Skip to main content

UBA BANK CHAIRMAN TONY ELUMELU'S FIVE TIPS FOR MANAGERIAL SUCCESS.

It is no longer news that Tony Elumelu former CEO standard trust Bank and the current chairman UBA Bank acquired and turned Standard Trust Bank into a top-five player in the banking industry at age 34.In 2005 he led the acquisition of United Bank for Africa, (UBA), later transforming it from a single bank to a pan-African institution with more than seven million customers in no fewer than 21 countries, including New-York, Paris and London.
He went on to start the Heirs Holdings and the Tony Elumelu Foundation in 2010.  Heirs Holdings and its investee companies has over 30,000 employees across the globe.He is one of the most successful businessmen in Africa and an icon of entrepreneurship.

Here are his Top Five Tips for Managerial Success:

☀Over affiliation at work can breed negative attitudes. While friendly relationships at work should be encouraged, clannish mindsets and “cliques” should be dissuaded.Such exclusionary behaviors breed tension and rivalry within the organisation.Staff should be professional at all times, avoiding office gossip and unfounded bias.

☀Great leaders don’t compete with their staff. When an organization recognizes someone who works under you, you must understand that the first recognition goes to you, even if unsaid. Groom, not compete, with those who work under you. You should see them as mentees, not rivals.I’ve often heard that some new managers refuse to train others or share important skills/knowledge for fear of being replaced.As a new manager,you must resist such insecurity and instead learn to share as when your team members shine, you shine even brighter.

☀As managers, you are no longer the sole-contributor. The responsibility of a manager is to delegate effectively.You are no longer a lone-ranger, you are now a team builder and your mindset must evolve. However,I always tell people who work for me to delegate and not abdicate – there is a distinct difference. Even though you delegate tasks, you must understand that you remain fully accountable for the team.

☀Make use of the information overload of the 21st century, be curious – read, learn and grow. Information has never been more accessible than it is now.In this age of advanced accessibility to quality information,if you remain uninformed, you are doing yourself a huge disservice by being lazy.As young professionals, you must do better for yourself and your future.Take advantage of all the information out there and keep developing yourself.

☀Don’t be a weak leader.Some leaders are so afraid of confrontation that they give dishonest feedback in order to be perceived as “likeable”.Such weak leaders help neither their subordinates nor the organizations.Institutions that fail are often beleaguered by such managers. I tell those who work with me to be assertive and direct with feedback. Feedback should be given in a clear manner that is solution-driven and not personal.You should work with your team members to deepen their strengths and improve on their challenges.What you should not do is hide your concerns and give inaccurate feedback.

Popular posts from this blog

Kim kardashian west confirms third baby news.

In a trailer for season 14 of "keeping up with the Kardashian," Kim Kardashian West appears to confirm the rumors from earlier this year that she and husband Kanye West are having a third baby.The 60-second clip, which Kardashian West shared on Twitter, features her speaking with sister Kloe Kardashian and then teasing, "What happens every time I say, 'Guess what?'"Khloe Kardashian,33,says it means someone is having a kid."We're having a baby!" Kardashian West then answers.The reality star and businesswoman,36,did not say how they are having the baby or if they are using a surrogate as other outlets reported earlier this summer.E! News,the network that hosts the family's show, also published the baby announcement.This would be the third child for the Wests, who are already parents to daughter North West and son Saint West.Kim isn't the only Kardashian who has been in the media lately regarding an expected baby. Last week, reports surfa…

Gov Godwin Obaseki signs revised 2017 budget into law.

"Edo State Governor Mr.Godwin Obaseki has signed the 2017 budget revised down to 127 billion naira from its previous 150.6 billion into law.The governor said he feels a sense of accomplishment in signing the revised budget into law because with ten months into the fiscal year,a lot has been achieved in infrastructural development of the state.Explaining reason behind revision of the budget,Governor Obaseki emphasized it was to ensure transparency and credibility while being realistic as a government.“It has been a difficult year especially as revenue has not met expectation but this government is doing everything to provide the best service and fulfill its electioneering promises made to the people of Edo State.“We also created additional ministries such as Ministry of Science and Technology and did not want to vire expenditures from one sub head to another,rather we believed in doing things properly”.Speaking further,Obaseki said the revised budget also become necessary because …

Nigerian virrgin singer, Adokiye says she is ready to auction her virginity or lose it.

Adokiye ngozi kyrian yvonne aka Adokiye often talk about how she was able to keep her virginity till her adulthood and she is determined on remaining a virgin until marriage. Recently, her made global headlines after she offered her virginity to islamic militant sec, boko haram, in return for the over 200 abducted chibok school girls, but in an interview with new telegram, the tombolo crooner says she's ready to auction it. Below is an excerpt from the interview>>
Q; if you get the offer, would you auction you virginity for a million US dollar?
A; my brother, I no fit lie to you, if this economy situation continues, well, I would be left with no choice but to do so.
Q; which Nigerian male celebrity are you crushing on that you'd allow to de flower you and why?
A; I love davido, I think he has a good heart and I 'm guessing a lot of people don't know that he's very nic and soft hearted.
Q; why did you decide to offer your virginity to boko haram in exchange fo…