Carnival and Royal Caribbean Cruises Essay Example | Topics and Well Written Essays - 250 words

Jubilee and Royal Caribbean Cruises - Essay Example With this, this article will investigate the vital situation of Carnival Corporation and Royal Carribean Crruieses inside the voyage business. Regal Carribean International is the favored voyage brand among big names as a result of its capacity to comprehend the requirements of their clients and intending to consummate their art. This voyage organization endeavors to pull in universal customers through bundles and choices that run from journey lengths, advancements of on-board eating and different exercises for the traveling visitors (Colon, 2008). Basically, this universal system applied by Royal Carribean necessitated that the voyage organization makes changes in accordance with a portion of their vessels in order to oblige the highlights that the organization looked to include as a method of pulling in and holding clients (United States Securities and Exchange Commission, 2012). Conversely, the Caribbean Cruises Ltd procedure of accomplishing vital position is that of looking for mergers and purchasing of their opponent organizations as a method of ordering the market more. As a recommendation, the Carnival ought to rece ive the vital position applied by Royal Carribean Internation that likewise incorporates the separation technique (Engle, 2011). The separation technique necessitates that an organization centers around item expansion, brand advancement, and wandering into numerous business sectors when contrasted with concentrating on mergers and acquisitions (Bhatia,

Michael Jordan and Kobe Bryant Essay Example for Free

Michael Jordan and Kobe Bryant Essay Michael Jordan and Kobe Bryant are two of the best b-ball players to ever live. The manner in which they play the game is remembering. These two competitors are exceptional, however just one can be known as the best ever. The discussion still and will consistently proceed on who is the best. On one hand, there is the 6 time NBA champion in Michael Jordan; in the other there is the phenom who scored eighty-one focuses in one game, Kobe Bryant. As I would like to think, Michael Jordan is and will consistently be the best b-ball player to ever play the game. At the point when I think about the word, legend, just one name rings a bell and that name is Michael Jordan. Indeed, even the leader of the United States thinks MJ is the better decision. Goodness, Michael, the long lasting b-ball fan told The Associated Press I mean Kobes tremendous. Dont misunderstand me, Obama said of the four-time NBA champion. In any case, I havent seen anyone coordinate with Jordan yet. Michael Jordan tops Kobe Bryant from multiple points of view, for example, offense, guard, and generally speaking vocation accomplishments. In today’s age of ball whizzes, there is one recognized player, Kobe Bryant that holds a reflection to another known genius, Michael Jordan in his capacity to play the game, unpleasantly and protectively; notwithstanding, they contrast in their general exhibitions. In spite of the fact that avid supporters endeavor to look at the two players, many will concur that Michael Jordan conveys the best hostile and protective numbers, while Kobe Bryant holds the title of the most youthful top pick to ever enter the National Basketball Association. Both Jordan and Bryant were offered tremendous underwriting bargains, with Kobe Bryant starting to lead the pack as one of the biggest worldwide brands, in ball history. The sport of ball is a compensating sport that permits its players to offer back to the network. There is no opposition, with regards to offering back to the network, as every player is similarly engaged with beneficent associations. In the expert b-ball world, avid supporters will concur that Michael Jordan is the better player, while different fans are faithful to Kobe Bryant. When taking a gander at hostile and protective numbers, objectivity and a hard glance at the realities leaves one decision in actuality, that Michael Jordan is probably the best player in NBA history. He is popular for blocked shots, bounce back, and scoring a normal of 30 focuses per game, during his profession (Squidoo, 2012). As a hostile player, Jordan has the bit of leeway. In his best season, his fans will rely on him to average 37 focuses per game contrasted with Kobe Bryant’s best period of 35 focuses per game. Michael Jordan, a genuine cooperative person, midpoints eight helps for each game in his best season, and a normal of five helps during his vocation. In contrast to Jordan, Kobe Bryant, as a hostile player midpoints six helps for each game during his best season, and he is near beating Jordan’s normal with four helps for every game.

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SWOT Analysis - Case Study - Free Essay Example

