Reverse Engineering Techniques and Applications

This assignment provides a comprehensive overview of reverse engineering techniques and their applications across different domains. It delves into the world of technology, highlighting the use of reverse engineering in software development, cybersecurity, and data analysis. Additionally, it explores the biological and ecological aspects of reverse engineering, including its application in understanding complex systems and improving products. The assignment also touches upon the importance of innovation and creativity in reverse engineering, making it a valuable resource for students and professionals seeking to understand this multifaceted field.

Reverse Engineering the
Future
(REF)
Cover Page
1

Table of contents
Table of contents.................................................................................................... 3
List of Figures......................................................................................................... 4
List of Tables........................................................................................................... 4
1. EXECUTIVE SUMMARY.....................................................................................5
2. INTRODUCTION............................................................................................... 6
3. Quality of leadership within CENTLEC to reverse engineer the future of business6
5. The principles and frameworks of “blue ocean” strategy in CENTLEC Company 12
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6. Recommendations for future trends in the electrical industry...................15
6.1 Political landscape.................................................................................. 16
6.2 Green energy.......................................................................................... 16
6.3 Macroeconomic factors...........................................................................16
6.4 Consumer Behaviour............................................................................... 17
6.5 Legislative change..................................................................................17
7. Description of the application process.......................................................17
7.1 Financial impact on the company............................................................17
7.2 Human development impact on the company........................................17
7.3 Innovation output on company..............................................................18
7. Conclusion................................................................................................ 18
8. References................................................................................................ 19
Your numbering does not make sense? Where is pargraph 4?
3

List of Figures
Table 1: DISADVANTAGES AND ADVANTAGES OF POWER
DIMENSION (Harrison, 1993 p 32 -33 This referencing is NOT inn accordance
with the Harvard system? )…………………………………………………10
4

List of Tables
Figure 1: capital expenditures.............................................................................11
5

1. EXECUTIVE SUMMARY
A steadfast, economically competitive and environmentally balanced electricity
system is the keystone of a modern society. The Fourth Industrial Revolution
reference source? builds on the digital revolution and combines multiple
technologies that are leading to unprecedented paradigm shifts in the economy,
business, society, and for individuals. It involves the transformation of entire
systems. The electricity landscape is a prime example of the Fourth Industrial
Revolution as it undergoes a transformation, becoming more complex than ever
before, with rapidly evolving technologies, emerging innovative business models
and shifting regulatory landscapes.
This assignment discusses reverse engineering as a process used by the
mechanical and electrical engineer?? You must take a business perspective on the
topic. This significancet grammar! for analysing the design and components used by
competitors??? No. Performing this process the organisation can collect all relevant
information regarding products???. Reverse engineering is used to gain a
competitive advantage. The company can deduct all faulty codes in the software
and replace them with better codes.?/ Further this project discuss about quality of
leadership within CENTLEC to reverse engineer the future of business,
organisation's strategy sustain a desirable future, the principles and frameworks of
"blue ocean" strategy in CENTLEC company, recommendations of future trends in
electrical industry, financial impact on the company, human development impact on
company, innovation output on company. You have really not provided a sound
understanding of the assignment and the topic above?
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2. INTRODUCTION
the reverse engineering into which any man made object or device is deconstructed
to reveal its design and architecture and gaining extract knowledge of object with
similar scientific research. The significant for analyzing the design and components
used by competitors. Performing this process organisation can collect all relevant
information regarding products. Reverse engineering is used to gain a competitive
advantage. Reverse engineering can be viewed to be the reverse of innovation. The
method of captivating something that has already been formed and reckoning out
how it was done is possibly innovation's converse.
Further, the process of contemplating innovation as reverse engineering, it
revolutionizes predictable reasoning. It is important to understand how a product or
service works, equally there is a need to understand their functionality as well.
The significant for analyzing the design and components used by competitors.
Performing this process organisation can collect all relevant information regarding
products. Reverse engineering is used to gain a competitive advantage. The
company can deduct all faulty codes in the software and replace them with better
codes.NO
A utility such as CENTLEC in the energy sector must initiate the procedures of
transposition, and transmitting themselves toward a more operative and successful
future, the toughest portion of which success is happening. The goalmouth of the
reverse engineered future is to realize the desired goal that each employee
concerned embraces an extreme honour.
