Wednesday, July 31, 2019

The Ship of Theseus

ABSTRACT: Endurantism and perdurantism are theories that describe how objects can persist through time. These theories will be used in an effort to solve a puzzle that has been dated all the way back to the first century: the Ship of Theseus. It will be determined that the two theories fail in solving the Ship of Theseus puzzle. According to Brian Garrett of Australian National University, metaphysics is concerned with the nature and identity of objects. 1 In order to increase understanding of the identity of objects, puzzles of constitution and identity are used by philosophers.There is a puzzle common in metaphysics: the Ship of Theseus, which was believed to be recorded by Plutarch in the late first century2. It is complex puzzle that consists of three different scenarios. The first scenario depicts a ship being dismantled and then rebuilt. The second scenario portrays the ship being completely remodeled. The third scenario is a mixture of the previous ones that have the ship bein g completely remodeled, but the removed planks are used to construct another ship. In order to solve this puzzle, one must be able to identify which ship is the Ship of Theseus.Philosophical theories can be used to solve philosophical puzzles such as this one and there are two theories that exist that help one understand how objects persist through time: endurantism and perdurantism. According to endurantism, ordinary objects are wholly present at each moment of time at which they exist3. In perdurantism, objects are four dimensional entities that consist of temporal and spatial parts and these objects persist by having different temporal parts at different times4. Once one has knowledge of endurantism and perdurantism, the theories can be used to solve puzzles such as the Ship of Theseus.However, in this paper, it will be shown that the puzzle of the Ship of Theseus cannot be solved using endurantism and perdurantism. This is because attempts made by endurantists and perdurantists result in unintuitive consequences. This will be done first by explaining and assessing endurantism and perdurantism. Then it will be shown that the two theories fail in solving the Ship of Theseus because of problems that are encountered. After that, the Extensionality Principle will be discussed, which is used by perdurantists as a criterion for identity.It will be determined that this principle is also flawed and is also unable to give an account for the identity of objects. Firstly, endurantism is the view that physical objects are three-dimensional and move through time. They are wholly present at each moment of time at which they exist. For example, if a man was born in 1975, attended kindergarten class in 1980, and graduated from high school in 1993, endurantists would claim that this man was wholly present at each of those different times. He will continue to wholly exist in the future as well.Primary motivation for this theory is that it is a more conventional view and is m ore in conjunction with believed upon ideas about the world. For example, when a woman is talking to someone, she believes that she is talking to that person as a complete object, wholly present; as opposed to just a temporal part of an object. The theory of endurantism has been explained. It must be noted, however, that this theory holds that two numerically distinct, but wholly present objects can co-exist for some of the time or at all times.Brian Garrett says that this hinders the authenticity of endurantism because the statement is strange5. Perdurantism does not have this problem. The theory of perdurantism is the view that ordinary objects are four-dimensional and are composed of temporal parts. An object is not wholly present at every possible time at which it exists because only its temporal parts exist. In the previous example, when the man is born, or attends kindergarten, or graduates from high school, the man is not wholly present according to perdurantism.Instead, it i s the man’s temporal parts that existed during those events; the man itself exists as a four-dimensionally extended whole. Primary motivation for perdurantism is that this theory is able to account for change within a physical object because the objects are four-dimensional. On the contrary, endurantism does not have this luxury. Perdurantism is also primarily motivated by how it better accommodates Albert Einstein’s theory of special relativity. There are problems that arise if both endurantism and special relativity are true. According to Steven D. Hales and Timothy A.Johnson of Bloomsburg University, â€Å"it would be misguided to argue† for endurantism because special relativistic effects â€Å"are negligible at human speeds†. 6 The theory of special relativity does not allow for endurantism because of how it requires objects such as humans to move through time at a slower speed than the speed of light. Given that special relativity is a widely accept ed theory, perdurantists have strong motivation to prove their view7. Secondly, even though endurantism and perdurantism help explain the persistence of objects over time, neither view is able to solve the puzzle of the Ship of Theseus.In the Ship of Theseus, there are three different scenarios. In the first scenario, the Ship of Theseus is dismantled and then rebuilt with each plank being returned to its original location— we’ll call this ship Y1. In the second scenario, the ship is completely remodeled with an entirely new set of planks— we’ll call this ship X1. In the third scenario, two ships are involved. The ship from the second scenario (now called ship X) is present, but an entirely different ship that is being constructed out of the planks that had been removed (called ship Y) is also present.In order to solve this puzzle, the Ship of Theseus must be identified. However, flaws in endurantism are shown by how the endurantist must deny that Y1 is e qual to Y. This is done in order to respect the necessity of identity and non-identity which states that if x = y, then necessarily x = y8. However, what this entails is that one could claim that if the removed planks had not been replaced in the third scenario, then ship Y would not have existed and instead ship Y1 would have existed. This means that the existence of ship Y or Y1 entirely depends on whether or not the removed planks were replaced.Brian Garrett refers to this consequence as â€Å"strange† because â€Å"we don’t think that the existence of a particular ship (or of anything else in space and time) depends on what happens in a region of the universe which exerts no causal influence on it†9. This is a flaw for the endurantism theory because it denotes that an object’s existence is dependent on an event that has no direct influence on it. Furthermore, perdurantism also fails in correctly solving the Ship of Theseus. According to perdurantism, the third scenario involves the presence of two ships prior to the repair of the Ship of Theseus.They are overlapping one another. This represents that the ships have a common temporal segment where they are basically one and the same ship. After the repair, the two ships separate with one being ship X and the other being ship Y. The problem, however, is that one cannot think that there are three possible outcomes anymore. One cannot think that the future of the Ship of Theseus will be the same as that of the ship in the first scenario, the ship in the second scenario, or the ships in the third scenario because each of the ships are distinct from one another.This is a problem, according to Garrett, because people â€Å"could sensibly wonder† if the future for the Ship of Theseus will be like any of the three scenarios when it is being constructed10. He means that ordinary people should be able to think about the Ship of Theseus and think about what future it might behold. How ever, the theory of perdurantism must deny that three possible futures are available for the ship. As a result, we are left with either believing that people are not able to wonder about the ship’s future (which cannot be true) or perdurantism is unable to solve the puzzle of the Ship of Theseus.Moreover, perdurantism fails in solving the puzzle because of the name: ‘Ship of Theseus’. It has been discussed that the Ship of Theseus has a temporal part where there are two overlapping ships. However, which of the two overlapping ships is the actual Ship of Theseus when the name is being called? This is a problem because both ships cannot be called the Ship of Theseus. Perdurantism cannot account for this confusion. This shows that perdurantism is unable to solve the puzzle of the Ship of Theseus.Overall, the theories of endurantism and perdurantism have been explained and it has been shown that both theories are unable to solve the puzzle of the Ship of Theseus. How ever, there are criterions for identity that exist that could provide a criterion of identification for objects through time. One criterion for identity that will be talked about is the Extensionality Principle; it is used by perdurantists because it is a criterion of identity for four-dimensional objects11. The Extensionality Principle, according to Garrett, states: if x and y are objects with the same proper parts, then x=y.This means that if two different objects have the same properties, then the two objects are the same12. However, there are flaws in the Extensionality Principle that causes it to fail in providing a criterion of identification. According to Lecture notes, in order for objects to be identical, it is not enough for the object to have all the same parts. This is because the parts of identical objects must be related to each other or arranged in a certain order13. Therefore, a problem arises regarding temporal parts of an object. How do the temporal parts have the proper order?As a result of this problem, the Extensionality Principle must be revised. But if it is revised, according to lecture notes, the principle will no longer be an extensional principle14. Furthermore, there is no explanation as to why time would provide the correct order for temporal parts of an object. These problems show that the Extensionality Principle fails in providing a criterion of identification; and this harkens back to how the puzzle of the Ship of Theseus cannot be solved. It has been shown that the puzzle of the Ship of Theseus cannot be solved.This was first determined by explaining the theories of endurantism and perdurantism and revealing the primary motivation for each of them. These theories depict how objects persist through time; yet, the theories cannot be used to correctly solve the Ship of Theseus puzzle. Lastly, the Extensionality Principle was described and it was shown that the principle was unable to solve the Ship of Theseus puzzle. As one can s ee, the Ship of Theseus is a difficult puzzle to solve and it has been around since the late first century. Will there ever be a theory that correctly identifies the Ship of Theseus once and for all?

