INDENI Plans to Cut Dependence on Government Indeni Energy Company Limited plans to stop the dependence on government for survival as a business as the case was in the past when it was called Indeni Petroleum Refinery Company. Board Chairman Watson Lumba says Indeni has come up with a strategic plan that will ensure that the company makes profit as it implements its new role. He therefore challenged workers especially those in the Commercial department to double their efforts in order to compete favorably. Speaking at a press briefing in Ndola, Mr. LUMBA said the company will also employ highly qualified engineers who will be involved in research. He also announced that the company has changed its name from Indeni Petroleum Refinery Company to Indeni Energy Company limited. And Copperbelt Deputy Permanent Secretary Daniel Kamenga called on the new company to contribute to job creation. Mr Kamenga said the idea to change the role of Indeni was meant to make the company profitable. And Company Acting Chief Executive Officer Evans Mauta said his team is ready for the new challenge. REQUIRED A. Using three (3) strategic approaches, advise Indeni Energy Company limited on how they can identify their desired outcomes and formulate feasible organizational plans. B. Describe SMART goals and their practical application on Indeni Energy Company Limited’s stoppage of government dependence for their survival. C. Discuss five (5) stages the teams at Indeni Energy Company limited will undergo for them to perform effectively.
Answers
A. Indeni Energy Company Limited should use the following three strategic approaches to identify their desired outcomes and formulate feasible organizational plans:
SWOT Analysis:This approach entails evaluating the strengths, weaknesses, opportunities, and threats facing the company. It will enable Indeni to identify areas that need improvement and how to leverage their strengths to gain a competitive advantage. They will also identify opportunities that they can capitalize on and potential threats that they need to address.
Balanced Scorecard:This approach enables Indeni to align its activities with its strategy. It will enable the company to measure its performance using a set of metrics that align with its goals. The balanced scorecard consists of four perspectives, namely financial, customer, internal processes, and learning and growth. Indeni should use this approach to measure its financial performance, customer satisfaction, internal processes, and employee performance.
Strategic Planning:This approach entails setting long-term goals and outlining the steps that the company will take to achieve those goals. It involves developing a mission statement, vision statement, and core values. Indeni should use this approach to set long-term goals and outline the steps that it will take to become profitable as it implements its new role.
B. SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound. The practical application of SMART goals for Indeni Energy Company Limited’s stoppage of government dependence for their survival is as follows:
Specific:Indeni should set specific goals that relate to its strategic plan. For instance, it can set a goal of increasing its revenue by a certain percentage.
Measurable:Indeni should set goals that it can measure. For example, it can measure its progress towards increasing its revenue by tracking its sales and revenue.
Achievable:Indeni should set goals that are achievable. For instance, it can set a goal of increasing its revenue by 10% in the next year.
Relevant:Indeni should set goals that are relevant to its strategic plan.
For example, its goal of increasing revenue should align with its long-term goals.
Time-bound:Indeni should set goals that have a timeline. For instance, it can set a goal of increasing revenue by 10% in the next year.
C. The teams at Indeni Energy Company Limited will undergo the following five stages to perform effectively:
Forming:This stage involves bringing the team together and identifying the goals that they need to achieve. Indeni should bring the teams together and outline the goals that they need to achieve.
Storming:This stage involves the team members disagreeing on how to achieve the goals. Indeni should allow team members to express their opinions and encourage them to work together to achieve the goals.
Norming:This stage involves the team members agreeing on how to achieve the goals. Indeni should ensure that team members agree on how to achieve the goals.
Performing:This stage involves the team members working together to achieve the goals. Indeni should ensure that team members work together to achieve the goals.
Adjourning:This stage involves the team members completing the task and moving on to other projects. Indeni should acknowledge the team members' efforts and celebrate their achievements.
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Related Questions
Which type of organzational chart shows the Vice Presidents of Marketing,
Manufacturing, Finance, and Human Resources reporting directly to the
CEO of a company?
