Per una nuova Fincantieri. competenza per uscire dalla crisi

2012 ◽  
pp. 10-37
Author(s):  
Giorgio Trincas
Keyword(s):  
Volume Growth ◽  
Product Diversification ◽  
Sustainable Growth ◽  
Financial Strategy ◽  
Shipbuilding Industry ◽  
International Partnerships ◽  
Cruise Ships ◽  
Market Situation ◽  
Offshore Industry ◽  
Global Company

This paper aims to develop potential strategies for achievable and sustainable growth of the Italian shipbuilding industry by understanding the characteristics of this industry as well as the current market situation and future trends. The decrease in new orders in the niche market of cruise ships has become a serious risk for Fincantieri to manage. In the past two decades, the top management of Fincantieri has not mirrored the constant volume growth of global seaborne trade as well as the dramatic demand from the offshore industry, so giving way to stagnation of the overall productivity, uncontrollable growth of overheads, and gradual impoverishment in designing. Considering the current and perspective market situation, analyzing the strategy and capabilities of the major Korean shipbuilders, and evaluating strengths and weaknesses of Fincantieri as it is, I will suggest for a New Fincantieri some potential industrial and financial strategy: focusing on offshore units while keeping on cruising sector leadership, activating product diversification, and opening to international partnerships towards development of a global company.

scholarly journals An analysis of strategic performance measures of companies listed on the JSE securities exchange South Africa

2014 ◽  
Vol 9 (1) ◽  
pp. 57-71
Author(s):  
JHvH De Wet ◽  
JH Hall
Keyword(s):  
South African ◽  
Statistical Tests ◽  
Shareholder Value ◽  
Sustainable Growth ◽  
Cash Management ◽  
Sales Growth ◽  
Long Term Effects ◽  
Financial Strategy ◽  
Strategic Performance ◽  
Sustainable Growth Rate

This study highlights the importance of economic profits (EVA) and their long-term effects on shareholder value (MVA). South African companies listed on the JSE were analysed and it is evident that the relative measure of internal performance (spreads) can be used to rank companies in terms of value creation. Individual companies and sectors were also placed on a financial strategy matrix, which evaluated companies according to spreads and cash management. The sales growth less the SGR percentage, was used to indicate cash management. Statistical tests (regression analysis) were done on the data to test the validity of the financial strategy matrix model. The results showed that there is a positive relationship between spreads and shareholder value, but sales growth less the sustainable growth rate does not contribute significantly to shareholder value. 

scholarly journals Financial Strategy considering Sustainable Growth: evidence from China and Russia gas market companies

2019 ◽  
Vol 13 (1) ◽  
pp. 76-92 ◽  
Author(s):  
Alina Steblyanskaya ◽  
Zhen Wang ◽  
Elena Ryabova ◽  
Svetlana Razmanova ◽  
Maxim Rybachuk
Keyword(s):  
Global Economy ◽  
Growth Strategy ◽  
Sustainable Growth ◽  
Financial Strategy ◽  
The Past ◽  
Ambiguous Situation ◽  
Sustainable Growth Rate ◽  
Financial Growth ◽  
Gas Market ◽  
The One

Over the past ten years have seen ambiguous situation concerning China and Russia gas companies. On the one hand, companies’ reports show conservative policies and sustainable growth in the coming years, on the other hand, companies’ financial performance suggest another situation because of insufficient level of financial indexes that reflects the inconsistency of existing sustainable growth approaches. These indicates relevance of the research concerning China and Russia gas market companies’ financial sustainable growth in conditions of global economy and investment policy implementation. The main purpose of the Research is to analyze China and Russia gas market companies’ financial growth strategy by means of Geniberg Z – matrix as well as enhanced Financial Sustainability Indicators System indexes by identifying which indicators have a greater influence on Sustainable Growth Rate. It is found that ROCE, ROFA, CR, DOL, ROL influence on Russian gas market companies’ SGR, and ROCE, WACC, ROL, CG Dummy influence on Chinese gas market companies sustainable growth.