Tuesday, July 30, 2019

Study Guide Huckleberry Finn

1. How does Huck solve the problem of forgetting his name? Bets Buck that he can't spell his name, and does, so then he knows his name – George Jackson 2. What does Huck think of the Grangerfords? Of their home? He thinks their home is really nice and he really likes the family 3. Huck often makes interesting observations. His comment on Emmeline Grangerford is, â€Å"I reckoned that with her disposition she was having a better time in the graveyard. † What does this shows about Huck? She focused so much on death and people dying that he figured she was in the place she always wanted to be, she was happier there. 4. Why had Emmeline died?Sickness Chapter 18 1. What is the cause of the feud between the Grangerfords and the Shepherdsons? It's been going on for 30 years, no one remembers what started it, beyond a legal dispute over land 2. Which side started the shooting? Jason Zhang's side 3. Why is Twain so vague about it? No one can remember how or why the feud started, but in the last year, two people have been killed, including a fourteen-year-old Grangerford. The two families attend church together and hold their rifles between their knees as the minister preaches about brotherly love. 4. Buck tells Huck, â€Å"There ain’t a coward amongst them Shepherdsons – not a one.And there ain’t no cowards amongst the Grangerfords either. † What are the drawbacks to this sort of courage? 5. Why is the topic of the Sunday sermon â€Å"satiric†? the sermon was about brotherly love, and the 2 families are killing each other in a feud 6. What has happened to Jim since the last time Huck has seen him? Jim followed Huck to the shore the night they were wrecked, but did not call out to him, for fear of being caught. Some slaves found the raft Jim was on, but he reclaimed it by threatening the slaves and saying it belonged to his white master. 7. What does Miss Sophie do? runs off with Harney Shepardson . What happens to the var ious Grangerfords? Sophia Grangerford runs off with one of the Shepardsons and a gunfight ensues that kills some of the Grangerfords. 9. What does Huck do? Chapter 19 1. Read aloud Huck’s description of river life that begins, â€Å"Two or three days and nights went by; I reckon I might say they swum by, they slid along so quiet and smooth and lovely. † What causes Huck’s new appreciation of life on the raft? the peacefulness of the river, the scenery, the beauty, the ease of living 2. The peaceful interlude on the raft is disturbed by the arrival of the duke and the dauphin (the king).Describe these two â€Å"rapscallions. † liars, con-men, running away from people 3. When the duke and the dauphin first got on the raft, why did they talk to each other and ignore Huck and Jim? They are trying to out do each other in rank to decide who is in charge and who will sleep under the tent. 4. Huck says, â€Å"It didn’t take me long to make up my mind that these liars warn’t no kings nor dukes at all, but just low-down humbugs and frauds. † Why does he pretend to believe them? Huck quickly realizes that the two men they let onto the raft are liars, but to prevent â€Å"quarrels,† he does not let on that he knows.Chapter 20 1. How does Huck explain Jim to the duke and the king? He tells them that his family was hit by a steamboat while they were riding down the Mississippi, and that only he and Jim survived. 2. How do the king and duke treat Huck and Jim? Duke and King has treated Huck and Jim as their own personal servants. Rate This Answer 3. What does the king do at the camp-meeting? cons people for $87 pretending to be a reformed pirate 4. How does the duke arrange for them to travel in the daytime? This chapter paints a fuller picture of the two hitchhikers that Huck and Jim have taken aboard.You will remember that the Gragerfords were first characterized through their possessions. How are these two men drawn? prints a reward poster for Jim & they tie him up so it looks like they are returning him Chapter 21 1. What are the king and the duke getting ready for? performing a play – Romeo and Juliet 2. what kind of a town is Bricksville? Not a good place always looking for lynching someone. 3. Why had Boggs come to town? to kill Colonel Sherburn. 4. What did the â€Å"loafers† think of Boggs’ threats? do not take his threat very seriously, 5. Describe the murder of Boggs.Col. Sherburn shoots him down while he is drunk 6. How did the townspeople react to the murder? They are going to lynch Col. Sherburn Chapter 22 1. Why did the â€Å"Lynching Bee† fail? Because Sherburn tells them they are not men, just a mob and cowards. 2. What does Sherburn think of the men in the mob? Sherburn says the men in the mob are â€Å"beneath pitiful-ness†. Sherburn thinks the men are cowards. 3. Is he right? 4. Sherburn’s speech is the only place in the novel where the point of view shifts for nay length of time. Why, at this point, does Twain let Sherburn take over?We need Sherburn to speak because he is a MAN, Huck wouldn't be able to have the same effect on the reader. 5. Why does Huck enjoy the circus so much? pleasant relief from the king and the duke and the problems helping Jim escape. 6. How successful is the Shakespearean Revival? The Shakespearean Revival that is put on by the duke and the dauphin in The Adventures of Huckleberry Finn is not very successful. The characters don't really care if it's successful though as they are using it for a cover to scam people. 7. How does the duke plan to get an audience for the low-comedy presentation? 8.Compare the incident at the circus with the shooting of Boggs. In what ways are the situations similar? How does Huck’s response differ from the crowd’s in both instances? They are both drunk, they are both in danger. With Boggs, he is curious, with the circus he's afraid for the man Chapter 23 1. Why doesn’t the audience â€Å"take care of† the king and the duke after the first performance? 2. What happens on the third night? 3. Discuss Huck and Jim’s comments on royalty in this chapter. Is it believable for Huck to know so much history? Explain. 4. Why is Huck amazed at Jim’s mourning his home and family? 5.What does the story of ‘Lizabeth show about Jim? Chapter 24 1. Why is Jim dressed up like a sick Arab? 2. Huck’s last statement in this chapter is, â€Å"It was enough to make a body ashamed of the human race. † What is Huck talking about? 3. How does Twain make it believable for the two rogues to impersonate the Wilks brothers? Chapter 25 1. Huck describes the tearful scene at the Wilkses as the most disgusting thing he has ever seen. Does he mean only the king’s performance? 2. Why does the king give the money to Mary Jane? 3. Have the â€Å"rapscallions† hood-winked everybody? Chapter 26 1. Wh at decision does Huck make? . What are the plans of the king and the duke? Chapter 27 1. Where did Huck hide the gold? 2. Describe the undertaker. 3. Where is the humor in Huck’s observation, â€Å"There warn’t no more popular man in town than what the undertaker was†? 4. How are the king’s plans progressing? Chapter 28 1. What is special about Mary Jane? 2. Why is she the only person to whom Huck tells the truth? Chapter 29 1. Why do the men decide to dig up the corpse? 2. Huck concludes the chapter by saying, â€Å"So I wilted right down onto the planks then, and give up; and it was all I could do to keep from crying. † What’s bothering Huck?Chapter 30 1. Why are the king and the duke fighting? 2. Why do they get back together? Chapter 31 1. What do the king and duke do to Jim? 2. Why does Huck write Miss Watson? 3. Why does he tear up the letter? 4. Huck has rebelled against civilization before. At Miss Watson’s he smoked, played h ookey, and left his room nights to sleep in the woods. What is different about this decision? 5. Tearing up the letter to Miss Watson has been described as one of the great moments in American history. A southern boy breaks free of the social convention that surrounds him and risks his soul to free a Negro slave.Why is Huck just the boy to tear up that letter? 6. Discuss the implications of Huck’s conclusion, â€Å"All right, then. I’ll go to hell. † 7. Huck again encounters the duke. What happens? Chapter 32 1. What is Huck’s new name? 2. Why is that convenient for Huck? Chapter 33 1. Why is Huck surprised at Tom’s willingness to rescue Jim? 2. Why is Tom willing to do it? 3. What new identity does Tom assume? 4. How does Huck feel when he sees the king and duke tarred and feathered? 5. Do they deserve his pity? 6. Why is Huck so annoyed with his conscience? 7.Does the fact that both Tom and Huck are on the plantation add to or detract from the pl ot? Chapter 34 1. How did Tom figure out where Jim was? 2. Compare Huck’s plan for freeing Jim with Tom’s 3. What does Huck think of Tom’s fancy touches? 4. What are the dangers of Tom’s approach? 5. Some critics think that Jim’s rescue is an inappropriate ending to the novel. They wonder how Huck, with his new maturity, can consent to Tom’s foolish scheme. Do you agree with these critics? Why or why not? Chapter 35 1. What is the whole chapter, â€Å"Dark, Deep-Laid Plans† about? Chapter 36 1.Huck says, â€Å"When I start to steal a nigger, or a watermelon, or a Sunday-school book, I ain’t no ways particular how it’s done so it’s done. † How would Tom feel about this statement? 2. Why does Jim agree to go along with everything? 3. What’s Nat’s problem? Chapter 37 1. What is the topic of conversation at the breakfast table? 2. How does Tom manage to get the things he needs for the escape? 3. D escribe the baking of the witch pie. Chapter 38 1. What is the irony involved in the fetching of the grindstone? 2. Why does Tom try to talk Jim into keeping a pet rattlesnake? Rats? . What purpose does this chapter serve? 4. Describe Jim’s ordeal. Chapter 39 1. Why does Tom write anonymous letters? 2. What does he say in them? Chapter 40 1. What does Huck find when he goes into the setting-room? 2. When the butter melts down Huck’s face, what does Aunt Sally think it is? 3. What one thing really goes wrong in the escape? 4. When Huck says, â€Å"I knowed he was white inside, and I reckoned he’s say what he did say,† what is he talking about? Chapter 41 1. Why doesn’t Huck go with the doctor? 2. How does he explain his absence to Uncle Silas? 3. What is Old Mrs.Hotchkiss’ theory? 4. Why doesn’t Huck go check on Tom that night? Chapter 42 1. Why don’t they hang Jim? 2. What does the doctor think of Jim? 3. What does Tom tell Aun t Sally? 4. Why had Tom worked so hard to set Jim free when he was already free? 5. Who arrives on the scene to really straighten things out? Last Chapter 1. What were Tom’s plans concerning Jim after he was free? 2. What does Huck find out about his father? 3. Does it seem right that Huck has been an orphan all along? 4. Where is Huck bound for at the end of the novel? 5. Why does Huck reject civilization?

