The maritime sector plays a pivotal role as an enabler of world trade. About 90 percent (by volume) of goods traded internationally are transported by sea. Additionally, countries with large coastlines may have a significant proportion of their domestic trade transported by sea, rivers, or inland waterways.
Over 50000 ships (of over 1000 gross tonnage) plying world-wide, support the transportation sector, while more than 2000 Ports, along with canals, waterways, and off-shore facilities, serve the Infrastructure segment.
The nature of the business makes it highly capital intensive, with considerable investments being required for acquisition of ships, and building of Ports/ Terminals and associated facilities. Several risks are also associated with the sector. Financial risks arise out of dependency on global economy, as evident from the boom/bust cycles experienced by the shipping industry. Numerous operational risks prevail due to high-value movable assets being subjected to the perils of the sea.
The geographical scale of operations, the diversity of the workforce in terms of skilling, cultures, etc., the physical distances that separate the various functions of a ship operator, are some of the perennial challenges faced by shipping executives. The technological evolutions over the last half-century have demolished many traditional practices in the sector and continue to do so at a rapid pace. Today information technology provides the leverage needed to meet customer demands of cost and time efficiencies.
In this background of complexities, managerial decision-making is a critical success factor which will impact an organization’s survival, growth and sustained profitability. Managers at all levels would benefit from a broader understanding of the business environment, as also the different dimensions of management, in order to achieve organizational goals. Thus an investment in development of managerial skills is imperative both from an individual and a corporate standpoint. The high degree of customization of this programme to suit the maritime sector allows the participants to apply directly the learnings from the classroom to their field of work.
This programme aims to provide the participants:
A deeper understanding of the core concepts of general management, and their application in an integrated manner in the maritime industry.
An enhancement of decision making skills by analysing situations and developing a strategic perspective.
An opportunity to develop a broader awareness of the maritime industry through an exposure to its different sectors and peer-learning with personnel from diverse maritime-related organisations.
The Maritime Environment & Management: Overview of International Trade, Shipping and Ports.
People/Human Resource Management: Managing Team Performance; Negotiation and Conflict Resolution; Developing Leadership Skills.