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10 Questions

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D271 - 4.1, easy

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Questions and Answers

What innovation practice is exemplified by Indomie and Equity Bank's stories?

Creating products and services that don't fulfill the needs of consumers (correct)

Rethinking the business model to isolate from customers

Getting inefficient to drive up cost and price points

Using technology to create unnecessary innovations

What was a major obstacle for people in rural areas in Kenya, according to James Mwangi?

Intimidation by formally dressed bank officials

Limited availability of mobile phones

Lack of access to education

Distance and limited access to traditional banking services (correct)

What did Equity Bank introduce that is described as its best-known innovation?

High minimum balance requirements

Mobile banking through a cell phone application (correct)

Traditional bank branches in rural areas

Affordable insurance products

What is a key strategic move for companies aiming to win in Africa?

Harnessing technology to unleash the next wave of innovation Signup and view all the answers

What is a key differentiator of company performance in Africa, according to the survey of business executives?

Creating new products and services tailored to African needs Signup and view all the answers

What was the classic innovation to meet an unmet need that consumers struggled to satisfy?

Creating a packaged version of 'chin chin' Signup and view all the answers

What did LafargeHolcim do to reduce the cost of building a house in Africa?

Developed a new process to create bricks made largely of earth Signup and view all the answers

What innovation has Chinese mobile-phone maker Tecno introduced to its smartphones for the African market?

Photo software designed to better capture darker skin tones Signup and view all the answers

What did SecurelD invest in to build its smartcard manufacturing plant near Lagos?

Biometric access control and cybersecurity tested by third-party firms Signup and view all the answers

What additional products has SecurelD expanded its manufacturing capacity to supply?

SIM cards, secure passports, ID cards, and driver's licenses Signup and view all the answers