Wednesday, July 31, 2019

By What Means Do The Poets in These Five War Poems Convey Their View Of War? Essay

We have studied five poems of that only two poems- â€Å"The Charge of the Light Brigade† and â€Å"Who’s For The Game† are pro-war the other three are anti-war. â€Å"Who’s For the Game† is a poem aimed at all those young men at the time of the First World War to try and get them to enrol in the army. It talks about the war, as a fun game and that you should join with your mates as a bit of a laugh and kill some Germans while you are at it. In the first verse Jessie Pope the poet who wrote the poem compares the war to a game of rugby with lines such as â€Å"who’ll grip and tackle the job unafraid†. This puts the idea in the readers head that only strong tough rugby player will be able to fight for their country and that only the weak men who are scared stay behind while everyone else has the fun and gets praised and cheered. In the second and third verse they use the idea of inspiring guilt in the men into joining the army by saying such things as â€Å"Who’ll give his country a hand† it personifies the country as a human that is in a fight and you are the only person that can help it. It also uses the idea of all your mates going and having all the fun without you and you being left behind. It uses ballad rhythm very well to get the reader to read it in an up beat way like a song or a chant. â€Å"The Charge of the Light Brigade† is also the other pro-war poem. It’s a poem about a cavalry charge in the Crimean war that goes on a suicide charge to their deaths because a mistake was made in the communication between the officers. This poem is all about how the cavalrymen were prepared to charge to their deaths for Britain and because of this they become heroes. It starts with a use of feet in the rhythm it uses anapaestic diameter. This gives the idea of hooves galloping â€Å"Half a league, half a league, half a league onward,† This rhythm is broken in the third line, the poet does this to emphasize the word â€Å"Death† as it is an important word in this poem. In the second verse the poet expresses that the cavalry were oblivious to the situation they would be in soon as they rode into the valley, â€Å"Not tho’ the soldiers knew someone had blundered.† There is a sense of patriotism, as they do not ask why they just do, â€Å"Theirs not to reply, theirs not to reason why Theirs but to do and die,† In the third verse the poet emphasizes the fact that they are trapped by repeating the word cannon to the left to the right and in front of them this works and brings up he idea of despair. It also personifies death as a horrible monster that has big powerful jaws, â€Å"Boldly they rode and well, into the jaws of Death, into the mouth of Hell.† In the fourth verse the poet stresses the fact that even though the cavalry was greatly out numbered they still went in ‘all guns blazing’ as the saying goes, with the sabres in the air fearless. It also talks about the amount of men at the end of each verse it talks of there being six hundred at the start of the poem â€Å"Rode the six hundred† but as we go through the poem the number slowly depletes â€Å"Then they rode back but not the six hundred.† At the end of the poem they tell us to honour them, â€Å"Honour the charge they made! Honour the Light Brigade, Noble six hundred!† The next three poems are all anti-war programs ‘Drummer Hodge’ is a poem written by Thomas Hardy it is a poem about The Boar War were they used to hire under age drummers that were too young to join the army to fight but they used to join so that they could play the drums for the soldiers. In this case there is a young boy that loses his life along with a lot of other boys. â€Å"They throw in Drummer Hodge, to rest uncoffined-just as found† this is the first line in this poem and it uses the word throw to almost mean that he was forced to his death or as the poet puts it â€Å"to rest†. The poet stresses the fact that Drummer Hodge was just a young boy from Wessex that did not know anything about the war and was not involved with the cause of the war yet still has to go and die in it, â€Å"Young Hodge the Drummer never knew- Fresh from his Wessex home- the meaning of the broad Karoo.† The Drummer doesn’t even get any acknowledgement or funeral but is just left to rot without a coffin, underneath the stars. He never even gets taken home but left there in a strange place along way from home. The poet gives us the impression that he is a long way from home by bringing the fact that there are strange stars that he has never seen before, â€Å"Strange stars amid the gloam†¦ And strange-eyed constellations reign†. Also in the last line, â€Å"His stars eternally† this is the poet’s way of saying that even though he didn’t get a funeral and no one even realized he had gone but the stars will always remember him. The next poem is I called ‘Disabled’ and it is written by Wilfred Owen. It is a poem about a man that served in the war that has lost his all his limbs. In the first verse he talks of â€Å"his ghastly grey suite† this is a suite that he would be made to wear it because it has been specially made for him without any limbs. It goes on to say that he hears the boys playing like used to before he became disabled and this saddens him, â€Å"Voices of boys rang saddening like a hymn.† He looks forward to the nurse coming to him and putting him to bed to blot out his sorrow and take him away from this world, â€Å"Till gathering sleep had mothered them from him.† In the second verse he goes back to before the war and talks about how he used to swing and swagger down the street on a Saturday night in the town. Now he knows that he will never be appealing to girls again and now they touch him with no love or care but just purely professionalism and no passion or attachment, â€Å"Girls’ waists are, or how warm their subtle hands; all of them touch him like some queer disease.† He then goes back to talking about when he was before the war and says that he used to have artists wanting to paint him because he had such a good looking face but since the war it is almost as if he has had all the blood drained from his body, when he lost his limbs and all the colour has been lost from his face. All that is left is a pasty white body. â€Å"He’s lost his colour very far from here, Poured it down shell-holes till the veins ran dry†¦ and leap of purple spurted from his thigh.† He carries on talking about how when he used to play football with his mates that he would like a bit of blood on his leg because then it would look like he had played hard, â€Å"One time he liked a blood- smear down his leg, After the matches, carried shoulder high.† He goes on to say how he didn’t even join up to the army for any real reason it was just because he had had too much to drink and he did it to impress the ladies and he wasn’t even old enough. He joined because he thought he would look good in a kilt and would like to pose in front of the ladies. He wanted to join up with his mates and have a laugh with them and bond with them. He talks about when he came back from the war he got a small cheer off some people but not as much as when he scored a goal in football. He feels that he got let down by the country as all that he got back was a small thank you off a priest and some fruit but he gave all his limbs, â€Å"Some cheered him home, but not as crowds cheer Goal. Only a solemn man who brought him fruits.† He reflects on how he must take pity like benefits from the nurses and also and how the girls were the main reason he joined up in the first place but now they look upon him with pity and turn to the other whole men, â€Å"To-night he noticed how the women’s eyes passed from him to the strong men that were whole.† At the end of the poem he can’t wait till the nurses come and put him to bed so he can drift away into his dreams and get out of this world, â€Å"How cold and late it is! Why don’t they come and put him into bed? Why don’t they come?† The last Poem is called ‘The Night Patrol’ and it is written by Arthur Graeme West. It is about a night patrol in the second world war that goes out into ‘no mans land’ to listen to the Germans and see if they are up to anything. In the first verse it is direct speech presumably by an officer telling the soldiers what to do. Once the soldiers get over the top of the trench the poet goes on to explain in detail about what it is like in ‘no-mans land’ the poet gets the point across that this patch of land has not been used for its original use for many years, â€Å"tufts of crackling cornstalks, two years old, No man had reaped,†. The poet also goes into detail about the things that are strewn there from recent attacks, â€Å"Packs, rifles, bayonets, belts and haversacks, shell fragments, and the huge whole forms of shells.† He then goes on talk about the dead laying there and he talks of â€Å"the vile sickly smell of rottenness;â €  which spares no feelings for the senses. There is no dignity for the soldier they even put them in weird positions so that they can guide their way back to their trench. The poet then talks of coming to the next obstacle which happens to be a number of dismembered corpses. This angers the soldiers because it is easy to dodge one dead corpse on your belly but it is harder to dodge lots of pieces of dead corpse, â€Å"All blown to bits, an archipelago of corrupt fragments, vexing to us three.† In the poem the soldiers finally get to the German wire the poet and the poet write of them lying down like the dead listening to the Germans, â€Å"We lay in the shelter of the last dead man , ourselves as dead,†. At the end of the poem they get back to the trench past all the dead corpses â€Å"and through the wire and home, and got our rum,† rum being the reward for doing what they did. Out of all the poems I think Disabled by Wilfred Owen is the most hard-hitting and moving. It talks about touching him like a â€Å"queer disease†. It is similar to ‘Drummer Hodge’ as it stresses the fact that there is no reason for these wars and these innocent lives to go to waste. I think ‘The Charge of the Light Brigade’ and ‘The Night Patrol’ are also similar as they both tell a story about a group of soldiers. Even though one of them is anti-war and the other one is pro-war. I think that ‘Who’s for the Game’ is on its own because it is written by a woman that has no experiences of war like the other poets.

