Judgement and decision making Essay Example | Topics and Well Written Essays - 500 words - 2

Judgement and decision making - Essay Example he function of GDP focuses on the economic advantage and understanding in order to provide appropriate actions and programs that will ameliorate and develop the economic state of the country for the betterment of the people. Consequently, with the use of GDP as a basis for economic legislations, a number of economists and researchers have implicated the role of GDP in measuring the well being among people (Harvie, Slater, Philip, & Wheatley, 2009; R. Brinkman & J. Brinkman, 2011). Samimi and Darabi (2011) noted that the connection of GDP and human well being is evidently seen on the economic situation of the people, whether they are in the best or worst condition. The GDP determines the revenues and liabilities of the country that flow internally and externally from the economic value of the country. Hence, the identification of the country’s GDP will help people to recognize ways and means to enhance and develop the economic condition of the country and in turn create beneficial effects to the people. Hence, the economic policies that mirror from the GDP will create an advantage and positive interest to the people in order to experience satisfaction and contentment in life (Osberg & Sharpe, 2002). van den Bergh (2009) implicated that GDP has a number of lapses when predicting the well being among the general population of the country. Generally, there are still other external factors that could predict the high level of subjective well being among people, and GDP is just of indicators to well being. Particularly, the GDP only focuses on the annual income of the country to forecast the well being of the people; however, the GDP cannot capture the ‘adaptation phenomenon’ that people will experience after they have adjusted to their lifestyle and condition in life. For example, people who felt happiness after winning the sweepstakes are more likely to fade the feeling of happiness after a period of time (Hilts, 1999). Hence, well being is not more about the

Strategy Implementation in Strategic Management Essay

Strategy Implementation in Strategic Management - Essay Example Moreover, the corporation is ISO 14001 certified, and this has acted to enhance its corporate image. A major weakness of Carnival Corporation is that it has amongst its fleets a lot of many old ships (Wheelen & Hunger, 2008). This has meant lost business at times, because their target market is the young travellers, and these prefer newer ships. Another weakness for the company could be the presence of too many members of the Arison family amongst the directors (six out of fourteen), and this could impact greatly on the corporate decisions of Carnival. An opportunity that Carnival Corporation may consider venturing more into is the cruise market in Europe, instead of concentrating more into the American market. This is because according to the cruise industry in Europe, this is one of the most lucrative routes. Furthermore, Carnival corporations could also wish to venture into the area of organising and facilitating visits to historical sites around the world, and include this addition into their package of services offered. The escalation in fuel prices poses a threat to Carnival, as this means that the corporation may have to raise its fares. Terrorist attacks, such as the one in September 2002, caused panic to the public, and this affected tourism. There is also occasion whereby virus attacks have infiltrated into the corporation’s server, thereby disrupting its programs, and affecting business immensely (Wheelen & Hunger, 2008). A number of legal tussles between, on the one hand, the corporation and on the other passengers have also been witnessed in recent years, and this could lead to a dented image of the corporation. In addition, some former employees have also sued the corporation, on the issue of unpaid overtime. In 2002, Carnival Corporation was charged $ 18 million as a result of counts of pollution by its ships (Levine, 2006) Carnival cruise line was founded in 1972, by  Ted Arison.