There are five components for the suspension of beliefs to build the future and
release the past, the method that undertakes that the idea is possible and to great
extent is predictable assumption that it will materialize. The components include
vision, values, mission statement, and objectives to achieve the plan and finally
achievement strategy that eases getting the goals.Unclear
There is a serious misunderstanding of this topic. Kindly look at the course material.
3. Quality of leadership within CENTLEC to reverse
engineer the future of business
Effective managing needs leadership. It is possible that the function and behaviour
of the leadership and manager can be segregate. It is known that a manager can
plan, organise, direct and control different activities and operations of the business,
but, a leader helps employees to inspire their trust and confidence on him or her
with earning maximum co-operation from them to arrange their activities in an
organised manner. Specifically, managerial leadership is the behaviour that evokes
wilful follower action beyond that associated with the required performance on a job
(Jaques, 2017).
There are five types of power in the leadership, which helps the leader to feel that
they are a very good position in the organisation and have the right to influence
others behaviour in the venture. The five bases of power were identified by John
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French and Bertram Raven in the early 1960's that are Coercive, Reward,
Legitimate, Expert, and Referent. Currently, in Centlec there are two powers in
the management leadership that are used as and when required not as a
principle namely: Reward and Expert. This has unfortunately no relevance to
REF
Company extract the relevant information from the product and mechanical
engineer apply that in development of software. As per Chen et.al., (2018) this
process minimise the cost of operation, which results in increasing overall
profitability of CENTLEC. Reverse engineering help in deducting faulty code in
software and replacing them with better code. This helps the company in
identifying the various alternative sources to identify the fault codes.
This source is used to reveal the technology adopted by competitors to produce
products. Hacker uses this process to crack software to remove their copy
prevention as stated by Morris (2016). This technique is adopted by CENTLEC to find
out the weakness in an operating system specifically for outage management to
address power outages. Reverse engineering is used to analyse information system
to identify the hidden aspects in the system. It helps in analysing the strength and
threats of Competitor Company. This process identifies weakness in existing
products and provides measures to improve that product.
Leadership play the major role in the growth and development of CENTLEC
Company. Leader guides their employees to successfully accomplish the goals of
the organisation. They are responsible for the failure and success of the
organisation as included by Coyle (2016). The leader should be confident enough in
order to ensure that employees follow their instructions. They should be
compassionate and motivate enough to achieve the target of the organisation. The
wise leader encourages employees to actively participate in the decision-making
process.
The future world of work will be very complex and will be responded according to
fluctuations. It is important for the individual to understand the circumstances a
situation of future work because the trends are changing and therefore it is
important for the individual to comply and use of managerial leadership skills.
Further, handing the situation with the help of one concept is kind of difficult if
compared to changing future circumstances (Bolívar, 2017).
CENTLEC company undergo various changes, in order to deal with changing
environment leaders should be flexible. They must adopt different leadership styles
based on situations, context. Leaders should welcome suggestion and ideas of
employees. They are responsible for every activity of the organisation. As
explained Ghassemi Toosi (2018) Leaders direct and instruct team members to
accomplish goals and target of the organisation. Compassion and commitment are
the strength of the good leader. The look after the requirement of team members in
order to motivate and direct them. Leaders adopt a leadership style according to
the situation. Team members expect that their leader should make a fair decision.
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This process helps in describing the current business environment. Technology
plays major in this dynamic environment. This help in reaching large people in a
short time. Technology facilitates communicating with people living in different part
of the world. They can now easily share ideas and information with each other.
Multinational companies operate in a dynamic environment elaborated by Palm,
(2014). CENTLEC Company designs their products especially on metering or bulk
meters and services according to changing the attitude of customer's. Company
adopt various strategies to promote and sell their products in the market.
