Ali,Good insights. Most Banks are now starting to view themselves as FinTech companies holding a banking licence(fundamental to Equity's success), whereas disruptive & innovative telcos are continually viewing themselves as providers of an ICE Model (Information, Communication and Entertainment). Changing times!!James MurituOn Wed, Jan 4, 2017 at 11:27 AM, Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote:If it walks like a duck, sounds like a duck and swims like a duck... :-)In today's complicated world however, where whole industries have been disrupted its more difficult to pigeon hole a company into an industry.. The loose definition is usually taken from the business model of companies - Say if more than 50% of your revenue comes from advertising space on your platform then you are a media company; from Software and Hardware then you are an IT/Technology Company; from voice calls/data a telco company etc.This however is the traditional definition hence why I'd agree with Zuckerberg in his assertions that whilst Facebook is a media company it's simply not a traditional media company.So if we look at the local context I'd like to pose some questions:-1. Which industry is Safaricom in? Media? Telecommunications? Banking? Entertainment?2. How about Equity Bank? Telco, Banking?3. Wananchi? Media? Telecommunications? Content disruption?Ali HusseinPrincipalHussein & Associates"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-GyörgyiSent from my iPadHappy new year everyone,This may be of interest:
"Facebook’s chief executive, Mark Zuckerberg, appears to have finally conceded that the social network is a media company, just not a “traditional media company”."
https://www.theguardian.com/technology/2016/dec/22/mark- zuckerberg-appears-to-finally- admit-facebook-is-a-media- company Regards,Mildred Achoch.Check out the Rock 'n' roll film festival, Kenya TV Channel!
http://kenyarockfilmfestivaljournal. blogspot.com _______________________________________________
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