Turning Point in the Truman Show

Turning point in â€Å"The Truman Show† In the film The Truman Show directed by Peter Weir, Weir brings out messages about how reality TV is perceived by the world and what it really is through the final scene in the movie where Truman goes out to sea and finally escapes from Seahaven. I think it was a turning point of this film because it reveals a system of a reality TV, which manipulates and controls everything possible but the only ones that belong to it. In the final scene, Truman goes out to sea to get out of Seahaven.Christof tracks Truman down in the sea and makes an attempt to make Truman get back to the island by creating a lethal artificial storm. Despite the storm, Truman is determined to continue his voyage, but then gets surrounded by the painted sky. Christof gives a last try by talking to Truman nevertheless Truman stays steadfast and exits the stage. In this scene, there are many elements and techniques that turn Truman into our hero. In this scene, Truman is always filmed by using low angle shots, making the audience feel that they are looking up to him.Also, the boat that he was on is called â€Å"Santa Maria† (the bless Virgin Mary). Furthermore, a flag on the boat had a symbol of an eagle, which represents freedom, power, and victory to Truman. Later when he hits the painted sky he walks on false water, which resembles one of Jesus’s ability to walk on water referring Truman as God who we admire. This final scene is considered to be a turning point, because many change occurs due to Truman’s strong will. Changes that occurred are: Truman himself, mood, and the nature of the show. First of al the most noticeable change was a change in Truman himself.He breaks free from the obstacles that block him from getting out of Seahaven by overcoming his fear of water (aqua phobia) and misleads everyone else involved in his show. The mood of the scene changes. The scene starts off with sunny and calm weather where the sky is blue and creates a happy and relaxing mood. However, as Chistof creates a storm towards Truman, the tone goes down somber by using grey clouds, the Sun disappearing, with a lot of loud banging noises, and leads to Truman’s distorted face due to his grief after knowing all the truth.Nonetheless as the film approaches its very end Truman reveals the real nature of the show by differentiating himself from the rest still involved in the show, and exits out the door. It is followed by a shock and pity on Christof’s face, audience in the cafeteria, and the security guards finding â€Å"something else to watch† showing that they were all exploiting Truman by deceiving him, contrasting with Truman’s genuineness. Furthermore, the final scene is a turning point because it reveals a true system of a reality TV, contrasted to what we thought it was.Christof keeps on boasting that the show is the most genuine and pure as it could be, however, that is inconsistent wit h the unreality of the reality show. Throughout the film everything is controlled, his powers, his wife, and his friends are all fake, his parents and family, friends are all actors reading out the lines, which limits the possibility of Truman contacting with the outside of Seahaven, the reality. However Truman’s Genuineness stems from who he is inside. Christof sees himself as having created an ideal paradise for Truman, which is a digital garden of Eden in which Truman can be forever innocent, forever pure.His delusions of Godhood lead him to believe that he has created who Truman is. The falsity of Christof’s anticipation to Truman leaving the world is a message that controlling the memories doesn’t mean controlling the soul. Truman’s liberation of the soul comes from embracing the love for the woman he once saw, Sylvia. His request for her using the simple tools of photos of women in fashion magazines cropped and rearranged into her face represents hi s triumph of his desire for his love over his physical barrier, which surrounds him.Truman thinks freedom is more important than safety, and would rather take a huge risk to get it. As an example, Truman is holding a finished photo of a resemblance to Sylvia on the boat. Increasingly, we live in a Truman universe as well, saturated by advertisements and we are manipulated by basic film techniques they use. In the film Truman struggles to get out of the show whereas we struggle to be a part of the show, we go for popularity. Truman freed himself from the imprisonment, but the other havent’, and proves that Truman wasn’t the creation of Chrsitof.Reality TV is a highly dramatized structure and attificial life. It bridges the gap between fiction and life by fusing two, creating verite performances surrounded by scripted elements. The Truman Show feeds a script to everyone but Truman, but the script is invisible, by managing everyone else’s dialogue to minimize Truma n’s interactions with every other human being in his life, except the two people who go off the script, his dad and Sylvia. His thoughts cannot be controlled.Reality TV pulls strings of our instincts and by refusing to choose a world that may be dangerous and threatening, but also real, Truman chooses the reality and freedom over the enslavement of entertainment. When he leaves, Truman has found freedom, those viewers still watching have not. In conclusion, via the final scene, which is considered as a turning point due to its exposure of a true system of a reality show in order to prove that reality TV shows can only manipulate the ones that belong to it.

