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Home/Snapshots/Snapshot in International Business for Ship Suppliers

Snapshot in International Business for Ship Suppliers

Snapshot in International Business for Ship Suppliers

Course Description

in exclusive collaboration with the International Ship Supplier's & Services Association (ISSA).

In an increasingly globalized maritime industry, ship suppliers expand their horizons and embrace international business opportunities. This one-hour pre-recorded intensive seminar provides ship suppliers with a comprehensive understanding of the complexities and strategies involved in international business, understanding the constant challenge of balancing between local and global operations, and thereby equipping them to thrive in the global marketplace effectively.

Learning Outcomes

Upon completing this course, participants will be able to:

  • Understand the fundamentals of international business and its relevance to the ship supply industry
  • Evaluate the opportunities and challenges in international trade and operations for ship suppliers
  • Identify key strategies for international market entry and expansion
  • Navigate the complex legal and regulatory context of international business transactions
  • Realise the importance of the non-market and political environment for globally operating businesses
  • Understand the various types of global strategies and the influencing factors on organisational structures in the global context

Modules & Material

Introduction to the seminar

Presentation 1: Introduction to International Business

  • Defining international business and its importance for ship suppliers
  • Mapping out the complex and global operational context of ship chandlers
  • Importance of global strategy in today’s world for ship suppliers

Presentation 2: Reasons for Internationalisation in the Ship Supply Industry

  • Trends and drivers of internationalization in the ship supply industry.
  • Discussion on domestic vs global strategy for ship suppliers

Presentation 3: International Adaptation

  • Defining the level of adaptation needed for ship suppliers
  • 10 key factors for international adaptation
  • Examples for each factor for ship suppliers

Presentation 4: International Market Expansion

  • Step-by-step process of international expansion
  • Illustrative Example in the maritime industry for a ship supplier deciding to enter an overseas market

Presentation 5: Market Entry Modes

  • Opportunities and challenges for each mode:
    • exporting
    • licensing
    • partnering
    • acquisition
    • greenfield venturing

Presentation 6: Political Environment and Host Government relations

  • definition and examples of the non-market for ship suppliers
  • how governments affect global operations
  • the impact of NGOs on global operations (ESG)
  • working with host governments – recommendations & best practices

Presentation 7: Case study analysis & Best Practices

  • strategy analysis of:
    • Wrist Ship Supply
    • Admiral Harding
  • Discussion of the differences in a global vs domestic strategy for ship suppliers
  • Lessons learned from international business success stories in the industry

Course Instructors

    Magdalena Langosch
    Cross-Cultural Management & Internaltional Business

    Duration & Certification

    Note:
    • There are no fixed course start dates.You can start your course ANYTIME, from ANYWHERE adapting the duration of the course to your needs.
    • Attendance:3 notional hours ( prerecorded videos approximately 2 1/2 hours, in total).
    • There is a time limit of access to the course of 3 months in order to fulfill this course starting from the time of your registration.
    • The WMA-ISSA must be in receipt of full payment before access to the course is granted. Each participant is provided with the maximum number of days per course days access to the course. If you fail to complete the course during that time, then you must register again and repay for the course to be granted with access.
    • No course material may be copied or reused without the permission of the World Maritime Academy. You must not allow any third party to use your account information and/or computing equipment to access the digital content or course that you have booked. You may only use course materials for your own personal use. You must not provide, offer to sell, license or transfer the course materials (whether in whole or in part in any manner or form or in or on any media) to any other person unless we have agreed to this in writing.

    Upon successful completion certification of attendance is provided by the World Maritime Academy and the International Ship Supplier's & Services Association (ISSA).

    Entry Requirements

    The seminar is open to those willing to acquire knowledge on the specialized shipping topic, irrespective of educational background or experience.

    ISSA members EXCLUSIVE FEE

    Are you an ISSA member?

    Get in touch with us (support@e-wma.com) to secure an exclusive 20% discount on the fee.

    Before registration simply share your ISSA company number or your membership number with us at (support@e-wma.com)

    The above discount is exclusively applicable to the ISSA Education Program.

    $160.00

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    Duration: 3 notional hours
    Number of modules: 1 Session - 7 Presentations
    Fees: $160
    Language: English
    Course Tools: Self-paced course; Pre-recorded Seminar, Check your Knowledge Quiz Questions, Extra Resources, Course Instructor, Course Forum, Certification, Course Administrator.

    Are you an ISSA member?

    Contact us at support@e-wma.com to claim your exclusive 20% discount. Prior to registration, please provide us with your ISSA company number or membership number.

    The above discount is exclusively applicable to the ISSA Education Program.

    WMA /ISSA courses

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