Micky Arison is the Chairman and former Chief Executive Officer of Carnival Corporation, one of the world’s leading cruise operatorss. From 1979 until 2013, he also held this position, serving three championships under his direction as CEO. Additionally, Micky has served as managing general partner of Miami HEAT basketball team in NBA competition.
The Arison family and Carnival are deeply committed to supporting South Florida, offering support to numerous arts-related and community service organizations throughout the region.
1. Investing in the Future
Investors need companies with clear plans for the future. One such company is Carnival Corporation & plc CCL, the world’s largest cruise ship operator. Thanks to bundling strategies, pre-cruise sales activities, and increased advertising activities, Carnival is experiencing strong booking momentum across North America and Europe and positioning itself for sustained revenue growth onboard its ships.
But Carnival is doing more than simply increasing revenue; they are also reinventing how they navigate the shifting tides of global travel industry. Their strategic foresight can be seen through their SEA Change Program which showcases their vision of an ideal future where financial success coexists with environmental stewardship and operational excellence.
The SEA Change Program’s primary objective is to reduce overall fuel usage and carbon intensity across its entire fleet by improving their energy efficiency. By taking advantage of energy-saving technologies, shore power capabilities, and sustainable fuel options, their goal is to lower their fleet’s carbon footprint by 15% per ALBD by 2023 resulting in significant savings.
Sustainability is at the core of Carnival plc CCL LN’s business practices, which will benefit shareholders over time. Smartkarma’s Smart Scores give Carnival plc CCL LN high growth scores while medium value scores indicate potential for long-term returns from investing with them.
2. Investing in People
Many businesses place great stock in investing in products and technology; however, investing in people can also play a crucial role in business expansion. By providing employees with tools and training they need for professional growth, companies can increase job satisfaction rates while simultaneously increasing retention rates and creating an exciting corporate culture within their organization.
Carnival Corporation places great emphasis on employee engagement with its various stakeholder groups, which include guests, cruise line brands, home and destination port communities, travel professionals, suppliers, media, non-governmental organizations (NGOs) and non-profits. By regularly engaging with all these stakeholder groups, Carnival Corporation ensures all interests are taken into consideration as the company continues its development of sustainable policies and standards.
Carnival Corporation has built an organization centered on innovation and customer service by investing in its employees. Their fleet of over 100 ships constantly adapts to meet customer demands while creating unique experiences, thanks to a dedicated team of engineers and designers working tirelessly on fulfilling travelers’ wishes.
Carnival Corporation encourages its employees to pursue ideas and projects that contribute to its success, such as Human IPO – an initiative which allows employees to sell their time on the open market in exchange for money or other forms of compensation.
Employees can then take a step back from their daily duties and devote some of their free time towards innovative projects that make a difference in the world. As a result, businesses can generate more creative ideas that benefit everyone involved within an organization – this in turn results in higher revenues, earnings growth and stock price enhancement.
3. Investing in Culture
Under Arison’s direction, Carnival Corporation fostered a culture of innovation that propelled them ahead in the cruise industry. He encouraged employees to think creatively and devise ways of improving its products and services that kept their customers coming back for more. Arison also played an instrumental role in pioneering groundbreaking features like onboard casinos and private balconies which set Carnival Corporation apart from competitors while giving guests an unforgettable vacation experience.
At Carnival’s core lies its commitment to corporate responsibility and environmental stewardship, evidenced by his generosity toward charitable causes such as education, healthcare and disaster relief. Additionally, he worked to minimize their environmental footprint through measures like cutting fossil fuel use and investing in green technologies.
Investment in culture is crucial for companies of any size. It impacts everything from employee engagement and productivity to brand reputation and investor returns. Furthermore, younger workers expect companies with an established culture. A negative culture can cost companies billions in healthcare related costs, turnover costs and lost productivity – so the more investments made into culture enhancement the better it will serve the company in the long run.
Though companies may be wary of spending money on things not directly tied to their bottom line, investing in culture is just as essential to improving revenues and profits as investing in technology or capital expenditures. A healthy culture can actually increase employee retention rates and customer loyalty – it is therefore vital for leaders to invest in culture on an ongoing basis.
4. Investing in Technology
Technology has taken center stage in modern investing. From challenger and startup banks to keeping in touch with friends around the globe, nearly every aspect of life benefits from technological innovation in one way or another. Thus, technology represents one of the largest segments in terms of market size, making it a prime target for investors seeking growth opportunities.
But Carnival and Royal Caribbean face their share of challenges as well. For instance, during the Covid-19 pandemic cruise lines were unable to operate normally which negatively impacted business and their balance sheets significantly (Carnival 2022). To survive through this challenging period, both companies took on substantial amounts of debt making it even more critical that investors closely follow company performance including debt-to-equity progress (Carnival, 2022).
Weinstein has made investing in his employees a priority of the company culture. He strives to foster an open and collaborative work environment while providing tools, knowledge and training necessary for employees to excel at their jobs – giving employees a sense of purpose that increases engagement and satisfaction with the workplace.
Investment in technology is also vitally important to companies. Researching new technologies helps firms maintain a competitive advantage and stay at the forefront of customer expectations and innovation. When investing in tech stocks, investors must assess valuations carefully in order to keep an eye on earnings growth – especially those companies not yet profitable; metrics such as the price-earnings ratio provide useful insight into this regard.
5. Investing in Innovation
Micky Arison built an international cruise empire from scratch, changing how people travel and experience vacations forever. His hard work and devotion have served as an inspiration for future generations of entrepreneurs.
As CEO, Arison focused his attention on expanding the company by investing in new ships and destinations as well as improving operational efficiency to lower costs and become a more cost-efficient enterprise in a crowded industry.
Arison believed strongly in giving employees the autonomy and responsibility for making decisions and taking ownership over their work. He encouraged employees to communicate freely with him, always being open to hearing their ideas, thus creating an atmosphere of trust and collaboration that has contributed to its success.
In addition to his commitment to innovation, Arison also understood the value of social responsibility and was an avid philanthropist, contributing millions to various charitable organizations and causes.
As a result, Carnival Corporation has become a pioneer in corporate sustainability. Through various programs aimed at mitigating environmental impact such as recycling efforts and installing advanced wastewater treatment systems, Carnival Corporation is setting an example of corporate sustainability practices.
The company takes great pride in prioritising employee welfare and safety. It offers various training and development opportunities, invests in research and innovation initiatives, and invests heavily in products and services improvement – investments which have paid dividends as the company has experienced rapid expansion over time.