Workplace Feminism

Logan Rogers ENG 102 Childless Women; Victims At Their Jobs? In today’s economy there are many women beginning to enter the workforce; mothers and childless women both. However, are childless women victimized in the workplace? Often times working mothers have to work half days or leave the workplace suddenly to go care for their children. Childless women tend to feel that working mothers are given priority to requested time off.The result of these aspects are childless women feeling that they have to take on more hours, denied personal and vacation time, resented by working mothers, and not offered special benefits that working mothers receive. When one commits to a full time job, he or she only plans to be working an average of forty hours per week. However, that is not always the case with childless women in the workplace. Studies show that childless women are working more hours on average than working mothers.They feel that extra work is often put on their shoulders, a cons equence of working mothers having to leave the workplace due to time conflicts with their children. A situation where this is a problem is when working on a group project. Every member of the team is given their own responsibilities and if a working mother has to leave because of her child, the rest of the team is burdened with her tasks.Kristen Bossert, a graphic designer who is sick of feeling like a second-class employee, states, â€Å"I’m the one who always gets stuck at work,† she says, â€Å"If you have no kids, you have no excuses. † (Backaitis) Many childless women feel that workplaces are less strict on working mothers because they have to balance between work and family. In an article by Wendy Williams, she presents statistics that show females without children work an average of more hours per week: â€Å"As can be seen, for each child a female professor has, she works slightly less at her academic job each week.A female professor with 3 children wor ks†¦2. 5 hours less than her childless female colleagues† (Williams) Therefore childless women feel that working mothers get special treatment in the workplace because childless women have to take on extra work and more hours when mothers must leave to take care of their children. On top of taking on extra hours, working childless women often feel that they are deprived of personal and vacation time to which they are entitled.When asked about the subject, Lori Hanes, a working mother of two children, said â€Å" In my workplace, childless women continuously complain that working mothers get priority to vacation time due to wanting to spend time with their children. † The following situation shows that working women get precedence over childless women: When she asked her manager if she could leave early to go to a doctor’s appointment, Diana Antholis expected to get an unequivocal yes.After all, her co-workers were always coming in late or taking off ahead of schedule because their kids needed to get vaccinated, didn’t feel well at day care, were in a performance at school and so on. So when the boss gave her a hard time and suggested that her medical appointments be scheduled for her â€Å"own time,† the media-agency associate almost lost it. First she thought of asking when her â€Å"own time† was, given that she typically put in more than 12 hours a day. And, second, she wanted to know why the mothers she worked with were getting time off for the asking. (Backaitis) It may not be fair but that does not mean it is not widespread. As the workplace has become more family-friendly over the years, there has been an unintended consequence: complaints from childless women that they are second priority to those who have chosen to have a family. Some childless workers complain that their lives outside of work seem to be irrelevant to both their coworkers and their employers. Childless workers’ completion of a triat hlon, participation in a community chorus, or volunteerism do not merit the same informal celebration as little Johnny’s first Little League hit.The Center for Talent Innovation performed a study that shows that 46 percent of childless women say that their outside commitments are perceived as less important at work than that of working mothers’. Sylvia Ann Hewlett, president of the Center for Talent Innovations, states this: â€Å"Not only are [working women without children] denied easy access to flexibility, but they’re made to feel like their lives aren’t significant and they get very little recognition of their non-work activities. (Hewlett) Childless women feel that working mothers often get priority to requested time off over them and that their achievements outside of work are not important. Supreme Court Justice, Sonia Sotomayor, Homeland Security Secretary, Janet Napolitano, and former Secretary of State, Condoleezza Rice, are all highly respect ed, successful women. They are all also childless women. Greater success may be one reason for the resentment that childless women feel working mothers have towards them. Studies show that childless women are more successful professionally than working mothers.Childless women also report feeling constantly judged by working mothers because they do not have children. Findings show that 25% of professional women without children feel that working mothers refer to them as hardened career women for not being mothers. Childless women also feel envy from working mothers due to the significant amount of less stress that they have to deal with because they are not balancing a full time job and a family. Another reason for this resentment is the disparity in wages between working mothers and childless workers.Kelly Hagen stated in her article, that â€Å"Mothers are 44 percent less likely to be hired than women without children, and they are paid $11,000 less, according to a 2005 study from Cornell University. † (Hagen) Kristin Rowe-Finkbeiner, Executive Director of MomsRising. org in an interview with â€Å"Good Morning America. † stated that, â€Å"Women without children make ninety cents to a man's dollar, while women with children make only seventy three cents to a man's dollar†. Less stress, greater success, and more pay are all reasons that are causing resentment of childless women by working mothers.Many companies offer an array of benefits for their full time employees. However, many of these benefits favor soley working mothers rather than all women in the workplace. For example, companies give working mothers benefits that go beyond their essential needs. These include maternity leave and phase-back programs, programs that allow working mothers to work part-time for full-time pay after childbirth. Many companies also offer working mothers what are called family days. These paid days off are designated for use if a child is sick or has som e kind of appointment.Therefore, childless women have less availabe paid time off than working mothers. New mothers must lactate three or more times per day. Several companies are now giving these new mothers designated times throughout the day to take care of this issue and special rooms are being put in place for this reason only. This special care is resulting in three more breaks during the day for new moms, not childless women. Childless women are never granted such generous benefits like these, making the benefits between them and working mothers unequal. Working women who have chosen not to have children often feel victimized in the workplace.Statistics show that they work significantly more hours on average than working mothers and that working mothers resent their greater amount of success. Childless women also feel that working mothers have priority to paid time off and company benefits. The consequence of all of this is growing tension between childless women and mothers in the workplace. Work Cited: Hagen, Kelly. â€Å"Childless Women Succeed More. † ABC news. N. p. , 22 Aug 2012. Web. 8 May 2012. <http://abcnews. go. com/GMA/JobClub/study-shows-childless-women-succeed-mothers-worplace/story? id=11448102 2012. Web. 8 May 2012. <http://www. ypost. com/p/news/business/jobs/mommy_and_me_FXFHi8ikTY2FHG8xEimnSJ Hanes, Lori. Personal Interview. 5/3/2012. Williams, Wendy. â€Å"Teacher-Facilitator materials for Cornell Institute for Women in Science video series, Defining the Problem. † www. human. cornell. edu. N. p. , n. d. Web. 6 May 2012. <http://www. human. cornell. edu/hd/upload/CIWS-video-Defining-the-Problem. pdf>. Lepore, Meredith. â€Å"The Woman With Kids In Your Office Does Resent You. † The Grindstone. N. p. , 18 Jan 2011. Web. 8 May 2012. <http://thegrindstone. com/mentor/the-woman-with-kids-in-your-office-does-resent-you-190/>.

