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Business heads attend strategic leadership seminar

Teboho Molapo

MASERU – The Lesotho Institute of Accountants (LIA) this week hosted a three-day strategic leadership seminar aimed at equipping participants with requisite skills to lead their organisations.
The seminar, which started on Wednesday and ended on Friday, was attended by representatives from the Lesotho Electricity Authority, Central Bank of Lesotho, Metropolitan, Lesotho Revenue Authority, Maluti Brewery and Lerotholi Polytechnic College.
The event was run by LIA in partnership with Mudzi Business Consulting, a South African company based in Pretoria.
Seminar facilitator, Patience Magwenzi told the Sunday Express on Thursday that the aim of the course was to provide leaders with vision and direction to effectively lead their organisations.
She hoped the seminar would initiate “outside-the-box” thinking for companies to generate future growth.
“We are looking at strategic leadership within the organisation, leaders’ ability to lead their organisations and also to lead themselves individually,” Magwenzi said.
She said the seminar came to Lesotho at the right time when the country was looking forward to having innovative institutions able to create employment.
The recent worldwide recession had negatively affected many economies including that of Lesotho.
The consequences had been a rise in unemployment and social unrest.
“We are also looking at the value of innovation in leadership and how the participants can cultivate innovate cultures in their institutions and organisations,” Magwenzi said.
“People cannot run businesses without innovation in leadership and understanding their economy,” she said.
“If you look at each individual country the economic environment is different but we are all affected by the global world.”
Magwenzi added. “We are looking at the understanding of changes that happen in the economy and how leaders can manage and anticipate these changes.
“Change is always happening, it is important during these times of economic challenges to be forward looking.”
Entrepreneurship skills were also crucial.
“There is need for entrepreneurship in Lesotho and “intra-preneurship” as well. Intra being the ability by leaders to start business in their departments, to run their departments like a business,” Magwenzi said.
“Lesotho like any other country needs thriving business entrepreneurship to boost the economy,” she noted.
She said Mudzi Business Consulting was taking the leadership seminar initiative to Mozambique next month, and then Angola as part of a tour of the Southern African region.

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