A lot of companies in Africa die in a short period, mostly less than twenty years of existence while organizations in the Western world or more advanced countries stay over a hundred years or more in existence.

The companies that stay over a minimum of twenty years are considered the stable ones, why is this so? Is it the brand, market size, consumer behavior or management approach?

Can we say those in the Western world understand business principles better or they are a different set of species?

To all these questions I, will say a big NO