Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The management of a bank observed that the disruption of the bank ATM services was due to the age of the machines. Data on ATM failure is as follows:
| Year after replacement | 1 | 2 | 3 |
|---|---|---|---|
| Cumulative % of failures | 30% | 75% | 100% |
It was further observed that 1,000 units of these machines are in use nationwide and they can be replaced collectively for N5 million per machine. If replaced individually, they cost N30 million per machine.
You are required to calculate:
a.
i. Average machine life (2 Marks)
ii. Average number of replacements per year (2 Marks)
iii. Cost of individual replacement per year (2 Marks)
iv. Cost of mass replacement at the end of the year (12 Marks)
b. Determine the best replacement strategy (2 Marks)
Find Related Questions by Tags, levels, etc.
Strategy in the public sector differs from that in the private sector because:
A. They do not have customers
B. They do not have stakeholders
C. Planning horizons are determined by political considerations rather than market conditions
D. They do not have to make a profit
E. They do not manage cost
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Edwin is concerned that the current skill sets of his directors are not sufficient to drive any change management in SBL. At a discussion during a board meeting, the directors vehemently disagreed.
Required:
Explain to SBL’s board, using the Rosabeth Moss Kanter theory, suggested skills that managers should have in order to change-adept to help improve profit. (10 marks)
Find Related Questions by Tags, levels, etc.
The company is facing increasing competition in its drive to remain the market leader and sustain the current competitive advantage. The market intelligence report commissioned by the board points to a highly competitive outlook. An industry analysis based on the current available information is required by the board, and the CEO has been requested to prepare a detailed presentation for the next board meeting.
Required:
Evaluate how the competitive environment of COM will affect the realization of the company’s BRIGHT strategy.
Find Related Questions by Tags, levels, etc.
The board members discussed the future of the BRIGHT strategy of the company in the context that the strategic position of the company continues to evolve at a rather unpredictable rate. The board is interested in gaining a thorough insight into the factors that will pose material downside and upside risk to the strategic position of the company. The chairman of the board would like to discuss the draft memorandum of the company’s strategic position with the CEO prior to the next plenary board meeting.
Required:
Prepare a draft presentation explaining to the Board Chairman the current factors that are negatively impacting the strategic position of the company from the general external environment and internal perspectives.
Find Related Questions by Tags, levels, etc.
At the First Quarter 2021 Board meeting, the performance of the company was reviewed following a comprehensive presentation of the financial performance for the year ended 2020 by the Chief Executive Officer (CEO), Elikem Cubbagee. Although the directors were generally satisfied with the performance of the company and the presentation, they expressed concern that the performance of the various services provided by the company was missing in the presentation.
Required:
You are an Advisor to the Board Chairman, and he has directed you to write a report assessing and classifying the various services provided by the company using the Boston Consulting Group (BCG) Matrix. The report should include recommendations of an appropriate strategy or action the board should pursue with respect to each of the services classified in the report. Your report should contain an appendix showing the detail computations supporting your classification of the services.
Find Related Questions by Tags, levels, etc.
(a) Managing stakeholders’ interests can be a challenging task for managers. Mendelow proposed a model of mapping each stakeholder’s power and interest in order to win particular stakeholder groups for business decisions.
Construct the 2×2 interest/power matrix and recommend approaches for dealing with each stakeholder group. (14 Marks)
Find Related Questions by Tags, levels, etc.
An insurance company has developed a new mission statement following a detailed analysis of the company’s operations and marketplace. The mission statement states: “We want to continually grow through our commitment to quality and delivering quality to customers.”
The management developed the following set of vision statements to complement the mission statement:
Required:
a) Advise on how the Balanced Scorecard can assist the insurance company in delivering its vision and strategy. (12 marks)
b) Explain FOUR (4) limitations of the Balanced Scorecard. (8 marks)
Find Related Questions by Tags, levels, etc.
a) Asawasi Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been successful in its first few years of operation, sales are now in decline as competition in the industry has intensified and there is greater rivalry between the competing organisations.
A review undertaken by consultants has recommended that in order to gain sustained competitive advantage, the company needs to establish the basis on which it can compete more effectively against its rivals in the future.
Required:
i) Describe the concept of competitive advantage and include references to the different bases Asawasi Company could use to achieve competitive advantage.
(5 marks)
ii) Describe the factors that can create competitive rivalry between organisations.
(5 marks)
b) An introduction of a new technology is an introduction of a new business. This is a statement of fact and evidence abounds in many African economies. The introduction of mobile phones came with space-to-space business and eventually gave rise to mobile money services.
Required:
Using Porter’s Five Forces model, identify the competitive forces that influence the state of competition in the mobile money industry and the profit potential of the industry as a whole.
(10 marks)
Find Related Questions by Tags, levels, etc.
Question:
Strategic planning has been defined as the process of setting objectives for the organisation and laying down the policies which are to govern the acquisition, usage, and disposal of the resources used to achieve those objectives.
Required: Explain the following:
i) Strategy
ii) Policies
iii) Procedures
iv) Budget
v) Rules
(10 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
You are employed by a local company, AllFresh Ltd, specializing in the production and sales of fresh fruit drinks. At a recent Management meeting, a 3-member team was selected to prepare a marketing plan for the company. Your letter appointing you as a member of the team also specifies that you will be chairman of the team.
Required:
Describe the contents of the marketing plan.
(20 marks)
Find Related Questions by Tags, levels, etc.
You have been appointed as the leader of a five-member technical committee to prepare a marketing plan for your company, Quality Fresh Drinks Limited, which is well noted for the production and sale of fresh, natural fruit drinks.
Required:
i) Explain the marketing concept to the other members of the technical committee. (4 marks)
ii) Explain FOUR (4) elements of a marketing plan you would recommend to the technical committee. (8 marks)
Find Related Questions by Tags, levels, etc.
Elevate your professional expertise across key business domains with our comprehensive training programs
Follow us on our social media and get daily updates.
This feature is only available in selected plans.
Click on the login button below to login if you’re already subscribed to a plan or click on the upgrade button below to upgrade your current plan.
If you’re not subscribed to a plan, click on the button below to choose a plan