All Is Fair in Love and War †Paper Essay

Love and war are two contrasting forces; the former involves care and personal attachment while the latter involves brute force and destruction. They are also very similar in the sense that success in love and war can lead to the creation of happiness, relationship, devotion, liberty and freedom etc. all of which can shape a persons or societies lifestyle. However, because of such tempting and important factors, in both love and war people can become so much focused and obsessed in their cause that they forget about their moral values and may even engage in malpractice to achieve their goals. Although such means can sometimes help them achieve their goals, I think these are not at all justified as they lead to the benefit of one at the loss of another, that is, they lead to selfless biasness, and according to Sen & Mitra (1956) can hinder the overall peace and progress of a society. As such, I disagree with the notion made by John Lyly in his book ‘Euphues’ (1578) that à ¢â‚¬Å"all is fair in love and war†. Justification of my claim can be proved by illustrating the criticisms of an ethical framework known as Machiavellianism. This concept is similar to the notion of John Lyly because it states that â€Å"ends justify means†. According to this concept, people can use any means, no matter they are bad or immoral as long as it helps them accomplish their goal (which in this case is achieving success in love or war) by using them. I think such a proverb is very much illogical. If we approve this, it would mean that even use of unfair means to achieve goals is justified under the circumstances similar to love and war. To illustrate for instance, in love this would mean the use of cheating, blackmailing, betrayal, stalking, and infighting. Similarly, in war it would also involve cheating, torture, kidnapping, bribery, fraud etc. All of these are illegal acts and as Richman (2012) points out, involves a cost, or more precisely a victim of the action. Performers of such action merely treat the victims as less than human and as mere means to their ends. Their only justification for their action being that the benefits achieved are incommensurable. However, in doing so they forget the fact that such malpractices are all against the law which are made to secure order and stability in the society. Thus, in this context supporting John Lyly’s claim would mean supporting illegal activities, instability and anarchy all of which would make human beings no less than animals. Therefore, these criticisms provides adequate defense for my claim. In addition to this, observing real life examples can also proves my claim. An obvious example is the violence being inflicted on women and minors in Bangladesh. Incidences such as trafficking, abuse, acid-attacks are a common scenario in this country. According to Unicef (2005) there were 266 acid attacks reported in 2005 over a one year period, affecting 322 people1. Of these, 183 were women, 76 were children under 18, and 63 were men. Although, there were other reasons, a majority of the attacks can be directly or indirectly attributed to some sick form of â€Å"one-sided love†, where the perpetrators used threat as a means of compelling the victim to accept their proposal and upon being denied wanted their demise. Such justification of love is obviously not acceptable. Similarly, in case of war I think it seems illogical destroying hundreds of innocent lives just to kill a few enemy combatants, as in the case being undertaken in Afghanistan, Iran and other Arab countries. It is also not fair work as henchmen for enemies who are abusers of power. This is exactly what the Paramilitary force known as the â€Å"Razakars† did when they aided the Pakistan Army against the Mukti Bahini during the Bangladesh Liberation War. Their actions lead to the murder of around 300,000 to 500,000 people at that time. As such, their means of winning the war was the killing of millions of innocent people, which can never be justified. There are however, drawbacks of my claim. An example can be abortion of a baby to save a mother’s life. In such case, taking an innocent life is morally wrong, but saving the life of the women is morally right. As such, the point is, in all things there must be lines which should never be crossed, since if that happens, it would lead to destruction of order and control. But if the morally right outcome justifies the use of immoral means to achieve it, then such an action is justified. Therefore, in conclusion the notion â€Å"All is fair in love and war† is not always true. Application of ethical frameworks and examples clearly proves this, and so I firmly disagree with the idea. However, there are alternative ethical frameworks that can overcome the drawbacks this notion and my claim, one of which is Rights Theory. As Hohfeld’s (2001) points out, this theory focuses on actions based on the fundamental rights of the parties involved. It does this by setting up hierarchy of rights, where the highest order right includes rights to life, autonomy and human dignity. Second order rights involve the rights of the government, legal and civil rights. Third order rights involve the right to education, good healthcare and so on. As such, fulfillment the higher order rights take preference over the lower order rights and in this way ensuring proper justice and fairness for all. Reference Sen, K. & Mitra, J.K. (1956) Commercial Law and Industrial Law. Kolkata, The Word Press Private Ltd. Apperson, G. L. (2006) The Wordsworth dictionary of proverbs. Ware, Herts. : Wordsworth Reference Richman, S. (2012). Do Ends Justify Means? (ONLINE) Available at: http://www.fee.org/the_freeman/detail/do-ends-justify-means. (Accessed 27 January 13). Rainbolt, G. W. (2006) Rights Theory. Philosophy Compass 1, ET 003, 1–11. BBC. (2012). Bangladesh Islamist leader Ghulam Azam charged. (ONLINE) Available at: http://www.bbc.co.uk/news/world-asia-18049515. (Accessed 27 January 13) UNICEF. (2005) Women and Girls in Bangladesh. Support to the Acid Survivors Foundation and the Kishori Abhijan Project in Bangladesh. 1

Forensic Evidence Analysis Research Paper Example | Topics and Well Written Essays - 750 words

Forensic Evidence Analysis - Research Paper Example The primary goal is to distribute the dissimilar and criteria based key search process to every workstation on the network. Likewise, users will not complain for any issue related to operating system performance, as DNA client only consumes the unused processor time (Decryption & password cracking software, n.d). Likewise, if more than one or many processors are used at the same time, result will come fast. Moreover, if a processor has two or more cores, performance increases accordingly. DNA has two modes i.e. dedicated or non-dedicated and these modes are applied on the workstations. The dedicated mode requires a workstation that will exclusively utilize DNA network with no other tasks incorporated except the DNA password recovery that is a primary job. On the other hand, non-dedicated mode requires a workstation that will be used for other tasks as well. For instance, after working hours, workstations are available for use. These workstations can be assigned to DNA for contributin g valuable computational efforts that are required for password recovery. If many workstations contribute to a password recovery process, a single workstation has the capability of analyzing 1000000 passwords per hours, and 24000000 passwords in 24 hours respectively. Let’s suppose, DNA is using only 10 workstations on a non-dedicated mode for just 14 hours per day, the results will be 140,000,000 passwords for the same 24 hours with the increase of approximately six times than the previous one. Moreover, if more machines are added, a result for password recovery improves. However, workstation must be on the network and will be able to resolve the IP address so that the DNA server can establish connectivity to the DNA client. Workstations connect to the DNA server via DNA client and form a cluster for testing more passwords in less time. Products related to DNA provide statistical information in the form of graphs and has the capability to add user dictionaries and customize them according to the requirements. Moreover, customization is also available for password attacks in explicit languages. Furthermore, DNA products also possess the feature of stealth client installation functions and automatic updates on DNA client from the DNS server. File formats that are supported includes spread sheet formats, PDF, data compression formats etc. Network security audit Vulnerabilities or weaknesses that is probable to disrupt network services can be categorized in to interception, availability and access points. The interception category focuses on the data that is transmitted by utilizing a carrier or equipment over the network (Approach to auditing network security , n.d). The transmission conducted by these carriers and equipment can be interrupted and produce a risk of adverse discovery that can be related to breach in integrity of data. Secondly, availability is concerned with the expansion of networks and more remote sessions are created to the internal app lications, any disruption in availability of network services will impact business operations. Thirdly, access point is related to weak access point will allow a threat to penetrate within the network and disrupt or destroy confidential information available on mission critical systems (Approach to auditing network security , n.d). Focusing on the 3 categories, auditors will examine aspects of physical security

