New 5-year growth strategy, new Core Values for Odu’a Investment
Aderemi Ojekunle is a Businessamlive Reporter.
you can contact hin on aderemi.ojekunle@businessamlive.com with stories and commentary.
Building blocks for achieving 5-year plan are based on the strategic pillars of growth and expansion; Investment Excellence; Profitability and Efficiency; Governance and Reporting as well as People, Culture and Transformation.
To focus on priority sectors, namely Real Estates, Energy including Oil and Gas, Hospitality, Agriculture, Logistics and Storage, Healthcare, ICT/Digital and Financial Services.
Innovation mindset to underpin activities of group.
To ‘sweat’ the Group’s portfolio of assets to achieve an acceptable return on assets, reducing operating recurring cost significantly, ensure effective governance framework, oversight on the group and subsidiaries and also institute culture transformation initiatives to drive operational excellence.
Revised the Group’s Vision, Mission Statement and Core Values to fit into the current restructuring and repositioning drive of the company as “to be a world-class conglomerate” and crafted a new Mission Statement: “To deliver sustainable returns for all stakeholders; enhancing the legacy for future generations”.
New Core Values of Respect; Integrity; Resilience; Innovation and Collaboration (R.I.R.I.C) adopted.
“It was defined that core to achieving the aims and objectives of retreat outcomes will be active engagement of the Group’s employees to ensure staff understanding and buy-in into the new Vision, Mission Statement and Core Values to have a highly motivated workforce and enthrone a meritocratic culture to deliver on the organization’s goals and objectives.
Chairman Segun Aina, identified quick wins to be completion of a Corporate Governance reform in line with global best practice, recruitment of two executive directors and the appointment of two independent non-executive directors, and recruiting top individuals in the management level.