HomeBusiness DigestCorporate strategy indaba at Vic Falls

Corporate strategy indaba at Vic Falls

Ndamu Sandu

CABINET ministers and senior officials from ministries, heads of non-governmental organisations (NGOs), captains of industry and a delegation from South Africa’s 2010 World Cup bidding team make

up the team for the fifth Zimbabwe Institute of Management (Zim) two-day conference in Victoria Falls next week.

The October 28-29 international management conference is held under the theme “Economic Liberation and Reconstruction: An Agenda for Zimbabwe”.

Zim organising committee chairman Professor Benny Chisvo told businessdigest this week that the purpose of the symposium is for business leaders and senior managers to acquire both theoretical and practical understanding of how corporate strategy can be formulated in the light of the current business environment and internal conditions and requirements.

Chisvo said during the symposium delegates would be expected to gain an insight into Zimbabwe’s dynamic business, social, political and economic environments that are affecting businesses.

Convened by Professor Lovemore Mbigi of Rain Maker Management Consultant, the conference will be attended by the Ministers of Lands and Land Reform, Education, Sport and Culture, Agriculture and Rural Development and Anti-Corruption and Anti-Monopolies – John Nkomo, Aeneas Chigwedere, Joseph Made and Didymus Mutasa respectively.

Acting Minister of Finance Herbert Murerwa is set to make a presentation at the conference.

Other delegates from the corporate world include renowned economic consultant and advisor to the central bank Eric Bloch, former Finance minister Simba Makoni, Luxon Zembe from the Zimbabwe National Chamber of Commerce and National Economic Consultative Forum executive secretary Nicholas Kitikiti.

Mbigi will elucidate on the ripple effects of the recent fuel price increases, the volatile economic situation and high inflation in the country, business leadership and management skills – goal setting and planning as a team process.

He is also expected to delve into managers’ self-effectiveness, appropriate management styles to be used in Zimbabwe’s business set-up and how to remedy the bad blood between Zimbabwe and the international community among others.

Murerwa will address the issue of government’s current monetary and fiscal policies, bringing to the fore the promises and new measures put to the two policies.

Murerwa will also address macro-economic instability in Zimbabwe.

Zimbabwe’s inadequate economic policies, lack of clarity about property rights, lack of consistency in implementing policies and stalled privatisation and commercialisation – the sticking points that have been raised by international financial institutions such as the International Monetary Fund (IMF) and the World Bank (WB) are also expected to come under the spotlight.

Simon Nyarota from the Reserve Bank of Zimbabwe (RBZ) will address the disparity between demand and supply of forex on the forex auction, the capability of the RBZ in turning around the economy and the fiscal discipline in the use of public funds by government, among others.

Executive director of the Zimbabwe Economic Policy Analysis & Research Unit Gibson Chigumira will look at trade and investment by focusing on Zimbabwe’s sources of imports and destination of exports.

Chisvo said Chigumira would discuss and review the current trade and foreign direct investment policies and Zimbabwe’s outlook in future trade and foreign investment challenges and prospects.

Kitikiti will tackle the causes of poor trade and investment in the country.

Godfrey Kanyenze and Dorothy Mazingi will look at the human capital migration, paying particular attention to the Homelink programme.

This session will critique whether human capital migration is a source of forex for the country and analyse whether the brain drain is normal or something should be done to reduce the mobility.

Made and Nkomo will present papers on the “Economics of Land Reform”.

Chairperson of the Cabinet Land Review Committee Dr Charles Utete will address the limitations of the agrarian reform and measures to turn new farmers into business executives.

Mutasa, Zembe and Victor Mhizha Murira will tackle issues of corporate governance, paying particular attention to business ethics, work discipline and the causes of corruption in both private and public sectors.

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