I once heard a Nigerian saying proudly that the strength of Nigeria is its people. That statement stuck in my mind: in fact, its 170 million (or so) people makes Nigeria the most populous African country – but what did he mean exactly? A number of things come to mind: the most immediate and obvious, […]
A new era of indigenous entrepreneurship
I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the […]
Smart citizens for smart cities and countries
In my post of last week on urbanization and smart cities, I quoted my colleague at IESE Business School Prof. Ricart: “in order to have smarter cities, we need smarter citizens.” I read in the newspaper about a Nigerian immigrant who found an envelope containing more than €16,000 in cash and cash-equivalents, and handed it […]
Global connectedness index of African countries
The DHL Global Connectedness Index 2014 report, prepared by a research team led by Pankaj Ghemawat – a colleague of mine at IESE Business School – has been published. Global connectedness refers to “the depth and breadth (geographic distribution) of a country’s integration with the rest of the world as manifested by its participation in […]
Doing business in Nigeria: overcoming cultural challenges
Energy and physical stamina are personal characteristics that tend to be associated with power. Based on their physical appearance, Nigerians could be compared to US basketball players. This feature can be intimidating, and especially so when it comes along with a loud voice. In fact, Nigerians describe themselves as “loud and proud.” This is one […]
