Case Solution for Ransom on the High Seas: The Case of Piracy in Somalia

Complete Case details are given below :
Case Name :      Ransom on the High Seas: The Case of Piracy in Somalia
Authors :           Alvaro Cuervo-Cazurra, Michael Train, Jeanne M. McNett
Source :             Ivey Publishing
Case ID :            W11524
Discipline :        General Management
Case Length :    09 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
The setting of this case is off the coast of the failed state of Somalia, where incidents of piracy have increased dramatically over the past few years. In this case a group of 14 pirates have hijacked a cargo ship full of machinery, but have yet to make any demands. They hold the multinational crew of 20 (whose captain and two officers are American), the ship, and the cargo hostage. The Chief Operating Officer of an international shipping company must choose among alternative strategies to get the crew, cargo and ship, back safely with as little cost as possible.
 
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