Being a graduate of management theory and practice from the University of Lusaka, with an MBA degree with Distinction, you have been appointed as the Chief executive Officer (CEO) for Industrial Development Corporation (IDC) by His Excellency President Edgar Chagwa Lungu, what is the first management tool you can use to turn Zamtel into a profit making company? b) You have to recommend the type of board to the President to be appointed to serve. What kind of people would you recommend for him to appoint to serve on the new Zamtel board?
It is now generally accepted that Corporate Governance (CG) is a fundamental management tool that most African countries like Zambia can use in liberating their countries from the evils of corruptions, bribery and would if well managed and applied steer the country into prosperous nation. In addition, for countries like Zambia, the situation is alarming at the rate at which corporate is being implemented especially in the Zambian Parastatals such as ZAMTEL, ZESCO, ZAMPOST, just to mention but a few. Board membership to these companies is based on political patronage. As long as you are educated and you are a very good political cadre, you stand a chance to be appointed to any of these boards by the regimes in power.
However, this trend of bad governance is almost coming up at every point that we have a change of political parties in the country. Therefore the net benefits for these countries are quite bad and these parastatals have ended up being loss making companies. In the last few weeks, both President Edgar Chagwa Lungu and Minister of Power, Transport and Communication, a Mr. Honourable Mushimba acknowledged this publicly at a Ministerial briefing at State House that Zamtel is a loss-making firm.
a) Being a graduate of management theory and practice from the University of Lusaka, with an MBA degree with Distinction, you have been appointed as the Chief executive Officer (CEO) for Industrial Development Corporation (IDC) by His Excellency President Edgar Chagwa Lungu, what is the first management tool you can use to turn Zamtel into a profit making company?
b) You have to recommend the type of board to the President to be appointed to serve. What kind of people would you recommend for him to appoint to serve on the new Zamtel board?
c) What kind of management team would you recommend to be employed and steer the company to start making profits? What management tool should this team use in order to bring Zamtel to the same level as National Airports Corporation which is said to be making profits by the Minister? Please provide reasons why you are recommending such people with examples of their records in their business professions.
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