Monday, July 29, 2019

Research paper Example | Topics and Well Written Essays - 2500 words - 15

Research Paper Example This is born out by the tremendous gains that Roman civilization made during his reign, even though much of it came on the heels of a dictatorial style of leadership (Barret, p. 608). This paper will demonstrate the historical relevancy of Julius Caesar, his accomplishments, and the lessons to be learned from ancient civilization and culture. Even from an early age, Caesar was extreme popular within Rome. In addition, he developed a political acumen that would serve him well for his entire career, and garner the support he needed to push Rome into a new era of modernity for the time. One of his primary contributions to the growth of the Roman Empire rests in his ability to expand the regions that Rome had influence over, in addition to establishing more of an imperial type of system. These concepts would serve as the model for territorial expansion throughout much of the world for much of the next millennium. It is important to note that Caesar was not always a person of privilege. While he was born into a family of aristocrats from Rome, history tells us that his family was of relatively minimal means. The father of Julius Caesar actually died when Caesar was only 16 years old, and he remained very close to his mother. As a result of his relatively poor upbringing, however, Cesar spent much of his youth in unstable surroundings. He would remark later in life that even Rome contributed his own sense of instability, as the country was truly is a relative state of constant disorder, even though it was already of enormous stature within the region. Roman had begun to discredit their own nobility, and they were not focused enough on territorial expansion to truly be able to deal with it enormous size and influence throughout the ancient world. In essence, this reveals a truth that we realize even today. The larger a country grows, the more organization and focus is required to drive future

Sunday, July 28, 2019

The Oil Product Research Paper Example | Topics and Well Written Essays - 2000 words

The Oil Product - Research Paper Example This research paper focuses on a topic of oil and it's impact on history and modern economy. The benefits of oil as a valuable product cannot be ignored. The potentials of oil to transform the economies of countries that are oil-exporters are made clear in the case of Middle East. Since the discovery of oil, the economies of the region’s countries have been highly transformed, as a result of the high volume of funds retrieved through the oil export. A key fact revealed through the literature reviewed in this research paper is the following one: oil production could not support the economic growth of all Middle East countries since not all of these countries have oil reserves. It has been also made clear that the contribution of oil in the development of economies of countries of Middle East that are oil-exporters has not been equal; in each case, the ability of local political powers to manage the production and the export processes has affected the level of benefits of oil fo r the country involved. This essay analyzes the level at which oil production in Middle East countries can support the growth of local economies is differentiated, being influenced by various political and economic interests. In this context, the researcher suggests that the value of oil as a product cannot be standardized even in countries that have been involved in the oil production process for many decades, such as the countries of the Middle East region that were used as example in this research paper.

Saturday, July 27, 2019

Fatigue problems facing pilot crewmembers in today's aviation world Essay

Fatigue problems facing pilot crewmembers in today's aviation world - Essay Example Fatigue has significant physiological and performance consequences because it is essential that all flight crewmembers remain aware and play their role in flight safety by their observations and actions. As fatigue is a safety concern, this discussion will describe the symptoms of fatigue along with its physical and psychological effects specific to airline pilots. Fatigue is a normal response to many conditions customary to flight procedures because of the sleep loss due to erratic shift work and long duty rotations. Many factors can contribute to fatigue in the commercial aviation environment but the term, ‘fatigue,’ has yet to be defined in a tangible manner. In reference to human functioning capabilities, fatigue refers to deterioration in human performance, arising as a consequence of several potential factors, including sleepiness resulting in a decreased ability to maintain function or workload due to mental or physical stress. Sleepiness has a less ambiguous definition. â€Å"Sleepiness, according to an emerging consensus among sleep researchers and clinicians, is a basic physiological state (like) hunger or thirst. Deprivation or restriction of sleep increases sleepiness and as hunger or thirst is reversible by eating or drinking, respectively, sleep reverses sleepiness† (Roth et al, 1994). The term has been descri bed as a range of experiences such as sleepy tired or exhausted. Sleep loss and circadian rhythm interruption, (a disturbance of the normal sleeping pattern), are the two major physiological phenomena that have been demonstrated to create fatigue. The only effective treatment for fatigue is adequate sleep (Caldwell, 1997). Many conditions contribute to fatigue including the length of time awake, the amount of continuous time doing a task, the lack of sleep and circadian rhythm disruption. As fatigue progresses it is responsible for increased errors judgment, followed by

Friday, July 26, 2019

Discuss the ways in which contemporary organisational theory can be Essay

Discuss the ways in which contemporary organisational theory can be read as criticism of organisational theories developed in the course of the 20th century - Essay Example During the early 20th century the imperialist era started while the situation then demanded the workers of revolutionary and the new type parties are said to be capable to lead then bring the completions which was then victorious as the struggle that is against bourgeoisie preserving the rule and then set up the repressive ramification with state apparatus, the military machine which is said to be powerful and the means in economic, political and ideological for the purpose of disuniting as well s disarming with those people who are working. The workers of new type are said to be capable in order to lead the class who are working and not to be advanced as well as organized and conscious part in politics with the class considerably working but also in the organization as the highest form that directs all the proletarian organizations with all forms of struggles by the proletariat. There is also evolution of capitalism during the 20th century with pre-monopoly capitalism that becomes v ery imperative with the said working class raising the This is also the period that marked the struggle which is against the right line of opportunist in terms of International leadership in order to build the revolutionary parties that is proletarian capable to lead the socialist revolutions in terms of the countries classified as the capitalist imperialist and the revolutions that are said to be democratic in Asia, African and those countries who are said to Latin-American under the oppression and plunder while both the revolutionary trends may form the integral parts of the world as the revolution in socialist area as well as the organization and at the same time leading the proletariat with the toiling masses in terms of democracy and of course socialism. The struggle was then experienced on all the fronts under the CPSU leadership leading to the great victory regarding the Revolution of October while forming the Third International as well as the communist parties' formation that happened and experience all over the world which was then surrounded with the class as revolutionary and organizational mass. The adverse were said to be the real break through from the stagnant period facing the movement of revolution by the first decade of the 20th century. The trade unions was then organized as part of the said activities which was then during the period while Lenin was able to write the Trade Union Organizations considerably of tremendous value that served the development as well as the economic struggle consolidation but became very important in terms of auxiliary in agitation for politics and the organizational revolution and those right who are Contemporary Organizational Theory P

Consulting critical path analysis Case Study Example | Topics and Well Written Essays - 750 words

Consulting critical path analysis - Case Study Example duce products that are innovative in the real sense which is wasting a lot of resources and time of the company, therefore this should also be looked at and the company should come up with a better plan of where and how to invest the capital. All these steps are vital to be carried out in an order so that the company can benefit from them. The first step towards coming up with an optimal solution would be to find a common ground for both the technical and sales team. This has to be done in order to work collaboratively with more resources to help solve the case. The technical and the sales team might seem an odd couple, but these days a product’s success depend upon the cooperation, ability, and willingness of the teams involved in it. Despite the differences between the technical and sales team, they are more linked then they actually think. In order to achieve success for themselves it is important that they work together for the success of the product, or a strategy in this case, from product launch concept to its implementation both of the teams’ efforts are required. Therefore, it is important that this not so odd couple be realized that there is only one way to conquer their common goal; to work together. Once both the teams realize the common ground between them, the strategy formulation stage wou ld be made easy and highly productive. (Kelly, 2002) The second stage that needs to be undertaken is the research stage. The case presented states that there has not been enough research done on the following issue, and without much analysis the consultants have highlighted the high volume of the products as the main reason for the decline in sales. Therefore, it is important to be sure of the issue and do additional research for that matter. In the research stage, the research teams carry out a consumer survey to find out their preferences and come forward with solid results supported by genuine facts and figures. If still the result is the same then the next

Thursday, July 25, 2019

A Web Site Essay Example | Topics and Well Written Essays - 500 words

A Web Site - Essay Example Once a user is logged in, he is presented an array of interests in the form of multiple pictures. Each picture contains a title word that relates to the interest that is depicted in pictorial form. Most photos contain deeply rich colors that are both appealing and relaxing to the eyes. Below this arrangement of pictures appears a bar that is indicator of the progress that a user makes while selecting the pictures to demonstrate one’s areas of interest. That background of the page is plain; a feature that ensures undivided attention of the user on the interests that are presented before him. Pinterest serves the purpose of keeping track of the interests that a user displays during his activities on the internet. User’s dashboard is divided into five columns which is an extremely clever arrangement as it allows presentation of maximum information on the display screen at any moment. However, the columns may not be scrolled up or down individually; a feature that may possibly add to convenience of use. On top of the page is a horizontal bar that provides the option to search for interests or people while using Pinterest. This bar is static / frozen and does not scroll when the user scrolls the page. The purpose is to make it readily available for use whenever the need arises. Since information in Pinterest is derived from multiple sources on the Web, no specific color scheme can be followed here. However, as the user moves around using his touchpad or mouse, three main options appear on each element of interest that is shown. These include ‘Pin It’, ‘Send’ or ‘favorite’. Since the purpose of website is to keep track of the interests of users, these options provide ease of use that is extraordinary. Overall, the site appears to be extremely dynamic; new interest related information is presented every time the page is refreshed. Additionally, Pinterest presents the source of information

Wednesday, July 24, 2019

Liberty of Conscience and Individuality Essay Example | Topics and Well Written Essays - 1750 words - 1

Liberty of Conscience and Individuality - Essay Example He might have put much focus and contribution in his own country for his fellow countrymen, but this has influenced leadership of nations across the globe. The liberty of every person is an essential factor for governance; as one is able to demand their right as well as play a role in the way they are governed by freedom of speech and demonstration. In this essay am solely going to expound on what Mill advocated for in his quest for liberty in his country as its written in his book On liberty. Mill had a strong believe on the liberty of an individual and had his strong points to back his reasoning at such a time when many governments were transitioning and locked out any idea of a person trying to criticize or influence other citizens. One of his greatest opinions was on the fact that there should be different experiments of living. This was based on the fact that human beings are flawed in their way of acting and reasoning, but this should not be a determinant of what they could be permitted to do or not to do. He argued that opinions of any individual should be done in action as long they did not interfere with the lives of others around them. To him as long a person’s opinions could be freely formed and expressed, so should be his actions on the same opinion. According to Mill societies had to factor this opinion in action the same way they had considered it just as an opinion. He stated that if an individual chooses to follow his opinion in what he/ she believes is right, they should be allowed to put into action. Actions meant that an individual could do whatever he/ she values to be right and justified as long as they never complicate the lives of others around them. According to Mill, the process of taking opinions into another level which was action had to be acceptable by the fact that a number of characters about an individual are not likely to harm others around him/

