StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Management of Fishing Enterprises - Essay Example

Cite this document
Summary
The paper "Management of Fishing Enterprises" states that the main aim of this experiment is to get insight into how fishing companies are managed. A good way of ensuring that a company s getting good returns is by maintaining good financial records…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Management of Fishing Enterprises
Read Text Preview

Extract of sample "Management of Fishing Enterprises"

The procedure in this game consists of several steps. The first one is receiving computer printouts and records. The next step is the collection of ships and money. This is achieved in two ways; one is by bidding auctioned ship. This is followed by buying and selling ships during the auctions. The other option is placing orders for the construction of new ships. After that, the company now uses the existing record to calculate the size of the fleet. The available ships are then allocated to the different fishing areas and placed on the game board. Finally, the decision sheet is submitted to the operator.

In ensuring that a fishing company gets the best from each transaction, it has to make crucial decisions. This is the reason why it needs to keep its fleet at its current size or expand it. In cases of expanding the fleet, the decision has to be made as to whether the new ship should be acquired through bidding in an auction or ordering new ships to be constructed. In this experiment, the focus is on selling the fish cash at $ 20 per fish. The main expenses incurred were from buying ships from auctions and ordering the construction of new ones. The company also operated a shipping fleet in the different fishing areas which required additional maintenance costs. The ship sent to the deep sea made considerably greater returns in terms of the size of the fish caught compared to the coastal bank. The company ensured that it made great profits by maintaining low initial bank balances. From the decision sheet provided, it can be observed that the number of ships that remained in the harbour was higher than the number of ships sent into the deep sea or the coastal harbour. This shows that the company was not able to utilize its resources fully to get the maximum assets. At one point, there was only one ship sent to the deep sea while the rest 18 were at the harbour. This ensured that it got a great fish catch by maximally utilizing the existing resources. The great catch was also a result of the fishing area being highly productive since they have not been overharvested.

The experiment was not able to achieve its main aim which was to get the greatest asset or profit from this game. This is because although the company acquired several ships, most of them were left lying idle at the harbour and did not contribute anything. This then implies that the company could have been better off with s smaller ship fleet that was fully utilized in fishing.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assignment Essay Example | Topics and Well Written Essays - 500 words - 37”, n.d.)
Assignment Essay Example | Topics and Well Written Essays - 500 words - 37. Retrieved from https://studentshare.org/environmental-studies/1620504-assignment
(Assignment Essay Example | Topics and Well Written Essays - 500 Words - 37)
Assignment Essay Example | Topics and Well Written Essays - 500 Words - 37. https://studentshare.org/environmental-studies/1620504-assignment.
“Assignment Essay Example | Topics and Well Written Essays - 500 Words - 37”, n.d. https://studentshare.org/environmental-studies/1620504-assignment.
  • Cited: 0 times

CHECK THESE SAMPLES OF Management of Fishing Enterprises

Small and Medium Enterprises

While on the one hand this affected the economic factors of the region or country, on the other the SMEs started realising the need for pressing changes in the management of different aspects of the enterprise. ... With globalisation, the management of SMEs have now started giving more thought towards the viability of the venture in the long-term before making strategic decisions for acquiring different types of resources.... Small and medium enterprises (SMEs) are considered a key component of the local market, as they serve the customised needs of the local people and local industries....
5 Pages (1250 words) Essay

Marketing Channel - Reverse logistics

Therefore, it involves planning, implementation and management of proficient, cost effective streaming of raw materials in process catalog, finished products and other information reversing from the consumers point back to the origin.... According to Günter, 1 reverse logistics is a term that clearly defines the inverse of the flow of goods and services from the manufacturer to the consumer....
5 Pages (1250 words) Essay

*love* Social Enterprise

Legislation and regulation governing on the management of social enterprises differ around the world and as a result, social enterprises find it difficult in harmonizing their activities (Sladovich 29).... Unlike other enterprises, social enterprises offer services under double or triple bottom line strategy.... Using this strategy social enterprises offer.... Unlike other enterprises, all the profits made by these enterprises are reinvested into offering more services to the society (Noya 12)....
2 Pages (500 words) Research Proposal

Role of VOS in the Marketing Success of VOS Enterprises

The marketing research proposed in this paper "Role of VOS in the Marketing Success of VOS enterprises", is based on the case study of VOS enterprises-Revda, wherein VOS enterprises is a network, the expanded name of which being All Russia Association of the Blind (VOS).... In the backdrop of the marketing problems faced by this enterprise in the changed context of post-Peristroika Russia and also in view of the contribution that VOS played in winning back its market success, this study envisages finding out the role of VOS in the marketing success of Revda enterprises....
4 Pages (1000 words) Essay

Background of Social Enterprises

This paper "Background of Social enterprises" focuses on the fact that social enterprises aim at attaining triple bottom line measurements that include economic, social, and environmental objectives.... The enterprises focus on innovation and creativity and profits are reinvested towards social and environmental activities that enhance the welfare of the society.... Social enterprises are supposed to implement innovative ways to solve their challenges such as initiating revenue-generating activities that will overcome their resources....
9 Pages (2250 words) Term Paper

Intangible Assets

An intangible asset has a distinctive downside, value-decreasing characteristics as well, such as it is problematic to manage, control, trade, measure or value, it represents a riskier investment, and unlike its tangible counterpart, it is not a financially proven asset [Value Based management]....
9 Pages (2250 words) Coursework

Analysis of Social Enterprise

All the same, the overall driving force behind the social enterprises is to benefit the members and offer opportunities for the community to grow.... he three major roles that social enterprises play including meeting the needs of a particular community, benefiting the members through the creation of opportunities for self-empowerment and creation of prosperity and chances for growth within a community, are made possible through the incorporation of people who work in different capacities to ensure the above roles are met (London 2001pp20-23)....
6 Pages (1500 words) Coursework

Magnum Enterprises and Technological Challenges

On the other hand, different challenges that are involved in the e-business process and IT-based management of Magnum are outlined in the second part (Durbin & Tomlinson, 2014).... The paper "Magnum enterprises and Technological Challenges" presents that information technology is one of the most emerging factors from the organization's perspective.... In the current study, the role of the IT manager in Magnum enterprises is outlined in the first place....
6 Pages (1500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us