Carnival Cruise Lines: Exploring a Sea of Global Opportunity Carnival Cruise Lines is one of the most successful cruise lines in the world. They have taken an industry that once only catered to the elite and turned it into a possibility for people of varying economic means all over the world. In their quest to provide a service with mass appeal‚ Carnival has become the very definition of international business. The cruise line industry has seen a substantial amount of growth in the last
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Introduction To perform the Industry Analysis it is better to follow Michael Porter ’s five forces model. This analysis framework was created so that it helps managers in their task to analyze competitive forces to the company. (Hill & Jones 80) This model is only one of the models that can be used for this task but it is one of the more popular models. The five forces that we will have to look at for this model are (1) the risk of new and potential competitors; (2) the bargaining power of
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CARIBBEAN CRUISES LTD. TIME CONTEXT : 1968 - present SUMMARY Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International‚ Celebrity Cruises‚ Pullmantur and Azamara Cruises. The company has a combined total of 35 ships in service and seven under construction. It also offers unique land-tour vacations in Alaska‚ Asia‚ Australia‚ Canada‚ Europe‚ Latin America and New Zealand. Since the company was founded in 1968‚ Royal Caribbean Cruises Ltd. has
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Telecommunications Service Industry using the Porter’s Five Forces Analysis The telecommunication industry offers a diverse set of products which includes Mobile Voice calling & Messaging‚ Mobile data‚ fixed voice calling‚ fixed broadband‚ satellite & IP TV‚ Mobile money etc. The major players in the Southeast Asian telecom industry (Singtel‚ Axiata‚ Telenor‚ Hutchison etc.) are facing a number of challenges .Emergence of Over The Top (OTT) communication tools poses a big threat on the industry by eating into
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PORTER’S FIVE FORCES Threat of new entrants Existence of barriers to entry are low Few new firms can enter and non-performing firms can exit easily 3D printing will lower barriers to market entry and will enable innovative start-ups to target the market using crowd-funding.. Free R&D also dramatically lowers the barriers to entry. Capital requirements - Lower costs of technology equipment. First‚ AM reduces the capital required to achieve economies of scale. Second‚ it increases flexibility and
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A. Profession in Cruise Line Industry Living and working on a cruise ship is for many people an unique experience‚ fulfilling a life-long dream to travel and meet new people. The job best suits adventurous people‚ who are willing to work hard and who strive for perfection. Compared to other industries‚ cruise lines have a much higher employee turnover rate. Many people consider cruise line jobs as life-long careers‚ change ships or cruise companies‚ go on holiday‚ or simply return to a job on
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Michael Porter 5 Forces Porter’s five forces of competitive position analysis is a simple framework for assessing and evaluating the competitive strength and position of a business organization that formed by Michael E. Porter of Harvard Business School in 1979. Basically‚ the concept of this theory is actually based on the five forces model that uses to determine the intensity of competition and market attractiveness. Therefore‚ strategic analysts are often to use Porter’s
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Executive Summary Porter Airlines‚ a short-haul commercial airliner established in 2002‚ have enjoyed significant and steady growth since inception. The concern now is to devise a solution that will allow Porter to continue its controlled expansion strategy‚ as it has been so successful and integral to the growth of the company over the past several years. Situation Analysis Porter Airlines operates in a fiercely competitive airline industry‚ where competitors compete based on price‚ service‚ and
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LTL Industry 5-Forces Analysis Power of Suppliers – High Suppliers in this industry: Labor‚ truck manufacturing‚ and fuel The power of the suppliers in this industry is relatively high because of the inability of the companies to control these suppliers. In the case of labor‚ the unions frequently battle the companies for higher wages and benefits. These unions also set up strikes which cripple companies who use union workers as their main labor force. These unions have high power since the companies
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ijcrb.webs.com SEPTEMBER 2011 VOL 3‚ NO 5 INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS Porter Five Forces Analysis of Pakistan Mobiles Communication Limited (Mobilink): A Critical Approach Akhtar Munir Retail Sales Officer in Mobilink. Afnan Khan Saddozai Management Trainee Officer in National Bank of Pakistan Dr.Bakhtiar khattak Chairman: Department of Business Administration‚ Gomal University‚ D‚I.Khan Dr.Shumaila Hashim Lecturer: Dept of Bus.Administration‚ Gomal University
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