The role of the blue economy in Pomorskie Region

2017 ◽  
Vol 32 (1) ◽  
pp. 0-0
Author(s):  
Michał Graban
Keyword(s):  
Large Scale ◽  
Sustainable Growth ◽  
Transport Infrastructure ◽  
Modern Approach ◽  
Shipbuilding Industry ◽  
Maritime Economy ◽  
Cargo Handling ◽  
Passenger Ships ◽  
Blue Economy

The aim of this article is to discuss the role of the blue economy, also known as “blue growth”, as related to the traditional maritime economy in Pomorskie Region. The potential of the latter is comprised by transport infrastructure centres consisting mainly of two ports – in Gdańsk and Gdynia – with a fundamental role for the national economy. These ports in recent years have seen intensified growth as evidenced by their increased throughput – mainly in terms of containerized cargo volumes. The modern approach to the maritime economy is based not only on heavy, large-scale investment in the infrastructure and cargo handling capacities, but also on sustainable development related to sophisticated technology and energy saving. The importance of the latter has been highlighted by Pomorskie Region’s four Intelligent Specializations aimed at ensuring sustainable growth in the region. Although the maritime economy is the focus mainly of Intelligent Specialization No. 1 “Offshore, port and logistics technologies,” there is in fact a synergy effect which has led to establishing mutual relations between all intelligent specializations. This approach combines the shipbuilding industry with energy production and biotechnology through innovative solutions. Meanwhile, IT supports logistics and marine tourist helps modernize and revamp sea ports as well as stimulates Pomeranian shipyards to manufacture specialist ferries and passenger ships.

Dainik Jagran: sustaining leadership in the newspaper industry

2017 ◽  
Vol 7 (1) ◽  
pp. 1-36
Author(s):  
Tirthankar Nag ◽  
Rituparna Basu ◽  
Buroshiva Dasgupta
Keyword(s):  
Value Chain ◽  
Smart Phone ◽  
Subject Area ◽  
Online News ◽  
Growth Strategy ◽  
Product Diversification ◽  
Sustainable Growth ◽  
Media Management ◽  
Content Type ◽  
Independence Era

Subject area The subject area is strategy and business. Study level/applicability The case can be used for MBA students. This is equally effective in short courses meant for low-to-mid-level working executives. The case is suited for classes in strategy, general marketing, media management and family business courses. Case overview Dainik Jagran – a vernacular daily – is the most read newspaper in India. Under the banner of Jagran Prakashan Ltd.; which is one of the leading media houses in India, the success of Dainik Jagran has been an outcome of the strategic marketing decisions taken by its founder and his successors in the post-independence era. With extensive circulation, it created a large readership base and took bold decisions to launch multi editions to its daily through a series of acquisitions, mergers and consolidations from 1975 to 2010, enabling it to step into product diversification. Readership surveys, investments in technology, advertising, regular branding events and smart phone applications are a few tools that helped. While the group has diversified into other industries, there is an underlying anxiety about the future prospects of its newspaper business. With the onslaught of online news dailies, will Dainik Jagran be able to expand and maintain its readership base using its previous business and marketing strategies? Or is it time to change strategies for businesses in the newspaper and allied media industry in India? Expected learning outcomes The study has the following outcomes: application of value chain concept in businesses serving two-sided markets; application of environmental analysis, Porter’s five forces analysis and related strategy concepts; and learning to critically approach and develop a sustainable growth strategy framework for a successful family-run newspaper business in India. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy.

scholarly journals Shipbuilding capacity optimization using shipbuilding demand forecasting model

2021 ◽  
Author(s):  
Yujiro Wada ◽  
Kunihiro Hamada ◽  
Noritaka Hirata
Keyword(s):  
Supply And Demand ◽  
Demand Forecasting ◽  
Sustainable Growth ◽  
Forecasting Model ◽  
Demand Forecast ◽  
Shipbuilding Industry ◽  
Complex Issue ◽  
Proposed Model ◽  
Demand Fluctuations ◽  
Demand Forecasting Model

