The SEAT AFRICA Symposium Context:
Nations, institutions, and business organizations worldwide are generally good at setting goals and designing strategies to achieve them. However, the challenge arises when it comes to executing the strategies successfully. In the current rapidly changing global socio-economic environment, which is volatile, uncertain, complex, and ambiguous (VUCA), the successful execution of strategy relies heavily on the following factors:
- The ability to read or anticipate critical developments that are taking place in the operating environment (both in Africa and globally),
- The capability to interpret those developments in relation to African businesses, institutions, or nations, and
- The skill to make and implement strategic adjustments quickly wherever necessary.
This has become the major determinant of either winning or losing.
The SEAT AFRICA Symposium provides a platform for sharing:
- Insights on critical local (African) and global developments occurring or likely to occur in the operating environment,
- The likely impact of those developments on African businesses, institutions, or nations,
- The possible adjustments necessary for Africa to cope with those developments, and
- Case studies/strategy implementation experiences that present a benchmarking opportunity.
The SEAT AFRICA Symposium is an annual event that takes place between May and June. When organizations formulate strategies, the first quarter of execution will typically benefit from the assumptions that informed the strategy formulation. However, changes that may occur in any operating environment, especially in volatile, uncertain, complex, and ambiguous (VUCA) ones that characterise Africa, can significantly affect goals, strategy, and execution. Therefore, as organizations review their performance in the first half, they can benefit from the insights generated by the SEAT AFRICA Symposium, which can help in reviewing performance and making necessary adjustments.