Tuesday, July 23, 2019

Business Strategy Essay Example | Topics and Well Written Essays - 2000 words

Business Strategy - Essay Example This is the primary reason why management could not passively deal with the issues that concern the employees especially when dealing with the retail practices of business (Leat, 2001, 21). True, the situation of different organizations around the globe today are indeed changing massively, thus making it harder for their management teams to adjust on the said needs that they are supposed to adjust upon. As for a fact, decision-making is a major factor of management that requires adjustments in terms of actual application. People of different races intend to expect different things from the management Hence, it is then very important how effective management procedures could be affected by research procedures as per based in the theories of managing that shall be discussed within the following paragraphs of this paper. Along with this, the application of strategic choice in the different management activities that are to be handled for discussion shall also be tackled so as to know ho w it is possibly true that strategic choice becomes an element that subjects the business to different issues. As mentioned earlier, management requires one to be skillful enough in facing the different changes that the international set of business procedures offers the said systems of organizational operations. Hence, it could then be noticed that the management procedures accompanied by research yields better results on the part of the employers, the employees and the profit that the organization itself makes from the operations that it takes. Moreover, as research procedures aim to increase the knowledge of the people or the managers at that with regards the situation, the more they become competent in doing the job that they are supposed to complete. Through strategic choice application, most managers try to choose the right kind of solution that they ought to apply within certain situations. The examination of the different procedures by which managers

Monday, July 22, 2019

History of Movie Theaters in Louisiana and the Surrounding Area Essay Example for Free

History of Movie Theaters in Louisiana and the Surrounding Area Essay When we think of the history of the traditional, American movie going, a number of images come to mind: the mighty organ accompanying a movie palace’s silent-era feature, the Iconic searchlights proclaiming a Golden Age Hollywood premiere, teenagers cruising at the local drive in, an audience of otherwise sensibly attired adults wearing cardboard, and young adults carrying five dollar bills to the Cineplex at the end of the mall in order to see the latest sequel. But while these iconic, even stereotypical, images suggest something of the truth behind the American movie theater’s history, they also omit much of the social reality that has co-existed along with these instances of the mainstream filmgoing experience. While Hollywood features and first-run urban theaters may have greater single importance than any other mode of exhibition, a number of other important alternatives have fleshed out audiences’ encounters with film. One such alternative, with a fascinating yet understudied history all its own, was the Black movie house circuit that existed in the United States from (at least) 1907 until the 1970’s (Crafton 412). With the project in mind of examining the cultural, social, and economic history of Black film theaters. I will discuss in this essay the development of Black film theaters in Austin, Texas, focusing especially on that city’s longest standing and most prominent â€Å"show†, the Harlem Theater. Although movies came to the Texas capital before the turn of the century and all-movie theaters began to proliferate there during America’s post-1905 nickelodeon boom, the first recorded â€Å"colored† film theater – the Dixie-Dale – opened in Austin in 1920 under the management of Joseph Trammell. I found no other details about Trammell or the Dixie-Dale, but it is recorded that after two years the theater was renamed the Lincoln and managed by A. C. Lawson until it closed in 1928 or 1929. Austin also supported a second Black movie house in the 1920s. The Lyric, which opened in 1922, just one block east of the downtown Lincoln, was owned and operated by Dr. Everett H. Givens, a practicing dentist (with an office next door) who would become Austin’s most prominent Black civic leader from the 1930s until his death in 1962. For reasons unclear at this point, Dr. Givens’ Lyric, which changed its name to the Dunbar when A. C. Lawson took over its management in 1929, survived the Lincoln by a few years, closing in 1931. Whether the fist Black film theaters in Austin closed due to the Depression, the cost of converting to sound, or some other reason, is impossible to judge given the paucity of data available about these enterprises. However, placing the existence of the Lincoln and the Lyric in the contexts of both African American life in Austin and the concurrent national Black film theater scene enhances a historical understanding of these two houses both as business and as entertainment venues. From a national perspective, we know that the motion picture theater, with its roots in the Jim Crow era, had always been subject to racial segregation. Sometimes Black patrons were restricted to balconies or other special sections of the theater, but Black-only theaters were common in the United States from at least 1910, a year when a Black newspaper in Washington wrote matter-of-factly that â€Å"there are separate motion picture theaters among the whites and blacks in this country†(Washington Bee 4). Although at the turn of the century â€Å"there was hardly a theater for colored people in the entire United States† (Negro Yearbook, 24), by 1925, there were at least 425 Black theaters (of all types), virtually all of which offered films â€Å"in whole or part. Of these, nearly half were, like the Lyric and possibly the Lincoln, Black-owned (Negro Yearbook, 379). But ownership of Black movie houses, in contrast to the first-run, White theaters of the day, was not done by regional or national chains, nor by affiliated circuits; because houses operated independently, the dynamics of local conditions of affected theaters like the Lincoln as much as national structure did. Historically, social and economic conditions changed greatly for Austin’s Black movie houses appeared. During and after Reconstruction, Black neighborhoods had existed in several locations around Austin: Clarksville in west Austin, Kincheonville to the south, Gregoryville in East Austin, Masontown in the southeast. Horse’s Pasture and Wheatville to the north, and so on (Austin American-Statesman, D41). Compared to other towns of the time, particularly in the South, race relations were fairly calm, albeit within the practice of institutionalized racism. The town boasted â€Å"three colleges and institutions for colored people,† maintained some neighborhoods (such as Masontown) that were racially integrated among Blacks, Whites, Hispanics, and Asians, and in general obtained a reputation as a town without the major problems of racial violence that plagued most American communities. But during the ‘teens segregation patterns began to develop’ (Freeman). In 1919 a White representative of the young NAACp was beaten by a White mob in the middle of downtown, and in the 1920s â€Å"the city of Austin created a ‘Negro district’ in East Austin†¦ inducing blacks to move there† by implementing though zoning laws elsewhere (Austin American-Statesman, D41). So it was that the majority of Austin’s African American population (which has consistently remained at just below 20 percent of Austin’s total) became concentrated in an area east of downtown and between 12th Street to the north and 7th Street to the south. Not surprisingly, then, both of Austin’s silent-era Black theaters were built on East 6th Street, near the racial dividing line of East Avenue, within the only downtown shopping and dining district that served Black patrons, yet away from the White theater district on the city’s main thoroughfare of Congress Avenue. I could uncover little information, however, that would indicate the nature or reception of these early movie houses. Longtime Austin resident I. C. Jones recalled visiting the Lincoln as a child, where he remembers a piano player accompanying the motion picture entertainment. Lonnie Bell, who wrote for the Black press in Austin for 50 years, indicates that in the 1920s both the Lyric and the â€Å"Lawson Lincoln Theater† were among the very few venues for Black entertainment in the city and so â€Å"did well before the Great Depression in ’29. † (10)Other information about Everett Givens also indicates that he made the Lyric/Dunbar into a focal point for the Black community, viewing the theater as a civic improvement projects as much as a business investment. Flachmeier 32) That these two movie houses were well received an supported by the Black community can also be inferred from the fact that a 1940 account of Austin history prepared by students at Tiltson College (a Black institution) referred to the era of 1905 to 1929 as a time when â€Å"privately owned amusement centers were developed† by Blacks – even though no other Black amusements of second were instituted during this period (Brewer 34). As I mentioned earlier , the cause for these theaters’ demise cannot be established absolutely, but several factors undoubtedly offer reasonable explanations. Bell’s assertion that it was the economic devastation of the Depression that closed the Lincoln and Dunbar makes logical economic sense. Black theater owners, like even the big-time operators, would have been hit hard as the US economy collapsed. Moreover, inasmuch as movie tickets are purchased with â€Å"disposable† income, Black patrons would have been especially likely to curtail their moviegoing since even before the Depression Blacks in Austin earned only one-half the wage of White workers. More specifically, both houses in Austin would have found it even more difficult to cope with the hard times if they attempted to make the costly transition to sound technology in the late twenties or early thirties. The Dallas Film Board o Trade’s statistics on Texas theaters indicate that many theaters, especially independently operated ones, closed in the early thirties, having no sound. (In Austin, two of the five White houses, the Crescent and Star, also went out of business in 1929 to 1931. Furthermore, one-third of Texas’ 30 â€Å"colored theaters† were listed as â€Å"closed, no sound† by the mid-1930s. Other factors may have led to the closure of the Lincoln and Dunbar, but, given the theaters’ dependence on the patron-age of a small, economically marginalized population, in the midst of a severe depression their failure is not surprising. But the history of Black film theaters in Austin did not end with the closing of the Dunbar in 1931. In that same year, real estate was purchased and construction begun on a new movie house that would serve as the hub of Black filmgoing in Austin for the next 40 years. The Harlem Theater, which opened on October 5, 1935 (Green 9), distinguished itself from the earlier theaters – and all subsequent ones – by being located in the heart of East Austin, at 1800 E. 12 Street, where it could better attract Black moviegoers. However, before discussing the reasons for the Harlem’s longevity, I point out that although it was Austin’s only exclusively Black theater, it was not without its competitor for Black audiences. All accounts of Austin in the 1930s and forties agree that the Ritz Theater was the only other house that admitted Black patrons on a regular basis, though customers there were limited to balcony seating and made to use a separate entrance. The Ritz, located on the same block of East 6th street where the Lincoln operated, opened in 1930 under White management, showing a variety of second-run Hollywood films. Manager J. J. Hegman (and his son after him) maintained the segregated seating policy until the Ritz’s closing in the early 1960s. More prominent Austin houses, such as those first-run members of the prestigious Interstate Theater Fircuit (the Paramount, Texas, State and Queen), advertised â€Å"colored midnight shows† from time to time as part of the chain’s overall marketing scheme (1942 Yearbook). Thus, while there was some competition for the Black filmgoing audience, segregated, White-managed theaters did not attempt to offer African Americans the filmgoing experience and environment of an all-Black house like the Harlem; however, the Ritz balcony and special events at other White movie establishments did continue to cultivate and maintain Black filmgoing in the Depression, when no Black Austin theaters were open. Harlem were filled by Black employees with the single exception of the projectionists. But for a small neighborhood theater like the Harlem, any sort of product differentiation whether it was with films, live acts, or ambience would have failed to produce enough box offices for the theater’s survival. As with any theater, the bulk of the profit came not from fifteen and twenty-five cent admissions, but from concessions. On this count, the Harlem again distinguished itself as unique among Austin theaters. In addition to the usual popcorn, candy and soft drink sales, the Harlem Theater operated a confectionery. When the Harlem opened in the midst of America’s Depression in late 1935, the theater soon established itself as one of Austin’s most visible and stable Black-owned businesses. In film industry terms, the Harlem’s success was small. With only 14,000 African American residents in 1935, Austin’s marketplace for Black films was extremely limited, and the theater never expanded nor led to a chain of others. But, through a combination of strategic location, product differentiation, managerial conservatism, and diversification, the Harlem Theater was able to become a profitable local business in the midst of an industry whose structure tended to favor national giants. Like the Lyric before it, the Harlem was established by a middle-class, Black Austin native who had been educated at Tillotson College and operated successfully in other local business before embarking on a risky career in the amusement industry. But George F. Jones, who was already in his forties when he opened the Harlem, also had some experience in programming films for Black audiences. His older brother Evie had purchased an Edison projector in the ‘teens and traveled to tent shows in the South and Black churches in Philadelphia showing â€Å"church movies† (that is, filmed passion plays) to all-Black audiences. After college, five years as a postal clerk, and ten years as a bookkeeper. George F.  Jones himself had worked as the head of Prairie View, Texas’ Auditorium (a film theater) while employed as a clerk at Prairie View State College (1925-35) (Brewer 7). With his wife, Sadie, a Prairie View graduate and educator, Jones was active in the Austin real estate market and their â€Å"co-partnership† became known for â€Å"accumulating valuable real estate holdings. † For the last two decades of his life Jones devoted most of his efforts to managing the Harlem, setting up residence next door to the corner theater upon his return to Austin from Prairie View. While his establishment may not have been unique for its time (there were more than three or four hundred Black theaters in the country), the Harlem was remarkable for being only one of seven US theaters owned and operated by Blacks (The Early Days in East Austin, D42). As an experienced theater manager, real estate buyer, and member of Austin’s African American community. George Jones no doubt realized the importance of the theater’s strategic location in determining its success at attracting movegoers. East 12th Street was essentially the Main Street of East Austin (Early Days in East Austin, D42). The area around the Harlem represented a microcosm of African American life: it was both a quiet neighborhood of residences, churches, grocers, drug stores beauty shops, and cafes, and a place to be â€Å"going up on the cuts† – a street where the action and entertainment were, in the form of taverns, beer joints, and (a block away) the Cotton Club and Paradise Inn for music and dancing. The Harlem was also part of â€Å"The End,† that area around 12th and Chicon Streets (one block away) where Austin’s streetcars, until their cessation in 1940, stopped and turned back toward downtown. In essence, those factors which determined that White theaters were centrally located along Congers Avenue – transportation proximity, pedestrian traffic, shopping convenience, high visibility – similarly made East 12th the choice location for a successful Black movie house.

