The Chartered Institute of Directors Nigeria has urged companies to be innovative in order to survive constant transformations in the economy.
The President and Chairman of the Governing Council, CIoD, Alhaji Tijjani Borodo, spoke at the 2023 edition of its leadership bootcamp for directors programme in Barcelona, Spain.
The programme, which attracted directors from diverse sectors of the economy, was declared open by Borodo, represented by the institute’s Director of Academy, Mr Sunday Adenipekun, at the NH Barcelona Stadium Hotel, Barcelona, Spain.
In a statement, Borodo said the theme of the year’s directors’ bootcamp which was, ‘Directors’ role in driving business transformation and succession planning’, was apt, considering the inevitability of constant change and transformation in the contemporary business landscape.
He said, “A constant factor that organisations have grappled with over the years is operating in a business environment that is characterised by uncertainty and unpredictability. This is more so over the last one decade because of the amazing intensity of changing technology, socio-political, economic, climate and regulatory changes.
“From all indications, the ferocity of these changes would be unparalleled in the new decade, given the new paradigms of competition, increasing sophistication of stakeholders, disruptive innovations and emerging business models.
