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  • 1. Human Capital & Wealth Creation Abdul ‗Dewale Mohammed Founder & Executive President Africa Asia Scholars Global Network (AASGON) PROMOTERS OF PRIDE OF AFRICA - ASIA LEADERSHIP (PAAL) AWARDS info@aasgon.net
  • 2. 21st Century Challenges –Education & Employment Academic Challenges – Human Resource Development Item 1 Human Capital – Creative Minds Item 2 Entrepreneurship – Commercialization Item 3 Public Private Partnership – Item 4 Corporate Social Responsibility Globalization – Diversification Item 5
  • 3. •Unlocking the Wealth of Universities • Academic Entrepreneurship Academic • Human Resource Development. Challenges • Identify and Evaluate University’s i) Clarity of vision and purpose ii) Management Ethos iii) Entrepreneurship Policy. iv) Modes of Operation v) Staffing requirements and skills vi) Student Admission Criteria Skills & Mind Set vii) Assets Commercialization viii) Sustainability
  • 4. The Human Mind is very•Nurturing the human intellect creativeIgnite the spiritual minds of youthsHUMAN CAPITAL ENTREPRENEURSHIP• Underutilization of Human Potentials • Dynamics: • intra-preneurship and o Creativity corporate venturing o Governance • Sound understanding of the o The Will Market o Responsiveness • Transformation of Innovations o Enabling • Economic Viability Environment
  • 5. •Organization and Management- The Driving Force • Values • Policy Frame work embracing Entrepreneurship in learning • Potentials • Creating the enabling Environment
  • 6. •Human Resource CapitalizationSpiritual and Political Will to Enhance the Human Spirit . • Breeding Job • Community Hunters as against Wealth Chronic Mismatch Job Creators . undervalued between: • Limited Employers • Right peg in the • Education System Broad Skills wrong hole. • Wealth Creation • The Labour Market
  • 7. •GlobalisationDiversificationDespite its endowedwealth Africa remainsmarginalised andimpoverished
  • 8. •The Emerging EconomiesKnowledge EconomiesChina and India withmost Rapid growthand industrialisation • Universities to become more innovative and generate new knowledge ASEAN –China Free for sustainable growth.Trade Area remainlargest regionalemerging market in • Interactand engage withthe world. local government and industries
  • 9. •Africa Asia Integration • Asian Academics lack the coherent strategy for exploiting the benefits of globalization and its • Level of People-to growing prominence in People interaction the international arena. (business, academia and the civil society) is far less encouraging.• Significance of Africa and Asian ancient history • Dynamic and enabling cannot be overstated. institutional framework for mobilizing Asia to maximize its impact on Africa is critical.• Interaction among Africa and Asia sub regional organisations is imperfect.
  • 10. Emerging prospects AASROC, NAASP and South-South Cooperation efforts at creating a balanced cultural, social and economic transformation of a New Africa – Strong leads for Asia and Pacific Universities Africa Asia Academic Framework for Cooperation
  • 11. Bandung - Promoting Afro-Asianeconomic and cultural cooperation Museum of Africa Asia Conference
  • 12. •Public Private PartnershipBridging Resource Gap Explore opportunities for new Innovation PPP an ideal model for developing and financing projects Private finance initiative (PFI) • Projects via the PPP delivery process backed with effective Balancing engagement with collaboration can help unlock the the private sector and the Community wealth of Universities Promote multi-sectoral approaches • P3 an alternative market rate financing to fund university projects.
  • 13. •Traditions and customs21st Century Challenges –Governance & Youths Attitudes, abilities, skills. Evaluation of what to accomplish Specificpurpose and anticipated benefits of accomplishing the goal. Human Resource and Capacity to make it happen RiskAccess identify constraints , review strategies Appropriate Facilities
  • 14. •Workforce CompositionReflection of Present Society Staff Mind Set 7%19% represents population ofLecturers who asentrepreneurs, double up as 74%Consultants outside theUniversity7% with entrepreneurship spiritrepresents Lecturers making 19%their way to becomingConsultants74% represents population ofLecturers, less creative with nopersonal engagement outsidethe university and contentedwith their university work –awaiting pension/retirement
  • 15. •Smart–e GoalsKey Performance Indicators (KPIs)  Individual &* Group Assessment and Specific Competency  Human Resource Management Measurable Attainable  Staff Management  Needs & Outcome Analysis  Project Management Relevant Time Bound  Performance Evaluation  Sustainability Evaluate & Reevaluate
  • 16. •Potentials for GrowthWealth & Job Creation Remodel the academic sector in line with entrepreneurship and innovation Process 1 Enlarge the Job Market - BarackObama Recognize, Explore and Enhance Staff /Student‘s individual potentials Process 2 Develop an Asset Approach - Oprah Winfrey Attitudes, abilities, skills, facilities and financial capacity Process 3 Measure progress – William Henry ‗Bill‘ Gate Process 4 Performance Evaluation – Li Ka- shing
  • 17. Neglect of micro and •Small Enterprises Entrepreneurship Not Academic Local Wealth - The undervalued and neglected mainstream and stronghold for sustainable economic development.
  • 18. •StrengtheningUniversities “The aim of education should be teaching usThe Local community has how to think, ratherconsiderable economicmultiplier impact than what to think” – James BeattiThink local share global ― A handful of good lifeEnsure inclusion of is better than a bushelcommunities the of learning. ‖civic, labour and faithgroups in planning and — George Herbertimplementation.Maintain Strategicalliance with governmentand the private sector
  • 19. Academic, Career, Exchange 2013Summer & Culturalnterested Institutions and scholars should email carol smith at info@aasgon.net
  • 20. CSRAfrica Asia