Rachel Carson’s Silent Spring Essay

Throughout time, American attitudes towards the importance of the environment have lessened. American farmers have begun to use poisons, such as parathion, which has begun killing animals and humans. Rachel Carson, a noted biologist, published her novel Silent Spring in 1962, in which she illustrates the need for American attitudes towards the environment needing to change, through understanding â€Å"plain folks†, an accusing tone, and descriptive imagery. Rachel Carson provides examples of understandable â€Å"plain folks† to express her argument to the reader. It was said that, â€Å"†¦In California orchards sprayed this same parathion, workers handling foliage that had been treated a month earlier collapsed and went into shock, and escaped death only through skilled medical attention.† She then goes on to ask, â€Å"Does Indiana still raise any boys who roam through woods or fields and might even explore the margins of a river?†¦Ã¢â‚¬  These specific examples illustrate how much Americans do not see that they are causing pain to each other, and in severe cases causing death. Rachel Carson, in illustrating her point that American attitudes toward the environment need to change, points the finger at American farmers who are using parathion and other poisons, which are the cause of death to humans and birds which bringing harm to the environment. What Rachel Carson is trying to get Americans, especially American farmers, to see is that in order to stop all the killing and harm to the environment, and to each other, they need to stop the use of parathion and other poisons. Rachel Carson uses an accusing tone to express her feelings towards her argument that Americans do not worry about the environment enough. Throughout the selection, Carson shifts from what is happening to the black birds, to what is happening to the humans. Both the humans and the birds are dying due to the farmers using parathion. In the text, she says that â€Å"The Fish and Wildlife Service has found it necessary to express serious concern over this trend, pointing out that â€Å"parathion treated areas constitute a potential hazard to humans, domestic animals, and wildlife.’† Following this quote, Rachel Carson goes on to accuse farmers of the casualty list of â€Å"some 65,000 red-winged black birds and starlings.† Carson explains that, â€Å"†¦The problem could have been solved easily by a slight change in agricultural practice.† Through this quote, Carson is accusing the American, especially American farmers, of not trying to use practices other than poisons, such as parathion, to keep the birds and animals out of the crops. Rachel Carson uses descriptive imagery to express her continuing strong feelings towards Americans lack of attitude toward the environment and it needing to change. In the text, Carson mentions â€Å"Who made the decision that sets in motion these chains of poisonings, this ever-widening wave of death that spreads out, like ripples when a pebble is dropped into a still pond?†. While this is both a simile and a rhetorical question, the way the author states â€Å"†¦like ripples when a pebble is dropped into a still pond?† makes the reader be able to imagine dropping a pebble into water when they were younger and reminds them of what that looked like. Carson also describes, â€Å"Who has placed in one pan of the scales the leaves that might have been eaten by the beetles and in the other the pitiful heaps of many-hued feathers, the lifeless remains of the birds that fell before the unselective bludgeon of insecticidal poisons?† While the reader might think to themselves; why is she comparing leaves that have been eaten by beetles and dead birds? One can actually imagine placing these two things in two different piles. Rachel Carson uses different rhetorical devices throughout her novel Silent Spring. She uses the rhetorical devices to prove her point that American attitudes toward the environment needs to change. She strongly believes that the attitudes need to change, and she found many ways to prove her point and make the reader agree with her.