Conflict Essay

The bringing of people together in social interaction necessarily involves a set of interpersonal dynamics which sooner or later will lead to conflict. Conflict between people or groups often arises from competition for resources, power, and status. Family members compete for attention. Individuals compete for jobs and wealth. Nations compete for territory and prestige. Different interest groups compete for influence and the power to make rules. Often the competition is not for resources but for ideas, one person or group wants to have the ideas or behaviour of another group suppressed, punished, or declared illegal. When you consider what a diverse society we live in, with so many different backgrounds, perspectives and approaches to life, it is not surprising that conflict is established as part and parcel of our everyday life. This is because people will have competing interests and competing perspectives in relation to the same issues, and so we should not be surprised when tensions exist between individuals and groups. Conflict is concerned with difference. If we were all the same, then there would be little or no conflict. However, thankfully we are not all the same, and so part of the price that we pay for the richness of diversity is that conflicts will arise at certain times. Conflicts are inevitable in one’s organizational life and personal life. Conflict tends to have negative consequences for both the individual and the organization. Performance is adversely affected. Decisions made may not be appropriate. Occasionally, they might even be unrealistic or irrational. Thus, conflicts tend to impair one’s efficiency. Sometimes, conflict is also observed to give rise to certain maladjusted behaviours in individuals trying to cope with it. These include alcoholism, drug abuse, excessive smoking, under eating or overeating and extremely aggressive or submissive behaviour. Conflict has also certain physiological consequences in that, certain changes take place within the physiological system which are often ignored or unnoticed. Hence, it may be understood that conflict not only affects an individual’s performance, but also gives rise to psychosomatic disturbances, which undermine the health of the individual. It can also be argued that conflicts are not necessarily bad. The progress we have made so far in our civilization is due to the conflict between nature & man. Conflict releases energy at every level of human activity, energy that can produce positive, constructive results. Conflicts tend to have a motivational value; they drive or energize an individual to tackle a situation. To resolve a conflict one might explore different avenues or alternatives of action, which make him/her more knowledgeable. Conflicts also provide opportunities to test one’s own abilities. Conflict can occur at personal level, interpersonal level, group level. It can be latent or covert. Causes of Conflict 1. Conflicts arise when people are competing for the same resources, when they are not fairly distributed or when there are not enough to go round. 2. Conflicts arise when the people are unhappy with how they are governed. 3. Conflicts arise when people’s beliefs clash. Religious and political views are particularly sensitive, because people often depend on these for a sense of identity and belonging. Sometimes the conflict is caused by a religious/political group being attacked; sometimes it is because the group is eager to spread a particular belief and even enforce it on others. Some leaders may aggravate religious and political differences as part of their tactics for keeping or gaining power. 4. In the same way ethnic differences can cause conflict, or be made to cause it. Again, people’s ethnicity gives them a sense of identity and belonging, and it is threats to this sense which can cause violent responses, just as individuals may lash out with angry words or gestures when they feel threatened. Causes of conflict in the work place The cause of workplace conflict is often misunderstood and blamed on personalities and misbehaviour, but in reality much workplace conflict is systemic and endemic to the workplace environment. Ineffective organisational systems, unpredictable policies, incompatible goals, scarce resources, and poor communication can all contribute to conflict in the workplace. Workplace conflict causes loss of productivity, distractions, and employee dissatisfaction. However, management can produce positive results by paying attention to and addressing the true causes of conflict in their organisations. Managing conflict Managing a conflict contains specialized interaction that prevents a dispute from becoming a destructive battle. Managing a conflict attends to the personal issues so as to allow for a constructive relationship, even though the objective issues may not be resolvable. For example, the former Soviet Union and the United States managed their conflict during the Cold War by using a variety of mechanisms. The objective issues in the dispute were not resolved, and neither were the personal issues, which contained significant perceptual differences. However, both sides attended significantly to the relationship to keep the disagreement from turning into a destructive battle. Ways people deal with conflict There is no one best way to deal with conflict. It depends on the current situation. Here are the major ways that people use to deal with conflict. 1. Avoidance. Pretend it is not there or ignore it. Usually this approach tends to worsen the conflict over time. 2. Accommodation. Give in to others, sometimes to the extent that you compromise yourself. Usually this approach tends to worsen the conflict over time, and causes conflicts within yourself. 3.  Competition. Work to get your way, rather than clarifying and addressing the issue. 4. Compromising. Mutual give-and-take. 5. Collaboration. Focus on working together. This approach sometimes raises new mutual needs. Effects of conflict Conflicts have positive and negative effects. They can lead to change if they are well managed, they can be used as a learning experience and they can be used to open up opportunities. However, prolonged conflicts can erupt into violence and disrupt the activities of the organisation, they may also damage relationships permanently and they can also lead to the death of an organisation. Change Most of us live and think as if the world were static, or as if it should be. As individuals, as professionals, and as members or leaders of organizations, too often the way we act, plan, and react betrays the assumption that tomorrow will be much like today, that we’ll slide by all right if we just get a little better, a little smarter, at doing what we are already doing. Some people, and some organizations, fall apart in the face of change. They seem well organized until something changes in their environment. According to Robbins (1999), change is concerned with making things different. Things must be different because they change constantly. When an organizational system is disturbed by some internal or external force, change frequently occurs. Change as a process, is simply modification of the structure or process of a system. It may be good or bad, the concept is descriptive only. † It may be constructive, destructive, comfortable or uncomfortable. People and organizations seem to have a pattern over their lifetimes. People and organizations that thrive on change share some fundamental attributes. Change is fractal: its basic nature looks the same at different scales. So the attributes that make an organization powerfully adaptive also make a relationship flexible and fruitful, a community liveable, and an individual creative, adaptive, and secure in the midst of turbulence. It is not possible to change an organization without changing oneself. Changing oneself will change an organization. The two are inextricably linked. If people seriously intend to help their organization go through the massive changes, they must set out on a path of changing their own lives, of learning the skills of change and applying them first to themselves. Any change is, in part, physical. It can be understood in one’s head, but until it lives in their body, it won’t change their behaviour. If a person wishes to be different, that person must learn to move differently, to make different physical decisions. â€Å"Stick to your knitting,† turns out to be a useful thought for dealing with change. However, at the core of every truth is a fallacy, a route to a deeper truth. The fallacy at the core of â€Å"stick to your knitting† is the invitation not to change, to stay satisfied with the way we are. Many of us have a grudging acceptance of the need to change. The reality is that every change is a new skill, one that takes time and attention to learn. If I wait to change until I am forced to it, I will be too late. To wait until change is forced on me is to stay perpetually behind on the learning curve. Whenever a person is trying to change something in his life, they should always remember that change without getting rid of the beliefs that cause the current behaviour or feelings is almost impossible. Furthermore, change probably is difficult when one is onvinced that they either saw or felt the belief causing their current behaviour or feeling on numerous occasions earlier in life. When they realize they never saw their belief and they caused the feeling, not reality, their belief will just dissolve. Today change is the essential of survival and a way of carrying out business. Every business firm whether big or small has to change with time or it will perish. This change along with it brings insecurities and pain that forces human beings or individuals to come out of their comfort zones to zone of uncomfortable debate and this leads to resistance to change.

Tuesday, July 30, 2019

Classmates Are a More Important Influence Than Parents on a Child’s Success in School Essay

There has been a great deal written about the function of parents in a child’s success. Educators have debated whether a child’s achievement is significantly affected by parents more than classmates or not. Some people who are against this idea may argue that the sharing and understanding of friends may help a child overcomes the obstacles and obtains the success. One idea that has received much attention is that the majority of children tend to obtain knowledge from their parents mainly because of its convenience and utility. This essay will discuss the parents’ crucial function is not just the in-depth experience but also the love for children. First and foremost, the wisdom of parents can help children steer their own boat in the ocean of life. Although, children are able to gain numerous knowledge from their classmates, parents can teach the kids a number of soft skills which need to utilizing in real life. Put differently, parent’s experiences are the advantages for children in order to succeed in this complicated society. There is no why reason why parents’ know ledge is not worth as much as classmates. Parents who have experienced their school days comprehend exactly what is the most effective and successful way to acquire knowledge and put this knowledge into practice. Therefore, children are easier to get high marks in tasks or exams by the assistance of parents. For another, parents also create a favourable environment for children which are likely to turn them into successful people. There is a story about Meng Zi who was an eminent philosopher in ancient china. When Meng Zi was a child, his mother did not wish Meng Zi to grow up to be a common illiterate civilian. She believed that if her son grew up amongst illiterate men then he would be as iliterate as them). Thus, she moved the houses several times and finally settled down near a private school, where Meng Zi could easily access knowledge and made contacts with intellectual. Second, classmates may be jealous with children’ achievement; nonetheless, their parents love them without selfish and benefit. When they witness their kids grow up day by day and have high status in society, they are really joyful. The children can share their most emotion with parents who they feel closet and reliable. For instance, one student has the best acedemic grades in class; however, his frends oftens ridicule and disturb him. This makes him feel stressful when come to school and his performance is worse and worse. One day, his parents know this and encourage him a lots. He tries his best to study and get high result in order to enroll medical university. Opponents of this may claim that because of the busy schedule parents have, they are unable to take enough time for their children. Sometimes, the only time they meet is at the dinner table. This not only creates a distance between them but also compels them to totally dependent on their friends for physical or emotional support, which is finally responsible for shaping their future. Therefore, most of the time, especially in the developed world, classmates can have a huge influence in a child’s life. They have a point in thinking like that. On the other hand, they forget one fact that the motivation of children tend to come from parents’ care since parents guide them about future career and talk to them about how important of studying so as to help them thoroughly about the benefits as well. In conclusion, it is undeniable that parents plays crucial role in shaping children’ life. First, their wide knowledge can assist children get high position in community. Second, when children face to difficulties, their parents always stand by them and support them with all loving. If this trend continues, more and more intellectual young generation will lay down a prosperous country.

