Michael Porter News

Huntington Ingalls Industries' Ingalls Shipbuilding division has honored six teams and three individuals with "President's Awards for Excellence" for their outstanding and innovative work on shipbuilding projects. "We build some of the most complex, technologically advanced products in the world," said Ingalls Shipbuilding President Irwin F. Edenzon. "We need men and women who are innovative and engaged in their work. Each year, Ingalls presents the President's Award for Excellence to shipbuilders for their outstanding contributions in the areas of innovation and technology…

The study employs Michael Porter’s famous model designed to determine how competitive forces shape strategy in order to better understand the current state of, and contemporary and future challenges faced, by Private Maritime Security Companies (PMSCs). The model used allows companies to understand that competition extends beyond their professional rivals and includes many other factors that affect the framework in which the industry operates. Those PMSCs that lack a deeper knowledge of competitive considerations will find it difficult to stay profitable.