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The $2 Trillion Apple And Creating Business Models That Capture MOST Value

By
Ndubuisi Ekekwe
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1

Apple has captured a lot of values in markets to become a near-$2 trillion company. You need to capture value for your enterprise even as you create value for customers. IT improves productivity but sometimes the web not only improves efficiency in the utilization of factors of production but also helps to transfer or destroy value. So, there is the risk that you could be doing great things for your customers but the value created, you are not capturing. If you allow that redesign, your enterprise can collapse.

In this video, I challenge us to use the One Oasis Strategy and Double Play Strategy to build business models that will ensure that we capture enterprise value even as we create for customers. Skype creates great value for customers but it has struggled to capture most value; so, Skype remains a sojourner, constantly being passed around by buyers and sellers. Do not be like Skype.

Play at both edges of the smiling curve and leave the center.  Apple plays at both edges of the smiling curves while partners pick the center. In the financial services domain in Nigeria, companies like Interswitch (which controls Verve) and Flutterwave play at the edges while most banks are still wasting efforts at the center. The banks do the hard work but the fintechs capture the highest value. Do not be like some banks, still tethered at the center, move to the edges.

 

Ndubuisi Ekekwe Actively Joins Twitter; Account is ndekekwe

By
Ndubuisi Ekekwe
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0

I am Ndubuisi Ekekwe. I am very happy to join the Twitter ecosystem. We would be sharing management processes and how we can drive growth in businesses through innovation. Connect, and let us go for an excursion on the mechanics of business systems. Here is my twitter handle @ndekekwe

 

Discover A Partner for the New Growth Operating System in Africa

By
Ndubuisi Ekekwe
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0
Fintech community will have some adjustments

It used to be “Let’s meet your bankers”. Today, we are seeing, “Which fintech partner are you working with?” Indeed, as fintech evolves to become the new growth operating system in intra-African trade, understanding how the players could help you go further could be catalytic. When you sell things that cost the equivalent of $20, fintech, not your bank, comes handily as you (digitally) scale across Africa. Build partnerships with these new growth drivers.

 

SON, NFMI Heed to Our Analyst’s Proposition as Committee on Localising Global Standards in Nigeria Inaugurated

By
Mutiu Iyanda
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0

As part of efforts of ensuring competitiveness and standardisation of the Nigerian Facilities Management Industry, information has it that the management of the Standard Organisation of Nigeria inaugurated yesterday. According to our analyst, the collaboration between the federal agency and the stakeholders in the industry has been suggested in the previous analysis, published in 2019 when the industry joined others in the world in the celebration of the yearly FM day. Our analyst notes that the International Facilities Management Association, the global body that hosts national associations throughout the world, chose ‘Celebrating Global Standards’ as the theme for the year’s celebration.

According to the report, Collins Osayamwen, Managing Partner Sheltercare FM Consult, Abuja emerged as the Chairman of the Committee while Aliyu Suleiman Shika, of Department of Building Ahmadu Bello University, Zaria emerged as Vice Chairman. Others include M. K. O Balogun, Managing Director Global PFI, Olumide Aina, CEO, Green Facilities Limited, Ayuba Anza Usman, of FCTA, Olukemi Modupe Odusanya, (Managing Director, Hutchinson Property Care), Stan Mitchell, Chairman & CEO, Key Facilities Limited, UK, Alex Aleakwe Bini of Transcorp Hilton Hotel, Abimbola Funsho of Federal Inland Revenue Services (FIRS) and Ronke Odunayo of Oracle, Lagos.

“The Committee is to mirror the activities of the International Organisation for Standardisation (ISO) Technical Committee TC 267 on Facility Management by harnessing views of experts in Nigeria as contribution to the development of the international standards for eventual domestication in Nigeria through adoption.”

While suggesting the collaboration, our analyst notes that  Standard Organisation of Nigeria and the Nigeria Facility Management Initiative need to collaborate on the processes and modalities for ensuring FM standards within Operations and Technical Departments. These departments need standardised processes, quality materials and qualified professionals.  They are strategic to effective and efficient solutions delivery.

