How does Priestley express ideas about Eric Birling in ‘An Inspector Calls’ Essay

Eric’s Drinking One explanation for Eric’s drinking perhaps is the hypocrisy of his family, and Eric feels he has to join in with the male dominated culture in society. For example when Gerald suggests he is going to be careful Eric expresses his amusement; â€Å"Eric suddenly guffaws. His parents look at him† this is the strongest suggestion yet that Eric is aware of Gerald’s affair, if not the exact specifics. When asked by Sheila what was causing his amusement Eric replies; â€Å"I don’t know – really. Suddenly I felt I just had to laugh† this shows how Eric defends the male and shows how Eric has to defend the male power not the female power. This could suggest that the hypocrisy of Gerald who is highly esteemed by his family had led to Eric’s frustration and led him on a path to alcoholism. Eva’s Sacking + Capitalism Eric clearly shows much more sympathy to Priestley’s views than that of his father. Discussing Eva Smith’s death, Eric suggests; â€Å"Why shouldn’t they try for higher wages? We try for the highest possible prices? †¦ you said yourself she was a good worker† this shows how Eric is questioning not only the decision making of his father but also Mr. Birling’s view on society. Mr. Birling is a keen advocate of everybody â€Å"looking after himself† but when a lower class workers attempts to improve their life changes Mr. Birling is contradictory and fires Eva. Showing how Eric’s rhetorical question of â€Å"Why shouldn’t they try for higher wages?† shows how Eric is almost representing Priestley’s views of the selfish, aggressive form of capitalism, which Mr. Birling represents. Affair When Eric’s affair comes to light, his choice of language leaves ambiguity to the reader about the nature of Eric’s affair. Did Eric force himself upon Eva? Or was Eric showing sympathy and attention to an innocent girl? Eric states to the inspector; â€Å"She wasn’t the usual sort. But – well, I suppose she didn’t know what to do† by suggesting she wasn’t â€Å"the usual sort† suggests that it is Eva innocence and desperation that causes Eric to be attracted to Eva, this could lead us to have sympathy for Eric. As if here were to see Eva not purely as a prostitute but also as somebody who can change and reform shows a more sympathetic side to Eric; that everyone can change. However the ambiguity comes from the statement â€Å"well, I suppose she didn’t know what to do† this sounds strongly like rape from Eric. That he has clearly forced himself upon her with Eva not knowing how to react. Again highlighted in the following remark â€Å"Yes, I insisted – it seems† again suggesting how Eric was the one dominating the situation. Although Eric’s guilt is evident when he tries to express doubt on his wrongdoing with the quote â€Å"it seems† showing how Eric is not comfortable with the sin he has committed. If this were to be the case it paints a much darker picture of Eric; suggesting he had no genuine car for Eva, but was only interested in the need to fulfill his sexual desire. Sexism/Prostitution Eric’s relationship with Eva continues to lack any real substance and highlights Priestley’s thoughts that woman have little choice about their choices in order to survive. As Eric continues to describe his relationship with Eva he describes â€Å"And this time we talked a bit† for a couple to only â€Å"talked a bit† is hardly a romantic statement, and suggests that Eric pretty much had sex with Eva straight away. The fact that Eric also couldn’t â€Å"remember her name or where she lived† shows how from Eva’s point of view Eric was someone who was abusive with her, and didn’t seem to look after her. The only reason for Eva to continue to associate with Eric would be because of the extreme poverty she faces; and showing how despite the abysmal way she is treated she has no choice but to accept the dominance of men. Learning His Lesson After the Inspector has left, Priestley does give the reader an opportunity to take a more optimistic view about what Eric’s future may hold. After his mother has condemned Eric outraging; â€Å"I’m absolutely ashamed of you† Eric’s reply shows a sign of maturity and of a genuine capacity to change responding, â€Å"Well, I don’t blame you. But don’t forget I am ashamed of you as well – yes both of you† the fact that Eric is now admitting shame on himself could suggest he is now in the frame of mindset to change his ideals and values. The way Eric also condones his parents also sounds remarkably mature saying â€Å"But don’t forget I am ashamed of you as well† this shows how Eric is condemning his parents in a very authoritative way, and turning the tables on his parents using mature demeanour. Eric continues to ridicule his parents, particularly expressing doubts over his father’s viewpoints. In one of his final lines Eric remarks; â€Å"You told us a man had to make his own way†¦and then one of those cranks walked in – The Inspector (laughs bitterly.) I didn’t notice you told him it’s every man for himself† the way that Eric uses repetition of his fathers notion about â€Å"every man for himself† shows how Eric ridicules Mr Birling’s views on Priestley’s behalf to show how many of the beneficiaries of capitalism believe in that principal; except those who need to be looked after the most. The message from Priestley that no matter how flawed or wealthy the character everybody has the ability to change.

Strategy of Apple Brand

INTERNATIONAL BUSINESS STRATEGY OF PARENT COMPANY When a firm decides to go international with their business they must face many competitive decisions. Two of the most important decisions a company will face are the pressures for cost reduction and pressures for local responsiveness. The pressure of cost reduction forces a firm to lower their value of the cost of creation. Firms can outsource to places where costs of their products are much cheaper or they can mass-produce a standardized product in one location. A firm must have the feeling of local representation.Every country has its own way of life. If a company does not adhere to each country’s differences in traditional business practices, distribution channels, and the demands from the host government, there will be no reason going international. Customers in different countries all hold to their own ways of doings things. It is important for a multinational firm to become aware of all traditions and rules in the countr ies of entry. There are four different strategies an international corporation can choose from. They are global standardization, localization, transnational and international.Each strategy leads to the deciding factor that firms will use to determine the amount of pressures for cost reduction and local responsiveness. Global standardization is used to increase profitability by obtaining cost reductions through economies of scale. A firm whom wants to pursue a low-cost strategy on a global scale will normally offer a product that can be mass-produced at a low cost. A localization strategy offers a product that is custom to the host country. The product satisfies the countries preferences and taste. The third strategy is transnational.It is used when the firm is faced with strong pressures for both reduction and localization. This strategy is hardly used when competitors are in the market because it is hard for a firm to please the local tastes and preferences of its customers at a lo w cost. The last strategy is international. This strategy is used when firms are confronted with low pressures for both cost reductions and local responsiveness. This strategy is scarcely used when competition enters the market. With each strategy, business can find which one works best for their organization. Also Case Study will describe why Apple Inc. is a very successful company.Companies will decide to go international depending on the country it chooses to enter and the amount of profit it can earn. In corporate strategy there are two types of diversification, linked and constrained. â€Å"Companies using linked diversification, enter new businesses when it relates in some way to another business they are already in but it does not necessarily have any connection to their other businesses. If they are using constrained diversification, they only enter a new business if it is based on their core resources or competencies.Companies based on linked diversification have little coherence to their overall corporate strategy, while companies using constrained diversification tend to be more focused. Constrained diversification allows companies to maximize the effect of their resources because they are shared (100). † Apple is a personal computer, hardware and software company, inhere ntly leading to use constrained diversification because they utilize their competition and they share resources between businesses. For example iPods, iPads, iPhones, MacBooks and Apple TVs all run on the same operating system.This intends customers to link their music with laptops, TVs, cell phones and other Apple products. This allows for a more appealing product to the customer. Apple is saving money by sharing resources throughout their multinational business. The product of Apple has such a distinct business that competitors have not been able to match their techniques. Each electronic device is unique, allowing for them to be used anywhere in the world and each is different from any of its competitors. Apple’s goal for a mobile business is to be fundamentally innovated and differentiable.It does not concentrate on the size of its industry because it maintains strong profit margins that have high percentages in the industry’s profit share. Apple does not focus on the quantity of its products but the quality and relevance. â€Å". Peter Drucker wrote that â€Å"What makes the future happen is always a business’s embodiment of an idea of a different economy, a different technology, a different society. It need not be a big idea; but it must be one that differs from the norm of today†. This means defining what the devices are (e. . , a pocket-sized device, or a tablet-sized device), and what they do. Apple must do this through constant innovation. † Apple has secured itself as the industry innovator and a position of strength by constantly defining what their products are and what their products do. Since Apple is continuously redefining the industry, they do not need an overwhelming market share. Apple can dominate the market through their intelligence of inventing new electronics and the respect they have for their customers.Apple’s basic business model is to sell hardware; every other product, iTunes, Apps, operat ing systems, is to make their hardware more valuable. The main goal of this strategy is to maximize the value of the firm. Customers are willing to pay high prices to obtain products of high value and high quality. Within an international business setting, firms are competing to receive the highest profit against one another. Apple is competing at a differentiation strategy. They increase the attractiveness of their products, making the products stand out so customers will purchase their products over another.Apple’s strategic positioning choice is to have high valued electronics that all customers want. Apple products are unique compared to the rest of the world. This allows Apple to charge a higher price. Many people are willing to buy Apple products because they are well produced, have a high quality and are known as a luxury item to the customers of Apple. Apple’s main goal is to maximize all values for the firm. This includes increasing shareholder value in a lega l, ethical and a socially responsible manner. Managers can increase the profitability of a firm by pursuing strategies that lower costs or by pursuing strategies that add value to the firm’s products. Managers can also increase the rate at which the firm’s profits grow over time by pursuing strategies to sell more products in existing markets or by pursuing strategies to enter new markets†. Apple is always looking at new ways to increase its value and shareholder profit. Our main strategy to increase profit is to add value, raise prices and to enter new markets.

