Konga is laying off some of its staff

thank you… my point exactly.
We are not thinking about the staffs that are being laid off… the implications ! More people without jobs in this harsh economy. These things have a ripple effect on all of us.

So 200,000 naira a month for a growing company is not high? Again, use Naira not USD in your metrics last i checked we are in Nigeria. Why is it Nigerian firms HATE offering stock options to staff instead? I mean if i have a chance to own even 1% of a firm that can pay low but my rewards in future if we grow is high is great for me plus it gives you JOB SECURITY, and currently that is more important this days of Economic crunch.

The Lapses in Customer Service is not enough training and dynamism and this is something they can create a customer care centre for this.

Again i blame Management not predicting crunches, Mr Rewane of the Lagos Business School Breakfast club had given a very gloomy outlook for 2016 and predicting technical recision as far back as December 2015, it was left for them to incolcate into plans but like you said who are we to talk.

Well…They are Konga’s Big Brother na :slight_smile:

Question is: How can they get more people online or ordering from them.

Someone suggested opening a Big Supermarket the SPAR/Shoprite style which i think makes sense.

Comment retracted.

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Lol lol lolling

I think online e-Commerce stores / marketplaces should signup agents in each micro-locality (i.e. 1-2 km radius or the size of a landlord association enclave), whose job it is to take orders from customers directly, place them online for a commission, and act as drop-off locations. Think about the relationship between the little corner-side shops in England and their immediate constituency. Everybody knows Mr Patel, and he knows everybody. He isn’t faceless like Konga, offers direct customer support, and simplifies deliveries and returns.

I think the mobile money industry has a similar structure in their cash-out process.

2 Likes

Keep Lolling…

I like your idea.

  1. Creating an offline Marketing programme where adhoc marketers bring confirmed orders and get commission per sale or aggregated sales.

  2. Create Clearance sales Events that can be monthly where people buy stuff aka Konga Trade fair

Management you say?
We are still having issues producing good managers.Whoever remembers the Hi-tv management team,and how they messed up?

I do,

Those ones used company money to throw parties in the UK Every weekend, i had like 30 invites in 1 year alone.

They then entered a bidding war with Super Sports which was really really foolish.

They negotiated wrongly with the banks, the list is plenty.

So again my question is: Wouldnt you put the best hands you can get in building a business that is a pioneer in a challenging environment?

If the Management have lacking skillsets then immediate grooming of people to fill said positions should be done.

Stock option isn’t a silver bullet against job insecurity, it’s an option to buy after a maturity period, if the company hits bad waters and you’re laid off (not your fault) your option automatically matures (or a portion of it) and you now have to buy them within a period or it’s gone. Need I say that the company decides fair value, so it might not be worth as much as you thought when you signed up for it. I don’t blame those who see it as a scam.

I’m not @xolubi but i think it is noun not now. Now is…now!

@everyone nevermind just carry on :slight_smile:

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Can’t we just respect simple typo errors,everyone obviously realises the difference between noun and now.
Some folks on here should halt this ‘holier than thou shenanigance’ please.

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The #ImNotXolubi hashtag might just become a thing…

Oshey - English Dictionary…Thank you sir.

my dear oo… and he still made a typo while correcting me. I’m too busy for silly people.

Comment retracted.

Nice one there.

In other news. I think Konga has reached their peak. If they don’t come up with fresh and innovative ideas they might just be on a downward slide to bankruptcy

Perhaps I was too mean. I’m sorry.

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Thats because the companies here dont knw how to go about it, You get options and its vested for a period of time 1-4 years usually, whether laid off forcefully or not, as long as you didnt leave you have a nice severance package to hold on to or better still convert n be a shareholder etc etc…