Sunday, July 21, 2019

Good Writing A Predictor Of Academic Success English Language Essay

Good Writing A Predictor Of Academic Success English Language Essay Good writing is important skill for young people, as it is a predictor of academic success, for successful career and a basic requirement for participation in civic life. (Murray 2004) Most contexts of life (school, the workplace, and the community) call for some level of writing skill, and each context makes overlapping, but not identical, demands. Proficient writers can adapt their writing flexibly to the context in which it takes place. That is why all students need to become proficient and flexible writers. Finding a good topic is one of the hardest parts of learning to write. And, unfortunately, every writer runs into it right at the beginning. thats why it is necessary to know strategies that will always give many good topics to choose from. In all subject areas, a student needs to develop skills for getting what they know about a topic down on paper, and generating ideas or finding additional facts. He also needs skills to check whether their writing is on-topic and fulfills its purpose. Further, they need to be able to explain the writing assignment and the process they are following to effectively complete the assignment. To write a good essay a student needs to know how to organize what they have learned about any topic or assignment into a well-structured whole. In longer writing assignments, he needs to know how to create a strong, focused introduction that catches the readers interest; how to link ideas in logically connected paragraphs that contain enough supporting detail; and how to conclude with a strong ending. It is difficult to start writing an essay , for example, without a central idea and notes to support it. Often, the more detailed an outline, the easier is the writing. People frequently find that they can finish faster by writing a first draft quickly and then editing and revising this draft. In my opinion students learn to write by writing, so they need regular opportunities at school and colleges to write in all subjects. A consistent approach to the writing process in all subject areas and explicit instruction on the writing process by the subject teacher help students become better writers. Models of good writing in the subject area, and feedback that is constructive and formative, are critical to students growth as writers. The pre-writing strategies Writing is the final step of several separate acts like note-taking, identifying a central idea, outlining, drafting and editing. The first step is pre-writing that is the formulation and organization of ideas preparatory to writing. (Murray 2004) Speaking about the pre-writing strategies, I can say that pre-writing engages in activities designed to help them generate or organize ideas for the essay . and very important that it improves the quality of their writing. Pre-writing activities include gathering possible information for a paper through reading or developing a visual representation of their ideas before sitting down to write. (Pattison 2006) There are many effective practices in the process of pre-writing. For me it was important to create a topic by using various methods, such as listing and brainstorming. My pre-writing activities included planning before writing, reading necessary literature, organizing pre-writing ideas, writing an outline to a topic and then plan the work in advance. I have chosen the free writing strategy. It means that I set a time limit and wrote without stopping, and when the time was up, I looked at what I had written and determined which idea seemed most significant. After that I pointed the important insights and ideas with which to work. The writing process For the writing class I chose the topic of Self assessment because this topic is interesting for me and the audience for many reasons: First of all because the self-assessment is important to define clearly the progress of personal development ; The audience is interested in psychology because it is always interesting to get acquainted with ones self-assessment to be able to avoid pitfalls of self-assessment made by others in the course of their own self-assessment; process of self-assessment is always a challengeable task, because people always attempt to conduct a self-assessment but they do not always succeed, as it is closely connected with the inadequate self-esteem or self-awareness. In the whole the writing process involves generating ideas, developing and organizing the ideas, and revising and editing them. Effective writers do all these stages for the best result, so that the writing achieves its purpose. (Murray 2004) When writing the essay I had the next goals: To write well-organized paragraphs for different subject areas, with supporting details; Â ·- to demonstrate a clear understanding of the topic; to spot main ideas and support details. Writing an essay is a very private process, as it shows your own writing style, your thoughts and vision of the topic. It was very important not only to follow the topic, but also to show the right order of thoughts and material so that it flowed from one area, to follow a logical order. Each part of the essay should follow on the previous parts, and the whole body of the essay should clearly come to the conclusion. I tried in my essay to Essay writing requires to use both creative and critical thinking. Creative thinking encouraged me to broaden my ideas, while critical thinking encouraged me to narrow the focus of my ideas on the main topic of the essay. All these strategies helped me to organize my essay in the best way, so it would be interesting and understandable for the audience.

