive relationships with host communities.
5. Investor Confidence: Ensure transparency and stability.
 

Financial Considerations

1. Investment Attractions: Access funding from local and international investors.
2. Cost Recovery: Ensure tariff stability and revenue assurance.
3. Risk Management: Mitigate operational, financial, and regulatory risks.
4. Public-Private Partnerships: Explore collaborative financing models.
5. Return on Investment: Optimize profitability.

rtyuio.jpg

Market and Competition

1. Market research: Identify emerging markets and trends.

2. Competitive analysis: Analyze competitors’ strengths and weaknesses.

3. Market positioning: Differentiate products and services.

4. Export expansion: Explore export opportunities.

5. Local content development: Increase local content in mining operations.


Operational Efficiency

1. Cost optimization: Reduce production costs.

2. Process automation: Automate manual processes.

3. Supply chain optimization: Streamline supply chain processes.

4. Energy efficiency: Invest in renewable energy sources.

5. Waste reduction: Implement waste reduction and recycling programs.


Regulatory Compliance

1. Mining Act compliance: Ensure compliance with Mining regulations.

2. Environmental regulations: Comply with environmental regulations.

3. Safety standards: Implement international safety standards.

4. Tax compliance: Ensure tax compliance.

5. Community engagement: Engage with host communities.


Digital Transformation

1. Digitalization of operations: Implement digital technologies.

2. Data analytics: Leverage data for informed decision-making.

3. Cybersecurity: Strengthen security measures.

4. Geographic Information System (GIS) adoption: Use GIS for resource mapping.

5. Automation: Automate mining processes.


Talent Management

1. Skills development: Invest in employee training.

2. Talent acquisition: Attract top talent.

3. Employee engagement: Enhance employee satisfaction.

4. Diversity and inclusion: Foster inclusive work environment.

5. Succession planning: Develop succession plans.


Partnerships and Collaborations

1. Local content partnerships: Partner with local suppliers.

2. Joint ventures: Form strategic partnerships.

3. Research and development (R&D) collaborations: Collaborate with universities.

4. Industry associations: Engage with industry associations.

5. Government partnerships: Collaborate with government agencies.

 

Solid Minerals-Specific Considerations

1. Mineral resource exploration: Invest in exploration activities.

2. Mining method optimization: Optimize mining methods.

3. Ore processing: Improve ore processing efficiency.

4. Environmental impact assessment: Conduct regular environmental impact assessments.

5. Community development: Invest in community development projects.


Key Performance Indicators (KPIs)

1. Revenue growth

2. Production volume

3. Customer satisfaction

4. Employee productivity

5. Return on Investment (ROI)


Best Practices

1. Conduct regular risk assessments

2. Engage with stakeholders (customers, suppliers, employees)

3. Invest in employee training and development

4. Implement robust risk management systems

5. Develop contingency plans for high-priority risks


By addressing these strategic issues, solid minerals companies in Africa can navigate the complex landscape and position themselves for success in 2025.


