History of DONG Energy A/S

Table of Contents Introduction Literature Review Methodology Company Analysis Industrial Competition Conclusion References Introduction Established in the year 1972, DONG Energy is the largest of all energy production companies in the country of Denmark. Its headquarters are also situated here, with a significant amount of its work going into the production of energy both on and off land.Advertising We will write a custom essay sample on History of DONG Energy A/S specifically for you for only $16.05 $11/page Learn More The company was started as a company to provide energy to the state, with the original title of Dansk Naturgas A/S being changed at the beginning of the last decade to its current name DONG, which stands for Dansk Olie org Naturgas A/S. In this case study, research and analysis of the company over a period of ten years or will be done. The case study will make use of the company’s annual reports for 10 years including both prim ary and secondary sources together with other publicly available sources. Literature Review There is scanty literature detailing the performance of DONG Energy in the Danish and international markets. The secret to the performance of a company is based on the implementation of the recommendations in most of the case studies done in time. In history, most of the companies that triumphed can be studied to indicate the necessary steps towards profitability (McCraw 1998). Companies should have clear strategies on how they will meet their objectives. This helps in the consolidation of profits in the various operations. According to Micklethwait and Wooldridge (2003), the average performance of a company can be gauged from the financial returns that it posts every year. Methodology The case study will utilise primary and secondary sources to derive the statistical performance of the company through a period of ten years beginning 2002. The use of secondary sources will be significant as i t provides information that is not widely available in the literature. Some gaps in the literature concerning the performance of the company will be analysed using the sources, with the data being quoted in the case study. Qualitative and quantitative research methods will also be utilised in the study, with the different sources being analysed in this form. The information from the literature review and sources will then be presented in a logical and meaningful manner.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Company Analysis The performance of DONG Energy Company over the past decade can be effectively evaluated using the annual reports that the company posts. These have the necessary financial and technical performance indices necessary for the company. In the 2012 annual report, for example, the company prided itself as being among the leaders in the energy business, with the mai n roles being the procuring production and distribution of energy in the region including energy trade (DONG Energy A/S Annual Report 2012, p. 2). The company also reported having 7000 employees, with the headquarters still in Denmark. The 7000 employees are an increase from 1,043 it employed in 2004 who were also more than the 996 that were employed in the year 2005 (DONG Energy A/S Annual Report 2005, p. 17). The company reported shareholding as 79.96% for the Danish State, 10.88% for the SEAS-NVE Holding with the rest 9.16% being held by the other shareholders (DONG Energy A/S Annual Report 2012, p. 2). The core activities as indicated for the same year included â€Å"oil and gas exploration and production, construction of wind farms located offshore, generation of electricity from power stations, wholesale activities in the power sector, and distribution of the same† (DONG Energy A/S Annual Report 2012). The company has also seen significant growth in the financial and op eration magnitudes, thus ranking among the best performing companies in the industry in the world. In 2012, the components of power company contributed to a share capital of DKK 2,144 million, with the Equity being 14, 655 million (DONG Energy A/S Annual report 2002). The profit after tax for the same year was DKK 1476 with which represented a poor performance as compared to the previous two years (DONG Energy A/S Annual Report 2002, p. 6). The revenue from the different activities was also not even for activities. Natural gas exploration and mining constituted the largest proportion at 70.2%. This was followed by the exploration and production of energy in general, with this making up 26.7%. The rest of the proportions were made up of oil transportation and renewable energy production among other activities (DONG Energy A/S Annual report 2002, p. 7).Advertising We will write a custom essay sample on History of DONG Energy A/S specifically for you for only $16.05 $11/ page Learn More In the same year of 2002, the total net interest bearing debt was DKK 6,919 million, which indicates what the financial year closed at (DONG Energy A/S Annual report 2002, p. 23). In terms of liquidity, the company had a total of DKK 3,655 million, with this mainly being the fixed term deposits that the company had made with banks and a part of it being mortgage bonds (DONG Energy A/S Annual report 2002, p. 23). The company also made a few policies based on the risks that it faces in the industry, and these were to be implemented in the years that followed. In the year 2003, the performance was better in terms of profits, with the company making a net profit of DKK 1,941million, which was better compared to the year that followed where the same company reported a net profit of DKK 1,881 million (DONG Energy A/S Annual Report 2004, p. 5). The year 2004 was however an improvement, with