AbstractThe shipbuilding industry has been drastically affected by demand fluctuations. Currently, it faces intense global competition and a crisis because of an imbalance between supply and demand. This imbalance of supply and demand is caused by an excess of shipbuilding capacity. The Organisation for Economic Co-operation and Development has considered adjusting the shipbuilding capacity to reduce the imbalance based on the demand forecast. On the other hand, demand forecast of shipbuilding is a complex issue because the demand is influenced indirectly by adjustments in shipbuilding capacity. Therefore, it is important to examine the influence of construction capacity adjustments on the future demand of ships based on demand forecasting for the sustainable growth of the shipbuilding industry. In this study, shipbuilding capacity adjustment is considered using a proposed simulation system based on a demand-forecasting model. Additionally, the system dynamics model of a previous study is improved by developing a ship price-prediction model for evaluating the shipbuilding capacity-adjustment scenario. We conduct simulations using the proposed demand-forecasting model and system to confirm the effectiveness of the proposed model and system. Furthermore, several shipbuilding capacity-adjustment scenarios are discussed using the proposed system.

Shop-Floor Automation and Market Strategy in Japanese Shipbuilding

2003 ◽  
Vol 19 (03) ◽  
pp. 131-140
Author(s):  
Philip C. Koenig ◽  
Hitoshi Narita ◽  
Koichi Baba
Keyword(s):  
Capacity Utilization ◽  
Cost Effective ◽  
Shop Floor ◽  
Mechanized Production ◽  
Shipbuilding Industry ◽  
Market Strategy ◽  
Cruise Ships ◽  
Production Processes ◽  
Effective Manner ◽  
Effective Development

Effective development and implementation of shop-floor automation is one of the keys to continued Japanese shipbuilding competitiveness. Manufacturing technology is implemented to serve a market strategy, and in many heavy industries (e.g., the manufacture of automobiles and commercial transport airplanes) heavily mechanized production processes are correlated with an exclusive dependence on repeat production. In the case of the Japanese shipbuilding industry, however, extensive automation has not had this result. Instead, shipbuilding automation in Japan is generally designed to support a variety of products, including comparatively simple ship types plus certain kinds of high-value products. Although high-value markets are pursued, the ability to build simpler ship types in a cost-effective manner cannot be abandoned lightly, due to the need to maintain capacity utilization. This position contrasts with that of some European shipyards, which have decided to specialize in high-value special products, such as cruise ships, ferries, and so forth. In this paper, specific cases of automation development and implementation in Japan are reviewed, and we discuss how these types of automation support a two-pronged market strategy.

Management and the quality of ship catering services in Croatia

1997 ◽  
Vol 3 (2) ◽  
pp. 393-406
Author(s):  
Borislav Šimundić ◽  
Damir Lovreković
Keyword(s):  
Critical Analysis ◽  
Statistical Data ◽  
Tourism Industry ◽  
Shipping Industry ◽  
Coastal Regions ◽  
Upward Trend ◽  
Shipbuilding Industry ◽  
Shipping Company ◽  
Cruise Ships

Rapid growth of tourism industry in Croatia has had an impact upon the national passenger and cruise fleet so that, according to statistical data, by 1989, the coastal regions and the islands of Croatia were visited by 7.8 million tourists (58 million bed nights). Parallely with the development of passenger shipping industry, which also reflected the rise of shipbuilding industry and tourism in Croatia, catering activities on liner and cruise ships have recorded an upward trend. In this context, passengers were provided with basic catering services on short routes and with a more complete and sophisticated culinary service on longer coastal and international cruising routes. Passenger and cruise catering , is part of catering business activities on various means of transportation, aiming to meet passenger needs and requirements within the larger framework of various services generally provided on board ships. Passenger shipping companies regard catering services and activities on board their ships as an accessory yet indispensable component making part of their principal activities, i.e. carriage of passengers and goods by sea. This paper deals with the management and quality of catering services on board ships owned and operated by Croatian largest passenger shipping company "Jadrolinija" Rijeka and reflects many specific features and a critical analysis in this domaine.

scholarly journals Penilaian kinerja perusahaan berbasis penciptaan nilai untuk strategi keuangan dan keputusan investasi