Manufacturing.jpg

Operational Efficiency

1. Cost optimization: Reduce production costs.

2. Process automation: Automate manual processes.

3. Supply chain optimization: Streamline supply chain processes.

4. Energy efficiency: Invest in renewable energy sources.

5. Waste reduction: Implement waste reduction and recycling programs.


Market Growth

1. Market research: Conduct market research to identify opportunities.

2. Product diversification: Develop new products for emerging markets.

3. Export expansion: Explore export opportunities.

4. E-commerce adoption: Leverage e-commerce platforms.

5. Brand building: Strengthen brand reputation.


Regulatory Compliance


1. The agency for Food and Drug Administration and Control guidelines: Ensure compliance.

2. Standards Organisation certification: Obtain certification.

3. Environmental regulations: Comply with environmental regulations.

4. Tax compliance: Ensure tax compliance.

5. Intellectual property protection: Protect intellectual property.


Digital Transformation

1. Digitalization of operations: Implement digital technologies.

2. Data analytics: Leverage data for informed decision-making.

3. Cybersecurity: Strengthen security measures.

4. Artificial intelligence (AI) adoption: Explore AI applications.

5. Internet of Things (IoT) adoption: Leverage IoT for efficiency.


Talent Management

1. Skills development: Invest in employee training.

2. Talent acquisition: Attract top talent.

3. Employee engagement: Enhance employee satisfaction.

4. Diversity and inclusion: Foster inclusive work environment.

5. Succession planning: Develop succession plans.


Partnerships and Collaborations

1. Local content partnerships: Partner with local suppliers.

2. Joint ventures: Form strategic partnerships.

3. Research and development (R&D) collaborations: Collaborate with universities.

4. Industry associations: Engage with industry associations.

5. Government partnerships: Collaborate with government agencies.


Key Performance Indicators (KPIs)

1. Revenue growth

2. Production volume

3. Customer satisfaction

4. Employee productivity

5. Return on Investment (ROI)


Best Practices

1. Conduct regular risk assessments

2. Engage with stakeholders (customers, suppliers, employees)

3. Invest in employee training and development

4. Implement robust risk management systems

5. Develop contingency plans for high-priority risks


By addressing these strategic issues, manufacturers in Africa can navigate the complex landscape and position themselves for success in 2025.


2.jpg
Here are key strategy issues for banks in Nigeria to consider as they plan for their 2025 business:
 

Digital Transformation

1. Digital banking adoption: Enhance online and mobile banking experiences.
2. Fintech partnerships: Collaborate with fintechs for innovative solutions.
3. Data analytics: Leverage data for informed decision-making.
4. Cybersecurity: Strengthen security measures against cyber threats.
5. Cloud adoption: Migrate to cloud-based infrastructure for scalability.
 

Regulatory Compliance

1. Central Bank guidelines: Ensure compliance with regulatory requirements.
2. Anti-Money Laundering (AML) and Know-Your-Customer (KYC): Enhance AML/KYC processes.
3. Financial Inclusion: Expand financial services to underserved populations.
4. Risk management: Strengthen risk management frameworks.
5. International Financial Reporting Standards (IFRS): Ensure compliance with IFRS.
 

Customer Experience

1. Customer segmentation: Tailor services to specific customer needs.
2. Omnichannel banking: Provide seamless experiences across channels.
3. Digital onboarding: Streamline customer onboarding processes.
4. Customer engagement: Enhance customer retention through personalized services.
5. Branch optimization: Right-size branch networks.
 
 

Financial Inclusion

1. Agency banking: Expand agent networks for financial inclusion.
2. Mobile money: Leverage mobile money for financial inclusion.
3. Microfinance: Offer microfinance services to underserved populations.
4. Digital lending: Develop digital lending platforms.
5. Financial literacy: Educate customers on financial literacy.
 

Competitive Strategy

1. Market positioning: Differentiate through innovative products and services.
2. Competition from fintechs: Respond to fintech disruption.
3. Partnerships and collaborations: Form strategic partnerships.
4. Talent acquisition and retention: Attract and retain top talent.
5. Brand reputation: Enhance brand reputation through corporate social responsibility.
 

Operational Efficiency

1. Cost optimization: Reduce operational costs.
2. Process automation: Automate manual processes.
3. Outsourcing: Leverage outsourcing for non-core functions.
4. Supply chain optimization: Streamline supply chain processes.
5. Employee productivity: Enhance employee productivity.
 

Risk Management

1. Credit risk management: Strengthen credit risk management.
2. Market risk management: Manage market risk exposure.
3. Operational risk management: Mitigate operational risks.
4. Liquidity risk management: Manage liquidity risks.
5. Reputation risk management: Protect brand reputation.

Best Practices

1. Conduct regular risk assessments
2. Engage with stakeholders (customers, regulators, employees)
3. Invest in employee training and development
4. Implement robust risk management systems
5. Develop contingency plans for high-priority risks
 

Key Performance Indicators (KPIs)

1. Customer acquisition and retention
2. Digital banking adoption
3. Revenue growth
4. Cost-to-income ratio
5. Return on Equity (ROE)

Find us

35, Glover Road, Ikoyi, Lagos Nigeria.
info@hpierson.com
+234-8111661212 (WhatsApp)