A Five-Year strategic financial plan for Blue Marine Management Corporation

Executive Summary Blue Marine Management Corporation is a domestic corporation established on April 12, 1995. The entity is a ship management company dedicated to ensuring that the Quality Management System is continuously improving through service. The services the entity provides are ship management services to foreign ship owners or operators of ocean-going vessels. Kawasaki Kisen Kaisha, Ltd (*K" Line) is the entity's principal client which provides revenue source. Through the years, the entity has shown significant growth and expansion after having successful operations. BMMC is continuously stepping up and ameliorating the operation of the business despite unforeseen events. Digging upon the entity's nature of business and its financial performance, the entity has excess cash & cash equivalents and retained earnings that can be reinvested to generate higher and better returns. The financial plan for Blue Marine Management Corporation aims to provide a solution to utilize its excess funds to generate optimal profitability. The proponents recommend three alternative courses of action, which are: (1) Adding new entity (Manning), (2) Investing excess funds to bond investment, and (3) Adding new line of business (Logistics Management). Moreover, the researchers recommend to reinvest the excess fund to a new line of business to provide the company with better profitability. This manning line of business can add value to the company by raising the bar in its industry and attracting new clients to use the entity's services. The projected financial statements for the next five years show improvements in the entity's liquidity and profitability. It shows that the proposed strategies and actions have a positive impact on the financials, wherein they help address the problems the entity faces. Adding the new entity in line of manning service will allow the entity to be more recognized in the industry, as well as create more potential principal clients and increase its competitive edge

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Executive Summary Blue Marine Management Corporation is a domestic corporation established on April 12, 1995. The entity is a ship management company dedicated to ensuring that the Quality Management System is continuously improving through service. The services the entity provides are ship management services to foreign ship owners or operators of ocean-going vessels. Kawasaki Kisen Kaisha, Ltd (*K Line) is the entity's principal client which provides revenue source. Through the years, the entity has shown significant growth and expansion after having successful operations. BMMC is continuously stepping up and ameliorating the operation of the business despite unforeseen events. Digging upon the entity's nature of business and its financial performance, the entity has excess cash & cash equivalents and retained earnings that can be reinvested to generate higher and better returns. The financial plan for Blue Marine Management Corporation aims to provide a solution to utilize its excess funds to generate optimal profitability. The proponents recommend three alternative courses of action, which are: (1) Adding new entity (Manning), (2) Investing excess funds to bond investment, and (3) Adding new line of business (Logistics Management). Moreover, the researchers recommend to reinvest the excess fund to a new line of business to provide the company with better profitability. This manning line of business can add value to the company by raising the bar in its industry and attracting new clients to use the entity's services. The projected financial statements for the next five years show improvements in the entity's liquidity and profitability. It shows that the proposed strategies and actions have a positive impact on the financials, wherein they help address the problems the entity faces. Adding the new entity in line of manning service will allow the entity to be more recognized in the industry, as well as create more potential principal clients and increase its competitive edge.

Filipiniana

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