Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
Mo IbrahimRead
In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.
Interpretation
Engaging in honest business practices ultimately leads to greater profits.
Mo Ibrahim emphasizes that maintaining ethical standards in business, such as avoiding bribery, can lead to improved financial performance. The quote suggests that integrity and transparency not only foster trust but can also enhance a company's reputation and success in the long run.
In practice
This quote can be shared in a business ethics seminar to emphasize the importance of integrity.
Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.
Experience shows that when political governance and economic management diverge, overall development becomes unsustainable.
There is a crisis of leadership and governance in Africa, and we must face it.
If economic progress is not translated into better quality of life and respect for citizens' rights, we will witness more Tahrir Squares in Africa.
Africa is rich, and why are we poor then if our continent is rich. It is not right.
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.
The lesson for businesses is you are dealing with real people. Those are your customers, those are your employees, those are your bosses, and the better you understand how real people tick, the more successfully you will be able to accomplish your goals.
To grasp organizational life as it is, read novels (!) .... It is my fervent belief that we will never design rational processes that "overcome" such irregularities-don't bother telling that to a consultant. Hence, we should embrace the real, nonrational, nonlinear world with vigor and glee-and develop enterprise and career strategies accordingly.
Business must go on reiterating its absolute commitment to embedding human rights in all it does, driving industry change through collaboration with governments, international organizations, and each other.
Every business is a monarchy with, not a man, but an idea as king.
One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
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