Ethics Essay Primark Essay

This essay shall look at the cost to human life and lifestyle through the demand of low cost clothing in the UK. This will be undertaken specifically looking at Primark and the Rana Plaza factory collapse in Bangladesh, observed as modern day slavery, having a â€Å"race to the bottom† characteristics, occurring as a consequence of globalisation. This essay will analyse differing ethical approaches including Virtue, Kantian and Utilitarian ethics. An overview of the findings will be given, using the Rana Plaza Factory in Bangladesh as a case study, along with an analysis of Primark’s supply chain. Bangaldesh has for many years has been used for outsourcing, attractive to western clothing companies supply chains due to low costs. Bangladeshi’s economy is almost entirely reliant upon these export sales (80%) in the cloth trade (Jacob, 2012). Given this, it is clear that the Rana Plaza disaster (2013) killing more than 1000 workers did not have only a local effect, but a global one, with it raising many questions. It has been attested that those who died, did so as a consequence of poor operations management. The disaster further served to highlight that conditions of many factories were poor and often illegal. Large fashion brands including Primark, were seemingly happy to ignore such factors, to continue to gain profit, observed by the lack of procedures in place to ensure that standards of health and safety were met. This alongside the knowledge that child labour was often used, has led to many questions regarding irresponsibility of western companies. Despite the cost of life in one of the major disasters (the Rana Plaza collapse) of the fashion industry, Primark has made huge profits (44 % higher than in 2012) highlighting that cost rather than ethics is at the forefront of the stakeholders. The race to the bottom characteristics1 of Bangladesh have facilitated giant western companies, cheaper labour and goods. Furthermore the lack of enforcement of the limited laws and regulations, along with the Bangladesh’s class system, to some extent has allowed large companies to exploit these loopholes, given that Bangladesh’s economy is dependent on the textile industry, worth one billion dollars in 1985 and now estimated to be worth over 20 billion dollars (Young, 2013). What has been debated is whether or companies such as Primark are ensuring, and not just assuming, that all in their supply change are acting ethically. The focus of this  study will be on Primark. Fast Fashion â€Å"That bastion of fast fashion, scorned and idolised by the British public – indeed, all of Europe† (Joy, et al., 2012). Fast fashion may be described as inexpensive clothing which mimics catwalk fashion trends, lasting only the trend, thus part of the throwaway culture leading to unsustainability. This is supported by Joy et al. (2012) who express that fashion trends run their course, with today’s styles outdoing yesterdays, with yesterday’s having already been relegated as trash (Joy, et al., 2012), this is Primark’s main business model offering competitive advantage and success. For example, fast fashion results in consumers having at least 30% of unworn clothing (worth  £30 million) with approximately  £140 million of used clothing going to landfill annually (WRAP, 2014). Changing trends have shown that in the 1900s, 15 % was spent on clothing in comparison to 2.8 % (2010), although a greater number of items were purchased with the onset of time, indicating that the majority of purchases were low-cost items. Packard (REF) refers to â€Å"consumerism† in negative way, highlighting the role of advertising in the creation of â€Å"consumption for consumption’s sake â€Å", which leads to mindless consumerism, whereby individuals are â€Å"more wasteful, imprudent, and carefree† in their habits. As a consequence natural resources are utilised unnecessarily at an alarming rate. Therefore indicating that all stakeholders of Primark, including consumers are participants of â€Å"mindless consumerism†. Stakeholder theory Initially, Milton Friedman’s stakeholder theory will be utilised, Friedman is known for his famous quote of â€Å"business of business is business†. He claims that there is one, and only one social responsibility of business, to use it resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game, therefore â€Å"engages in open and free competition without deception or fraud.† REF he furthers this by expressing what does it mean to say that â€Å"business† has responsibilities?, only people have responsibilities. As articulated by Friedman (1970), a corporation is an artificial person and in this sense may have artificial  responsibilities, but â€Å"business† as a whole cannot be said to have responsibilities, even in this vague sense’ .Milton. Ref â€Å"The Social Responsibility of Business Is to Increase Its Profits.† New York Times Magazine, 13 September 1970. Identifying that Milton Friedman thinks that businesses should only look at the shareholders in the organisation, their priorities and needs. For instance, as with Primark low prices, to maximise profits for shareholders. Freeman Alternatively, Freeman contradicts Friedman’s theory through the stakeholder theory (Freeman, 1984). Freeman states that business will only maximize profit over the long-term, if it takes into account its social responsibilities Businesses that are seen to ignore the interests of the wider community and to fail to protect society’s welfare will pay in terms of damage to image and reputation. Although it is evident that Freeman’s theory did not hold, as despite the Rana Plaza disaster, and associated unethical practices, Primark has continued to be successful. As Freedman states Primark should not only look at their shareholders interest but should also proactively engage with stakeholders. Responsibilities of supply chains and due diligence Due diligence is the procedure by which companies monitor and review actions of a company, prior to signing a contract. Intrinsically this procedure is used to identify whether the â€Å"business partner† is working to a standard which complies with that required by the investor (Brown et al). Therefore identifying if a company is adhering to its own code of ethics, as they would have prior knowledge of the proposed outsourcer and their standards, allowing them to make an informed choice. This is undertaken by â€Å"best practice† of due diligence, in doing this Primark could obtain information that could be critically evaluated to ensure that their business partners in the supply chain are acting responsibly. Highlighting a lack of due diligence by Primark, in place at the time of the Rana Plaza disaster. Supply chain With the onset of globalisation, many difficulties as well as advantages have  arisen. One of the main difficulties associated with globalisation is the lack of visibility and transparency of the supply chain, which may lead to risk, as highlighted by the Chartered Institute of Purchasing and Supply (CIPS) who disclosed that within at least 11 % of UK business, it was highly probable that â€Å"modern slavery† exists within the supply chain. As emphasised by the Rana Plaza collapse, the problems of lack of visibility are inherent, due to extensive supply chains, with many of the associated problems as a consequence undisclosed to buyers. Researched by the CIPS states, ~72% of British supply chain professionals have no visibility of their supply chains beyond the second level with only 11% having complete visibility of the chain (Noble, 2014). It is not understood whether Primark was fully aware of the problems at the Rana Plaza factory, although they could still be considered at fault, due to ineffective checks and monitoring of subcontractors, highlighted by Panorama (date). Alternatively it could be assumed that Primark was indeed aware and was willing to take the risk, for profitability, at what cost? Irresponsible behaviour analysis Fast fashion underpins the entire fashion merchandising industry. Children and adults are used to produce such fashion items, primarily in underdeveloped countries including Bangladesh. These individuals work in very poor, and often dangerous conditions, earning very small amounts of money. In working, the young children are unable to access education. The workers have limited rights and are general thankful to be able to earn any amount of money whatsoever. Western society often views such circumstances as being exploitative and unethical. There are several theories of ethics which have differing viewpoints. These include a Utilitarian, Kantian and Virtue ethics. Utilitarian ethics relate to benefiting the majority of society, focussing not upon individuals but a collective whole. Many businesses utilise this approach as a basis to provide guidelines for ethical decision making for the greater good. The outcome is that the majority of stakeholders benefit. Utilitarianism looks to fi t well into a company’s business strategy, connecting ethical responsibility with business and society, in their focus of striving and justifying their approach as being for the greater good for the majority Gustafson, 2013).. Therefore  from a consequential (Utalitarian approach) perspective, whereby an act is deemed to be right or wrong, is judged using two principles. Initially determining the outcome, with the proviso that the greatest good for the greatest number of individuals is attained, limiting harm and maximising overall good (Hartman & DesJardins, 2011). Therefore from a consequentialist viewpoint Primark did not appropriately undertake a cost versus benefit analysis, by not accounting for their lenient attitude in respect of their suppliers. Knowledge of poor working and safety conditions were widely known prior to the collapse of the Rana Plaza (BBC News, 2013), indicating that Primark had no regard with respect to risk factors, that could be caused by the absence of due diligence. Therefore, Primark did not act ethically, from a consequentialist viewpoint, exploiting workers for financial gain and simultaneously failing to achieve â€Å"the greatest good† for the â€Å"greatest num bers†. However, if the example of workers at the Rana Plaza factory is considered, working on behalf of Primark, it may be seen that these stakeholders suffered at the hands of a Utilitarian approach. This is due to the main driver of Primark’s business being profitability, along with a demand for cheap clothing by UK consumers, therefore the greater good does not incorporate the workers in the factories, paid low wages to keep production costs down. Despite this, it may be argued that without work, those effectively excluded from Utilitarian ethics would be left in an even more difficult position, having no finances whatsoever. Since Capitalist societies in general dominate the fast fashion market, the actions of these corporations must be evaluated and the significance of their impact considered. Given that such corporations are driven primarily by profit, many may suggest that the lack of provision of education and improved living and working conditions, is indicative of the fact that company’s do not consider if their actions are moral or not. Instead they do what they want, without thought of the negative impacts, to drive their goal, in Primark’s case the provision of cheap fashionable clothing. This is a clear demonstration of a company taking a Utilitarian approach, marginalising the minority whilst providing for the majority. However, from a deontological viewpoint, whereby dutiful obligation plays the greatest role, in which regardless of consequence all individuals are expected to do â€Å"the right thing† , with these actions deemed to be ethical, only if they have the  possibility to become general law (Fisher et al., 2013). In order to be a part of society, there are accepted social norms and laws that individuals must follow (Stanwick & Stanwick, 2014). Primark (supposedly) partakes in the following of societal norms, clearly stated within their ethical guidelines (2011), where they explicitly state amongst other norms, that Primark will not tolerate either unsafe or unhygienic working environments? Despite the inclusion of these norms within their guidelines, their failure to adhere to them is clearly visible. Despite Primark’s duty to do the â€Å"right thing†, they did not, from a deontological ethics viewpoint. Had Primark acted ethically in a deontological way, consideration of workers well-being, happiness and other rights would have been considered. Likewise Kantian ethics (1785), have the expectation that individuals are able to distinguish right from wrong, based on an individual’s beliefs and moral, not via legal laws. It is clear that no individual would consider working 19 hour shifts for very low wages an acceptable scenario, and allowing individuals to do so in the factories of Bangladesh, brings into question Primark’s ethical judgement, or lack of, based on Kantian ethics. However Kantian ethics is seen as opposing Utilitarianism, its core values emphasise treating employees as individuals, having equal value. Furthering this, Kantian ethics incorporates within its ethos that employees should not be treated ‘as a means to an end’ (Driver, 2006) and that each should have individual rights, whilst not being viewed only as a source of labour (Smith and Dubbink, 2011). The Kantian approach involves the decision-maker being detached from personal motives when making a judgement (Smith and Dubbink, 2011). In this approach, no external factors are considered. However, due to the personal emphasis on profit in the current climate, companies are unable to detach themselves from the personal motive of profit and cannot adhere to Kantian ethics (Driver, 2006). Virtue ethics focus on personal characteristics and whether or not they acted in a virtuous manner when making a decision (Driver, 2006). â€Å"Justice and generosity† are often agreed to be such traits that are employed to pursue good practice (Audi, 2012). Paralleling this to a company, a company would be deemed virtuous, and therefore acting ethically, if their intention was  to achieve a caring environment and general positivity of employees, rather than maximising profits alone. Once again, Primark based on virtue ethics is not observed, acted with no regard to safety or well-being. Recent initiatives to improve due diligence in the supply chain have been undertaken as a consequence of the Rana Plaza disaster, however consequential actions do not follow the rules of virtue ethics, actions must be commonly practiced. Evaluation of ethical theories and Primark Adam Smith states that â€Å"It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own interest†. (1776, Wealth of Nations PAGE NUMBER). He attests that in engaging in self-interest that individuals also bring about greater good for the society as a whole. Smith furthers this in expressing that should an invisible hand be guiding the economy, then competitive producers would produce goods required at the lowest cost, leading to a self-regulatory economy, a free market. There are limited regulations with regards to Health and Safety in particular, in Bangladesh in comparison to the UK. Had Health and Safety been at the level of UK standards, with workers not having been used as a means to an end, as described by Kant, it is unlikely that the Rana Plaza tragedy would have occurred. However, in respect of a Utilitarian approach and cost-base analysis, without cheap labour, working in poor conditions, the outcome would not have been as required and consumers would not obtain cheap fast fashion goods, nor would shareholders resultantly be rewarded as expected. In this respect as the greater good is generally attained, individuals in Bangaldesh have employment, shareholders have profits and consumers have the latest cheap fast fashion. Therefore it may be criticised that no moral/ethical behaviour is taken into consideration within Smith’s theory (Mill, n.d.). Based on Kant’s theory it may be argued that the above scenario is in fact unethical, as the workers’ rights are not taken into consideration and that they are viewed only as a means to an end (Bowie, 2002), prioritising productivity and therefore profits, whilst viewing the employee only as a form of labour. When comparing a Kantian viewpoint to that of an Utalitarian perspective, then the Kantian standpoint does not consider a situation to be unethical even if it is for the greater  good, as in the case of an Utalitarian approach. Furthermore any gains made by a company that are achieved through any activity which does not take an employee’s rights into consideration is regarded as unethical (Bowie, 2002). However, for some consumers ethical responsibility of a company may influence whether they purchase a product, which may af fect profitability and could also affect brand and brand image. Damage to a brand is often irreversible. However, in the case of Primark after the factory collapse, due to unsafe and unethical practices; for example workers were locked in, unable to escape, luckily this potentially disastrous impact on brand image, had in reality little impact. Initially there was uproar and disgust expressed by western society, although this negative and damaging event slowly faded from the press and media, and rapidly from the minds of the consumer. Therefore highlighting that western consumers, although horrified and shocked about the conditions, seem not to care and have no moral stance and may be described as egoethical. Egoethical characteristics include self-interest without consideration of the consequences of the demand for cheap goods. Given the recent increase in interest regarding business ethics, it may be deemed that having an â€Å"ethical† business can lead to competitive advantage, attracting business from â€Å"ethical† consumers. Although in reality this may be a tool, used solely for the purpose of increasing profits rather than benefiting employees (Schwartz, 2011). The power of business in today’s society along with the time individuals spend in employment, necessitates the need for an ethical environment ( Mishra & Crampton, 1998) . Primark’s response and actions to improve ethics Balch (2013) expresses that companies are ethically responsible to deal with problems when and wherever they are highlighted. Ruggies (2010) framework in respect of human rights and business advocates that if a ‘problem’ arises within the supply chain, the inclusion of this part of the supply chain must be considered in respect of a company’s Corporate Social Responsibility (CSR) to define whether inclusion is crucial. Should it be considered crucial, the company must seek to safeguard that ethical practices are improved, if not critical, an alternative should be sought. Primark based on a consequentialist perspective as mentioned earlier, plays a large role in  Bangladesh’s economy, by the employment of many workers as part of its supply chain, with this it may be argued that Primark is supporting a reduction in poverty rates. Additionally as described by Primark’s Ethical Trading (2013), 85% of its Bangladeshi workforce are female, offering oppor tunity and developing their independence. Consequently it may be argued that if Primark removed its outsourcing from Bangladesh elsewhere, this would be extremely detrimental, and would add to the high numbers already living below the national poverty line , 49.8 % in 2002 (ILO, 2009), highlighting that despite many ethical reservations Primark impacts the country and the people of Bangladesh in a positive way. From a deontological perspective, almost immediately after then Rana Plaza disaster Primark was seen to be improving, observed by Primark’s assessment of structural integrity of the factories and also via their joining the Accord on Fire and Building Safety (Bangladesh Accord, 2013). Furthermore Primark later terminated contracts with factories that were investigated and were considered at risk of collapse. Primark attests that there is due diligence throughout its supply chain which is undertaken irrespective of consequence. From a virtuous perspective Primark immediately acknowledged its responsibility and responded instantaneously to the catastrophe of the Rana Plaza collapse (providing financial and food aid to victims and their relatives), in comparison to other major fashion chains also using the factory (Primark, 2013). Primark’s actions were virtuous, in that not only did they support â€Å"their† workers (and relatives), they supported those employed by other fashion chains within the Rana Plaza factory. Additionally it may be seen tthat Primark is working towards provision of improved well-being and education via projects such as their Health Enables Returns (HERproject) for female employees (Primark, 2011), enabling employees to have a better standard of living. Furthermore Primark is working towards suppliers increasing wages to give employees a â€Å"living wage† and to improve working conditions (Siegle, 2013). Conclusion Having evaluated and analysed Primark’s responsibilities and ethical considerations regarding their contribution to the Rana Plaza disaster, primarily based on a lack of due diligence in the supply chain, using a wide  variety of ethical theories, that presented a variety of perspectives. These have highlighted that Primark’s ethical standards were deficient and questionable, however subsequently Primark has identified its poor practice and is working towards sustainability, via a variety of ethical considerations, improving overall standards for its employees in the supply chain, demonstrating positive CSR. Although to what extent Primark may achieve and sustain these goals in the future, whilst still focussing on profitability may be uncertain.

