d271 - 7.1

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What has been a common strategy adopted by successful enterprises in Africa according to the text?

Avoiding long-term trends

Setting bold visions for growth (correct)

Not investing in talent

Ignoring Africa's challenges

How have successful businesses in Africa typically viewed the continent's challenges?

As unrelated to their operations

As insolvable problems

As opportunities for growth (correct)

As barriers to business only

What positive action have successful business leaders in Africa taken towards innovation?

Hiring unskilled workers

Making smart moves to innovate product offerings (correct)

Refusing to drive up productivity

Avoiding technology use

How have successful businesses in Africa managed the continent's volatility?

By building resilience into their business models Signup and view all the answers

What drives many of Africa's successful business leaders beyond just profit motives?

A deeper sense of responsibility to solve human issues Signup and view all the answers

Who is mentioned as an example of a successful business leader in Africa in the text?

Strive Masiyiwa Signup and view all the answers

What is M-Kopa's purpose in Africa?

Revolutionizing lives with solar-power kits Signup and view all the answers

What motivated Masiyiwa's initiatives in education and entrepreneurship?

Desire to move the needle on Africa's challenges Signup and view all the answers

What is one key role that multinationals like GE see themselves playing in Africa?

Investing in skills-building infrastructure Signup and view all the answers

Which country saw businesses speaking up about bureaucratic challenges to improve ease of doing business?

South Africa Signup and view all the answers

What is Masiyiwa's philosophy regarding success?

To be a responsible citizen and solve problems Signup and view all the answers

What does Tony Elumelu's 'Africapitalism' philosophy emphasize?

Commitment to long-term investment and creating economic prosperity and social wealth Signup and view all the answers

What is the primary goal of Jay Ireland, GE's Africa president and CEO?

To build science and technology skills across Africa Signup and view all the answers

How does Fred Swaniker suggest companies should view their role in society?

Take a holistic view and contribute to societal development Signup and view all the answers

What type of companies are contributing to the social and economic development of countries in Africa?

Companies that engage with communities and invest in long-term growth Signup and view all the answers

What concept does Graça Machel advocate for to address Africa's social and economic challenges?

A partnership among various sectors to solve challenges Signup and view all the answers

What does Graça Machel believe is essential for the private sector to do in terms of poverty eradication?

Engage in job creation on a massive scale Signup and view all the answers

Based on the text, what kind of changes does Graça Machel suggest business leaders should implement for job creation?

Creative, forward-thinking changes Signup and view all the answers

According to Nelson Mandela, what mindset should individuals adopt regarding their capabilities?

'Playing small' limits achieving one's full potential Signup and view all the answers

What approach to life does Manu Chandaria embody according to the text?

'Playing big' and striving for excellence Signup and view all the answers

What is the main focus of the fund mentioned in the text?

Supporting smaller scalable businesses for economic growth and job creation Signup and view all the answers

'Doing good' in Africa, according to the text, can result in:

'Outsized returns' for shareholders along with transformative societal impact Signup and view all the answers

'Africapitalism' emphasizes:

'Private sector-led development' Signup and view all the answers