Horizontal
Vertical
Functional
Matrix
Answers
Answer:
The correct option is;
Vertical
Explanation:
The organizational structure of most business are either vertical or horizontal
The vertical organizational structure is an hierarchical organizational structure where power comes from the top of the organizational chart towards the lower layers of the chart. The chain of command is adhered to and clearly defined designation of authority and responsibility such that the top most executive layers of the chart make decisions which the lower layers collaborate to put into effect.
in general, advertising is more effective when it ________ than when it ________. relies upon word-of-mouth tactics; relies upon viral marketing tactics tries to create new product preferences; reinforces our existing product preferences reinforces our existing product preferences; tries to create new product preferences relies upon viral marketing tactics; relies upon word-of-mouth strategies
Answers
In general, advertising is more effective when it reinforces our existing product preferences than when it tries to create new product preferences.
What is advertising?Advertising is a type of commercial communication in which a product, service, or idea is promoted or sold through an explicitly sponsored, non-personal message.
Businesses that want to market their products or services are often advertising sponsors. Advertising is more effective in general when it confirms our existing product preferences rather than trying to develop new ones.
Therefore, option B is correct.
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Correcting non-compliance________ Choose one answer. a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency b. Ensures bonuses for all employees c. Both A and B
Answers
Answer:
a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency
Explanation:
Indeed, by correcting non-compliance other employees would learn a lesson that anyone who fails to comply with the company's policy would be corrected (disciplined).
Also, such corrections promote efficiency in the workplace since rules are always complied with.
Suppose that the value of the price elasticity of demand for a product is 2 and its price increases by 16%. What will happen to the quantity demanded? A. It will increase by 8%. B. It will decrease by 32%. C. It will increase by 32%. D. it will decrease by 8%.
Answers
The quantity demanded will decrease by 32%.The correct answer is option B.
When the price elasticity of demand for a product is 2, it indicates that the demand for the product is relatively elastic. This means that a change in price will lead to a proportionally larger change in quantity demanded.
In this case, the price increases by 16%.
To determine the percentage change in quantity demanded, we can use the formula:
Percentage change in quantity demanded = Price elasticity of demand * Percentage change in price
Substituting the given values:
Percentage change in quantity demanded = 2 * 16% = 32%
The result indicates that the quantity demanded will change by 32%. However, the question asks for the direction of the change. Since the price has increased, the quantity demanded will decrease. Therefore, the correct answer is option B: It will decrease by 32%.
It's important to note that the percentage change in quantity demanded is twice the percentage change in price because the price elasticity of demand is 2.
This demonstrates the responsiveness of demand to price changes. The higher the price elasticity of demand, the more sensitive consumers are to price fluctuations.
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PLZ HELP 40 POINTS! Task 2
Online Security
Online privacy and data security are a growing concern. Cybercrime is rampant despite the various security measures taken.
Mention five tools to safeguard users against cybercrime. How do these tools help decrease crime?
Provide the details of how each of these tools work.
Describe how these tools are helping to restrict cybercrime.
Answers
Answer:
1. Keep everything up to date
Many breaches, including the 2017 one at the Equifax credit bureau that exposed the financial information of almost every American adult, boil down to someone leaving out-of-date software running. Most major computer companies issue regular updates to protect against newly emerging vulnerabilities.
2.Use strong, unique passwords
Remembering passwords, especially complicated ones, isn’t fun, which is why so much work is going into finding better alternatives. For the time being, though, it’s important to use unique passwords that are different for each site, and not easy-to-hack things like “123456” or “password.”
3. Enable multi-factor authentication
In many situations, websites are requiring users not only to provide a strong password but also to type in a separate code from an app, text message or email message when logging in. It is an extra step, and it’s not perfect, but multi-factor authentication makes it much harder for a hacker to break into your accounts.
