My dream for the future would be to have three times the people we have now at work — say 20,000 just in eastern Africa and to enable people to replicate business models on their own.
Accordingly, we added a class about the opportunity of replicating business models to seize this information arbitrage.
As many companies have learned the hard way, merely replicating business practices and models from one part of the world to another can oftentimes be a prescription for disaster.
How do businesses replicate their business models in a way that makes sense geographically?
This speed and commitment was replicated throughout businesses everywhere from the largest global players to local businesses wanting to make a difference.
I remember an occasion years ago when I confided in my male MD that I was concerned that I might not be up to the job of replicating our business model in Europe.
The first are self-employed types who run small businesses that replicate other businesses (eg, nail salons, dry cleaners, etc).
Multinational companies, often headquartered in the west, cannot simply expect to replicate traditional business models in developing countries.
But he wants to replicate the business model of cable television, where networks like Lifetime get paid a fee for each subscription by cable systems that carry it.
"About once a week I get a call from an entrepreneur trying to replicate our business," said Ari Straus, the president of the Monticello Motor Club, a private club 90 miles north of Manhattan that has 4.1 miles of racetrack.
His deal with them followed years of selling records independently out of the back of a car: as hard as a record company might try, it's not going to be able to replicate that business model in another city, never mind another country.