Flight to Delhi

Flight to Delhi Flight to Delhi Delhi is the capital city of India with a population of over 13 million and has emerged as one of the fastest growing cities in the world. With over 700 flights landing and taking off from Delhi every day, Delhi airport is the busiest airport in India. It is easier to take flights to Delhi rather than using other means of transport. With several airlines and flight operators operating between major Indian cities Delhi, getting discounted tickets and special offers for Delhi flights is always on the cards. Deals22.com works hard to maintain its leadership position in travel category and to bring you the best rates for Delhi flights. Our unique engine allows you to search across the leading travel portals to ensure that you get the best fare rates. Jet Airways, Kingfisher, Indian Airlines, Air India, Spicejet, Air Deccan, Indigo, Paramount and GO Air operate daily flights on the Delhi Bangalore, Mumbai Delhi, Kolkata Delhi and Hyderabad Delhi routes. Delhi airport is located near the Delhi Gurgaon border is well connected to the city. The drive from Connaught Place, the heart of Delhi to the Delhi airport takes about 45 minutes if the traffic is clear. But it is advised that you always take into account the omnipresent traffic jams which can extend the commute time to the Delhi airport by a factor of three. About Delhi Delhi is the 2nd largest Indian city after Mumbai (Bombay) and is the seat of Indian government. Delhi encompasses the nearby cities of Gurgaon, Noida, Ghaziabad Faridabad to form the NCR region. Delhi /NCR is the melting pot for various Indian communities ethnicities. Attractions Places of Interest : Lodi Garden, Doll museum, Rail museum, Red Fort, India Gate, Museum of Natural History, Parliament, Qutab Minar, Jama Masjid Entertainment Shopping :, South-Extension, GK-I M Block, Connaught place, Chandni Chowk, Karol Bagh, Sarojini Nagar, Dilli Haat, State Emporiums, Lajpat Nagar, Ansal Plaza, Hauz Khas Theatre: Kamani Auditorium, LTG Auditorium, National school of Drama, India Habitat Centre (IHC), India International Centre (IIC), Lalit Kala Academy, Sri Ram Center for Performing Arts Temples : Hanuman Mandir, Lotus (ISKON) temple, Bangla Sahib Gurudwara, Kalka mandir, Birla Mandir, Chattarpur Mandir When to go Delhi faces the extreme climatic swings with the temperature moving to 47 C (116 F) in summers dropping to 0 C (32 F). The best time to visit the city is between October to March when the weather is most bearable. Regular flights to from Delhi are readily available. With airlines like Jet Airways, Kingfisher, Indian Airlines, Spicejet, Air Deccan, Indigo and GO Air offering frequent flier programs, discounted tickets and regular special offers, cheap air travel to Delhi has become a reality.

Saturday, July 20, 2019

Captain Picard as A Noble Warrior :: Star Trek Essays Papers

Captain Picard as A Noble Warrior Captain Picard is a good leader because of his ability to think clearly and objectively in all situations. He does not have pride blocking his ability to think rationally and see all sides of an issue. Also, he is not easily swayed by his emotions and does not allow them to cloud his judgment. Picard's ability to act quickly leads to effective delegating and exemplary leadership. A good leader is one who brings out the best in his people while being a servant to them. Pride often seems to come between a leader and his decisions. Picard never makes mention of what would be best for him, but instead is always thinking about his crew and what is in their best interest. In "The Defector" he repeatedly make comments to his desire for his crew to have a noble and honorable cause for war. He does not want their deaths to be in vain. As Henry V acted compassionately towards his men, Picard too wants to display the same sensitivity Henry did when his men were about to enter battle. Picard wants to know how his crew is feeling and what their needs might be. Picard and Henry are good leaders because they continue to look past their own wants and onto their troops needs. In the Henry V scene, Data is playing the role of King Henry. While Henry is undercover, he is quoted as saying, "The King is but a mere man". He is mortal just like his men. Picard is able to clearly se e the King's internal struggle with allowing himself to get close to his men while not weakening his position as their leader. Captain Picard knows his limits and is not ashamed or to proud to admit them, he just does not want to appear incapable to his men. He must be remain an assertive leader, while allowing himself to be human and approachable. Picard is constantly having his crew involved and helping him make a good clear judgment about Jarok. This shows he is not over confident in his leadership position. "Picard is supposed to be calm and calculating because well, he's the captain. If he bought everyone's emotional appeal he wouldn't be a very good leader" (Reyer Jan 30, 1996). Picard knows how to balance his gut feeling with the facts. As Visor pointed out, we do not always have all the facts, and this is where your "gut feeling" must come in, to fill in the missing details.

Friday, July 19, 2019

Southwest Marketing Strategy Essay -- essays research papers

Southwest Airlines is the industry leader in low cost airfare. They began its operation in 1971 with three Texas based routes and began interstate routes in 1978. When Southwest entered the market in 1971 they employed a market penetration pricing approach. They wanted to provide the best service for the lowest possible price. They saw that if they cut out certain unnecessary benefits they could lower their ticket price to a level far below that of the competition. They do not have in flight movies, meals, or first class sections. This strategy has been very cost effective and Southwest passes the savings on to the customer. They chose to focus on pleasure travelers and low-income travelers opposed to business travelers. This allowed them to take advantage of a market, which was often ignored by other airlines. Southwest is not concerned with the prices of other airlines. They do not engage in pricing to meet competition, or pricing below competition. CEO Herb Kelleher stated, â€Å"We’re not competing with other airlines. We’re competing with ground transportation.† This philosophy has led them to be very successful because they are priced below the competition, but don’t raise their prices when the competition does. Cost controlling is very important in the airline industry. Southwest is very good at controlling their costs. They offer a no frills service for people who want to get to their destination for as little as possible, and are not concerned about the bells and whistles like in-flight movies. Southwest also realized that when their planes are on the ground, they aren’t making money. They decided to keep their planes in the air as much as possible and have worked hard to keep a low turnaround time. They manage to unload passengers and load new passengers for the next flight within twenty minutes, which is shorter than the industry average. Southwest also uses only one kind of plane, the Boeing 737, in order to reduce costs of parts and training employees to use different types of planes. All of these methods have lowered the cost of operations for Southwest and allowed them to have a profit of $4.7 billion, which is twice that of United Airlines. And because they are so efficient they can pass the savings on to customers. There is no first class at Southwest and therefore all the customers are treated the same. They all receive the same level of atte... ...ly buy Southwest’s inexpensive tickets. College students also aren’t concerned about in-flight movies, meals, or other perks. Southwest would crush the competition in that route and make a large profit. Even families going on vacation would fly Southwest Airlines to Mexico. It is cheaper than other major airlines and it is a respected airline, unlike some no name airlines that run flights to Mexico. Advertising would be best done on television because America has become lazy and watches too much TV. They should advertise their great customer service by having customer testimonials and pictures of smiling customers and employees. They should also advertise during family oriented shows, because they are a form of inexpensive travel that a family could take advantage of. In conclusion, I feel that Southwest has taken advantage of its inexpensive flights and family oriented atmosphere to prevail despite the September 11th tragedy. Southwest has been a profitable business for 26 consecutive years and has twice the profits of United Airlines. They have been doing a great job providing customer service and will continue to be successful as long as they continue with their current plan.

Toni Morrisons Sula - The Fire Within Sula Essay -- Sula Essays

The Fire Within Sula  Ã‚   Sula by Toni Morrison is a compelling novel about a unique, self-confident woman.   As in many other books, each secondary character in the story serves as a vehicle to explain the main character.   Hannah, Sula's mother, is dominated by the element of air; she is free spirited, frivolous and child-like.   On the other hand, the element of fire is prevalent in Sula, who is impulsive, hot-tempered and passionate.   Despite the differences between the two, Hannah's lifestyle intrigues and influences her daughter.   The effect Hannah has on Sula is reflected in many of her daughter's perspectives and actions.   As a result of the ubiquitous presence of fire within her, in contrast to her mother's blithe spirit, Sula carries all of Hannah's immorality and actions to a more extreme level.   Both women have promiscuous tendencies, do not have close friendships with women, and become easily irritated by Eva.   The difference is that Sula's fiery character leads her to act mo re cruelly than her mother.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hannah's attitude towards men is peculiar, for she feels no possessiveness towards them, and enjoys having multiple lovers.   The presence of air in Hannah is evident from her relations with the opposite sex.   "Her flirting was, low and guileless...the smile-eyes, the turn of the head-all so welcoming, light and playful." (42).   Hannah's sweet, guileless flirting presents her as an innocent woman, and her playful manner demonstrates her child-like ways.   Her amiability and charisma are evident because "...Hannah rubbed no edges, made no demands, made the man feel as though he were complete and wonderful just as he was...he (the man) swooned in the Hannah-light simply because he was." (43).   Hannah is len... ...feeling no obligation to please anybody unless their pleasure pleased her." (118).   Sula is stronger than Hannah, and makes no attempts to conciliate the society's opinions towards herself.   She follows her animal instincts, and lacks the sense of responsibility.   Although Sula and Hannah are both shunned by society, Sula is even more of a pariah than her mother.  Ã‚   While the people of the Bottom consider Hannah to be "sooty," (29), they decide that Sula is the devil.   The intense hostility people feel about Sula directly relates to her impulsive, vengeful and hot-tempered character.  Ã‚  Ã‚   Sula's life is a fun house mirror image of Hannah's-quite similar, but bent into a slightly different shape and tainted with malice.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      Works Cited: Morrison, Toni. Sula. New York: Knopf, 1974. Toni Morrison's Sula - The Fire Within Sula Essay -- Sula Essays The Fire Within Sula  Ã‚   Sula by Toni Morrison is a compelling novel about a unique, self-confident woman.   As in many other books, each secondary character in the story serves as a vehicle to explain the main character.   Hannah, Sula's mother, is dominated by the element of air; she is free spirited, frivolous and child-like.   On the other hand, the element of fire is prevalent in Sula, who is impulsive, hot-tempered and passionate.   Despite the differences between the two, Hannah's lifestyle intrigues and influences her daughter.   The effect Hannah has on Sula is reflected in many of her daughter's perspectives and actions.   As a result of the ubiquitous presence of fire within her, in contrast to her mother's blithe spirit, Sula carries all of Hannah's immorality and actions to a more extreme level.   Both women have promiscuous tendencies, do not have close friendships with women, and become easily irritated by Eva.   The difference is that Sula's fiery character leads her to act mo re cruelly than her mother.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hannah's attitude towards men is peculiar, for she feels no possessiveness towards them, and enjoys having multiple lovers.   The presence of air in Hannah is evident from her relations with the opposite sex.   "Her flirting was, low and guileless...the smile-eyes, the turn of the head-all so welcoming, light and playful." (42).   Hannah's sweet, guileless flirting presents her as an innocent woman, and her playful manner demonstrates her child-like ways.   Her amiability and charisma are evident because "...Hannah rubbed no edges, made no demands, made the man feel as though he were complete and wonderful just as he was...he (the man) swooned in the Hannah-light simply because he was." (43).   Hannah is len... ...feeling no obligation to please anybody unless their pleasure pleased her." (118).   Sula is stronger than Hannah, and makes no attempts to conciliate the society's opinions towards herself.   She follows her animal instincts, and lacks the sense of responsibility.   Although Sula and Hannah are both shunned by society, Sula is even more of a pariah than her mother.  Ã‚   While the people of the Bottom consider Hannah to be "sooty," (29), they decide that Sula is the devil.   The intense hostility people feel about Sula directly relates to her impulsive, vengeful and hot-tempered character.  Ã‚  Ã‚   Sula's life is a fun house mirror image of Hannah's-quite similar, but bent into a slightly different shape and tainted with malice.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      Works Cited: Morrison, Toni. Sula. New York: Knopf, 1974.