Monday, July 29, 2019

Slavery and the Making of America Essay Example | Topics and Well Written Essays - 250 words - 1

Slavery and the Making of America - Essay Example Slave owners could sell their own children by proving they were illegitimate. Slave owners often slept with female slaves (Luminary_Aurora 2013). In the process, some of them conceived and depending on whether the owner was open about these relations, they could sell these children. Often considered an investment, slave owners could even intentionally impregnate their female slaves to place a sort of dividend. Slave owners considered the slave status something acquired from the mother only (Luminary_Aurora 2013). As a result, selling their children was not considered immoral or cruel. In effect, slave owners could either sell such children or keep them as their own slaves in hopes to make profits off of them.Frances Driggus went back to slavery after county Gaol found her guilty of theft in February 1699. Before this incident, Driggus allegedly stole meat from Charles Trelfo several years after being granted freedom (Luminary_Aurora 2013).

Sunday, July 28, 2019

HSBC Bank (employee mistakes) Research Paper Example | Topics and Well Written Essays - 3500 words

HSBC Bank (employee mistakes) - Research Paper Example Major flaws of the employees that have to do with customer relations were examined. For instance the research tested the various ways in which the availability of training facilities would help in equipping the employee with up-to-date knowledge on how to relate to the customer in a manner that would motivate the customer to come back for more services (Heppner, Kivlighan, Jr., & Wampold, 1999). The effect of employee stress on the rate of delivery and general productivity rate to meet the demands of customers were also examined as well as the role of organizational systems in ensuring that the right platforms are created to check the conduct and behave of employees to towards customers. By and large, it was concluded that HSBC is currently faced with avoidable losses as a result of common mistakes committed by employees and these mistakes come about as a result of low training for employees and high levels of stress. The company is however in a position to changing the trend by incr easing motivation and training for employees. 1.0 Introduction 1.1 Background Officially, the company that is commonly referred to as HSBC is known and registered as HSBC Holdings plc. HSBC Holdings plc is a British company with headquarters in London; whose major line of business is channeled at banking and financial service provision. This means that HSBC Holdings Plc is a financial organization who has other major companies in the same industry of finance as competitors. The company is touted as an international company with branches spread across the globe. There is a heavy representation of the company in major global economic destinations including Hong Kong, The United States of America, Mexico, Brazil and France. With such branches the company is known to offer prudent financial assistance to â€Å"over 50 million people worldwide to manage and save for their futures with a complete range of personal financial products† (HSBC, 2012). One of the highly commendable stan ds that the company has made over the years is that it has taken advantage of the globalization phenomenon to reach out to even more people who do not have the presence of the company in their countries. With such services such as online banking and online transfer services attached to the regular banking operations, HSBC was rated as the second largest banking and financial service company in the world (Kerlinger, 2006). It was also said that HSBC was the second largest company in public service delivery (LaFountain & Bartos, 2002). All these have been made possible by the 7,200 offices owned by the company in 85 countries with major listing on the London Stock Exchange and secondary listing in the Hong Kong Stock Exchange, New York Stock Exchange and the Bermuda Stock Exchange. On the London Stock Exchange alone, the official 2011 market capital of the company was quoted as ?87.4 billion (Rosenthal & Rosnow, 1991). This such a performance, there remains one thing left for the comp any to do and this is to maintain its statuesque or even think of making it better. 1.2 Problem Statement As the world continues to experience very huge competition in the financial sector with a strive to make good of the recovery of the present global economic recession, this research is seeking to examine the effect of training facilities, employee stress and organizational systems on the number of mistakes made by employees of HSBC and

Saturday, July 27, 2019

Hydrogen Energy and Fuel Cells Essay Example | Topics and Well Written Essays - 1500 words

Hydrogen Energy and Fuel Cells - Essay Example Although there are 6 challenges facing fuel cells, nations led by the U.S and Japan have taken the lead in developing hydrogen and fuel cells as their premier energy choice of the future. Global demand for energy is increasing at a frightening pace. World Energy Technology & Climate Policy Outlook {WETO} estimates that it will grow at an annual rate of 1.8% for the next two decades. The demand is presently being satisfied mainly by fossil fuels that are not only expensive and release greenhouse gases and other pollutants into the atmosphere but are also fast depleting (European Commission, 2003, page 9, para.1). In contrast, the hydrogen energy and fuel cell system ensures energy safety and regular supply, it is economically competitive and it does not pollute the air, but in fact reduces greenhouse gases; the recognition of these benefits is apparent as countries like the U.S and Japan, are laying the platform to ensure that it features heavily in the coming future. Hydrogen {chemic al sign H} is not a basic energy source {such as crude oil and gas}, but an energy carrier (European Commission, 2003, page 10, para.3). It is the most in-elaborate and most plentiful element on earth. A hydrogen atom has a single proton and a single electron. Hydrogen does not exist by itself in a natural gaseous form but readily combines with other elements {for example, it combines with oxygen to form water [H2O]} to form substances. Hydrogen is also contained in several organic compounds, especially hydrocarbons that are part of fuels like gasoline and methanol. Hydrogen can be separated from water by a procedure called electrolysis which uses electric current to split water into oxygen and hydrogen. Hydrogen can be split from hydrocarbons by a procedure called reforming that uses heat to carry out the separation (Renewable Energy World.com, 2009, para.1&2).A fuel cell (FIG.1) unites oxygen and hydrogen to produce electricity by an electrochemical process.

Friday, July 26, 2019

Adding Customer Value to Your Financial Prganisation for Competitive Essay

Adding Customer Value to Your Financial Prganisation for Competitive Advantage - Essay Example Background Financial institutions are increasingly facing a complex environment which directly relates with the competitive environment in the industry. The current financial crisis has relatively shaken the confidence of many in the viability of financial institutions and as such doing business in such an environment is really a challenge task. One of the most important ways through which any institution including financial institutions can compete and withstand the difficult economic situations is to develop its core competencies and create competitive advantage. One of the most important ways through which it can be achieved is the delivery of customer value to the customers of our organization. This could be helpful in order to allow the bank to actually lock in the existing base of customers while at the same time ensuring that new customers are also attracted.( Bill, 2003) To create a value for the customers, an organization however, have to incur the costs in order to ensure t hat the value delivered to the customers outpaces the cost incurred on generating such value. Resultantly an organization also develops its competitive advantage in order to become relatively stronger as compared to the competition. It is critical therefore that the customer value is generated to achieve the competitive advantage. ... In order to achieve this, there are real chances that the overall customer value may decline as the increasing cost pressures as well as liquidity crunch may force many banks and financial institutions to generate new avenues to achieve profitability. For any firm, its current base of customers is considered as one of the most valuable assets to care of and as such it is critical to understand that delivering value to the customers can be one of the key drivers of growth in an economy which is on decline. It is important therefore that strategic direction must be set to ensure that the delivering value to the customers is integrated with the generation of competitive advantage for the firm.( Shirley, 2000) Financial organizations are also relatively more regulated as compared to other industries therefore working in an environment which is heavily regulated requires innovativeness and creativity to develop and market products and services which can cater to the different needs of the customers while at the same time generating the relative value for the firm also. It is therefore critical that when an organization delivers customer value, the same must also result into the increase for the firm value too. Translation of the customer value to the firm value therefore is critical for manages to ensure because once competitive advantage is generated, it is important that the same must also develop into the firm level value for the firm. Commonwealth Bank’s effort to generate customer value and subsequent generation of competitive advantage therefore must result into the increase in the value for its shareholders and investors. Generation of

Thursday, July 25, 2019

Disciplinary Procedures Essay Example | Topics and Well Written Essays - 1500 words

Disciplinary Procedures - Essay Example To begin with, the procedures offer a framework for conducting investigations to establish the key facts regarding the case or grievances forwarded. The employer, therefore, collects the available evidence through series of hearings and disciplinary meetings. Nevertheless, the procedures dictate that facts ought to be established within a reasonable time after a complaint is forwarded. Secondly, the disciplinary procedures allow the employer to inform formally the employee under investigation about the problem. More so, this should be done in writing with attached pieces of evidence for the purpose of record keeping an avoiding inconsistency (Antcliff & Saundry 2009). Thirdly, the procedures aim at incorporating the views of the employee in the entire process of finding a solution. This is enhanced through hearings in which the employee responds to allegations and asks questions to seek clarification by presented evidence. Furthermore, the discipline procedures give employers the bas ic structure of arriving at decisions. Three major decisions can be made founded on the strength of the evidence presented in the employment tribunal. The employer may decide to write warning letters in case of gross misconduct whose extent may have threatened the operations of the organization. The letter should comprise of the mistakes done and recommended improvements. If the tribunal finds it fit to dismiss the employee, the responsible manager should do so within the legal system of termination of employment.