Hey ur another answer
Explanation:
I hope this will help you again
As demand for oil increases and pushes prices higher, more oil shale projects become profitable as a result of the higher price and the quantity supplied increases. This is an example of:
Answers
Higher demand for oil leading to increased prices and profitability of oil shale projects is an example of supply responding to changes in market conditions.
When the demand for oil rises, the price of oil tends to increase as well. This increase in price creates an incentive for oil shale projects to become profitable. Oil shale is a type of sedimentary rock that contains kerogen, a precursor to oil. Extracting oil from shale is more expensive and technically challenging compared to conventional oil drilling. However, as the price of oil rises, the higher price can offset the higher production costs associated with shale oil extraction. As a result, more oil shale projects become financially viable and attract investment.
The profitability of oil shale projects encourages companies to increase their production, which in turn leads to an increase in the quantity supplied. As more companies engage in shale oil extraction, the overall supply of oil in the market expands, helping to meet the growing demand.
This scenario highlights the fundamental principle of supply and demand in economics. As demand increases and prices rise, producers respond by increasing supply to capture the higher profits. In the case of oil shale projects, the higher price of oil makes it economically feasible to extract oil from shale deposits, thus expanding the quantity supplied.
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When an employee is terminated, IS administrators should receive advance notice so that they can ________.
Answers
When the employee is terminated the IS administrators should receive advance notice so that they can remove the user account and password.
By terminated, this means that this employee has ceased to be a worker of the organization. As a person that no longer works there, it would be of no use for them to still have access to company facility.
If the user account and the password is not removed, this employee would be able to find his way into the database of the company. He would still have a hold on confidential information.
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C. George Delivery Co.'s adjusted trial balance shows two expense accounts: Wages Expense with a debit balance of $12,000 and Advertising Expense with a debit balance of $3,000. The journal entry to close these accounts will include a debit to which account(s):____________
Answers
Answer: income summary
Explanation:
1 Determine the cost recorded in the journal for the following situation;
Blazing Co. is looking for a new stove and has narrowed down their purchase to two different stoves.
Stove 1 cost 1,500
Stove 2 costs 1,700
Negotiated cost for Stove #2 1,400
They ran the numbers and decided that they want to purchase stove #1
They were able to negotiate the price on stove #1 to be $50.00 cheaper.
Cost of Stove
Answers
The information that must be recorded in the accounting book of the Blazing Co. company is the final price of stove #1, that is, $1,450.
What is the final price of stove #1?To calculate the price of stove #1 we must discount $50.00 (discount) from its initial sale price.
$1,500 - $50 = $1,450According to the above, its final price would be $1,450
What information do we record in the ledger?The information that we must record in the accounting book of the Blazing Co. company is the price at which the stove was purchased, that is, $1,450.
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debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?
Answers
Answer:
debt
Explanation:
Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
Answers
3eyy1ggh mi y
1uj gyrju3hxif2 2x ce I I b I 6x9
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen
PLEASE HURRY-ITS AN IMPORTANT EXAM AND I'M STUCK ON THIS QUESTION THAT'S PROBABLY HONESTLY UPER EASY!!!! Self-management refers to how an individual organizes their time and work tasks so that they also have opportunities to engage in self-care.
True
False
Answers
Answer:
i think its true
Explanation:
Answer:
true
Explanation:
self meaning me myslef or I management meaning organized or put together.
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in ________.
Answers
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in C. targeting.
In the field of business, targeting refers to the various aspects that a particular business focuses on in order to expand itself. For determining which segments of a business to target, marketers evaluate certain factors such as segmenting the market, choosing the potential customers, focusing on particular marketing strategies, etc.
When marketers research the potential of each segment and decide their strategies based on this research to engage more customers, then they are using the targeting strategy.
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__________ is a growing tool for managers to enhance communication and collaboration in support of empowered or bossless work environments.
Answers
Answer:
The correct approach will be "Social media ".
