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Abstract – Indian Register of Shipping (IRS) (Fig. 1) is an internationally recognized independent ship classification society, founded in India in 1975. It is an associate member of the International …
Abstract – Indian Register of Shipping (IRS) (Fig. 1) is an internationally recognized independent ship classification society, founded in India in 1975. It is an associate member of the International Association of Classification Societies (IACS). IRS is a non-profit making organization. It has a Committee of Management with representatives from the Ministry and from each industry segment that uses its services. Today IRS provides professionally competent, completely independent and highly efficient third party technical inspection and certification services for all types of ships, marine craft and structures. IRS has 15 offices located all over India. It has overseas offices at China, Sri Lanka, Dubai, Singapore. Recently, in April 2009 it has opened an international office in Greece. In this report, the pros and cons of opening the office in Greece is analyzed from international management point of view by collecting data by interviewing a few senior officers of IRS (full interview is given in Appendix). Strategy behind opening office in Greece, strength and weakness of IRS, possible risk, communication and cultural aspects are analyzed chapter wise by using Porter’s Diamond model, Porter’s five force analysis and Hofstede’s Cultural Value Dimensions. At the end, conclusions are drawn in analyzing all aspects.