- 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.
IATA Says Nigerian Airlines Loses $2.09bn in April and June
Airlines in Nigeria Loses $2.09 Billion in April and June
The International Air Transport Association (IATA) has estimated that Nigerian airlines lost about $2.09 billion in the month of April and June due to COVID-19 lockdown.
In its report titled ‘Quarantine measures threaten aviation restart in Africa and the Middle East,’ IATA stated that the aviation sector in Africa and the Middle East was the worst-hit.
According to the report, the aviation sector in the two regions provides over 8.6 million direct and indirect jobs.
While the report did not provide data for the month of May, it stated that the number of Nigerian passengers declined by 4.7 million in April and 5.32 million in June when compared with the same period of 2019.
Similarly, the report said 125,400 jobs were at risk in April and 139,500 jobs were at risk in the month of June.
Muhammad Albakri, the Regional Vice President for Africa and the Middle East, IATA, said governments in Africa and the Middle East must devise alternative methods to the current quarantine measures in place, saying the two regions have the highest number of government-imposed quarantine measures on arriving passengers.
He said, “It is critical that AME governments implement alternatives to quarantine measures. AME has the highest number of countries in the world with government-imposed quarantine measures on arriving passengers.
“The region is effectively in complete lockdown with the travel and tourism sector shuttered. This is detrimental in a region where 8.6 million people depend on aviation for their livelihoods.”
Oando Partners Oilserv to Build Ajaokuta-Kaduna Portion of AKK Project
Oando, Oilserv to Construct Ajaokuta-Kaduna Portion of AKK Project
Oando Plc has partnered Oilserve Limited to construct a 303.4km linear pipeline system for the Ajaokuta to Kaduna portion of the $2.8 billion, 40 inch by 614km Ajaokuta-Kaduna-Kano Gas Pipeline Project, the AKK Pipeline.
According to a statement released by Oando through the Nigerian Stock Exchange, the construction of the AKK Pipeline Project approved in 2018 has commenced on Tuesday, June 30, 2020.
The statement reads “Oando PLC (referred to as “Oando” or the “the Company”), is pleased to announce to the Company’s attendance as a consortium partner at the flag-off ceremony for the construction of the $2.8billion, 40 inch by 614km Ajaokuta-Kaduna-Kano Gas Pipeline Project (the “AKK Pipeline”), by the President of the Federal Republic of Nigeria, Muhammadu Buhari GCFR on Tuesday, June 30, 2020.
“The AKK Pipeline Project, championed by two consortia comprising select indigenous and international companies commenced in 2013 with the announcement for tenders by the Nigerian National Petroleum Corporation (NNPC). In April 2018, the Company announced that following an extensive due diligence and bid process, the Oilserv-Oando PLC consortium was awarded the Engineering, Procurement, and Construction (EPC) mandate for segment 1, accounting for 40” by 303.4km linear pipeline system for the Ajaokuta to Kaduna portion of the AKK Pipeline Project by the NNPC.”
Speaking on the project, Jubril Adewale Tinubu, the Group Chief Executive, Oando PLC, said: “As a proudly Nigerian company, focused on driving indigenous participation we have always been proponents of public private partnership in accelerating the actualization of the nation’s goals.
“We have aspired to play an integral role in the building out of the National Gas Infrastructure and Pipeline Grid, as evidenced by our efforts in 2009, post the Nigerian Gas Masterplan when we participated in the unrealized Calabar- Ajaokuta- Abuja-Kano (CAAK) line.
“We have developed strategic partnerships with both private sector players and the NNPC in bringing sustainable solutions to spur the development of the country via our numerous gas development and distribution projects. We commend the NNPC for spearheading projects that will soften the headwinds occasioned by the global COVID-19 pandemic.
“We are proud to be active participants in driving the country’s industrialization and actualization of the Gas Master Plan which will undoubtedly create employment opportunities and ultimately generate as well as enhance value for the nation.”
Ethiopian Airlines Sustain Profitability Despite COVID-19
Despite COVID-19, Ethiopian Airlines Stay Afloat
Africa’s largest airline, Ethiopian Airlines, manages to stay afloat during the peak of COVID-19 pandemic, Tewolde Gebre-Mariam, the airline CEO, stated.
The Chief Executive Officer said “We may not be as profitable as we expected but we registered some profit. The first half of the year was good and the cargo business has also done very well.”
While the airline is expected to be down by almost $1 billion in ticket sales in the current year ending July 7, it generated enough revenue from the transportation of goods to finance monthly fixed payments between $120 million to $150 million for loans, aircraft leases, salaries and rentals.
According to Gebre-Mariam, the airline is still flying about 40 charter repatriations per week despite other flights completely grounded.
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