Thursday, July 18, 2019

Marketing Techniques Essay

The main thing behind marketing in a business is finding the customer’s needs and produce the product/ services to satisfy their needs, this way the customer can choose what they would want included in their product/ service. A business that follows this rule is market-orientated. There is alternatives orientation for businesses, these are; The production concept: This is where the business produces in large quantities and distribute in bulk, this is so the customer/ business get the products cheaper as they will be bulk buying. A business that would do this is Walkers. They make thousands of packets and then sells them to large business such as Tesco, Tesco would be able to buy it for cheaper as they will be buying in a very large amount as they can stock allot of products. However charity shops will sell their products and with the entire surplus they send it off to the charity. An example of this is Oxfam, they will sell their products to the public and with all the surplus is sent off to the project they are currently on. The sales concept: Businesses need to know how to sell their products/ services. If they don’t know how to the business is likely to fail but if a business knows how to sell its goods/ sieves then it is likely to be successful. A type of sales technique is hard selling nor Tesco or Oxfam hard sell but businesses such as Anglian, Everest and Safestyle are usually hard sellers trying to get you to buy double glazing. As you can see some of the sales reps in these businesses have lied about the business just so they can close sales with people on the spot. The marketing Concept: Marketing concept is different to sales and production as it has to take every step with keeping customers in mind as marketing is based around customer’s needs and wishes. An example for this is Tesco they do this with their Tesco Club card every time you shop you swipe your card and the system knows what the customer purchased, so to bring back the customer they will mail you some vouchers which then makes the customer want to come back into the store and shop again. Another business that uses marketing is Curry’s when you purchase something the sales assistant take down your home address so if they have any offers which are similar to what you bought will send you letter informing you about any offers. Marketing definitions: Basic definition of marketing is meeting customer needs and wants profitably. Marketing consists of identifying, anticipating and satisfying customer requirements profitably. Objectives: Private sector The objectives for a private sector business are to maximise profits and expand all over the world. An example for a private sector business is Tesco. They have businesses in the UK and in America called Fresh & Easy. In the screen shot you can see Tesco’s objectives. Public sector The objectives for a public sector business are to provide quality service for the public. An example for this is the NHS as they provide health care for everyone. In the screenshot you can see NHS’s objectives. Voluntary sector The voluntary sector businesses objectives are to raise money for good causes. An example of this is Oxfam they aid anyone to donate any goods so they can sell them and send the money they produce from the goods they sell given to the public to projects they are currently on. As you can see this is one of Oxfam’s shops where they sell goods that have been donated by the public. Organisational objective This is a target for the whole business no matter how big it is. A good example of this is Tesco, Tesco’s objective may be to increase market share to 51%. Marketing objective This is how you are going to achieve it e.g. increase Tesco value products Tesco can produce their own products such as Ben & Jerry ice-cream they can produce a Tesco value version as some people may not be able to afford  £4 ice-cream so the people can buy the alternative which would help Tesco increase their profits. Link between organisational objectives and marketing objectives Marketing objectives shouldn’t be contradicting a business’s main objective, but should be contributing in achieving that. A business will not succeed if it’s been pulled apart in two different directions. An example of this is if Tesco want to increase their sales by a certain percentage then different functional areas have to contribute to achieve this such as advertising they may advertise products that are on offer or any seasonal products e.g. Christmas, new years or valentines. Tesco’s could also send out more offers with their Club Card meaning more customers may shop i n the business. By this way Tesco will be informing a lot more people that they have sales on which might bring more customers into the business. Market leadership This is where a business has the most market share in a given product or service, this could be measured by the amount of goods sold or the value of those goods. If a business wants to become a market leader they need to be 51% or more in sales for it to become a market leader. For example, Tesco is the leading supermarket in the supermarket market place as you can see in this screenshot (January 2012). Charity do no compete with market share as they all have similar aims and objectives but need maximum funds to stay in operation. Some charities will be more valuable then others depending on how much donations they receive. Oxfam is at the top along with cancer research UK, British Heart Foundation and many more. Brand awareness Brand awareness is making people aware of the business and what they do/ sell. Brand awareness is the NHS’s number one objective, they want all of Great Britain’s public to know what they do. Brand awareness may be an individual product or the whole business itself. Tesco may advertise their Tesco club card so people are more aware of the club card you can get when you sign up with them. Perceptions of customers A customer’s perception of a business or a brand often affects their purchasing decision. An example of this is a business might have a lot of brand awareness but their products might not be of the highest quality. This will make the customer not want to come back into the store as they are paying for a cheap quality product. Tesco has a reputation of selling goods a cheap price to everyone, if they start selling their products higher than their competitors then they are likely to lose out on customers and sales which are why they try keep their prices as low as possible. People may also decide to shop at Oxfam for clothes rather than buying clothes from the high street as they know their money goes to good use. Techniques: Growth strategies Businesses grow through their products/ services every time they put a product on the market more and more people will find out about the product. For example Tesco have been using growth strategies as they are expanding with their services, such as Tesco Money, you can now have a credit card with Tesco which people who may don’t normally do not shop at Tesco may have their Tesco credit card. Oxfam use growth strategies through advertising. Every time they advertise someone new will hear about Oxfam and how they are helping to take people out of poverty in third world countries. Survival strategies This is important for all business if they want to keep operating. The reason why Tesco are expanding into different markets is in case one market fails them they have other services which will help them keep out of making a loss for example if Tesco started making cars and sold a few thousand but then was not successful. They are likely to start making a loss but as they are successful in other markets they are unlikely that they would shut down. With Oxfam with all their stores open they can use them stores to survive. Branding Business need to have a strong brand image in order for them to survive. Providing high customer service will increase the brand image. Advertising is also a factor to increase the brand image. Tesco and Oxfam both have a very strong brand image as they are at the top of their tables Tesco is globally a very well known business and Oxfam is also globally well know as they operate in the UK and in third world countries. Relationship marketing Building a relationship with customers is very important for the business as they will think that the business cares about them. Tesco can build relationships with its customers at the tills, the cashier can communicate with the customer building a positive relationship. This is also the same with Oxfam when people buy products from the stores they are building a relationship with the business or if you support Oxfam through direct debit you will receive a welcome pack with updates every month about what the persons many is doing and how they are helping people in poverty.

