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08.01.2005 Business & Finance

Business people require strategic management skills

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Ho, Jan 08, GNA - A management consultant says top operators in the public and private sectors of the economy require strategic administrative skills and professional acumen. This will enable them to "formulate powerful and diagnostic corporate strategies" to meet growing competition and rising expectations.
Dr O.T. Feyi-Sobanjo, National Executive Secretary of the Chartered Institute of Administration and Management Consultants (CIAMC), Ghana, said this in an address at Ho on Saturday as part of the nationwide orientation session of the 2005 Post-Experience Qualifying Diploma (PEQD) and Pre-PEQD programmes.
He said the challenges of the period demanded "senior executives must have the ability to leverage resources across individual business units and across traditional business boundaries." Dr Feyi-Sobanjo said mounting pressures from capital markets, consumers, directors, shareholders and voting masses represent the practical challenges facing governments and business leaders throughout the world.
Regarding the PEQD, he said, it was designed to update, sharpen, enhance, and refine the strategic intellectual and professional capabilities and framework of practising professionals and top organisational functionaries of the economy.
Dr Feyi-Sobanjo said the programme was fashioned to provide strategic management tools to address management challenges posed by disruptive change and increasing complex situations through in-depth case studies and integrated and action oriented workshops.
He said this is being done bearing in mind the global competition for greater organisational and managerial effectiveness, the demand for quality goods and services in both profit and non-profit making organisations and the pressures for speed, lower cost and higher productivity.

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