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  • Performance Management at Afreximbank B

    Performance Management at Afreximbank B

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    Afreximbank, as a state-owned multilateral development bank, was established in 1992 in response to a growing demand from African countries for financing of both infrastructure and agricultural projects. Over the years Afreximbank has evolved from a specialized bank providing financial assistance to African countries to a financing platform with activities in various areas of the economy. Its portfolio includes infrastructure projects (roads, ports, railways, power plants), agriculture, manufacturing, energy, health, education, among others. Afre

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    Topic: HR management of Afreximbank Section: Management Review My review: The HR function at Afreximbank has successfully implemented its ‘A’ grade HR management and the results speak for themselves. The human resource function at Afreximbank has been highly responsive to the needs of employees in a challenging and dynamic environment. I have been impressed with the performance of the HR function in attracting, retaining, motivating and rewarding a diverse workforce. The HR policy has been aligned with the strategic objectives

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    As a manager at Afreximbank B (the bank that finances African exports to the world), I oversaw a team of 22 project managers in charge of managing projects from start to finish. Our projects were complex and multi-faceted, requiring regular and frequent reporting to stakeholders. My job was to ensure that project progress was tracked, that milestones were met, that the project timelines were adhered to, and that every stakeholder’s satisfaction was assured. Go Here It was a high-pressure situation, with

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    “How can I best ensure that my staff are fully engaged and focused at work? I need an honest, practical and easy-to-follow strategy.” This is where it gets a bit tricky, because it’s always hard to be honest with yourself. And for performance management, honesty is one of the best policies. But how to be honest with your own employees? It took a few days of introspection and reflection. I’m a big believer in asking the hard questions. Like, “Do you really feel like this? How does

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    “In recent years, there has been an increasing focus on performance management practices in global financial institutions. This essay will analyze the Performance Management at Afreximbank B. Afreximbank is an African export credit agency with headquarters in Cairo, Egypt. It is a wholly-owned public sector bank that was created by the African Union as a “financial bridge” for the region’s trading partners. The bank’s goal is to facilitate trade by financing the export of African goods. Performance Management is an approach used in

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    In early 2017, Afreximbank B’s Performance Management (PM) Team faced a new set of challenges. One such challenge was the need to establish clear and structured systems to monitor and measure the Bank’s performance for the year ending 31 December 2016 (FY16). go to the website To implement this task, a project was initiated to undertake the work of defining and implementing a new performance framework. The new framework encompassed a series of indicators that would be used for benchmarking purposes. The process

  • Ferrari Shifting to Carbon Neutrality

    Ferrari Shifting to Carbon Neutrality

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    Carbon neutrality is a big trend in the car manufacturing sector as governments are promoting the shift from fossil fuels to electric vehicles. It is challenging as the automotive industry relies heavily on the combustion engine. Nonetheless, Ferrari is taking an innovative approach to this challenge by making a shift to carbon neutrality. The world’s top brand of luxury sports cars aims to offset its carbon emissions for every car sold, which means they will emit carbon-free energy throughout the entire supply chain. This is a remarkable

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    Ferrari has set its goal of carbon neutrality by the end of 2025. The global automotive industry is increasingly considering sustainability as a crucial component of their business operations. While the automotive sector has already made significant strides towards lowering greenhouse gas emissions, it is necessary to take further action to combat climate change. In 2020, the automaker’s carbon emissions from its facilities and supply chain amounted to nearly 10 million tonnes. The target is to reach zero emissions

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    “When I was a youngster, I always thought of Ferrari as a top-level automobile manufacturer, but not as an environmentally conscious company. The brand’s name is associated with fast and powerful cars, with no room for green initiatives. However, that has all changed. Ferrari is now transitioning to a carbon-neutral future. Carbon dioxide is still a pollutant that contributes to climate change, but the automotive industry is now being held accountable for the same. In 2019,

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    “I remember the day when I first drove a Ferrari. I was 13 years old, and I was hooked on the taste of speed.” This was my memory, and it was based on the stories I’d been hearing about this iconic Italian brand for over half a century. In the 1950s, the first Ferrari cars started selling. I was 5 at the time. At that time, Ferrari was all about the dream cars of the Hollywood celebrities and the rich businessmen. click for more A few years later, Ferr

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    (5-7 sentences) I have always admired the design and beauty of Ferrari’s sports cars. I own a red 2014 F430 which I love because of its sleek lines, power, and the sound it makes when accelerating down the street. However, I would like to express my dismay at the environmental impact of the F430. In today’s world, cars are powered mostly by fossil fuels, which are nonrenewable and have a considerable impact on the environment. I recently discovered that

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    God’s plan for us is a world where every species, every person, and every inanimate object enjoys a good life. But, in this world, people often endure great hardships, starving to death because of scarcity, poverty, or inequality. The world has turned cruel for so many people. Yet, humans have a natural instinct to care for the well-being of our fellow human beings. We do not have to be born in privileged circumstances to understand that there is something more than wealth that can make a difference in human

