Discuss ALL possible strategic issues of the case and provide suggested solutions using or applying managerial and strategic tools and concepts.
 
 
 
 
 
 

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Savvy Tech ple is a Ghanaian-based Tech Company and manufacturer of 'wrist-top' computers for personal and industrial use. The 'wrist-top' computer is similar in design to the 'palmtop" and may be used across a similar range of applications, though it is smaller, lighter, more robust and more potable. The 'wrist-top' is strapped to one wrist and is operated by the fingers on the opposite hand. The wrist Organiser 3 Series and the Wrist Voice 1 computers represent the company's key product offerings. In 2022 the company had a turnover of GHe 159 million SavvyTech plc is the Ghana market leader and takes pride in being at the leading edge of emerging technology. For example, Savvy Tech plc was the first to introduce a voice recognition system, so that the user could give instructions by voice, for a 'hand-free' operation. This feature has proved very popular in a number of work environment, such as supermarkets, warehouses, production line, landscape design, and building construction sites. There has been considerable interest in the company within the Ghanaian business environment and this has provided SavvyTech plc with a high profile despite its fairly modest size. SavvyTech ple was established in 1990 by Prof. Emest Kofi Mensah a former Professor at Kwame Nkrumah University of Science and Technology (KNUST) Kumasi, Ghana. The company was floated on the Ghana Stock Exchange in October 2015. SavvyTech ple has had a consistent policy of long-term organic growth since its foundation while the board is chaired by his longtime friend Emeritus, Dr Dickson Agyeman Badu, a renowned governance expert. Table 1: Key Product Introductions by SavvyTech plc (1995-2022) 1995 The original 'wrist-top' introduced (2k RAM,8-Bit) Wrist Organiser 2 introduced Wrist Organiser 3 introduced (128k RAM, 16-Bit) Wrist Organiser 3a introduced (512k RAM) Wrist Organiser 3b introduced (2Mb RAM) Wrist Voice 1 introduced (4Mb RAM) Wrist Voice 2 introduced (SMb, 32bit, email & internet facility) 2012 2016 2017 2018 2020 2022 In the years following floatation, sales have increased by 1250%, and the share price by over 2000% (ten times All -Shares index), a compound growth of around 30% per annum. The company had an extremely successful year in 2020, with substantial increases in turnover of 37% and gross profit of 35%, largely linked to the launch of the 'Wrist Voice 1'. However, 2021 proved to be a much more difficult year for the company, according to the Board Chairman's Statement in the Annual Report for the year. These problems were attributed to the local currency fluctuation and COVID-19 pandemic's negative impact. The company's fortunes saw a major improvement in 2022. Table 2: Key Financial Data for SavvyTech ple (2020-2022) Year 2020 2021 Sales Turnover Pre-tax Profit Net profit Earnings per share Dividend per share GH₂ 142.0 million GHe 11.4 million GH€7.7 million 10.3 pesewas 2.5 pesewas GHe 124.2 million GHe 16.0 million GHe 10.4 million 14.6 pesewas 2.25 pesewas 2022 GH€ 159.0 million GHe23.3 million GHe 18.6 million 24.6 pesewas 2.8 pesewas Savvy Tech ple is a Ghanaian-based Tech Company and manufacturer of 'wrist-top' computers for personal and industrial use. The 'wrist-top' computer is similar in design to the 'palmtop" and may be used across a similar range of applications, though it is smaller, lighter, more robust and more potable. The 'wrist-top' is strapped to one wrist and is operated by the fingers on the opposite hand. The wrist Organiser 3 Series and the Wrist Voice 1 computers represent the company's key product offerings. In 2022 the company had a turnover of GHe 159 million SavvyTech plc is the Ghana market leader and takes pride in being at the leading edge of emerging technology. For example, Savvy Tech plc was the first to introduce a voice recognition system, so that the user could give instructions by voice, for a 'hand-free' operation. This feature has proved very popular in a number of work environment, such as supermarkets, warehouses, production line, landscape design, and building construction sites. There has been considerable interest in the company within the Ghanaian business environment and this has provided SavvyTech plc with a high profile despite its fairly modest size. SavvyTech ple was established in 1990 by Prof. Emest Kofi Mensah a former Professor at Kwame Nkrumah University of Science and Technology (KNUST) Kumasi, Ghana. The company was floated on the Ghana Stock Exchange in October 2015. SavvyTech ple has had a consistent policy of long-term organic growth since its foundation while the board is chaired by his longtime friend Emeritus, Dr Dickson Agyeman Badu, a renowned governance expert. Table 1: Key Product Introductions by SavvyTech plc (1995-2022) 1995 The original 'wrist-top' introduced (2k RAM,8-Bit) Wrist Organiser 2 introduced Wrist Organiser 3 introduced (128k RAM, 16-Bit) Wrist Organiser 3a introduced (512k RAM) Wrist Organiser 3b introduced (2Mb RAM) Wrist Voice 1 introduced (4Mb RAM) Wrist Voice 2 introduced (SMb, 32bit, email & internet facility) 2012 2016 2017 2018 2020 2022 In the years following floatation, sales have increased by 1250%, and the share price by over 2000% (ten times All -Shares index), a compound growth of around 30% per annum. The company had an extremely successful year in 2020, with substantial increases in turnover of 37% and gross profit of 35%, largely linked to the launch of the 'Wrist Voice 1'. However, 2021 proved to be a much more difficult year for the company, according to the Board Chairman's Statement in the Annual Report for the year. These problems were attributed to the local currency fluctuation and COVID-19 pandemic's negative impact. The company's fortunes saw a major improvement in 2022. Table 2: Key Financial Data for SavvyTech ple (2020-2022) Year 2020 2021 Sales Turnover Pre-tax Profit Net profit Earnings per share Dividend per share GH₂ 142.0 million GHe 11.4 million GH€7.7 million 10.3 pesewas 2.5 pesewas GHe 124.2 million GHe 16.0 million GHe 10.4 million 14.6 pesewas 2.25 pesewas 2022 GH€ 159.0 million GHe23.3 million GHe 18.6 million 24.6 pesewas 2.8 pesewas

Answer rating: 100% (QA)

Strategic Issues Market Expansion and Global Presence Issue SavvyTech plc has limited market presence in the US and Asia where it faces challenges due to lack of market knowledge and competition Solut... View the full answer