Information Security in Supply Chain Security Research Proposal

Information Security in Supply Chain Security - Research Proposal Example However, this ‘information security’ aspect in the supply chain security is not as greatly investigated as the other areas are. Given the fact that supply chains involve crucial information about organizations, nations as well as about individuals, it is a necessity to ensure the security of all the information. Large supply chains that include borders of different countries involve number of agencies that share information among themselves. Such a process requires a strong system that would ensure the security of information. This research proposal is an attempt to provide a guideline regarding the research that will be conducted on the information security systems that are used by the agencies like customs in various countries. The proposal includes details of research objectives, possible structure of literature review as well as the research methodology. Research Objectives The main purpose behind conducting this research is to identify and analyze the present inform ation security systems that are used by various key players in the supply chains. Furthermore, the research is also aimed at finding out the alternative security system models that may be used. There may be several aspects or parameters based on which a particular security system model can be analyzed. ... It is found that ASYCUDA (Automated System for Customs Data Acquisition) is one of those systems that are widely used by important agencies that are involved in the global supply chains. Hence, this research will aim at gathering sufficient information about this system, its usage, advantages and disadvantages. This will certainly be another main objective of the research. In addition to all these objectives, the research will also focus on identifying the requirements of changing the existing systems and having a new one that will be more efficient and effective. Hence, the following research question arise form these objectives. Is there any need of developing a new standard information security system that will be used across the world? Literature Review A preliminary study of literature reveals that supply chains have evolved in several respects over the past few decades. They have become more global than they were ever before. Today, major stakeholders in a supply chain’s security are the industry, governments and terminal operators. According to the findings of a research paper which is published by IT major IBM, key elements of the security of a supply chain include physical security, risk analysis, personnel security, information security and procedural security (Knight, 2003). As far as information security is considered it is certainly one of the most significant elements as the supply chain processes are managed by the information systems. Acknowledgement of the importance of information security must come with the acceptance of the fact that there are several problems that challenge the safety and security of information that are exchanged across the supply chains. Andrew R. Thomas has opined that one of the major problems

Career Action Plan and Self Reflection Essay Example | Topics and Well Written Essays - 750 words

Career Action Plan and Self Reflection - Essay Example This essay analyzes and discusses the areas of strength or core competencies of the researcher. Based on that study, the researcher will be developing his CV and a carer action plan. In addition, the researcher also carries out a personal analysis and a gap analysis. Apart from that the researcher also emphasizes on his team working abilities. Finally, the researcher draws a conclusion that is based on the personal analysis. The essay mostly focuses on analysing of the opportunities of self employment in the Informational Technology field of industry. From the essay the researcher have found that Informational Technology industry is one of the booming industries of the world today. The essay also revealed that the IT industry is presently valued at $1,183.3 billion and is expected to reach $1,549.7 billion by 2016. Moreover in USA, the self employment opportunities in this sector have increased substantially recent years. In the previous essay the researcher have found that opportuni ties for graduates in IT sector are very high and can offer a good career. Due to stringent competition, more and more graduates are therefore taking up self employment in Information Technology sector. Now in this context, the researcher states that he needs to enhance his technical skills and needs to a get a technical certification for getting self employed. Therefore on a whole, the researcher believes that self employment in the IT industry can provide good opportunities and can help the researcher to witness growth in his career.

Essay for admission to Common Application Example | Topics and Well Written Essays - 500 words

For admission to Common Application - Essay Example What started out as an absorbing past time metamorphosed into the ruling passion of my life. By the end of Middle School, I went on to make a score of different models of cars, including those with their own mini motors. I gravitated towards Physics as my favorite subject, complemented by my deep enjoyment of Mathematics, particularly Calculus. I did some independent study of Topology, and was amazed at the difference it made to my perception of objects. Based on my love of Physics and Mathematics, and my abiding interest in ‘How things work,’ the choice of Mechanical Engineering as my major in college was just a very natural progression. Coming from a family which deeply respects the value of education and entrepreneurship (my father graduated from the reputed Korea University and my mother operates a sushi bar), the other dominant trait in my personality is my determination to make a difference to my world. My favorite past time is watching Science documentary programs on television. I consider Science to be humanity’s greatest benefactor. Scientific inventions are the bedrock of life and civilization. I intend to be in the vanguard of scientific innovation. I believe in my capacity to make a tangible contribution to improving the living conditions of my society: that is my idea of a truly intelligent Mechanical Engineer. I want to become a Mechanical Engineer who applies his skills to develop applications which make a tremendous difference to the everyday life of every strata of society. It is my firm belief that only a rock-solid educational foundation can help me achieve my goal. I am keenly aware that the acquisition of genuine mechanical skills requires both the understanding of theory and its practical application. This is possible only in an environment which encourages hands-on-learning and innovation in the classroom. I believe that the Mechanical Engineering  Department at the University of Michigan Ann Arbor, will