VUCA stands for volatile, uncertain, complex and ambiguous. They are described as
follows:
 Volatile: the business environment is dynamic in nature, highly politicised
with the political interference, preferences of people and services change
continuously. Products such as domestic meters that have been
manufactured 10 years earlier already become obsolete because of change
in market trends. If a company desire to be successful in the long run they
have to accept changing culture. According to Baronio (2016) understanding,
various aspects of business is very essential for a leader. Leaders should be
aware of different alternatives and select the best from the available
alternatives. They are responsible for every activity related to business.
Leaders at CENTLEC should be aware of different alternatives and select the
best from the available alternatives. They are responsible for every activity
related to business. This is one of the most common gap and limitation that is
identified into leadership as leaders at company are not volatile they need to
adopt all sort of changes within their internal process.
 Uncertain: the business environment is unpredictable specifically in the
renewable energy and solar plants, in order to become successful leaders
should predict all favourable and unfavourable aspects of the business. As
per the Priyono, (2018) leaders should be interested in different cultures and
trends. They must motivate employees to recognize the different cultures
and backgrounds of their superiors. Economy experience two-phase inflation
and deflation. These changing trends negatively affect the stock market.
Business environment faces huge consequences because of globalisation.
Changes in economic structure affect events related to business. Changes in
economic structure affect events related to business of CENTLEC. The
environment within which CENTLEC is operating is completely uncertain as
anything could happen at any time so company must be ready for changes.
Leaders need to identify what are uncertain situation so that they could
effectively plan.
 Complex: CENTLEC organisation is affected complex environment forces.
Changing environment has resulted in increasing complexity, according to
Morales (2015). because of technology advancement leaders can deliver
information easily to their team members. The organisation implements
various techniques to promote their products and services. They use different
ways like print media, WhatsApp, Facebook and radio to reach maximum
people in short time. In the current business, situation advertisement has
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also become very complex. Right advertisement help in delivering the right
information to the public. CENTLEC Company has identified high complexity
in all business process. CENTLEC Company has identified high complexity in
all business process so they should try to change their business strategies.
The vision of company that is dealing with foresightedness and insights must
be there within top management as well that would be dealing with
engagement of staff in way of selling future to stakeholders.
 Ambiguous: the relationship between organisation and customers are very
complex and unclear because of the ineffectiveness of the stakeholder
management plan. It is very significant for CENTLEC management to realise
trends in emerging market. CENTLEC company understand the cause and
effect relationship as most of the customers migrated to renewable energy
such as Photovoltaic. Leaders in CENTLEC analyse the attitude of the
customer's towards specific products and implement different strategies in
order to improve the services rendered. As per the Sugimoto (2017)
Company launch products according to the demand of customers. This will
lead to a high level of satisfaction among customer's. It is also required that
company is having leader who is having clear vision and foresightedness.
Thus it would helping them to be clear CENTLEC vision and mission
statement.
4. Organisation’s strategy sustain a desirable future
Organisations adopts various plans and strategies for sustainable growth and
development in future. CENTLEC targets to minimise the operating cost of
organisation and increase the overall profitability. This strategy helps in
achieving current growth without affecting the future resources of the
organisation. CENTLEC implement strong growth strategies in order to achieve
sustainable development. According to Morris (2016), many organisation fail to
achieve their desired target. CENTLEC implement strategies to increase overall
profitability and revenue.
Five pillars were identified to achieve sustain service delivery and financial
sustainability namely: You need to revisit the course material. Apply the Strategy
Management models and seek for gaps in CENTLE
 The operational and Capital optimisation that lead to a culture of
continuous improvement,
 Revenue Enhancement
 Capacitated and empowered workforce
 Optimal Service delivery
 Stakeholder engagement and good governance
It is important to grab the significant opportunity that helps in sustainable growth
and development of the organisation. Managers implement techniques to improve
the production process in order to minimise the cost of operation. CENTLEC has the
powerful and strong infrastructure. It is significant to have synchronization between
different organisational strategies to effectively utilise resources. Leadership skills
should be implemented at all level of management. Leaders identify strategies
related to the growth of customers. CENTLEC company divide customers according
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to 70 % domestic and 30% business. CENTLEC adopt customer focus strategies.
They focus on the basics, capacitate staff with correct structures and systems.