The Railway Children

Chap 1: The Beginning of things The Railway Children Answer the following questions 1. What did Peter get as his birthday present? 2. How did Father treat the children? 3. What was Father doing when the two gentlemen arrived? 4. Who left their family after their father went away? 5. What did Mother make the children promise to her? 6. Where did the three children and their mother move to after leaving London? 7. What did the children bring along with them to the countryside cottage? 8. What happened to them at the cottage upon their arrival? Chap 2: Peter and the coalThe Railway Children Answer the following questions 1. What did the children and their mother do when they could not find their supper? 2. What did the children do when they woke up the following morning? 3. Where did the children go after breakfast? 4. What was the function of the white line on the wall? 5. How did their mother provide for the family expenses? 6. Why didn’t the family light fires to keep their ho use warm during the wet rainy days? 7. What happened to Peter at the station yard? 8. What lesson did the children learn from the coal incident?Chap 3: The Old Gentleman The Railway Children Answer the following questions 1. What did the children do when the trains going to London passed by? 2. Who waved back at the three children? 3. What did the children do at the train station? 4. What happened to the children’s mother? 5. Who came to check on Mother’s condition? 6. What was needed by their mother in order to get well? 7. How did Peter attract the Old Gentleman’s attention? 8. What did Perks, the porter, bring for the children? Chap 4: Bobbie’s Ride The Railway ChildrenAnswer the following questions 1. What was Mother’s reaction when the children told her that they had asked the Old Gentleman to help them buy food and medicine for her? 2. Why did Mother write a letter to the Old Gentleman? 3. What did Bobbie receive for her birthday? 4. Why did Bobbie’s birthday celebrations end on a sad note? 5. What happened to Bobbie on the steam train? 6. Who were the two railway workers who saw Bobbie on the train? 7. Where did Bobbie change trains to go back home? 8. How did Peter feel when he saw that his train engine was repaired?Chap 5: Saving the train The Railway Children Answer the following questions 1. Where were the children when the landslide hit the railway line? 2. Who suggested to use the red petticoats as flags? 3. Did the children manage to stop the train? How did they do it? 4. What is the consequence of the children’s actions? 5. Who invited the children to the train station for a special ceremony? 6. Why was the ceremony held? 7. What did the children get from the Northern and Southern Railway Company? 8. Who did the Old Gentleman meet at the children’s house?

Reports for ODE Complaints Essay Example | Topics and Well Written Essays - 500 words

Reports for ODE Complaints - Essay Example There is one major issue in the case of the District. The District accepted that it has not given specialized education services, as illustrated by the IPEs (Mitchell, 2012). This was due to inadequate competent staffs, to provide the specialized services. The District and the Special Education director did not adhere to the principles of IDEA. The District must have free and appropriate education. The specialized education services must be entirely provided at the expense of the public. Adequate evaluation should be provided to every child who is suspected to have disability. The District did not conduct the evaluation exercise, to determine the number of children with disabilities, and the nature of the disabilities. Due to inadequate staffs, the IEP was not effectively implemented. The IEP illustrates the obligation of the public agency to provide specialized services. Only a few students benefited, and many lesson hours were missed. Learners with disabilities must adequately access the Least Restrictive Environment (LRE). This is through effective use of the general education classes and curriculum. The district is presently underway to hire an agency that can effectively provide the general curriculum and classes. This is because the agencies are competently equipped to offer the specialized services. Adequate participation of both parents and students in the decision making process should be ensured. The parents seems to understand the benefits of the specialized education to learners wit h disabilities. This is the reason why they filed a complaint against the District for the poor implementation of the special education program. The procedural safeguards are weak in the District (Mitchell, 2012). This is because the children with disabilities do not receive special education, in an appropriate environment. The findings illustrate that the district did not adhere to the IEPs. This is by failing to

US History Essay Example | Topics and Well Written Essays - 500 words

US History - Essay Example For instance, â€Å"American values, traditions, institutions, interests, and aspirations increasingly diverged from those of England†. The bitter memories of suffering in the hands of British redcoats during the war had also helped induce a feeling of camaraderie among the Americans. To add to this growing divide, King George II and later King George III were indifferent and arrogant in their attitude toward the colonials. The Americans were also intent on vengeance for the excesses committed against them by the redcoats in the form of â€Å"extortion of supplies, homes and men† during the war. Moreover, as the Crown was in heavy debt after the war, it imposed an array of taxes on Americans, which the latter found unacceptable. The seeds for the American independence that were sown during the French and Indian War gained momentum after the conclusion of the war in 1763. American colonials were growing indignant due to the barrage of new taxes that were imposed on them by the British crown. The public unrest was understood by its leaders, who responded according to the dictates of their conscience. The political and intellectual culture in America during and after the year 1763 is a primary factor in the success of the revolution. For example, the literate and well-read populations of colonials were presented with the case for an independent America. They communicated to the colonials the necessity to fight for their rights and freedom from oppression. To quote, â€Å"From 1763 through 1775, 43 newspapers across the colonies deepened feelings of outrage among ever more Americans by publicizing an ever-expanding litany of the Crowns abuses of power. Printing presses cranked out thousands of copies of hundreds of books, pamphlets, sermons, and broadsides whose authors boldly condemned the Crowns violations of the British "Constitution" and the rights of all Englishmen. During those dozen years,

DQ-4-Terence Essay Example | Topics and Well Written Essays - 1500 words

DQ-4-Terence - Essay Example The new information threatens the regulatory requirements as they provide conflicting information. Concerns though have risen to whether the different uses of internet guidelines are beneficial to the organization and whether the new patterns should align or contradicts the general communication patterns from the body. Investigations into this inquiry are therefore the paramount objective of the paper, articulated through discussions and evidence from the scholarly articles by different researchers. Organizational structure determines the operational policy and the work process of any company that the business employs. Actions as the managerial reporting, movement of knowledge, decision-making process and dissemination of information are the essential components ensured by the organizational structures (Im, Hong & Kang, 2011). The structures whether they move within the organization and between the groups levels has no inherent of being better than the other. Rather, the structures have their sole benefit to the organization that suits them well in a particular situation (Wixom & Watson, 2012). Information flow in the major organizations has been structured on a departmental level and organizational level. The corporate level can be referred to as the flow of ideas within the organization that is inherent from the other organizations branches. The department heads use their own internet rather than sharing a broader network in the whole group. The organizational level uses a different internet in communication to other regions. Many individual will argue that it’s due to the independent nature employed by the organization to ensure each unit performs to its best. Whether the idea of separating internet usage within and between the groups’ levels remains a question for debate? Operating with the same policies and work procedures means the organization has similar goals and objectives to accomplish and why separate their internet

Business marketing Essay Example | Topics and Well Written Essays - 9250 words

Business marketing - Essay Example Research is an activity that is intended to arrive at a solution for a question or set of questions. (Ghauri & Gronhaug, 2005). Therefore, research needs to be executed in a systematic way with proper planning. Saunders et al. (2007) perceive research as an onion with different layers (figure 3.1). Figure 3.1: The Research ‘Onion’ Source: Saunders et al., (2007) As per the research onion, the five layers of research are Research philosophy, research approach, research strategy, time horizon and data collection (Saunders et al., 2007). 3.2 RESEARCH PHILOSOPHY Research philosophy refers to the methodology and strategies used by the researcher based on the researcher’s individual assumptions. Saunders et al. (2007) states that a research philosophy is related to the nature and development of the knowledge. Thus, a research philosophy is mostly based on the researcher’s perception about knowledge and its development. A research process is influenced by three ma jor thinking’s of research philosophy which are axiology, ontology and epistemology. Axiology is the frame reference for scientific ethics (Edwards, 1995). As mentioned, axiology forms the study of the ethical part, that is, value and principles by using mathematical proof. Ontology is about the behaviour of social entities. Ontology is regarded with the nature of social entities, where it possesses the question whether social entities can and should be considered as objective entities that have a reality external to the social actors, or whether they can and should be considered social constructions build up from the perceptions and actions of social actors (Bryman & Bell, 2007). The two main theories of ontology are objectivism and contructionism. The third thinking Epistemology explains about knowledge. It raises the question as to what should be considered as the perfect knowledge in a discipline. (Bryman & Bell, 2007). Epistemology ensures whether an area of study is wor th the research. (Gill & Johnson, 2010). The three research divisions of Epistemology are positivism, realism and interpretivism. 3.2.1 Positivism Positivism could be considered as an epistemological position that supports the application of the methods to learning of a social reality and beyond (Bryman & Bell, 2007). Checkland (1999) explains that positivism is a method for procuring knowledge which can be tested publicly with a rational thinking supported by observation and experimentation tools. In a research with positivism, the researcher will adopt a philosophical approach for arriving at a solution. Saunders et al. (2007) Therefore, a rational and thoughtful experimentation is the primary focus of positivism. As per Kolb (1984), a researcher is an accommodator. This is based on the concept of ‘Learning Style Assessment.’ Such researcher falls under the category of positivists. (Figure 3.2). This shows the attitude and interests of the researchers in trying solvin g problems. Positivism stresses on data and observations that are quantifiable and that can be statistically analysed. (Remenyi et al., 1998). Through tools such as questionnaires, data will be collected and statistical tools will be used to analyse the same. Analysis will also be based on the situations. The researcher will prefer working with an evident social certainty and that the end

