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Essay / Research Paper Abstract
This 80 page paper examines the Greek shipping market and the need for change in order for Greek shipping companies to survive. The Greek shipping industry is very different to the shipping industry in other countries, which has led to many of the current competitive advantages. However the environment is changing, and this paper suggests that pooled management may be the most suitable strategy in this fragmented but competitive industry. The paper first looks at the shipping industry in general, and then as Greece. The paper then considers the pressures of change, such as international demand and standards and the impact of different strategies, such as pooled management, strategic alliances and joint ventures. These options are considered against the current positions before a conclusion is reached. Throughout the paper the theories and the application of theories to this topic are clearly explained. The bibliography cites 38 sources.
Page Count:
80 pages (~225 words per page)
File: TS14_TEgreeksh.rtf
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Unformatted sample text from the term paper:
Change 26 5. Potential Changes 28 5.1 Fragmented Ownership 28 5.1.1 Operational Aspects 29 5.1.2 Innovation 31 5.2 Investment and Capital Raising 35 5.2 Economies of Scope and Scale 50 5.2.1 Scope 51 5.2.1 Scale 52 5.3 Pooled Management 53 5.3 Alliances and Joint Ventures 58 5.4 Mergers 65 5.4.1 The Motivation for
Mergers 66 5.4.2 Mergers in Greek Shipping 78 6. Conclusion 80 Bibliography 81 Figures Figure 1; PPI Cabin Cruisers (Non Military) 1981 - 2002 11 Figure 2; Per Capita Disposable Income 1981 - 2002 12 Figure 3; Ship
Manufacturing 1981 - 2002 12 Tables Table 1; World Seaborne Trade in Million Tons 8 Table 2; World Seaborne Trade in Billion Ton Miles 8 Table 3; World Fleet at Start
of Year (Million Deadweight) 9 1. Introduction For any industry to survive there needs to be evolution to meet the needs of the market and respond to the changing competitive
environment. The need to remain competitive has always been a necessity in business, today, as global barriers decrease and more countries enter into international trade arrangements there is increasing pressure
on all countries within the global network. Whilst the pressure may drive process down and the need for innovation up, there is also growing demand for the shipment of goods.
This places transportation industries, such as shipping in a unique position. There are increasing commercial pressure, but there is also a growing market. Countries where the shipping industry is well
established and a culture of shipping exist may have an advantage, but this is only a small advantage and needs to be retained. The Greek shipping industry is one
of these. The industry is one that has been left to fend for itself, indeed, in 2003 when the Greek governments merchant marine ministry made an announcements of a total
of forty four measures that form a master plan for the shipping industry, many felt that this was too little too late (Europe Intelligence Wire, 2003). The critics argued that
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