Sample details Pages: 6 Words: 1716 Downloads: 8 Date added: 2017/06/26 Category Marketing Essay Type Analytical essay Did you like this example? Case study Summary of case The studied company was Company X that located in Latvia. It was a subsidiary company of Company P that conducted its business in 27 countries, hired 11, 800 people and supplied metal-based components, systems and integrated systems to the construction and engineering industries. Company X was a middle-size manufacturing and construction company which set up in 1995. It had about 110 employees and classified as top five construction firms in Latviaà ¢Ã¢â€š ¬Ã¢â€ž ¢s construction industry according to its operating income. It implicated in few types of projects lately, the projects were housing and hi-tech buildings, infrastructure and mass transmit projects both in Latvia and aboard. Company X attempted to enhance project progress tracking and resource management in multi-project environment. In the past, different business functions of Company X such as accounting, production, marketing and purchasing used different informatio n systems. The old system used by the company had it own ways to gather and kept information according to needs. Short of functional integration causes difficulties in transmission of message and collaboration between different business functions is problem of the old system. Prefabrication and construction processes were work processes of Company X. The two processes operate concurrently. If production factory did not supply building materials on schedule, company need to bear cost of delay at construction perspective. However, if the materials produce too early or when they not needed then company need to bare cost to store the excess materials such as warehousing. Operation of the materials of Company X became complicated and influenced progress of others projects in a multi-project environment since prefabrication process and construction processes must be complement to each other. Company X began a two months assessment and research to find out was there possibility to pr esent and apply an ERP system in year 2007. A project group was formed by the company in order to handle ERP implementationà ¢Ã¢â€š ¬Ã¢â€ž ¢s matters. Manager from IT department became project manager of the group. Besides, the group also involved three personnel from production, accounting and sales departments and one outsourcing vendor. When the system assessed by the company, employees kept received latest information about the system and they encouraged to give feedback on the new system. Eventually, the chosen system was iScala as other representatives at other countries use this system. A central ERP manufacturing group was established after Company X decide to use the system. The group consists of four department representatives from the company, three external IT consultants and two IT consultants from parent company. Individuals that elected for the group were people from specific department who were familiar and understand regarding ERP systems. Besides, they had atte nded and participated in professional activities with respect to such system. They also participated in the assessment discussion. (Tambovcevs, 2012) Strength Company X able to determine staffs who talent in Information Technology (IT) and who can easily adapt to new technology system of company. Staffs are most important and valuable assets (Duncan, 2013). Every company needs manpower to operate and conduct business process smoothly. Staffs are people who contribute and help company to achieve organizational objectives and gain profit. After staffs of Company X learn and adapt new system and technology it increases core competencies and distinctive competencies of company. Core competencies are competitive advantages for company which not easily imitate by competitors (Core Competencies Working Definition, 2010). Distinctive competencies are a companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s special ability to create and send value to consumers which help to differentiate your company from comp etitors and ensure your success will be continuing in long-run (Distinctive Competence or Nothing, n.d.). Resource-Based View (RBV) is method to analyze and identify strategic advantages of a firm based on combination of assets, skills, capabilities and intangible assets such as brand name, reputation and technology knowledge. Each company hired staffs with different level of skills, capabilities, knowledge, behavior and attitudes so each company have different and special group of human resources, which will bring different level of achievement. (Pearce Robinson, 2013) As Company X let staffs go through training to learn the new system, it indirectly increase IT knowledge of them which will increase satisfaction of staffs because some staffs like to learn new things and gain new experiences. Besides, operation process that using new system will go smoothly as staffs always practice how to use the system. Weakness Implement new ERP system in Company X may cause conflict between ERP consultant and staffs of the company. The consultants think the system is a way to solve companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s problem but staffs feel old system is very convenient for them because functions of the old system are what the company needed (Molla, Loukis, Licker, 2005). So, the staffs consider the new ERP system of Company X is more difficult to use so they unwilling to learn use the system. It increase implementation period of the system as well as increase cost of implementation of company. In addition, if the staffs still not willing to use new system, it will reduce sales, efficiency of companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s work process and company performance. (Molla, Loukis, Licker, 2005) If a company wants to successfully implement ERP system, it needs to find out the main factor that causes the implementation to be fail. (Gattiker and Goodhue, 2005). According to Bobek and Sternad (2010), à ¢Ã¢â€š ¬Ã…“ERP trainingà ¢Ã¢â€š ¬Ã‚  affect acceptance of end user for ERP system. If staffs willing participate formal and informal training, they are more skilled to use ERP system (Bobek Sternad, 2010). Acceptance of end user for new ERP system is most important factor to determine whether the system is successfully implement in company. (Seymour, Makanya BerrangÃÆ' ©, 2007) Opportunity During a company implement a new ERP system, it will change job description and skills require by company. In addition, certain new position may generate whereas certain position will be remove by the company. (Danford, 2010) Company X can implement a talent management program when it implements ERP system. The talent management program assists company to guide staffs throughout the process of implement ERP system. It train and develop staffs to adjust and get ready themselves to new positions and roles after implementation of the new system. (Danford, 2010) By implement talent management program, Company X able to determine talented staffs, staf fs with unique skills and skills need for a new position. Apart from that, Company X can set up new compensation or reward plan for staffs that learn how to use the new system. Staffs always want their contribution will be rewarded by company. Reward is driving force for staffs to give their best contribution to company (4 Ways to Reward, n.d.). As staffs satisfy with company they would not leave and betray the company (Martins, n.d.). After Company X implements new ERP system, job requirement of company will change. The change is due to Company X want to hire right candidates for right position which enable Company X to save cost of hire wrong candidates. Threat Younger generation such as Generation Y (Gen Y) have high turnover rate which is 70 percent of Gen Yà ¢Ã¢â€š ¬Ã¢â€ž ¢s staffs quit their first job within two years of joining a company. (Expericnce.com) They decide to leave a company may not due to money but other reasons such as they feel employer do not trust them, they do not feel like a part of a group or team, they want immediate feedback from superior about their work, they like to use technology products and have flexible time to work. (Maffin, n.d.) After Company X let Gen Y staffs go through training, they know how the new system operate. Then, if they decide to leave Company X due to not satisfy with the company or have better promotion from competitors. It may cause a great loss to the company in terms of human resource and knowledge that they learn from Company X. Staffs who leave Company X and work for competitors may disclose what system use by Company X and how the system runs to competitors. Company X will not have competitive advantages to compete with competitors in market. So Company X need and try to satisfy the staffs especially Gen Yà ¢Ã¢â€š ¬Ã¢â€ž ¢s staffs in order to compete with competitors. (Dantes, Hasibuan, 2011) Recommendation Company X should capture opportunity, overcome threat and strengthen its we akness to have higher achievement. Company X needs to reduce conflict between ERP consultants and staffs by involve senior executives in process of implementation the new system. Trust is willingness of a person to take risk and do favor for another person or party (Mayer Davis, 1999). Trust of employees towards senior executives is a key element to decide success of failure of a company and welfare of employees (Shaw, 1997). According to many studies, employees trust senior executives in the company and willing to change their attitudes that desire by the executives (Albrecht, 2002). The executives are role model for employees (Improving Talent Management Outcomes, 2007). As senior executive of Company X also learn and use the new ERP system, the staffs will follow their actions because the staffs trust them and perceive they are right. Company X need to ensure it has good compensation plan for employees at different level in order to satisfy and motivate them to give best effo rts for company and to complete their works which will increase efficiencies and enhance performance of the company. Generation Y have been identified as to be highly educated and they willing to accept challenges. Company need to provide promised reward to them if they really achieve a target or goal. If they do not receive the rewards, they will felt not valued by organization and lowering trust between organization and employees (Fernandez, 2009) which may cause them to leave the company. Gen Y like non-cash rewards such as flexible work condition and flexible working time (Schawbel, 2011). They also hope company give holiday as reward after they complete their work successfully. (10 Excellent (non-monetary!) Incentives, 2013) Company X has to provide rewards that need and want by the staffs in order to increase their satisfaction towards company and organizational commitment. As staffs satisfy with Company X, they are more willing to contribute and work for the company. Th ey will give their unique opinion and best advice to increase companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s performance and profit. In addition, staffs that have high level of organizational commitment also means they are more loyal to the company (Al-Aameri, 2000). Don’t waste time! Our writers will create an original "SWOT Analysis Case Study" essay for you Create order

