The Executive Director of Omnic Bscic Bank, Dr. Philip Oti Mensah has attributed the collapse of some seven banks in the country to the poor and lack of research by organizations.
According to him, it is high time organizations applied data analysis and research in their decision making in order to make difference.
He made these remarks at the 5th graduation ceremony held at the Nobel International Business School (NIBS) in Accra last Saturday.
"Dear graduands, as you leave here today, let your Doctorate degree count in your decision making," he advised.
The Vice Rector of Ghana Institute of Management and Public Administration (GIMPA), Professor Martin Morgan Tuuli urged graduands of doctoral programmes to add their quota to the development of the nation and the world at large.
According to him, the 67 graduates of Doctor of Business Administration, Doctor of Business Leadership and PhD in Business Administration must be problem solvers.
Professor Morgan Tuuli advised them to think outside the box in finding solutions in the corporate world.
“Use the tools and skills you have acquired to pursue a life of significance to benefit mankind. My advice to you, therefore, is that continue to think outside the box and pursue innovation in solving life’s problems.
"You have been prepared enough to build businesses that will create jobs and wealth. There are enough problems in the world from climate change, housing, poverty, technology, just to mention a few to occupy you in finding innovative solutions to transform organisations and society.
"Choose your grant challenge and dedicate yourself to it and a life of service to mankind,” he emphasised.
Professor Martin Morgan Tuuli added that the graduands must continue to learn despite attaining this great feat.
“But I want you to understand that the education you have received is not necessarily enough or the end and you need to continue to develop your personal, professional and practical capacity to learn and unlearn, innovate, adapt and reinvent yourselves constantly as much as possible in an ever evolving world.
"Be creative, show dynamism, question things, don’t take no for an answer, and most importantly, be your own worst critic. Never settle for “just enough”, always push yourself to do more. As you may have discovered in the course of your PhD studies, mistakes are proof that you are trying. Don’t be afraid to make them. And when you get tired, don’t stop, stop when you are done! You must therefore be life-long learners where the real world is your research site or case study," he admonishes.
Director of Finance at the National Petroleum Authority (NPA), Dr. Daniel Addo who was the guest speaker for the graduation ceremony lauded NIBS for ensuring that the differences in doctoral programmes are made known.
“Today we have seen that NIBS is enrolling all the doctoral programmes. Doctoral pragrammes comes in different forms. In 1960 Doctor of Business Administration DBA became the defector business doctorate at Harvard, Today many reputable research institutions are offering both terminal degrees but it appears to me that NIBS is making DBA more popular,” he stated.