Lyomu: Regulatory unpredictability and digital disruption affecting business

Standard Group CEO Orland Lyomu (in blue) with other participants after a group photo session where he officially opened the Institute of Certified Accountants of Kenya (ICPAK) 2nd Annual Leadership Convention at the Sarova Whitesands Beach Resort on October 02, 2019. [Gedion Maundu, Standard]
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He said most firms, like Kodak and the Kenya Post and Telecommunication Corporation, were not able to survive in the market because the rate of external changes was faster than internal changes. To stay afloat and serve the increasingly diverse or scattered audience, the CEO said Standard Group was implementing a strategy hinged on diversity and convergence. He said the media house was also partnering with BBC and other local small IT system application developers to disseminate news and information to targeted audience. In its five-year strategy plan, he said Standard Group had rolled out major products and platforms which are guided by research on consumer changing habits. Accountants from the Institute of Certified Public Accountants of Kenya (ICPAK) are in Mombasa for a three-day convention. ICPAK Chief Executive Officer Edwin Makori said accountants were deliberating how firms could survive in the current complex environment. Other topics to be discussed include importance of data driven decisions, navigating technology landscape, governance and ethics and how firms can bridge generation gap. Ibrahim Abduba, Enterprise Random Password Manager and Strategy and Business Developer, urged corporates to harness new technologies to for more gains.Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.