Analysis Of James Baldwin s The Fire Next Time

The history of America was followed by awful times involving slavery, racial segregation and inequality of African Americans living in the United States. During this atrocious time period, many African Americans had hope in their lives of America being entitled as one united nation ignoring the color of skin. James Baldwin was one of many important figures during the Black Arts Movement (1960s -1970s). He wrote many influential essays and poems that impacted many people’s views on the history and hardships African Americans went through living in America. James Baldwin explains in his essay that black people in America have to accept the way of white people in their own views. Baldwin shows the reader what it is like to be a â€Å"negro† and what they have to go through everyday life in his essay. Through his own views he describes the negative history of blacks in a way of acceptance, hope and a vision for equality. Baldwin writes his first essay in the book â€Å"The fire Next Time† for his nephew on advice for the survival of living in the society they are in. The race relations during this time period was of police brutality, riots, violent and nonviolent protests. Baldwin describes race relations in America through the meaning of acceptance, he writes to his nephew about what he has to do in the society he lives in to cope with living as a black person in America. Baldwin’s influences through the church and through religious backgrounds attained him the ability to relate hisShow MoreRelatedAnalysis Of James Baldwin s The Fire Next Time 1919 Words   |  8 PagesThe Fire Next Time, James Baldwin’s (1963) two autobiographical essays, a compelling precursor to many of the components of the Civil Rights movement, with resounding motifs of power/politics, religion/morality, racial injustice, and freedom. 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Fundamentals Of Macroeconomics Paper On Macroeconomics

