Business
Regional Head Proffers Solution To Post- COVID-19 Business Growth
The Chairman, South-South and South-East Region, Institute of Directors (IoD), Nigeria, Mr Barizaage Adoage Norteh, has expressed the need to act decisively in order to tackle the challenges confronting businesses in post-COVID-19 era.
Norteh made the call recently at the Business Luncheon Forum-2022, titled “Driving Sustainable Business In The South-South And South-East Regions: Issues, Challenges And Solutions”, organised by IoD in Port Harcourt.
He noted that as businesses move to the next phase, “time has now come for business operators to seek out and seize the emerging opportunities in recovery”.
This, according to him, will involve conducting what he described as an ‘after-action review’, to collect data and insights on lessons learned from the pandemic.
He explained that such will prioritise actions that will enhance business value now, and also build a strategic resilience in the future.
“Businesses that take steps now will be well-placed to capitalise more effectively on the opportunities arising from post-COVID-19 recovery, and to continue winning their market place as greater certainty and stability return”, he said.
He listed some of what he tagged as external drivers for sustainable business to include, national governments, regulation, society pressure, and stakeholders’ expectations.
The South-South, and South-East regions chairman also mentioned sustainability reports, license to operate, access to natural resources, and reputation as the connecting drivers in the system.
Also speaking, the Royal Father of The Day, the Eze Oha Evo III, King Leslie Eke, called on both companies and business operators to revisit the issue of Corporate Social Responsibility (CSR), and do the needful.
By: King Onunwor