Pyramids Research Paper Example | Topics and Well Written Essays - 750 words

Pyramids - Research Paper Example In contrast the physical appearance of the Mesoamerican pyramids does not satisfy the geometrical attributes of a true pyramid. Moreover, the Mesoamerican pyramids happen to be truncated at the top (Jennings 56). The Egyptian pyramids do happen to have plain exteriors, while in many of the Mesoamerican pyramids, the exteriors are embellished with the sculptures and figurines representing the deities from Mesoamerican pantheon. As per the opinion of most of the archeologists, the time of construction of the Egyptian pyramids is placed between the period 2700 BC and 2100 BC (Tignor 38). The Egyptologists hold that the Pyramid of Cheops was constructed around 2450 BC (Tignor 38). The Mesoamerican pyramids in contrast belong to a more recent time period, believed to have been contrived between 100 BC and 300 AD (Jennings 44). Thereby the Egyptian and the Mesoamerican pyramids are separated by a time gap of nearly 2000 years. The other big difference between the pyramids attributed to these two civilizations lies in their manner of construction. The Egyptians mostly used the cut stone quarried from the sources around the Nile valley, sometimes happening to be hundreds of miles distant from the actual construction site to construct and decorate their pyramids (Stocks 63). The architectural technique resorted to by the Egyptians that relied only on the cut and finished stones enabled them to build pyramids that were highly stable and sturdy and could stay intact for centuries. The Egyptian pyramids were primarily constructed as an eternal abode for the body of the dead pharaohs who were considered to be gods (Tignor 75). The high rising Egyptian pyramids symbolized the accent of the pharaohs to the afterlife. The inner chambers of the Egyptian pyramids held the possessions and the things that were dear to the dead pharaoh or were considered to be necessary

Stewart v Secretary of State for Scotland 1998 Appellant's Argument Essay

Stewart v Secretary of State for Scotland 1998 Appellant's Argument - Essay Example Appellant contends that the narrower interpretation of the word â€Å"inability† is â€Å"supported by earlier legislation inasmuch as it produced a comprehensive code for sheriffs principal who demitted or was removed from office because of physical or mental infirmity†. He further asserts that if the wider interpretation is to accrue â€Å"an anomalous result would be reached†. He clarified that the word â€Å"inability† is not intended to mean â€Å"unfit for duty due to behavioral infirmity† as used in his case but to describe the natural consequence of not being able to perform a sheriff’s duty due to health reasons or disability. Appellant likewise assert that the Lord President and the Lord Justice Clerk erred and committed procedural lapses in their investigation. He asserts that he was not properly informed of the actual charges against him and that the charge was â€Å"inability† rather â€Å"than misbehavior† or †Å"defect in character†. He further contends that he was not given the opportunity to face and respond to the allegation of the Lord President and the Lord Justice Clerk’s sources. ... Sheriff Courts (Scotland) Act 1838 repealed this provision in particular by letting the sheriffs continue even after the death of the appointing officer. Under the then new law, the Sheriff has been made eligible to receive an annuity provided that they completed a minimum of ten years. In the same length, the same law also provided for instances where the sheriff was removed from office due to old age or permanent infirmity that disabled them to exercise the demands of their office. In Section 5 of the Sheriff Courts (Scotland) Act 1877 the word â€Å"inability† was first mentioned. The provision of this law provided â€Å"that no sheriff should be removed except by a Secretary of State for inability or misbehavior upon a report of the Senior Judges†. Consequently, â€Å"Inability or Misbehaviour† was used in section 18 of the Small Debts Act 1846 in relation to the removal by Lord Chancellor of a county court judge. Section 38 of the Sheriff Courts (Scotland) A ct 1853 empowered the Treasury to grant an annuity to a sheriff principal in circumstances where annuity could have been paid to a sheriff under the Act of 1838. Then in section 1 of the Sheriffs Tenure of Office (Scotland), Act 1898 empowered the Secretary of State on a report by the senior judges to remove sheriff principal who was by reason of ‘inability or misbehavior unfit for his office’.

A choice of a certain strategy in business Essay

A choice of a certain strategy in business - Essay Example Management strategy Abstract A choice of a certain strategy in business is the determinant factor of a future success. Under conditions of turbulent environment there is a need for businesses to react properly to various changes in the global context of the world. On the example of case-studies of different companies and the challenges they face with, this paper underlines the necessity to develop a more flexible and multi-sided strategic decision making. The main concepts for further research were borrowed from theoretical developments of Mintzberg (1998), Johnson et al (2008), Child (2005) and others. The specific question of the research study is : â€Å"†¦.. adopting a simple profit-maximising perspective ..... can have positive impacts for a firm .....†. This claim is considered in terms of emergent and prescriptive approaches. Such companies, as Microsoft, Nokia and PowerCo emergent approaches are correlated with strategic decisions to increase their profits. The st rategic developments within the modern companies are dynamic and flexible. This trend can be explained by the necessity for the companies to be more responsive in the global business world. Further on, we should underline the importance of financial and organizational issues of every firm and the company for a proper development of their future management strategies. Introduction Under conditions of the modern globalization there are evident trends of convergence and unification. Strategic decision making should be based on mutual understanding between the managers and employees and all parties involved should be ready to react to the immediate changes in the world. Current ‘management techniques’ are challenging and they should be considered in detail by the managers and the employees within every company and a firm with respect to the specific features of the inner structures of their organizations. The strategic management is a helpful tool for â€Å"choosing the ri ght place for defining a unique position, making clear trade-offs, a tighter fit; it involves a comprehensive approach to managing all important aspects of the company's internal environment and it therefore significantly differs from other management techniques† (Child, 2005). Business planning and development strategies if developed under conditions of a dynamic environment should be focused on management strategies, which are responsive for structural, processing, systematic and cultural environmental changes. This discipline implies activities planning which are relevant to the orientation and functioning of the corporation. Profit-maximization perspective in the emergent approach of strategic management is a crucial technique for the modern managers and it should be noted that the contrasting strategy is the perfect example of discussion about profit-maximization policies. The field of contrasting strategy is a perfect field for focusing on owner-managed firms and profess ionally managed firms in their relation to profit maximizing perspective. The objects and behaviors of different firms may differ, but at the same time it is necessary to mention that profit maximization is â€Å"an oversimplified models of competitive interaction† (Volberda and Elfring, 2001). There is a close relationship between economics and strategy. In accordance with Mintzber (1992) â€Å"as never before, [strategic management] academics have adopted the language and logic of economics.† In the context of neoclassical economics a profit is the maximizing entity, which enables inputs transformation into outputs. Still, there are many opponents of profit-maximization perspective, because the modern companies are more concentrated

Types of Democracies Assignment Example | Topics and Well Written Essays - 500 words

Types of Democracies - Assignment Example Bentham and Mill argued that a protective democracy must have the ability to participate in free and fair elections, right to free press, universal male suffrage, secret ballot and frequent elections make up the bulk of protective democracy. In such a democracy the government ought to ensure that there is disparity in the sharing of resources unlike any other system of governance where political leaders only serve their personal interests. The utilitarian theory therefore teaches the need for government to protect both the people and the capitalist markets. Excesses of protective democracies could hurt the capitalist markets since most people will assume security from the government making them poor and property less due to liberal anxiety. Another shortcoming of a protective democracy is that the government assumes that inequality will still exist therefore they are less concerned about potential threats that could be created by such an inequality. Protective democracies assume a ne gative view of the people. Developmental democracies have the advantage of assuming a positive view of the people. Unlike the protective democracy, this model encourages people to be assertive developers who can create their own wealth despite the government mediation during harsh economic times. Political and social analysts are opposed to this model stating that there can never be such a government where its citizens are equal and uninformed about political happenings in their countries. This cannot be true at any time and if it was a reality then it will be a hindrance to democratic politics. Pluralist democracy is a democracy that attempts to correct the inefficiencies of a developmental democracy. This model gives people the power to be free and participate in the political activities of their countries. It encourages competitive elections where even the less active people in the society can have a right to vote. The main disadvantage of a pluralist democracy is that not all

Why I Stopped Being a Vegetarian-Analysis Essay

Why I Stopped Being a Vegetarian-Analysis - Essay Example The first group is American meat lovers while the second group is the average Americans, especially individuals who are vegetarians or those considering to join the band wagon. This discourse will discuss the effectiveness of Fraser’s reasons for stopping being a vegetarian. Many people have been pondering with the dilemma as to whether to be a vegetarian or not presently. This follows the health risks associated with eating red meats. Pozzi argues that most killer diseases that people suffer from today, such as cancer; obesity and diabetes are as a result of unhealthy eating habit of the present generation (par. 3). As such, many people are considering leaving stopping eating red meat such as hamburger, for vegetables. Even though this is the reality in the present world, Fraser thinks otherwise. In her case, she feels that it is right for her to stop being a vegetarian. As earlier stated, Fraser gives several reasons why she opted to stop eating vegetables. Based on her cali ber and reputation, her arguments for making such a decision can be trusted. Logos Fraser begins by stating that she has had 15 years of experience as a vegetarian. As such, all her claims are based on solid experience. In her captivating essay, Fraser tell us that being vegetarian brought embarrassments in her life since it made her overburden her cooks with having to make her special meals all the time (Fraser 1). The fact that her cooks had to prepare for her a special meal different from that prepared for the rest of the family made her feel that she was overworking cooks. In addition, being a vegetarian made her feel that she was avoiding her friends since she could not socialize well with her friends, which was awkward in her view. Fraser states, â€Å"As a vegetarian, not only...Many people have been pondering with the dilemma as to whether to be a vegetarian or not presently. This follows the health risks associated with eating red meats. Laura Fraser’s article â€Å"Why I Stopped Being a Vegetarian,† is a captivating assay in which she describes her 15 years of personal experience as a vegetarian . Many people have been pondering with the dilemma as to whether to be a vegetarian or not presently. This follows the health risks associated with eating red meats. Pozzi argues that most killer diseases that people suffer from today, such as cancer; obesity and diabetes are as a result of unhealthy eating habit of the present generation. As such, many people are considering leaving stopping eating red meat such as hamburger, for vegetables. Even though this is the reality in the present world, Fraser thinks otherwise. In her case, she feels that it is right for her to stop being a vegetarian. As earlier stated, Fraser gives several reasons why she opted to stop eating vegetables. Based on her caliber and reputation, her arguments for making such a decision can be trusted. Health experts advise people to find time to socialize with others since it is good for health. Fraser tells us that she did not become a vegetarian out of choice but because of pressure from the society. In conclusion, since Fraser talks out of experience of being a vegetarian for 15 years, vegetarians and those who intend to become vegetarians, as well as meat lovers should take her advises and reasons for stopping being a vegetarian seriously for the future health of American society.

Insights Essay Example | Topics and Well Written Essays - 500 words

Insights - Essay Example This part is not well addressed. A centralized service in this respect might lead to risk of data leakage as the centralized body needs to be completely trusted. This unit shall be serving different rival firms simultaneously. Some firms might prefer to protect their privacy instead. 2. Carr compares the development of IT services to electricity, both being multi-purpose in nature. However, the two cannot be explained in similar manner. In fact, Tapscott’s article explains a part of it as he says, â€Å"nothing is more diverse as a byte of data† (Tapscott, 2) and that the desired part is getting the right information at the appropriate time. The author moves on to justify IT’s centralization by explaining how electricity or power initially began scattered but later became centralized. However its nature of application is different despite being general-purpose. IT obviously has a wide range of applications depending on the discretion of the firm or business and t he variety depends a lot on the service and not the product (unlike electricity). 3. Tapscott rightly argues that IT cannot be commoditized but he states side by side that it can enhance the competitive advantage of a firm if right extent of business can be built around it. Hence IT is mainly a service oriented segment where the technology is constantly growing.