Leaders evaluate the overall performance of the organisation. This includes setting
up of the benchmark. They measure the performance of employees against that set
benchmark. As per the Toosi, (2018). the reputation of the firm is dependent upon
the increasing rate of revenue. Leaders take the necessary steps to renew the
operational process. Strategies are designed according to existing customers
demand. Implementation of customers related strategies help in creating high
impact on the satisfaction level of customers.very little relevance to the set question
Reverse engineer is a process in which product or object is broken down to
analyse its components like the design, architecture. According to Gehl, (2014) this
engineering is also called back engineering. Reverse engineering help in extracting
knowledge from that specific object. This is a type of scientific research and it is
applicable in all fields like mechanical engineering, electronic engineering, etc.
CENTLEC Company performs this process for several reasons. Their main goal is to
analyse the design of the product and service of distributing electricity. This help
organisation to gain information about the product. The CENTLEC carry out this
process in order to perform competitor analysis. Reverse engineering help in
maintaining the vending system software.
The prevailing paradigm define this first in my organization is limiting my future
because the environment is highly controlled by the politicians and the
administrators are overpowered by the politics. CENTLEC is currently undergoing is
defined as power- oriented culture which is defined by (Harrison and Stokes (1992)
as an Organisational culture that is based on inequality of access to resources.
According to (Harrison, 1993) depicts the disadvantages and advantages of power
dimensions which reflects the negative and positive effects of this culture in the
organisation. You must apply the theory to CENTLEC please
Disadvantages Advantages
1. People? give the boss's wishes
the highest priority, even when it
interferes with important work.
2. People? are afraid to give bad
news to the boss who are the
people?.
3. People do not question the
leaders even when they are seen
to be wrong.
4. People with power break rules
with impunity and take special
1. Unifies individual effort behind the vision of
the leader.
2. Can move quickly in the market and make
rapid internal changes.
3. Leverages the knowledge, wisdom and
talent of the leader. How?
4. Can provide direction and certainty; reduce
conflict and confusion in times of
emergency.
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privileges. Information is a source
of personal power and is
restricted to friends and allies.
5. People are promoted by being
loyal to those in power even
when they are not especially
competent.
Table 1: DISADVANTAGES AND ADVANTAGES OF POWER
DIMENSION (Harrison, 1993 p 32 -33)
Figure 1: Road Map to Maximise Revenue (Authors Own) Explain your model in detail
please. You need to focus on the design of an attractive future - vision
These strategies assist both managers and leaders of the organisation. Strategies
are nothing?? but a guideline that helps in increasing profitably of the organisation.
CENTLEC divide customer's on the basis of their nature, attitude and preferences.
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According to Harran (2016) leaders, target customer's on basis of this division.
Customers are generally segmented on the basis of new segmented needs, buying
patterns, etc. other competitive organisations focus on lower end customers. These
strategies help customers in moving to a profitable position. CENTLEC provide order
online facilities to their customers. These techniques help in minimising the serving
cost of customers. Many customers are attracted towards lower cost strategies.
Organisation gets various valuable opportunities to increase the profitability of the
business. Leaders consider alternative growth opportunities related to the core of the
business. In order to minimise the risk leaders adopt effective growth strategies.
Leaders identify various threats in adjacent to options related to growth. Effective
utilisation of resources helps in delivering the high value of services to customer's
included by Atakan (2015). Leader analyses the capabilities of the organisation, for
example, they provide useful advice related to the launching of new services in the
market. Sustainable development strategies play a major role in providing an
outstanding level of customer's satisfaction.
CENTLEC Leaders consider various factors like economic, technological before
implementing one of the above strategies. This belongs in yoru answer to question
1? Customer's focused techniques highlight key aspects of customer's satisfaction.
CENTLEC company provide an outstanding level of customer's service. Employees of
the organisation coordinate willingly with each other in order to deliver quality
products to their customer's. Organisation adopts different structures and strategies
to deliver special services to customers.
The strategic planning approach must be used by company in way of desiring
sustainable future which be containing 5 steps and they are very much important fro
company.
Step 1 is to start planning for what company need to achieve in coming future
Step 2 is to gather all important information that would require to plan and
implementation
Step 3 will be time to making formal decision as per plan and aims
Step 4 will include drafting the planning so that outline is required and established
with priorities.
