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Home Blog Page 5086

Apple Strikes Many Startups With Simple OS Evolution

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I wrote a piece in Harvard Business Review titled “Can African Tech Startups Succeed in a World Dominated by Facebook and Google?” and provided some insights on how startups can play in a world where ICT utilities are dominating all domains of the digital technology sector. But what Apple did this month (as noted in Apple WWDC event) has taken that ICT utility conversation to another level. In just a few minutes, Apple struck many startups; many will not recover. Here are how (Jano, Medium):

Apple Pay Later: That is the latest thing for Buy Now Pay Later with No interest. Apple’s treasury is massive. It has cash reserves many countries will dream of. With that war chest, it has unlocked another fintechnolization where all platforms attain a stable state as a fintech. Companies like Afterpay, Klarna, Affirm are victims.

Freeform: With this new feature, Apple has elevated the minimalist collaboration whiteboard buzz, taking out companies like Mural and Miro.

Passkey: A new domain of handling passwords. Companies like 1Password and Keeper have new problems now.

Tap to Pay: Apple products now support the ability to tap a wireless card or iPhone-iPhone to pay. Square, Toast and others in this space have new challenges ahead.

Apple’s iOS is a digital operating system and iPhone is a modern commerce platform. When you have such pillars under one company, many bad things could happen to small entities which depend on them. Yes, over time, Apple will abstract these services and fold them into the native system.

The problem of enforcing court judgments in Nigeria

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A man was complaining the other day about how the Nigerian Armed Forces forcefully and illegally took his landed property in the Maitama area of Abuja. For those that are not conversant with Abuja, Maitama is a high-brow area of Abuja, it is the “Ikoyi” of Abuja so any property in that area must be worth hundreds of millions of Naira if not billions. 

Some people were advising the man to go to court and sue the military to reclaim his property and the man who is quite enlightened asked his advisers; “going to court and suing the armed forces is to what end”? After spending a huge sum of money dragging a court case for years and the court finally grants him judgment how do they enforce the judgment against the military, which court bailiff or policemen can boldly go to the land which the military guards every day to kick out the military men from the property. 

As a lawyer, I saw reasons in his argument for his reluctance to go to court and why he does not want to waste his time and resources going to court. Rather, he has been applying diplomacy and calling forth anyone who can intercede on the matter to intercede on his behalf. 

This is The major problem bedeviling the Nigerian Judicial system. The problem of the enforcement of court judgments.

This issue has made a lot of persons lose faith in the Nigerian judiciary which ought to be the last hope of the common man. Aggrieved persons who know that they have a good case and should approach the judiciary to grant them the justice they deserve are always reluctant in doing that because they feel even when they have been granted justice by the court, the enforcement of that justice becomes another issue. Enforcement becomes a difficulty especially when the defendant is a government agency, top government official(s) or law enforcement agency, or other government owned institutions or parastatals.

For instance, how do you enforce a judgment against the military in a country like Nigeria where the military think they are more powerful than everybody put together in the society. Which court bailiff or police can enter the military barracks or military settlement or even the home of a military man to serve in court process or to enforce court judgment without the fear of being intimidated or being assaulted by the military.

How can you also enforce a judgment against government parastatals or agencies? 

Most times when citizens sue law enforcement agencies for fundamental human rights enforcement and judgment is granted in their Favour, the issue becomes the enforcement of that judgment. 

When the court mandates a law enforcement agency or its agent to pay a citizen a particular sum as damages for the breach of their fundamental human rights the problem becomes getting their law enforcement agency or its agent to pay.

The police, the FRSC, the VIO, the customs/immigration, the EFCC, the DSS, the armed forces, and all other paramilitary/ law enforcement agency are all guilty of flaunting court orders and refusing to obey court judgments or refusing court judgment to be enforced against them.

If we must get it right, if we must restore the faith of the citizens in the judicial system and process, the government agencies and government officials must learn to obey court judgments and let there be full enforcement of court orders to the latter against any person no matter your status or standing in the society.

We have all witnessed how law enforcement agencies and government officials flaunt court orders with so much impunity. Law enforcement agencies are fond of disobeying court orders to grant a suspect in their custody bail or release the suspect even when the court has ordered bail or ordered them to release the suspect. The DSS is always handy in cases like this, especially when the case is politically motivated.

How can an aggrieved person whose fundamental human rights have been trampled upon enforce the judgment he got against an agency like the DSS, an agency that feels they are bigger than courts or not bound by regular rules of the land? 

Top government officials must be ready to subject themselves to the judicial system and also advise their subordinates to do the same too so that citizens won’t have any reason to engage in self-help and jungle justice or to be taking laws into their own hands to fight for themselves if the judiciary can’t fight for them. 

Enforcing judgments against individuals or private institutions is not always the problem but the problem comes with enforcing judgments against government agencies or top government officials or law enforcement agencies. Which law enforcement agency can you use to enforce a judgment against a government agency which is also owned by the government. 

