How Nigerian-American Chamber trained entrepreneurs on innovation

The Nigerian-American Chamber of Commerce in collaboration with Fosad Consulting recently organised a workshop on ‘Strategic Innovation for Entrepreneurs’ as part of its effort to foster the growth and development of entrepreneurship in the country.
The one-day workshop held at the chamber’s secretariat on February 23, 2018, were attended by entrepreneurs and business owners across sectors who converged to learn innovative ways of getting ahead of their competitors in an evolving global economy.
To meet consumer needs in a world-class business environment, entrepreneurs require the knowledge and skills needed to manage the development of innovations, to recognise and evaluate potential opportunities to monetise these innovations, to plan specific and detailed methods to exploit these opportunities, and to acquire the resources necessary to implement these plans.
The importance of innovation in entrepreneurship is a key value for the longevity of a business as operational performance alone is not enough to create sustained competitive differentiation in a global marketplace.
The workshop, which was facilitated using real-life case studies, discussions and presentations for knowledge-sharing, focused on identifying opportunities, managing risk, organising resources and value addition. Participants were lectured on developing business models for new ventures and attitudes, values, characteristics, behavior and processes associated with entrepreneurial mindset.
The chamber says it is passionate about the growth of MSMEs in Nigeria and will continue to present platforms to nurture them on a global scale by linking Nigerian businesses to global firms.

ODINAKA ANUDU