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Corporate Growth Strategy

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Corporate Growth Strategy
Carnival Corporation Growth Strategy
Academic Report on Strategic Management by Diana Romanova 100878 Strategy & Communication EHM3.SC-02
December 10, 2012
Abstract
The purpose of the report is to discuss the current strategy of the Carnival Corporation, the world leader in the cruise industry. Based on the external and internal situation analysis the new growth strategy is formulated. The recommendations on the strategy implementation and evaluation are provided by terms of the various strategic theories and models. The projected internationalization strategy may result in the improvement of the financial business situation, by increasing the corporation’s profit margins and shareholder value, and non-financial indicators, for example, brand awareness. Moreover the company can adapt the proposed scenario for entering new markets in the future.
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Table of Contents
Abstract ...................................................................................................................................... 2 Introduction ................................................................................................................................ 4 Situation Analysis ...................................................................................................................... 5 Strategic Direction ..................................................................................................................... 6 Formulating a strategy ............................................................................................................... 8 Strategy implementation ............................................................................................................ 9 Monitoring and evaluating strategic performance ................................................................... 10 Conclusions and recommendations.......................................................................................... 12 Works Cited



Cited: Barney, J. B. & Hesterly, W. S., 2010. Strategic management and competetive advantage. 3rd ed. New Jersey: Prentice Hall. Campbell, A. & Yeung, S., 1991. Brief Case: mission, vision ans strategic intent.. In: P. J. Smit, ed. Strategic Planning Readings. Cape Town: Juta Academic, pp. 127-132. Collins, J. C. & Porras, J. I., 1996. Building your Company 's Vision. Harvard Business Review, September - October.pp. 42-55. Cunill, O. M., 2006. The growth strategies of hotel chains. In: Binghamton: The Haworth Hospitality Press, pp. 1-69. Grundy, T., 2006. Rethinking and reinventing Michael Porter 's five forces model. Strategic Change, Issue 15, pp. 213-229. Hunger J.D., W. T., 2011. Essentials of strategic management. In: New Jersey: Pearson Education, pp. 94-113. Javidan, M., 1998. Core Competence: What does it mean in practice?. Long Range Planning, 31(1), pp. 60 - 71. Johnson, G., Scholes, K. & Whittington, R., 2005. Exploring Corporate Strategy. In: Essex: Prentice Hall, pp. 279-339. Johnson, M. W., Christensen, C. M. & Kagermann, H., 2008. Reinventing Your Business Model. Harvard Business Review, December, pp. 57-67. Jones, G. R. & Hill, C. W., 2010. Theory of Strategic Management. 9th ed. China: South Western CENGAGE Learning. Jones, G. R. & Hill, C. W., 2010. Theory of Strategic Management. In: 9th ed. China: South Western CENGAGE Learning, pp. 14 - 16. Kaplan, R. S. & Norton, D. P., 2007. Using the Balanced Scorecard as a Strategic Management System. Business Harvard Review, July-August, pp. 97-108. 13 | P a g e Kaplan, R. S. & Norton, D. P., 2008. Mastering The Management System. Harvard Business Review, January, pp. 1-17. Neilson, G. L., Martin, K. L. & Powers, E., 2008. The Secrets to successful strategy execution.. Harvard Business Review, June, pp. 83-93. Porter, M., 2008. The five competitive forces that shape strategy.. Harvard Business Review, pp. 25-40. Prahalad, C. K. & Hamel, G., 1990. The Core Competence of the Corporation. Harvard Business Review, May - June.pp. 1 - 15. Richardson, J., 2008. The business model: an integrative framework for strategy execution. Strategic Change, Issue 17, pp. 133-144. Vogel M., Papathanassis A., Wolber B., 2012. The business and management of ocean cruises.. In: Oxfordshire: Cabi, p. 25. 14 | P a g e

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