2019 ◽  
Vol 22 (1) ◽  
pp. 23-44
Author(s):  
Elizabeth Lucky Maretha ◽  
Yulita Eka Selvina ◽  
Eny Trimeningrum
Keyword(s):  
Growth Rate ◽  
Consumer Goods ◽  
Sustainable Growth ◽  
Financial Strategy ◽  
Sustainable Growth Rate

Penilaian kinerja menjadi sangat penting untuk perusahaan yang telah terbuka karena perusahaan tersebut harus senantiasa mampu melakukan penciptaan nilai. Penilaian kinerja internal dilakukan untuk membantu menentukan strategi yang sesuai dengan keadaan perusahaan. Penilaian kinerja eksternal bertujuan untuk pengambilan keputusan investasi bagi investor. Penelitian ini merupakan penelitian kualitatif dengan menggunakan 30 perusahaan consumer goods dan dilakukan analisis dari tahun 2011 hingga 2015. Hasil dari penelitian ini dari sisi penilaian kinerja internal adalah 8 perusahaan masuk dalam kuadran A financial strategy matrix, 14 perusahaan masuk dalam kuadran B financial strategy matrix, 2 perusahaan masuk dalam kuadran C financial strategy matrix, 6 perusahan masuk dalam kuadran D financial strategy matrix. Hasil dari penilaian kinerja eksternal adalah 8 perusahaan masuk dalam kuadran excellent value managers, 11 perusahaan masuk dalam kuadran expectation builders, 11 perusahaan masuk dalam kuadran traditionalist, tidak ada yang masuk dalam kuadran asset loaded value managers. Kinerja internal dan eksternal yang baik dari sampel 30 perusahaan, hanya 4 perusahaan yang memiliki kinerja baik, yaitu ADES, HMSP, UNVR, dan MLBI. Implikasi penelitian ini adalah kinerja internal dan eksternal melihat pada EPS (Earning Per Share). EPS di kinerja internal digunakan saat menentukan SGR (Sustainable Growth Rate) atau pertumbuhan sesungguhnya yang harus dicapai perusahaan dari financial strategy matrix. EPS di kinerja eksternal digunakan untuk menentukan current performance. Secara keseluruhan, kinerja internal dan eksternal membentuk penciptaan nilai untuk pemegang saham dalam bentuk laba yang siap dibagikan kepada pemegang saham.

scholarly journals Methodology formation of enterprise financial strategy on the basis of existing models analysis

2020 ◽  
Vol 12 (3) ◽  
Author(s):  
O. Kalaman ◽  
O. Purtskhvanidze ◽  
Yu. Levchuk
Keyword(s):  
Three Dimensional ◽  
Main Idea ◽  
Sustainable Growth ◽  
Variable Component ◽  
Dimensional System ◽  
Combined Approach ◽  
Financial Strategy ◽  
Financial Decisions ◽  
Methodological Approaches ◽  
Three Dimensional System

The article analyzes the basic existing methodological approaches to modeling the financial strategyof the enterprise. It has been noted that the Du Pont model was the first to be developed, based on a modified factor analysis in the direction of key reporting indicators. The main idea of the methodology of "sustainable growth" is in modeling the possible growth rate of the enterprise while maintaining financial stability.T.V. Heniberg, N.A. Ivanova, O.V. Polyakova proposed a combined approach based on a combination of theDu Pont model and the methodology of "sustainable growth". The Franchon-Romane matrix model is quitepopular. M.L. Dorofeev offers a three-dimensional system for evaluating financial decisions and introduces acomprehensive indicator of CRA as a variable component of the rating matrix. One of the most popular andused is the ADL/LC model of A.D.Little. As a result of the study, a scheme for forming the financial strategyof the winery according to an improved methodology was proposed. It formed the basis for formalizing therequirements for the financial strategy of wineries and presenting the stages of formation for it.

SUSTAINABLE GROWTH INDICATORS IN THE CORPORATE FINANCIAL STRATEGY

2018 ◽  
pp. 219-228
Author(s):  
Svetlana G. Tatarintseva ◽  
◽  
Anastasia A. Mardesich ◽  
Anna P. Bodrova ◽  
◽  
...  
Keyword(s):  
Sustainable Growth ◽  
Financial Strategy ◽  
Growth Indicators
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