Wednesday, July 17, 2019

Early Intervention Reducing Recidivism Among Children

Early Intervention reduce recidivism among children and puerile offenders Student number s2875363 Student quote Kate ORe mishapy class name CCJ10 invention to Forensic Psychology Enrollment External, Griffith University Course convener Dr. Myesa Knox Mahoney Course tutor Domanic De Andrade Date collectible Wed 23rd Jan 2013 Word debate 1430 It has been widely acknowledged that curse has consequences for privates and orderliness (Ou & Reynolds, 2010).So it has been widely accepted that children and insipids with anti affectionate behaviour argon a societal occupation (Helmond, Overbeek & Brugman, 2012). Anti fond mien is char diddleerised by slam-bang offences such as robbery and ravish ca exploitation harm to non lone(prenominal) its victims that to society as come up (Helmond, Overbeek & Brugman, 2012). Society pays the price for crime non only in panache out of personalized effects and medical costs but also in the cost of internment to the tax payers (Ou & Reynolds, 2010).It is the unsociable behaviour, that is arseed in advance(prenominal) hindrances, in an flack to diminish dereliction (Hollin & Palmer, 2009). Studies grant been undertaken that provide evidence that interjection is effective and benefits the whole of society (Ou & Reynolds, 2010). In this essay, focus w poorly be move specifically to preventative and its plowshare in curbing recidivism in youthful person offenders.The impact of former(a) treatment for recent offenders will be explored in detail, and or so examples of proterozoic interpositions, how and why they work, will be examined and this research will support the conquest of untimely interpellations and their effectiveness in battle recidivism. In exploring the rationale of preteen offenders we puke out reasons why early intervention lav lessen the rate of recidivism and in or so cases effectively quell re offending. interrogation has been conducted evidenceing that the brains growt h does not give out earlier at least the early twenties (Buchen, 2012).This means that insubstantials are far more likely to act before considering the consequences, they are hotheaded, and easily influenced by their peers (Buchen, 2012). direct more than ever campaigners for youthfulnesss are workings towards less punishment and more crucially far more opportunity for intervention or replacement (Buchen, 2012). interrogation into crime has shown that criminal activities occurring in adulthood s as swell up asl been appoint to follow a youths career of criminal drill and antisocial behaviour, create into an adult re-offender, (Ou & Reynolds, 2010). callowness offenders show predictors early in spirit that complicate the sex, race and ethnicity of the jejune, as well as aggression, and antisocial behaviour in puerility (Ou & Reynolds, 2010). They slew be coerced to offend obviously because of stressors in their lives (Sealock & Manasse, 2012). In some cases stud ies keep up enabled prediction of delinquency that undersurface then(prenominal) allow prevention of youth stake in the juvenile justice system all unitedly, (Sealock & Manasse, 2012).Where this is not the case and a young person person is incarcerated, early intervention is withdrawd to curb re-offenders. psychicly ill juveniles will offend three time as oft as other(a) juveniles, and for these offenders imprisonment disregard be futile causing significant increase in symptoms kind of of reversing environmental damage and better their skills as it is in fly the cooped (Erickson, 2012). This puts them further at risk are mentally ill juveniles, for whom demanding animateness events, such as loss of job or family breakdown, will often lead to violence as a response (Markowitz, 2011).For these mentally ill youths social opportunities can be limited, they will turn out gruellingy finding a job, horse barn accommodation and a support meshing (Markowitz, 2011). There often limited opportunities for intervention before the fact (Markowitz, 2011). Because of this some offenders tend towards homelessness and crimes of survival such as steal and trespassing, some committing these non-violent crimes as a way of seeking intervention they would not differently have access to (Hinday, 1997).Symptoms of mental affection include impulsivity and impaired judgment and can cause already hotheaded youths to act in antisocial ways (Hinday, 1997). A form of intervention that continually arises in research looking at young offenders is the use of cognitive behavioural therapy or modification. cognitive Behavioural therapy is founded on social scholarship, and adopts the theory that offenders have learned conflicting ways of behaving due to their environment (McGuire, 2003).Many intervention plans include this type of treatment, sometimes bring together with psychiatric treatments (Jones, Chancey, Lowe & Risler, 2010). Cognitive behavioural techniques adve rtise offenders to think by dint of a situation, instead of ensuing their immediate response. A reception that can often be impetuous and self-centered attitudes that increase the likelihood of anti-social behavior (McGuire, 2003). In cognitive behavioural therapy an offenders learning is conditioned, they are trained to eradicate nonadaptive actions (McGuire, 2003).Cognitive, rehabilitation or intervention broadcasts function to bring limitings to youth offenders (Jones et al. , 2010). Young adults, who glide by time incarcerated, carry with them a proud likelihood of recidivism when they return from correctional facilities and attempt to transition back into society, (James, Stams, Asscher, De Roo &Van der Laan, 2013). Research has provided a variety of reasons as too why juveniles find it so difficult when re engaging with society, one important reason explained by James et al,. 2013) is that not only are they coming to damage with the challenges of relocation from a juven ile celerity back into every day life but they are doing this while at the same time coping with the move from adolescents into adult hood. Helmond et al. , (2012) Discusses an intervention curriculum constructed by cognitive-behavioural therapy called furnish, a course of instruction designed to communicate to young antisocial offenders who would be reintegrating into society, ways of acting and thought responsibly. The EQUIP program is used in correctional facilities all over the world.EQUIP incorporates a positive peer culture in which parties want to support others due to developing feelings of responsibility for them. The main focus of EQUIP is to address mental misrepre moveation, deficiencies, and social and deterrent example skills (Helmond et al. , 2012). A private not-for-profit agency, Hillside in the US, is a provider of intervention services for mentally ill young people and their families or guardians (Jones et al. , 2010). This program includes confederacy-ba sed services and a residential treatment facility, which treats participants under a program called Interpersonal Skills plan (Jones et al. 2010). sermon through this program includes structured framework, collection therapy and individual therapy as well as family therapy (Jones et al. , 2010). Hillsides program works on cognitive behavioural treatment focusing on mental distortions, managing and assessing risk as well as avoiding situation leading to relapsing (Jones et al. , 2010). For those adolescents in the justice system who require treatment for substance hollo, this can be a form of early intervention as offenders can be sent to juvenile do medicates court (Nissen & Pearce, 2011).Substance abuse treatment programs in collaboration with the juvenile justice system provide this regularity of intervention where youths are educated and put through an intensive program of rehabilitation as opposed to incarceration (Nissen & Pearce, 2011). game recidivism amidst adolescen ts has encouraged the government to provide supporting from the government to develop and maintain re-integration as intervention, following the lack of success using probation-only in the attempt to prevent adolescents re-offending (Nissen & Pearce, 2011). James, et al. (2013), found that this type of program referred to as afterwards care has had great success when kickoff a program during incarceration and when aimed at youths with a high risk of re-offending. another(prenominal) successful after care program was developed by the Robert Wood Johnson pes and is called Reclaiming Futures (Nissen & Pearce, 2011). The program Reclaiming Futures deploys affirmative youth culture and leadership building and efforts on leadership expansion in the community, a community that can offer assistance to bridge circuit life in incarceration to life in society through creative growth activities (Nissen & Pearce, 2011).Something that Reclaiming Futures does well is bring together suitabl e intervention and the needs of the adolescent offenders, and this provides an empathetic network around young people with the result being rarer do of violations when in parole (Nissen & Pearce, 2011). Early interventions have been found to reduce the rate of recidivism when they target young offenders. As evidence suggests a career criminal is likely to become offending as a child, not suddenly as an adult.Therefore intervention that targets change of behaviours, physically and mentally at an early age, prove effective. Intervention is successful at an early age because medically, an individuals brain does not stop developing until their late twenties. As a result, adolescents can react impulsively to situations, leading to antisocial and criminal behaviour then in the end to prosecution. The chances of this situation arising are heightened in mentally ill youths however, by incorporating the various approaches of early intervention a program can be planned base on an individua l needs assessment.This plan is determined by the offence committed, and requirements of the youth, and allows positive outcomes to be achieved. All research suggests that the affirmative results are the product of early interventions. References Buchen, L. (2012). Science in court arrested development. Nature, 484(7394), 304-306. inside10. 1038/484304a Erickson, C. D. (2012). Using Systems of vexation to Reduce Incarceration of early days with grievous Mental Illness. American Journal of community of interests Psychology, 49(3-4), 404416. DOI 10. 1007/s10464-011-9484-4 Gibbs, J. C. , Potter, G.B. , Barriga, A. Q. & Liau, A. K. (1996). Developing the helping skills and prosocial need of aggressive adolescents in peer group programs. Aggression and hot Behavior, 1(3), 283-305. DOI10. 1016/1359-1789(95)00018-6 Helmond, P. , Overbeek, G. & Brugman, D. (2012). Program integrity and effectiveness of a cognitive behavioral intervention for incarcerated youth on cognitive distortion s, social skills, and moral development. Children and Youth Services Review, 34(9),17201728. DOI10. 1016/j. childyouth. 2012. 05. 001 Hiday,V. A. 1997). Understanding the conjunction between mental illness and violence. multinational journal of law and psychiatry, 20(4), 399-417. DOI10. 1016/S0160-2527(97)00028-9 Hollin, C. R. & Palmer, E. J. (2009). Cognitive skills programmes for offenders. Psychology, Crime & Law, 15(2-3), 147-164. DOIhttp//dx. doi. org/10. 1080/10683160802190871 James, C. , Stams, G. J. J. M. , Asscher, J. J. , De Roo, A. K. & Van Der Laan, P. H. (2013). Aftercare programs for reducing recidivism among juvenile and young adult offenders A meta-analytic review.Clinical Psychology Review, 33(2), 63274. DOI10. 1016/j. cpr. 2012. 10. 013 Jones, C. D. , Chancey, R. , Lowe, A. & Risler, E. A. (2010). residential Treatment for Sexually Abusive Youth An Assessment of Treatment Outcomes. Research on Social Work Practice. 20(2), 172-182. DOIhttp//dx. doi. org/10. 1177/1 049731509333349 Markowitz, F. E. (2011). Mental illness, crime, and violence Risk, context, and social control. Aggression and Violent Behavior. 16(1), 3644. DOI10. 1016/j. avb. 2010. 10. 003 McGuire, J. (2003).OffenderRehabilitationandTreatmentEffective Programmes and Policies to Reduce Re-offending. Retrieved from http//www. swin. eblib. com. au. ezproxy. lib. swin. edu. au/ booster/FullRecord. aspx? p=146239&echo=1&userid=znHAXBQDThLw9bSY1Xo67Q%3d%3d&tstamp=1358851968&id=4B65141F70B1486C0EA05198C182C8FA6D56A7DB Nissen, L. B. & Pearce, J. (2011). Exploring the implementation of justice-based alcohol and drug intervention strategies with juvenile offenders Reclaiming Futures, enhanced adolescent substance abuse treatment, and juvenile drug courts.Children and Youth Services Review, 33, 6065. DOI10. 1016/j. childyouth. 2011. 06. 014 Ou, S. ,& Reynolds, A. J. (2010). Childhood predictors of young adult manlike crime. Children and Youth Services Review, 32(8), 10971107. DOI10. 1016/j . childyouth. 2010. 02. 009 Sealock, M. D. & Manasse, M. (2012). An spotty playing field The impact of striving and coping skills on treatment outcomes for juvenile offenders. Journal of Criminal Justice, 40(3), 238248. DOI10. 1016/j. jcrimjus. 2012. 02. 002

Tuesday, July 16, 2019

Only the Strong Survive

Only the Strong Survive

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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