Economics for Business Essay Example | Topics and Well Written Essays - 1000 words

Economics for Business - Essay Example This would entail more concern for the poor and redressing those imbalances set off by the market capitalism. The point in the article is about how the rise of the â€Å"social democrats† would lead to a new order in the world. This article would be of interest to anyone concerned about the rise of the sort of market capitalism or the â€Å"neo-liberal† order that prevailed over the last thirty years or so. Given the way in which leading banks around the world collapsed or had to be bailed out for fear of imploding, the article certainly is timely and relevant to our times. Thus, the thesis of the article is about moving away from the old order and building new regulatory mechanisms in place. As Mr. Rudd puts it, â€Å"unfettered capitalism† is not only dangerous but malignant as well. I have chosen this article to review as it fits it with my thinking about the evolution of market economies and the way in which the future forms of capitalism would evolve from the debris of the current economic crisis. And given that Mr. Rudd was elected on a platform of â€Å"social change†, I am interested in pursuing this line of thinking. Many commentators have called the excesses of Wall Street as â€Å"Casino Capitalism† where the players tend to look at investments as a sort of game that yield higher and higher rate of returns without a thought for the risks involved in such an enterprise. The term has stuck as several of the â€Å"Ponzi† schemes have shown how unscrupulous brokers and bankers around the world resorted to an economy of debt and reckless lending practices combined with high risk taking behavior. Though classical economics places a reliance on debt and risk taking to get the profits coming, there are certain norms that are prescribed along with tenets of economic theory. What has happened over the last decade or so is that these tenets of economic theory have been ignored. One of this states that the value of an asset

Wednesday, July 24, 2019

Organic Farming Essay Example | Topics and Well Written Essays - 7500 words

Organic Farming - Essay Example The majority of the studies have concluded that organic farming and the food produced this way, providing it is properly monitored, is beneficial to the environment and to the consumer. However, the industry is not experiencing the growth that was forecast in the early days of development. If organic farming is so important, why is it still considered a fad and not become a way of life Is organic farming as important and efficient as its proponents suggest Little research has been directed at this dilemma. The scope of this report is to investigate the nature, structure, business, and legal aspect of Organic Farming, and to ascertain the validity of the claims made as to its importance as a preferable and sustainable source in the food and product chain. The objective is to ascertain why organic farming has not become an important issue to the consumer, and action can be taken to address this situation. To provide an answer to the hypothesis our research focuses on the following areas: - To give a balanced view to our study, we also look at the international aspect of the industry, in terms of its size and market share. Our intention is that this study will complement and add value to the existing research on the subject matter. In an effort to provide a logical ... To provide an answer to the hypothesis our research focuses on the following areas: - The ethics of Organic Farming, to ascertain whether the claims made are valid or not. The industry itself, in an effort to gauge the its marketing effectiveness, how it manages the risk element, and the domestic and international size of the industry. The applicable laws, standards, and labelling requirement imposed upon the industry. How the Organic industry can achieve a more effective program for educating the consumer in relation to the benefits and value of its products. To give a balanced view to our study, we also look at the international aspect of the industry, in terms of its size and market share. Our intention is that this study will complement and add value to the existing research on the subject matter. Overview In an effort to provide a logical progression for the paper, a brief history of the industry and its methods are outlined in chapter two. In the third chapter we concentrate upon the business aspect of the industry and its impact, both national and globally, before we move the to discuss the ethics of organic production in chapter four. The current laws, standards, and labelling upon the producers are reviewed in chapter five before we analyze the methods by which the industry currently educates the industry the consumer, and this leads us to the conclusion of our study in chapter, where appropriate recommendations will be outlined. Chapter 2 Background To provide for an better understanding of the substantial amount of research and debate that surrounds Organic Farming and the content of these papers, it is necessary to understand the origins of the industry, and the methods used and systems of

Tuesday, July 23, 2019

Written Play Reports Essay Example | Topics and Well Written Essays - 1000 words

Written Play Reports - Essay Example George Cuckor's direction is stunningly elaborate and his skilful handling ensures that none of the script's acerbic wit and irony is diminished under the fluff of the musical numbers. The execution of the musical is indeed praiseworthy and a truly befitting tribute to the George Bernard Shaw's classic 'Pygmalion'. Apart from the main protagonists, the actors playing Eliza Doolittle's father and Professor Higgins' mother, stand out for their acidic sharpness of dialogue and dialogue delivery. 2. Write a paragraph talking about the set design, the lighting, the costumes, the special effects, and the overall effect of the play. The film has sumptuous well lit sets of royal ballrooms where every pixel on screen appears buffed up and polished, with men and women draped in regal finery in sharp contrast to the threadbare and dirt encrusted faces of the poor folks at the shabby flower market. The set of Higgins' library stuffed full of hard bound books and recording instruments seemed quit e realistic for a professor of his stature. The background score backed by a full orchestra credibly supports and carries the play through its many moods. The costumes, scenery and production design-the handiwork of Cecil Beaton- was indeed successful in the challenge of intricately recreating London of a bygone era and ensuring that the characters and sets were not reduced to caricatures. It is known that an entire sound stage was converted into a hair, make-up and costume area for prepping for the famous Ascot sequence. 3. Write a paragraph describing the script of the play. Talk about which of the following aspects of the play are important to this script. You may not have to talk about all of these aspects in your paragraph, just the one's important to this play: subject matter, style, point-of-view, language, characterization, theme. While the story may be of a cockney girl's transformation into a lady on the back of a wager between an arrogant misogynistic phonetics professor and his friend- the genial interlocutor Col. Pickering, the subtexts run significantly deeper and are rife with satire and social commentary on how language and dialects create barriers and restrict social mobility; and a lowly flower girl's grit to break that barrier and to obtain a better station in life and be a respected lady as articulated by her in 'Isn't it loverly?' and an arrogant professor whose interest in the matter is entirely selfish. It is the style of presentation and articulation of these thoughts through intelligent verbal duelling and lyrical jousting like that of the pompous Prof. Higgins, the blatantly immoral Alfred DO little that entertains and enlightens the audience throughout. Despite perpetuating cultural stereotypes the musical remains non judgemental and largely fair and the watching the metamorphosis of Hepburn's Eliza Dolittle is quite enthralling. The film succeeds in showing the audience how accents and language reflects class and upbringing and how it can affect a person's life and lifestyle. 4. Who would you recommend see this play? This musical for all its attention to detail, its extravagant costumes and witty banter would appeal to the most discerning of audiences of all ages and watching the story unfold from a third person perspective is quite interesting, the story line itself being refreshing for a transatlantic audience. But even if these fail to impress, who can resist the charm and grace of Audrey Hepburn and the hope that the character of Eliza Dolittle holds out. Sound of Music 1) The movie in its appearance and content has more or less lived up to the source or origin, the autobiography of Maria Von Trapp (The Story of the Trapp Family

Monday, July 22, 2019

Black Aesthetics Essay Example for Free

Black Aesthetics Essay Black Aesthetics The word â€Å"aesthetics† can be defined as a branch of philosophy that critically reflects on art, culture, and nature. It is a view, opinion, or an attitude toward what is considered offensive or acceptable. It is more scientifically defined as a critical judgment of the sensory emotional values that exude from the nature of beauty, art, and taste. Aesthetics as it pertains to the black community or simply â€Å"black aesthetics† refers to ideologies and perspectives of art that centers around back culture and life. Black aesthetics spawned from the Blacks Arts Movement of the 1960’s where blacks demonstrated that you didn’t have to assimilate into white American culture. The movement refers to a period of African American creativity beginning in the mid-1960’s and continuing through much of the 1970’s. It was a pivotal moment in African American literature. It inspired black people to establish their own publishing houses, magazines, journals and art institutions. It led to the creation of African American Studies programs within universities. It all precipitated from the assassination of Malcolm X in 1965. Linked both chronologically and ideologically with the Black Power Movement, The BAM recognized the idea of two cultural Americas: one black and one white. The BAM pressed for the creation of a distinctive Black Aesthetic in which black artists created for black audiences. The movement saw artistic production as the key to revising Black American’s perceptions of themselves, thus the Black Aesthetic was believed to be an integral component of the economic, political, and cultural empowerment of the Black community. The Black Arts Movement called for an explicit connection between art and politics. This movement created the most prevalent era in black art history by taking stereotypes and racism and turning it into artistic value. The concepts of Black Power, Nationalism, Community, and Performance all influenced the formation of this national movement, and it proliferated through community institutions, theatrical performance, literature, and music. One of the biggest problems that black Americans have been dealing with since being removed from our homeland is self-identification within western civilization. American culture was initially shaped by many European races and cultures coming together through shared ideals and values in which, has attributed to our diversity. However, other races did not always have a choice; all of the enslaved Africans were forced to assimilate. During the late 1950’s and early 1960’s, many African nations were struggling for their independence from Europe. Their struggles correlate to the struggle of blacks in the United States during the same time period. Since the 1880’s, when European nations colonized Africa, Europe had almost complete control over the continent, but this changed during the 1950’s and 1960’s. By 1958, ten African countries had gained their independence, and sixteen more joined the list in 1960 alone. With these nations gaining heir independence, it demonstrated the ability of blacks to overpower their white oppressors. The Black Power and Black Arts Movement in the United States were the result of just that. Who are black people, what are black people, what is their relationship to America and the world? It must be repeated that the whole myth of Negro citizenship, perpetuated by the white elite, has confused the thinking of radical and progressive blacks and whites in this country. The broad masses of black people react to American society in the same manner as colonial peoples react to the West in Africa, and Latin America, and had the same relationship that of the colonized toward the colonizer. Too long have we allowed white people to interpret the importance and meaning of the cultural aspects of our society. We have allowed them to tell us what was good about our Afro-American music, art, and literature. How can a white person who is not part of the black psyche (except as the oppressor) interpret the meaning of the blues to us who are manifestations of the songs themselves? Black people concerning the contributions that we have made in shaping this country must make a thorough re-examination. If this re-examination and re-evaluation is not made, and black people are not given their proper due and respect, then the rivalries and contradictions are going to become more and more evident, more and more intense, until there is a national uproar.

