Courage and passion distinguished family businesses

Courage and passion distinguished family businesses, before finance governed the economy.

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Romano Pisciotti

Rome Business School Nigeria, a satellite campus of the Rome Business School based in Rome, Italy is a managerial training and research institute of excellence situated in Ikeja, Lagos.

The Rome Business School Nigeria’s aim is to play a role in closing the gap between the academic world and the job market by providing managerial training courses suited to convey the knowledge necessary to kick-off or develop professional careers or business activities.

Our mission is to train entrepreneurs, managers and professionals to a level of excellence in their competence and their ethical approach to business and work, able to play a part in the development of an economic humanity and of a society more prosperous, fair and respectful of the central role of the individual.

It is without doubt that every country has its uniqueness; specific environment, divergent economies and different market penetration techniques, Rome Business School Nigeria was established to meet the Nigerian needs, while taking into consideration global standards.

Rome Business School Nigeria is not only charged with the responsibility to provide support, advice and help for prospective MBA and Master degree students but also embedded with the capacity to carry out Short Executive Courses training peculiar to the Nigerian environment and targeted towards individuals, companies and the nation building at large.

Presented by Romano Pisciotti

Letter of Credit (Rome Business School, Nigeria)

The English word “bank” derives from the Italian term “banco” (or “banca”), in turn stemming from the Frankish word “bank”.

In Italian, “banco” originally referred to a bench with a back, then a bench’s wooden seat, in the 1300s a shop counter, in the 1500s a craftsman workbench. Finally, from the counter where money was exchanged, collected and lent, it came to mean the institution itself offering those services.

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Like for almost everything, you can find the remote origins of the banking system in ancient history. Saving and borrowing services existed among the Sumerians of ancient Mesopotamia, where private individuals felt the need to entrust their riches to priests, and among the ancient Greeks.

Other than this mainly formal recognition, banking was an Italian invention.

Letter of credit

A letter of credit was one of the most important financial mechanisms that allowed international trade to flourish in the 15th century. As caravans wheeled, and ships sailed around Europe distributing fine goods, the letter of credit became a necessity for travelling merchants.

A letter of credit is an agreement in which the buyer’s bank guarantees to pay the seller’s bank at the time goods/services are delivered. They would be authorised to receive pounds in the London branch, for example, at 40 pence to the florin exactly 90 days after (the timing was always fixed).

Shipping large sums of money over land on a regular basis was too dangerous during this era. For this reason, traders would deposit florins (the Florentine currency of the day) in a Medici bank for a letter of credit.

Herein this tidy little innovation also lay the genius of the Medici wealth-generating machine. During the early Middle Ages, usury (the lending of money for interest) was a cardinal sin- which posed a problem for banking institutions such as the Medicis in a religiously-zealous society. A letter of credit was one of many ways they could disguise the interest within transactions, and refrain from angering the theocracy.

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Continuing our example from above, the London branch of the bank would then turn around and find someone wanting to purchase florins in Florence, but at the rate of 36 pence to a florin (currencies traded in different rates home and away). This little difference of 4 pence per florin gave the cunning Medicis a 22% annual return. In the eyes of the contemporary theologian, this was a currency exchange rather than a sin, absolving them of the judgment of God, whilst making a tidy profit.

 

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Rome Business School…

…strongly believes in an international mission, giving a first role to cross-cultural communication between its students and granting access to managerial education worldwide.

With 31 partners universities worldwide, the Rome Business School is actively in partnership with them in providing this kind of services, such as:

  • Rome Business School Nigeria
  • Fotabe University, Cameroon
  • Brilliance Business School, Egypt
  • Indian Institute of Logistics, India
  • Don Bosco School of Management, India
  • WEBS College, Myanmar
  • MHR Group International, Belarus-Syria
  • AMOS Sport Business School, France
  • Belarusian State University, Belarus
  • Business and Technology University, Georgia
  • St. Mary University, Ethiopia
  • Hindustan College of Arts & Science, India
  • Pace University, USA
  • International Institute of Business, Ukraine
  • MISAP, Italy
  • EAE Business School, Spain
  • Valencian International University, Spain
  • Cyprus Institute of Marketing, Cyprus
  • GBU Europe, Cyprus

International MBA

The International MBA has been designed so that participants can enhance and increase their knowledge in business management and administration, work with the main management tools and strengthen their managerial skills and competences.

