The Business History of 25 Greek-Owned Shipping Companies Evaluated by the Nonlinear Management plus Two Case-Studies
- 1 Faculty of Maritime & Industrial Studies, Department of Maritime Studies, University of Piraeus, Piraeus, Greece
- 2 Business College of Athens, Athens, Greece
Abstract
The business lives of 25 Greek-owned shipping companies presented aiming at revealing their strategies since their foundation in about 1850s till recently. Furthermore, we showed the strategies that Nonlinear Management suggests which certain of the companies followed. The majority of the managers of the Greek-owned shipping companies, as revealed, controlled their companies feeling four fears : the first derived from the new-buildings; the 2 nd came from the premature death of their owner; the 3 rd derived from the Stock Exchanges’ and the tentative take-over there, and the 4 th came from the shipping depressions. We underlined, especially those companies, which grew faster, and the main facts, which “made Greece a great shipping nation again”, after the almost total destruction of its fleet during the 2 nd WW. Moreover, we analyzed the business patterns applied, almost uniformly, by all Greek-owned shipping companies, following an unwritten tradition. Two case-studies of Greek-owned shipping companies also presented. In the 2 nd , we used a nonlinear analysis of company’s cash-flow and of its income statement. Last, we showed the recommended successful business strategy, which Greek shipowners have to follow working in a cyclical and unpredictable industry like shipping.
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