According to Prof Kayode Omoregie, academic director of the International Management Programme of Lagos Business School (LBS), the purpose of visiting the University of Stellenbosch Business School is to give participants the opportunity to learn about doing business in Southern Africa.
"The primary objective is to give Nigerian entrepreneurs and top level business executives, who are thinking about taking their businesses out of Nigeria into other parts of Africa, an opportunity to acquire the necessary skills to achieve that objective," says Prof Omoregie.
The preference of LBS to partner with USB on its IMP programme is explained by Prof Omoregie: "One of the reasons why we have decided to partner with USB is simplythat we know for a fact that USB is one of the very best schools in South Africa with deep knowledge and expertise on doing business in Southern Africa."
The experience of having visited the school in the past also played a part, he says, "because it has been a very positive experience".
The other business school that LBS partners with on its IMP programme is Nanyang in Singapore. "The primary reason for choosing Singapore is simply that 40, 50 years ago or so Singapore and a number of countries in Africa, including Nigeria, were pretty much on the same level as far as their development phase and aspirational levels were concerned.Within a period of 50 years or so Singapore has been able to take its country and businesses from third world status to first world status."
Prof Omoregie says that although Nigeria and SA have the biggest economies in Africa – accounting for about 50% of the GDP – businesses in SA are regarded as somewhat more sophisticated.
"They have achieved more international posturing than businesses in Nigeria. So we are asking ourselves a simple question: What can we learn from South Africans on how they were able to take their businesses internationally?"