Competitive&strategic analysis Essay Example | Topics and Well Written Essays - 250 words

Competitive&strategic analysis - Essay Example A study by Fleisher and Babette (20) posits that a marketing manager requires applying strategic positioning through serious inventions. He requires coming up with new services by keeping up with the market trends. This is not easy because it calls for a lot of creativity and learning the competitor’s operations. The company as a whole requires understanding the market trends in order to set a strategic position. This includes thorough research from the competitors and from the consumers. This success can only happen through enhancing this company’s online marketing which lacks in the company. It should create strong websites with relevant information both existing and potential in relation to marketing. The company should set aside some funds in order to create a strong online presence through wed-designs and development. This is because research shows that 97% of the consumers use the web to search for local and international businesses. After creating the website, the company should consider its Search Engine Optimization (SEO) since study shows that 80% consumers use it for researching products (Fleischer & Babette 30). Every company requires harmonized decision-making, and it is important to include all employees in decision-making. Online marketing is the most popular marketing strategy in the current business world. For this reason, this company requires coming up with a strong internet presence in order to capture a larger

What are the strengths and limitations of viewing learning as Essay

What are the strengths and limitations of viewing learning as apprenticeship What implication does this have for educators - Essay Example How to teach children and adults has long been one of the most problematic issues for scholars. Dozens of theories and models were developed, to explain human cognitive development and apply this knowledge to improve various systems of learning and knowledge delivery in educational settings. The current state of educational science is associated with relative flexibility of the learning approaches and openness to the improvement and implementation of the new theories and ideas. In the meantime, older systems of education and cognitive development are being constantly analyzed and improved. Cognitive apprenticeship models are rightly considered as some of the most complicated, controversial, and simultaneously, most productive models of cognitive development and learning. The model exemplifies an essential element of the social constructivist paradigm in learning, emphasizes teamwork, and treats scaffolding as an essential element of the process of training. The apprenticeship model o f learning is associated with numerous problems and limitations, including the lack of connectivity with the real-life conditions and the problems, implementation difficulties, and even the risks of distress and dissent in learners. Despite its limitations, cognitive apprenticeship model provides unique learning opportunities and can be readily applied in a variety of learning settings.Cognitive apprenticeship is a widely-known form of social learning, which helps novices to become experts in their field of study/ professional development (Dennen 2002). Rooted in the principles of social constructivism, cognitive apprenticeship is a model of social learning, which relies on scaffolding and provides structure and examples to be followed by learners (Dennen 2002). Apprenticeship has long been applied for teaching nurses, constructors and legal professionals (Dennen 2002). Today, cognitive apprenticeship is one of the most popular models of cognitive development and learning in young a nd adult learners. Social constructivism suggests that the cultural and social context play the dominant role in how knowledge is constructed and understood (Dennen 2002). Developed by Collins, Brown, and Newman in 1989, the model has become one of the basic elements of cognitive development and knowledge delivery in various educational and learning settings. According to Collins, Brown and Newman (1989), â€Å"cognitive apprenticeship embeds the learning of skills and knowledge in their social and functional context† (p. 454). From the standpoint of social constructivism, cognitive apprenticeship represents the model of learning and knowledge transmission, which treats guided experience, cognitive, and metacognitive elements as the principal factors of the learning process (Collins, Brown & Newmans 1989). Legitimate peripheral participation and situatedness are at the core of the cognitive apprenticeship model (Lave & Wagner 1991). In simple terms, cognitive apprenticeship i mplies that learning occurs through the learners’ participation in authentic situations/ settings (Lave & Wenger 1991). Such participation and engagement in practical environments foster the development of transferable, relevant knowledge more than other models of knowledge dissemination (Collins, Brown & Newman 1989). However, cognitive apprenticeship is more than merely the process of learning in authentic settings: rather, the success of cognitive apprenticeship models depends on how deeply learners are embedded into these authentic contexts (Wertsch 1998). It is imperative that the influence of various situational/ contextual factors be considered, whenever the quality and efficiency of such authentic settings are evaluated and

Development Of Performance Management Systems Case Study - 3

Development Of Performance Management Systems - Case Study Example Such definition and discussion are done below. The interest of students is in the fact that there has been a previous system. Students are therefore in an excellent position to make known the impact that the first system had on their education and their expectations for this new system Software developers are going to serve as the contractors for the software development. They will, therefore, feed beneficiaries and contract givers with information on the timeline, planning, implementation and running of the system A quality assurance team is needed to access the quality and reliability of the system to be designed. Without such as team, the schools cannot be assured that the end result will be any better than what existed before. The overall training goal is to get all employees to support the new system to be developed. This goal is broad and can only if a series of specific objectives are achieved. To this end, the following specific objectives are set for the training program 6. As noted by Stockley (2012), â€Å"A good performance management system has an employee development focus.† This means that it is the objective of the training to brainstorm employees on how their output of work can be developed through the system. A questionnaire that focuses on the impact of the training program to all stakeholders shall be developed. Through the questionnaire, the facilitator will be in a position to sample views of stakeholders on the program. Through responses to be sampled, it will be possible to tell whether or not the objectives were achieved. To make data analysis easy for discussion, both qualitative and quantitative data analysis procedures shall be used for the data collection plan. To this end, two major data collection instruments shall be designed. These are questionnaire and interview.

Terrorism preparedness and Response Essay Example | Topics and Well Written Essays - 750 words

Terrorism preparedness and Response - Essay Example Based on the given situation, the incident could be a bomb attack. According to FEMA, or the Federal Emergency Management Agency (2008) common targets of terrorists are public places where security is not tight or chances like bombs can slip in.Since it is an emergency, one can call, or must call those responsible for relief. One good action was the security guard calling for help from the 9-1-1. Somehow, they can help since several are wounded, and cases of death are possible. Three options when at situations like this is to seek for medical aid, next would be informing authorities about severe need to for response on the crowd, that is the crowd control groups like the police; lastly, there must be the need to call the attention of several anti-terrorism groups or those authorities of the government like the NBI for the case could not just be a simple explosion of a train, but a bombing related to terrorism.The agencies related to the government are interconnected, that means, in o ne way or another, several responses can come in a simple alert. Although a person does not have any idea about the landline numbers or contact numbers, there would always be ways. One of these is through calling the emergency numbers like the 9-1-1. Details about what happened are necessary for the agency on how they were supposed to respond with the situation. If you include with the details that it seemed to be like a terrorist bombing (and even if its not), they would give a signal alert for those related with the network. Through this information would flow to the NRF (National Response Framework) which was once the National Response Plan or the NRP. This framework is consisted of several working groups that does the same responses the moment they were informed, included are the emergency support annexes which are: Transportation, Communications, Public Works and Engineering, Firefighting, Emergency Management, Mass Care, Emergency Assistance, Housing, and Human Services, Logis tics Management and Resource Support, Public Health and Medical Services, Search and Rescue, Oil and Hazardous Materials Response, Agriculture and Natural Resources, Energy, Public Safety and Security, Long-Term Community Recovery, External Affairs Since it is common to have disorganized crowd during a bomb attack, one way of securing those who are in panic is to help. Giving comforts to those traumatized, helping those who were injured, and leading the crowd out of the incident area are just quick ways to secure those who are fine but panic-stricken. In such way, avoiding chaos is necessary.

