Digital Transformation and the Future of SMEs EDC ALUMNI DAY Date: September 18, 2020 Topic: Digital Transforma on and the future of SMEs Time Programme Speakers/ Moderators/Discussants 8.30 am – 9.00 am Sign in / registering a endance 9.00 am - 9.05 am Welcome remarks: Nnenna Ugwu Alumni Director EDC 9.05 am - 9.15 am EDC Alumni Associa on in view: Abiodun Afolabi President EDC Alumni Associa on 9.15 am – 9.30 am Address by our Special Guest: Hon Adetola Salau Senior Special Assistant STEM Educa on at Lagos State Government 9.30 am –9.35 am Meet our Partners 9.35 am – 9.50 am Olukayode A. Pitan: MD/CEO, Bank of Address by our Special Guest Industry 9.50 am – 10.05 am Fireside Chat: Digital Orondaam O o: Founder Slum2 School Transforma on and its role in Africa educa on 10.05 am – 10.20 am H.E. Otunba Adeniyi Adebayo: Hon 1st Keynote address Minister of Industry, Trade and Investment 10.20 am – 10.35 am Fireside Chat: Digital Bode Abifarin: COO Chief Opera ng Officer, Transforma on and SMEs Flu erwave SME and the Circular Future Van Weijen, Jan: Consul General, Kingdom 10.35 am - 11.00 am of the Netherlands in Lagos 2nd Keynote address Ola Oresanya: Chairman E-waste Producer Responsibility Organisa on of Nigeria (EFRON) Panel Session Adwoa Coleman: Africa Sustainability and 11.00 am 12.30 pm Advocacy Manager, Dow Packaging and Achieving a sustainable and Specialty Plas cs Circular future Ti lope Oguntuga: Head Sustainable Development & Brand Lafarge Plc Moderator: Biyi Oladipo 12.30 pm -1.00 pm Break Fireside Chat: Digital Transforma on and the SMEs Khaled Aboshady: Founder/CEO Teradix 1.00 pm 1.30 pm Fireside Chat: Digital Charles Okoronkwo: Founder, Transforma on and the role in Farmclave.com agriculture George Babafemi: Execu ve Director, Etranzact Limited,Ghana Kersi F. Porbunderwella: President & CEO Panel Session BUGOPR, Secretary General, Copenhagen Impact of Cyber Security in Compliance 1.30 pm 3.00 pm Businesses: Lessons and Pathway Edward King Onyenweaku: Cybersecurity to secure the future and Data Protec on Execu ve Moderator: Stanley Muoneke – CEO Tipping Point Consul ng Limited 3.00 pm – 3.30 pm Alumni Ma ers: Uju Obuekwe: Vice President EDC Alumni Associa on Launch of EDC Alumni Packages Closing remarks EDC Alumni President Abiodun Afolabi 11.00 am – 1.00 pm One on One Advisory Sessions Business Development Service Providers (Experts from different field) About EDC Enterprise Development Centre (EDC) of the Pan -Atlantic University, a leading enterprise centre in Nigeria and indeed within the African continent, was set up as a direct response to providing a holistic business development and support services to Small a nd Medium (SMEs) in Nigeria. Established in January 2003, EDC started as Enterprise Development Services (EDS) providing capacity building programs and a variety of wrap around services such as advisory services, mentoring, Experts -in- residence, network me etings, access to market and information, implementation of organizational plans and more. How we work EDC’s strength lies in it’s network of partners and collaborators, hence a lot of emphasis is being placed on partnership building, collaboration and con stantly searching for value -driven initiatives / projects with high societal impact. We believe deeply in applied knowledge. Consequently, most of what we do often end up in “How Knowledge gained” can be implemented for personal and organizational improvem ent. Every project is treated differently and solutions are derived from first principles. This makes each of our project unique. Beyond our initial intervention however, we believe strongly in long relationships, therefore we continue to engage with our c lients and beneficiaries long after concluding the project. Services Provided Beyond Capacity Building, our belief is that SMEs need continuous support to remain sustainable. · Advisory and Consulting Services · Corporate Retreats · Network Meetings · Tailored Program Session Brief Digital Transformation and the future of SMEs Digital Transformation presents new insights into how digital platform service providers can help SMEs transform and compete. The outbreak of COVID 19 and its implication had challenged Small and Medium Enterprises with new way of doing business and still remain sustainable and profitable. In times of crisis, it is important for businesses to have a clear path and plan to navigate the troubled waters. A clear communication and open dialogue with customers and employees is very crucial and important. Companies can. Plan their next actions across the five horizons of resolve, resilience, return, re- imagination, and reform. Resolve - address the main issue challenging the business. Resilience - address near-term cash-management challenges and broader resiliency issues.. Return - create a detailed plan to return business to scale quickly as the situation improves. Reimagination - envision the new normal and create adaptive measures. Reform - Be clear about how regulations may affect your business. This can all be done through digital transformation - It is the future and SMEs must deal with it and leverage on it to move their businesses to the next level. SME and the circular future The circular economy is gaining momentum as a concept in both academic and business. Circular business models have been linked to significant economic benefits. Small and medium-sized