Carnival Cruise Lines Strategic Audit Group 2: Michael Kenlan Karen Maxwell Brian McKearney Tara Murphy Zach Smith MIE 480‚ Spring 2010 North Carolina State University Table of Contents Table of Contents i Executive Summary 1 Introduction 2 External Enviornment anaylsis 3 Porters Five Forces 3 Rivalry among Firms 3 Buyers 3 Substitutes 4 Suppliers 4 Other Stakeholders 4 Internal Environment Analysis 4 Carnival Cruise Line Business Model and Strategy
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The history of the Carnival Corporation begins in 1972‚ when Ted Arison set up Carnival Cruise Lines as a subsidiary of the American International Travel Service. The first ship ran aground‚ but Arison remained steadfast in achieving his vision of a cruise line offering affordable vacation packages to middle-income consumers. By 1977‚ Carnival had three ships‚ and ten years later‚ as the industry leader‚ the company went public. In the early 1990s‚ Carnival began to diversify into land-based entertainment
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acceptance is shown by the actions of the characters in the carnival‚ as well as the people being recruited by the carnival. The first way acceptance is shown is through Charles Halloway. He exemplifies this because of his desire to be younger. Being 54 years old‚ Charles has always wanted to have
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Table of Contents Executive Summary 1 Background 3 Purpose of Project 4 Objectives 5 Methodology 6 Activities 7 Learning 8 Executive Summary When we were asked to choose a topic to do something in Goa so that we could give back to the society‚ enthusiastically‚ we picked up Give to Receive. The basic idea was to be able to help those who actually need it by seeking support from those who have excess. We started approaching various organizations with our idea and tried aligning
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Carnival Corporation promotes its name and brands through iconic advertisements that serve to make audience connected to the ocean. According to Arnold Donald‚ CEO of Carnival‚ the goal of the commercials is “to convince those who have never cruised to give us a chance to show them why over 10 million people a year sail on one of our nine brands and why so many of our guests cannot wait to sail with us again.” To achieve this goal‚ Carnival has been utilizing many advertising methods including traditional
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Introduction Carnival Corporation as the largest cruise line in the world is being a leader and innovator in the cruise line industry. Many of the onboard activities and services were introduced to strengthen the competencies between competitors. The challenges of the Carnival were being overcome by the management with creative and innovative strategies. As a corporate entity‚ Carnival did not refuse to withdraw money to settle the ocean pollution charged by public. The expansions of cruise line
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Index Executive Summary pg. 3 Carnival Corporation Mission Statement pg. 4 Evaluation of Mission Statement pg. 4 Company Objectives‚ Strategies and Core Competencies pg. 6 Business Scope pg. 9 Financial Ratios - 2002 pg. 12 Company Strengths pg. 14 Company Weaknesses pg. 15 Value‚ Rareness‚ Imitability & Organization (VRIO) pg. 15 Value Chain pg. 16 Opportunities pg. 17 Threats pg. 17 Strategic Objectives & Relative Evaluations pg. 18 Strategy Implementation pg. 21 Balanced Scorecard
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Gap analysis of the Goa ice cream market. A BRIEF HISTORY OF ICE CREAM BUSINESS IN GOA HOME Ice creams have been consumed in Goa in the form of deserts as early as the late sixties. The market was then limited to the urban rich. Popular restaurants and hotels made their own ice cream recipes. House hold consumption was limited to self made ice creams at home. Yummy started its operations in Goa in the early seventies. As a manufacturer it was the first to enter the ice
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Case : Carnival Cruise Lines 1 )The cruise line industry has seriously developed through the last decades. Companies have adapted offers creating lower price cruises more adapted to the middle class. Moreover‚ Ted Arison has launched the concept of “Fun Ship” vacation creating a new type of cruise more oriented on leisure. He managed to create a synergy with group tours‚ theme parks and sojourns (to Las Vegas for example). It created curiosity to potential customers and has grown the number of
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CARNIVAL CORPORATION & PLC PORTER’S 5 FORCES Porter’s 5 forces model allows to analyse the factors outside the Cruise industry that influence the nature of Carnival competition within it‚ the forces inside the Cruise industry that influence the way in which Carnival compete‚ and so the company’s likely profitability. With an understanding of where power lies‚ Carnival can take advantages of a situation of strength‚ improve a situation of weakness and avoid taking wrong strategies. Porter has identified
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