Memphis City school system & Shelby county school system a Term Paper

Memphis City school system & Shelby county school system a consolidated school system for or aganist - Term Paper Example School consolidation has been visualized as a means to resolve various rural issues. However, the application of this concept has also resulted in many potential complications along with solving issues, as discussed in this paper. Public perception of consolidation: Early educationalists, policy makers and reformers consented that unionization of schools was the fundamental requirement of the industrialized society. Their mutual consensus led them to speak in favor of the formulation of a centralized and increasingly urban educational model (Kay, Hargood, and Russell, 1982). However, not many parents in the present age favor the practice. This is because they want their children to be given due attention by the mentors, and want the educational environment to be conducive for good learning and academic growth of the children. My personal perception of consolidation: I personally am against the consolidated school system as it adversely affects the educational system and the learnersà ¢â‚¬â„¢ tendency to gain knowledge. People today are highly conscious and possessive about the quality of education their children are provided with in schools. Consolidated school systems crowd the classes with students. ... People generally hold a view that if the charter gets surrendered, it would consolidate Memphis City School and Shelby County School into one unit. Shelby County School has been running a successful academic record and has been managing and administering its system rationally. On the other hand, the Memphis City School is currently going through a crisis. Memphians have to pay a lot of tax, and the record is not up to the mark. The following SWOT analysis depicts the potential consequences of this consolidation. SWOT analysis of the consolidated school system: Strengths: Memphians may see a relief from the double taxation, who have to pay the taxes first for the county and secondly for the city. The City would find a relief from the payment for Memphis City School. MCS would hence, be able to save $78 million every year (Memphis, 2011). Weaknesses: MCS has a poorer record as compared to SCS. It might have to compromise upon many decisions that SCS would propose because of its inferio rity. There is likelihood of emotional distress in the Memphis students because of this union. Opportunity: Memphis schoolchildren would have equal opportunity of education as enjoyed by other schoolchildren that live in suburbs. The kids will have facilities as per their individualistic needs irrespective of their place in city or the county. The consolidation would keep the Shelby County School from acquiring the district status of a special school. If SCS acquires that status, it would separate the Memphis students from those in the suburbs and also, reduce tax base for the Memphis City School, which would potentially raise the tax for taxpayers in Memphis. The consolidation would prevent that from happening. Threats: There is an increased likelihood of frequent encounters

Shipping Logistics in the UK Essay Example | Topics and Well Written Essays - 1500 words

Shipping Logistics in the UK - Essay Example Data for the research will be gathered from both primary and secondary data where all participants will be selected randomly to reduce biasness in the research. Questionnaires will be used to help in data collection where telephone interviews will be used to help reduce cost of travelling. After data has been collected it will be analyzed using computer programs such as Ms. Excel and SPSS and presented using tables and graphs. Confidentiality will be observed as a strategy for enforcing ethics sin research. Background of the Research The term shipping has changed from what it was associated with in the past to include any form of transport moving goods from one point to another (Lun, Lai and Cheng, 2010, p. 12). Previously, the term the term was associated with water borne transport. Consequently this extended meaning makes the industry a complex and dynamic. Logistics is described as the management of the flow of commodities from the point of production to target point with an aim o f meeting the needs of customers and companies. Logistics calls for assimilation of information, inventory, transportation, warehousing, handling and packaging of materials and security of the goods. According to Fremont (2009, p. 1), for the last 50 years, containerization has turned into the prop of globalization. Additionally, this period has seen increased international trade and consequently this calls for efficient shipping logistics. Companies and businesses demand for better synchronized shipping activities in terms of location and space by development of logistics chains. The total value of the UK logistics industry was $105.7 billion in 2010 having grown by 9.9 percent in the 2009-10 fiscal years. This sector employs thousands of people and supports a significant proportion of the country’s economy. However, the sector is facing various constrains which may impede the efficient discharge of its responsibilities to different stakeholders. One primary concern in the s ector is the security threats caused by pirates and increased terrorism cases (Askins, 2012, p. 15). The other issue facing the UK shipping sector is that fact that with enlargement of European Union, competition has increased with the newer member states to the EU who have lower operational costs. Moreover, in the late 1990s, there was increased demand for bigger containers and tanker ships overstretched the capacity of the available ports thereby impeding trade. In light of these developments in this sector, it is critical to carry out a research into the shipping logistics in UK to understand the processes and procedures implemented by different companies to ensure smooth trade between UK and other countries. Aim and Objectives of the Research The aim of this research is to understand shipping logistics in United Kingdom; the process, procedures and policies that control shipping in UK. Moreover, the research will help understand any impediments to the shipping logistics in UK an d the problems faced by shippers in UK in relation to other shippers in the European Union. Objectives of the research 1. To find the security issues facing shippers in UK 2. To assess handling of goods at the port in UK 3. To investigate whether there is adequate capacity for shipping in UK Justification of the research Findings from this research will be help regulatory authorities make better informed decisions on