Explanation:
Social media become web-based communication platforms that always allow the individual to communicate with one another through intelligence sharing as well as consumption. It is an internet-connected communication method whereby the participants build virtual forums to exchange knowledge, ideas, private correspondence, and certain other functionality.Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
suppose you are told that the short run phillips curve has shifted downward. which fo the following must have happened?A) The SRAS curve has shifted to the left B) The SRAS curve has shifted to the right C) The AD curve has shifted to the left D) The AD curve has shifted to the right E) The LRAS curve has shifted to the right
Answers
When the Short run Phillips curve has shifted downward, it suggests that the SRAS (Short run aggregate supply) curve has shifted to the left. Thus, the correct answer is option A.
According to the Phillips curve, unemployment and inflation have a steady inverse connection. According to William Phillips' theory, inflation follows the economic expansion and should result in more jobs and lower unemployment.
The Phillips curve's underlying theory contends that changes in unemployment within an economy have a predictable impact on inflation of prices. The inverse link between inflation and unemployment is represented as a concave, downward-sloping curve, with unemployment on the X-axis and inflation on the Y-axis.
Therefore, option A is the correct answer.
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How do the elements of the marketing mix work together to help create a
marketing strategy?
Answers
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
Suppose Columbia Sportswear Company had accounts receivable of $300,612,000 at January 1, 2022, and $215,357,000 at December 31, 2022. Assume sales revenue was $1,232,059,000 for the year 2022.What is the amount of cash receipts from customers in 2022
Answers
The amount of cash receipts from customers in 2022 is $1,317,314,000
What is cash receipt?This is an acknowledgement that cash has been received for goods sold.
Amount of cash receipts from customers in 2022
= Beginning sales + Sales revenue - Ending balance
= $300,612,000 + $1,232,059,000 - $215,357,000
= $1,317,314,000
Hence, the amount of cash receipts from customers in 2022 is $1,317,314,000
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Suppose Americans began purchasing real assets in Europe. How would this impact the foreign exchange market for the euro and the dollar price of the euro?
Demand for euro / Dollar price of euro
Decrease / Increase
Increase / Decrease
Increase / Increase
Decrease / Decrease
Decrease / Not Change
Answers
The correct answer is "Increase / Increase." If Americans began purchasing real assets in Europe, there would be an increase in demand for the euro, likely result in the increase in the very dollar price of the euro.
When Americans purchase real assets in Europe, they need to exchange their dollars for euros to make the purchase. This increase in demand for euros will cause the exchange rate to rise as there will be more buyers than sellers of euros, increasing the price of the euro in dollars.
This scenario assumes that all other factors affecting the exchange rate remain constant, which is not always the case in the real world. There are many factors that can affect the exchange rate, including interest rates, inflation rates, political events, and economic performance, among others.
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In the short-run, a decrease in wage rates in an economy would
increase aggregate supply.
decrease aggregate supply.
cause a movement up the AS curve.
cause a movement down the AS curve.
not impact aggregate supply.
Answers
option A is the correct solution: a decrease in wage rates in an economy would increase aggregate supply.
Why it is?
In the short-run, a decrease in wage rates in an economy would increase aggregate supply. When wage rates decrease, the cost of production for firms decreases, making it more profitable for firms to produce goods and services.
This leads to an increase in the quantity of output supplied by firms, which in turn increases aggregate supply. The relationship between wage rates and aggregate supply is depicted by the upward sloping aggregate supply curve, which shows that a decrease in costs of production, including wages, leads to an increase in aggregate supply.
Therefore, option A is the correct answer: a decrease in wage rates in an economy would increase aggregate supply.
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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Answers
According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic
What are the differences between mergers and acquisitions?
What are the pros and cons to mergers and acquisitions?
Answers
Mergers and acquisitions (M&A) are two different strategies used by companies to achieve growth and gain competitive advantages.
Mergers refer to the combination of two or more companies to form a single entity, while acquisitions refer to the purchase of one company by another. In a merger, the companies involved typically combine their resources and assets to form a new company. In an acquisition, one company acquires another and may absorb or integrate its operations into its own.
