3 Shipping Market Cycles The four most expensive words in the English language are‚ ‘This time it’s different’. (Sir John Templeton‚ quoted in Devil Take the Hindmost‚ Chancellor 1999‚ p. 191) 3.1 INTRODUCING THE SHIPPING CYCLE Market cycles pervade the shipping industry. As one shipowner put it: ‘When I wake up in the morning and freight rates are high I feel good. When they are low I feel bad’.1 Just as the weather dominates the lives of seafarers‚ so the waves of shipping cycles
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forgotten an old friend. People around him always feel comfortable with his kindness and humble. Syed Mokhtar was an excellent example of how a businessman leader should be. Never forget to help others when we have been successful. Transformational Leader When Syed Mokhtar started his business‚ he already places a big dream. He makes a clear vision in each of every new thing he invested. He is able to see opportunities whereas the others failed. When he started his logistic business
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judged. (Smith‚ 1944) Handy (1992) defined leadership as ‘A leader shapes and shares a vision which gives point to the work of others’. One such example is Sim Wong Hoo of Creative Technology. Sim Wong Hoo as a Transformational Leadership He is considered a transformational leadership based on Dexter Dunphy and Doug Stace (1990). He had a vision of selling 100 million units of something back when Creative was only a tiny little company. He knew that people would make fun of him for his ridiculous
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technological changes seem to have forced many organizations into considering radical change as a way of surviving and growing. A big part of this radical change has to do with accepting and handling cultural differences among other nations. Organizations pursue change to enhance their competitive positions and to grow. Cultural Change Culture changes over time‚ despite the fact that one of the more important attributes of culture is that it is conservative and resistant to change. When
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The person who most inspires me is Lilly Singh. Lilly Singh is a twenty-seven-year old Canadian woman of Indian descent. Five years ago‚ she created a YouTube channel named IISuperwomanII. Her goal was to overcome her bout with depression and to inspire others to realize their goals. Thus far‚ she has over seven million subscribers and optimistic. She is highly successful and her videos are a lot of fun to watch. She videos. To create over four hundred original videos in a five-year
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Transformational Leadership In today’s healthcare system‚ effective leadership is essential to improving and reaching organizational outcomes. A leader is someone with the ability to influence others but‚ an effective leader uses positive strategies to inspire employees to work towards the same goal. Leadership in nursing requires a constant effort to motivate others to become part of the organizational transformation. This can be achieved using a transformational leadership style with
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“SOLUTION” EURASIA INTERNATIONAL: TOTAL QUALITY MANAGEMENT IN THE SHIPPING INDUSTRY SYNOPSIS: This Case gives an account of how a ship management company was able to set itself apart from competitors and from its clients’ own in-house technical and crew-management capabilities by embracing a culture of continuous improvement and by implementing Total Quality Management systems. The shipping industry was not alone in having regulation imposed upon it‚ but its distinctly international nature made ship
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CHAPTER 12 Implementing Strategy in Companies That Compete in a Single Industry Synopsis of Chapter Chapter 12 examines how managers can best implement their strategies in single-industry firms in order to achieve a competitive advantage and superior performance. First‚ the main elements of strategy implementation—structure‚ control systems‚ and culture—are analyzed in detail‚ focusing on the way they work together to create an organizing framework. Then the chapter turns to the topic of
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--- Introduction --- Today‚ organization are threaten by lots of challenges which require managers to cope with rapid changes in the work place‚ technology development‚ competition‚ growing of employees expectations‚ raising customer satisfaction and awareness‚ and so on. Having these challenges and problems solved‚ organizations should have leaders who possess certain personalities‚ attitude and skills in order to tackle the business complexity. In this paper‚ couple of Leadership theories
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Establishing an international joint venture can result in substantial gains but can also result in great costs. Joint ventures between companies in different countries can enhance the companies’ experience in the global business market. It can be a potential gateway to possible business deals and endeavors for future profits. Though there are many benefits in establishing an international joint venture it can come with many stipulations. If a company does not do the research or evaluate all possibilities
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