Dialing up a new business model

Editorial

COMPETITION in the marketplace is good for consumers and good for business.
When companies compete with each other, consumers get the best possible prices, quantity, and quality of goods and services.
One important benefit of competition is a boost to innovation.
Competition among companies can branch the invention of new or better products, or more efficient processes. Innovation also benefits consumers with new and better products, helps drive economic growth and increases standards of living.
Competition can lead companies to invent lower-cost manufacturing processes, which can increase their profits and help them compete – and then, pass those savings on to the consumer.
And that is the whole idea on the integration of the States telecommunication entities (Dataco, bmobile and Telikom) to operate as Kumul Telikom Holdings.
Under the Kumul Telikom Holidays, there will be two retail businesses – a fixed business and a mobile business.
The third will be the wholesale business.
Fixed business will have the media business like EMTV and FM 100
Holdings, will have two retail businesses – a fixed business and a mobile business
Competition also can help businesses identify consumers’ needs – and then develop new products or services to meet those needs.
It’s not just about creating an excellent model for running a company.
It is the job of a good leader and outstanding entrepreneur to foresee those sorts of pitfalls and implement constant change and innovation, or you can quickly see yourself go from the disruptor to the disrupted.
For the telephone mobile business, let’s put 10 years into perspective.
Ten years ago, today, flip phones were still the rave, and flickering internet speeds were the norm.
Now? Retinal scanners and facial recognition are on the brink of being incorporated into every smartphone.
Internet speeds are faster than what was imaginable 10 years ago.
When it comes to the use of innovative technological advances, artificial intelligence overshadows everyone.
The centre of capitalism is that there is competition and this competition is relentless.
The only way to stay ahead of the game is to offer something different to consumers.
In a world of sameness, all it takes is just a tiny element that sets you apart.
People are often willing to pay higher when they feel that what they are getting in return is more and sometimes these things are even intangibles, such as how they feel while consuming your product.
Exactly, what the Government wants and Kumul Telikom Holdings chairman Andrew Jones has that responsibility of seeing it happen for the state telecommunications entity.
He said KTH is not taking the Telikom network and putting it into bmobile or anything like that.
Telikom is primarily 4G and the bmobile side is primarily 2G/3G. Bmobile has got a very good distribution system for selling top-up cards.
The mobile telephone company established must have mobile towers and transmission, billing systems and go to the market in terms of marketing and advertising
We draw from the two groups and put them into this new business. All these assets go into the new company. Put simply, it is combining all assets both material and human resoruces together into one entity.
The target is to build a bigger and stronger organisation that can compete effectively.
While it’s nice to keep things simple sometimes, there must always be a desire for reinvention.