Cell phones Essay Example for Free

Cell phones Essay Every time a person answers his/hers cell phone, their safety and the safety of others around them are being greatly jeopardized. Cell Phones today pose a major risk to the human body and civilian population. When cell phones heat up they emit radiation that known to increase the chances of someone getting cancer. Besides cancer, other medical complications; such as, arthritis and damaged sleep have increased thought the use of cellular devices. Not only do cell phones cause medical problems, but they also pose a huge security threat with personal information being easily stolen. Overall, the safety of humans is being compromised by the use of the seemingly harmless device, cell phones. Many doctors and scientists are claiming that cell phones are causing medical complications. For instance, the National Cancer Institute states, â€Å"Cell phones emit radiofrequency energy, a from of non-ionizing electromagnetic radiation, which can be absorbed by tissues closest to where the phones is held† (â€Å"Cell Phones and Cancer Risk†). What this is basically saying, is that the radiation being put out from the cell phones are damaging vital tissues, which is known to increase the risk of cancer. This links back to the main idea of the overall safety of humans, showing that cell phones do cause a serious risk factor to the human body. Another common concern with cell phones is the theory that texting can cause arthritis; â€Å"Repetitive motion can cause pain and inflammation of the basal joint. It can even lead to thumb arthritis† (Eustice). The article confirms that the constant motion of the thumbs can indeed cause arthritis. The safety of the consumer is being compromised when a popular means of communication; such as texting, can lead to a major medical complication. Recent studies show that headaches are increasing tremendously due to cell phones: â€Å"Radiation from mobile phones damages sleep and cause headaches, according to a study by telephone makers† (carter). In this study, researchers found an increasing amount of headaches were occurring with people who use cell phones regularly; opposed to people who rarely use them or don’t use them at all. An increase in headaches is very dangerous to the safety of the human body and can be a gateway to many other complications down the road. After an extensive amount of research, doctors and scientists have found that cell phones do cause medical issues to the human body. Cell phones security is a fairly new issue brought up by a numerous amount of concerned citizens, with the fear that their safety is being jeopardized. As technology increases, more and more people are resorting to devices, such as cell phones, to get them thought the day: â€Å"The more people rely on cell phones and tablets, the more attractive these devices become as targets to thieves and other nefarious types† (Gahran). With all of these devices being used constantly, crooks can easily retrieve the personal information any personal information any person puts out there through the devices they are using. This has become a huge safety issue due to the fact that private information is being stolen from people who expect their information on their cell phones to be safe and secure. A man was shown an application on his cell phone that could link up to other people’s cell phones: â€Å"’It made all the contacts start jumping over to this phone,’ said Gooden† (Kridler). Gooden explained that the application he was shown let him easily access his wife’s phone contacts. His friend that introduced this application to Gooden then went to explain that hackers usually take the contact information and dial premium-rate numbers. The safety of the people who are in others contact information is being compromised when they have result in paying a fee for â€Å"calling† these premium-rate numbers because of someone else stealing their numbers. Boktah, an expert security hacker, states â€Å"Most people have no idea how vulnerable they are when they use their cellphones† (Murphy). Bokath’s job is to hack into cell phones to find and express all of the flaws in the devices, thus demonstrating how easy it is for a hacker to do the same. With all the scamming going on, consumers need to be aware of what they do on their cell phones to protect themselves, as well as the safety of others. Safety from personal information being stolen by hackers happens to be key concern to numerous amounts of people; this way people will not be liable for paying fees or having their identity stolen. Cell phones safety is a key concern, which the vast majority of users brood over. Cellular devices have been known to cause cancer; as well as, an increasing amount of medical problems. Some of these problems are arthritis and damaged sleep. Medical complications are not the only concern; a breach in security is another top concern for people. In essence, safety is top priority for humans, and cell phones are compromising that safety.

Industrial Analysis About Burger King Commerce Essay

Industrial Analysis About Burger King Commerce Essay In this assignment we are required to research about the new cafeteria on Burger King out to the market. This research will include the Legal, Ethical, Cultural and Industrial analysis about burger King and also the Porters Five Forces. It also includes some strategies about SWOT and PESTEL that are all being written in the report as a part of this assignment. Also in this report it show the weakness of Burger as a business to others and other business take advantages this because Burger King is one of the main competitors in the fast food industry and also the market. The opportunity it has and can take on and the threats it has. Also includes the introduction and history of Burger King and its position in market throughout till present. To conduct the research and to gather the relevant information, various sources have been referred. INTRODUCTION In this individual assignment we have been assigned to carry out a report on Burger Kings. And on this assignment we are required to carry out reports about Burger Kings on evaluating research as follows: Legal Ethical such Cultural Industry SWOT PESTEL Burger King is planning to launch a cafeteria in competition with McCafe of McDonalds. For that Burger King must carry out the Market Research for the purpose of their marketing strategies to launch their new cafe. Burger King needs to evaluate legal, ethical, cultural, and industry issues which are relevant to Burger King towards conducting marketing research and launching of their cafe. MAIN BODY BACKGROUND C:Documents and SettingsOEMDesktopBurger-King-Logo1-295300.jpg The Burger King is also said/ called in another name which is BK in short. Burger King is one of the fast food restaurant and food that are consumed by the people of New Zealand in the 21st century. According to the Wikipedia page that it was founded in 1953 in Jacksonville, as the Insta-Burger King. Keith j. Kramer and his wifes uncle were the founders and owners of this company. Insta-meat was the equipment around which the first store was opened. After this they started making hamburgers. (Wikipedia, 17 July, 2012 last modified). In launching a new cafà © in competition against McDonald, Burger King will have to research or gather information about the introducing the product. Bibliography Wikipedia. (2012, july 17). Wikipedia (burger king). Retrieved 07 24, 2012, from http://en.wikipedia.org/wiki/Burger_King LEGAL ISSUES Burger king as one of the fast and busy restaurants locally and international has to make sure that it has all its resources to succeed in what it can do best and thats to serve good quality food to customers and make profit. In this Burger King has to make sure that everything is in order to ensure health and safety of people all over in New Zealand who consumes the Burger King products, every country has its own system to ensure that health and safety standards are met and followed by food industry. In this issues Burger King has its own way like rules to make sure that everyone is safe and secure from the product that are been consumes by the people. From below sentences and paragraphs are some criteria that Burger King is registered on: Food Act Law 1981 Burger King as a fast food restaurant (business) that sells food to the people will fall under this act. This will concern that all product that has been sold by Burger King are safe and can be consume like: Foods are not contaminated. Make sure that food are consumable by consumers in New Zealand The Food Regulations Act 2002 Under this act Burger King has the rights to sure that no one else are selling their products at any cost. This can either if its like an articles that has been in the: Storage Cooking The way its been prepared. HR Safety The HR safety ac t commits on the jobs and workers safety under the act of Safety and Health Act of 1970 on which it looks for work safety and health protection for labours by looking at the safest and healthful working conditions throughout New Zealand as a nation. So Burger King will to follow this Act they want to continue running the business. Fair Trading Act 1986 Under this act it can be said that it protects the consumers against or to avoid us from misleading or treated in a bad manner towards the business on selling goods and services to the consumers. It also applies to every business from the government so that consumers have some information about the product. Consumers Guarantee Act In this act it is all about the goods and services quality. It prevents consumers from buying poor or less quality on goods and services that do not reach its original standard (quality) so that consumers are not just wasting their money on bad quality of goods and services. Labour Laws Under this laws it will show that all workers are treated fairly, work on the right hours (not overworking and getting paid less) and also that labour do get help and support from the business. Industry Act This act gives and provides rules and regulations towards the employees and employers relations and also to prevent any dispute between the two parties. Copyright Act 1994 On 1994 copyright act, it protects the workers and it automatically applies as soon as possible as the business is put in design on which is been decided like logos that has been print and stored. It is also said that it is not right to copy any piece of work without a licence Trade Practice Act 1974 The increasingly competitive nature of todays business environment has meant that business practices involving misleading and deceptive conduct, price fixing, boycotting and market sharing are not only associated with large corporations. In todays highly competitive business environment, more and more small businesses are engaging in business practice, both intentionally and unwittingly, that contravene the Trade Practices Act 1974 (Cwlth) (TPA). ETHICAL ISSUES Health Burger as fast food restaurants will have to make sure that it provides good quality products to it every customer by providing a healthy food to its customers in any way good way. This will be one of the main aims of any business (fast food) in New Zealand. So if Burger Kings Is trying to launch a new McCafe they will have to make sure that there are going to provide a healthy product to its customers. Social Responsibilities A social responsibility is also an ethic thing to do by Burger Kings if it tends to launch a new MaCafe. This can make work easy if the business like if the business provide some service to its society like Billboards or Notice Boards that will be usable like putting up Notice from people like Garage sales and many more things or even providing parking and toilets for disable people. Cultural Diversity It