Adapting to Political Uncertainty: Lessons For African Businesses
Given the ongoing political unrest Kenya continues to face, it is essential for businesses to find ways to mitigate loss and adapt to uncertainty. A recent article on Harvard Business Review
provides insights that can guide companies during such volatile times. Through examining Brexit as a case study, the authors highlight valuable strategies that can be adopted by businesses like those using Duka Brain, Africa’s pioneering customer data and lead generation platform.
Assessing Political Turmoil and Overcoming Challenges
Businesses worldwide need to modify their strategies and plan of action according to political shifts as per the suggestion of Benjamin Laker and Thomas Roulet. This involves:
- Assessing the severity and extent of uncertainties.
- Examining the specific markets the firm operates in.
- Continuously making necessary adjustments for sustained operational effectiveness.
These principles align perfectly with the ethos at Duka Brain. Our platform allows businesses to connect with their customers real-time and effectively tailor personalized messages and offers, which ultimately improves sales even amidst unpredictable political climates.
The Benefits of Ecommerce During Political Instability
The uncertainty brought about by political events can lead to businesses closing their physical doors temporarily or even permanently. This has been evident in Kenya, where companies had to halt services following massive demonstrations.
However, brick-and-mortar businesses transitioning into ecommerce can significantly benefit from incorporating Duka Brain in their strategies:
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Enhance digital advertising: Duka Brain boosts advertisement performance on platforms like Facebook and Google using real-time data analytics. Technological adaptation plays a crucial role in navigating through volatile landscapes.
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Improve sales: Even amidst political turmoil, Duka Brain can help increase revenues by up to 10× through its innovative lead generation platform.
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Increase customer retention: By providing personalized messages and offers, Duka Brain assists in maintaining customer loyalty, a critical factor for businesses during periods of political discord.
Strategies to Mitigate Loss
In the context of Kenya, or any region going through political instability, a few strategies can be adopted by businesses to minimize losses:
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Ecommerce Transition: Adopting ecommerce during ongoing demonstrations can ensure a much-needed continuation of services.
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Customer Engagement: Real-time communication facilitated by Duka Brain helps obtain feedback and lets businesses cater to their customer's needs more efficiently.
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Data Driven Decisions: Duka Brain’s data analytics functionality allows a deeper understanding of customer behavior, thereby aiding in making informed strategic decisions.
These solutions not only help companies weather the political storm but also place them in a position of strength for the future.
Harvard Business Review's
discussion may focus on companies coping with uncertainties like Brexit, but the lessons are invaluable for African businesses grappling with local political uncertainties. By embracing ecommerce and customer data solutions like Duka Brain, businesses can ensure resilience and position themselves for growth in the face of adversity.
Contact us at Duka Brain and discover how we can assist your business to flourish even in rising political unrest.