The Leisure-Cruise Industry Porter Paper - 1329 Words

The Leisure-Cruise Industry February 17, 2011 Business Management Introduction One of the rapid producing leisure industry divisions, the cruise industry faces several challenges. Whereas supply continues to rise at double-digit levels, demand battles to keep speed. Known the demands on communications and the jeopardy of an eroding on-shore practice, less port are in a location to provide accommodation the cruise lines as supply grows. At the similar time, the community sectors inspection of manufacturing practices associated to the surroundings, duty, safety, protection and work increases. Regardless of these confronts, numerous cruise lines report record levels of productivity. This analysis will calculate the leisure-cruise†¦show more content†¦There are nine main cruise line, these include Ambassador International, Carnival Corporation, Crystal Cruises, Disney Cruise Lines, Louis Cruises, Regent Seven Seas Cruise Lines, Royal Caribbean Cruises Ltd., Silversea Cruises and Star Cruises (Cruising). The major cruises out of these are Royal Caribbean and Carnival Corporation. These cruises line are known for using their popularity to their advantage by raising their prices at any given time. But on the other hand, all the ships are comparable. All passage can anticipate the equivalent experience on board. In addition Rivalry is at a peek because getting rid of a cruise industry cost more than to just keep into development. Threat of Substitute Products or Service: Medium A substitute product is a product that appears to be different but can satisfy the same need as another product (Wheelen and Hunger pg 112). Threat of substitute products or service is medium because as I stated before all the cruises are similar in dà ©cor and prices. But the biggest threats are on land resorts and hotel. Cruises have to maintain all the benefits that resorts have to entertaining all members of the family. Cruise lines have become a great get away for everyone or any family for a reasonable price. I feel that this is the reason cruise lines are so popular in this economy. As stated from Cruise Line International Association cruise line hasShow MoreRelatedHotel Rooms Division4176 Words   |  17 Pagesaccommodation sector is one of the highly contributing sector in UK service sector economy. It consists thousands of hotels rooms across the country ranging from small BB hotels rooms to most expensive hotels in the world. The major trend in UK hotel industry is budget hotels. Budget hotels have flourished during the past decade. There are two main types of accommodation. 1. Serviced accommodation 2. 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The Walt Disney Company a Financial and Organizational...

The Walt Disney Company: A Financial and Organizational Analysis Authors: Cliff Anderson, John Morris, Jacob Lawrentz, And Donna Munsey Financial Environments of Organizations, MOL 503, MMOL 1-11 Professor: Kari Day Warner Pacific College September 10th, 2009 The Walt Disney Company: A Financial and Organizational Analysis The Organizational History of Disney Before WWII In 1939, the Valley Progress newspaper (History, p. 3) announced that San Fernando Valley in southern California would become the home of a million dollar, 51-acre lot called Walt Disney Studios. The then-current residence of Disney was established in 1925 in Los Angeles, and consisted of a single large room of 25 artists. Walt Disney (and his†¦show more content†¦19). Since 2005, the CEO baton was passed along for the 6th time to the company’s COO since 2000, Robert Iger. Iger has a long history within the larger framework of Disney’s enterprises, namely through ABC studio and cable network channels (Management 2009). Iger – as CEO of Disney – has focused on reconciling problematic dissension among the board of directors, especially the current Roy Disney, who, at one time, campaigned against Disney itself. Since then, the company has restructured certain key areas in management to regain investor confidence and internal affairs. Most recently, Disney announced its fiscal year and fourth quarter financial results via webcast (Corporate 2009). Segments and Subsidiaries The Walt Disney Company and its subsidiaries is a diversified worldwide entertainment company with operations in four business segments: Media Networks, Studio Entertainment, Parks and Resorts, and Consumer Products. Media Networks The Walt Disney Company is the second largest media conglomerate in the world, behind Time Warner. Its cable, satellite and international broadcast operations are principally involved in the distribution of television programming, the licensing of programming to domestic and internationalShow MoreRelatedThe Disney Company : Organizational Culture1542 Words   |  7 PagesThe Walt Disney Company is a diversified multinational entertainment organization with five business sectors encompassing media networks, resorts and parks, studio entertainment, consumer products, and interactive media (The Walt Disney Company, 2014). Starting in 1923 as a simple cartoon studio, The Walt Disney Company has since evolved into a powerful, international, media enterprise employing nearly 180,000 people in over 40 countries (The World’s Most Valuable Brands, n.d.). Walt Disney assertsRead MoreOrganizational Excellence And Change Of Walt Disney1526 Words   |  7 PagesBrittany M onroe, Michelle Kinyungu, Latasha Plainer, Queenie Jordan June 20, 2016 GM504-01 Organizational Excellence and Change Dr. Tonelli Running head: CLIENT ORGANIZATION 1 Introduction Walt Disney was created by a man named Walter Elias Disney in Chicago, Illinois; he was an animator and motion picture producer. In 1923 they located to Los Angeles, California and he partner with his brother Roy in the Disney Bros Studio. ?Recently they have been called the paradigm of America and intolerance ofRead MoreWalt Disney s Objectives Of The World s Leading Producers And Providers Of Entertainment Essay1397 Words   |  6 Pagesâ€Å"The purpose of the company Walt Disney is to be one of the world s leading producers and providers of entertainment and information using its portfolio of brands to differentiate its content, services and consumer goods. 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Strategy of Using Foreign Investors and Liscensees Essay Example For Students

