The Nation Newspaper

Tag: LBS

  • LBS grooms seven talents for faculty slots

    Seven of the 45 candidates selected for the Young Talent Programme (YTP) of the Lagos Business School (LBS) last year, are undergoing training at the school’s faculties.

    Six of the young scholars are honing their research skills and being mentored in the school’s Management Scholarship Academy (MSA), while one is a doctoral student.

    Dr Uchenna Uzo, leader of  the YTP, said the initiative, which started last year, is expected to produce scholars who can fit into LBS and elsewhere.

    “Since the last YTP, efforts have been made to engage participants and mentor them towards making the right career choices.  We are hoping that as more participants graduate from the university, we will find new ones, who can take up management roles not only in LBS, but in institutions that partner with us,” he said.

    On their part, the YTP candidates have described working at the LBS as a good experience.

    Jude Adigwe, a research assistant, said the talent programme set the stage for the position he currently occupies in the School.

    “I have always wanted to be an academic in an environment where I’ll be positively challenged. LBS is the right place for me to get started. In the last few months, I’ve assessed myself and know I have improved academically,” he said.

    Another trainee, Christian Reuben, said: “I think the YTP is a well-thought-out general introduction to LBS and what to expect as a member of staff. Being on the MSA, which has gone impressively well so far, prepares me for my aspiration as a doctoral candidate in the near future.”

    The second edition of the YTP is scheduled for July 31 and Uzo encouraged young scholars, even those who were unsuccessful last year to apply.

  • LBS alumni lifts school

    LBS alumni lifts school

    The era of four or five pupils   sitting on a three-seater bench with only half of their buttocks has ended at Lekki Community High School, Lekki, thanks to the 150 desks and chairs donation  by the alumni of the Lagos Business School (LBS) Advanced Management Programme (AMP) last week.

    The Set 26 of the AMP also provided 10 sets of teachers’ furniture, all of which are worth over N3 million to the school.

    The 41-member set embarked on the project after graduating last year to give back to the society. The school has the Onilekki of Lekki, Oba Liasim Olumuyiwa Ogunbekun, to thank for being the first beneficiary of the AMP 26 largesse because it was he  who nominated the school when he got wind of the set discussing likely projects to implement.

    The President of the group, Mr Abidemi Sonoiki, said the group formed their charity on November 22, last year during their first reunion.  The committee, saddled with  the project, raised the funds within two months.

    Represented by the Vice President, Mrs Funmi Omo, Sonoiki said the AMP26 Charity Project has adopted the school and would meet other needs as well.

    He said: “Sequel to the rigorous needs assessment carried out to ascertain areas where help is most needed in the school, chairs and tables for both students and teachers, ICT room, library, science laboratory, completion of the school hall with a capacity for 200 students, home economic laboratory were discovered to be most needed.

    “Our commitment is to work towards a three to five-year plan to mobilise resources within and outside our group towards delivering the other needs identified thereby closing the gap wherever it exists. It is our hope that we will begin to see improved performance in West African Senior School Certificate Examination.”

    The Principal, Mr Abayomi Olusanya, thanked the AMP26 for adopting the school.

    “Barely two months ago, the alumni came to Lekki to look for a school to adopt. The Kabiyesi overheard them and told them about this school, so they came and adopted the school. We thank you for this and promise that the school will not disappoint in the WASSCE,” he said.

    On his part, the Tutor General/Permanent secretary Education District III, Mr Olaniyi Yinka, represented by Mr Raji Mudasiri, expressed gratitude to the group for living up to their promise.  He said many people come to the education district saying they want to adopt schools, but never showed up after seeing the schools that need assistance.

    “So, when this NGO responded in two months I was surprised. It is a good thing that people now realise that government cannot do it alone. They have tried to provide the basic needs of the school and pupils.  But we welcome NGOs to assist in other areas,” he added.

    Speaking on behalf of the pupils, the Assistant Senior Prefect, Miss Aderibigbe Adedamola, said they are all very happy.

    “It is like a miracle. When we first saw the chairs and tables, we were wondering if they were for us because we needed them very badly. When we asked and they confirmed that they was ours, we rejoiced. We are so grateful.

    “Four to five pupils used to sit on a chair and it was very inconvenient for us. Some of us stand in class, some of us sit with half our of our buttocks; some don’t even come to school at all because of lack of chairs and tables,” she said.