Contact us

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Masters Online

Master in Marketing and Sales

With our Master in Marketing & Sales, we offer the key to corporate excellence to professionals in direct contact with customers, equipping them with the skills required by the market. Throughout the program, the professionals are provided with the conditions to evolve, and participants will undergo a process of change and personal growth.

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Masters Online

Master in Fashion and Design Management

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Rome Business School’s Master in Fashion and Design Management is the ideal choice for all those wishing to develop solid management skills to work in the Fashion & Design Management industry and become fashion and design specialists, trend researchers, fashion communicators, brand specialists and be competitive in the international job market.

Master in Fashion and Design Management

Masters Online

More than 10 years in Online learning education and part of Planeta de Agostini Group, world leaders in higher education. The Online courses offer all the contents of oncampus learning and ensures a complete and professionalizing experience. Intake November 2020, scholarship up to 20% valid until the 28th of August 2020!

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Success rate of our presentations

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…and if instead I told you that with that type of engine you would save a lot of money because you could make the washing machine work at night using the savings of the time slots without any disturbance of your sleep?
What we have just done is to discuss a technical characteristic (the inverter motor) in a benefit / advantage (savings)

By Romano Pisciotti

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Romano Pisciotti

Rome Business School – Lagos, Nigeria

European Foundation for Management Development (EFMD)

Rome Business School has been accredited by the  a world-wide recognized accrediting body for business schools, business school programs and corporate universities.

EFMD is an international non-profit organization with the highest European network in management development. With over 900 member organizations from 91 countries, EFMD has a goal of ensuring the best value in managerial education, by creating mediums for information, networking, research and revolution towards advancement. Every person under the umbrella of any member institution recognized by the EFMD, has the opportunity to connect with other members for progression. Having achieved this accreditation, coupled with the motto of Rome Business School –“Better Managers for a Better World”-, we are clearly on the right path towards creating great value and opportunities for our executive students.

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Our students know that knowledge is the best form of investment for the future

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NIGERIA: 10B Abimbola Okunuga Crescent, Off Harold Sodipo, Off Joel Ogunnaike, G.R.A. Ikeja, Lagos
+2349067556524

nigeria@romebusinessschool.it

Rome logo Our students know that knowledge is the best form of investment for the future Romano Pisciotti

Our students know

that knowledge is the best form of investment for the future

Romano Pisciotti

About Us

Rome Business School campus in Nigeria

Back to November 2018 when we hosted the Founding President, Professor Antonio Ragusa at the Rome Business School campus in Nigeria.

The Country Director, Humphrey Akanazu (Ph.D) and some Faculty members seized the opportunity to deliberate on ways to maintain top notch Educational services, in the MBA,  Master programs and Executive Education Courses.

There are a range of programs and courses, that we are extremely positive would be of benefits to you in your career endeavors.

You too can also be a part of these success stories by enrolling for any of our Master Programs or Executive Education courses.

For enquiries, kindly contact us on 09067556524 or send us a mail via Nigeria@romebusinessschool.it

Romano Pisciotti, teacher at the Rome Business School

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Training & Education

I’m glad to officially announce that the Rome Business School has become a member of the Planeta De Agostini Group. With its division dedicated to training and education, this organisation connects over 100.000 students in several countries. I’m proud that the business school that I founded from zero few years ago has been chosen for a further expansion by such an important corporation. We’re ready to serve our students and the world on a bigger scale. Thanks to all the people who have believed in this project and in my same dream.

Antonio Ragusa ( Founder & Dean Rome Business School)

 

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