2.3 – When Conglomerates Lose

“Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.” – Aliko Dangote Despite the strengths of conglomerates, they can be challenged by anyone that can master what they do. The conglomerates accumulate capabilities and they use them to compete. I will use an illustration of a Nigerian company that took up the Dangote Group, and won, on noodles. In Africa, Aliko Dangote, the continent’s richest citizen, is a genius in mastering what it takes to move from a sectoral downtime level to the upstream level. He enters a sector, he begins the Accumulation of Capability,…