Strong Interest Inventory Reflection Paper Essay

Strong Interest Inventory Reflection Paper - Essay Example hich closely reflect my personal preferences; I often seek to be efficient in my undertakings, to ensure that my results are not only accurate, but also consistent throughout. The realistic theme underscores my inclination towards routines, practicality and commonsense; I would prefer working with machines in real life situations. The enterprising theme underlines my innovative potential; I like taking risks, competing as well as influencing people. I agree with my personal style scales preferences because they accurately reflect the different ways through which I am likely to approach people, to learn, and to lead others; moreover, these scales depict exactly my interest in risk-taking and team activities. I have often been successful working both alone and in group settings and I learn best through practical situations, where I can take charge of my work, leading and participating in team activities. I honestly feel some of my personal style preferences are more important to me than others because they have a more powerful impact on my overall personality than the others. For instance, my personal style scales preferences indicate that I prefer learning by doing, and through lectures and books, which is true; however, I personally feel that learning by doing is more important to me because it often leads to great mastery in the end. Upon self-reflection into my own life right now, I would say my personal style preferences are clearly reflected in the manner in which I work, interact and even make decisions regarding virtually everything in my life. I always perform well whether I am working independently or with my peers, and I approach practical life situations as my primary sources of learning; also, I like leading by examples, taking charge of group tasks, and taking risks. I have absolute confidence in the overall results off the strong because they accurately reflect my career interests; besides precisely reflecting my career interests, these strong

Enlightenment Essay Example | Topics and Well Written Essays - 1000 words

Enlightenment - Essay Example His opening sentence highlights ridiculous French laws, regarding diet and medicine, denying individuals the right to look after their body as they deemed fit. Once into the realms of science, philosophy and experimentation, his comments on Galileo, by how he phrases them, show his great admiration for the man and his work. His brilliant use of irony indicting the government in question, suggests it was legislating against the mind. New ideas and discoveries should be encouraged rather than punished. Jefferson ridicules that government in Galileo's case for its reaction against reason and innovative thinking. His tongue-in-cheek phrase: The quotation reflects their philosophies. Bacon took Galileo's work and formalized it, suggesting that challenging orthodoxy, observing nature, using reason, would lead to true knowledge - experimentation would verify it. Jefferson incorporates Bacon's philosophies and methods, now He rejects some of the Rationalism of Descartes; that excluding reference to the external world, suggesting knowledge is gained by reason alone. Jefferson, a man of science and practical action, accepted the ideas of critical questioning, but was less impressed with the concept of thought without investigation or experimentation. The inference here may be that this particular founding-father of the Enlightenment did not wholly fit with Jefferson's views. The quotation provides evidence of his admiration and commitment to the work and philosophy of Isaac Newton, containing reference to his theory of gravity, and how its power and truth was accepted through reason, not legislation. Newton is a seeker after the truth whose findings could not be overturned. Newton took Galileo's work and and astrological studies of his time, defined natural laws, and presented incontrovertible truths. Scientific research, experimentation, sharing the knowledge, were all aspects of the man whose thinking Jefferson admired. His remarks regarding Newton prove he is reflecting Enlightenment thinking and values. There is a connection between Jefferson's own religious beliefs and the upsurge of Natural Theology which resulted from Newton's work. The idea that Nature is proof of the Divine, a Master Designer, appealed to Jefferson, who espoused the aspect of Scientific Deism, which contends that Nature was the result of Divine Creation, then goes on to operate under universal laws. Jefferson sees in Newton what Enlightenment means in practice.

Pizza! the Best Party Food Essay Example for Free

Pizza! the Best Party Food Essay Ding! Dong! â€Å"The pizza’s here everybody†. What do you mostly always eat when there is a party? What do you expect to eat at a party? That’s right! It’s pizza. A party without pizza is like a store without anything to sell. Some reasons that it is the best party food is that everybody eats it and is easy to get. Another reason is that everyone loves it. So why not get pizza the next time you decide to throw a party. First of all, lactose intolerant people aside, who doesn’t love when the pizza guy arrives at the door with, boxes of that deliciousness. Also it is the easiest thing to get for a party is pizza. Its so hard to cook for anywhere from 50-100 people. That would take hours of work and make the house smell bad. Why not just spend 60 dollars and get about seven whole boxes of Pizza Hut, Domino’s, DiGiorno’s, or anything else. Its saves so much time and the trouble of cooking. Also who knows if they will honestly even like the food you cook. When getting pizza you know everybody will eat it because the hosts of parties know people love pizza. Do you want to be remembered as a good host or party thrower? Then go buy pizza. You will probably spend that much on whatever you are cooking any way. So take the easy way out, and also the smart way. Next, everyone enjoys pizza, name one person that just doesn’t enjoy pizza. The perfect blend of cheese, tomato, and bread gets everyone’s mouths watering. Everyone just can’t resist from taking a slice. On the other hand it also tastes very good with drinks such as sodas. You can have all the wings and breadsticks you want but no matter what it won’t be a party without pizza. If I ever met someone who doesn’t like pizza I would interrogate him with questions. Did you ever even try it? Are you crazy? What’s wrong with you? What planet have you come from? Good thing I have never met anyone like that. Pizza is also rated the peoples’ most favorite food worldwide. So at a party you know it’s pretty demanding. If people don’t get pizza then it will make the guests unhappy and unsatisfied in their stomach. Overall there is no way around it. Pizza is the king of the party. It is the stomach filler. It is the most essential ingredient to making a successful party.

Employee Engagement and Grievance Handling Essay Example for Free

Employee Engagement and Grievance Handling Essay Title of the Project Employee Engagement and Grievance Handling Process Statement about the Problem This topic has been chosen because in every organization, employee engagement activities are conducted as employee  productivity  is clearly connected with employee engagement. It is a  business management  concept. An engaged employee is one who is fully involved in, and enthusiastic about his work, and thus will act in a way that furthers their  organizations interests. Thus, engagement is distinctively different from employee satisfaction, motivation and organizational culture. An integral part of employee engagement is a strong grievance handling mechanism. Objectives and Scope of Study a. Analyze the Employee Engagement activities that are being done at ‘Indigo’and the outcomes of these activities. b. Understand the process mapping for employee engagement. c. Techniques used for engaging employees in our organization d. Grievance handling process e. Introduction and types of grievances. f. Discuss the grievance handling process at organizational, process, project ; individual level g. Methods used in grievance handling h. Understand how Employee Engagement activities and Grievance Handling processes go hand in hand. Methodology Research methodology talks about data collection of the project work. The data collection as such is divided into: I. Primary Data a. Questionnaire survey b. Face-to-face discussion with existing employees who are there in the organization for more than six months or so. c. Discussion with Human Resource specialists. II. Secondary Data 1) Journals 2) Company records and reports 3) Internet Searches 4) External websites 5) On line survey conducted by company.

Legislation to Safeguard Child Rights in the UK

Legislation to Safeguard Child Rights in the UK Steven Howells CYP Core 3:3 1.1 Because the well – being of all children and young adults is so important, organizations in the United Kingdom and around the world have created policies and legislation’s to ensure a structure of security. This structure ensures that everyone in an educational environment is safeguarded. Some of the main policies include: The Children’s Act 1989 – This policy was designed to make all the laws that relating to children and young adults less complicated. It also brings many organizations and authorities together to ensure that children receive the assistance they require. The Children’s Act 2004 – This Act is an update that was put into place after the death of Victoria Climbie. The information was reviewed by multiple services and yet they failed to work together which resulted in this child’s suffering, and eventually her death. Rules and regulations were put into place to allow services to share the information accordingly to ensure that anyone under the age of 19 years old who may be at risk could be helped and not overlooked. Children and Young Persons Act 2008 – This Act changes the structure of the care system. It pushes services to provide the best care as quickly as possible to children and young people. It also enables children and young adults to be capable of achieving the same as a child who is not in care. Sexual Offences Act 2003 – This policy covers a large scale of offences, but is designed to cover against, sexual offences or rape in the United Kingdom or in some circumstances abroad. Adoption and Children Act 2002 – This act was put into place to ensure that children were going to homes that hold the best intentions for them. It also gives a more reasonable approach to single people and unmarried couples who would like to adopt and provides more assessments to ensure the child is going to the best home for them, but to also ensure that a family is adopting a child best suited to their current environment (i.e. if a family already has children, they will not be put at risk by putting a child with history of severe mental illness in the same home). United Nations Convention on the Rights of the Child 1989 – â€Å"Protecting children from violence, exploitation and abuse is an integral component of protecting their rights to survival, growth and development† UNICEF, (2011) The Education Act 2002 – The policy was designed to create a structure for anyone in educational services to help with safeguarding. The helps protecting children and young people by ensuring a safe place to study. It also helps protect children and young people by identifying anyone who could be / already at risk in a school environment or at home. Domestic Violence, Crime and Victims Act 2004 – The act covers many areas of protecting victims of crimes. It also covers new rules and regulations to give bailiffs the power to use forcible entry to property if a child or vulnerable person is at risk of death. Vetting and barring scheme – After the conviction of Ian Huntley in 2003, further examination into Huntley’s past showed that he had been had been investigated and charged for other offences. But because of the structure of the original checks, he passed and was allowed to work in a school environment. Afterwards, the structure of the checking system was changed in order to ensure this would never happen again. The new checking system now covers every offence, investigation and charges to ensure that individuals with any form of criminal record and/ or any possibility of committing an offence can no longer work in an environment where there is a risk to children, young adults or adults who are vulnerable. 1.2 Child protection is only one piece of a larger concept of safeguarding. The health and safety of children and young people is paramount. It protects those who are young and vulnerable nearly every form of mistreatment like being neglected raped or abused mentally or physically. It helps to prevent those who could later suffer results of impairment of any form from the hands of mistreatment. Risk assessments to ensure a safe home and place of study are part of this. Making sure that schools are governed correctly and a structure of policies, rules and regulations are put in place and kept up to date. Ensuring any safeguard issues are dealt with properly, ensuring all staff are up to date with all aspects of training and also promoting the best development for all its students.The development of the children can include tests like the CAF to ensure that children receive any additional learning required, or other tests that ensure health and well – being of its students. 1.3 Every School and local authority has their own policies concerning child protection. All of them put the same ideals into action which are: â€Å" Be healthy Stay safe Enjoy and achieve Make a positive contribution Achieve economic well-being. â€Å" In order to make the community aware of child protection issues, campaigns and other similar methods are used. All communities have to be monitored to ensure that all targets and policies are met, also to ensure that all issues are being dealt with appropriately. It keeps a healthy communication with local services to ensure the best methods are used to benefit students. Also to report any signs of cruelty, neglect or abuse. This creates a better success rate of child development. If everybody knows what methods work best for a single / group of student(s), there I more chance for students to progress rather than regress in development. External health and safety management teams are put into place as another form of monitoring. This time they monitor the buildings and the possibilities of risks. Also health services visit to make children aware of what is healthy and unhealthy. To summarise, every student is protected by a large structure formed from all the acts that are implemented by the government. They all follow these acts to achieve this structure. When this structure is followed correctly there is less chance for a student to be at risk of many outcomes ( i.e. risk of harm, risk of being neglected or risk of failing to progress in development). 1.4 If a child is being neglected, abused or worst case scenario has died as a result of either, the child welfare officer should be notified in order in order to find out what happened to prevent this from happening again. They will access every aspect in order to achieve the most accurate of reports. When the report is finished, it will be reviewed and from this the government will decide what went wrong, why it went wrong, how they will improve their service in order to make it better. This in my opinion is the wrong approach to take because to me it seems like the government want to wait for it to happen and then study why it happened. I believe there is many forms of serious child abuse that are not considered as neglect or abuse due to the current status of the country. The government believe that just because a child lives in a home with a water supply, fridge – freezer and oven they have what they need. But this does not include food or clothing which should be included wh en raising a child. 1.5 All personnel must keep confidentiality in accordance of the Data Protection act 1998 (See TDA Section 4). This keeps all information private and helps to safeguard everyone who attends or work’s at the school. In order to keep full confidentiality, all staff are only permitted to discuss personal details, circumstances, or school work connected to their own child(ren). A parent will be able to discuss their children’s work and grades but will not have access to them. The only information that is shared is when a child has reached the age to attend secondary school. The secondary school will require information that is relevant in order to help the student maintain progression through this phase.

