What Trevor Field knows about The African Business is important to African entrepreneurs and investors because it proves that they can attract clients in global markets. He is the author of the new HBR Case Solutions series. Here is Case Study Solution by Field about Trevor Field’s expertise in The African Business.
Trevor Field has spent most of his life engaged in business, especially as a leader. As the CEO of a telecommunications company, he was called to lead in 2020 to a reorganization. Before his appointment, he led a team of executives in leading one of the top businesses in the South African Business Council’s List of Top 50 SA companies. He was the only CEO to land on the list in its first year.
According to him, one reason why South Africa continues to thrive despite the global economic downturn is the strength of its business climate. He believes that strong leadership contributes to this. The president of South Africa, Jacob Zuma, has also said that the country’s business climate is “very good”. Thus, what Field understands about South Africa is important to the business environment in Africa.
Field has seen firsthand how the business climate in Africa plays a key role in sustaining the growth of African businesses. He was not present at the 2000s boom when the countries of Southern Africa rose to new heights. However, he did note that the rest of the continent managed to expand their horizons to the remaining parts of the world to capitalize on the increased international business activities.
The key to good leadership is the ability to embrace change. It means that if the leader is open to change, it means that others will be open to change as well.
According to Field, in order to be successful in the business industry, you must take certain measures to understand the current business environment in the country and relate these changes to business processes. Through his study, he has seen that the change took place at different rates and that the process was delayed by social and political issues.
Therefore, he decided to focus on core competencies that would make the company adapt to these changes and serve as indicators of success. These key competencies are determined by what is happening in the environment, how people relate to one another, business processes and market conditions.
Expand your horizon and explore those factors that create change. If you can easily adapt to the changes, then the chances of success are higher.
The debate continues whether or not The African Business can survive the uncertainty that a recession brings. For Field, such a debate is irrelevant and that only the results matter. He believes that investors can easily identify key competencies needed to succeed in The African Business. In order to identify them, one should be able to identify some of the basic factors that contribute to the current business environment in Africa.
What do we know about Africa? South Africa, for one, stands to play a very big role in bringing together the diverse social, political and economic systems of Africa.
This highlights why the next case study solution focuses on the most effective way to address these changes. We must take advantage of this opportunity to expand our horizons and explore the other aspects of African business such as the attitudes of the local people in the various regions and how people within a region share common cultural values.
To recap, Field’s Case Study Solution helps us understand the current business environment in Africa through looking at the factors that contribute to change in the social, political and economic systems. It also explains the need to expand horizons so we can explore the areas of economic development and understand the perceptions and cultural needs of people across the continent.