Meanwhile, Managing Director of the National Bank of Dominica (NBD), Ellingworth Edwards, has told private sector veterans to stop hoarding information, and instead, they should mentor young entrepreneurs. Edwards believes this is hindering development within that sector. He made that statement while addressing the Annual General Meeting (AGM) of the Dominica Association of Industry and Commerce (DAIC), which was held on Wednesday 27th July, 2016, under the theme ‘Strength in Diversity’.
Edwards said “It is very sad that there seems to be a feeling of unwillingness to mentor and to share knowledge, which is stifling the sector. Members in the sector are hoarding information; they are not share information”. He suggested that the members should unite for success, adding, “It seems that kind of attitude is prevailing, and it is something that we would have to stamp out as quickly as possible. As singular businesses, we are just too small to go it alone”.
Edwards urged the DAIC to be a “bridge” for all businesses, through educating, advising, and mentoring those in need. He also encouraged the association to form alliances and greater partnerships with other organization. He asked the members to be proud and supportive of the organization.
He highlighted the need for the DAIC to broaden and strengthen its membership base, as well as the relevance of the organization. “Strength in diversity for DAIC should not only mean numbers—it should also mean the range of services,” Edwards remarked. “So, yes we can build the numbers and have everyone, but we must also build the services that we offer to them. And, by so doing, the DAIC will become more relevant.”
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