Extended thoughts on Reflections with Michael Joseph...
from @gmeltdown
http://www.gmeltdown.com/2010/1...on-reflections-with.html1. (tweet) Peculiar site to see MJ of Safaricom in blue jeans
2. (tweet) Per minute billing would have made more business sense but Safaricom could not afford the system then
3. One more lesson - please don't surprise your customers - not even for free things
4. MJ admits M-PESA, okoa jahazi, Sambaza etc were not invented in Kenya
5. 2m pounds went into the initial MPESA software by Vodafone - after some DfID competition
6. Success of #MPESA is not the technology, it is the distribution network
7. IT guys have learnt the art of giving excuses when things go down
8. There is no redundancy for the TEAMS cable - where it lands in mombasa - Plans to arrange for redundancy in Dar es Saalam
9. MJ thinks Safaricom will win the 'War' with Airtel Bharti - prefers not to call it 'Price War'
10.
Best advice MJ got was 'You have to make decisions yourself' even if once in a while you go wrong11.
MJ of Safaricom has never read more than 5 pages of any business book ->
I was forced to read many such pages for my MBA. I think experience is an expensive teacher. No further comments12. MJ is not a great fun of social media. He thinks his successor is though
13. MJ appeals to bloggers and others to use social media sensibly - not to spread falsehoods etc
14. MJ would not consider outsourcing customer care - it is so tempting yet so critical as far as he is concerned
15. For BPO we cant just rely on the fact that we speak english, or are in a good time zone. We have to deliver quality
16. To MJ, this BPO thing is overrated in Kenya's vision 2030 - I also agree
17. Safaricom expects payback from their base stations within one year, most of them pay back within 6 months
18. Solar energy for BTS makes sense only when air cooling is not required - I didnt know that
19. MJ would indulge in local capacity building only because it makes financial sense
21.
MJ of Safaricom never believed in the idea of changing ringback tones. Now regrets ceding more revenue share than would have allowed22.
MJ of Safaricom now asserts that MKESHO is his (personal) idea - interesting < Great revelation.
23. Safaricom's deal with Equity on MKESHO ends next year - that should be good riddance to some
24.
Safaricom CEO @iHubNairobi,we will be launching M-PESA buy goods on Friday,u can pay for shopping @Uchumi with M-PESA25. 700,000 M-KESHO accounts in three months other banks want to cash in also
26. Safaricom will make it possible to pay for items via MPesa from Friday at Uchumi branches
27. Safaricom needs the banks - will address the exclusivity issue. They probably will not do it with Stanchart or Stanbic
28. I like MJ's passion around #MPESA, gets carried away by the topic
29. Really what's business enabling about paying a license to a regulator?
30. Consistency of management contributed to safaricom's market share staying at 80% over a couple of years
32.
MJ of Safaricom thinks he is one person that does not admit defeat at all