Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
Mo IbrahimRead
In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.
Interpretation
Engaging in honest business practices ultimately leads to greater profits.
Mo Ibrahim emphasizes that maintaining ethical standards in business, such as avoiding bribery, can lead to improved financial performance. The quote suggests that integrity and transparency not only foster trust but can also enhance a company's reputation and success in the long run.
In practice
This quote can be shared in a business ethics seminar to emphasize the importance of integrity.
Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.
Experience shows that when political governance and economic management diverge, overall development becomes unsustainable.
There is a crisis of leadership and governance in Africa, and we must face it.
If economic progress is not translated into better quality of life and respect for citizens' rights, we will witness more Tahrir Squares in Africa.
Africa is rich, and why are we poor then if our continent is rich. It is not right.
If a company is profitable, the founder is in control. If it's not, investors are in control.
The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.
When you improve your product so it does the customer's job better, then you gain market share.
You know, if you make a customer unhappy they won't tell five friends, they'll tell 5,000 friends. So, we are at a point now where we have all of the things we need to build an important and lasting company, and if we don't, it will be shame on us.
You say: "I'm a blue sky thinker." Investor thinks: "You have no business model, and you don't know how to ship."
Why should a manufacturer bet his money, perhaps the future of his company, on your instinct?
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