“We want to have a market capitalization of $100 billion” – Aliko Dangote Every great conglomerate was started, and was once a small company. In most of them, one thing is consistent: massive accumulation of capabilities. Once they accumulate those capabilities, they exert their influence in markets, and through economies of scale, they change the basis of competition through pricing, production innovation, clear differentiation or other factors. With leverages that come with scale, moving from one sector to another becomes easier as investments share central anchors which reduce business risks. When expertise is built on the supply chain for cement,…
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