According to the analyst it is instructive to note that the growth and increased complexity in FM scope has necessitated the need for standardisation. Companies with the complete certifications are benefiting immensely. Beyond improving safety, health, well-being and productivity of the client’s workforce, FM standards also lead to the same benefits for the FM companies.  “Standardization will bring efficiency to FM operations by ensuring customer focus, leader’s commitment, monitoring and continuous improvement. Adhering to standards like ISO 14001 will enhance delivery of best value for clients and users,” Ishola Abass, GTP Global Resources’ Mechanical Engineer, said.

Key Needs and Issues

Our analyst has also noted in one of the previous analyses that standards that would be localized must establish how facilities management solutions should be delivered effectively and efficiently. The standards must consistently meet the needs of interested parties and applicable requirement. Responsiveness and responsibility of the people within the supply side to the demand side should also be considered as sacred towards inclusive solutions delivery and value capturing. In addition to these, the Chairman and members of his Committee should lay emphasis on corporate knowledge, especially tacit ones among the professionals. This will go in a long way of getting the needed inputs into the finalization of standards that would be localized towards deepening recognition of the industry and sustainable value capturing.

Airbnb Files Confidential IPO

By
Samuel Nwite
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0

Airbnb has submitted a draft Registration Statement on Form S-1 to the Securities and Exchange Commission (SEC), relating to the proposed initial public offering of its common stock, according to a statement released by the company on Wednesday.

The company is yet to reveal the number of shares to be offered and the price range. The statement said the initial public offering is expected to take place after the SEC completes its review process. Morgan Stanley and Goldman Sachs Group Inc are lead advisers on the IPO.

Airbnb revolutionized the hotel industry since it was founded in 2008. The company allows individuals to rent out rooms in their homes for travelers and get paid accordingly. The startup thus became one of the most innovative and lucrative ideas in the hotel industry, reaching at one point, $31 billion in valuation.

But the announcement to go public came as a surprise following the company’s travails this year. Airbnb has been hit hard by the coronavirus pandemic that halted aviation and hospitality activities for months around the world.

The US aviation industry lost an estimated $330 billion in revenue since early March, according to the report made on Aug. 13 by the US Travel Association.

Airbnb alongside others took a hard blow, laying off nearly 2,000 employees, about 25% of its workforce in early May. The company was forced to downsize its marketing budget and incurred billions of dollars in debt.

Property owners complained that Airbnb owed much on rentals and was taking so long to pay. The situation stirred concern among stakeholders, and analysts said it may affect the company’s relationship with hosts and eventually, its planned initial public offering.

“It’s no doubt a reflection of the terrible loss of business they experienced earlier this year. This slow payment to the hosts concerns me because inevitably some of these hosts are going to put less of their inventory on Airbnb,” said Henry Hartevedt, a travel industry analyst at Atmosphere Research Group.

But the company started recording a rebound in August as many people moved to rural areas, spurring a surge in business for Airbnb hosts. CNBC reported that the rural Airbnb served as local getaway for Americans trying to escape home confinement and boredom of the pandemic.

Airbnb last funding in April put its valuation to $18 billion, indicating huge loss as it falls well below the $26 billion it cited as internal valuation in early March.

Andrea Walne, general partner at Manhattan Venture Partners, an Airbnb investor said the move may help the company to replenish its 2020 losses through public offering.

“The company may be thinking that the lost value they’ve realized in 2020 could be recouped as a public company and that will be reflected in the upside in their stock price,” Walne said.

Airbnb’s decision to go public must have been inspired by some companies who recorded growth after going public. The capital market has shown signs of sturdy comeback in the past weeks. Reuters reported that some public companies like online car seller, Vroom Inc and business intelligence platform ZoomInfo Technologies Inc experience shares surge.

Kathleen Smith, principal at Renaissance Capital, a provider of institutional research and IPO ETFs said: “We believe that investors are willing to look beyond COVID issues and value companies based upon post-COVID scenarios. It’s a constructive IPO market.”

With stocks showing signs of recovery, investors are likely going to put their money in public companies. Airbnb is hoping that its little progress will be sustained as businesses open and restrictions get lifted.

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