- Business Lessons from Anthony Joshua Loss
A lot will be said about Anthony Joshua first ever lost but our focus at Investors King is to breakdown factors that led to such an upset considering its odds and what could be done to avert similar fate as business people.
Focus on What Matters
Leading up to the fight, Anthony Joshua focus was on Denotay Wilder, the WBC champion of the world.
Despite Andy Ruiz been a last minute replacement for Big Baby Miller who got banned for testing positive to three different substances. Joshua continued to focus on a possible fight with Wilder, the American Champion.
It was last minute that Eddie Hearn, Anthony Joshua’s promoter, started saying Anthony Joshua needs to focus on Andy Ruiz Jr who was determined to be the very first Mexico’s heavyweight champion of the world.
Hearn knows Anthony Joshua had to abandon his previous training strategy and find a way to learn and adjust to Andy Ruiz style within just about three weeks. While Andy Ruiz Jr just came off a solid win against German Alexander Dimitrenko who shares similar attributes with Anthony Joshua.
In business, it is important to focus on the present and effectively masters its mechanics and execute your strategy precisely while hoping you would have done enough to earn a solid future. It is pointless to prepare for a future you may never have. Now is your moment, give it your all!.
It is pointless to prepare for a future you may never have. Now is your moment, give it your all!.
A Good Strategy is Nothing Without A Good Execution
Anthony Joshua, his team and promotion company has a perfect strategy to break into the American market and enhance their earnings after conquering Europe. What they never anticipated was the depth of the American market in terms of competition and execution.
What they never anticipated was the depth of the American market in terms of competition and execution.
In heavyweight boxing, the smaller guys can adapt to the bigger guys easily but the bigger guys like Anthony Joshua struggle with the smaller guys as seen against Povetkin, Joseph Parker, Dillian Whyte, Carlos Tekam, etc.
Andy Ruiz Jr and his trainer knew he was coming off a good win with someone just as big as Anthony Joshua, meaning he has 10 weeks of successful training camp and a trainer that has lost to Anthony Joshua in previous fight against Dominic Breazeale, hence, they understand how to handle his perceived edge, developed a strategy to negate it and perfectly executed it.
They studied every piece of the ‘Anthony Joshua puzzle’ and magnified every little thing Anthony Joshua and his team overlooked.
Therefore, a good strategy is just as good as its execution. A perfect example is the recently listed Jumia shares on the New York Stock Exchange, good strategy but poor execution.
A good strategy is just as good as its execution.
We All Lose at Some Point
You are not always going to have it your way, so don’t be rattled by your loss. Focus on your mistakes, make adjustments and celebrate your wins no matter how little.
Anthony Joshua may have failed to break the American market with a win but he has won the market with a lost, media won’t rest throughout next week. Even if it is negative news, he has a chance to convince them in the rematch it was just a ‘bad day in the office’.
Therefore, he can focus on the negative noise and allow it to break him or just forge ahead, knowing the rematch will now be bigger than the first fight.
Lafarge Africa Board Proposes N30.60bn Dividend, Lower Than Previous Year
Lafarge Africa’s Board of Directors has recommended a dividend payout of N30.60 billion for the year ended December 2023, a reduction from the previous year’s dividend.
The proposed dividend translates to N1.90 per unit of shares and awaits approval from shareholders at the upcoming Annual General Meeting (AGM) of the company.
In a corporate announcement filed with the Nigerian Exchange Limited, Lafarge Africa disclosed that the proposed dividend is payable from the Pioneer Reserve to shareholders registered as of March 28, 2024.
Despite the lower dividend proposal, Lafarge Africa recorded an increase in revenue to N405 billion, marking an 8.6% rise from the previous year’s N373 billion.
However, the company’s post-tax profit experienced a 4.7% decline, amounting to N51.14 billion, attributed mainly to the devaluation of the naira.
Lolu Alade-Akinyemi, the Chief Executive Officer of Lafarge Africa, expressed confidence in the company’s performance despite economic challenges.
He highlighted the growth in revenue and an improved operating margin, despite pressures from inflation and currency devaluation.
Looking forward, Lafarge Africa remains optimistic about the construction sector’s growth in Nigeria, despite prevailing economic challenges.
The company aims to leverage its market opportunities while maintaining a focus on sustainability and stakeholder value.
South African Billionaire Christo Wiese Predicts Return of Major Players to Nigeria Despite Recent Exodus
South African billionaire Christo Wiese remains optimistic about Nigeria’s economic prospects, predicting the eventual return of major players despite a recent exodus from the West African nation.
In an interview with Bloomberg TV, Wiese explained that it is impossible to ignore Nigeria’s large and growing population, “how do you ignore an economy like this?”
Wiese, the former chairman of Shoprite Holdings Ltd., acknowledges the challenges faced by businesses in Nigeria, where recent currency woes and policy missteps have contributed to an exodus of international companies.
Procter & Gamble Co. and Shoprite are among the global conglomerates that have announced their departure from Africa’s most populous nation.
However, Wiese sees the recent exits as temporary setbacks rather than a long-term trend. He believes that the allure of Nigeria’s vast consumer market and its economic potential will eventually draw major players back.
Despite the current uncertainty, Wiese remains confident in Nigeria’s future, emphasizing the need for governments to adopt correct policies and for investors to exercise patience.
While acknowledging Nigeria’s single-commodity economy vulnerabilities, Wiese highlights the resilience of the nation’s economy and its potential for growth and development.
He suggests that foreign investors, including South African ones, are adopting a wait-and-see approach, anticipating a time when the economy stabilizes and favorable policies are in place.
Seplat Energy Names Udoma Udo Udoma as Independent Non-Executive Chairman, Bello Rabiu as Senior Independent Non-Executive Director
Seplat Energy, a prominent Nigerian energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has made significant changes to its board leadership.
In a recent announcement, the company revealed that Udoma Udo Udoma has been appointed as the new Independent Non-Executive Chairman, succeeding Basil Omiyi, who is set to retire on March 31, 2024.
Udoma Udo Udoma, a distinguished lawyer and seasoned board administrator, brings a wealth of experience to Seplat Energy.
He holds degrees from St. Catherine’s College, Oxford, and has had a remarkable career spanning various sectors, including petroleum, energy, and natural resources.
Udoma has served on numerous large-sized company boards, including UAC Nigeria Plc and Union Bank Plc, and held key public sector appointments, such as Chairman of the Corporate Affairs Commission and Minister of Budget & National Planning.
In addition to Udoma’s appointment, Seplat Energy announced the selection of Bello Rabiu as the new Senior Independent Non-Executive Director, effective April 1, 2024.
Rabiu, a seasoned professional with extensive experience in the petroleum industry, holds multiple degrees and has served in various capacities at the Nigerian National Petroleum Corporation (NNPC).
The appointments come as part of Seplat Energy’s commitment to upholding strong corporate governance practices and ensuring a smooth transition of leadership.
Both Udoma Udo Udoma and Bello Rabiu are expected to play pivotal roles in guiding Seplat Energy as it continues to expand its operations and consolidate its position as a leading energy company in Nigeria and beyond.
In a statement, Basil Omiyi, the outgoing Chairman of Seplat Energy, expressed confidence in the newly appointed leaders, emphasizing their capabilities to steer the company towards further growth and success.
The appointments underscore Seplat Energy’s dedication to fostering excellence and innovation in the energy sector while meeting the evolving needs of its stakeholders and contributing to Nigeria’s energy transition efforts.
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