The boards of companies do one important job: hire a CEO. And the CEO does also one important thing: commit a company to a business model. In the market system, your business model determines significantly how successful you would be, because the business model is about how a firm could capture value in the market. So, a business model is supreme, and you need to understand the best across market territories and business sectors.
From the great Oriendu Market in Ovim, Abia State, to the banking halls of Lagos, to the trading desks of Goldman Sachs in New York, the greatest companies run the most relevant business models. Data supports that: more than 80% of finest digital/online companies have one business model in common.
I will be teaching business models at 7pm WAT today in the African business temple, Tekedia Institute mini-MBA. What is your business model? How do you plan to capture value? I asked that question in Harvard and posited that companies which create value for customers but fail to capture value will die. Read here at Harvard.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
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Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.