The benefits of M&A include increased market share, economies of scale, and access to new markets or technologies. However, there are also potential drawbacks, including cultural differences, increased debt, and integration challenges. Additionally, M&A can sometimes lead to job losses and disruption for employees.
Thus, M&A can be a powerful tool for companies to achieve growth and strategic goals. However, careful planning and execution are necessary to ensure success and avoid potential pitfalls.
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Why can communicating with someone with a different background than yours present challenges?
Answers
according to the resource-based view, the collective store of useful experience, wisdom, and knowledge possessed by an organization's people is referred to as multiple choice question. structural capital. natural resources. team potential. history.
Answers
The collective store of useful experience, wisdom, and knowledge possessed by an organization's people is referred to as history.
According to the resource-based view, the term "history" represents the collective store of useful experience, wisdom, and knowledge that an organization's people possess. It refers to the organization's past actions, decisions, and outcomes, which shape its capabilities, culture, and learning over time.
History encompasses the lessons learned from past successes and failures, the accumulated knowledge and expertise of employees, and the organizational memory that guides decision-making and strategy development. It includes the understanding of what has worked in the past, the organization's unique insights, and the ability to adapt based on past experiences.
This historical knowledge and experience provide organizations with a competitive advantage by enabling them to make informed decisions, avoid repeating past mistakes, and leverage past successes. It contributes to the development of core competencies, fosters innovation, and enhances organizational learning and adaptation.
In summary, history, as per the resource-based view, represents the collective experience and knowledge of an organization's people, which serves as a valuable resource for strategic decision-making, learning, and innovation. It is an essential component of an organization's intangible assets and contributes to its competitive advantage.
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Trey has $5.00, he needs gas and he needs to eat lunch. He can only do one for $5.00 not both or part of both. Trey buys gas to go home. What is his opportunity cost? What is the alternative not chosen by trey?
Answers
Answer:
Tray's opportunity cost is not being able to purchase lunch, the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.
The opportunity cost of buying gas is Trey would not be able to eat lunch. The alternative not chosen by Trey is eating lunch.
What is opportunity cost ?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. More effective implies that you forfeit the chance to engage in a different activity if you choose one.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.
When the value of the next best alternative is computed and the alternative chosen, the term "opportunity cost" is used to explain it best.
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
This is accounting. HELP PLEASE I'M BEGGGING
How does GAAP help businesses internally?
A. it assists taxing authorities on how much to tax them.
B. It gives imvesters a better idea on the progress of a business.
C. It helps managers improve analyis an make strategic decisions.
D. It helps suppliers know they will receive the money they owe.
Answers
Answer:
I believe the answer is B
Explanation:
The Gini-Coefficient provides a quantitative measure of? 1) the rate at which prices are increasing in an economy over time 2) the rate at which a society is depleting its natural resources 3) average levels of income in society 4) income equality/inequality within a society
Answers
The Gini-Coefficient is a statistical tool used to quantify income distribution and inequality within a society. Option (4)
It measures the extent to which income or wealth is unevenly distributed among the members of that society. The coefficient ranges from 0 to 1, where 0 represents perfect equality, and 1 represents perfect inequality.
Gini-Coefficient is an essential tool for policymakers, social scientists, and governments to understand the distribution of income within a country. It enables them to identify areas of inequality, such as socioeconomic inequality, and take appropriate measures to mitigate them. High levels of income inequality have been associated with social unrest, crime, lower overall economic growth, and reduced social mobility.
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Establishing an online professional network is an important tool for locating career opportunities in the twenty-first century.
False
True
Answers
Answer:
I say your answer option is true. I'm so sorry if my answer ends up being wrong. I tired my best
Answer:TRUE
Explanation:
FOOD;
1.how to reduced food?
2.how to reused food?
3.how to recycled food?
WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?
please