Report on Overcoming Psychological Changes in VICSOLAR and SJV Project

This report examines the psychological impacts of a failed joint venture project between VICSOLAR and SJV in Australia. It delves into the emotional and professional challenges faced by employees and stakeholders following the loss of a major government contract, including job security concern...Read More

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 1
OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY
NAME
DATE
INSTITUTION

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 2
Overcoming psychological changes in the company
Losing a major government contract was hard for both the company and the stakeholders.
The employee went through a psychological phobia of losing their jobs and allowances. The
company engineers should convince their colleagues no to worry every business has it good and
bad years Motta (2014).
The steps to ensure that the employee overcome this psychological changes include:
Convincing them that there other contracts that the company can apply for that will keep
the company moving.
The ban will only last for one year hence the next year the company can still apply the
government contract.
The employee should not listen to rumors or people outside the company since negative
comment will surround the company at this particular time. The company can still cater for the
employees and the expenses too.
The company leader should talk to the employee more to remove the negativity in them.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 3
The roadmap is put in place to prevent future failures of the project. The management
strategies used includes-Introduction of the new technology to enhance efficiency and
effectiveness to overcome the delay of power supply Morrison (2009). Another strategy involves
going through the prices and offers available in the market to prevent future completion with the
competitors. Foreseeing the implementation of the various sectors can help monitor the project in
hand. The final thing involves delivery of quality work across the entire business for
effectiveness thus promoting flexible response.
The target set in place will be foreseen to complete the entire project. Using the ideas
from Vic solar and the technology the power supply chain shall run smoothly and provide the
required watts and a free maintenance routine shall be provided through the entire period of four
years. Implementing the whole project into phase plans is an excellent idea to be undertaken by
the companies. This will at least increase the efficiency of power supply from the panels by
removing the default ones. Installing new panels can therefore increase the solar power supply
substantially. Increasing power from 2MW to 2.3MW in the first phase and later to 2.5MW is the
greatest achievement to be met. With the rise of Vicsolar technology and the technical plan it is
therefore right to say that the overall supply of the solar power by the SJV can be enhanced by a
great deal. Vicsolar failing to come into negotiation with SJV was a blow not only to the two
companies but also to the whole project. Responding appropriately to uplift SJV by Vicsolar
Company is a great step to ensure the project goes through and to meet the demands.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 4
The adopted strategies are meant to improve the power solar supply by not only the
expected power supply but also higher supply amount. Innumerable measures had to be done, the
first one being the replacement of the faulty and substandard solar panels that constituted to the
total number of 960. This had to be done in order to raise the solar power watts. The terms of the
contract agreement were refined and it was agreed that it would take four years as the maximum
maintenance period to cater for the cost incurred during the failure of the initial project. The two
companies would compensate the maintenance cost. The new Vicsolar technology when
introduced in the market shall increase the total profit by 20 percent of the company while still
supplying solar power Crawley (2014). Vicsolar due to the high interest is now going to give
back the amount of money that is taken as a waving of the panel resource clause Motta (2014).
The remedies that will enhance the two companies to overcome the crisis shall be
conducted as follows. Setting a target power plant by 0.5MW is a good idea to meet the
objectives of power supply. Increasing the power generation from working panels from 91% to
99%, shall translate to the individual power panel by 198W each. The total calculation shall be
approximately 2. 18MW.Increasing the power by 0.3 MW from the number of remaining 960
solar panels is a good plan. At least the required power from each panel is 327W, which is a
better solution. Instead of the 200W. The whole power supply shall rise up to 330W.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 5
Entrepreneurship cannot at all cost be separated from the business. Whenever a need
arises the entrepreneurs or business, oriented individuals will always try to fill such a high
demand in the market place. The field of engineering has not lagged behind in matters of solving
societal needs. This is the reason why engineers like John and Mike decides to come up with
water Purifier Company known as the Sustainable joint ventures (Anon, (2017) The project in
itself can supply water within short period of time to a large number of the population. Initially
the two engineers started a small enterprise known as Sustainable Solutions Pvt Ltd (SSLP).
Initially the company was branded as KASVI although the it was the younger version of SSLP.
The company initially established in the year 2004 as a profit making enterprise. The
government backed the company by providing good policies that favored business accompanied
by funding. Engineering leadership is the new market technology that deals with identifying a
mega project that benefits the whole society. In this aspect leadership skills are employed to see