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    I am Ferrari, an Italian supercar maker, and here to introduce you to its ambitious plan for a carbon-neutral future. In 2014, the company joined the Paris Agreement, setting a target to reduce greenhouse gas emissions by 15% by 2020 from 2006 levels. Since then, it has made significant strides in that direction, reducing carbon emissions by an average of 11.2% per vehicle, and achieving carbon neutrality for its entire global operations. However

  • Intrapreneurship Note

    Intrapreneurship Note

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    intrapreneurship is the act of taking initiative and taking over a company’s processes to create new solutions, improve operations, and enhance the culture. This approach is becoming increasingly popular, especially in startups and emerging companies. The first example I am going to present comes from IBM, a well-known multinational corporation. IBM is known for its innovative and disruptive approaches, and intrapreneurship is one of its most successful. In the summer of 2020, the company announced the formation of

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    “Intrapreneurship is a management approach where an employee can take a startup initiative within an established organization and work as an employee within that organization while being a member of an external venture. In the past, Intrapreneurship was more of a dream than a reality. There was no evidence of its feasibility, but as per the Porter’s model, Intrapreneurship became a reality. In this approach, an employee is allowed to take initiatives and to develop a project in a start-up venture in the organization without necessarily

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    In my personal experience as an Intrapreneur, here are some interesting facts to share: 1. The following are a few reasons why Intrapreneurship is a significant factor for many companies today: a. In the past, organizations that sought external investment and venture capital were known as ‘outsiders’. Today, they are termed ‘inside-outsiders’, which means they are those who come from within the organization and seek to drive innovation and growth. For instance, Walmart was an outsider and went through a

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    The Intrapreneurship Note is a document created by my team that explains the concept of intrapreneurship in a corporate environment. In this document, we present our analysis of the benefits and challenges that can arise from a company adopting this new form of innovation and organization. Benefits of Intrapreneurship 1. Increased R&D investment and faster product development Intrapreneurship enables a company to take advantage of its internal R&D capabilities without the need for external investments

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    In this Intrapreneurship Note, I will explain the key factors that play a significant role in the development of Intrapreneurship, including the different types of Intracapital and how they interact, how the CEO’s position influences the Intrapreneurial behavior, the different roles of Intracapital and Intrapreneurship teams, and the impact of Intrapreneurship on the overall organizational structure and culture. 1. Different types of intracapital and how they interact The int

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  • Bonnier News Group Sustaining Profitable Digital Growth

    Bonnier News Group Sustaining Profitable Digital Growth

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    Growing the Bonnier News Group sustainably over the last 14 years has been a challenging yet exciting journey. It has required hard work, dedication, and the right balance between innovation and legacy. One of the key innovations we introduced was investing in digital capabilities. Since then, we’ve been able to improve the performance of all business units by 5-10% through the consistent use of digital channels. Digital has transformed the marketing mix and allowed us to create highly efficient and effective marketing campaigns. We

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    In 2013, Bonnier News Group (BNG) began implementing new digital-marketing and digital-media strategies to transform its print-media operation. In 2014, BNG made the bold decision to consolidate its brands under the Bonnier News brand — a bold step that resulted in significant changes in editorial strategy, audience engagement, and digital-sales performance. Today, BNG has become one of the world’s leading digital-media companies. The following is a 160-word conversation with

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    Bonnier News Group, a leading global publisher of high-quality print and online products, was facing significant financial challenges, especially in its magazine division. The business was facing a number of key challenges, including: 1. Increased competition, especially from digital publishing platforms. 2. Changing customer preferences, including the rise of multi-channel media consumption. 3. Pressure to reduce operating costs to improve profitability. 4. Limited revenue growth from traditional advertising and sales of subscriptions. To address these challeng

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  • Untapped Global Financing Africas Missing Middle

    Untapped Global Financing Africas Missing Middle

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    Innovations in Africa are at a feverish pace, but the region still lags behind in accessing capital for startups. The current business cycle in many countries around the globe is a result of too much excess capital – unmet demand from savings to investment for years now. Bonuses This situation could be addressed by the continent, and it’s time to get on it. According to World Bank’s Global Financial Inclusion Index, only 45 percent of the continent’s adult population has a bank account – a gap that has been growing

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    In the past, financial access to small businesses (SMEs) has been a struggle for many entrepreneurs in Sub-Saharan Africa (SSA). Access to finance for these businesses is often denied or slow due to the lack of financial institutions with the necessary expertise and capacity to provide long-term loans. In this paper, we present our research on the demand for financial access and explore the role of alternative finance providers in bridging the gap. click In Africa, traditional banks struggle to reach the small businesses and rural entrepreneurs

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  • George Weston Limited Divesting Weston Foods

    George Weston Limited Divesting Weston Foods

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    George Weston Limited (GWL), a UK-based company, is divesting Weston Foods, a UK-based confectionery company. Weston Foods, with its leading brands, including Cadbury, Fleur de Sel, Finesse, and Weston, is a major contributor to the company’s revenue. GWL has been operating in the confectionery market for 27 years, and it is the world’s largest confectionery company by revenue. GWL is focused on enhancing its profit

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  • Prabhu Murthy Industries To Trust or Not to Trust

    Prabhu Murthy Industries To Trust or Not to Trust

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