1 Communication The working language onboard Maersk Doha was English and the crew had achieved the necessary standard to obtain UK CECs. All the officers apart from the chief engineer came from Eastern European countries and shared a common language which was observed to be in regular use. This had the effect of isolating the chief engineer even in normal circumstances‚ but would have been exacerbated during the emergency‚ making it substantially harder for him to understand and control
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Strategic Acquisition in Luxury Globalization Abstract The strategic capability of a firm or an industry is about identifying‚ developing and using its unique resources and core competences to gain competitive advantages in specific market to achieve results. Luxury is as a unique sector and the “allure and exclusivity” are well sought after by consumers‚ heavily imitated by competitors. The six unique features and competency (heritage‚ quality‚ exclusivity‚ symbolism‚ aesthetics and price) of
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Capabilities Capabilities are valuable‚ rare‚ costly to imitate and non substitutable are core competencies. Core competencies are sources of competitive advantage for the firm over its rivals. A sustained competitive advantage is achieved only when the competitors cannot duplicate the benefits of a firm’s strategy or when they lack the resources to attempt imitation. Sustainable competitive advantage results only when all four criteria are satisfied. For a capability to be a core competence
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Analysis of Porter’s Five Forces for Moller Maersk (Analysis of Container Line Business) FIVE FORCES | 1. Threat of New Entrant is High | 2. Threat from Substitute is High | 3. Bargaining Power of Suppliers is Low | 4. Bargaining Power of the Buyers is High | 5. Rivalry Among existing Players is Low | * Threat of New Entry Every firm would love to invest in shipping industry due to large profits involved. However this would seem easy but practically it is lot more difficult
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The Maersk Alabama Hijacking A horrible‚ yet completely unexpected‚ incident occurred on April 8th‚ 2009 known as the Maersk Alabama hijacking. This incident took much negotiation and time‚ but with the help of the Navy‚ the Navy S.E.A.L and others‚ was resolved successfully. In other words‚ the hijacking was primarily a chain of nautical events that were initiated by four Somali pirates in the Indian Ocean. The pirates detained the cargo ship 240 nautical miles southeast of Eyl‚ Somalia‚ which
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Porter Five force Model The shipping industry is nowadays a contestable business especially for the container business which occupies more than 80% of the international trade. Therefore‚ it is better to 1) examine the intensity of competition in the industry and hence 2) industry profitability since competition can drive down the rate of return‚ so it is easier to investigate the way to formulate thee competitive strategy in this industry. Therefore‚ the company can 3) identify the position in the
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Introduction My 48 hour exam project is a case study of A. P. Møller – Maersk Group (Maersk); the objective of my assignment is to elaborate on Maersk`s talent management challenge‚ focused on development. Furthermore I will describe the cosmos of Maersk learning and competence development and provide alternative angles of conducting in this cosmos‚ in accordance with my own perspective. My ontological standpoint for this exam is constructivism (Olsen & Pedersen‚ 2005). The reality perceived
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FEATURES & CHARACTERISTICS OF EMMA MAERSK FEATURES Name Emma Maersk IMO Type Owner Shipyard Delivered Tonnage Length Breadth Service Speed 9321483 Container Vessel A.P. Moller-Maersk Group Odense Steel Shipyard Ltd 2006 11‚000 TEU 396 m 56 m 25.20 knots CHARACTERISTICS • Recycling the exhaust‚ mixed with fresh air‚ back into the engine for reuse • High-efficiency waste heat recovery system • Electronically controlled engine. • The vessel hull is painted with a biocide-free‚ silicone-based antifouling
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Case analysis for Maersk Group 张雯扬 2014211809 The Maersk Group was founded in 1904 and became the largest company in Denmark. Maersk operates one of the largest container shipping businesses globally as well as oil and gas exploration and container terminal operations. Now it is transforming from a family business to a global conglomerate. However‚ Maersk is experiencing five notable talent challenges during its strategic transition. Firstly‚ employee turnover has increased. Traditionally the
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Capabilities Analysis What is it? Capabilities analysis helps clarify the major sets of activities‚ skills‚ and resources that drive value to customers. When do we use it? Capabilities analysis can be useful at the time of strategy formulation—when firms are assessing which strategic options are currently feasible—and may be included in a broader process of determining strengths‚ weaknesses‚ opportunities‚ and threats (SWOT). In addition‚ capabilities assessment can be used as an initial
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