Sunday, July 21, 2019

Critical success factors: Marks and Spencer

Critical success factors: Marks and Spencer Company Background In 1894, Micheal Marks, created a joint venture with Tom Spencer to enter the retailing business (company website). In 1904, the first shop opened at Cross Arcade in Leeds, West Yorkshire. The Marks Spencer (M S), celebrated their 120th anniversary in the year 2004 and for companys chief Executive position, Stuart Rose was appointed. The company was originally headquartered in Baker Street, London for many years, but later it shifted their registered office, at Waterside House, Paddington. At present, the company runs worldwide 600 stores, of which in UK alone 450 are located and 150 outlets remaining operating in 30 countries around the globe. In the year 2005, the company sales was amounted to US$14.6 billion with a market value of US$ 11.6 billion and profits at US$1.1 million and total assets of the company was US$8.1 billion. In retailing industry, Mark and Spencer are successful for several reasons. First, in terms of market understanding, they have created brand image, and provided a clear image to the consumers. In fact, their market strategy was not much deviated and thus much focused and moreover, they havent confused the consumers with competing brands. Another contributing factor to their success, was their proactive approach to human resources as in the UK, since many employees belongs to Marks and Spencer. In addition, it is likely that future employees and customers are familiar with current employees for Marks and Spencer who would be active in the decisions that in turn affect their jobs. Marks and Spencers one of the critical success factors is that they understand their customers by offering good value for the prices they charge rather than focusing only on price. Furthermore, the company could assure the same level of quality for goods throughout all their stores firstly, by using brand of St.Michael throughout the store and secondly, with their suppliers, they have exercised considerable control (by virtue of their size and the influence they have on their vendors). Marks and Spencer, relationship that has with its suppliers would be good for the company, however, for the suppliers, such relationship is difficult. Since company maintains such large customers that could dictate terms and conditions, but if it came from other customers, that would not be acceptable by the company. The companys other important critical success factors are efficient supply chain activities and an appropriate store inventory system. Main Organisational Challenges in Managing Global Supply Chain Today, a corporate challenge for each and every organization facing would be the acquirement of customer loyalty. Increase in competitors, expansion of market place, and provision of profitability by the customers would all work towards the advantages of the host organization. In addition, change in business pattern made customers to change their buying behaviour too. In order to meet the change in demands and address the change in consumer behaviour, organization administration had shifted their attention towards customer oriented for the purpose of being successful in business. To be success in the market, the companys need to entirely reformulate their predictable outlook of their business and shift from process-focused to customer-centred is an important leap towards competitive edge and service efficiency. In todays business environment, with the advancement of technological innovations, logical decisions about delivery operations, warehousing, stockholding and scale of economie s get more complex solutions. In managing the global supply chain, the following are considered as main organizational challenges. Innovation of products and development In order to survive in the competitive world of growing market of the business, the efforts wield in hunting for opportunities which are of potential in terms of profit making and development of new products based as per the requirement of target market would be valuable. In general, before started operating a profit-oriented company, there must be products that is being offered. The change in preference of the consumer and their lifestyle prompted each and every company worldwide to target on their offerings by creating innovative products and improving their existing products. Superior customer service satisfaction: Experts from the Marketing field stated that â€Å"in achieving business success, all you need is a customer† (1998). In addition, they further explained that the concepts and theories are no longer necessary on how to manage the concern and problem solving is also not guaranteed to be efficient. Effective implementation of Marketing Mix: According to and , Marketing mix is the â€Å"standardised set of fitting marketing variables that every business and any other profit-motivated industry implements, in order to come up with a desirable outcome or answer on the target market they choose to penetrate†. They are popularly called as 4Ps, consists of product, price, place and promotion. Marks and Spencer, and the management, used marketing mix efficiently and moreover it noteworthy to restate their research on marketing mix that with the constant research and development in all 4ps, today, in the UK retailing market, their product remained as the global leader, thus they could able to maintain their product with high quality. Competition: The first problem encountered in every business environment is the adverse competition. Companies always looks competitor product in a different way, as they examine their products by dismantle in different parts and compare with their own products, this tactics was used because, in order to make sure that competitor product is no way different from the existing product, if it so, then that part alone would be copied or adapted. They use this as a benchmarking and extend this concept to every process of their business. According to . (1994), to compare performance between competitors, competitive benchmarking has been utilized, where as to compare performance of a business or production process, process benchmarking has been used, this is not necessarily among competitors. In the same way, as discussed above, if Competitor Company has a better process or operation, then benchmarking company would tried to adapt or copies to their own needs. Conclusion In order to remain in todays global competitive economy, key strategic initiatives for companies like MS from the point of view of supply chain Management (SCMS), are service improving and costs reduction (1998). The SCM is one of the business strategies, which focuses on the quick response to needs of ever-changing market and lead time of shortened purchasing and in addition, add values to demanding customers, who has been increased recently at the minimum time and cost (2002). Relying on a single party, would not be feasible today to fulfil the sophisticated needs of customers, thus requires a full collaboration, integration, a total commitment and synchronization among all business partners (1999). Marks Spencer, as a profit-oriented organization is purely dedicated to provide products, with the benefit to their employees, protects the environment, and customers who utilizes them. The firm is striving to maintain their dedication, by showing their extreme interest to both the external and internal environment in which they operates. MS and its management, in building and sustaining supplier relationship would easily refer to present culture of supply existing culture being used by their company presently throughout the operations of long years. In order to retain good supplier relationship, integration and acquisition are potential methods. In addition, awareness increase to the conditions of subsidiaries and affiliates would determine somewhat about the potency of the company. To international success of subsidiaries, training and retention are deemed crucial (and 2003). Although the company is successful in term of customer satisfaction, there are certain critics to the comp any, who are really not satisfied with the business performance. As available figures and statements from expertise revealed that in order to better stay with their competitions, continuous effort has been taken to make sure that they are will be the better if not best and works above the standards. Thus, managerial decision would always work towards the company stated vision. The distinctive competence of MS in terms of applications, technical expertise, managerial aptitude are the important foundation of heterogeneity, that would substantially become an factor of competitive advantage of sustainable. According to (1995), â€Å"corporate success is based on the distinctive capabilities of the firm those things, often the product of its particular history, which competitors cannot reproduce even after others realize the benefits these capabilities bring to the company that enjoys them† (). Thus, with the effective implementation of the concepts mentioned, and competitive adv antages in an organization is not beyond its reach.