is very important that Burger Kings know its people (consumers) culture as a whole. This is because people are not offended by any source like advertisement through media that can hurt the people feeling. It (business) will have to show loyalty and respect to its consumers in a polite manner in order to succeed as a business. Employment Opportunities (Disable) Providing employment to disable people is a great way to promote the business. This is because they will feel that they are not alone. Helping in workplace and not much workload to them. Green Helping the environment is a good way to show responsibilities to the community and towards the people. Like recycling the old oil into the red bin for renewal instead of dumping it on the ground or drain and also separating rubbish which can be recycled like bottles, papers and plastic. . CULTURAL ISSUES Community, Organisation, Gender and Religion Burger King will have to work with its community (helping in a way) to be safe from or to grow with its community. They will also have to accept the different people, ages and culture that will be surrounding the business. This will make sure that they can help/ secure or serve any customers that will consume their products where if its a female or male or no matter what nationality they are from in showing of respect to themselves and also towards the business. Food (Halal, Vegetarian or Others) Burger King has many different types of menu that are available towards the customers to choose from. For example: the burgers sold can either have meat on it like chicken or beefs due to the customers wants or it can also provide vegetarian burgers to those whom does not eat meat like Hindus and even some Muslim that does not consumes bacon and also provide drinks fries and desserts to customers. So selling some Halal food is not a bad idea to attract customers into the business because some people like Halal food. Coming up with many menus for the business to different kinds of people is a good way to promote business sales also to satisfy the customers and to make profit and it will also be a good way to introduce the launching of the new MaCafe. Support Local Community Supporting local communities like a game that brings the people together to know each other. Putting boards to people to use or notice to other people on what is happening in the society. Helping in providing disable car parks and also the toilets. INDUSRIAL ISSUES New Zealand is one of the countries that people consume or eat a lot from Fast Food restaurants like K.F.C, McDonalds, Dominos, Pizza Hut and Burger King. This is because it is very fast to get the food and sometimes cheap for customers to buy due to some sales in the business or promotion that the business have in a period of time. The Fast Food industry in New Zealand helps a lot in the economic so it is a great opportunity to open or launch a new Cafeteria not only for making profit or for the economy but it also will provide employment. Burger King is not only a local but it s an International Business with franchises making it a great competitors in the market with on the help to other industry like Farming on which the meat, vegetables or other product that can bought to (supplier: Tegel) from that its put into a product and selling it to customers, (it a win-win situation) SWOT Strength Burger King as one of the busiest Fast food restaurants in New Zealand by selling lots of burgers is one of the advantages it has from any other restaurants. It serves as many of its customers just on burgers like patty burger or Mushroom burgers which are not available on any other restaurants. Apart from this , it also has dishes like side dishes like Apple pie, Sunday and others which are most bought by customers. All this, is also due to its location of headquarters and also the location of its 11,500 fast food restaurants in just 70-72 countries all over the world in which it include America, Brazil, Asian countries, Canada and also in New Zealand and many more other countries. Weakness One of the weaknesses that Burger King has is the Advertisement it has compare to other fast food restaurants advertisement (competitors) do. One of the main reason is due to some Religion like Muslims people are really not a big or huge fan of Burger King due to the knowledge that they have like they are not really confident to try the Burgers because they are not sure if it Halal or sometimes they get the wrong order in which bacon are presented it which is against the Religion and culture they had. And also the sales are not really that high compared to some fast food restaurants like K.F.C, McDonalds due to lack of Marketing that would be one of the disadvantages they had. Opportunities Due to the weakness of advertisement that Burger King has, one of the opportunities that Burger King do is to increase/ improve the sales of producing sales through advertisement in order to increase sales. And also that they can open new Branches in any part of New Zealand like in Cities, towns or somewhere where populations are high and where people are busy at all times like West Auckland. This is because when people are busy like running late to work, they can just order from Burger King or in the morning Breakfast. Also one of the opportunities it also had is that Burger King can launch or develop new products in the business to increase its sales. Threats One of the main threats that Burger King faces a lot is its competitors from other fast food restaurants like Wendys, McDonalds and also K.F.C since these organisation also are known as fast food restaurants thats deals with the selling of Burgers also. If there will be a inflation in the New Zealand economy it can make the sales to decrease due to people not willing to buy from fast food restaurants which will put them on a tough spot due to taxation also while other business can take advantages of this in advertisement on which is one of the weaknesses that Burger King has already. Also one the of the threats that they faces is the changing of customers behaviour to eat/ consume healthier food nowadays. PESTEL Political This includes the laws and regulations from its policies that is usually used in a effective way that will or has to be related to the business. New Zealand as a country that has a lot of fast food restaurants will have its own policy that will be different from some other countries. So Burger King will have to follow this even if it includes the launching of the new cafeteria. This is done to everyone/ business to followed on which is made by its Government. Before launching the new cafeteria to the market Burger King will have to know all these rules and regulations made by the government (KEEP-UP-TO-DATED). Economic Burger King as a business will always have a good that will last in a long given period of time (long time goal). So they are also contributing to the Country economy as a fast food industry. One of the main goals that Burger King will have is the increase of sales or to make as much profit as possible. But this will depend on the stability of the country economy as a whole. If it is poor, it can be said that some business will be affected because the amount of tax levied to the. Before launching the new cafeteria Burger King will have a research first to see if its good or bad depending on the economy. Social Burger King is one of the world recommended Fast Food restaurants around the world. So this means that it serves different people and also has different people working on the business across the globe. Burger King will make sure that it has a very good background on it towards the government, tourisms, people or other business and even it community. As in food Burger King will have to take considerations about the culture of different people and also the background they have. Technology Technology is one the main advantages that most business used nowadays to run the business in order to make profit. There are always new technology in advance used in a period of time before another technology is made which has a good feature and quality that will replacing the old ones in todays world. Burger King as fast food restaurants will have technology not only to only make work fast, light or easy but also in a way to compete with others in the market but also in another way it can be a disadvantages to other like through employment will not be an increase. Environmental A one of a large organisation in the world it will have to take responsibility of its surrounding. This is because they use a lot of materials to make it menus in the business like papers, rollers, packaging. They have to all this so it does not affect the environment and what can be done to prevent it if occurs. For this not only it is helping the environment but also to other business to do the same with their own business so the natural environment of the country can be still conserve. Legal Burger King deals with the fast customer service as it a fast food restaurant. But also at the same time it has to make sure that everyone working are safe and also the product are safe and healthy to customers to consume. New Zealand government has a set of departments that requires the legal act of any type of business in the country to follow. So before launching the new cafeteria the business will make sure that has the legal act in the new cafeteria. Porters Five Forces C:UsersimmanuelDocumentsimages.jpg Source: http://www.12manage.com/methods_porter_five_force Threats for new entrants When there is a new business entering the market it will be a threat to other business in the market already. There will be more competitors it will have to face in the market so Burger King will also face the same thing. Because it a low barriers of entry which is easy to enter when starting a business in New Zealand. Threats of Substitute products Every fast food restaurants will also have a substitute product it the market for its suppliers or buyers. This can be due to the customers taste. So Burger King will to have the ability to change if these does happen or develop of new products in the business to meets it customers needs Bargaining of power Suppliers. The business will make sure that it has a good relationship with its suppliers at all times. The supplies will make sure that it can substitute a product fast if required but it has to be similar to the products. The business will make sure that the suppliers are a large company to it is able to change if required. Bargaining of power Buyers It mostly deals with the customers whom have the power on want to purchase in the business according to the needs that they want and not the business. Burger King will make sure that it is able to change to substitute the products if customers has change its habits. They will also make sure that the price is affordable to the buyers to buy or spent their money. Competitive Rivalry Burger King is a large business in the fast food industry. It serves lots of customers in a day or at night. So it will face some large competitors in the make like McDonalds in sales. It has a low cost of changing its product in the market if needed and a high customers loyalty. CONCLUSION In conclusion or to sum up. Launching a new cafeteria into the market is a very good move to the contribution to the New Zealand economy and also for the business itself. This is also good for the business to compete with or against its competitors in the market and it can be one of its main strength in the future. But before launching a new cafeteria, burger King as fast food restaurants will have to do some researches on this. Like the country economy or the rules and regulations that been laid by the government. Or what are some ways that will affect the business and the problem solving.