Step 5 will be that of implementation of all what is plan so that it could be reviewed.
The four building blocks to chain model is use in way of sustainable future
planning that includes role modelling, fostering understanding, reinforcing and
developing talent and skills.
5. The principles and frameworks of “blue ocean” strategy
in CENTLEC Company
This is a set of analytical tool Blue oceans that helps to identify the level of
competition in the market. Blue oceans is the useful tool for new entrants in the
market. This strategy was introduced by Kim and Mauborgne. Blue oceans
suggested various marketing strategies that are very useful for buyers and
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manufacturers. This help in identifying new demands of customer's. This theory
makes competition irrelevant it provide various analytical tools for an organisation
to capture Market quickly. In the market, the company grab opportunities related
to competition. New entrants found this market profitable and enter. Market
become crowded because of increase new entrants. This will reduce the share of
profits of firms existing in the market. Blue oceans denote each and every industry
which is not existing at present included by (Morris, 2016).
The unattained by competition and typical market space. Demand is developed in
blue oceans, there is a great opportunity for development and growth which is fast
and profitable. Within blue oceans, competition is not relevant, as the rules
regarding the game are not said. Blue oceans refer to an analogy which determines
deeper and wider potential of market space that is unexplored. This strategy
promotes innovation in existing products in order to increase sale. Innovation plays
a major role in minimising cost and creating value for both buyers and customers.
Electricity Industry is dynamic, it changes according to the preferences of
customers. Trends in the business market do not remain the same for the long
duration of time. As per the Martin, (2018) customer's preferences continuously
change and develop gradually. The main reason behind the change in market
trends is participants and market gradually develop them. Operations help in
improving market conditions. CENTLEC is experiencing high energy losses from
electricity sales. The utility Market change as a result of customer migration to
alternative energy and grow, these changes attract customers. Innovation has huge
potential to change the existing market situation within CENTLEC area of supply.
Current utility market should not underestimate the capacity of the organisation to
innovate new process.
Blue ocean strategies focus on innovation, it motivates the organisation to modify
their products or manufacturing process. CENTLEC primary goals are to gain
competitive advantage within the province in order to assist small struggling
municipalities. According to Morris (2016), customers demand innovation in
products and in order to meet customers requirement that adopt various strategies
to modify and develop their product and process. To gain competitive advantage
organisation should explore the unused market.
Blue ocean strategy will definitely help CENTLEC engineering department to face
competition in the market in terms of technical and non-technical losses In blue
ocean strategy there are no competitors – it is an incontested market space?.
CENTLEC follow cost-effective competitive strategies. Blue ocean describe the
holistic and realistic face of competition. These strategies are adopted after
evaluation all business circumstances.
Centlec needs a detailed tariff review and a formalized tariff adjustment system that
will take into account:
 Long run marginal costing to absorb the CAPEX plans
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 Cost of providing electricity (greater than the cost of purchase)
 Compliance with NERSA regulations
 Reliable and quick to respond to purchasing cost
The main business aspect of Centlec’s operations is to ensure that costs of sales are
covered by revenues collected. Energy losses could come out of the imbalance in
the cost of electricity and the revenue from electricity sales if the tariff is not
structured right. Hence on the onset, a tariff benchmarking was conducted
comparing the tariff structure of other municipal/metro electricity supply businesses
of the size of Centlec.
Blue ocean strategies are also known as the value of innovation. These strategies
help in lowering the cost of production and thus creating value for both buyers and
customer's using emphasising on tariff harmonisation. Innovation deals with
continuously removing or eliminating the features that have less value in the
market. Blue ocean strategies help in increasing competition in the market No
inaccurate. This help in dividing the existing demand of customer's. As per the
Coyle, (2016) organisation set the benchmark for other competitors in the market.
Strategies help in meeting up of the existing demand of clients. Innovation in
products helps in avoiding the competition in the market. Business ocean generally
consists of two kinds of ocean one is red and the other one is blue. Industries that
are existing or evolving around an unknown market trend are part of the blue
ocean.
