Kulangwa Ltd is a copperbelt based company specialised in communication technology. The company's major clientele are the
Question:
Kulangwa Ltd is a copperbelt based company specialised in communication technology. The company's major clientele are the two mining giants Konkola Copper Mines Plc and Mopani Copper Mines Plc. There is great uncertainty for the company regarding their business prospects with respect to the prospecting sales tax and the recent happening at Konkola Copper Mines Plc which has been placed under provisional liquidation. Further, the company is facing eminent obsolescence of its technology due to major ground breaking innovations in the ITC world. The Mopani Copper Mines Plc is also planning to effect huge budget cuts in the wake of the above mentioned happenings. As a strategic management accounting Consultant, you have been approach by Kulangwa Ltd for professional advice on how the company can navigate the current turbulences. Required Provide a strategic management survival business plan report in the context of management accounting following your extensive and thorough review of the situation. Apply the following concepts to discuss the survival plan for Kulangwa.
(i) Introduction (5 Marks)
(ii) Product life cycle (15 Marks)
(iii) Types of financial risk (10 Marks)
(iv) Tailored Financial control measures (20 Marks)
(v) Diversification (15 Marks)
(vi) Boston Matrix (20 Marks)
(vii) Conclusion and recommendations (15 Marks)