Small Business Success Secrets of Aliko Dangote

What are the business success secrets of Aliko Dangote? How did Aliko Dangote become a billionaire and the richest black man in the world? Well, i advice you read on to find the answers you seek.

Culling from a popular quote that says “if you want to be rich and successful, observe what the rich are doing and do the same.” I don’t know how effective this strategy can be but I feel there is an atom of truth in that statement.

Today, I will be sharing with you some small business success secrets from one of my mentors; Aliko Dangote. This mentor of mine is extremely rich and has been ranked as the richest black man in the world by Forbes Magazine.

Topic: Effects of competition in the Telecoms Industry.

By: Solomon Ojeagbase

ABSTRACT:

Telecommunications using a comprehensive framework, I examine the impact of competition in the telecommunications sector. Privatization contributed substantially to labour shedding, output growth, network expansion, and improvements in labor productivity as well as total factor productivity. But how countries privatized is important. Share issue privatization facilitated the development of the mobile market segment. Granting a newly privatized operator a period of exclusive market access, on the other hand, reduced the gains from privatization (due to the output-restricting tendency associated with market power) but not entirely negated the gains.

The presence of competitive pressure in the market was associated with more employment, higher output, faster network expansion, and higher labor and total factor productivity. We find evidence of complementarity between privatization and competition in that competition increased the gains from privatization and vice versa. Estimates show that half of the output growth between 1990 and 1998 was attributable to privatization and competition after controlling for input growth. Competition appeared to have a larger impact on labor and total factor productivity than privatization.

INTRODUCTION:

EFFECTS OF COMPETITION IN TELECOMMUNICATION INDUSTRY

Telecommunication can be defined as the branch of electrical engineering concerned with the technology of electronic communication at a distance, subsequently Telecommunication can also be defined as the system used in transmitting messages over a distance electronically.