Transcript SUMMARY OF DISCUSSIONS

SUMMARY OF DISCUSSIONS
BREAKAWAY SESSION 1
DEFYING THE ODDS: WHAT DOES IT TAKE TO BUILD AND
NURTURE WORLD-CLASS BUSINESSES IN AFRICA?
PRESENTED BY
PROF. KWAME BOASIAKO OMANEANTWI
(SESSION CHAIR)
Breakaway Session 1: Defying the Odds...
DISCUSSION AREAS
• DISCIPLINE/INSTITUTIONAL INERTIA
• CULTURE/MINDSET
• BUILDING GROWTH LEADERS
=IQ+EQ+L1Q+ L2Q+CQ+RQ
Breakaway Session 1: Defying the Odds...
SUCCEEDING AGAINST THE
ODDS
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INDIVIDUALS /INDUSTRY PLANNING
RECORD/DATA KEEPING
SHARING KNOWLEDGE/SYNERGY
CO-COMPETITION
FOCUS AND PASSION
COURAGE/RISK TAKING
Breakaway Session 1: Defying the Odds...
INFRASTRUCTURE, SYSTEMS AND KNOWHOW FOR SUCCESS
• NATIONAL PLAN DRIVEN BY CIVIL SOCIETY
• PUBLIC PRIVATE PARTNERSHIP
• MORE ENTREPRENUERS SHOULD BE
ENCOURAGE TO OPEN UP
• THE STATE SHOULD BE MORE PROACTIVE
• READY AND AVAILABLE DATA FOR
BUSINESSMEN
• GOV’T SHOULD FOCUS ON EXECUTION AND
FOLLOW-UPS
Breakaway Session 1: Defying the Odds...
CREATING AND EXECUTING WINNABLE
BUSINESS IDEAS IN AFRICA
• THE NEED TO NETWORK
• THE NEED TO TAKE BUSINESS METRIX
SERIOUSLY
• BUSINESSES SHOULD RIDE ON THE BACK
OF TECHNOLOGY
• THE RIGHT DRIVE AND PASSIONPERSEVERANCE
• CRITICAL THINKING
• EVALUATING BUSINESS IDEAS
Breakaway Session 1: Defying the Odds...
WHAT TO DO DIFFERENTLY
• BUSINESSES SHOULD ENGAGE THEIR
CONSUMERS MORE
• INTEGRATED DIGITAL MARKETING MUST BE
SPONTANEOUS
• COLLABORATION/ CO-COMPETITION
• INNOVATION AND CREATIVITY
• BUILDING A STRONG MENTORSHIP
PLATFORM TO GROW THE NEXT CROP OF
ENTREPRENUERS
Breakaway Session 1: Defying the Odds...
CONCLUSION
WE LEAVE YOU WITH THIS BUSINESS MODEL
GROWTH LEADERS =
IQ+EQ+L1Q+ L2Q+CQ+RQ
WHERE:
IQ =INTELLIGENCE QUOTIENT
EQ= EMOTIONAL QUOTIENT
L1Q=LEARNING QUOTIENT
L2Q LEISURE QUOTIENT
CQ=CULTURAL QUOTIENT
RQ=RELIGIOUS QUOTIENT
Breakaway Session 1: Defying the Odds...