The principle that No one is above the law should be the watchword. Every person, every institution, and every agency should subject themselves to the dictates of the judiciary that has been charged with explaining the law and serving justice to every one according to whichever anyone deserves. 

Register for Tekedia Startup Masterclass and Understand Business with Ndubuisi Ekekwe

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Join me at Tekedia Startup Masterclass: from Start-Up to Unicorn and master the mechanics of business. CEOs, founders, innovators, project champions, workers, etc, this 8-week program will accelerate your business leadership ascension. Besides the courseware, you will have one-on-one Zoom sessions with me. It runs for 8 weeks – and it is impactful.

Come to the temple; we preach business here, and we make disciples of innovators in markets. The reward is business growth and the acceleration of wealth and the advancement of human societies.

Go here and register. You will get a link to schedule the Zoom session. I want to work with you, on your project.

We’re Tekedia Institute; we understand business – and we teach it. Hope to meet you in class.

Tekedia Startup Masterclass: from Start-Up to Unicorn is designed to help founders, entrepreneurs, and those generally working in the startup ecosystems, to master the mechanics of building category-king startups. The program runs for 8 weeks. Besides some pre-recorded courses for the 8 weeks, the program includes an hour-long one-on-one live Zoom session every week, per participant, with Tekedia Institute’s Lead Faculty, Prof Ndubuisi Ekekwe.

Business Strategy and Execution – Tekedia Mini-MBA Live

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Tekedia Institute will continue our conversation on the mechanics of market systems. Tomorrow, Microsoft Senior Manager, Eromosele Omomhenle F.IMS, will be live to educate us on Business Strategy and Execution. What is your business strategy? How is that evolving as a result of changing market dynamics? How do you execute? And what can you do to make it better?

At Tekedia Institute, we help innovators and project champions advance their missions. Come to our school and master the physics of modern entrepreneurial capitalism.

Tekedia Institute >> Learn from the best.

Coca-Cola Partners With Jack Daniels To Produce Alcoholic Drinks

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American multinational beverage company, Coca-Cola, has signed a deal with Brown-Forman Corporation, the producer of Jack Daniels, to produce alcoholic products. This will mark the fourth new alcoholic drink in Coca-Cola’s portfolio in less than two years.

This deal will see both companies produce “Jack and Coke” cocktails, a ready-to-drink canned version. This canned version will contain a mixture of Coca-Cola and Tennessee whiskey, a product of Jack Daniels.

The packaging for the canned drink will display both logos for Coke and Jack Daniels, as well as symbols signifying that it is only for people of drinking age which is usually from 18 and above. Coca-Cola is no doubt retracing the step of its early days when it offered alcoholic drinks.

It might interest you to know that when Coca-Cola was launched in 1886, it was an alcoholic drink, before the company exited from selling alcoholic products in 1903. What majorly prompted them to exit from the alcoholic market was after the U.S government made a law that barred the consumption of the substance, which made the company produce the Coca-Cola soft drink.

Decades later, the Coca-Cola Company has made a return to the alcoholic market, as it launched its first-ever alcoholic drink in the year 2018 in Japan. A fizzy, lemon-flavored condition laced with spirits. In 2021, it launched a Topo Chico Hard Seltzer which contained 4.7% alcohol, coming in a slew of tropical-inspired flavors.

Its recent partnership with Jack Daniels marks the fourth new alcoholic drink in coke’s portfolio in less than two years, but the first pairing for its namesake. The company has already partnered with Molson Coons Beverage on Topo Chico hard Seltzer, simply spiked lemonade, and constellation brands on Fresca mixed cocktails.

There have been recent reports about the decline in the consumption of Soda, which has seen Coca-Cola push its soft drink brands into alcohol through partnerships. It might interest you to know that Coca-Cola isn’t the only soft drink company that is partnering with alcoholic brands as other soft drink brands have also entered into partnerships with alcoholic companies.

Brewers of these alcoholic drinks in collaboration with soft drink brands like Coca-Cola also benefit greatly from this partnership, which will enable them to diversify their portfolios away from beer.

Coca-Cola is no doubt going hard into the alcoholic market, the company recently disclosed that it will broaden its alcohol portfolio, by developing a policy around marketing and selling its alcoholic drink responsibly.

Their approach includes the company targeting consumers above the legal purchasing age in its advertising and refraining from implying that consumers will receive any health benefits from using these products.

Coca-Cola has no doubt been an exceptional soft drink company, as each generation comes of age, the company always seems to find a new creative way into the market to enable more sales from it’s products. From concepts like; “It’s the real thing” for the boomers, to “share a coke” for millennials, the company continues to keep the product fresh and relevant.

Also, there have been reports that alcoholic beverages have been the fastest-growing alcohol segment since 2018, which has seen Coca-Cola enter into the alcoholic market, with its recent partnership deal with Jack Daniels to produce alcoholic beverage drinks. The brand is very prolific and one amazing thing about the Coca-Cola brand is that even if the only thing you drink is water, they have got a product for you.