ANALYSIS OF SWEDISH FISHERY COMPANY USING SIV® MODEL: A CASE STUDY

Abstract

In his original work of the Survival Index Value (SIV®) model, Dr. Adli Abouzeedan proposed a new parameter, which he named as the Survival Index (SI) (see Abouzeedan, 2001; Abouzeedan and Busler, 2002a). The new parameter is used to evaluate the performance of Small and Medium-size Enterprises (SMEs) utilizing firm survivability as an indicator. The SI is calculated using an equation known as Survival Index (SI) Value Equation or SIE. In this paper, we applied the SIV® model to run an analysis on a very young Swedish firm and up to our knowledge, for the first time. The firm is a small one, working within a business sector defined as "fish preparation industry". This particular enterprise had a bad performance through its short life. The purpose of this study is to truly determine if the SIV® model has the capacity to indicate the performance of the firm. The case study presented in this work showed the valuable analytical power of the new model since it succeeded in giving a clear indication of the worsening situation of the enterprise. During the SIV® analysis of this Swedish firm new concepts have been introduced which do increase the practicality and analytical capacity of the model.