Strategy of Using Foreign Investors and Liscensees Essay The Strategy of using Foreign Investors and Licensees: a Philippine Perspective †¢ In a certain objectives, use foreign companies †¢ Cooperation with a foreign company can provide a shortcut-attainment of certain goals at a lower cost and in much less time Certain risk or potential problem in cooperation with a foreign firm 1. Government’s approval be obtained 2. Satisfaction of the goals of the foreign company †¢ The Philippine firm must examine the alternative strategies and choose what is the optimum from its point of view Evaluation of Foreign Investing In Philippine setting Pre-Independence days Post-independence days At Present There are a foreign firmexport Foreign Firms number of joint ventures its products through considered or managing agenciesalocal agent Manufacturing its products in the Phils. through partnership with a former importing agent Company Goals o Benefits a Philippine company could get 1. Philippine company may want access to the patent rights or manufacturing rights for a certain type of product a. A product might be manufactured in a number of different countries by several firms each having its own patents. . Easiest arrangement concerned isthrough cash purchase of the rights to manufacture c. Certain brand of a foreign product is selling very well in the local market-trademark †¢ An arrangement must be reached with specific foreign company owner o They will not want their trademark used unless it has assurance that their quality standards can be maintained o They will insist more on a liscense agreement or equity participat ion with accompanying rights to inspect, as well as concurrent royalty payments †¢ Patent- Trademark- 2. Philippinecompany may wish to start manufacturing a new product where technical assistance is required a. Technical services agreement accompany a liscense to manufacture i. Provisions of Technical Services Agreement 1. Help in the design of the plant 2. Provide training for he company’s skilled workers, technicians, engineers and managers 3. Help in product redesign 4. Help in technical advertising 5. Provide full-time or part-time production engineers to help maintain quality and productivity 3. Philippine company feels that it needs to improve its management systems -sometimes the most efficient way of obtaining modern management know-how is to have management contract with a foreign manufacturing company Foreign company turn-key 1. Contract to design and build a plant 2. Train the necessary people 3. Supply some key technicians and managers 4. Maintain full responsibility for the operating the plant until it has reached and sustained the designed and desired capacity †¢ Foreign partner has no equity participation but charged with the full responsibility for total management of Philippine firm o Authority to hire and fire people o Sign contracts †¢ The contract may asssign only for a certain aspect of management. (production management, marketing management etc. ) †¢ Management contract may have no connection with the construction of a new plant it may simply be in connection with a manufacturing liscense agreement Ex. Philippine firms-manufacture consumer products-actively exporting them o In US and European markets where goods have rapidly changing styles/designs, cooperation with a foreign company helps in obtaining advice on trends in styles plus assistance in marketing 4. Access to foreign marketing channels can be one of the most important factors in a firm’s profit potential, as well as in the Philippine’s overall economic development -foreign multi-national firms are to manufacture in a number of countries to: diversify risk to seek new sources of production that offer cost or other advantages Key question:What type of arrangement between the multinational and the Philippine firm? Key variables:degree of equity participation by the foreign firm Quantity of exports which cn be promised 5. Easier access to local financial institutions a. A joint venture agreement may facilitate borrowing foreign international institution b. When a Philippine firm is planning to expand or divers ify (where additional capital is required) usually securing equity participation from the foreign firm may be the very key 6. Provide protection from nationalization o A government will usually hesitate to nationalize foreign assets because of potential repurcussions from the international financial community o A partnership with an interntional institution, ssuch as the international finance corporation(theindustrial investment subsidiary of the World bank ) is probably the best security because nationalization of such a company would jeopardize relations (the Worldbank) 7. Aesthetic Response to Only Justice Can Stop a Curs EssayAll parties to the agrreements must have a sense if net gain. From the point of view of the philipppine firm the role of strategy then isto selectt the scheme which will, over the long term give itthe largest net gain while still giving the governmentand the foreign partnerr room tofeel that their minimum goals, at least, have been achieved. It is necesssary for managers to review the various strategies available to choose new goals which they may not otherwise have considered Types of strategies a. Strategy for type of partner 1. Product range Is it preferable to choose a company thathas a diversified range of products, or one which is highlyspecialized in the product in question? 2. Size o Should one choose as a partner a company which is large, has considrable financial, managerial, and technical resources, orone which is small but would be more respnsive to its relationship with the local firm? 3. Extent of international o peration o A partner with no otherinternational interestsould be more responsive, but it will have less sophistictin in dealing with a foreign firm. Also a large multinationalfirm would have an extensive international marketing network, making it easier for the products of the philippine company to be made available to foreign markets 4. Nationality o There has been an increase in collaboration between both private and public firmsin the developing countries with east-european enterprises, nearly all of which are in the form of technical collaboration agreements b. Ownership strategies Variations: 1. A joint venture majority ownership by the philippine firm 2. A joint venture with a 50-50 split on stock ownership 3. A joint veture with minority philippine ownership 4. License agreements or management contracts with no foreign equity participation 5. A joint venture agreement with initial minority philippine ownership but with a provision that a certain percentage of the stock be sold to the philippie firmby the foreign artner each yearr, until the philippine firm acquires a certain majority percentage 6. A joint venture with a foreign company and the international finance corporation 7. A joint venture with a foreign company and local development bank etc 8. Permitting the foreign partner to buy into the existing philippine firm, or,of establishing a new company to undertake the new type of production c. Control strategies o Control has a wide number f degrees of divisibility nd distribution, between paartners, as well as vis-a-vis the government. It depends upon the type of deision, thenature of the decision making process,and upon prior agreements on rights and responsibilities o Control may cover the following functions: i. Hiring, firing ii. New investment iii. Research and development iv. Pricing v. Dividends vi. Production level ii. Quality control viii. Marketing ix. Exports x. suppliers o maximum divorce of ownership from control (ex. Philippine firm hold 100% of the shares but enter into ong-tem mangement contract with a foreign company to which it gives full powers of management control) D. manufacturing strategies o Refers to the mix of: what portion will be manufactured by the firmin question andwhat would besubcontracted for manufacturing by other philippie firms o The core strategy lies in the philippine firm’s decision-made prior to entry into negotiations with foreign artnerr-on what combination is optimum for it. E. marketing strategies o Interelation between domestic versus export sales o Collaboration with a foreign partner cannot, like war, be a negative-sum game. All parties to the agreement, including the government, must feel that they are net gainers o The role of the strategy is to optimize the achievement of one’s goals whlepermitting the others to satisfy their minimum need â€Å"To a certain extent, the firms in the developing countries should think in terms of exploiting countries. †