the non-recurring income being as high as DKK 647 million (DONG Energ y A/S Annual Report 2004, p. 5). This can be attributed to the profits that were gotten from the revaluation of one of the companies that was a major shareholder, which improved to a share value of DKK 562 million with an observed reversal of some of the previous write-downs (DONG Energy A/S Annual Report 2004, p. 5). As stated above, there was a drop in the net profit for the year 20004 compared to the previous year. Some of the reasons for the observation include loss of the company’s market share in its home country of Denmark, the hedging of oil, and the USD exchange rate exposure. The charge in exploration also depreciated for the year compared to the previous year (DONG Energy A/S Annual report 2004, p. 5). The year 2004 had some of the significant mergers that the company has engaged in, with Elsam and DONG embarking on working together in electricity generation and distribution. The company thus enjoyed large shareholdings in Elsam. This contributed to the rapid expan sion seen in the year. As a result of the merger and other activities that the company undertook in the year 2004, profits improved, with the year 2005 having an observed profit after tax of DKK 2, 818 million (DONG Energy A/S Annual report 2005, p. 5). The non-recurring income was also a departure from the one reported in the year 2004, which stood at DKK 360 million (DONG Energy A/S Annual report 2005, p. 5).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This was a reduction from the previous year’s value of DKK 889 million. The better performance of the company could be attributed to several factors, with one of the most significant being the better performance of the price of oil on the international front for the same year. There were also significant reductions in the exploration costs in the same year, which prompted a record profit margin for the company (DONG Energy A/S Annual report 2005, p. 5). The company continued its expansion into the electricity sector, with its partnership with Elsam continuing together with the introduction of new partnerships with companies such as Energi E2 and Nesa (DONG Energy A/S Annual report 2005, p. 5). The transition from the year 2005 to 2006 had some of the greatest of changes in the company, with the same being reflected on the performance at the end of the year 2006. As indicated above, the company had 1,018 employees in its payroll. This figure changed significantly to 4,585 empl oyees for the year 2006 (DONG Energy A/S Annual report 2006, p. 3). The revenue rose from that recorded in the year 2005 in the exploration and production as well as other activities that the company performed. In 2006, the exploration and production revenue stood at DKK 5,556 million, which was a marked improvement from the DKK 4, 346 million that was reported for the previous year as stated above (DONG Energy A/S Annual report 2006, p. 3). The revenue from energy generation also improved from DKK 114 million in 2005 to a total of DKK 7,620 million for the year 2006 (DONG Energy A/S Annual report 2006, p. 3). The other observed change in the year 2006 was in the size of assets, with these totalling to DKK 105 billion, which was an improvement from the previous DKK 47 billion in 2005 (DONG Energy A/S Annual report 2006. p. 4). Distribution revenue that the company gets from distributing power and gas across the continent grew from DKK 857 million to DKK 2,560 million for the year 20 06, with the market revenue growing to DKK 24,114 from the previous 13, 885 million (DONG Energy A/S Annual report 2006, p. 4). In general, the company grew in 2006 to reach the current heights. This was attributed to the relative profitability in the industry at the time, networking, and expansion that the company enjoyed during this period. The year 2007 was also a continuous improvement year for the company, with the generation part raising about DKK 12,335 million in revenue, which was an improvement from the DKK 7,682 million that was reported the previous year of 2006 (DONG Energy A/S Annual report 2007, p. 4). The exploration and generation part also had improved profits, with revenue of DKK 4,869 million being reported as an improvement from DKK 5,556 million in the year 2006 (DONG Energy A/S Annual report 2007, p. 4). The distribution revenue rose from DKK 2,560 million in 2006 to DKK 4,520 million that was almost double in 2007 (DONG Energy A/S Annual report 2007, p. 4). T he market revenue, however, remained constant at DKK 24,583 million, with only about DKK 277 million improvements from the previous value of DKK 24,306 million (DONG Energy A/S Annual report 2007, p. 4). The year 2007 was also marked by various trade agreements with some of the related companies. The milestones in the year include the agreements with Wingas GmbH and other companies such as Wintershall Holding AG and the acquisition of Conoco Philips company (DONG Energy A/S Annual report 2007, p. 3). The company increased its offshore wind farms, increased its revenue by selling some of its activities in Portugal and Spain, and started production of gas from the Ormen Lange gas fields that it owned a significant proportion in shareholding (DONG Energy A/S Annual report 2007, p. 3). The marked growth continued in the year 2008, with growth in revenue in all the sections that the company prides itself as owning. In the exploration and production sector, for example, the revenue grew f rom the DKK 4,409 million recorded in the year 2007 to a record DKK 7,114 million (DONG Energy A/S Annual report 2008, p. 2; ‘DONG Energy A/, 2008). The generation part of the company also grew from DKK 12,358 million to DKK 15,298 million, with the energy markets