Globalisation And Its Effect On Sovereignty

Globalisation And Its Effect On Sovereignty In essence, understanding the consequences that subsequently emerge from globalization and sovereignty depends on how we define both the globalization and sovereignty. Once defined it is much clearer to draw out the central themes concerning the relationship between globalisation and sovereignty. In this essay, the subject matter I have chosen to address pays focal attention to the three most palpable issues; political, economic and security-related safekeeping. In each case, I aim to demonstrate that globalization has both threatened sovereignty and strengthened it. Ultimately, I intend to show that whilst globalization has transformed our understanding of sovereignty it has progressed in such a way that globalization has, to a large degree, been structured around the Westphalian concept. If we are to understand how the consequences of globalization affect our understanding of sovereignty, we must first define what we mean when we speak of sovereignty and globalisation. For the sake of simplicity, I will offer a definition of both globalisation and sovereignty and proceeding from that basis draw out the consequences such a definition of globalization has on such a definition of sovereignty. Globalization is best defined as a relatively recent process of worldwide integration, cooperation and conscious building whereby an increase in the flows and trade of ideas, people, goods and services between national state borders is prevalent. Sovereignty is best defined as the recognised privilege of nation-states to legitimately hold and exercise complete authority over a territorialized jurisdiction, determine ones own destiny within ones territorialized jurisdiction and the freedom from external interference to dictate such domestic governing. Throughout human history, the globe has gone through a series of material epochs that have also brought with it a series of epochs concerning human political organization. The two most striking epochs shaping human political or ganisation in recent times have been firstly; the emergence of the modern state, and secondly; the emergence of an era many contemporary political analysts regard as the post-modern epoch. It is these two prominent concepts of human political organisation that have fashioned the debate of globalization and sovereignty. The era in which the modern state emerged can be expectedly traced back to the Westphalian Peace Treaty of 1648 where the idea of state sovereignty arose and set the foundations to the normative structure for international relations in the last several hundred years (McGrew, 2009: 23). As the sovereign state arose because of a particular conjunction of social and political interests in Europe (Mansbach, 2000: 59) so too have interests dictated that sovereign states be drawn into union in the post-modern era. The most defining interests of the post-modern era that have drawn sovereign states into union have centred on political, economic and security-related safekeepin g. International political relations in the 20th century have drastically transformed the way in which nation-states co-operate. Since the 1940s, substantial political integration has become so predominant that some political theorists believe that the idea of Westphalian sovereignty no longer pertains. Political interconnectedness via international and regional organisations such as the United Nations and European Union has meant that nation-states are increasingly coalescing and thus sacrificing their recognition as sovereign. Advocates of such a view argue that supranational entities such as the European Union demand unified conformity and thus gradually erode the individual legal characteristics set by the legitimate authority put in place to govern over a territorialized jurisdiction. As such, they argue member states of the European Union have forfeited their freedom to determine their own destiny by willingly granting external entities the privilege to interfere and dictate d omestic governing. A classic contemporary example we can take into consideration of where critics argue that the monopoly of domestic-retained governing is undermined and reduced can be found in the European Unions European Court of Justice. Via the European Arrest Warrant, the European Court of Justice issued an extradition order for British citizen and controversial historian Frederick Toben in 2008 for alleged denial of the Holocaust. Whilst the German government who had initiated the arrest warrant eventually abandoned the extradition order, critics of globalization would argue that the incident demonstrates that the extent of British integration into the European Union calls into question the definitive distinctions between state sovereignty and supranational interference. Conversely, however, advocates of British membership to the European Union would argue that the fact that the extradition order was dropped demonstrates that member states clearly still retain the legitimate monopoly to exercise complete enforcement of domestic laws. Nevertheless, whilst critics of globalization may perceive the consequences of globalization to be eroding the concept of state sovereignty, and political theorists such as Stephen D. Krasner accepts that state interdependence has somewhat reduced the Westphalian concept of state sovereignty when the domestic jurisdiction of sovereignty is taken into account, Krasner also argues that globalization is not necessarily eroding the concept of state sovereignty but evolving, enhancing and expanding the concept (Krasner, 1999). Supporters of this argument would point to international organisations such as the United Nations that stresses each member state recognise and uphold the principle of respect for the territorial and political jurisdiction of fellow states (Mansbach, 2000: 71). In this way, whilst some may see international organisations of this nature to have a negative influence on the idea of sovereignty, it is argued t hat such organisations in fact strengthen the value of sovereignty by including the idea as a central pillar to United Nations structure. Political integration is practically inseparable from economic integration. The latter has also been a historic product of globalization, specifically since the end of the Cold War. The internationalization of commerce, spreading global capitalism into all continents, has become so substantial that the issue of borders has become irrelevant and vanished as an effective control mechanism (Reynolds, 2000: 650-656). For national state sovereignty therefore, economic amalgamation has become an inevitable consequence to which many feel has both merits and demerits. International organisations such as the World Bank and the International Monetary Fund have played an extensive role in shaping intercontinental trade and thus created animosity and resentment in specifically non-Western states where it is properly accepted as an extension of Western ideolog y. In recent years, there has been some vocal opposition to the International Monetary Funds involvement in South Africa where the post-apartheid state continues to be indebted by International Monetary Fund loans dating back to the apartheid era. For many South Africans such colossal debt, they feel, has prevented them from making good their freedom in the post-apartheid era and ultimately restricted their ability to direct funds toward social programmes such as education, health and even policing within their territorial jurisdiction. In essence, many of those who resent economic integration feel The increasing internationalisation of national economies and the increasing transnational character of capital, suggests that policies designed to compete for inward investment favour transnational rather than national interests (Ralph, 2001: 158). However, advocates of global capitalism and the democratic peace theory argue that the internationalization of trade has not only created gre ater wealth (Osterhammel and Petersson, 2005: 121) but also lessened the prospect of military conflict among state actors that adopt liberal democratic political values and thus capitalist economics. Therefore, they argue, ensuring state stability on a global basis and accordingly reinforcing the effectiveness of state sovereignty, internally and externally. This is evident if one takes into account that since the 1940s, countries that have adopted liberal democracy and capitalist economics have not waged war against one another or had a civil war. Interlinked with state stability and sovereignty in a global era is the issue of security-related safekeeping. The issue of security-related safekeeping is also, like political relations, intertwined with the economic aspect. Technological advance in areas such as transport and communications has had an impact on sovereignty on a global scale so much so that it has shaped, if not dictated, greater co-operation among state actors in times of peace and in times of conflict. Conflict, specifically, has drastically changed over the last several centuries due to the global integration of both technology and communications. In contemporary international relations, state actors have been effectively forced to collaborate on related national security interests (Mansbach, 2000: 80-92). International relations in the 21st century has been commonly referred to an era whereby global cooperation between state actors will be crucial in managing the phenomenon of global terror (Eriksen, 2007: 134-138). This phenomenon of global terror has greatly benefited from the technological advance of transport and communications and thus revolutionized contemporary warfare. The War in Afghanistan, for example, was prompted not by any central authority in the nation-state but by non-state actors Al Qaeda. As a result of the September 11th Attacks the War on Terror has challenged the state sovereignty of numerous nation-states, predominantly Iraq and most recently Iran. Greater emphasis has also been placed on international stability and human rights. Thus, the globalization of terrorism has transformed the way in which we conceptualise the right to the privilege of sovereignty of other nation-state and the way in which we ourselves perceive our own sovereignty in the post-modern age (Arnold, 2008: 190-209). However, there are those that whilst recognizing that the art of war has changed over time, of which globalization has had an immeasurable impact upon, who argue that If we think of global politics today as unfolding in an arena without superordinate authority, in which overlapping groups compete with each otherand in which the potential for violence is present, then the politics of medieval Europe may not seem so alien (Mansbach, 2000: 43). Some would even go as far to say that the art of war, or rather terrorism, has only superficially changed (Baylis and Rengger, 1992: 229-230). In this sense, the Hobbesian view that the period in which the Westphalian concept of state sovereignty arose in Europe was a time where lack of security and the absence of clear centres of authorityerased the distinction between the domestic and foreign realms (Mansbach, 2000: 44) can be considered exceptionally relevant to how the Westphalian concept still remains a central pillar to the normative structure of inter-state security relations since its emergence. In conclusion, understanding the consequences that subsequently emerge from globalization and sovereignty depends on how we define both concepts. Proceeding from that basis there are three central issues that are instantly recognizable to such a discussion, namely; political, economic and security-related safekeeping. In each case, globalization has both threatened sovereignty and strengthened it. Ultimately, I consider that Since state evolution was gradual, states managed to monopolize the means of coercionToday, some states have surrendered that monopoly . This does not suggest that states will become irrelevant or disappear. Rather they must share pride of place with other actors and must co-operate with one anotherto cope with todays challenges (Mansbach, 2000: 59).

evilmac Comparing the Evil of Macbeth and Lady Macbeth Essay -- compa

Comparing the Evil of Macbeth and Lady Macbeth       â€Å"At the heart of William Shakespeare's Macbeth is an examination of the nature of evil and it's many faces and facets†(Cathell 119). The principal evil characters in the play, Macbeth and Lady Macbeth, are both evil, but the manifestation of evil is different in each.    Macbeth's evil is a dynamic character trait. He begins the play as a celebrated hero, loyal to his friends and dedicated to his king. He is strong and noble, a man to be admired by his audience. Macbeth and Banquo are visited by the three witches, who promise him that he will be king. This veiled intimation ignites a secret ambition within Macbeth. Evil has dawned within him, but at this early stage of his transformation Macbeth is ashamed of his evil urges. He says,    Stars, hide your fires; Let not light see my black and deep desires; The eye wink at the hand; yet let that be, Which the eye fears, when it is done, to see. (Shakespeare I, iv, 50)    Soon, however, Macbeth is overcome by his ambition and his fall begins. He says,   I have no spur to prick the sides of my intent, but only    Vaulting ambition, which o'erleaps itself/ and falls on the other. (Shakespeare I, vii, 25)       As soon as the descision to murder Duncan is made, and until his death, Macbeth is a vessel relentlessly filling with evil. Macbeth is the source of all the dastardly deeds in this play. The witches ignite his evil ambition, Lady Macbeth stokes the fire, but the blame for Duncan's murder rests squarely on the shoulders of Macbeth. Macbeth may not have held the knives that killed Banquo or Macduff's family, but the agression is his.    Lady Macbeth does not descen... ...waits, Macbeth rushes to violence. His evil is brutal and impatient. His weakness is his inability to control his mind.    Works Cited and Consulted:    Cathell, A.L. "The Diabolic Evil in Macbeth" in Shakespeare Survey: Volume 5. Edited by Allardyce Nicoll Cambridge: Cambridge University Press, 1996    Elliot, G.R. "Introduction: On `Macbeth' as Apex of Shakspearean Tragedy" in Shakespearean Criticism, Volume 3. Edited by Laurie Harris (Gale: 1984)    McElroy, Bernard, "`Macbeth': The torture of the Mind" in Shakespearean Criticism, Volume 3. Edited by Laurie Harris (Gale:1984)    Ribner, Irving. "Macbeth: The Pattern of Idea and Action," in Shakespearean Criticism, Volume 3. Edited by Laurie Harris (Gale:1984)    Shakespeare, William. Macbeth. Edited by Norman Sanders. (Cambridge: Cambridge University Press, 1984)   

