Eco-Friendly Cruise ship Research Paper Example | Topics and Well Written Essays - 750 words

Eco-Friendly Cruise ship - Research Paper Example An example of a greenhouse gas, emitted by fuel is carbon dioxide, which is always accused of destroying the earth’s ozone layer. Based on these environmental concerns, a number of cruise ships have embarked on renovations that are eco friendly (Carnival, 2014). For example, Disney Cruise ship, and the Holland America have conducted a series of Green Renovations aimed at reducing the emission of green house gases . These renovations include the use of facilities and equipments which are known to conserve the environment. For instance, these institutions have upgraded their engine systems, to a level whereby they emit a reduced level of fuel into the atmosphere (Choice, 2014). However, this is not enough. This is because; a new phenomenon is taking shape in the tourism industry. This phenomenon is referred to as the eco-tourism trend. Tourists are now concerned with getting eco experiences while they are cruising (Wood, 2014). On this basis, tourists will choose destinations that are known for environmental conservation, and a cruise ship that has an extensive renovation, that reflects its capability to protect the environment (Choice, 2014). On this basis, it is within our suggestion to introduce a cruise ship into the family of the Royal Caribbean fleet that is eco-friendly. This will play a great role in gaining a competitive advantage over the competitors of Royal Caribbean fleet, who are mainly the Holland America Cruise Ships, and the Disney Cruise Ship (Royal Caribbean, 2014). It is important to denote that while developing a cruise ship that is eco-friendly, Royal Caribbean fleets has to consider a number of factors, such as the target customers, who will be attracted to the ship under consideration. For example, in the current century, the younger generation is more concerned with the preservation of the environment, and hence, they will be more attracted to a cruise ship that is

Discuss the purpose and process of budgetary control Assignment

Discuss the purpose and process of budgetary control - Assignment Example Budget control is the process of managing individual items in a budget such that expenses arising from them do not rise above the forecasted amount in the budget estimates. Budget control helps an organization/ entity to plan adequately for the future. It also helps the organization to evaluate adherence to set policies. Through budgetary control, the organization is able to minimize wastage and inefficiency (Pollitt, 2001). In itself, the budget is a tool for expenditure control within a firm. In order to stick to the laid out expenditure program and prevent excessive spending, the organization has to carry out effective budget control measures, both before and after planning. Below is an outline of the main steps of budgetary control. This phase involves drawing up a list of policy guidelines for the firm that will guide both the management and lower-level employees in their daily operations. Integrating long term policies with short term ones forms a basis for periodic evaluation of success in implementing a set of policy guidelines. Several objectives that guide the business are laid out in order of prioritization. Besides profitability, which is the key objective of most business organizations, quality, market positioning, product differentiation and cost leadership form some of the more common goals that guide policy formulation (Toigo and Woods, 2006). Whereas policy harmonization is key to achievement of set goals, each level of management rolls out several objectives that guide its specific situation. However, the goals must work towards achieving the corporate objectives laid out by the top management. Each function that is deemed to complement achievement of policies formulated is listed together with its expected costs/ revenue. The forecasts should be made at both the micro and macro levels. Micro level forecasts involve activity based costs, while macro level forecasts involve transaction