Silver Ships Case Study

Good Essays
Silver Ships is not as well prepared for the future as it could be in terms of succession planning, diversification and capital structuring. The attached report recommends that Mike McCarty take immediate action to establish a strong plan for the future of the company. The company is currently funded entirely by equity, and the appropriate use of debt to grow the company would provide for opportunities to expand and diversify. McCarty must rely on his vision and innovative skills to expand and promote future Silver Ship models. As Silver Ships grows, McCarty must recognize that he can’t be there forever and for his dream to continue, he must shift his strategic focus towards a succession plan for his company.
Mike McCarty, CEO of Silver Ships, is a tenacious business leader and innovator. He has a natural ability to transform his passion and understanding of the ship building business into a strategy that has helped evolve his company into an industry leader. Silver Ships’ strategic market positioning continues to capture new sales opportunities. This is a reflection of McCarty’s innate ability to predict and embrace the evolution of the boating industry. Since 1985, McCarty has led Silver Ships through countless changes and has positioned his company well for success through this next round of evolution.
1. What are the key elements of Silver Ship's strategy? Which of the five generic strategies is the company pursuing?
Silver Ships is pursuing a focused differentiation strategy. The company, led by founder Mike McCarty, is focused on the highest possible quality and performance. The company's strategy is to appeal to a discerning buyer who is willing to pay a premium price for a custom made boat built with the very best materials using the newest innovative techniques. This strategy is evident in the use of aluminum rather than less expensive materials, the investment in facilities to protect the boats and materials at every stage of production, and

You May Also Find These Documents Helpful

  • Powerful Essays

    Silver Ships Case Study

    • 6825 Words
    • 28 Pages

    4-Hour Case As a new hire of Silver Ships, you have been asked to prepare an industry and company analysis for Mr. Mike McCarty, owner of Silver Ships. Your report should also provide specific recommendations with brilliant justifications based on your industry and competitive analysis. Rev. Confirming Pages g Silver Ships’ Strategy in the Military and Workboat Industry CASE 14 David L. Turnipseed University of South Alabama s Mike McCarty walked through the Silver Ships shipyard…

    • 6825 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Silver Ships Case Study

    • 1582 Words
    • 7 Pages

    Recommendations for Silver Ships to gain a competitive advantage in the Military and Workboat Industry 1. Focus on the Gulf of Mexico a. As stated in Exhibit 4, Silver Ships has had quite a few buyers focused around the Gulf of Mexico. b. Alabama is in the middle of the US shoreline for the Gulf of Mexico. c. Silver Ships can use the International Workboat Show stated in Exhibit 3 to draw more customers from all around the Gulf. i. They have already have had previous…

    • 1582 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Silver Ships

    • 754 Words
    • 4 Pages

    Silver Ships Facilities Silver Ships is located on 16 acres in Theodore, Alabama just South of Mobile on Bellingrath Road. After moving into a 15,000 square foot building in 1996, they soon after expanded a second time. Since then, they have added over 12,000 square feet of additional production space and they have built additional office spaces. All aspects of the vessel construction, from the custom design to the final assembly, are conducted in an enclosed production facilities and the…

    • 754 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Silver Ships Essay Example

    • 1386 Words
    • 6 Pages

    1. What are the key elements of Silver Ships’ strategy? Which of the five generic strategies is the company pursuing? The first key element of Silver Ship’s strategy is multiple growth opportunities. R&D, technology, and product design are also key elements of Silver Ship’s strategy. McCarty adhered to the highest possible quality and performance standards and made taking care of his employees a high priority. The generic strategy that Silver Ships is using is planned proactive moves to attract…

    • 1386 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    The No Silver Bullet: Essence and Accidents Software Engineering (1) is the author of a Ph.D. by Brooks on software engineering, its problems (essential and accidental), and solutions to the problems. Brooks mentioned the causes of the software problems and the solutions’ attributes as silver bullets. Although there were many ideal solutions at the time the paper was published, he still felt that there would not have a perfect solution to be used in both side’s technology and management for passing…

    • 1668 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Additional Accounting Guidance Recoverability Test and Calculation of Impairment Loss Alternative Analysis Summary and Recommendations Appendix Operates one cruise ship that is financed with nonrecourse debt. Decline of 30% in cash flow due to presence of pirates. Financial position as of December 31, 2010 ($ in millions) • • • • • Cruise Ship Estimated Fair Value Net Book Value Net Carrying Value Nonrecourse Debt Net Working Capital (Directly Attributable) Remaining Useful Life of Asset $3.0 $4.6…

    • 1357 Words
    • 17 Pages
    Good Essays
  • Good Essays

    The Link between Ship Size and Operations It is clear that ship size and activities are related, but to what situation? After clarifying the experience of the sector by interviews, focusing the cost price of bigger ships chartered or owned and considering the working procedure, cost effectiveness will possibly not enhance through using these ships. Three views are there about this: First, different studies explain that larger ships will have access to fewer ports because of the limited draught of…

    • 958 Words
    • 4 Pages
    Good Essays
  • Good Essays

    This case begins with the relationship between California and Hawaiian Sugar Company (C&H), the purchaser, and Sun Ship, Inc., the contractor for the design and delivery of a vessel to ship raw sugar for C&H from Hawaii to California. Sun Ship went into contract with C&H on November 14, 1979 and agreed upon the delivery of the vessel on June 30, 1981, one and three quarter years, for the agreed upon amount of $20,405,000 . According to Cheeseman (2013) a liquidated damages clause, defined as “damages…

    • 714 Words
    • 3 Pages
    Good Essays
  • Better Essays

    1. Silver question from the week 12 reading. Describe the role of silver in global commerce between 1450 and 1750. According to Strayer’s text, silver in the global commerce between the years 1450-1750 “went around the world and made the world go round”. My interpretation of this would be that the world and global commerce during this time depended on silver to thrive. Silver became the top reason for trade during this frame of time. The first link to be developed between America and Asia was brought…

    • 1612 Words
    • 7 Pages
    Better Essays
  • Good Essays

    after declining 40% in 2015, but this is an opportunity that investors shouldn’t miss as better silver pricing will take the stock higher. • Silver pricing will improve as solar installations across the globe increase, leading to higher silver demand as the solar industry accounts for 56% of silver consumption. • Due to rising demand, lower scrapping activity, and the maturity of existing mines, the silver market’s deficit is expected to go up to 57 million ounces in 2015. • SLW will capitalize on the…

    • 1033 Words
    • 5 Pages
    Good Essays