Child abuse: Cause and effects

Child abuse: Cause and effects Child Abuse Cause and Effects Abstract Child abuse is one of major problem faced by many children around the world and its take the attention of all nations. Children can be abused by different people like parents, strangeness, and member of their families, teachers and other children at school or in the community. Regardless who are the abusers, causes and effects are all same like any other abuse. Child abuse can be categorized into four types: physical abuse, psychological abuse, sexual abuse and neglect. Each type has different causes and different effects on child life and on the community. In this paper I will highlight the causes and effects of it .The causes can be due to poverty, family stress, abuse of substances (drugs, alcohol ) and psychological problems. The effects depend on the type of the cause and it can be divided into three categories which can be seen in the individual and reflect in the community. These are Emotional effects, physical effects and behavioral effects. Treatment of child abuse after the recognition of the causes and its effect is important and before that the prevention or stopping it is the chief of all. There are several clear steps everybody especially the family need or must to follow it. Child Abuse Cause and Effects Children are a gift from Goad to every parents dreaming of having a child. They have the right to be loved and treated will, unfortunately; still there are those who are suffering from abuse in the extremely sense of the word. It is also difficult to imagine that any person would purposely cause harm on any child .The word abuse is define as make a bad or wrong use of (Oxford Advanced, Learner Dictionary, 1977, P.4) and a child is defined by the Convention on the Rights of the Child (CRC) as Every human being below the age of 18 years unless under the law applicable under the child majority is attained earlier.Barent Barnet stated , Much as we might like to believe otherwise, child abuse is wide-spread.(Barent Barnet,1998) (P1207). There are several terms used by different agencies regarding child abuse. The United state Centers for Disease Control and Prevention (CDC) define child abuse or maltreatment as any act or series of acts of commission or omission by a parent or other car egiver that results in harm, potential for harm, or threat of harm to a child (Child Maltreatment: Definitions, ,April 20, 2009, para.1). Moreover, some child development experts simply they define child abuse as any act which fails to take care of the children. At present the rate of child abuse incidents increased rapidly and continuing and each child around the world in spite of his /her age, sex, race and religion can fall victim for abuse from the strangers or from member of his/her family. According to Child Protective Service agencies, state in 2001 probable 3 million children were reported as suspected victims of abuse and neglect. They reported that young children are most at risk for being abuse or neglect, and 40% of the victims are under the age of 6 years too (Barent Barnet, 1998) (P1207). Child abuse can include many types, has many causes and its affects the innocent children negatively and leaves deep and permanent marks on them. Child Abuse can happen because of poverty, family stress, abuse of substances (drugs, alcohol ) and psychological problems. Child abuses have different forms. It can be physical, emotional , sexual abuse and neglect. The abusers can be from family or a stranger and those are selected to express their difficulties or problems on the helpless children who are unable to defend themselves. The effects of any types of abuse what ever the cause is severe and various according to the form of abuse. It can be seen on the child, family and community. Causes of Child abuse There are several causes of child abuse. First cause is poverty. It happens when the family does not have the resources to provide or to meet the need of their family members especially children like food, proper dress, education .ect. In some poor countries, number of families tends to sail their children to rich people and some they make them to work in very young age or they just leave them in front of any orphaned door because they are unable to meet their need and this consider as abuse for them. Family as we know is considers as core of safety to all children and it is an important sour of love and care. Family problems are the second cause of child abuse, it can be due to divorce so the child will be separated from the family and because of that a lot of problems raised such as both parents asking for their right to take the child. Moreover, child abuse almost occurs in many families with abused parents were they abused before therefore they are reflecting that on their child ren. Some of the parents are young and they dont know how to deal with difficulties that they face when taken care of a child. The third cause of abuse results because the abusers are taken substances which make them unaware of them self or others around them. Substance abuse is become one of the main reasons for the increasing number of child abuse around the world. Through out different studies it was clear that parents with history of substance abuse, most commonly alcohol, cocaine, and heroin, were more likely to abuse their children. This substance can leads to developing abnormal behaviors by the abuser either they are from family or strangers. The last cause of child abuse can be psychological. Parents who do not have a support community of close friends or relatives living nearby may feel isolated. Some of the family members who are suffering from mental disorders tend to harm the child without knowing Forms of child abuse Child abuse can take different forms physical abuse, emotional abuse, sexual abuse and neglect as mention previously. Physical abuse includes scalding, beating or severe physical punishment and it is easiest to identify the dangers of physical abuse. Sexual abuse includes sexual assault, fondling of genital areas, and exposure to indecent acts or involvement in sexual pornography in the net or in some television channels. Sexual abusers steal from a child their childhood. Emotional abuse includes verbal abuse and unfair criticism, terrorizing acts, and lack of nurturance or emotional support. Child neglect can take on a number of different forms. For instance a childs nutritional needs can be ignored, resulting in a deficient diet and, in turn, a failure to thrive. This type of neglect is not necessarily done purposely and it may result because parents have lack of knowledge regarding a healthy diet or from poverty. Physical neglect results when a child is not provided with shelter a nd clothing. Neglect can also come in the form of inadequate medical care, lack of proper supervision, and lack of educational opportunities. Finally, neglect also includes inadequate emotional care, where a child experiences a continuous lack of response to his or her crying or any other behavior in need of a response. A UNICEF report on child well-being stated that the United States and the United Kingdom ranked lowest among industrial nations with respect to the wellbeing of children. This study also found that child neglect and child abuse are far more common in single-parent families than in families where both parents are present. The type of neglect experienced by children can be dependent on the culture in which child lives. For example, in India one problem still faced by many young women is marriage in small age and some time they are still children. Due to extreme poverty, many girls are consider as a financial burden to their families and are in turn forced to marry in e xchange for money. In some cases, young women are sold. As Segal (2001) notes, under both circumstances these children are inevitably physically abused. Based on the above child abuse with its various forms and causes it has several effects too. It can be short, and others are lifelong so it is differ according to the severity of the abuse and its type. Children with a history of abuse are at risk of developing psychiatric problems. Furthermore, new research linked between exposure to child abuse in all its forms and rates of many chronic conditions that adult develops. The strongest evidence comes from the Adverse Childhood Experiences like V. J. Felitti, MD Kaiser Permanente and R. F. Anda, series of studies which show relations between exposure to abuse or neglect and higher rates in adulthood of chronic conditions, high risk health behaviors and shortened live span. The effects of child abuse can be divided into three categories which can be seen in the individual and reflect in the community. These are Emotional effects, physical effects and behavioral. Starting with emotional effects which include low self-esteem, depression a nd anxiety, eating disorders, bad dreams; bed wetting, difficulties in building relationship, isolation, and personality disorders. Physical effects include life threatening injuries, death, lifelong health problems, difficulties in understanding, and physical disabilities. Finally, Behavioral effects that include problems in school the progress of mental development , criminal behavior, pregnancy of girls in small age, suicide attempts, substance abuse, aggressive behavior, abuse others and anger. In conclusion, it is clear that child abuse is a global problem. It occurs due to several causes which can be financial stress and poverty, adult use of alcohol and other drugs, parents are not having basic knowledge of child care and development. In addition adults can abuse children in different ways for example physically, emotionally, sexually and by neglect. So it is important or must be aware of the signs which may leads to abuse and detect it. These characteristic can appear in: Families who are isolated and not involve with the community. Parents who are having history of abused as children. Families who are most of the time facing money problems. Parents who abuse drugs or alcohol so they become impairment caused by being intoxicated. Parents who are very inflexible in disciplining their child. Parents who show too much or too little concern for their child. Parents who feel they have a difficult child. Parents who are under a lot of stress The effect of these problems are found in the child and then in the community as a result. The effects on a child depends on the degree of the abuse is, the greater the abuse, the greater the effect on the child. Abused children also exhibit conditions like difficulty in building up relationships with others so he/she will be isolated from community. A feeling of guilt and anger can be develop and may become abuser him/herself later in adult stage. It is clear that child abuse regardless of its cause leaves more than just bruises or words; it is a matter which needs a greatest attention since it involves the future generation of the world. Not only they will suffer from the physical and mental abuse, they suffer many long-term effects, including delays in developmental, refusal to attend school, separation from community and anxiety disorders. Even though, child abuse is still continuing and complex problem with many causes, we should not build a negative attitude toward its prevention. Therefore everybody responsible in stopping child abuse by reducing if not eliminating the causes yet we feel angry at abuser who can take away a spirit of a child. Around the world there are many agencies with different program trying their best to stop it. This can be done by adapting several plans for example: Preventing and treat individual with substance abuse Parents listening to their children and talk with them. Educating new parents on the parenting skills since Children need to know that they are special, loved and capable of following their dreams. Stopping child abuse when seeing it. Teaching the child the difference between acceptable and unacceptable touching, and to trust their instincts about people. Educating the parents about the signs of abuse so it will be easy to detect it. Children are an important element in any community; they desire a maximum love and care should be given to them without any restrictions. They are deserves a healthy, save childhood and the opportunity to grow up to normally and become contributing adult able to serve and build up a healthy community. We all want to protect them and guide them in the right direction. References Child Abuse Physical Abuse and Neglect, Psychological Maltreatment, Sexual Abuse. Retrieved December 18, 2009, from http://family .jarnk.org/pages/219/child-abuse.html Child Abuse. Retrieved December 18, 2009, from hptt://www.indianchild.com/child_abuse.htm-child Coon, D. (2004). Introduction to psychology, Gateways to Mind and Behavior (Tenth Edition ed.). Hornby, A. (1985). Oxford Advanced Learners Dictionary of Current English. Potts, N. L., L.Mandleco, B. (2007). Pediatr ic Nursing, caring for children and Their Families (Second Edition ed.). The Adverse Childhood Experiences (ACE) Study,Retrieved December 18,2009, from http://www.acestudy.org/ The Relationship between Parental Alcohol, Drug Abuse and Child Maltreatment. Retrieved December 18, 2009, from http://www.childabuse.com/fs14.htm The Reality of Child Abuse cause and effect. (2009). Retrieved December 18, 2009, from http://stopabusega.tripod.com/id6.html United state Centers for Disease Control and Prevention (CDC),child Abuse,. Retrieved December21, 2009, from http://www.cdc.gov/std/stats/pdf/trends2006.pdf What is child abuse and neglect?. Retrieved December 20, 2009, from http://www.orgeon.gov/DHS/children/abuse/abuse-neglect.shtml

Saturday, July 20, 2019

The Dark Humor of Hamlet Essay -- GCSE English Literature Coursework

The Dark Humor of Hamlet  Ã‚     Ã‚  Ã‚   Hamlet's black humor is a direct result of too much anger: it leads to the alienation, and finally the death of the people who know him, and eventually causes his own death. First, Hamlet's reaction his mother's marriage right after Old Hamlet's funeral shows that his anger alienates him from his mother. Second, his reaction to Polonius, Rosencrantz and Guildenstern is his indirect anger to the world, because Hamlet feels that everyone is betraying and using him. Lastly, the anger towards Gertrude is expressed in conversations with Ophelia which eventually leads to her death.      Ã‚  Ã‚   Hamlet tells Horatio that the food served in the funeral will be the same served in his mother's wedding. " The funeral baked meats Did coldly furnish forth the marriage tables." (Act 1, Scene 11, Line 180) It shows that Hamlet is really disturbed about his mother marrying his uncle the day after his father's death. Later on in the story, he loses his temper with his mother. "Mother, for your love of grace, Lay not the flattering unaction to your soul, That no...

Friday, July 19, 2019

Pablo Casals: Internationally Renowned Cellist Essay -- Biography Bio

Pablo Casals: Internationally Renowned Cellist Pablo Casals (sometimes called his original name Pau Carlos Salvidor Defillo De Casals) was one of, if not, the greatest cellists in history. Casals is easily recognized as one of the master soloists of classical music and he has many accomplishments in his many years as a public figure that have made him internationally renowned. Casals was born in Vendrell, Spain on December 29, 1876. He received his very first music lessons from his father (a music teacher), on the violin. A four years after that, at the age of twelve, Casals realized he would much rather play the cello instead, and begin lessons with that instrument. After nine years of study on the playing and the designing of the instrument at the Madrid Conservatory, Casals decided to improve the sound of the cello by making important modifications on the techniques of playing it. For this first accomplishment Casals made, which he thought of simply as "necessary to my performance", Pablo Casals was widely acclaimed as a master. He recei...