Case Study of Women and Global Leadership at Bestfoods

Of Women and Global Leadership at Bestfoods - Case Study Example Diversity should be maintained at all levels of the companies’ organizational structure. While ensuring diversity, however, managers of the subsidiary branches should be left with the freedom of formulating their own diversity policies by incorporating different cultural and economic aspects of their markets. Question 2: Brody’s idea to hold the forum I concur with Brody’s idea to hold the forum as one way of promoting diversity in the company’s workforce. The forum provided a great opportunity for the company to discuss the issues of diversity in detail and help each other understand the need to have a highly diversified workforce. Through the forum, various leaders of the company will be informed about the importance of diversity management and how a diverse workforce can steer the company to greater heights in to the future. Other ways through which the same objective could be met is by allowing the management teams of subsidiary companies to customize their own diversity policies based on the varying needs of the consumers in their markets. Question 3: Challenges for Brody and Shoemate in implementing the diversity strategy Like any other form of organizational change, this new diversity policy is likely to encounter resistance to change from various stakeholders in the organization. Conservative leaders are likely to be unwilling to implement the strategy and may prefer to maintain the status quo. Another challenge is the amount of resources and time that it will need to implement the policy. The employees will have to be trained and informed about the new strategies and this will take the organization a significant amount of time and resources. These challenges can however be overcome with proper management and cooperation between the management and the employees. Question 4: Steps taken to manage diversity prior to the forum Several steps were taken to manage the diversity situation in the company before the Women and Global l eadership forum. One such step was conducting a research in the company’s workforce in order to determine the best ways to improve it. There was a commission on Diversity already formed to look at the issues of diversity. By the time the forum took place the company was one of the best performing in the industry in terms of diversity, with women, Africans Whites and various other minority groups represented in the company’s Board of Directors. Question 5: Actions that have made this a successful change effort This new diversity policy has been a successful change effort for the company and this can be attributed to a variety of factors. First and foremost, there was proper planning that begun with a research study of the company’s workforce. The findings of the study led to the realization of the new path the organization ought to take. There was further planning and involvement of all the stakeholder in the company throughout the process. The success can also b e attributed to effective communication between the management team and other employees. Question 6: Other steps to be taken in order to institutionalize the changes that began at the forum In order to effectively manage and maintain diversity in the workforce of the company, there is need to put in place appropriate structures for assessing progress made by

Chinese Business Culture Essay Example | Topics and Well Written Essays - 1000 words

Chinese Business Culture - Essay Example Accordingly, business culture of a particular country can be defined as a specific way of business relations existing between the members of a company influenced by national cultural values and norms. National Influences Chinese business culture includes both conscious and unconscious national values, ideas, attitudes and symbols that shape employees behavior. The combination of Chinese language and religion creates a unique culture and traditions. At its deepest level, however, chinese business culture comprises a set of basic assumptions that operate automatically to enable groups of people to solve the problems of daily life without thinking about them. In this way, business culture is that which causes one group of people to act collectively in a way that is different from another group of people. Chinese business culture is influened by religious traditions including Taoism and Buddhism (Kenna, Lacy, 1994). Language Language plays a dominant role in every culture as the main tool of communication. Language can be divided into spoken or verbal language and non-verbal language, which includes communication through gestures, touching and other forms of body language that supplement spoken communication. The official language in China is Chinese, but it has verious variation and dialects. Mandarin is the official spoken standard of language, but the variety of dialects (Shanghaiese and Cantonese) creates a difficulty to communicate with firms in different parts of the country. In many cases, the official language of business negotiations is English, but it is highly recommended for businessmen to find an interpreter in order to understand subtle nuances of everything during meetings. For instance, "without special study of Cantonese someone from Beijing cannot understand residents of Guangdong or neighboring Hong Kong" (Business Culture throughout China, 2005). It is important to note that Chinese businessmen rely on subjective feelings in forming opinions and solving problems, and a message or speech should be very concise and laconic. Manners Collectivism is a remarkable feature of Chinese business culture which has a great influence on manners and personal relations. High individualism is a general aspect of culture in the United States and Europe; low individualism is characteristic of a Chinese culture pattern. It includes extreme respect for age and hierarchy. The delegation of power is very limited with most power holds by managing directors. The manners of Chinese businessmen are based on the Confucian concept of the Superior man. "Such rituals prescribe how the Superior man should behave when dealing with other people (as a means of exercising self-control by directing his emotions in the right direction (Williamson, 2003, p. 5). Face Expression or "Mian-zi" Some implications of 'face' for expatriate managers include the need for extreme caution and reflection in Chinese business communication. 'Face' can be put to good effect through displays of public recognition for exemplary accomplishments at work and more generally in the design of effective reward systems. Loss of self-control by a businessman through displays of anger and threats signal weakness and contributes to a loss of 'face' (Seligman, 1999). Gestures Because of differences in traditions, customs, religions and related cultural features of a society, extreme care should be taken in selecting gestures that can convey

Why I Want a Wife Essay Example for Free

Why I Want a Wife Essay Matthews and Cofer both came from different cultures and both have problems. They lived two completely different lives. Both Matthew and Cofer worried about their friends excepting the fact that they had another culture. They both lived in the United States but had another life that they didn’t like sharing, but their family would not let them forget about it. In â€Å"Don’t Call Me a Hot Tamale† Cofer, â€Å"Pick One,† Matthews, and â€Å"My Two Lives,† Lahiri all face similar adversity, social problems, and tough decision. In all three stories they have different but sometimes life changing decision to make. In â€Å"Don’t Call Me a Hot Tamale,† Cofer, â€Å"Pick One,† Matthews, and â€Å"My Two Lives,† Lahiri all have different yet similar adversity. They all face dilemmas in their everyday life. In â€Å"Don’t Call Me a Hot Tamale,† Cofer gets criticized for the way dressed. When she dresses like her mother and grandmother was taught to wear. They dressed to look sexy for themselves. But others looked down on her for that. In â€Å"Pick One,† Matthews he has to make a decision that he would have to live with the rest of his life. Either he chose to be white or black. Matthews was both black and Jewish. Matthews’s mother was Jewish and his father was black. When he went to his first day of his new school, the kids looked at him. They made him chose black or white. In â€Å"My Two Lives,† Lahiri never got to forget about her second culture. Her parents reminded her every day. Social problems were a big deal for Cofer, Matthews, and Lahiri. They all went through some kind of social problems. In â€Å"Don’t Call Me Hot Tamale,† Judith Ortiz Cofer has social problems because of the way she dresses. People don’t want to talk to a person like her that dresses like that. One night she was having dinner at a nice hotel and after she ate, she went back to her room, and on her way a middle-aged man in a tuxedo stopped her and started singing her a song. In â€Å"Pick One,† David Matthews he has social problems at his new school. One day in the hallway, on his way to class some of his classmates stopped him. Some of the kids were asking him black or white? â€Å"What are you. † He had never heard that before. He went on about his business. Later that day, it was lunch time. He walked into the lunch room and he knew right then he had to pick. It was a very hard decision to make. He made the decision to be white because they looked the most like him, and had more in common with them. In â€Å"My Two Lives,† Jhumpa Lahiri was afraid her friends wouldn’t accept her because she had two cultures. But her parents wouldn’t let her forget about her other culture. She spoke English without a accent, she comprehended the language in a way her parents couldn’t. Because of her looks she did not attend Sunday school. Conflict of growing up was hard for all three of these people â€Å"Don’t Call Me a Hot Tamale,† Cofer, â€Å"Pick One,† Matthews, and â€Å"My Two Lives,† Lahiri all moved from a different country when they was young. They had to learn a new language, understand how to speak English, and make new friends. Even after they mastered the language people still looked at them differently. Judith Ortiz Cofer had to live with people looking at her for the way she dressed. But that was how her mother and grandmother dressed. David Matthews had to live with making a decision that would follow him the rest of his life. His mother was Jewish and his father was black. He had a lot of conflict while he was growing up. Jhumpa Lahiri parents wouldn’t let her forget about her other culture. Hey told her until they pasted away that her second culture would be in her life. In â€Å"Don’t Call Me a Hot Tamale,† Judith Ortiz Cofer, â€Å"Pick One,† David Matthews, and â€Å"My Two Lives,† Jhumpa Lahiri all have different yet similar adversity’s, social problems, and conglict of growing up. In all three stories they all go through life changing experiences. Cofer goes through things because of the way she dresses. Matthews goes through school and has to pick what color he is. And last Lahiri worries about her friends accepting her for who she is.