growing from the DKK 20,262 for the year 2007 to the 2008 value of DKK 38,087 million (DONG Energy A/S Annual report 2008, p. 2). The same growth was seen in the sales and distribution sector, with this reporting a record DKK 15,595 million from the previous DKK14, 552 million (DONG Energy A/S Annual report 2008, p. 2). The revenues by proportion included 50% from the energy and production part, 21% from the sales and distribution section, 20% from the generation and the remainder 9% being contributed by the exploration and production part (DONG Energy A/S Annual report 2008, p. 5) In the year 2009, some of the important highlights of the company include the discovery of gas in the Glenlivet, with a license being obt ained for the same (2009, p. 39). The company also signed one of the most important agreements in the energy production sector, with an agreement between it and Siemens constituting the largest offshore wind turbine agreement ever (DONG Energy A/S Annual report 2009, p. 44). It also sold its shares in the Walney wind project to the SSE, thus ending its minority stake in the same project (DONG Energy A/S Annual report 2009, p. 44). With the sale of the stake in this project, the company further acquired 25%shares in another offshore wind project dubbed Lincs (DONG Energy A/S Annual report 2009, p. 44; DONG Energy AS Wind Energy Market Analysis, 2009). Some of the other developments include the creation of more offshore wind farms, selling of its fibrotic network, and selling of shares in the Swedegas Company (DONG Energy A/S Annual report 2009). The company however scored poorly financially, with a reduction in revenue generated in all sectors that constitute its operations. In the f ollowing year of 2010, the company improved and recovered from its previous underperformance. This was marked by a revenue improvement in all sectors that the company operates, with the exploration and production recording a revenue of DKK 8,224 million up from the previous low of 6,579 (DONG Energy A/S Annual report 2010, p. 2). Generation revenue grew from the levels experience in 2009 of DKK 10,818 million to the experienced revenue of DKK 11,330 million (DONG Energy A/S Annual report 2010, p. 2). The energy markets revenue grew from the previous DKK 28,201 million to DKK 31,764 million, with the sales and distribution growing from DKK 13,386 to DKK 14,185 million for the year 2010 DONG Energy A/S Annual report (2010, p. 2). The company continued with its upward growth for the year 2011, with the revenues improving and surpassing all sectors and operations. The company also had some remarkable performance on the international front by engaging in bilateral agreements and making t rade agreements. In the exploration and production sector, the company got DKK 10,469 million in revenue, which was an improvement from the previous year (DONG Energy A/S Annual report 2011, p. 4). The energy markets also stabilised, with the revenue significantly improving to DKK 33,689.million (DONG Energy A/S Annual report 2011, p. 4). In the sales and distribution sector, the company got DKK 13,009 million in revenue as an improvement from the previous years of DKK 14,185 million, with other activities being additive to the total revenues (DONG Energy A/S Annual report 2011, p. 4). The year 2012 was marked by improvement in some of the quarters although with marked losses for the year (DONG Energy A/S Annual report 2012, p. 2; DONG Energy A/S SWOT Analysis, 2012). The company reported losses in the year. These amounted to DKK 4,021 million (DONG Energy A/S Annual report 2012, p. 2). For the year 2013, the financial estimates favour the positive performance of the company, with t he first quarter performing better than the previous year’s quarter (DONG Energy A/S Annual report 2013, p. 2). The performance for the year also indicates that the company will perform better that the previous years. The enhanced performance is also indicated by the figures in the pricing of the main commodity that is oil. Industrial Competition The company has grown in various areas. In the past decade, it has managed to overcome competition both locally and internationally. The industry is competitive on the global. Several companies are well established in the field. The performance of DONG Energy has maintained a steady rise in profitability and size despite the international competition. It has maintained its position as the largest company in Denmark in the same industry. The performance for the year 2007 was particularly affected by the industrial competition at the time, with the continuous improvement over the years being cut short (DONG Energy A/S Annual report 200 7, p. 4). The same trend was experienced for the year 2011, with the company recording some poor performance because of the advancing competition (DONG Energy A/S Annual report 2011; Energy Companies, 2012). Conclusion In conclusion, DONG Energy is one of the best performing energy exploration and production companies in the world. It is the largest in Denmark. The company has performed positively over the last decade as analysed in the review. This may indicate a working strategy adopted by the management. The trend is an upward one for the better part of the decade, only being interrupted by a single slowing in development in 2007. The analysis proves that the company is ready to be the best in the world within the energy production and distribution. References DONG Energy A/S 2008, DONG Energy A/S SWOT Analysis, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2002, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2004 , Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2005, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2006, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2007, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2008, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2009, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2010, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report’ 2011, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Annual report 2012, Company Report, The Danish Wind Energy Industry, Denmark. DONG Energy A/S SWOT Analysis 2012, DONG Energy A/S SWOT Analysis, The Danish Wind Energy Industry, Denmark. DONG Energy A/S Wind Energy Market Analysis 2009, M2presswire, The D anish Wind Energy Industry, Denmark. DONG Financials for 2013, The Danish Wind Energy Industry, Denmark. Energy Companies 2012, Global Energy Market Research: Denmark, The Danish Wind Energy Industry, Denmark. McCraw, T 1998, Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions Cambridge, Harvard University Press, Mass. Micklethwait, J Wooldridge, A 2003, The Company: a Short History of a Revolutionary Idea, Modern Library, New York. This essay on History of DONG Energy A/S was written and submitted by user Georgia Schultz to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

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Arrangement happens in business, non profit associations, and government branches, legitimate procedures, among countries and in individual circumstances, for example, marriage, separate, child rearing, and everyday life. he investigation of the subect is called negotiation hypothesis. professional arbitrators are often particular, for example, union moderators, influence buyout mediators, peace negotiators, hostage mediators, or may under different titles, for example, representatives, administrators, etc. Negotiation Theory: The establishments of negotiation theory are choice examination, behavioral basic leadership, amusement hypothesis, and negotiation investigation. Another grouping of hypotheses recognizes Structural Analysis, Strategic Analysis, Process Analysis, Integrative Analysis and behavioral examination of negotiations. 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For instance, in a work circumstance an addressing may should be organized in which all gatherings included can meet up. i) Preparation and Planning: Prior to the begin of negotiations one must know about clash, the history prompting to the negotiation the general population included and their view of the contention desires from the negotiations and so forth. ii) Ground Rules definition: Once the arranging and technique is created, one needs to start characterizing the guidelines and methodology with the other party over the negotiation itself that will do the negotiation. iii) Clarification and Justification: At the point when beginning positions host been traded both the gatherings will clarify enhance, illuminate, support and legitimize their unique requests. This need not be fierce. iv) Bargaining and Problem Solving: The quintessence of the negotiation process is the genuine give and take in attempting to hash out an assention, an appropriate deal. 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Give and Take: At the point when a man surrenders something or yields on part of a negotiation, dependably try to receive something consequently. Else, youre molding the other party to request increasingly while diminishing your position and esteem. Keeping up an adjust will build up that both sides are equivalent. 2.2Â  Meeting notes: When you have an issue, when theres something you participate in with Kiwi Bank that requires understanding so it turns into a negotiation, the principal exhortation is to think in association terms, truly concentrate on a shared objective, of getting expenses out, for instance, and make inquiries. Try not to make requests or statementsyou know, would we be able to do this better et cetera. In the event that the association with Kiwi Bank is really an organization, negotiating to determine contrasts ought not jeopardize the tenor of the association. Dont invest energy complaining. Be issue solvers. Approach Kiwi Bank by saying, We should cooperate and drive costs down and create it so much less expensive you dont need to supplant me, in light of the fact that on the off chance that you work with me I could improve. Learn from and campaign with individuals and their accomplices who have validity, and with individuals having issues in the field. Dont disregard little issues or let things rot. Do not let Kiwi Bank turn out to be more than 20% of your organizations business. Its difficult to consult with an organization that controls yours. Never go into a meeting without a reasonable plan. Make great utilization of the purchasers exposure. Leave with answers. Try not to make casual conversation. Come to the heart of the matter; their time is profitable. Convey fundamental issues to the surface. Assault them head on and discover determination up close and personal. Trying to feign Kiwi Bank is never a smart thought. There is dependably somebody willing to do it less expensive to pick up the business. You need to regard the relationship as a marriage. Correspondence and bargain is critical. Dont underestimate that in light of the fact that the purchaser is youthful they dont recognize what they are discussing or that it will be a simple offer. Most youthful purchasers are extremely driven to climb inside the organization and can be a portion of the hardest, most taught purchasers you will experience. Know your item the distance from the creation stance to the end utilize. Odds are your purchaser does, and will anticipate that you will be much more proficient. Part 3 3.1Â  Reflective report in order to analyse performance in applying negotiation