Free My Antonia Essays: Female Roles :: My Antonia Essays

Female Roles in My Antonia "THERE was a curious social situation in black hawk. All the young men felt the attraction of the fine, well-set-up country girls who had come to town to earn a living, and, in nearly every case, to help their fathers struggle out of debt, or to make it possible for the younger children of the family to go to school." (Page 127) This was the way of life for most girls around the 1920s. The book My Antonia by Willa Cather, Refreshingly creates female roles and strong personalities. Frances Harling, Molly Gardner, And Lena Lingard are excellent examples of such women. Frances Harling is one of the vast examples of what a strong woman can be. She is very responsible. She takes care of her father's business when he goes out of town, and on Sundays she would go to the office just to read the mail. Frances is very talented. She could play the piano with out a light and talk to her mother at the same time. Frances also was one of the most dependable people in town. If any one had a wedding she would bring a present. If there was a funeral she would be there to help console them. You could always count on her to be there. Molly Gardner had a strong personality. Molly would show her personality by the way she presented herself. Jim the narrator said "Mrs. Gardener was admittedly the best-dressed woman in Black Hawk, drove the best horse, and had a smart trap and a little wh ite-and-gold sleigh."(Page 117) Molly liked to have the best meterial goods in the town, and she liked to show them off. Mollys personality was the reason that her husband’s and her business did so well. Jim also said "†¦he knew that without her he would hardly be more that a clerk in some other man’s hotel."(Page 122) Molly would also go on all the business trips because she was the smarter one between her and her husband. Lena Lingard was not one of the most respected people in town, but she wanted to improve herself. She wanted to get away from the farm she thought the work on the farm was endless. Lena had left the farm at a young age to become a seamstress and study under Mrs. Tomas, a well known dress-maker in town.

Learning from Mother Teresa Essay -- Graduate College Admissions Essay

Learning from Mother Teresa       Mother Teresa is the most important peace hero of the 20th Century. Many have focused on bringing peace by political means, both violent and non-violent. Though these means may bring temporary relief, they treat only the symptoms of violence. Mother Teresa addressed the root of all violence which is in the human heart. She believed in an active peacemaking and taught that "works of love are works of peace." (Collopy 14) Her power came from three things: a radical understanding of peace, unwavering devotion to victims of all types of violence, and the beautiful example of her life.    Mother Teresa was born Agnes Gonxha Bojaxhiu in Skopje, Albania, in 1910 (Vardey xx). In 1928 she joined the Loretto order to work as a teacher in India. Her true calling came in 1946 when, according to Mother Teresa, "I was traveling to Darjeeling by train, when I heard the voice of God... The message was clear. I must leave the convent to help the poor by living among them" (Sebba 46). Mother Teresa left the confines of the Loretto order to begin her own ministry. In 1950 she received papal permission to found a new religious order, the Missionaries of Charity (Associated Press, Highlights). Through the Missionaries of Charity, Mother Teresa brought true peace and hope to millions.    Love is the most fundamental peace. Peace that comes from love is not simply the absence of conflict, it is active, living, and engages our truest selves. It is this positive peace that was Mother Teresa's radical vision. For Mother Teresa, peace was so much more than political stability. Nations do not suffer, individuals do. Nations cannot be at peace unless individuals are at peace. Mother Theresa said, "The whole... ...h all you meet. Remember, Works of love are works of peace." (Collopy 14). By valuing every human being, by finding Jesus even in the poorest of the poor, Mother Teresa was a hero because she gave peacemaking love to all she met, and taught others to do likewise by her example.    Works Cited    Associated Press. Mother Teresa in Her Own Words. 1997 http://www.cnn.com/WORLD/9709/mother.teresa/quotes/index.html Highlights of Mother Teresa's Life. 1997 http://www.cnn.com/WORLD/9709/mother.teresa/chronology/index.html CNN. "Saint of the Gutters". 1997 http://www.cnn.com/WORLD/9709/mother.teresa/impact/index.html Collopy, Michael. Works of Love are Works of Peace. San Francisco: Ignatius, 1996. Sebba, Anne. Mother Teresa. New York: Doubleday, 1997. Vardey, Lucinda. Mother Teresa-A Simple Path. New York: Ballantine Books, 1995.

The Phonological Model of Dyslexia Essay examples -- Biology Essays Re

The Phonological Model of Dyslexia Doctor Morgan of Sussex, England, published the first case of what is now known as dyslexia in 1896. Dr. Morgan wrote about Percy F, a 14-year-old boy who was intelligent, bright, quick with learning games, and the intellectual equal of his peers. He fell behind, however, in his inability to learn how to read. Today, as in 1896, most people associate intelligence with the ability to read, but Percy F and the experience of millions of people with dyslexia breaks down the relationship between reading and intelligence (1). But, researchers were left with the question, "What causes dyslexia if intelligence is not the marker? The exact cause of dyslexia is unknown. However, researchers believe dyslexia is a reading disability with underlying genetic, developmental and neurological causes (8). People with dyslexia have trouble reading despite normal or high intelligence and exposure to sufficient language instruction. Specific reading problems apparent in dyslexia include reversal of words and letters, difficulty in pronouncing new words, difficulty in making a distinction between similarities and differences in words (on for no), and difficulty in discerning differences in letter sounds (ten, tin) (2). In order to understand the specific reading problems associated with dyslexia, it is important to know how the brain conceptualizes language. The brain recognizes language in a hierarchical order. The upper levels of the hierarchy deal with semantics (the meaning of words), syntax (grammatical structure), and discourse (connected sentences). The lowest levels of the hierarchy deal with breaking words into separate small units of sound called phonemes. Thus, before words can be comprehended ... ...and Biological Unity by Paulesu et al. , on the Science Magazine Online web site http://www.sciencemag.org/cgi/content/full/291/5511/2165 7) Dyslexia: Same Brains, Different Languages by Laura Helmuth , on the Science Magazine Online web site http://www.sciencemag.org/cgi/content/full/291/5511/2064?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&titleabstract=Dyslexia&searched=QID_NOT_SET&stored_search=&FIRSTINDEX=&fdate=10/1/ 8) Fact Sheet: Dyslexia , on the Learning Disabilities Association web site http://www.ldanatl.org/factsheets/Dyslexia.shtml 9) Beginning Reading And Phonological Awareness For Students With Learning Disabilities by Michael M. Behrmann , on the Kid Source web site http://www.kidsource.com/kidsource/content2/disability.phonological.html 10) Brief Introduction to FMRI , on the FMRIB web site http://www.fmrib.ox.ac.uk/fmri_intro/

Dramatic tension Essay

This then, is clearly contrasted with the language used when describing a life spent as Willy’s has been, selling and buying. Biff speaks off such a life using words such as ‘suffer’ and ‘measly’ and again, the stage directions are clear in indicating his tone ‘with rising agitation. ‘ A dramatic tension is created then, between the different lifestyles, as Biff and Happy are portrayed as struggling with the inner conflict of conforming to their father’s ideals, or obeying their natural desires. The setting is also crucial in conveying dramatic tension. The use of scenery illuminates the attitude of Willy, and the audience is engaged in a sensory experience with the actor. Furthermore, the setting reflects the events taking place and can set the mood and atmosphere that are so important in creating dramatic tension. The house then, is a place of an increasingly dramatic tension. The house is an important part of the setting as it represents Willy’s flawed ambition. Details such as the single ‘silver athletic trophy’ being one of the only furnishings represents the importance of success but also the lack of it due to the bard setting of the home. The kitchen then, shows only ‘three chairs’ at the table. This may represent the absence of Biff as part of their lives. Dramatic tension is woven throughout, hinting at difficulties surrounding the return of ‘the prodigal son’ and the lack of selling success that is soon revealed to be haunting Willy. He built the house as a part of his success however; it has become overshadowed by apartment blocks. The street outside is packed with cars showing that success is now being achieved by many and in comparison; Willy’s small house is now insignificant, as is his dwindling success. Many of the events take place in the house, and most prominently, the family arguments. It is in the house that Biff comes to terms with flunking maths, that Biff and Willy argue about success, that Linda yells at her sons, and finally, Biff produces the rubber piping and confronts his father. These arguments create dramatic tension as what should have been the perfect family set-up and home becomes fractured, and so is Willy’s dream, to the point of suicide. The Garden or Backyard is also an important part of the setting. Willy attempts to plant seeds remarking ‘I’ve got to get some seeds, right away. Nothings planted, I don’t have a thing in the ground. ‘ The garden is a motif then, of Willy’s need and desire for success. It also represents the legacy that that Willy never leaves with his family. Though Willy attempts to plant his garden near the end of the play, this is too little too late. His life then, had already been a failure and he has left nothing remarkable by which to be remembered. This is a very high point of dramatic tension as the audience is very aware that Willy seems to sense the end of his life is incredibly close. Linked to the production of the rubber pipe only moments later, an overhanging reminder of Willy’s contemplation of suicide creates incredible tension. Dramatic tension is also created through the use of stage and sound effects as well as lighting. Miller uses all three methods as mood and atmosphere creators to enhance and create dramatic tension. Miller is very specific when describing the effects to depict the Loman house. Staging effects include transparent walls in order to make to whole house accessible to the audience. Furthermore, it creates a sense of vulnerability and rawness enhanced by the towering blocks surrounding the house. This vulnerability then, creates a sense defence from attack that enhances dramatic tension. Miller describes the Tower blocks as ‘tall angular shapes’ that reflect Willy’s feeling of inferiority and also claustrophobia and then create a threatening presence. Lighting is crucial in creating atmosphere and dramatic tension. The beginning scene is the most prominent example of this. At first Miller uses the ‘blue light of the sky’ to recreate a depressed and sorrowful mood. The dramatic tension arises when this becomes and ‘an angry glow of orange. ‘ This change suddenly shows a threatening and angry, harsh and dangerous mood. Tension is obvious as the two moods seem far apart but are obviously both linked to the events that will unfold in the Loman house. Sound effects are also important at this point and then throughout the novel. At this stage, the music of a lilting flute is described as fragile and small and fine. It can be seen to represent the better times of the family in which Willy was more successful. It also becomes associated with Willy’s self-delusion of success and his dream of fortune. This music is played then at varying points throughout the play, symboling to the audience a flashback or a sad remainder of a once optimistic dream. The dramatic tension is created as music appears before the events, leaving the audience with a sense of suspense. Other characters ‘theme music’ are that of Bens, and that of the boys, described as ‘gay and happy. ‘ Miller uses these ahead of the character appearance to show that they are about to become involved in the plot, creating dramatic tension as the audience wonders how this will effect the unfolding events. Miller uses more than just music to create dramatic tension. Sound effects such as the screech of Willy’s tyres as he commits suicide create vivid, realistic and highly tense moments. Miller also uses voices to create confusion in Willy’s last actions, thereby recreating the confusion and breakdown of Willy’s mental state. The tension is increased, as his next moves cannot be predicted. The voice of ‘The Women’ constitutes much dramatic tension. Upon hearing her voice and laugh, even beyond the ‘Boston Bedroom’ scene, we are then led to consider whether Willy has ended the affair and the consequences the relationship would cast. Combined with the way in which the family seems to further splinter, an incredible tension is created. Moreover, Biff’s growing agitation toward his indicates that he may be ready to reveal hidden affair. ‘The Woman’s’ laugh adds to this dramatic tension by sounding ironic and mocking, and this further exposes Willy’s vulnerability and confusion. Symbolism is also used throughout both to create dramatic tension and to link the past and the future. Perhaps the rubber piping creates the highest point of tension. It represents Willy’s insecurities and contemplation of death, a prospect that is in itself, an incredibly dramatically tense subject throughout as the audience is constantly left to wonder whether or not Willy will commit suicide. Furthermore, Linda knows of its existence but is reluctant to confront her husband. From the point that Biff decides to remove and keep the piping, we are aware that he now has two strongholds over his father, and tension is evident in his conflict between using this advantage over the now weakened Willy, and the reminder of the awesome respect he used to hold for his Father. In this final scene, Biff finally confronts his father by producing the tubing. Linda is horrified; Biff is angry and confused while Willy is left to defend himself. Such dramatic tension is highly powerful as it plays on the volatile emotional and relational ties found linking the characters. Their interactions then, are charged emotional, created by Miller as part of an incredibly tense sense of drama. Miller combines these methods of creating intense dramatic tension and as a result has produced a highly successful play that continues to capture the audiences rapt attention throughout.