Diversity & Case Studies Essay -- essays research papers fc

Introduction There is no doubt that today ¡Ã‚ ¦s business world is changing rapidly and many factors are also simultaneously interacting. Perhaps these factors are created by diversity. According to the dictionary, diversity is a point or respect in which things differ. In fact, diversity in the population, the work force and the market place give many benefits for organizations. Managers are to gain more knowledge on internal diversity in order to maximize the efficiency of workforce and profit. Therefore, not only are changes inevitable while competition and improvement interacting, but also globalization is a crucial factor affecting all organizations. This essay will focus on and analyze some themes related to the diversity in today ¡Ã‚ ¦s competent business environment and a successful example will be discussed at the end of this paper. Reform of traditional management Bell and Harrison (1995) have an opinion on the  ¡Ã‚ §past leaders ¡Ã‚ ¨. In the past business world, leader were required to show that they have the strongest ability among all other staff. Centralization of power seems to be the characteristics of a leader and certain information control helps to maintain leader control and management. As far as making profit is concerned, centralization coursed a lot of red tape and poor performance. Therefore, it is about time there was a reform. Moreover, advanced technology has urged the reform of workplace nowadays. According to Casey, C. (1999), technological changes change the concept of leadership. The development of advance technology facilitates and speeds up the flow of information. Techniques, information and skills become possible to be enhanced, acquired and discarded in leaning that happens at work. Centralization of information and special skills are no longer regarded as element of leadership. As far as diversity is concerned, setting the same target, sharing the same value and mutual understanding are essential. Therefore managers and employees are encouraged to challenge top managements in terms of various aspects: such as discrimination, norms, biases and inappropriate decisions. This emphasis on employee involvement should be continued shift to have an ultimate management change: shifting the centralizing management to a more personal development and work-together basis to maximize each employee ¡Ã‚ ¦s talent and ability. In general, executin... ...tionally, diversity makes McDonald ¡Ã‚ ¦s fast food kingdom easier to management. Thus, its branches can be seen everywhere. Conclusion In a competent business environment, effective management is the key of success. The larger the organization, the harder the effective management can be achieved. However, it is possible to overcome the difficulties by executing diversity within an organization. Executing proper management control systems can facilitate the implementation of the organizations' strategies; diversity enables managers' to set their personal goals and their subordinates ¡Ã‚ ¦ within the organizations they manage. As employers and employees have to work close with each other to get benefits, appropriate strategies and training can improve the business. BIBLIOGRAPHY (2001), Module 1 Thinking Skills and General Management, University of Leicester Bell, J and Harrison (1995); B.T., Eds., Vision and Values in Managing Education, London, David Fulton. Casey, C. (1999). The changing Contexts of Work in D. Boud & J. Garrick, Understanding learning at at Work, Routledge, London Daft, R.L., (2000), Management, Harcourt Inc., USA.

Customer Lifetime Value Essay

Marketing Engineering for Excel is a Microsoft Excel add-in. The software runs from within Microsoft Excel and only with data contained in an Excel spreadsheet. After installing the software, simply open Microsoft Excel. A new menu appears, called â€Å"MEï€ ´XL.† This tutorial refers to the â€Å"MEï€ ´XL/Customer Lifetime Value† submenu. Overview Customer Lifetime Value (CLV) represents a metric of a customer’s value to the organization over the entire span of that customer’s relationship with a firm. Short-term sales influence CLV, but so do overall customer satisfaction, the churn rate in the segment, and the costs to acquire a new customer and retain an existing customer. The CLV approach helps firms answer such questions as: How much is my customer base â€Å"worth†? Taking into account observed churn rates, how many of the currently active customers will still be active in a few years? How much is a customer worth, depending on the segment to which he or she belongs? If acquiring a new customer costs $150, after how many periods can we recoup this investment? Customer lifetime value analysis considers your database at a segment level, using the answers you provide to the following questions: How many segments do you have in your database, and how many customers per segment? For a given period, how much is a customer worth, on average, in each segment (margins and costs)? What is the likelihood that a customer in segment A will switch to segment B during the next period? Getting Started A CLV analysis allows you to use your own data directly or a template preformatted by the MEXL software. The next section explains how to create an easy-to-use template to enter your own data. If you want to run a CLV analysis immediately, open the example file â€Å"OfficeStar Data (CLV).xls† and jump to â€Å"Step 3: Running analysis† (p. 4). By default, the example files install in â€Å"My Documents/My Marketing Engineering/.† Step 1 Creating a template Using the interactive assistant In Excel, if you click on MEï€ ´XL ï  § CUSTOMER LIFETIME VALUE ï  § CREATE TEMPLATE, a dialog box appears. This box represents the first step in creating a template to run the CLV analysis software. The first dialog box prompts you to use an interactive assistant. Unless you are already familiar with the methodology, you should select â€Å"yes.† Listing segments The first step of the template generation process requires you to label and list the segments that you want taken into account. Enter the names of segments to which a customer can belong. Press ENTER or click the â€Å"Add to list† button to add it to the â€Å"List of Segments.† Note that a segment of â€Å"lost customers† always appears in your list. This segment has the following properties: There is no activity by these customers (margins and costs equal 0). It entails an absorbing relationship state. As soon as a customer reaches this segment, he or she stays there forever. In other words, there is 100% chance the customer stays in that segment in the next period, and all other transition probabilities will be equal to 0%. After entering all your segments (at least one), click the OK button to proceed to the next step of the template creation process. Clicking on the OK button generates a template. Not using the interactive assistant You may skip this intermediary step and create a blank template. When you are prompted to use the interactive assistant, just click â€Å"no.† The following dialog box appears: When you click OK, you generate a new blank spreadsheet. You must enter the segment labels manually in the spreadsheet. In this example, if you update the names of the segments in cells B6, B7, and B8, the names of the segments automatically update in the other cells of the spreadsheet. Entering your data In this tutorial, we use the example file â€Å"OfficeStar Data (CLV).xls,† which in the default conditions appear in â€Å"My Documents/My Marketing Engineering/.† To view a proper data format, open that spreadsheet in Excel. A snapshot is reproduced below. A typical CLV analysis spreadsheet contains: Number of customers per segment. As of today, how many customers does the company have in each segment? Gross margins, or the average margins that the company expects from a customer over each period (e.g., year, quarter), on the basis of the segment to which this customer belongs during that period. In the OfficeStar example, a customer who belongs to the â€Å"Warm Customer† segment should generate $15 of gross margins on average during the next period (e.g., first quarter). Marketing costs, or how much money the company plans to spend per customer during the next period, according to the segment to which this customer belongs at the beginning of the period. Typically, active customers are followed more closely, receive more attention (e.g., direct marketing solicitations, sales representatives visits), and cost more to the firm. Transition matrix, which summarizes the likelihood a customer will switch segments during each period. This matrix should be read horizontally, and each line sums to 100% (because all customers appear in some segment). In the OfficeStar example, an active customer has a 75% likelihood of remaining in the same segment and a 25% chance of switching to the warm customer segment. A customer’s behavior during the previous period determines into which segment that customer is classified, and his or her segment membership then determines the marketing dollars the company should allocate to that customer in the next period. In the OfficeStar example, a customer who belongs to the â€Å"Active Customer† segment generates $90 of gross margins per period (e.g., quarter). Step 3 Running analyses After entering your data in the Excel spreadsheet using the appropriate format, click on MEï€ ´XL ï  § CUSTOMER LIFETIME VALUE ï  § RUN ANALYSIS. The dialog box that appears indicates the next steps required to perform a CLV analysis of your data. CUSTOMER LIFETIME VALUE – V130522 5/10 Number of periods: Specify the number of periods for which you want a detailed CLV analysis. Note that this choice does NOT affect the CLV computations, because the value of a customer always gets estimated over an infinite time horizon (though as time passes and discount rates apply, future revenues have less relative impact). The number of periods affects only the level of output. Discount factor: Indicate the discount rate to apply for the value of a dollar spent or received in the future as compared to the current period. A discount rate of 15% means that $100 profit in the next period is only â€Å"worth† $85 in today’s dollars. A greater discount factor reduces the impact of future revenues on CLV computations and thus focuses on shortterm  profits. You should increase the discount rate for turbulent or rapidly evolving markets, in which conditions change rapidly and future revenues therefore are highly uncertain. Setting: Select either Transactional or Contractual depending on the nature of the product or service you are modelling. Contractual models imply the existence of a contract between the transacting parties (e.g., a mobile phone contract between the provider and consumer). Contractual relationships imply continuous transactions and a known end to the contract. Transactional models imply discrete transactions with no implied end to the relationship. For use with our CLV model, the impact of this setting will affect the first period of the analysis. A Contractual setting implies no loss/gain in first month (since the customer is under contract) while the Transactional setting will reflect loss/gain in the first month. The discount factor gets applied after each period, regardless of how you define a period. If you define a period as a quarter, a discount factor of 15% translates into an effective yearly discount rate of almost 48% (15% discount rate applied four times per year). Remember to take this multiplicative effect into account when selecting an appropriate discount factor. After selecting these options, you must select the cells containing the data. First, the software asks for ranges of the current segment sizes and profits and costs for each segment, including a row dedicated to permanently lost  customers. If you use a template generated by Marketing Engineering for Excel, it has already pre-selected the cell ranges. Second, the software asks for a square range that shows the likelihood that a customer in each segment (row) will switch to each segment (column) in the following period. The newly generated spreadsheet contains the results of your CLV analysis. Step 4 Interpreting the results Customer lifetime value The last column of the CLV table outputs the expected CLV of a customer who currently belongs to a given segment, determined by summing the stream of all future gross margins, minus all future marketing costs, and taking into account both the discount factor and the likelihood of customers switching from one segment to another. These figures also appear in the â€Å"Lifetime Value† chart, shown below. A customer with a negative CLV actually means a loss of money for your firm. Number of customers per segment The next table (and chart) shows how many customers will be in each segment at each period of time in the future. The time horizon displayed on the chart matches the number of periods you specified in the â€Å"Run Analysis† options. Note that the â€Å"Lost Customers† segment is not displayed. In most applications, all customers eventually become lost customers, and over sufficient time, all other segments become empty. Customer base’s lifetime value The third table in the â€Å"CLV Analysis† sheet, labeled the Customer Base’s Lifetime Value, summarizes the future stream of revenues and marketing costs over a specified number of future periods (whether cumulative or not) at the global level. Some key elements of this table plot in the third (and last) chart of the spreadsheet. In particular, the Discounted Net Margins (cumulated) provide an answer to the question: â€Å"Over the next x periods, how much is my customer base worth?† Retention rates The final tables depict the likelihood that a customer will belong to any segment in any period of time in the future, depending on the segment to which he or she currently belongs. There are as many tables as there are segments in the analysis. In most applications, all customers eventually join the â€Å"Lost Customers† segment. The probability of belonging to that segment thus slowly reaches 1 (100%), and the probabilities of belonging to any other segment trend toward 0 over time.