Competitive strategies help in creating the demand in the market they help in
identification of strength and weakness. To achieve high profitability the grab
opportunities from unexplored market space. Some industries are created beyond
the existing trends in the market. Blue ocean plays a major role in expanding the
boundaries of business. Organisation adopts consumer-based strategies, to look
after need and requirement of customer's. To sustain a high level of performance
CENTLEC company maintain a balance between demand and supply. In situations
where supply exceeds the demand, the price of the product will go down. As
explained Martin, (2018) to maintain sustainability in market companies will have to
go beyond the level of competition in the market. Blue ocean provide business with
various opportunities to increase their profitability.
Globalisation has lead to an increase in the supply over demand. Barriers between
the nations have become lenient because of globalisation. according to Martin,
(2018) Information related to products like are easily available to customers.
Change in market trends has reduced the chances of monopoly in the market.
Supply increase because of an increase in competition globally. Statistic provides a
clear view of the increase in demand for product worldwide. Globalisation has given
rise to price wars between competitors, which has resulted in the profit margin of
the industry. Blue ocean help in creating a brand image of the product. Current
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market consists of many similar products and services, customer's use price factor
to differentiate the product from other. Economic up and down has resulted in
overcrowded industries. CENTLEC has adopted various strategies that are related
to the blue ocean.
Strategy Canvas is very basic model which deals with line graphs that will
plot on factors that are against the important for company and overlapping
competitors as well. While blue ocean 4 action framework is that strategic tool that
would be used to reconstruct customer value elements. There are 4 a part like that
of raise that is identifying factors for raising above the standard of industry, create
is that factor which must be created for customer which industry is not having.
Reduce is that factor which is reduce well below standard of company and eliminate
that is which factor must be eliminated.
Figure 1: blue ocean 4 action framework
6. Recommendations for future trends
The Pestle analysis will focus on five different inter-related environments can
be looked over, plus political setting, macroeconomic factor, green energy,
consumer behaviour and legislative changes,
6.1 Political landscape
The political setting will constantly have a posture on CENTLEC; an ever-fluctuating
situation requires robust plans for service delivery,
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6.2 Green energy
The current unstable reserve and demand configurations within the electricity and
energy generation planetary have the potential to change the game, manipulating
CENTLEC’s income base.
6.3 Macroeconomic factors
South Africa's affordability, as well as global and domestic economic factors, have a
comportment on electricity pressure, valuing of feedstock and cost of electricity,
inducing CENTLEC's cost and income base.
6.4 Consumer Behaviour
Increasing electricity prices, environment change and other factors are opening to
move customer behaviour away from outmoded forms of electricity usage to more
lucrative and environmentally friendly alternatives like PV rooftops and other forms
of alternative energy
6.5 Legislative change
NERSA ESKOM, SAPVIA and SAREC business changes and other changes again
impact the environment within which CENTLEC exists
Power sector industries are continuously evolving because of change in factors like
technological, economic and political. This has led to a transformation in the
electronic and electrical industry. CENTLEC is an electrical company that is
operating in South Africa. The five key trends discussed below are digitalisation,
Electrification, Renewal energy, rebalancing of energy and supply demand.
Secondly, a PESTLE analysis will also be discussed.OK
Digitalisation in the field of technology will lead to improvement in the electrical
sector. Aaccording to Palm (2014) companies focus on modifying their strategies
and products according to demands of customer's. Digitalisation creates new
opportunities but it is also a threat. Digital revolution has provided customers with
better various types of benefits. Innovation has helped in removing barriers to fully
utilise the potential of digitalisation as with this people could communicated easily.
Advancement in technology has increased the base of customer's. As per the
Sugimoto (2017). Organisation are motivated to move towards the digitalisation.
Data protection rules have made digitalisation process complicated. All electrical
company has globally adopted the usage of electric vehicles. This has reduced
emission of smoke in the environment. Vehicle electrification has reduced the
demand for fuel. Adopting renewable resources in CENTLEC company has increased
the price of products. This has increased electricity rates in the power market .too
vague
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Renewable energy and diversify supply creates new opportunities and challenges in
terms of the security of the electrical infrastructure. The alternative energy they
bring benefits such as energy mix diversification, with a distributed generation
growing at a fast pace globally and its installed capacity expected in the next
decade form part of integrated resource plan and national development plan.
