Ism-5150 - develop a commercial fishing strategy and the


In the Fish Banks simulation, your team was concerned about the costs of your assets such as your ships, the expenses incurred in maintaining these assets in the harbor, your revenue, as well as the cost of permits, licenses etc. While these were "given in the simulation" in the real world you will have more control over these. The fish you catch are a perishable item and thus they lose value if they are not sold before they perish and are not sellable. This relates to your supply chain. It might be helpful to know how to allocate the type of fish you are fishing for in real life (coast, deep etc.) based upon demand since the fish are perishable.

Now that you have run the simulation and have a general idea of the commercial fishing business and some of the issues and constraints in the business, develop a commercial fishing strategy and the related IT that should be applied. Remember you want to build a viable and thriving fishing company. Build a strategy and do detailed research to determine if your commercial fishing company idea/plan is legal and viable in the real world with all its constraints (fish stocks, permits and their number and prices etc., boat types and equipment prices etc. Also determine what technology is available, or is planned or in initial stages to help you in your business where the product supply is limited and perishable. Think of this as a well thought out and researched business plan/ presentation that you would give to an investor.

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