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BUSINESS CAPSTONE PROJECT Name Course Description Description The size of Maritime Company

   

Added on  2021-06-17

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BUSINESS CAPSTONE PROJECTNameCourseDate

Summary The size of Maritime Company is what we refer to as a small to medium sized organization that has about 40-50 employees. Since then until today, their board is made up of big enterprises type organizations and the reason why they requested for our service was to comein and give a review of why transformation was evident in the organization. Apparently, a lot of factors seemed to contribute to the changes within the organization. As established these were organizational based, cultural and technological. Which means the company was delivering technological service at the same time in Marine Safety. The main objective of this report is to find out the problem in Maritime Company. Consequently, the management is finding it hard to alter operations in the company and allow it fit better in the market. As stated earlier, the cause of the problem is difficulty to explore new ideas and try them in the company. This has been caused by the relaxation to formulate new ideas since the old ones have continued to serve in the past until now when they are becoming useless. As such Maritime Company is giving her competitors the chance to take advantage and thrive ahead.The report highlighted five solutions that the company can incorporate to gain its stabilityonce more. One is to motivate employees and involve them in decision making. Also, it can come up with new ideas and skills. Finally, conduct a good market research and involve the use of more advanced technology. The proposed results have been compared and evaluated depending on the decision criteria and SWOT analysis. In addition, the implementation and implication involved in the process include illustrating the manner in which solution is offered and the effect on the company.

Issue.The issue we had to provide a solution concerned a private sectors organization that operated on the maritime safety industry. The company according to our analysis was fully established and its services were provided across to many organizations. The particular problem began due to a point of inflection that the organization arrived. Initially, the company had established a variety of services which of course were popular and known by other organizations that they carried with business. Moreover, their performance financially was satisfying to them and they had a good bond with customers in the markets. Whatever the company had acknowledged earlier around is that they could not remain static as a company thus they thought it better to alter the way they provided services to their clients. A lot of changes were evident in the external environment and so themselves they need to change. Regardless of their hard stand on their activities, the company had begun making changes about three years ago before involving us.The problem became complicated when Maritime Company had inflection at three different stages where they got impelled to prevent the changes that were occurring then until they begun again, this time raising a big concern to the management and the company as a whole. The concern entailed, funds, regulations by the company, reputational risk and also sustainability of the services since their directly had an effect on Maritime safety. Good enough, the company was able to realize unless they changed their structures them it was going to be hardto deliver its services successfully, making them invite us over for a solution.CauseThe problem at Maritime Company had been attributed by a number of factors; key among them by the organization itself. The organization lacks an independent perspective on the

appropriate success to lead to transformation. Besides, it had minimum independent oversight in the manner it can create change or rather adjust to the inflections that it encountered. To a given extent, there was also a degree of organizational capability which was missing. Even though this had been identified by the organization in the past years, it made minimum efforts to rectify the problem. Instead, the company kept providing parallel services without internal changes and transformation. In other words, the company did not show the desire to change and adjust towards reaping positive outcomes. The same management that is blamed for the outdated styles opposed the idea of new changes in the company. Any suggestion to bring change was stopped by their decision which ensured such projects remained pending. According to them, all they hadwas enough since the company was still doing well with its operations even with the traditional services. Bold enough, they saw no point of change as long as the company was in a position to deliver services to its clients. More causes of the problem as identified were, the approach towards problems was one continuous method, with similar capability and similar service. Of course, this was to maintain the traditional style in services delivery without ever initiating a newidea. So the problems remained constant, without a solution. The company continued to deliver even in such a status but realized slowly their competitors had become fast in overtaking them and taking over the market. Also, they admitted very little had been done in terms of innovation hence part of the problem. Each time, their risk associated with the company`s reputation and its commercial status was so high that they had to find a solution. One key reason as to why we had to come in and carry out the reviews. At least, it can identify different options to select the best one moving forward. AlternativesAfter reviewing the company, we established five key alternatives to serve as solutions for Maritime Company. As we suggest the implementation of these alternatives can bring foresee

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