enterprises (SMEs) are increasingly aware of the benefits of closing loops and improving resource efficiency, such as saving material costs, creating competitive advantages, and accessing new markets. The concept of a circular economy has gone from relative obscurity to the corporate boardroom in just a few years. A growing number of companies globally have started to develop and apply circular business models. These business models replace the traditional linear, “end-of-life” concept. Various barriers challenge small businesses in their transition to a circular economy, namely a lack of financial resources and a lack of technical skills Achieving a sustainable and circular future The circular economy model fits directly into the more general framework of sustainable development. It is part of a global strategy that also uses, among other things, the principles of the green economy, industrial ecology, eco-design or the economy of functionality. The main goals and advantages of a circular economy are Environmental, Economic and social. Digital Transformation and the future of Education Like the industrial revolution of the early twentieth century that brought about a transformation of the world economy, the digital transformation currently going on in the twenty-first century world economy has become a revolution of sorts that have disrupted the way we communicate, live, work and learn. And the world has come to see the need to go digital as even more imperative after the Covid-19 pandemic that briefly put a stop to human-to- human contact. One of the major areas of impact of digital transformation is in the process of learning and delivery of knowledge, with the gradual digitalization of learning resources and systems. The world has moved quickly away from the traditional face-to- face channel of delivering learning to the use of digital interface, which can be the television, desktop or laptop computer, smartphone or other electronic device. Today, every education provider who seek to remain relevant in this sector that has become very competitive has no choice than to key into this new system that clearly points to the future of education. It would be the best business decision to make to begin the process of building the required capacity for online delivery of learning in earnest. Rethinking strategy POST COVID 19: Impact of Cybersecurity on Businesses – Lessons we must learn The arrival of COVID 19 has forced most SMEs to now operate businesses online. This has become the norm such that it's either you accept the reality or your business losses relevance. This spike in the usage of online platforms to drive business has however also exposed most businesses to cybercrime. Cyber criminals take advantage of the Security ignorance of individuals and organizations to steal their money and valuable assets online. As at today, Africa losses close to $3.2 billion USD annually to cybercrime with Nigeria losing over $500m/A to Cybercrime, South Africa, more than 530m USD and this figure is also high for other African Countries. We sense that these large amount lost to Cybercrime can be re-invested into Africa for better lifestyle of her people especially in helping to boost business profitability. No doubt Broadband and information technology are powerful tools for SMEs to new markets and increasing productivity and profitability. However, businesses need a cyber-security strategy to protect their business, their customers, and their data from growing cyber security threats. The session is intended to help participants build some level of awareness on some of the cyber security strategies that will help SMEs remain secure and safe while maintaining an online presence. We will also review the need for SMEs to pay attention to Data privacy and protection regulations as a way of protecting their reputation within the industry. Peter Bamkole Director, Enterprise Development Centre HOST Keynote Speakers General Session H.E. Otunba Adeniyi Adebayo Hon. Minister of Industry, Trade and Investment OXFAM Stakeholders Forum Van Weijen, Jan Consul General, Kingdom of The Netherlands in Lagos Guest Speakers Olukayode A. Pitan MD/CEO, Bank of Industry Hon. Adetola Salau Bode Abifarin SSA, STEM Education, Lagos State Government COO, Flutterwave Fireside Chat Speakers Khaled Aboshady Founder/CEO, Teradix Orondaam Otto Charles Okoronkwo Founder, Founder, Farmclave.com Slum2School Africa Cyber Session Speakers Impact of Cyber Security on Businesses in Nigeria Kersi F. Porbunderwella George Babafemi President & CEO, BUGOPR Sec. Gen. Copenhagen Compliance Exe. Dir. Etranzact Ltd. Ghana Stanley Muoneke Edward King Onyenweaku CEO, Tipping Point Consulting Ltd. Cyber Security & Moderator Data Protection Executive OXFAM Stakeholders Forum Adwoa Coleman Africa Sustainability and Advocacy Biyi Oladipo Manager, MODERATOR Dow Packaging and Speciality Plastics Titilope Oguntuga Ola Oresanya Head, Sustainable Development & Chairman, E-waste Producer Brand, Lafarge Plc. Responsibility Organisation of Nigeria (EFRON) EDC Alumni Association EXCOs Uju Obuekwe Babatunde Oladele Vice President, EDCAA Secretary, EDCAA Abiodun Afolabi President, EDCAA Patricia Ojora Kenny Okogie Treasurer, EDCAA P.R.O, EDCAA Digital Transformation and the Future of SMEs An Enterprise Development Centre Production 2020
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