Podcast
Questions and Answers
What innovation practice is exemplified by Indomie and Equity Bank's stories?
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?
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?
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?
What is a key strategic move for companies aiming to win in Africa?
What is a key differentiator of company performance in Africa, according to the survey of business executives?
What is a key differentiator of company performance in Africa, according to the survey of business executives?
What was the classic innovation to meet an unmet need that consumers struggled to satisfy?
What was the classic innovation to meet an unmet need that consumers struggled to satisfy?
What did LafargeHolcim do to reduce the cost of building a house in Africa?
What did LafargeHolcim do to reduce the cost of building a house in Africa?
What innovation has Chinese mobile-phone maker Tecno introduced to its smartphones for the African market?
What innovation has Chinese mobile-phone maker Tecno introduced to its smartphones for the African market?
What did SecurelD invest in to build its smartcard manufacturing plant near Lagos?
What did SecurelD invest in to build its smartcard manufacturing plant near Lagos?
What additional products has SecurelD expanded its manufacturing capacity to supply?
What additional products has SecurelD expanded its manufacturing capacity to supply?
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