“A large retail bank – one of the biggest and oldest companies in the industry, recently acquired a fintech startup in a bid to leap ahead of the digital curve and maintain its competitive edge. The acquired fintech was founded seven years ago by two young engineering graduates, who created an online payments solution that quickly gained traction to become the go-to app for middle-class millennials in the region…. ”  was a business case question developed by our Faculty, Omowunmi Adenuga-Taiwo.

For Lab #1, question 2, we have the permission of Adanma Ekekwe* (no relation to Ndubuisi Ekekwe) to share her Lab assignment. In Tekedia Mini-MBA, our Faculty work with our members, providing critical feedback to them as they work on Challenge Assignments and Labs. Labs are like extended business cases.

Most of our members after their Challenge Assignments and Labs have been promoted in their offices. Some have also used the documents to raise capital.

*no relation to Ndubuisi Ekekwe

Epic Games is a great venture but its management has scored a major own-goal, going against Apple which taxes all apps developers 30% for the privilege of having them in its App Store. Epic Games wanted a special highway, for Apple to waive or reduce that tax. Good people, it is costing that company big time: it lost $30 million in August as it wages a battle against Apple and Google.

Personally, I do think that Epic Games is making a very big mistake. You do not fight this type of battle alone. This is not a lifesaving drug or food: it is just a game. The implication is that politicians and celebrities will not even care. So, the capacity to amplify the heat on Apple is not directly there because NOT playing games is not that a big deal. As Apple countersues, Epic Games will see why own- goals are bad: they set you back:  “Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store”, Apple noted in its filing.

Apple has hit back at Epic Games in its ongoing battle with the gaming company, filing a countersuit Tuesday alleging the company breached its contract with Apple and asking to be awarded punitive damages. The dispute began when Fortnite launched an update that allowed users to pay for in-game content without Apple receiving a cut. The tech giant retaliated by removing the game from its app store; Epic Games sued Apple later that day, and two weeks later, Apple suspended its developer account. Epic has until Sept. 18 to respond to Apple’s countersuit. (LinkedIn)

Epic Games is making a really poor game in this battle with Apple. The fact that other game makers have not joined it should have sent a clear signal by now. According to Epic, its video game has lost 60% of its daily active users since Apple booted the game from its App Store.

Since Apple confrontation with Epic Games kicked into high gear, the game maker has seen its Apple-based users plunge, Epic said in a legal filing on Friday.

Daily active users of Epic’s blockbuster battle-royale game Fortnite on Apple’s iOS operating system have declined by more than 60% since the tech giant removed the game from the Apple App Store, Epic said in the filing. More than 60% of Fortnite users on iOS access Fortnite only on Apple devices, the video-game company said.

Consumers are visitors, Customers are neighbors. Make your consumers become customers. The greatest companies go beyond having neighbors – they engineer FANS out of customers. When customers are fans, great moments arise and glory awaits.

Go beyond Needs and Expectations of customers to Perceptions  of customers. Create and MAKE Fans of all for that brand.

She knows where all the grant funds are located! And she is coming to Tekedia Live to provide tips and guidance. Tekedia Institute will host our Faculty, Victoria Madedor, of Bank of Industry ITC tomorrow (Thursday) at 11am Lagos. Interestingly, the money people of Venture Capital and Private Equity asked us to reach out to BOI because “there is so much grant money in Nigeria”. Our Faculty is developing a course on Fundraising from DFIs, Governments, Grants, etc for our next edition.

We saw a bit of granting when WeForGood noted that it has millions to support innovators. Last year, it gave out $250k to innovators, the CEO TEA (Temitayo Ade-Peters) noted on Live today. (Tekedia is a knowledge partner training all the innovators).  We have also seen what Shecluded is doing. And the amazing vision of Ingressive for Good through Sean Burrowes and Maya Horgan Famodu on capacity building.

Join Live. Zoom link already in the Board. Others, join via YouTube here.