What Has Nationalism Done To Europe?

What Has Nationalism Done To Europe? Nationalism had a great impact on the European countries; I think that the concept of nationalism and liberalism was expanded by Napoleon and French revolution and gained more attention between 1750 and 1914. As states were up-and-coming, natives were having pride in their states and their society. Societies were segregating in various small clusters and they were proud of what they were. In 19th Century, Nationalism played very significant part in the progress of Europe. Because of common national-identity, various small states were united and transformed into a Country, such as Germany and Italy. Whereas, few more countries were emerged on the globe by achieving independence; these countries are Romania, Greece, Poland and Bulgaria. Progress and Development of the concept of modern nation state became easier by French Revolution. All over Europe major think tanks questioned the old monarchial order and expedite the growth of a popular nationalism devoted to re-sketch Europes political map. French Revolution played a vital role in Europes political transformation by demolishing the long-established structures of power and control in France and its territories that were conquered by Napoleon. Slogan and Idea of liberty, equality brotherhood and liberalism national self-determinism (respectively) was carried out by Revolutionary armies. National awakening also grew out of an intellectual reaction to the Enlightenment that emphasized national identity and developed a romantic view of cultural self-expression through nationhood. German philosopher Georg Wilhelm Friedrich Hegel was the key supporter and promoter of the modernized idea of the nation-state. He supported that wisdom of nationality was an adhesive bond that held modern civilization together in the era when dynastic and religious adherence was in slump. Strong powers of Europe attempted to reinstate the old dynastic system, overlooking the codes of nationality in support of legitimism, the declaration of customary claims to royal power, this attempt was made in 1815, when Napoleon ended his wars. With most of Europeans still loyal to their local states, nationalism was limited to small clusters of scholar, philosophers and political radical. Moreover, political domination, represented by the Carlsbad Decrees published in Austria in 1819, pushed nationalist protest underground. Term nationalism can be defined in many ways I think it is a supposed identity of oneself within geographically organized political collectivity is called Nationalism. In other words we can say nationalism is a loyalty or devotion to the wellbeing of ones nation. I belief that in nationalism nation beliefs that they will benefit from acting autonomously rather than collectively and they emphasize more on national goals rather than international goals. In early days of Europe before the growth of nationalism, people were generally faithful (loyal) to a city or to their particular leader rather than to their nation. At the end of 18th century American Revolution and French Revolution were started. Napoleon was the founder of nationalism. He did everything for his country. French nationalism destroyed realm (monarchy system). Johann Gottfried Herder was the first person who coined the word nationalism during the late 1770s. As per my knowledge the term nationalism is normally used to explain two phenomena: (1) the attitude which members of a nation have when they are particular about the national identity (2) the actions taken by the members of a nation when seeking to accomplish self-determination. Nationalism came into the focus of idealistic debate for last two decades. The flow of nationalism usually presents an ethically ambivalent and fascinating picture. Nationalism is different from patriotism .Patriotism is love for mother land. Nationalism is extreme love and pride for a country. Now of course there is no harm of being proud of your country if your country is really good in the world (developed and stabled). But to be proud of your country, only because, it is your country is very foolish. Nazism/Fascism is extreme examples of nationalism. Generally, nationalism is considered as a more negative concept as compare to the more positive ones. Nationalism is linked directly to racism. The nations often see themselves as higher and right when in fact they are not. Nationalism has several negative and positive points which can be explained as: Patriotism and national pride; these two things are opposed to national apathy. People consider the wellbeing of the nation to be important in their lives. People are motivated to fight against enemies. People stay together in every crisis situation such as an invasion or a natural disaster. Definitely, loving your country rather than others is a good attribute. Here I would like to give an example of Japan, Japan became a great nation in terms of technologies not only because they are good but because they really love their country. Nationalism on the other hand is the love of ones nation above everything, even our own humanity, above morality, and sometimes above common sense. Apart from positive points nationalism also has some negative points such as: Narrow-mindedness and intolerance. Nationalism can be a destructive force within as well as outside the country, it leads to fragmentation. Misuse or exploitation of the people by their leaders. The creation of false enemies. Either in the form of actual people or in concepts, nationalism tends to create the existence of opposing forces, those who are a threat to the nation. I think nationalism causes people to analyze anything different from their countrys way of doing things as a bad thing. Nationalism is simply blind hold up (support) of your country no matter what are the circumstances. And blind respect and support is inhuman, foolish, and will ultimately lend you to being controlled by a person with a powerful will. Nationalism goes against the concept of progressivism. History has shown that any attempts to prevent progressivism will do nothing but destroy you. In contradiction nationalism can be ugly due to a common cause people from overseas can be frowned upon and looked as unequal figures. Nationalism was not only in Europe but it was spreading all over the world especially after the World War 1. Another extensive effect of the war was the rise of nationalism in Asia and Africa. In Asia Japan was suffering from aggressive nationalism, the first Eastern country which transformed itself into a modern state. The leader of the Indian National Congress, Mohandas Gandhi, deeply encouraged his people for national independence. The leader of a famous party named the Nationalist Peoples Party in China was