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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
McKinsey never fail
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Rank: Member Joined: 2/8/2007 Posts: 808
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VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha We all know it is the President who wants Ngunze to remain and MJ being an appointee of the same man cannot seal the fate of Ngunze. By the end of March next year losses will continue pilling up and KQ will need cash from the govt and the pressure for the CEO to exit will be there. I do not see the Mpigs approving further bail out with Ngunze in KQ. The pilots are also still after his blood.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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ArrestedDev wrote:obiero wrote:Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha We all know it is the President who wants Ngunze to remain and MJ being an appointee of the same man cannot seal the fate of Ngunze. By the end of March next year losses will continue pilling up and KQ will need cash from the govt and the pressure for the CEO to exit will be there. I do not see the Mpigs approving further bail out with Ngunze in KQ. The pilots are also still after his blood. Shindwe!
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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How sad is it that Michael Joseph shall take all the credit while its Ngunze who lay down the foundation for KQs turnaround.. Meanwhile he jets back into Kenya today from Netherlands for the Thursday meeting. Friday is bound to see yet another start of a mini rally. Do I regret selling at the spinning top? No.. Will I buy again? Definitely, but only upon sight of the full year results
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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http://www.businessdaily...8838-pxnuaoz/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Hello Joined: 2/2/2016 Posts: 3
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obiero wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
McKinsey never fail https://www.equities.com...mpany-s-biggest-mistakes
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