Consumers demand reshaping power sector. Organisation accumulates all
renewable resources and uses them in process of power generation. Solar and wind
energy are used by organisation across the country. This has resulted in the lower
price of electricity supply. Innovation in technology help in energy storage. Power
sectors have experienced an increase in decarbonisation because of flexible rules
and regulation of government. Power industry can use coal power to generate
electricity. As per the Hodosh (2015), environmental regulation has increased
because of the reduced price of natural gas. Establishing a coal plant is a very
expensive process. This plant requires continuous up-gradation in order to operate
effectively.Ok
Government grants lease for coal plants. Natural gas plays a major role in
standardising the process of power generated plants. Electrical company adopt
various cost-effective techniques to increase their profitability. Reduced prices of
natural gas have encouraged industries to utilise natural gas in the power
generation process. If the low price of natural gas continues, this will reduce
expenses of other resources included by Shwartz (2017). Increase in the production
of gas resulted in the growth of renewable resources. Renewable of energy is
simple and easy. Wind and solar industries consist of a major part in the economy.
In order to organise power sector markets, it is important to adopt renewable
resources in process of power generation.
Rebalancing of energy supply and demand leading to new worldwide security.
Geospatial shifts, a new distribution of powers and energy trade flows will create
challenges and opportunities for energy security.
Electrification will improve the ability of the metro to meet climate goals, optimise
grid infrastructure investment, enable innovation of services and infrastructure,
lastly dramatically will increase productivity and generate economic growth.
Changes in consumer preference have forced industries to adopt policies like
installation of smart meters, sensors, etc. innovation in technology allow two-way
flow of power. As explained by Longstaff (2014) grid modernization requires new
expenditure and justifications. In order to decrease the volume of electrical bills, the
consumer now consumes less electricity or generate power on their own.
Porter 5 forces model is that model which includes 3 factor in
competition and vertical that is of bargaining power.
 Threat of new entrants will be that of fear of new competitors within
company
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 Bargaining power of buyer that is how much buyers are aware of other
competitors of company
 Threats to substitute is the fear of getting over product by some
substitutive which is low
 Bargaining power of supplier is the number of wholesales and middle
men that are available within supply chain.
 Rivalry among existing competitors is the number of competitors and
force which is higher in perfect competitive market.
Figure 2: Porter 5 forces model
7. Description of the application process
7.1 Financial impact on the company
It is significant for the power generating industry to save every unit. Finance is the
most important component of any business. is the indicator of overall success and
development of the organisation. It plays an important role in managing functions
and activities of the business. The growth of an organisation depends upon the size
of the market it captures. Loans can be short term or long term depends upon the
requirement of the company. When a company raise funds through debt it is
important to analyse the schedule of repayment. I have also learnt that there
various factors, which are affected by the process of financing. The organisation has
obligation to repay back the money it has borrowed. I have found that the company
generally repay their money in instalments. Whereas the equity financing
organisation are under no obligation to return money in instalments.
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7.2 Human development impact on the company
Human development plays a major role in the growth and development of an
individual. From this project, I have learned that human resource management help
in improving the living standard of people. Managers provide them with effective
training in order to enhance their performance. I have found that this focus on
satisfying the requirement or desire of the people. They provide them with a various
alternative to increasing the level of productivity. I have realised that the growth of
income is very significant for the overall development of the individual. The human
development provides the individual with opportunities to live lives they desire for. I
found that development of skills help people to improve performance. Managers
educate employees that will help them develop abilities. Human development is the
choice of organisation. Training and development programs motivate individuals to
fully utilise their potential. The human development process is adopted by a various
organisation to increase the productivity of employees.
7.3 Innovation output on company
Innovation help in increasing the productivity of the organisation by implementing
the new process. From this project, I have learned that innovation has various
benefits that help in increasing the performance of employees. This is the key
strategy adopted by an organisation to achieve success. I have found that
innovation reduces the cost of operation and help in increasing the market share of
the company. Innovation deals with modification in existing product or process
according to the demands of customer's. This provides help people to solve their
problems. Failure in the process of innovation can lead to loss of company share in
the market. Innovation help business to gain competitive advantage.
