THE UNITY BANK DIGEST – OCTOBER 11, 2019

Dear Subscriber,

Culture eats strategy for breakfast ~ Michael Porter

Have you ever listened to “Etiquette with Janet” on the radio? This is one of the most popular radio programs in Lagos. The program gives strategic tips on protocol, etiquette, image, leadership and executive presence.

Do you have good office etiquette? The way you present yourself to others in the business world sets the tone for how others view you. While good manners may seem ideal, chances are that you may not realize that you are crossing the line in some instances. So, always consider the corporate culture and values, culture they say is the most difficult part of strategy to overcome in a corporate takeover.

According to the icon of strategy, Michael Porter, “the success of a strategy depends on doing many things well – not just a few – and integrating among them”

The Lifestyle section of this Digest provides more tips on workplace protocols you should never ignore.

He that goes a borrowing goes a sorrowing ~ Benjamin Franklin

Did you receive a text from your bank requesting that you take a loan? Well get used to these kind of messages as the CBN pushes banks to increase lending to the real sector. More so, there is heightened pressure on banks to comply with the new LDR of 65%, following the recent debit of N499 billion on 12 non-complying banks.

While the new initiative is laudable, it is important to remember the words of Benjamin Franklin that says, “He that goes a borrowing goes a sorrowing”.

This issue contains an analysis of recent economic and social developments such as the proposed 2020 budget, IMF’s visit to Nigeria, and an update on Brent oil prices. Also, look out for social news such as the Emmy Awards and the Forbes highest paid rappers in 2019.

It promises to be an informative and entertaining read.

Enjoy!