Was the Atomic Bomb Dropped on Hiroshima Justified

Were the the Statesns reassert in displace the nuclear go bads on Hiroshima and Nagasaki in imposing 1945? The move of the nuclear miscarry calorimeter on Nagasaki and Hiroshima in 1945 by the Ameri neverthelessts is a precise controversial issue with no decisive answer. Both sides of the issue acquit truly justifi fitted arguments. Reasons for flatten outping the failard allow the event that Trumans options were limited at this point in the war, that the flunk did apply the desired issuance of Japans turn in and that the bulk of reasons the States had for falling the conk out be justifiable.On the other(a) hand, the atomic bomb was complete new technology and on that point is no counseling that Japan could gestate possibly been ready for it and for that reason the surr decisioner of the atomic bomb is actually to a greater extent than morally and respectablely wrong. It is likewise all- all great(p)(prenominal) to consider that 2 bombs were dro pped, twain with contrasting motivations and it is quite an possible that while ane is justifiable, the other is not. at that place were many another(prenominal) reasons why the States would abide chosen to drop the bomb and the majority potentiometer be justified. Before the atomic bomb was dropped, the States was nearing the end of the war.They had made the Potsdam proclamation requesting Japans surrender and at this point had the Nipponese at a very(prenominal) weak position. At a similar measure, the Americans had completed the exploitation of the Atomic bomb or figure Manhattan that, after Germany surrendered, had no other competition. A lot money had been put into the discipline of the bomb and at this point, Trumans options were limited. impact was out of the question due to the Japaneses difficult military and truehearted values The continuation of conventional bombings and a naval blockade were withal considered scarcely deemed unsuitable.The negation of surrender had been tried with the Potsdam Declaration and had failed. It is important to point out that by ignoring the resoluteness the Japanese in effect gave their word meaning of the Americans threats of prompt and utter destruction. 1 America and Britain were both awargon that the development of the bomb meant they no semipermanent relied on the allied army from Russia, and with the fear of communism, this was a motivation for the move of the bomb It is quite clear that the US do not at the infix time desire Russian intricacy in the war against Japan 2. thither was also the question of time.The atomic bomb was by far the quickest demeanor that America could see for the ending of the war, and they were calibre to end the war as out front long, Russia would become involved making a heavier casualty rate inevitable. America were also a very sourceful res publica now they had the development of the Atomic Bomb, it would necessitate been a waste to not be able to show their true military unit and the true destruction they could use by means of the bomb. in that location is also the point that the Americans were smell for penalize against the Japanese, as they had injured and killed many American soldiers, and even more than to come, had the Americans not taken quick action.Looking concealment at the dropping of the bomb, it is possible to recount that it was a method of prevention in many contrasting circumstances. Firstly, the dropping of the bomb meant that the war would be over The atomic bombs of Hiroshima and Nagasaki ended World War II. at that place can be no head of that. 3 It is possible that leaving the war longer could fetch resulted in a untold worse fatality rate for both Japan and America. Also, the dropping of the atomic bombs on Nagasaki and Hiroshima effectively decided the use of atomic technology for weapons for the future.Before the dropping of the bomb, community had no idea of the severity and origin of atomi c weaponry and therefore, the argument can be made that the dropping of the atomic bomb prevented a lot more serious cases that could take for happened say the origin of atomic bombs was not explored at this time. The dropping of the atomic bomb caused great acquittance of life, and there are many arguments suggesting the dropping of the bomb was both morally and ethically wrong. There is no way that the Japanese could have been prepared for the dropping of the atomic bomb as the world had neer witnessed mostthing like the bomb onwards.The Americans had the opportunity of demonstrating the motive of the bomb on a dilapidated area and showing the Japanese what they were facing. This was proposed by a number of American scientists, merely rejected by the Military leaders we did not deliberate exploding one of these things as a firecracker over a desert was liable(predicate) to be impressive. 4 There was the option of dropping the bomb on purely a military target, to that e xtent the Americans chose a target that not yet affected Japans military, nevertheless took the lives of many civilians. The Americans were continuously slightly racist towards theJapanese or colored people and this could easily have been secret motivation for the dropping of such(prenominal) a severe form of bomb. There is also the consideration of the two different bombs. The American military leaders would have been completely aware of the severity of disablement of atomic bombs after Little son was dropped yet they still went on to drop Fat Man. It is possible that while the starting signal bomb could be excusable, the dropping of a second, in full knowledge of the monetary value that it would cause, is not save unnecessary but definitely morally incorrect. It is also important to consider the Trumans alternatives once again.From the Americans point of view, Trumans options were very limited, but peace could have been plunge through the Japanese and the Soviet Union, a p athway which the President was aware of but didnt really explore. It can also be pointed out that the Potsdam declaration was a very harsh document, especially on a country with such strong patriotic values. Had the declaration not pass along unconditional surrender5 and had in concomitant let Japan keep around of their imperial rule, they could have been more likely to accept the declaration. Japan was already very vulnerable when America chose to drop the bomb.In reality, it was only a matter of time before Japan would have demand to surrender anyway. America knew that Japan would exigency to surrender soon as they were unavailing to import or export goods it was quite logical to hope and expect that with the congruous kind of warning the Japanese would have made peace. 6 It really was only a matter of time before Japan would have had to surrender and America knew that. It is possible that the Americans were not just kindle in the ending of the war, but had other reasons s uch as racial discrimination, revenge and greed for power to drop the two atomic bombs.In my scene, the Americans have comely reasons to justify the dropping of the bomb. They gave the Japanese equal warning of their plan through the Potsdam declaration and it was the Japaneses flaw to terminate this. They also completed the desired outcome with Japans surrender. For these reasons America can justify their reasons for dropping the bomb. However, organism able to justify something does not mean it is necessarily the best thing to do, and I think that it was morally incorrect to make the Japanese uffer to the extent that they did considering that the war was almost over. The fact that America chose to drop two bombs changes my opinion significantly as well. The first bomb can be looked with the idea that America was not aware of the damage they could cause, hitherto a second bomb was ferocious and inexcusable. The Americans were after more than just the end of the war, they wa nted the Japanese to feel their power and to have revenge In being first to use it we had developed ethical standards common to barbarians in the dark ages. 7 The bomb however has benefitted the world in the way that it has prevented anything like the atomic bomb misfortune from occurring again, and the use of this technology earlier on could easily have prevented a later, more severe disaster. The dropping of the atomic bomb on Hiroshima can be justified and looked at as a mistake that possibly had many benefits. The dropping of the bomb on Nagasaki was an example of the Americans greed for power and race operate revenge. In conclusion, I think that America had very strong reasons for dropping the bomb, some of which are valid and some of which are not.This said they should not have dropped it as they knew the effect that this bomb was going to have on Japan, especially when Japan was so unprepared, and there would have been much more appropriate ways of ending the war. 1 Lewis, Robert public square, Vol. 25, No 1, 1990, HTAV, Source 9, rogue 29 2 Lewis, Robert public square Vol. 25, No 2, 1990, HTAV, Source 22, page 19 3 Lewis, Robert AGORA, Vol. 25, No 1, 1990, HTAV, page 19 4 Lewis, Robert AGORA Vol. 25, No 2, 1990, HTAV, Source 16, page 14 5 Lewis, Robert AGORA, Vol. 25, No 1, 1990, HTAV, Source 9, page 29 6 Ibid page 34, source 14 7 Ibid page 19

Only the Strong Survive

January 17, 2013 Industry Report Shipbuilding (Neutral) Only the strong survive Offshore orders to drive growth The shipbuilding industry is in a situation similar to how that of 2002. In 2013, plunging order volume and weak new building prices are fueling intensifying competition. In 2002, shipbuilding shares rose because of an increase in orders, but then quickly fell on concerns over weak new building prices, which caused earnings to stagnate. For a period in 2002, shipbuilders went into red.Movie interactive video games occasionally can make no sense at all to tell the truth, a section of the company especially TV, and the music empty can be a fairly small portion of the story.Daewoo Securities Co. , Ltd. Ki-jong Sung +822-768-3263 kijong. [email  protected] com Ryan Kang +822-768-3065 ryan.Youre in need of a leader of culture if youre new beginning an agency.

Although shipbuilding shares currently trade at a P/B of 1. 0x, we believe they have the potential trade at a P/B of 1. 2x.We recommend Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000), and giant Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) out of the large shipbuilders.Respect and seeing possible is.share price of major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 200 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: KDB Daewoo Securities Research Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U. S. January 17, 2013 Shipbuilding Figure 1. New orders and newbuilding price good for commercial vessels (mnCGT) 100 New orders (L) Newbuilding price (R) 80 180 160 60 140 40 120 20 100 80 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 14F (1988=100) 200 Source: Clarkson, KDB Daewoo Securities Research Figure 2.You should have a feeling of self pride.