that the whole project succeeds. The ability to use managerial skills that aligns with the proposed
project should be the core idea.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 6
Government should always put strategies in place to help young entrepreneurs to ensure
that they meet their goals and at the same time satisfying the arising needs of the society. The
KASVI Company faced innumerable challenges. It failed to be in the market place for the
longest time as expected in order to thrive. The enterprise immediate decline came along due to
the influx of the new entrants. The government should provide policies to help young
entrepreneurs from being turned down by others who are joining the same market. The new
entrants enhanced competition and imitations of cheaper goods. The government on the other
hand had already changed its impetus towards the energy sector in order to alleviate poverty.
From the beginning, the SSLP had been one of the government’s beneficiary in terms of the
incentives and good policing. With the inception of Sustainable Joint Venture Company, a joint
agreement was enhanced with Vic solar Company. With the support of Vic solar technologies,
the company ventured through the remote places as well as rural areas of India in order to install
solar power panels.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 7
As initially indicated the government plays a great role in providing good policies
together with funding. This therefore, provides a good base that enables those wishing to venture
in the business to do so with easiness. In addition, this will enable a higher chance of the project
thriving. Sustained Joint Venture (SJV) Company was developed with government-oriented
policies, not only to develop the remote and the rural areas but in return for the better profits for
the company. Having been in existence for a longer period of time and at the same time
benefiting from the government policies and incentives, SJV was able to earn a contract with the
government. Using the Australian network, SJV would oversee that it installed the solar panels
within a period of 10 months. SJV was ready to utilize the opportunity available in that time to
ensure it met its needs. Vicsolar Company was to act as the backbone in technological assistance.
The market place hence provided opportunities for the two companies. Vicsolar specializes in
production of solar panel technologies and this therefore, provides a base for SJV to venture into
the project of installing solar panels. In this case Vicsolar Company remains the best in
delivering the solar panel equipment. The Vicsolar Company was to provide the technical
aspects and the technology ideas to the SJV company (Anon 2017). The ready market would
ensure that both companies met their targets, this was enhanced from the opportunities that saw
the expansion and growth of the entire country.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 8
SJV wanted to come up with adequate and long lasting solutions when selling the
portable water purifiers to the already existing demand. The idea of portable water purifiers
blended well with the technology of solar panels. With adequate power from the solar panels, the
idea of water purification would therefore succeed from the main idea. SJV was ready to use the
new technology from Vicsolar to come up with the quality products and at the same time
reducing the cost of production. With the SJV Company understanding the actual problem and
strategies to gain the most advantage, the new technology proved to be excellent. The company
enjoyed the monopoly of working with the government since no other company had established
itself the government for that long. Availability of good market base plan would enable SJV and
Vicsolar grow and expand indefinitely. It was also obvious that the idea of solar power
technology would be seen through since Vicsolar had a wide range of experience in the technical
knowhow and financial base plan.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 9
In the year 2011, SJV entered into actual contract with the government after considering
all the available factors. The solar Panel project after its implementation would produce an
overall total of 2.5MW.It was further agreed that the project value would cost a maximum
amount of a$3.2 million. After analyzing the financial plan for the whole project it was then
agreed that the whole project in order to be completely completed and start functioning it would
take approximately 10 months’ time. The number of the working solar panels to be installed
were to be 12,000. This therefore, should have resulted from at least 22-25% of the whole
project. Due to poor planning and management the profit foreseen by the SJV Company turned
to be 16% which was far much less. The power purchase agreement (PPA) was 0.18/kWH.
However, the whole project became messed up at the end. The mess occurred from the poor
managerial plans of not meeting the 12000 panels and the deadline as had been agreed.The
awaited technologies did not however get through as it was earlier on agreed in the contract due
to a number of problems that appeared afterwards. SJV faced a myriad of problems that turned it
off from the ongoing projects. The actual challenge presented itself after the SSLP started losing
its market focus and its grip in the same market place. The company lacked the adequate work
force to source the innovations required for the project to go through since it failed to seek out
the negotiations with Vicsolar. About four whole months were lost when they tried to negotiate
for the panel-sourcing clause. This negotiation not only had a cost implication on the time but it
further had financial implications. The market place become too tough which increased the total
product cost. The seeking of alternative cheaper products than expected contributed to its project
failure. Additional six months was also time wastage since it was not able to meet the required

