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If Carnival can successfully implement a focus on safety and maintenance, they can increase consumer confidence in the brand and share earnings. 2. Organizational Structure – Carnival currently operates in a top-down hierarchical management structure on their ships. While this system does have benefits, certain safety issues have been increased due to this structure. Employees who interact directly with guests or machinery are the first to see changes in accounting their environment and understand what these changes may mean. These employees that have first contact with issues usually have no authority to act on them, and must wait for decisions to be transmitted up the chain of command and then back down again. By focusing on employee empowerment and increasing the cohesiveness between managers and employees, Carnival can promote better communication on their fleets and Online glencoe guests will be able to see in accounting increase in both service and homework for accounting safety that can be crucial to customer confidence and purchasing power. 3. Predominantly US Customers – Carnival Corporation focuses a majority of Get assignment help with, their advertising campaigns to US customers, which has narrowed the scope of their profitability. Relying primarily on US customers can be risky, especially when some of the help glencoe, safety incidents are happening close to home. To successfully integrate resolve to the problem statement, Carnival needs to focus on marketing to other nations around the world, offer incentives to US cruisers to keep cruising, and Get assignment with accounting add to their market expansion. Travel Agency Bookings – Carnival Corporation’s bookings are done mainly by travel agencies on behalf of customers.

As the need for easier access to bookings grows, Carnival Corporation needs to focus on other easy access ways to book and have questions answered, such as a larger focus on internet and phone services. Some customers may not be informed of the options available for accounting pdf, cruising when taking a vacation and Get assignment accounting the use of travel agencies has declined significantly. If Carnival were to focus on friendlier, self-sufficient options, potential guests may be more inclined to spend and invest with their brands. Provide an external environment assessment: list and describe 2 opportunities when exploited would facilitate achieving a successful problem statement outcome; list and describe 2 threats that unless mitigated would present substantial opposition to a successful problem statement outcome. 1. Promising Demographics – As populations in North America and Write persuasive speech Europe increase in age, Carnival’s market increases as well. Accounting? Carnival can take advantage of the aging populations by focusing on these consumers to embrace cruising as a vacation option. Identifying vacationers ready to take their first cruise, enter retirement, or with extra discretionary income; Carnival can capitalize on this opportunity to gain and retain new customers, ultimately increasing their revenue and share profits. 2. Asian Market – The cruise market for Asian customers has significantly grown over the past few years, opening opportunities for new market segments for Carnival.

Since 2010, their segment has grown by over 40% due to geometry help increasingly aging and affluent consumers. Currently, Carnival lacks in this market, having only one ship focus on the Asian segment4. By expanding a new brand into the Asian region, incorporating more Asian themed cruise itineraries, or merging with another cruise line to conquer the with accounting, region, Carnival Corporation could make an enormous increase in not only their customer base, but profit as well. Bachelor? Threats. 1. Fuel Prices – Although a smaller percentage of Carnival’s pricing assembly, fuel prices can be unpredictable, and dangerous to Get assignment help a company that is trying to keep costs low and increase share profits. Write Thesis? By focusing on fuel hedging and promoting more eco-friendly, fuel efficient equipment, and Get assignment help with accounting Carnival can help mitigate some risk and Write persuasive speech financial uncertainty that may result from higher fuel costs.

Short term profitability could be negatively impacted if the price of Get assignment help accounting, oil continues to rise and Carnival chooses to not have measures in place to keep a controlled, hedged supply. 2. Political Uncertainty – Increased political tensions in some areas around the geometry book glencoe, world, such as Europe, the Get assignment help with accounting, Middle East, and Southern Asia can hinder Carnival’s itineraries and disrupt certain cruises and port destinations. Carnival can counteract potential threats by preparing to move from one destination to another, having backup itineraries for good, cruises in unstable areas, and keeping guests informed of any issues. By focusing on these strategies, Carnival can try to contain losses that may have been sustained by Get assignment help accounting cancelling cruises in these areas. 5. Identify best strategy type. A. Defend selected strategy type with reasons why it will mitigate problem. Carnival currently operates with a cost leadership strategy focusing on Online help book, value chain activities by being a low cost producer of cruises where buyers may not see much difference from brand to brand, and ultimately holding a huge market share. Get Assignment? Carnival Corporation has established themselves as a dominant, cost efficient choice for consumers, but to increase revenues and earnings per share, expanding their services into new geographic areas, such as Asia, will have the most benefit.

Carnival is established as a successful organization that has the experience, production capacity, human resources, and capital to enter in to Write persuasive speech this new market which is all crucial to utilizing a market development strategy. Market development in Asian areas will increase revenues and share earnings in an area where Carnival is currently receiving little revenue. 6. Discuss strategy implementation: address key implementation factors. For Carnival to successfully implement the market development strategy, it is with accounting, key to Online help focus on certain factors. Get Assignment Accounting? One factor that is crucial is researching their new demographics by product positioning. By identifying the area to pdf introduce new cruises as the Asian market, Carnival has formulated where the Get assignment help, strategy will be most effective, but needs to Instant recipe capitalize on help accounting, what the Advanced accounting pdf, Asian market desires from a cruise line.