Thursday, July 18, 2019

Comparison of Masaccios The Holy Trinity and Grunewalds The Isenheim

Comparison of Masaccio's The Holy Trinity and Grunewald's The Isenheim Altarpiece The Holy Trinity by Masaccio was a painting done in approximately 1428. It is a superb example of Masaccio's use of space and perspective. It consists of two levels of unequal height. Christ is represented on the top half, in a coffered, barrel-vaulted chapel. On one side of him is the Virgin Mary, and on the other, St. John. Christ himself is supported by God the Father, and the Dove of the Holy Spirit rests on Christ's halo. In front of the pilasters that enframe the chapel kneel the donors (husband and wife). Underneath the altar (a masonry insert in the painted composition) is a tomb. Inside the tomb is a skeleton, which may represent Adam. The vanishing point is at the center of the masonry altar, because this is the eye level of the spectator, who looks up at the Trinity and down at the tomb. The vanishing point, five feet above the floor level, pulls both views together. By doing this, an illusion of an actual structure is created. The interior volume of this 'structure' is an extension of the space that the person looking at the work is standing in. The adjustment of the spectator to the pictured space is one of the first steps in the development of illusionistic painting. Illusionistic painting fascinated many artists of the Renaissance and Baroque periods. The proportions in this painting are so numerically exact that one can actually calculate the numerical dimensions of the chapel in the background. The span of the painted vault is seven feet, and the depth is nine feet. "Thus, he achieves not only successful illusion, but a rational, metrical coherence that, by maintaining the ... ... wearing a small robe around his waist. The other forms are depicted superbly. Their bodies are not lost behind the drapery which they wear, yet they are not seen exactly either. The folds are more delicate, which create a calmer mood. (Christ's description was already given). The forms are three dimensional, and also have weight. They clearly take up space, and where they are is clearly defined. As in The Holy Trinity, the composition is generally symmetrical, centered around the body of Christ. It is a frightful composition, because of the events taking place. Expression is shown on all of the figures, who grieve Christ's death. Overall, the two works are very similar. Masaccio, however, was more interested in the mathematical aspects of painting than Grunewald. Both works are superb, and have their own distinct qualities.

Case Study Business Ethics

Comment on Piech’s neglect in not telling the board about Porsche buying Volkswagen shares. What is the significance of this event? During a Volkswagen supervisory meeting on April 19,2006, some of the board members asked for the reason on the dramatically changes on the price of Volkswagen shares. Unfortunately, there was no answer on this matter. Piech was the one who know about Porsche buying Volkswagen shares and purposely not informed to the board members of Volkswagen. The price of shares increased was due to Porsche keep buying the Volkswagen shares.Piech stated that he kept quiet on the increasing of the price of Volkswagen shares because he did not want the price of Volkswagen shares to increase much more higher. It is unethical behavior that done by Piech. Piech should inform the board members of Volkswagen as they can find a strategy to prevent the share price grows up abnormally. The board members have the right to be well informed on the reason of changes on the s hares price. The significance of this event is the drastically increase in the price of Volkswagen shares.Porsche tends to buy the Volkswagen shares as much as possible in order to increase the price of Volkswagen shares. Porsche would like to increase the price of Volkswagen shares in order to direct the Volkswagen shareholders that Porsche want to takeover Volkswagen. It then makes sense to the public that Porsche want the share of Volkswagen. From here, Porsche shorted huge amounts of Volkswagen shares by borrowing from the existing owners. Then, Porsche started to sell it to earn the money and buy back the shares when the price dropped.It results Porsche earned a large amount of profit by short selling the shares. As Porsche acquired a large amount of Volkswagen shares, Porsche became the Volkswagen’s largest shareholder. The Economist. (2008). How Porsche fleeced hedge funds and roiled the world’s financial markets. Retrieved from http://www. economist. com/node/1 2523898. Bloomberg. (2012). Piech Crowns 20-Year VW Turnaround With Porsche Takeover. Retrieved from http://www. bloomberg. com/news/2012-07-05/piech-crowns-20-year-vw-turnaround-with-porsche-takeover-cars. html

