Ansoff Matrix for the Most Renowned Shipping Company in the World Case Study

Ansoff Matrix for the Most Renowned Shipping Company in the World - Case Study ExampleVarious experts select provided diametrical definitions of strategy and strategical management. Firstly, Alfred D. Chandler and according to him Strategy is the determination of the basic long term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary for carrying out these goals.Secondly, Ansoff and McDonnell have defined strategic management as A systematic approach for managing strategic change which consists of the positioning of the firm through strategy and capability mean and real-time strategic response through issue management. (Cole, 2003) Strategic management is very important to identify various options that can be used as effective strategy in the process of achieving overall business objectives. There atomic number 18 several tools and models that are used by business boldnesss in instal to identify various strategi c options. This report deals with the identification of potential strategic options in the context of Norden, in order to find out these options a strategic tool such as Ansoff matrix critical analysis and implementation of a theory is used. Moreover, a recommendation which is regarding the technology-driven change in the business of the organization includes the possibilities of such strategic changes driven by new technology.Dampskibsselskabet Norden, one of the oldest shipping companies in the world, was established in the year 1871. It is an independent shipping company that has its charge in different parts of the world. The company headquarter is located in Denmark. Apart from Denmark, Norden has its offices in Shanghai, Singapore, Annapolis, Mumbai, and Rio de Janeiro. The company mainly deals with tankers and juiceless cargo and is one of the largest organizations in the dry cargo industry. Moreover, it is one of the biggest operators of Panamax and Handymax bulk carriers. Recently the company has entered the segment of Post-Panamax. In addition to dry cargo, the company is present in the tanker segment and has about 36 tanker vessels (DS- Norden, n.d.). There are three business departments of the operational activities of Norden which are tanker department, dry cargo, and technical department. Technical department operations are in the technical management of crewing, fleet, inspections and purchase, safety and environment.