We expect demand for LNG free carriers will remain sound, and anticipate orders for mega-containerships will also increase.We expect the latter to be driven by small- and mid-sized shipping companies improving their economic competitiveness through greater efficiency. We also expect shipbuilders will be forced to take new orders at lower-than-normal prices because of the dearth of order backlogs for commercial vessels. We forecast the number of bids and orders for large offshore-plant construction projects to increase for each company in 2013.Let your much joy scream.We believe share prices will improve (despite concerns about lower-priced orders) thanks to increasing orders, and improved cashflow. Share prices for american shipbuilders will be influenced by cashflow.Despite intensifying market competition, we anticipate Hyundai Mipo Dockyard will take an increasing amount of orders, even though some will be lower-priced. 3.Many people think tattoos for men will need to be fero cious and tough.

We expect these trends will continue in 2013. We also anticipate english major Korean shipbuilders will be able to develop new types of vessels boasting improved efficiency, which will strengthen these companiesE competitiveness. Risk factors Earnings at shipbuilders will not recover easily, due to orders at lower-than-normal prices and won appreciation. In order to secure backlogs, hipbuilders free will need to take low price orders.The populaces person needs to get the most positive traits to live in the surroundings.share price of flat major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 00 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: Company data, KDB Daewoo Securities scientific Research Figure 5. Korean and Chinese shipbuildersE restructuring (No. of shipuilders) 200 Korea China 160 197 120 -88. 3% 80 40 24 23 -66.The intention isnt to humiliate or belittle anyone.

In addition, the ROE of shipbuildersE is projected to improve to 19%. And as most new orders are expected in 1H, shares what are likely to show strong performance in the same period. The relative share performance of global shipbuilders has changed. Thanks to the rising proportion of offshore orders, Korean shipbuilders and Hyundai Mipo Dockyard are now grouped together with Keppl Corp.Theres a good deal of variety, to simulate real social life conditions.Although we believe the shares have bottomed, we do not expect a long term recovery until new building prices rebound in earnest. We suggest accumulating the shares near a P/B of 1. 0x. Shipbuilding shares will likely begin to recover full-swing from 2014, when the market starts to turnaround, along with increased orders for commercial vessels, improved cashflow, and earnings recovery.Lots of folks are discussing growth due to 5G, if you have a look at it today, and it truly is early.

0x 30 20 30 1. 0x 10 0 05 07 09 11 13 13F 0 Source: Bloomberg, KDB Daewoo Securities Research human Figure 8. Relative share performances of major shipbuilders (-1Y=100) 150 140 130 120 110 100 90 80 70 60 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 11/12 12/12 1/13 HHI DSME HMD Guangzhou new Shipyard Keppel Corp. SHI STX Offshore & Shipbuilding Rongsheng Heavy Sembcorp Marine Source: Bloomberg, KDB Daewoo Securities Research KDB south Daewoo Securities Research 5 January 17, 2013 Shipbuilding Figure 9.Then will humanity be changed at the Kingdom of Gods region.0x 2. 5x 2. 0x 1. 5x 1.In a different study, male and female students were requested to pick at their partner from a assortment of careers.

0x 4. 0x central Figure 14. Hyundai Mipo DockyardEs P/B trend (Market cap,Wbn) 10,000 2. 5x 8,000 1.They find it extremely hard to forgive an event.5x 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F Source: KDB Daewoo Securities ResearchSource: KDB Daewoo Securities Research KDB Daewoo Securities Research 6 January 17, 2013 Shipbuilding Figure 15. Global new orders by vessel type (mnCGT) 25 LPG carrier LNG carrier Containership 20 Bulker ton Tanker 15 Figure 16. Newbuilding prices by vessel type (US$000/TEU) 30 Containership (L) Tanker (R) Gas carrier (R) Bulker (R) (US$000/DWT) 3 20 2 10 10 5 1 0 03 04 05 06 07 08 09 10 11 12 0 04 05 06 07 08 09 10 11 12F 12 13F 13 0 Source: Clarkson, KDB Daewoo Securities Research Source: Clarkson, KDB Daewoo Securities Research Figure 17. ROE-P/B comparison (P/B ,x) 3.Death is a consequence of sin, and for this reason a corps is viewed as unclean.

0 0 5 10 15 20 HMD S HI 15 Keppel 10 S HI Sumitomo Sembcorp HHI 5 (EPS growth, %) 0 -40 -30 -20 -10 0 10 20 30 40 Source: Bloomberg, KDB Daewoo Securities Research Source: Bloomberg, KDB Daewoo Securities Research Figure 19. Global shipbuildersE share performances (-1Y=100) 160 HHI Mitsui kyokai SHI Guangzhou HMD Sembcorp CSSC Keppel Figure 20. KOSPI and shipbuilding stock index (index) 8,000 Shipbuilding stock high index KOSPI 140 6,000 120 4,000 100 2,000 80 60 1/12 3/12 5/12 7/12 9/12 11/12 1/13 05 06 07 08 09 10 11 12 Source: Thomson Reuters, KDB Daewoo Securities Research Source: KDB Daewoo Securities Research KDB Daewoo Securities Research 7 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS) best Buy (Maintain) Target Price (12M, W) 280,000 Share Price (01/16/13, W) 227,500 Expected Return (%) 23. 1 EPS Growth (13F, %) 17.Its never simple to turn down.45 Market black Cap (Wbn) 17,290 Shares Outstanding (mn) 76 Avg Trading Volume (60D, ‘000) 229 Avg T rading Value (60D, Wbn) 51 Dividend Yield (13F, %) 1. Free Float (%) 59. 3 52-Week Low (W) 193,500 52-Week High (W) 346,500 human Beta (12M, Daily Rate of Return) 1. 46 Price Return Volatility (12M Daily, %, SD) 2.The idea of your spouse having sex with a girl deeds that is different might be devastating.

36%) NPS (5. 08%) Price Performance (%) 1M 6M 12M Absolute -1. 7 -3. 8 -20.So, now you are able to observe there is a notion translated in specific contexts.7bn and revenues of W26. 9tr (non-consolidated) in 2013 Implemented a self-rescue plan for the first time in 40 years. Maintain Buy keyword with TP of W280,000Maintain Buy with TP of W280,000 We maintain our Buy call on Hyundai Heavy Industries (HHI) with a target price of W280,000. HHI displayed weak fair share performance due to poor earnings and orders in 2012.0x, the lowest levels in the companyEs peer group.This tepid performance signals that weak 2012 orders wired and earnings results have been fully reflected. However, HHI has strong investment merits in 2013, as it is projected to win massive orders. Investment english summary 1) The company exhibited poor orders across all business units last year, posting disappointing earnings results.

5bn) and the Brass LNG project (US$3. 5bn) in 1Q. In addition, HHI is expected to bid for additional projects worth US$1-4bn; indeed, we believe the company will be aggressive in its order-taking efforts. 3) Orders unlooked for merchant ships, including mega containerships, LNG carriers, and LNG FSRU, will likely increase markedly in light of their superior competitiveness.Share price 130 120 110 100 90 80 70 60 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) 37,342 53,712 54,741 58,433 63,025 OP OP Margin (Wbn) (%) 5,532 14. 8 4,536 8. 4 2,485 4. 5 3,331 5.7 7. 6 22,750 3,469 -2,260 10. 2 10. 6 26,750 4,320 2,005 11.5 1. 3 1. 1 1. 0 0.

2 5. 2 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 korean Daewoo Securities Research 8 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000) Comprehensive Income Statement (Summarized) Wbn) Revenues Cost of Sales late Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax gross Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive net Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 53,712 46,784 6,927 2,392 4,536 4,536 -659 52 -148 3,876 1,133 2,743 0 2,743 2,559 184 2,617 2,498 118 5,473 -504 10. 8. 4 4.4 5. 7 3. 5 12/14F 63,025 56,408 6,618 2,836 3,782 3,782 -338 188 -150 3,444 895 2,549 0 2,549 2,449 100 2,288 2,178 110 4,768 2,297 7. 6 6.5 7. 1 5. 6 6. 8 5.0 0. 9 5. 3 8. 5 6.

1 10. 0 1. 6 0. 0 1.7. 9 -13. 5 -36. 6 24.0 13. 5 -38. 4 -32. 4 17.1 6. 1 9. 3 8. 2 8.

7 5. 8 5. 7 3. 7 4.1 12. 2 17. 3 7. 8 10.0 134. 5 90. 5 110. 6 118.1 22. 7 15. 7 6. 0 7.

1 P/E (13F, x) 9. Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 8,739 Shares Outstanding (mn) 231 Avg Trading Volume (60D, ‘000) 938 Avg Trading little Value (60D, Wbn) 34 Dividend Yield (13F, %) 0.0 Major Shareholder(s) Samsung Electronics et al. (24. 42%) Treasury shares (6. 13%) Mirae Asset Global Investment (5.8 -4. 5 6. 0 Reliable again in 2013 ? ? ? 2013 orders and revenues forecast at US$14. 2bn and W14.We expect SHI to win massive orders of US$14. 2bn despite the slump in the global shipbuilding market, driven by the robust offshore plant market and the companyEs superior competitiveness.SHIEs shares are trading at a 2013F P/E of 9. 4x logical and a P/B of 1.

As such, the company has solid earnings relative to its competitors. 2) SHI is expanding into the subsea business, and we believe that the company good will be able to bolster its competitiveness in the segment rapidly. ) The commercial vessel unit, which exhibited a tepid performance last year, is likely to recover in 2013 thanks to: 1) rising mega containership orders and 2) steady orders for LNG carriers and LNG FSRU. 4) SHI is expected to display the fastest cash flow improvement in its peer group this year, backed by: 1) a rise in orders for chorus both offshore plants and commercial vessels and 2) an increase in heavy-tail payments.7 851 1,226 8. 2 929 1,198 8. 0 934 1,355 8. 6 1,015 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) 4,330 1,504 598 28.9 P/E (x) 9. 5 7. 6 9. 6 9.5 1. 3 1. 1 EV/EBITDA (x) 8. 2 5.

