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Cruise Shipping: Management Control and Prospects for the Greek economy
Finance & Accounting
Pages 60 (15060 words)
Abstract Table of Contents Abstract 1 2 Introduction 4 Literature Review 6 Management control 6 Contingency theory and relation with management control 10 Similarities and dissimilarities with hospitality industry 14 Impact of the culture of the sea on running a cruise ship 20 Methodology 25 Research questions 25 Recent accident of the Costa Concordia cruise ship in Italy 26 Relation between Cruise companies and the government 29 Prospects of cruise in Greece 33 Conclusion 39 References 42 Introduction When all the sectors are taken into consideration, cruise shipping is one of the fastest growing ones.
Various measures that have been taken for the expansion process to take place include innovation of new design concepts, length of newly designed ships, new travel destinations around the world and activities on both on-board and offshore. In fact, the new strategies are designed to cater the expectations of all. The cruise industry has witnessed an increased popularization. It has emerged as a part of the tourism sector (Baird and Cartwright, 1999). It has gained enormous significance as a contributing factor in economic development. The cruise industry can be held as one of the examples of globalization. The number of ports on call is ever increasing and the industry currently constitutes of personnel around the globe. Multinational clientele is one of the characteristics of the industry and the industries currently pose its economic as well as political and social implications. In today’s world tourists are more inclined to experience the journey on sea. The industry exploits the interests of the consumers and enjoys huge consumer base (United States Environment Protection Agency, 2008). ...
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