Wednesday, July 17, 2019

Understanding the Value of Creativity in Advertising

Understanding the value of originativeness in Advertising Creativity is thinking hot things. Innovation is doing new things. (Theodore Levitt) In todays media landscape where its truly knock come out of the closet to shape consumers location and intentions and move them to next level of purchasing process, advertisers limit it even more than than difficult and ch everyenging to hiatus through the fix of competing advertisement. The advertisement industry has experienced projectile changes over the last several decades.The changes stool been equit adapted in terms of applied science advancement, Medium and more methods to attract consumers and on Creativity. This get ledger represents how creativity impacted denote and come acrossing the value of creativity in advertize through the Review of conf utilise literatures. The importance of creativity factor in publicise has got wide recognition by galore(postnominal) interrogati championrs, practiti angioten sin converting enzymer, however in that location is a miss of legitimate & systematic research to de delightful advertizing creativity and how it relates to ad effectiveness.The check subject discusses some(a) campaigns that move over left their strong impression on consumers. The presented review admit tries to come up with some evidence of creativity by reviewing expert views, ag unriv onlyed literature in advertisement and commercializeing. The study discusses different fabrication on how creativity reverses, and what makes an ad to last good or poorly. It summarized the value of creativity in ad through beneficial interviews, published material and related subaltern selective in sortingation to see the logic. Methodology This study utilise a review study method to analyze the secondary selective information & observations.David Ogilvy once quoted that If it doesnt sell, it isnt fictive. In this review study researcherhas analyzed secondary data through the ser ial publication of interview, expert comments, and remain cases of unhomogeneous literatures and through live observations to understand the value of creativity in advertising. The review paper includes a various article, raillery and market insight from the leading marketers, inventive schoolor insights about how this promising form of advertising is constantly evolving. INTRODUCTION AND emphasise Creativity is adopting something new when you verbal expression at something old it is every last(predicate) fancy of civilization and is the driving force of vicissitude-David Ogilvy It is an accepted fact that at that place should be an element of creativity in an advertisement. This creativity is something new, ridiculous, extreme attractive and appealing to the consumers. In fact, advertising itself is a yeasty process. It is the import of great term planning and substantial work on the part of the written matter writer & creative director who prep bes & shapes the last-place copy of advertisement. http//www. baclubindia. com /forum/files/37_37_creativity_in_advertising_project_report. doc In todays media landscape advertisers find it even more challenging to break through the clutter of competing ads in send to shape consumers attitudes and intentions. A good utility(a) strategy to greater advertising consumption vacuousthorn be more creative advertising. Understanding the fact that creative vagarys do not come over night they ar required to be certain through systematic thinking. Breakthrough ideas magnate appear to be instant or impulsive, but they atomic number 18 not.They be establish on sound strategy, outstanding visuals and copy, and the reconcile application of quantify and media. The art is in ensuring that all elements of communion work unneurotic so that the end direct is more powerful and effective. http//crackminds. com/? p=221 in that location ar more bold evidences that signifi plentyt changes set about by this industry. few of these changes are good big ideas, innovative partnerships, & gratifying new work, that picture what advertising throw out do for chumps.Advertising allows you to communicate a salient mental object to a large group of consumers fast-paced than any other form of communication. It allows you to hearty connect with your consumer it gives you an opportunity to develop an ongoing relationship between the consumer and a check off. At its best, advertising allow for realize a sense of urgency for the consumer, honest k straighta modalityingness and accurate that there are yields, places, styles or sensibilities that cry out for precaution or action.To do that there are various styles of advertising, a soft sell or a hard sell, a knotty approach or a conspicuous approach, an informative style, humor or a modern and edgy one. Style will al demeanors change with the reaping or serve well you are exchange with the timing of the heart and with the medi um you are using. notwithstanding authorised aspect is how you can act on your consumers to watch that creative challenge you took with the get going of style.The cardinal thing is finding the advanced counterweight between defining a good creative capacity and execution. The true craft is in identifying ways to interest consumers in what is macrocosm offered at the uniform clock age fairifiable creativity. A creative strategy can put you on the right course, but in a world filled with distractions and clutter you mustiness develop communications that capture consumer concern and interest. The key is delivering the selling point in an interesting, single-minded, non-contrived manner. some advertising sells brands. Great advertising as fountainhead as builds them. Advertising might, at times, trod on the fine line between creativity and good considerations. Creativity makes advertisement popular among the consumers and motivates them to bribe advertisement specifi c overlap. The advertising cognitive content is received come up by the grade audience for follow-up action. LEARNING FROM recent SOME HERITAGE BRANDS AND RECALL take to be In India there are some brands who hand acquired searching space in consumer mindset.These brands played very important image in initial marketing era, and managed to bring into being an unforgettable brand for Indian households. These brands stomach endured the test of time. Colgate Toothpaste, Vimal, Pears soap, Mysore Sandal Soap, Woodwards Gripe Water, Dabur, Amrutanjan balm, Vicco, Ponds, breaker, Amul and prestigiousness Pressure Cooker are symbols of heritage brands of India. Some of these brands are represent the Indian culture. sometimes the brand relies heavily on product and price features, quite a than advertising creativity.The adjourned determine of some of these heritage brands are higher(prenominal) than todays brands, the Colgates Surkasha chakra, Viccos jingle Vicco turmeric nahi cosmetic Advice of lalita ji for Surf, Surf ki khariddari mai hi samjhdari hai, Bajaj with it all time hit tagline Hamara Bajaj, or it be Lux with tagline filmi sitaron ka saundarya sabun, & Dalda-vanaspati was a impressive mastery and ruled the perch during its time, the unforgettable Liril campaign, the ad was all about peeingfalls, abundant water and the girl splashing about in total abandon singing la la la la laaa.The ad was major conquest & very much appreciated, at the same time it became the highest selling premium toilet soap in a period of two years. fundamentally Most of the Heritage brands appeal to umpteen age groups, in all probability the product /brands is what used by one generation, had been used by the previous generation and is used briefly by the current generation. Understanding the achievement mantra behind these heritage brands can be tough but there are strong evidence stating towards their advertising appeal.The singularity of the campaign leads to wards the high recalling. The frequency of video commercial was slight and during that era there wasnt much competition and managed with tho National TV channel, Doordarshan these brands made their charge heavily on consumers, whereas Todays as a competitive market emerged in various categories i. e. soaps, shampoos, TVs fridge, Air conditioner and computers so did the media options to reach more people. THE CAMPAIGNS HOW CREATIVITY WORKS?The current scenarios localisees that advertising has altered in many ways, now advertising become more and more creative, and getting real. Creativity increases the brand value. in that location is enough evidence that value for a brand will be create through creativity. With Pointing on Indias phenomenal growth, it has become even more important for ad agencies and their clients to gear up unitedly to meet challenges that come with such expansion. Creative ideas take away no boundaries, papers can water faucet anytime.A successful & g reat creative idea can give brands the required jab to explore new heights. It is very important that with creativity involved in advertising it should not forget its basic order of business of informing, convincing, and selling. Creative advertising needs to intelligent, sharp, fantastic to the point and extremely catchy. It must begin people to purchase advertisement product. The message and appeal made should be able to make positive impact on the consumers. The creativity develops new useful ideas which oppose fulfill the desired requirement.Creativity should focus the attention of the customer on the product and he must feel the urge to deport that product for same benefit. This suggests that creative advertising should be able to create beg for the product when it is introduced for the first time. Some of the distinguishable creative ads impacted hard. VODAFONES being The Zoozoo After successfully rebranding hut to Vodafone Vodafone Essar Limited, the India-based supplementary of the global ready network operator, Vodafone started expanding its nominal head in pan India.The new personification of Vodafone is Zoozoo has created a new belongings of creativity. The Zoozoos advertising campaign highlighted the different value added service (VAS) offered by the fellowship. This creative aspect got bulky appreciation from the customer and they say you patently Love them and you just cant ignore them. The Zoozoos were everywhere. The creative ad serial publication of 30 TVCs, were Created by Ogilvy & Mather for IPL Season 2. The Zoozoos coffee bean Mugs and T-shirts became instant hit in the market.Prior to this what Vodafone did to show the transition from Hutch to Vodafone, ad commission O&M launched a rather direct, thematic ad showing the mark pug in a garden, move out of a pink sullen kennel symbolizing Hutch, and making his way into a red one (the Vodafone color). A more energetic, chirpier version of the You and I telephone circ uit associated with Hutch, plays towards the end, as the super concludes, Change is good. Hutch is now Vodafone. Public Awareness A simple public awareness TVC shows a man manipulating a remote take care toy car in an responsibility set up.He receives a call and tries to resolution it with continuing to manipulate the controls of the car. The car crashes. The message is clear and gets across with no duplicate layers. Driving while conversationing on a mobile can cause accidents. IDEA Cellular The ideas of Idea cellular campaign were worked really headspring. It has been an interesting and about off the track ride for the brand belonging to the Aditya Birla Group. This cellular service used its brand name idea and real social issues to successfully showcasing its message in the consumers mind.The campaign shows ugly domain in the social and political sphere in India, its very unique and different combination of creative aspect, What an Idea sir ji campaigns raised issues re lated to club wars, Education for all, Democracy, health Campaign, walk and talk. The creativity of ideas worked well, while the team is well aware that nigh of the solutions it propagates in its ads may seem improbable, but at least it makes people think. The antic is make if consumer alike starts saying what an Idea, Sirji There are many creative ads which made a direct entry into customer mind.Camlins unceasing Marker made a apparent effect on the consumer it leaves Lowe Lintas, devised a simmer down concept for the brand to advertise the product. This time this is OOH advertising, the simple but eye-catching hoarding, with the tether cut-out men having mechanically-backed moving limbs, trying to hang-up off the words written in bright red, also displays the product the change slight marker. The stratum of permanent markers are a very low involvement, in such scenario also ad agency had done clutter breaking, and at the same time, something that brings out the essage clearly here the message being permanent. WHAT MAKES ADS TRAVEL GOOD OR rugged A REALITY CHECK There are numerous factors play roles in determining whether advertisement travel well or poorly. Marketers need to test quadruplex markets to get a full agreement of an ads likely effectiveness, but it becomes equally imperative to understand what it takes to hightail it the odds and create a rattling Creative Advertising. The combination of creativity and the characteristics of ads that travelled well are, Children, Celebrities, Music, witticism and Emotions.In India presence of Celebrities makes a big difference and this can work across markets. True to the phenomena that the famous laurels can contribute to an ad travel well but the ultimately success comes down to the power of good copy. Humor, this word will now be associated with advertising for a long time to come. Humor can work greatly well, credibly because it was cracked not long past by the advertising fraternity, O r probably because the otherwise fretting Indian audience feels mostly pepped up with humor in ads, and therefore, there are more chances of an ad getting mind space.Whatever be it, its a facial expression which now everybody is trying hands on. Some ads are surely worth the effort. specially when it comes from visual and music, the examples can be Happydent white, and the great Amul butter print series with Amul girl , Fevicol ads, Mentos , Vodafone ad Children in the ads can certainly avail to travel well it is not simply the cuteness that adds to creative portability, but rather the childs unique perspective and reaction to an event within the ads.An excellent example is shucks is Good or Daag Achche Hai ad for Surf Excel, in which a brother fights the blow his sister fell into. And the recent on which shows a little boy feigning to be a dog in order to make his teacher, who has just disjointed her dog, smile. Of course, in the process his white unvarying gets mud spatte red and totally fit of a Surf Excel wash. This one from Lowe Lintas tugs the heart strings. This campaign sticks to its Daag Achche Hai premise.Bank of India showing put one across with piggy bank is yet another(prenominal) creative scoop. At the same time advertising that generates an emotional response also has its own benefit, like it can help generate engagement and memorability and it can help the emotions transfer to the brand shaping the brand perception. Doves real sweetheart campaign is perfect example. CREATIVE advertizing IS THERE A STRONG penury Most brands in the same crime syndicate deliver more or less the same functional benefits and answer the same needs of the consumers.With so many products on the market having the same function, the only way to position a product, service, or company differently from anything else in the same category is through creative development in advertising. Today traditional advertising is losing its sheen. The biggest puzzle with t raditional media is that consumers today have gobs of choice for ad avoidance. The fragmentation is very high and there is very less scope of customized message for all. The Indian consumer has changed if we focus on this issue there is a lot more on the transportation to choose from.Now the message unlike the past is no longer a one way process. But public printing is far more mobilized, they have flying platform for expression. The expert believes that the creativity in advertising could never exist in isolation without a context. The success of closing product all told depends on empathy and the relevancy of message it intends to deliver. The trigger for ideas and insights must needfully come from the environment. The new millennium is just decade old, advertising, which is about creating demand, also has undergone a complete transformation.Many things have changed and many things have stayed exactly the same in this industry. The media agencies have witnessed the tremendou s growth in skills set. If one critically analyze, advertising reflects the mood of the times. The simple inform-persuade-sell mode worked beautifully for a long time but once communication became sophisticated, technology entered, there was a simulacrum shift. Multi-tasking became the order the day. It is not uncommon to see todays kids on the mobile while hitting the net, right?So in this age of Youtube, Twitter and Facebook, advertising content has to keep pace. It cant be as direct, naive and simplistic as it once was. The new-age consumer would dismiss it, straightaway. For hard core information and details about products and work that are in the hi-ticket category, the internet provides it all one doesnt have to completely depend on advertising. So the job of advertising today is to primarily push the brand in an endearing vogue that triggers the recall factor, and examples discussed indicates that creativity stored better recall value.Unlike other businesses, advertising is ultimately a peoples business. Thus creative advertising that sells is the results of triple ingredients people, information, and environment. If you create the appropriate environment for creative people with right information, they can create great advertising. To make the right environment, Ad people must bond together as a team not as individual. Therefore, creative advertising that actually sells is the result of team work. This is one single most important characteristic of creativity in advertising business.Creativity resulting from team work, effectiveness and communication, these are the key factors in successful advertising campaigns. The Ad agencies must strive for balance between them. How many TVCs of toothpastes, soaps, creams, shampoos, of different companies could were severalise from one another? Examples are many, all toothpastes promises white teeth & fresh confidential information some shampoos promise Zero hair Fall, another one promises Zero Dandruff and be guarantee strong, shine and strength.With creative ads they can certainly communicate it differently so as to create a distinct brand image in the minds of the consumer, Consumers oft remember and memorize the creative ads than the product rarely any advertisement makes the product memorable. So understanding the various dimension of advertising creativity is important. To fully understand creativity, one would need to expose what factors are generally held to comprise it. Some dimensions are Novelty, Meaningfulness, Well Craftiness, Positivity, and Humor.

Tuesday, July 16, 2019

Only the Strong Survive

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.