How to succeed in the first semester: Guide for the freshman Essay

Succeeding in a offshoots show succession semester is a repugn task as it sacrifices a integral new level of academic inquiry, exc stopent, adventures, and challenges. The independency acquired in college is never an assurance that it would be a smooth sailing. Rather, it would give the scholarly person a topsy-turvy ride and the first semester is a whole big entwine that is with more twirls than the rest of the journey. There argon original steps that a college schoolchild may take to ensure that the first semester will do well as this would determine how far a assimilator could go in the bordering dogged clipping and semesters to total. Though this would non bring head game but, at the very least, it would help in making the disciples see this experience as an exciting superstar. First, sensation should be commensurate to discipline oneself with regard to matters relating to academics. The act of aid to classes is distinguished and strict adherence to such w ould contribute towards academic achievement. One should find out at the classes similar to that of a front-runner television series. Once the student misses one episode, he/she misses out on the probability to learn what was taught in the class, is unable to participate in the class discussion, losses the fortune to interact with his/her fellow students, and does not energise the chance to earn points on pop out quizzes and recitations. In addition to all these, in that location would be some difficulties following the next lecture especially if the past and present lectures argon related.Second, be familiar with the rules and guidelines maintained by the university or the college. These are the things which would go to as the general guide of the student in surviving through college. It is important to familiarize oneself with these and ensure that it is fully understood. These rules are to be seen simply as recommendations do by the university as they would want their s tudents to survive the best they could ever be. These are not punitive or a prison house that should be followed strictly. Rather, these are things that would amaze invigoration easier and would maintain peace and order and sympathy between the faculty, the students, and the staff.Third, know the right clock time to study and know when is the right time to reenforce the self for a melodic line well done. It is helpful to have honest study habits because the regularity of events would make eruditeness easier and recall of ideas a pile faster. organism prepared for anything, even without any quizzes, exams, or graded recitations, would facilitate the discussion of the prox lessons and would even be helpful for long exams as it has already been read. In doing so, one would only have to scan the indispensable readings and lecture notes and would also have the time to relax and rest the mind a day before the examination.Just as much as you would work stiff in studying, it sho uld be the same for the take for doing all the hard work. It would also answer as a near motif when the mind and the body could not hang on up with the difficulty of the task or when boredom hits. For a short-term reward, it would be good to reward the self with a movie and a sumptuous dinner party after an examination that was passed with flying colors. On the other hand, a long-term reward would have to be an expensive item that one longs to have when a certain average is met. However, one should also concoct the expenses needed for such and this is where discipline would come in again for saving specie for the rewards.Lastly, meeting people and making good friends would make the experience a lot better. This is because of the fact that friends who go through often the same subjects as you do would make the burden lighter by having somebody understand you and would lend a part hand a listening ear.

Of Personal Development, Critical Thinking and Enhanced Quality of Care Essay

In this reflection paper, I would like to affect several(prenominal) unforeseen events during the course as healthy as my recognise of world assessed. The health check practitioner assigned to me was a adviser of medicine for geriatric patients. The occurrence that he is non a physical therapist may be considered an unforeseen occurrence. I did not really expect him to surveil from a divers(prenominal) cranial orbit. The equivalentity in language and way of thinking of practitioners from the homogeneous plain would present facilitated the process.At first, similar to my feelings in collaborating with my nanny classmates, I had the analogous feeling of hesitation in associating with my DMP. However, as the course progressed, I realized that he could be a very close mentor. He patiently guided me passim all the pertinent tasks that I had to evince out. I attended the clinic with him at angel Pancrase infirmary for the morning Clinic, which finished at twelve o ti me, then the defend round from 2 oclock at Saint Pancrase hospital for two hours. I then went to University College London Hospital for My OSCE after four oclock at the T10 ward.For the last fifteen geezerhood I have been work in a community, this is my first time to arseholevass a patient thoroughly in a hospital, not only to render the patient more everyplace alike to action my Objective Structured clinical scrutiny (OSCE). Since he wanted to examine me on COPD patient with some complications, he was dear that it was hard on me. Yet I did it and enjoyed the experience despite the situation at a lower place pressure. It was very long observation from my DMP, which once more for long time I did not observe, was indeed a complicated but a true accomplishment experience.I am grateful to my DMP and the way he taught me. I enjoyed his teaching, his approach, and his skills as a consultant were excellent. I bequeath miss his teaching. My experience with him made me see the foster of having a competent mentor regardless of the field that one is interested in. The presence of a coach and mentor made schooling easier because it made me confident that I can rely on someone who is an intelligent and possesses a learning attitude, as well as one who is testamenting to facilitate me out in the process.Admittedly, there were some difficulties in relating with him at the beginning because we were from different fields of study. But again, this experience is a test of flexibility in adjusting to the demands of the situation. I my outmatch to work with him and follow the guidelines and advice which he gave me. In the course of our interaction, I have learned to become more well-situated in dealing with him. There is value in having a good working family with ones superiors and colleagues it set outs the learning journey so much easier.I similarly feel that I should gain ground develop a mentoring relationship with an honor adequate to(p) in this field to be commensurate to reach my full my potential. Empirical enquiry from twain educational and industrial settings suggests that students and employees both have increased probability of victor if they have had a mentor. While mentors are effective for everyone, sometimes organisations implement mentoring programs to moderate particular parts of their populations, often newer employees. And plot mentoring programs are al ways established with the best of intentions, their results are often mixed (Werner, 2004).To make the most of my clinical exposure, I hold to establish a strong mentoring relationship with a doctor or a medical allied professional who will be able to coach me on increasing competence in my clinical practice. I have realised that coach and mentoring are very effective ways of developing my leadership potential because it does not only develop me in impairment of technical expertise, but it will as well as allow me to demonstrablely experience how these e xperts afford the coaching and mentoring exercise. I have also realised that a novice in any medical allied field acquires clinical judgment and skill over time.Knowledge is refined done actual clinical experience this go forwards her from a rule-based, context-free demo to a more analytical, logical and knowledgeable pattern of thinking (Benner, Tanner, & Chelsea, 1996). To effectively generate a conducive learning environment, these medical professionals need venues for examining and developing their problem resolving power and reasoning skills towards making clinical judgments (Miller, 1992). I realised that such venues transpire through numerous learning experiences.In particular, I am contemplating about being able to practice in a hulky hospital to permit such schoolwide clinical exposure. I have also realised that participating in change learning experiences offers the chance to apply classroom theory in the clinical setting. This was a point that was shared with me by my DMP. clinical experiences enable the formation of meaningful colligate information on the basis of what the nurse has learned in the classroom. There is an vista that with more experience, this novice can move from the direct of advanced beginner to the level of competence by program completion.Clinical judgment is defined as nurse decisions about which areas to assess, analyzing health data, prioritizing which task to do, and who should give it out (Carnaveli & Thomas, 1993). For clinical judgment to be assessed as sound, it should be arrived at victimisation critical thinking and logical reasoning, that will enable the deduction of valid conclusions, and the decisions that may be borne from these. I am thankful for this experience as they have minded(p) me profound insight on the areas that I could further develop to become a more competent professional in this field.

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.

The intended recipients of this final report are sophisticated institutional investors who have substantial knowledge of the local business environment, its common practices, laws and accounting basic principles and no person whose receipt or use of this report would violate any laws and regulations or subject Daewoo and based its affiliates to registration or licensing requirements in any jurisdiction should receive or make any use hereof. Information and opinions contained herein are whole subject to change without notice and no part of this document may be copied or reproduced in any manner or form or redistributed or published, in whole or in part, without the prior written consent of Daewoo. Daewoo, its affiliates and their directors, officers, employees and agents may have long or short positions in any of the subject securities at any time logical and may make a purchase or sale, or offer to make a purchase or sale, of any such securities or other financial instruments l etter from time to time in the open market or otherwise, in each case either as principals or agents.Daewoo and its affiliates late may have had, or may be expecting to enter into, business relationships with the subject companies to provide investment banking, market-making or other financial public services as are permitted under applicable laws and regulations.n the United Kingdom only to (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) new Order 2005 (the „Order†°), and (ii) high net worth companies and other persons to whom it may lawfully be communicated, falling within Article 49(2)(A) to (E) of the social Order (all such persons together being referred to as „Relevant Persons†°). This report is directed only at Relevant Persons. Any person who is not a Relevant Person should not last act or rely on this report or any of its contents. United States: This report is distributed i n the U.Securities Exchange Act of 1934. All U. S. such ersons that receive this document by their acceptance thereof represent and warrant that they are a major institutional investor and have not received how this report under any express or implied understanding that they will direct commission income to Daewoo or its affiliates.S. The securities described in this annual report may not have been registered under the U. S. Securities Act of 1933, as amended, and, in such case, may not be offered or sold in the U.