The Parthenon Essay Example

The Parthenon Essay The Parthenon in Athens is perhaps one of the greatest architectural achievements by the Athenians.After being repeatedly demolished, the Parthenon stood as a symbol of Greek independence, culture, and pride(111 Thames Hudson). In 447 BC.Pericles promoted building the Parthenon on the remains of an earlier temple on the Acropolis.The proposal of the Parthenon pleased the Athenians because it served as much as a celebration of Athens and her achievements as it did as a centre to worship the goddess Athena(111 Thames Hudson).The new temple to Athena was sacked by the Persians(187 Abrams), so Kimon of Athens hired Callicrates to again begin rebuilding the temple to Athena.But, Pericles temporarily halted construction to commission another architect, Ictinos.So, together Callicrates and Ictinos made many subtle adjustments in the lines of the structure and the placement of columns to refine the design and possibly to counteract the effects of various opti! cal illusions that would othe rwise seem to distort its (The Parthenon) appearance when it was viewed from a distance(188 Abrams). This is why the Parthenon is so achtecturaly amazing.Besides its shear size, the materials used were very heavy and difficult to work with, yet the Parthenon interior cella and exterior and astoundingly flawless.With the exception of the timber roof supports, the entire Parthenon was built from marble from the quarries of Mt. Pentelicon(112 Thames Hudson).After such struggles, it is not hard to imagine why the Parthenon was so important to the Athenians. The Parthenon Essay Example The Parthenon Paper The Parthenon in Athens is perhaps one of the greatest architectural achievements by the Athenians.After being repeatedly demolished, the Parthenon stood as a symbol of Greek independence, culture, and pride(111 Thames Hudson). In 447 BC.Pericles promoted building the Parthenon on the remains of an earlier temple on the Acropolis.The proposal of the Parthenon pleased the Athenians because it served as much as a celebration of Athens and her achievements as it did as a centre to worship the goddess Athena(111 Thames Hudson).The new temple to Athena was sacked by the Persians(187 Abrams), so Kimon of Athens hired Callicrates to again begin rebuilding the temple to Athena.But, Pericles temporarily halted construction to commission another architect, Ictinos.So, together Callicrates and Ictinos made many subtle adjustments in the lines of the structure and the placement of columns to refine the design and possibly to counteract the effects of various optical illusions that would otherw ise seem to distort its (The Parthenon) appearance when it was viewed from a distance(188 Abrams). This is why the Parthenon is so achtecturaly amazing.Besides its shear size, the materials used were very heavy and difficult to work with, yet the Parthenon interior cella and exterior and astoundingly flawless.With the exception of the timber roof supports, the entire Parthenon was built from marble from the quarries of Mt. Pentelicon(112 Thames Hudson).After such struggles, it is not hard to imagine why the Parthenon was so important to the Athenians.