Implementation of this strategy depends upon the type of business we are
operating. From this project, I have found that innovation help in increasing
revenue of business and it also increase the overall profitability of the organisation.
The business environment is dynamic in nature it changes according to the need of
customer's. To satisfy customer's, requirement, company adopt innovative
strategies.
7. Conclusion
This project concludes with the importance of reverse engineering in the
mechanical and electrical engineering field. The company adopt various leadership
skills to increase the productivity of the organisation. CENTLEC Company has
adopted the VUCA style of leadership. VUCA stands for volatile, uncertain, complex
and ambiguous. CENTLEC follow cost-effective competitive strategies. Blue ocean
describe the holistic and realistic face of competition. Blue oceans refer to where
the market has the least numbers of competitors. This provides the company with
the various type of competitive advantages. Business is dynamic in nature. It
changes according to the needs of customers. They demand different types of
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products and services. Suppliers supply products to satisfy the desire of the
customer. This project also states that innovation plays a major role in the growth
and development of the organisation.
8. List of References
Books and Journals
Baronio, G., Harran, S. and Signoroni, A., 2016. A critical analysis of a hand orthosis
reverse engineering and 3D printing process. Applied bionics and
biomechanics, 2016.
Coyle, S.M., 2016. Reverse engineering GTPase programming languages with
reconstituted signaling networks. Small GTPases, 7(3), pp.168-172.
Gehl, R.W., 2014. Reverse engineering social media: Software, culture, and political
economy in new media capitalism. Temple University Press.
Ghassemi Toosi, F., et.al., 2018. Reverse engineering the blockchain as illustrated
using eigen decomposition.
Hodosh, J.E. and Leek, T.R., 2015. Repeatable Reverse Engineering with PANDA. MIT
Lincoln Laboratory Lexington United States.
Li, F., Longstaff, A.P., Fletcher, S. and Myers, A., 2014. Rapid and accurate reverse
engineering of geometry based on a multi-sensor system. The International
Journal of Advanced Manufacturing Technology, 74(1-4), pp.369-382
Martin, B.T., Munch, S.B. and Hein, A.M., 2018. Reverse-engineering ecological
theory from data. Proc. R. Soc. B, 285(1878), p.20180422.
Morales, V.L et.al., 2015. Reverse engineering of biochar. Bioresource
technology, 183, pp.163-174.
Morris, J., 2016. Reverse Engineering a Kinetic Model of a Dopaminergic Neuron to
Apoptosis.
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Palm, M.M.M., 2014. High-throughput simulation studies of angiogenesis-Reverse
engineering the role of tip cells and pericytes in vascular development.
Mathematical Institute, Faculty of Science, Leiden University.
Priyono, E., 2018. Reverse Engineering High Drag Bomb. Jurnal Industri Elektro dan
Penerbangan, 2(3).
Roskosch, D. and Atakan, B., 2015. Reverse engineering of fluid selection for
thermodynamic cycles with cubic equations of state, using a compression heat
pump as an example. Energy, 81, pp.202-212.
Sugimoto, M et.al., M., 2017. Metabolomic profiling as a possible reverse
engineering tool for estimating processing conditions of dry-cured hams. Journal
of agricultural and food chemistry, 65(2), pp.402-410.
Wu, Q.C., Chen, Y.H., Huang, B.H., Xia, Y. and Song, J., 2016. Reverse engineering of
a nonlossy adiabatic Hamiltonian for non-Hermitian systems. Physical Review
A, 94(5), p.053421.
Shwartz, O et.al., , 2017, November. Opening Pandora’s box: effective techniques
for reverse engineering IoT devices. In International Conference on Smart Card
Research and Advanced Applications (pp. 1-21). Springer, Cham.
Chen, C and et.al., 2018, May. Reverse Engineering Psychologically Valid Facial
Expressions of Emotion into Social Robots. In Automatic Face & Gesture
Recognition (FG 2018), 2018 13th IEEE International Conference on (pp. 448-
452). IEEE.
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