Fundamentals of Macroeconomics Paper Macroeconomics is a study in which reflects the economy as a whole and the levels of total output, which is also referred to as national income. National income measures the value of an output produced in an economy over a period of time. In this paper gross will attempt to describe the economics related word terms such as gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate and interest rate in laymen. Also will describe how purchasing of groceries, how massive layoffs, and decrease in taxes can affect the government households and business. Gross domestic product GDP is the total market value of products and services produced within the borders of given country†¦show more content†¦This are products that are produced in a given period of time by property or labor located in the United States of America. The Measurement is calculated as a gross domestic product in constant dollar. Nominal GDP is reported to the public without the inflation adjustment to make it appear than this original value. Nominal GDP can be higher or lower than conventional GDP Theory. Nominal GDP are not accountable towards inflation that can be misleading. Furthermore Nominal GDP may increase due to either increased output in an economy, or increased prices in the economy Employment is the overall total number of people with a job, which in includes the employees, businessmen, and self-e employed/ entrepreneurs. The total number of employed can change over time due to several factors. According to Wise geek (2015) â€Å"The relationship between Gross Domestic Product (GDP) and unemployment rates can be seen by the application of Okun’s Law† Additional, â€Å"According to the principle established by this law, there is a corresponding two percent increase, in employment for every established one percent increase in GDP† (Wisegeek, 2015) Unemployment rate is the number of people who are willing to work, able to work and those who are looking for work that are unable to find work. The unemployment rate is one of the most scrutinized and monitored statistics. This is a result that most economist believe that when this increases it is clear sign that the

Economic Reforms Of The Banking Sector In India free essay sample

Economic Reforms of the Banking Sector In India Indian banking sector has undergone major changes and reforms during economic reforms. Though it was a part of overall economic reforms, it has changed the very functioning of Indian banks. This reform have not only influenced the productivity and efficiency of many of the Indian Banks, but has left everlasting footprints on the working of the banking sector in India. Let us get acquainted with some of the important reforms in the banking sector in India. 1. Reduced CRR and SLR  : The Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are gradually reduced during the economic reforms period in India. By Law in India the CRR remains between 3-15% of the Net Demand and Time Liabilities. It is reduced from the earlier high level of 15% plus incremental CRR of 10% to current 4% level. Similarly, the SLR Is also reduced from early 38. 5% to current minimum of 25% level. We will write a custom essay sample on Economic Reforms Of The Banking Sector In India or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This has left more loanable funds with commercial banks, solving the liquidity problem. 2. Deregulation of Interest Rate  : During the economics reforms period, interest rates of commercial banks were deregulated. Banks now enjoy freedom of fixing the lower and upper limit of interest on deposits. Interest rate slabs are reduced from Rs. 20 Lakhs to just Rs. 2 Lakhs. Interest rates on the bank loans above Rs. 2 lakhs are full decontrolled. These measures have resulted in more freedom to commercial banks in interest rate regime. 3. Fixing prudential Norms  : In order to induce professionalism in its operations, the RBI fixed prudential norms for commercial banks. It includes recognition of income sources. Classification of assets, provisions for bad debts, maintaining international standards in accounting practices, etc. It helped banks in reducing and restructuring Non-performing assets (NPAs). 4. Introduction of CRAR  : Capital to Risk Weighted Asset Ratio (CRAR) was introduced in 1992. It resulted in an improvement in the capital position of commercial banks, all most all the banks in India has reached the Capital Adequacy Ratio (CAR) above the statutory level of 9%. 5. Operational Autonomy  : During the reforms period commercial banks enjoyed the operational freedom. If a bank satisfies the CAR then it gets freedom in opening new branches, upgrading the extension counters, closing down existing branches and they get liberal ending norms. 6. Banking Diversification  : The Indian banking sector was well diversified, during the economic reforms period. Many of the banks have stared new services and new products. Some of them have established subsidiaries in merchant banking, mutual funds, insurance, venture capital, etc which has led to diversified sources of income of them. 7. New Generation Banks  : During the reforms period many new generation banks have successfully emerged on the financial horizon. Banks such as ICICI Bank, HDFC Bank, UTI Bank have given a big challenge to the public sector banks leading to a greater degree of competition. . Improved Profitability and Efficiency  : During the reform period, the productivity and efficiency of many commercial banks has improved. It has happened due to the reduced Non-performing loans, increased use of technology, more computerization and some other relevant measures adopted by the government. These are some of the import reforms regarding the banking sector in India. With these reforms, Indian banks especially the public sector banks have proved that they are no longer inefficient compared with their foreign counterparts as far as productivity is concerned.