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 10
capacity. As planned in the agreement the idea of sourcing power panels did not get the welcome
from the Vicsolar hang (2010).
After failing to meet the deadline and financing problem, that the company had faced
there was still a way through. Let us now consider the technical strength and the assurances that
were later put in place. Vicsolar technical system was applied which was one of the assurance to
the project. The technical aspects would be as follows. Two automated systems were put in place
the first one being the automated battery storage system. The second automated system involved
the automated cooling mechanism. Considering the first system the solar panels would provide
the required energy. The battery grid system would then store it and pass some currents to the
temperature sensors Anon (2017). From there the current would then be passed to the monitor
hub where it would be directed back to the battery or it would end up into the cooling system
before embarking to the battery grid.
The automated cooling mechanism is the easiest mechanism to be employed. This is
because of its simple basic plan. The solar panels pass the currents directly to the temperature
sensors then into the monitor hub and into the cooling system. The current can pass back into the
solar panel or the battery grid for the processes to proceed now and again. When the two systems
work co-currently, the expected adequate solar power shall never fail. This was the technical
plan in the new technology to be employed by the Vicsolar Company. The technology
constitutes the engineering leadership plan to ensure that the project is working without failure of
solar power panel.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 11
Having analyzed the two power systems, it is also worthwhile to scrutinize the possible
cause of power failure. Let us go through the SJV installation plans and possible causes of power
failure as laid out in the plan. That occurred. Basing from the plans of the agreement that the
company had to fulfill, the result of the whole project became as follows. The estimated number
of panels is 12,000, which shall generate the power of 2. 5MW.Total number of panels installed
is 12000 but the total number of panels not working is 960, which directly translates to 8 percent
(Anon, (2017). The actual power generated is 2MW hence constituting to 11040 number of
working solar panels. Considering calculating the power generated by each panel it amounts to
approximately 181.1594 hence producing 91 percent of the total power supply. The expected
power from each solar panel should be 200W.
Financial Situation in SJV and Vicsolar and how Vicsolar should help to uplift SJV
Considering the current technology outlined by the Vicsolar Company there cannot be
any doubt to be raised on its efficiency and proficiency. It can be seen that the company had a
good strategy to backup SJV so that it would complete its projects as agreed in the contract and
to ensure it met its profits. (Anon, (2017) Vicsolar has good financial plan since it earlier on
ventured in other businesses with other companies apart from the contact. working experience
helped to transform Vicsolar into the center of its competency in terms of power supply highest
capacity. The demonstrated formula and the supply chain is highly effective not only to the user
but to the whole market section.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 12
The situation of power supply chain management by the SJV failed miserably. This is
because it was unable to supply power to its clients within the stipulated deadline. The situation
is further accelerated by its ability to lose profit margin by almost 10% resulted in the destruction
of the financial capabilities. Another major problem occurred from SJV faces low-level
turnovers of the power supply and its ineffectiveness to hand that.
The rise of Vicsolar technology and the technical plan it is therefore right to say that the
overall supply of the solar power by the SJV can be enhanced by a great deal. Vicsolar failing to
come into negotiation with SJV was a blow not only to the two companies but also to the whole
project. Responding appropriately to uplift SJV by Vicsolar Company is a great step to ensure
the project goes through and to meet the demands. The adopted strategies are meant to improve
the power solar supply by not only the expected power supply but also higher supply amount.
Innumerable measures had to be done, the first one being the replacement of the faulty and
substandard solar panels that constituted to the total number of 960. This had to be done in order
to raise the solar power watts. The terms of the contract agreement were refined and it was
agreed that it would take four years as the maximum maintenance period to cater for the cost
incurred during the failure of the initial project. The two companies would compensate the
maintenance cost. The new Vicsolar technology when introduced in the market shall increase the
total profit by 20 percent of the company while still supplying solar power (Anon 2017).
Vicsolar due to the high interest is now going to give back the amount of money that is taken as a
waving of the panel resource clause.

OVERCOMING PSYCHOLOGICAL CHANGES IN THE COMPANY 13
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