strategy: Dissects a progression of effective arrangement making systems valuable when negotiating with a capable accomplice Kiwi Bank, the nzs famous bank, sold $315 billion worth of products in 2006. With its determined concentrate on EDLP (ordinary low costs) and the ability to represent the moment of truth; providers, an association with Kiwi Bank is either the Holy Grail or the kiss of death, contingent upon ones point of view. There are various media records of the corporate stone monument riding its providers into the ground. In any case, shouldnt something be said about the individuals who figure out how to survive, and flourish, while managing the exemplary hardball arbitrator? In Sarah Talley and Frey Farms Produce: Negotiating with Kiwi Bank and Tom Muccio: Negotiating the PG Relationship with Kiwi Bank, HBS educator Jim Sebenius and Research Associate Ellen Knebel demonstrate two altogether different associations doing only that. The cases are a piece of an arrangement that include hard dealing circumstances. The idea of win-win dealing is a decent and effective message, Sebenius says, yet a great deal of our understudies and administrators confront partners who arent occupied with playing by those standards. So what happens when you experience somebody with a lot of force, as Kiwi Bank, who is additionally a definitive non-debatable accomplice? The case points of interest how PG official Tom Muccio pioneers another provider bank organization amongst PG and Kiwi Bank. Based on closeness (Muccio migrated to Kiwi Banks turf in Arkansas) and developing trust (both sides in the end disposed of expound legitimate contracts for Letters of Intent), the new relationship concentrated on building up a joint vision and critical thinking process, data sharing, and by and large moving far from the most reduced shared element estimating issues that had characterized their communications beforehand. From 1987, when Muccio started the progressions, to 2003, in the blink of an eye before his retirement, PGs deals to Kiwi Bank developed from $350 million to $7.8 billion. There are evident contrasts amongst PG and a much littler substance like Frey Farms, Sebenius notes. Kiwi Bank could plainly live without Frey Farms, however its quite difficult to live without Tide and Pampers. References Negotiation Process [Online] Retrieved from: https://iedunote.com/negotiation-process-five-steps (Accessed on 29-12-2016) Negotiation Theory [Online] Retrieved from: https://en.wikipedia.org/wiki/Negotiation_theory (Accessed on 29-12-2016) Negotiation and business outcomes [Online] Retrieved from: http://www.shell-livewire.org/business-library/employing-people/management/resource-management-working-with-suppliers/Negotiation-4-Relational-influence-and-power/ (Accessed on 30-12-2016) Negotiation tactics [Online] Retrieved from: http://www.forbes.com/sites/work-in-progress/2013/12/05/six-surprising-negotiation-tactics-that-get-you-the-best-deal/2/#2d18685837e9 (Accessed on 30-12-2016) Negotiation Approaches [Online] Retrieved from: http://www.managementstudyhq.com/approaches-to-negotiation.html (Accessed on 30-12-2016) Developing strategy [Online] Retrieved from: http://www.vistage.com/blog/growth-strategy/six-successful-strategies-for-negotiation/ (Accessed on 30-12-2016)

Catcher In The Rye :: essays research papers

CATCHER IN THE RYE The book, Catcher in the Rye, has been steeped in controversy since it was banned in America after its first publication. John Lennon’s assassin Mark Chapman, asked the former Beatle to sign a copy of the book earlier in the morning of the day he murdered Lennon. Police found the book in his possession upon apprehending the psychologically disturbed Chapman. However, the book itself contains nothing that might have lead Chapman to act as he did. It could have been just any book that he was reading the day he decided to kill John Lennon and as a result, it was the Catcher in the Rye, a book describing a nervous breakdown, that caused the media to speculate widely about the possible connection. This gave the book even more recognition. The character Holden Caulfield ponders the thoughts of death, accuses ordinary people of being phonies, and expresses his love for his sister through out the novel. So what is the book Catcher in the Rye really about? Superficially the story of a young man getting expelled from another school, the Catcher in the Rye is, in fact, a perceptive study of one individual’s understanding of his human condition. Holden Caulfield, a teenager growing up in 1950’s, New York, has been expelled from school for poor achievement once again. In an attempt to deal with this he leaves school a few days prior to the end of term, and goes to New York to take a vacation before returning to his parents’ inevitable irritation. Told as a monologue, the book describe Holden’s thoughts and activities over these few days, during which he describes a developing nervous breakdown. This was evident by his bouts of unexplained depression, impetuous spending and generally odd, erratic behavior, prior to his eventual nervous collapse. Some critics have argued that Holden’s character is erratic and unreliable, as he has many of the middle-class values that he claims to reject. Later on critics began to have praised the twisted humor of the main character. These critics have commented that the structure of the novel helps you understand Holden’s unstable state of mind. Alastair best remarked: "There is a hard, almost classical structure underneath Holden’s rambling narrativ. The style, too, appears effortless; yet one wonders how much labor went into those artfully rough-hewn sentences" (qtd. in Davis 318) A large field of critics took a positive view of the novel.