Business Simulation Score: Africa 91.5%, Egypt 98%, Sudan 95%, Senegal 90% (Part 4)

(Part 4)

After the implementation phase of Rollo, we compared the results extracted from each business and country with a huge amount of data from previous participants' decisions and results to understand the local performance compared to the global trends. Egypt performed the best followed by Sudan, Senegal, Zimbabwe and Cameroon.?

A score of 100 would reflect that the country/team performs inline with the benchmark.?The benchmark is set by accumulation of previous participants inputs/decisions from all over the world.?Above 100 reflects superior performance to benchmark, below 100 indicates less than adequate performance relative to benchmark.?

The CESIM scorecard was custom developed by our partner to portray the Entrepreneurial capabilities of the participating teams. Specifically, it measures along the decision-making processes of each team throughout the 6 rounds of the simulation 8 entrepreneurial capabilities.These 8 capabilities are traced through a variety of decisions made by the team. They are scored against a huge CESIM-held dataset that serves as a benchmark. They are enumerated hereafter, and we can track their sub-set of related simulation decisions.

Entrepreneurial Capability

The data extracted from the simulation indicates that small and medium-sized enterprises (SMEs) in Africa have varying strengths and weaknesses depending on their country. Overall,?African businesses?performed well in budgeting,?money distribution, and risk management. Egyptian and?Sudanese businesses?demonstrated strong understanding of finance and accounting, while businesses in Senegal, Zimbabwe, and Cameroon struggled with pricing, financial goals, and forecasting. On average, the decisions made by?African participants?during the simulation resulted in a relative success rate of 92%, with a range of 70% to 110% and a benchmark of 100%. This information can be used to identify?collaboration opportunities?and create regional partnerships based on real strengths and opportunities.

Informal Businesses

In the simulation, the performance of?informal businesses?was monitored by imposing a quota of 30% informal businesses in each?local bootcamp. However, 80% of these businesses dropped out before or during the first day. The remaining informal businesses, such as Excousia from Senegal performed well and competed with formal businesses in the same environment.

Women-led businesses

Women-led businesses performed exceptionally well in the simulation, with a minimum of 30% of them being shortlisted in all bootcamps. During Rollo Master, 40% of the top 10 companies were led by women. This indicates that women-led businesses can perform just as well as or better than men-led businesses when working in a?fair business environment.

African Diaspora

More than 20% of the selected businesses in the simulation had members from the diaspora. However, none of these teams made it into the final top 10 companies. Interestingly, four out of the five local partners implementing the simulation were founded by the diaspora, highlighting the important role of the?African diaspora?in Entrepreneurship Supporting Organizations (ESOs).