There are some theories in economics that someone may use to explain how certain business can grow. For instance, locational advantage, resource-based view, competitive advantage, and many more. Can you share your opinion on the above question?
I have conducted a study on port authority perspective in aswering the question: on what basis they use for growth strategy decision making. Using the analytic hierarchy process approach, the study found that the port authority tend to use resource-based view as the basis for their growth strategy. FYI, the data were gathered from small port authorities in developing country. From the literature review, some ports prefer to the competitive advantage (generic strategy) as the basis for growth strategy and some prefer to market-based or core competence-based. Any one wants to share something about this?
Thank Laura. You're rite to big ports they tend to focus on competitive advantage.
There is a book called "the Box" that I think is one of the first assessments of the containers economic impact. It traces thehistory of development. Mark Levinson is the writer, look him up on utube, very interesting. The competetive advantage comes together with technological innovation, governance changes and reduction of labour costs. If you dont read anything else read this.
A frame reference also for this issue (although he deals more with the maritime economy cycles than with LONG RUN TRENDS) is my fav handbook: Stopford, Martin
(1988_1, 1997_2, 2009_3rd ed.) Maritime Economics. London and New York: Routledge.
I also believe that, besides the core and primary innovation issue (dealt with by "The Box"), there are VERY important organisational factors at work. It is AS IF a managerial gene of growth has entered world ports systems (of course differentially, evolutionaryly) in this postwar; in the sense of the business history literature, namely Alfred Chandler Jr.
The port management and growth challenge is that you, e.g. as a Port Authority or operator, are just a node of a SYSTEM, there is no evolution of the node by itself. So, a NETWORK approach I believe would be a promising one. Besides atn to the management best practices hat have made the POTENTIAL container innvation become reality.
Thanks to Vivian Straw and Enzo Arcangeli for your comments. I agreed with you both. The box or containerization has made this world smaller and world trade bigger. We owe to those people who have introduced this box system in our international trade movement. Yes, maritime economics is a great book by Martin Stopford. Another great book is Port Economics by Wayne K. Talley.
The Economist: http://www.economist.com/news/finance-and-economics/21578041-containers-have-been-more-important-globalisation-freer-trade-humble
Thanks Enzo for sharing the link, such an inspiring and stimulating article about role of "the box" in international trade. We need more inventions such a thing in our time for betterment of life.
Anyone uses the following theories in port analysis?
- Resource based view
- Core competencies
- Market based strategy
- Opportunity based strategy
- Competitive based strategy
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