    Others at the event included Oba Ogunbekun, represented by his Personal Assistant, Prince Bamidele Ogunbekun; the Vice Chairman, Nigerian Union of Teachers, (NUT) Mr Ayeola Wasiu.

  • LBS adopts GMAT for MBA entrance exam

    Lagos Business School (LBS) has adopted GMAT as the only form of written assessment prequalifying applicants for its full-time MBA programme.

    This development, driven by the school’s efforts to boost the local and international competitiveness of its students, is a departure from the earlier model giving candidates the option to either write GMAT or the LBS entrance examination.

    The GMAT exam, accepted by over 6,000 schools globally, measures candidates’ analytical skills and determines their preparedness for the business school classroom.

    “Candidates who take the official GMAT have a very high tendency to perform exceptionally well in class and eventually graduate to become highly sought-after professionals.  The GMAT exam will help us identify candidates with the potential we need to achieve this,”  said MBA Director, Dr Uchenna Uzo.

    According to the Marketing Manager of the programme, Segun Abodunrin, the GMAT exam remains the best parameter for vetting MBA candidates in business schools across the world. “It ties in with our aim to prepare managers with the right skills to thrive and succeed in an emerging continent like Africa,” he explained.

    Recently, LBS restructured its Full-time MBA programme, stipulating that candidates have a minimum of three years’ post-qualification work experience as against one. The duration of the programme was also reduced from 21 to 18 months and offers students international exchange programme opportunities.

     

  • LBS revamps MBA programme

    The Lagos Business School (LBS), has restructured its full-time MBA programme in its quest to develop managers with global competitiveness who can excel in complex business environment.

    With the new structure, applicants will be required to have a minimum of three years’ post-qualification work experience, rather than one. The duration of the programme has likewise been reduced to 18 months as against 21 (including a three-month internship); while participants can now embark on international exchange programmes for elective courses.

    Commenting on the restructuring, LBS Dean, Dr Enase Okonedo, said: “The demand for management education in Africa will increase astronomically in the next two decades. LBS is poised to tap into this upsurge. Even though our graduates regularly receive favourable reviews, we strive for continuous improvement in providing the quality management education expected from our institution.

    “The updated MBA curriculum, effective from September 2015, will improve LBS competitive edge among global and regional business schools. It will prepare Africa’s best minds for promising careers with local and multinational companies expanding their operations in emerging markets such as Nigeria, and equip them with an entrepreneurial mindset to make an impact in industry.

    “The business environment is more complex now and managers require new skill sets for agile and nimble thinking, not just in Nigeria but throughout Africa and around the world.  The new set of participants in the MBA programme will have a strong foundation based on their real-life experiences, quipped the MBA Director, Uchenna Uzo. “This will give them a firm basis upon which to apply sophisticated lessons and challenge their classmates and professors in the process, for the mutual benefit of all involved.”

  • LBS woos young scholars

    Some of the nation’s brightest minds will hone their research skills and gain first-hand exposure to academic life at the forthcoming Lagos Business School (LBS) Young Talents Programme.

    The one-day programmes scheduled for August 1, is aimed at building a relationship with students and young graduates. It will also offer successful candidates research scholarship opportunities and build a network of future LBS faculty.

    The LBS Young Talents Programme is open to second-year undergraduates and above, including M.Sc holders and corps members (not older than 30) with first-class or second-class-upper honours degrees.

    They will be exposed to the LBS culture, history and inspiration.  They will also learn about career channels in management, research and teaching, including the day-to-day activities of faculty, researchers and administrative staff.

    “The programme will bring talented people in contact with a world-class institution where they will learn what it takes to begin an academic career,” explained Dr Uchenna Uzo, faculty lead on the programme.

    “It is also an institutionalised way of getting good talent who can become faculty or administrative staff now and in the future,” he said.

    As with other LBS activities, the relationship with participants will be maintained after the event so the benefits they derive will be sustained.

    Dr Franca Ovadje, member of the faculty team, said Young Talents Programme could not have come at a better time.

    “LBS strives to be a world-class business school with a significant impact on the African environment. The Young Talents Programme (YTP) aims to develop strong academics who will transform society through their knowledge and research. YTP will prepare participants for an academic career in business management,” she said.

  • LBS holds Young Talents Programme

    Some of the nation’s brightest youths will hone their research skills and gain first-hand exposure to academic life at the forthcoming Lagos Business School (LBS ) Young Talents Programme.