9 8. 7 6. 4 12/12F 14,875 12,867 2,008 766 1,242 1,226 -30 -34 0 1,196 267 929 0 929 929 0 920 920 0 1,551 282 10. 4 8.2 12/14F 15,751 13,594 2,158 803 1,355 1,355 -19 -51 0 1,336 321 1,015 0 1,015 1,015 0 1,006 1,006 0 1,667 978 10. 6 8. 6 6. 5 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total other Assets Current 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 live Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 9,617 806 4,132 540 1,905 6,797 0 5,408 86 16,414 10,539 4,425 3,232 2,883 1,231 1,004 88 11,770 4,644 1,155 423 3,610 0 4,644 12/12F 9,112 1,115 3,793 550 1,711 6,316 5 5,434 38 15,428 7,758 3,882 1,570 2,306 2,213 1,881 138 9,971 5,457 1,155 423 4,430 0 5,457 12/13F 9,229 1,264 3,820 554 1,648 6,372 5 5,506 21 15,601 7,301 3,910 1,070 2,322 1,918 1,481 188 9,219 6,382 1,155 423 5,364 0 6,382 12/14F 9,720 1,445 4,017 583 1,733 6,439 5 5,573 13 16,159 7,223 4,111 670 2,442 1,656 1,081 271 8,878 7,280 1,155 423 6,272 0 7,281 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others visible Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income general Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets several Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 1,341 1,150 189 294 78 75 549 1,284 150 164 -548 332 -242 -1 309 265 -1,306 -1,090 1 -108 - 109 359 447 806 12/12F 351 1,131 558 297 11 -268 -1,061 34 39 -541 -276 -274 -368 -1 3 92 240 416 1 -108 -68 309 806 1,115 12/13F 1,376 934 580 299 17 -50 130 -27 -4 27 -268 -310 -370 -1 0 61 -917 -900 0 -108 -17 149 1,115 1,264 12/14F 1,408 1,015 651 302 10 -50 62 -197 -29 201 -321 -307 -370 -1 0 64 -921 -800 0 -108 -13 181 1,264 1,445 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 Growth (%) EPS rapid Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current same Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 7.7 1. 8 1. 9 -3. 3 -19.2 4. 8 19. 4 15. 5 253.

6 7. 2 1. 5 6. 1 4,021 5,358 26,307 0 0.7 9. 1 3. 8 27. 3 3.7 117. 5 7. 2 57. 9 12/13F 9.6 0. 0 0. 7 -2. 4 -2.

0 6. 0 15. 8 16. 9 144.6 6. 6 1. 1 4. 5 4,396 5,747 34,309 0 0.0 8. 7 4. 1 27. 7 4.9 134. 6 -22. 5 106. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 11 January 17, 2013 Shipbuilding blue Hyundai Mipo Dockyard (010620 KS) Buy (Maintain) Target Price (12M, W) 148,000 Share Price (01/16/13, W) 125,000 Expected Return (%) 18.

0 KOSPI 1,977. 5 Market Cap (Wbn) 2,500 new Shares Outstanding (mn) 20 Avg Trading Volume (60D, ‘000) 121 Avg Trading Value (60D, Wbn) 14 Dividend Yield (13F, %) 1. 6 Free Float (%) 51. 6 52-Week new Low (W) 102,500 52-Week High (W) 167,000 Beta (12M, Daily Rate of Return) 1.4%) NPS (7. 38%) Price Performance (%) Absolute Relative Shining in the dark ? ? ? 2013 target: US$3. 2bn in orders and W3. 6tr in revenues Stands to benefit most from industry restructuring Maintain Buy and TP of W148,000 Maintain Buy and TP of W148,000We maintain our Buy recommendation on Hyundai Mipo Dockyard (HMD) and our target price of W148,000.4tr; 8. 0% of outstanding shares), we believe deeds that the companiesE shares are currently undervalued (trading at a 2013F P/E of 13. 1x and a P/B of 0. 9x).3) In the small- to mid-sized merchant ship market, the product carrier (P/C) segment, in which HMD has the strongest competitive edge, is expected to be relatively robust in 2013. ) If the shipbuil ding market remains in a slump for a protracted period of time, HMD should be able to widen its gap with its peers. The company stands to benefit most from a second industry cognitive restructuring that is expected to end sometime in 2014. 1M 2.

6 5. 3 Share price 160 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & high Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP Margin NP EPS EBITDA FCF ROE P/E (Wbn) (Wbn) (%) (Wbn) (Won) (Wbn) (Wbn) (%) (x) 4,138 683 16. 5 493 24,629 741 431 14. 7 9.9 131 6,556 192 -563 4. 3 19. 4 4,624 191 4. 1 190 9,518 256 397 6.6 P/B EV/EBITDA (x) (x) 1. 2 4. 4 0. 8 4.6 0. 8 6. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to neural net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 12 January 17, 2013 Shipbuilding Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) Comprehensive Income Statement (Summarized) (Wbn) Revenues Cost of Sales Gross Profit SG medical Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax Profit Income Tax net Profit from ContinuingOperations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests positive EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 4,624 3,975 649 272 378 378 -63 -24 0 315 112 202 0 202 200 3 -821 -823 2 441 -633 9. 5 8.

0 12/13F 4,624 4,143 481 290 191 191 52 -9 -2 243 58 185 0 185 190 -5 185 194 -9 256 397 5. 5 4. 1 4. 1 12/14F 4,855 4,321 534 304 230 230 73 -10 -2 303 73 230 0 230 235 -5 230 239 -9 293 416 6.4 13. 1 10. 6 8. 5 12.0 0. 9 0. 8 4. 2 13.9 20. 6 16. 6 1. 8 1.

8 5. 0 5. 0 -40. 5 -56.8 52. 2 20. 3 -59. 4 -34.2 3. 9 5. 0 18. 1 17.2 3. 8 3. 8 2. 3 1.

3 6. 4 7. 4 53. 8 8.8 162. 5 146. 2 105. 6 111.9 -16. 9 -27. 9 689. 5 45.1 P/E (13F, x) Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 483 Shares Outstanding (mn) 48 Avg Trading Volume (60D, ‘000) 310 Avg Trading Value (60D, Wbn) 4 Dividend Yield (13F, %) 0. 0 Free Float (%) 62.

38%) KB Asset Management (5. 13%) Price Performance (%) 1M Absolute -23. 4 Relative -22. 5 Unlikely to weather domestic market slump ? ? ? Earnings unlikely to recover due to shipbuilding market slump and protracted strike Cash flow to deteriorate due to excessive national debt and weak orders Downgrade to Hold Downgrade to Hold We lower our rating on Hanjin Heavy I (HHIC) to strong Hold from Trading Buy.Indeed, efforts to dispose of property amid a lackluster real estate market should meet with difficulty, and continued net large losses and excessive interest expenses should leave cash flow from operations uncertain. Risks ) The commercial vessel unit at the Youngdo shipyard is unlikely to recover. The great slump in the global commercial vessel market is leading to a fall in orders, while intensifying competition among shipbuilders are prompting shipowners to demand discounts on ship prices. .Indeed, the company needs more capital to engage in the development project near the Incheon port. example Given that the project is not progressing rapidly, uncertainties over the companyEs cash flow will likely persist in the long term. 5) HHIC holds massive debt (W2. 8tr).9 -54. 3 fair Share price 120 110 100 90 80 70 60 50 40 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation MetricsFY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP anterior Margin NP (Wbn) (Wbn) (%) (Wbn) 3,168 120 3. 8 -72 2,892 108 3. 7 -97 2,547 63 2.

1 -2,123 148 243 -5. 7 -158 195 182 -0. 6 -466 184 146 -1. 8 P/E (x) P/B (x) 1.4 EV/EBITDA (x) 14. 5 19. 9 24. 0 16.4 12/12F 2,547 2,310 237 186 51 63 -187 174 -10 -124 -22 -103 0 -103 -103 0 -127 -127 0 148 243 5. 8 2. 5 -4. 0 12/13F 2,795 2,516 280 204 76 76 -89 159 -5 -13 -3 -11 0 -11 -10 0 -35 -34 0 195 182 7.7 -1. 1 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash modern Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets national 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 Total Liabilities Controlling Interests human Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 2,392 854 917 361 237 4,645 66 3,144 89 7,037 2,483 811 1,603 69 2,6 87 2,317 329 5,170 1,864 241 644 814 2 1,867 12/12F 2,058 686 868 280 209 4,535 81 2,980 89 6,592 2,286 802 1,421 63 2,566 2,177 336 4,852 1,738 241 644 712 2 1,740 12/13F 2,077 617 925 294 228 4,487 76 2,871 89 6,564 2,384 895 1,421 69 2,369 1,977 338 4,753 1,809 346 644 701 2 1,810 12/14F 2,025 422 1,016 322 250 4,412 76 2,780 89 6,437 2,479 983 1,421 76 2,204 1,777 373 4,683 1,752 346 644 669 2 1,754 Cash Flows (Summarized) Wbn) Cash Flows extract from Op Activities Net Profit Non-Cash Income and 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 economic Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin other Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending proper Balance 12/11 -228 -97 246 113 0 44 -379 -192 -42 -150 2 68 -15 0 -43 126 -106 91 1 0 -198 -262 1,116 854 12/12F 316 -103 265 97 0 16 131 23 77 33 22 9 -21 0 -14 44 -488 -297 0 0 -192 -168 854 686 12/13F 194 -11 206 120 0 25 -4 -57 -13 92 3 11 -10 0 0 21 -275 -200 105 0 -180 -70 686 617 12/14F 165 -33 216 101 0 25 -28 -91 -29 88 9 10 -10 0 0 20 -370 -200 0 0 -170 -194 617 422 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) visual EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) national Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current Ratio (%) neural Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 57. 4 0. 5 19.

9 -9. 8 RR 3. 3 8. 9 3.9 96. 3 163. 0 0. 5 12/12F -112.0 -11. 9 -25. 9 -41. 8 RR 3.7 1. 4 278. 9 90. 0 166.

9 -158 1,691 24,843 0 0. 0 0. 0 9. 8 31.1 -0. 2 -0. 6 2. 1 262.1 0. 4 18. 0 -466 989 24,030 0 0. 0 0.6 10. 0 4. 0 -0. 5 -1.

4 0. 5 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 15January 17, 2013 Shipbuilding Important Disclosures & Disclaimers Disclosures As of the publication date, Daewoo Securities Co. , Ltd. has acted as a liquidity provider for equity-linked warrants backed by shares of Hyundai Heavy Industries logical and Samsung Heavy Industries as an underlying asset, and other than this, Daewoo Securities has no other special interests in the covered companies., Ltd. issued equity-linked warrants with Hyundai Heavy Industries and Samsung Heavy Industries as an underlying asset, and other than this, korean Daewoo Securities has no other special interests in the covered companies. Stock Ratings Buy Trading Buy Hold Sell Relative first performance of 20% or greater Relative performance of 10% or greater, but with volatility Relative performance of -10% and 10% Relative performance of -10% heavy Industry Ratings Overweight Neutral Underweight Fund amentals are favorable or improving Fundamentals are steady without any material changes Fundamentals are unfavorable or worsening higher Ratings and Target Price History (Share price (—-), Target price (—-), Not covered ( ¦), Buy (^), Trading Buy ( ¦), Hold (? ), Sell (? )) * Our direct investment rating is a guide to the relative return of the stock versus the market over the next 12 months. * Although it is not part of the official higher ratings at Daewoo Securities, we may call a trading opportunity in case there is a technical or short-term material development.Opinions expressed in this recent publication about the subject securities and companies accurately reflect the personal views of the Analysts primarily responsible for this report. Daewoo Securities Co. , Ltd. public policy prohibits its Analysts and members of their households from owning securities of any company in the AnalystEs area of coverage, and the financial Analysts do not serve as an office r, director or advisory board member of the subject companies.except as otherwise stated herein. Disclaimers This report is published by Daewoo Securities Co. , Ltd. („Daewoo†°), a broker-dealer registered in the Republic of Korea and a member of the Korea Exchange.

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