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Written By: Dr Leesi Gborogbosi, ,
Business leaders are aware that the impacts of information technology and global communication appeared to have shrunk the world into one homogeneous global village. It is now possible for more people to collaborate and compete in real-time with more people from all parts of the world.
Multinational companies appear not disadvantaged when competing with local firms in the local market environments. The flattening of the world is being attributed to such factors as the new age of creativity, the new age of connectivity, harnessing the power of communities, outsourcing and offshoring.
However, business leaders need to recognise that in global business operations, distance still matters.
In diversifying into new global markets, it is important for firms to continue to consider a country’s wealth and GDP size however greater consideration should be given to the impacts of distance. Business leaders should note that distance creates additional costs and risks of doing business in a new market which can dramatically affect the assessment of the attractiveness of foreign markets.
For instance, the farther a firm’s main operation is from a target country, the harder it will be to conduct business in that country. The distance can create environmental instability for multinational companies.
Organizations that attempt to adapt to different environmental outcomes arising from a global expansion will spend most of their time adjusting structure and very little in organization actions. Interestingly it can be seen that environmental uncertainty tend to favour specialists firms than generalists firms. Business leaders need to consider distance (environment variability) in their decision for global diversification and also should develop more local content (specialist focus).
In order words, as business leaders are focusing on environmental outcomes within common ecology, they should also be concerned with how distances between ecologies impact the firm’s performance.
Multinational companies should seriously consider the impact of distance on their diversification strategy when venturing into foreign markets. This homogeneous global village perspective of the performance of multinational companies in global markets can be said to lack strategic importance if the factors of distance are excluded.
Thus multinational companies must move away from the risky assumption that distance does not matter. Interesting, though Asia may be perceived to be close by connectivity, it is still far as the distance factors of culture, administrative barriers, geographical separation and economic constraints do pose serious costs and risks impacts on the performance of multinational companies doing business with Asia.
Interested investors, financiers and field developers should contact me: +2347034604152 (Also WhatsApp) Or leesi.gborogbosi@gmail.com Or info@gabrieldomale.com
My LinkedIn profile: https://www.linkedin.com/in/leesi-gborogbosi
A key strategic focus for Gabriel Domale Consulting is to develop the capacity of banks, oil firms, Contractors, and investors in the oil and gas industry to deliver projects timely and within costs. Gabriel Domale Consulting work with the bank’s oil and energy team and training school to provide consulting services and conduct training programs.
We deliver consulting services to banks in the following key areas: (1) Training: Conduct training and transfer our deep knowledge and insights of the oil and gas industry to banks’ oil and energy teams, and (2) Consulting services: Work with oil and energy teams to enable them effectively review and make the right decisions on transactions coming from the oil and gas industry.
The training sessions and knowledge sharing will be led by our CEO, Dr Leesi Gborogbosi, an expert in finance, strategy, corporate governance, transformation, due diligence, cost reduction and contract management.
This training can be provided as in-house training sessions or presented at your training school. Our training will help to develop the capacity of member key industry players to understand the dynamics of project execution, contract management, and externalities.
We help Finance and Business Leaders optimize performance and to make critical decisions through financial excellence in budgeting, cost reduction, finance transformation, finance and accounting operations, financial analysis, finance systems and SAP, governance, risk, and compliance
Also, we work with Business and Finance Leaders to identify growth opportunities and create value through operational excellence in strategy implementation and capital efficiency by delivering projects within costs, building strategy and planning frameworks, forecasting, and developing innovative funding solutions.
The growth of our firm is hinged on the strategic perspective of growing a strong relationship with our clients and working with them to achieve competitive advantage and viable market growth.
We have a team of experienced Managers from Shell (ex-staff) with competences in finance, contracting, business planning, strategy, project management, knowledge management, risk management, and engineering.
Dr Leesi Gborogbosi
Dr Leesi Gborogbosi is the CEO of Gabriel Domale Consulting, a management consulting firm based in Nigeria, that helps companies in Africa to grow, provides insights to leaders and transforms institutions.
He has about three decades of leadership experience in the oil and gas industry (Shell Nigeria). He is an expert in finance, strategy, corporate governance, transformation, cost management, leadership development and due diligence.
Dr Leesi Gborogbosi was Project Finance Manager of Upstream Oil & Gas Projects (7 projects - Headline size: $8 bln) - Southern Swamp Associated Gas System, Forcados Yokri Integrated Project, Otumara, Adibawa, Agbada and Assa North/Ohaji South Projects.
He provided advisory services namely, strategic planning, budget management, funding strategy, risk management, governance, due diligence and investment plan covering the full life cycle of the seven major upstream oil/gas projects, power facilities and export pipelines.
He collaboratively works with business leaders and their organizations to identify growth opportunities and create value through operational excellence in strategy implementation and capital efficiency by delivering projects within costs, building strategy and planning frameworks and crafting innovative funding solutions.
Dr Leesi Gborogbosi provides support to finance leaders to make crucial decisions and optimize performance through financial excellence in finance systems and accounting operations, budgeting, finance transformation, cost reduction, governance, risk, and compliance.
He has doctoral degrees in strategy and business studies and MSc (Research Methodology in Management) from IE Business School, Madrid and an MBA (Finance and Banking) from the University of Port Harcourt, Nigeria; and BSc (Accountancy) from the University of Nigeria, Nsukka. He had his secondary education at Federal Government College, Jos, Nigeria.
His doctoral dissertation focuses on strategy implementation, collaboration, the role of middle managers, and the dynamics of social movements (host communities).
Dr Leesi Gborogbosi leverages his professional experience as a Certified Management Consultant (CMC); Fellow, Institute of Chartered Accountants of Nigeria; and The Institute of Management Consultants. He is a member of the Chartered Institute of Procurement & Supply, London; Nigerian Institute of Management (Chartered); and Strategic Management Society, Chicago, United States.
He was nominated by the Strategic Management Society, Chicago for the "Best International Conference Paper Prize Awards" in 2017 and 2015. He was appointed the Chair for the Session on “Leading change implementation processes” at the Strategic Management Society conference in Denver, United States in 2015.
Dr Leesi was a member of the Strategic Management Society “Special Committee on Diversity and Inclusion”, Chicago, USA, with the responsibility of providing the Strategic Management Society Board of Directors with a good audit of where the Strategic Management Society stands with respect to inclusiveness in its activities.
GABRIEL DOMALE CONSULTING | NIGERIA | +2347034604152 | Email Us Now | Visit Our Website
About us: Gabriel Domale Consulting, a leading management consulting firm, helps companies in Africa to grow, provides insights to leaders and transforms institutions. Our consultants utilize their decades of hands-on experience to provide advisory in finance, strategy, corporate governance, transformation and leadership training to help companies and public institutions to transform their operations. We encourage leaders seeking insights to visit our BLOG here and also Request For Proposal (RFP) for our consulting services here
Published origninally on 15th Feb 2020 23:33:25
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