    Scheduled for August 1,the one-day programme is aimed at building a relationship with budding talents in or out of the university. It will also offer successful candidates research scholarship opportunities and build a network of future LBS faculty.

    The Programme is open to second-year undergraduates and above, including M.Sc holders and corps members (not older than 30) with a first-class or second-class-upper honours degree.

    “The programme will bring talented people in contact with a world-class institution where they will learn what it takes to begin an academic career,” Dr Uchenna Uzo, faculty lead on this programme explained. “It is also an institutionalised way of getting good talent who can become faculty or administrative staff now and in the future.”

    “We’ll invite them to programmes from time to time. They’ll be part of LBS…in the sense that they have come here and interacted with the academic community. It will be an annual programme going forward,” Uzo added.

    According to Dr Franca Ovadje, member of the faculty team, Africa is on the brink of profound change and the LBS Young Talents Programme could not have come at a better time.

    “LBS strives to be a world-class business school with a significant impact on the African environment. The Young Talents Programme (YTP) aims to develop strong academics who will transform society through their knowledge and research,” she said. “YTP will prepare participants for an academic career in business management.”

    At the highly interactive programme, the LBS culture, history and inspiration will be discussed. Participants will be exposed to LBS career channels in management research and teaching, including the day-to-day activities of faculty, researchers and administrative staff.

  • LBS ranks 2nd in Africa

    LBS ranks 2nd in Africa

    The Lagos Business School (LBS) has been ranked second in Africa by the Financial Times of London.

    The details of the ranking are contained in the FT’s Executive Education 2013 ranking published on Monday in London, which also ranked LBS 55th in the world.

    In a statement, Dean of LBS, Dr Enase Okonedo, reiterated the commitment of the school to providing management education of world-class standard.

    She said: “We are pleased with the FT ranking which further attests to our strength and relevance in the business and management education landscape in Nigeria and Africa, and we will continue to strive for excellence”.

    Okonedo also added that as part of plans to increase its sphere of influence, LBS will in July begin the International Management Programme (IMP) for leaders in Africa, to accelerate leadership development in the continent.

    The Financial Times publishes yearly a list of the best management programmes from business schools around the world, based on the quality of learning, staff and student diversity, growth in business and international reach.

    The top schools this year are IMD in Switzerland, followed by IESE Business School, Spain and Thunderbird School of Global Management in the US.

    Other African business schools included in the FT rankings this year are the University of Pretoria’s Gordon Institute of Business Science (GIBS), Wits Business School, University of Stellenbosch Business School, all in South Africa, and American University in Cairo School of Business, Egypt.

     

  • LBS in regional finals of Hult Prize

    LBS in regional finals of Hult Prize

    •May win $1m

    The Lagos Business School (LBS) is in the regional finals of the fourth Annual Hult Prize, the world’s largest student competition and crowdsourcing platform for social good.

    If it wins, its team of five MBA students will get the $1 million prize to implement its food security idea.

    The team made up of Uzoma Okoro, Adetokunbo Alegbejo, Oluwatoyin Sanwo, Chika Ezeani and Ozue Ezeife, will face teams from other institutions in London, one of the five campuses of Hult International Business School between March 1 and 2. Other regional finals will hold in Boston, San Francisco, Dubai and Shanghai.

    Following the regional finals, one winning team from each host city will move into a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. The final round of the competition will be hosted by the Clinton Global Initiative (CGI) at its annual meeting in September, where its delegates will select a winning team, who will be presented the prize money by Bill Clinton, former President of the United States.

    A statement from the LBS noted that Clinton chose this year’s theme on global food security and challenged teams to focus on how to get safe, sufficient, affordable and easily accessible food to the 200 million people who live in urban slums.

    Of the competition, he said: “The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.”

    President of the Hult International Business School, Dr. Stephen Hodges, said he is glad LBS is competing this year.

    “The Hult Prize is thrilled that the Lagos Business School has joined the initiative. This year’s competition has received a record number of entries, bringing together some of the most talented students to help solve global food security which can benefit nearly a billion people,” he said.

    Ahmad Ashkar, CEO and Founder of the Hult Prize attributes the success of the competition to the global youth revolution. He said: “We continue to be moved by the large number of students from around the world who are capitalising on the opportunity to develop business models that target the bottom of the pyramid. We wish every team the best of luck and thank Lagos Business School for supporting this initiative,” he said.