By researching another cruise line in the Asian market, Star Cruises, Carnival can adapt and with improve on what works well for them. Another key factor to Help thesis bachelor implementing this strategy will be advertisement. Marketing needs to be done not just in the new area for development; but all around the world to potential cruisers who may want to with accounting cruise with a familiar brand in an unfamiliar place. Carnival would be foolish to only market these additional services to people in Online the Asian geographic area. Get Assignment Help? Another key implementation factor will be obtaining and training new staff that is familiar with Asian language and culture to Help thesis make this development successful. Asians are much enriched in history and for a cruise line to be successful in their culture it is necessary to provide not only the staff with essential information, but make sure the Get assignment with accounting, ships servicing this area are constructed to do so as well. A. Discuss the following: organizational design issues that impact strategy implementation; example, reengineering challenges, structure issues, responsibility, and authority. Discuss resourcing. Discuss one other factor tends to impact strategy implementation. Carnival Corporation may encounter implementation issues when trying to Write good persuasive reengineer their organization. One crucial aspect to with accounting the market development, especially when entering an unfamiliar market, is to reduce barriers to rival companies, to see how they operate best.

Carnival may gain a lot of advantage by reengineering their Asian market to help book mirror high points of Star Cruises, but communicating with Star Cruises may be difficult as Eastern countries have very different managerial styles. The power and relationships will need to help with accounting be restructured in Asian markets because Carnival currently operates with a top-down managerial style which is the opposite of most Asian countries, who tend to Connect answers focus on team oriented goals and management. Carnival’s current managerial structure will need to be redesigned to with be in tune with those of Asian cultures; otherwise there may be confusion for both employees and guests while onboard. Carnival Corporation needs to allocate enough resources to the new Asian market to show they are consistent with making this development their newest priority. Carnival is currently equipped with an abundance of necessary implementation resources: financial, physical, human, and technological; and can utilize all these resources in implementing their market development. One factor that may impact strategy implementation is the newly anticipated power positions created by entering a new market. Human resources may find conflicts when making decisions on how to promote and maneuver an entirely new development segment. 7. Discuss strategy evaluation: control systems. By initiating the development in the Asian market, management will be able to control and monitor the success of the projected strategy by evaluating consumer confidence in Carnival as it begins its expansion process. A. Specifics on how review, adjustment, and Help write thesis control performed.

Control will be evaluated by the earnings per share calculation. By implementing a new brand into the Asian segment, Carnival can observe the earnings per share for that specific brand and factor that towards the overall earnings per share of Carnival Corporation. By producing projected ship and Get assignment help accounting itinerary plans, Carnival can gauge customer interest and confidence in speech the new brand. Carnival can increase the effectiveness of this strategy by offering early booking promotions for help with, the new market segment along to boost revenue and Write good persuasive consumer confidence. B. Specific methods of performance measurement and strategy management. Help With Accounting? New market performance will be measured by the earnings per share calculation.

Earnings per Write persuasive speech, share represent the Get assignment accounting, portion of a company’s stock that is allocated to one share of stock. Earnings per homework for accounting, share are found by dividing the company’s total net income by the outstanding shares. Any increase will be an improvement on the current calculations of $0.00, but earnings per share will need to improve to $0.10 to achieve the projected outcome. 8. Get Assignment? Close with a discussion of contingency planning. A. Describe one issue that could derail successful strategy (and goal achievement). One issue that could derail the successful strategy execution of expanding in to the Asian market is the management structure. Eastern and with letter Western cultures are so opposite in management and treatment of employees that it may be difficult for Carnival to implement successful growth in a market that is so foreign to them. Using the with, management strategies that work so well in the Western cultures are opposite to the successful management structures in Eastern countries. It may be difficult to find employees who are open to a new style of Advanced accounting pdf, management, and management who is open to managing in accounting a different style. To incorporate this new management restructuring it will be crucial to bring on leaders familiar with the Asian business culture, which may not have cruise industry experience.

B. Next, identify an alternative (contingency) plan that would effectively resolve such an event. If Carnival is unsuccessful in homework answers for accounting developing new growth in the Asian market, a contingency strategy would be to perform a friendly merger with Star Cruises who already have a customer base in the Asian segment. Star Cruises underperforms even in a hugely profitable and fast growing market. Carnival’s financial resources and cruise management experience could benefit Star Cruises to increase their financial success, which will in Get assignment help with accounting turn give Carnival a step in the right direction to expand their market share and increase earnings and dosa recipe flour customer confidence on a global scale. Is this the perfect essay for Get assignment help with accounting, you? Save time and order Carnival Corporation Case Study. essay editing for only $13.9 per page. Top grades and Online geometry help book glencoe quality guaranteed! Relevant essay suggestions for Carnival Corporation Case Study.

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