also motivated for a successful national revolution. After World War II (1939-1945) many colonial countries became economically weak because of aggressive nationalism and they were influenced by political liberalism. Many countries willingly granted independence to their colonies. After war nationalist movements resulted in many new nation-states, including Israel, Morocco, Libya, the Sudan, Ghana, the United Arab Republic (Egypt and Syria), and Iraq. In the 1960s and 1970s many once British, French, or Belgian colonies in Africa became independent. During the 1990s Jewish, Arab, and Palestinian nationalist parties continued to generate political instability in the Middle East. In Eastern Europe the decline of Communist rule contributed to the ending of the Union of Soviet Socialist Republics (USSR), Yugoslavia, and Czechoslovakia. In the 19th century, an idea of romantic nationalism moved the continent of Europe changing countries of the continent. Some countries, such as Germany and Italy were created by uniting different smaller states with a common goal which was national interest or national identity. Other countries such as, Greece, Poland came in to being after winning their independence. I think the whole story of nationalism started when the French Revolution tiled the way for the modern state. In 1914 number of multi-national empires was increasing drastically. The French Revolution which was started by Napoleon by conquering number of French territories. This was the time when political transformation of Europe was started. The armys slogan was liberty, equality and brotherhood and their ideas were based on liberalism and national identity. In 1815, when Napoleonic wars were about to end, the major powers of Europe tried to re-establish the old monarchy system. Most of the people of Europe were still faithful to their home city. If we talk about impact of nationalism in Eastern Europe so the major problem was nationalism as well as communism. Communism itself is a very narrow and weak idea. On the other hand when nationalism interacts with communism it creates political problems and it weaken the nation. The nationalism has an impact on communism twice but it depends on circumstances. It can strengthen communism among independent and strong countries just like Soviet Union (which was part of Eastern Europe). Or nationalism can weaken communism in dependent and weak countries. Nationalism clearly has the potential to either strengthen or weaken different nations. When nationalism was spreading in Eastern Europe it started destabilizing different empires such as Hapsburg and Ottoman. Russia was involved in Balkan political system in which they started pretending to be somebody or something just like a champion and they imposed Slavic liberties against the Slavs of Turkey and Austria. This increased tensions be tween Austria, Turkey, and Russia and led the states towards World War I. As per my learning nationalism was everywhere in Europe after World War 1. There were number of nationalistic Socialist parties in Italy, Spain, Romania, France and United Kingdom. But those parties were not as successful as the parties which were in Germany and Italy. Most of the people of socialist party were involved in aggressive crimes and they provided harm to many people. Because of that, the Nazi parties in England, France, and Romania failed. The first nationalistic government was formed in Italy and after that Germany and Spain decided to unite with Italy in the fascism government. Nationalism in Europe was pretty much everywhere in Europe after World War 2. One of the most negative examples of nationalism in this century is of Adolph Hitler in Nazi Germany. Adolph Hitler suffered from aggressive nationalism, which resulted in the deaths of millions of innocent people. I think nationalism has given great harm to the European world especially Western Europe and I would like to support my argument by giving an obvious example of Germany. Germans were famous for their discipline, music, strong army and law and order. It was a rising country. But they were very nationalistic and soon they started suffering from aggressive nationalism. German people felt pride in their nation and in their leader, who was bringing Germany back as a world power. Germany was united in 1860 by Bismarck. It had dozen of German states. Around 1870 Germany defeated France and took over the area called Alsace-Lorraine. They used to think that they are supreme and everyone else is inferior and they will rule the world. They called their country as the greatest country in the world and the rest of the countries are weak and inferior to them. Nationalism was the main reason of world war. Adolf Hitler propagated aggressive nationalism. Hitler was a very brave man, full of aggressive nationalism. He had an extreme love with the Germany. He used to say that Germany is a great country and its the superior of all. At that time World War I, the Allied Powers (France, Great Britain, Russia, the United States, and other smaller counties) and the Central Powers (Germany, Austria-Hungary and Turkey/Ottoman Empire, along with other smaller country support). When 1st World War took place in 1914 Hitler was a soldier of the German army. He wanted Germany to continuously fight against enemies. Germany was having lust of colonies so they started conquering different colonies of Europe. This was the main reason that Germany lost the war. Germans were treated very badly. Germany lost its population, land, their rivers were internationalized, and they lost Alsace-Lorraine. Germany was forced to disarm. France and Britain forced Germany to sign the Treaty of Versailles. This peace treaty was completely against the Germany. It was a harsh treaty. Hitler was completely against this treaty. He was depressed when Germany surrendered on 11th November 1918. After some time he joined a small party and was called to make a speech. His speech was so spectacular that everyone was fascinated by him and then Hitler took over the party and named it as NAZI PARTY (National Socialist German Workers Party). Hitler was anti-communism anti-Semitism, means he was against the Jews. His main goals were to abolish Treaty of Versailles, unite Germany and Austria, remove the Jews from Germany and build a strong central government in Germany. Hitler claimed credit and consolidated his position as a dictator, having succeeded in eliminating challenges from other political parties and government institutions. The German industrial machine was built up in preparation for war. In November 1937, he was comfortable enough to call his top military aides together at the Fuehrer Conference, when he outlined his plans for a war of aggression in Europe. Those who objected to the plan were dismissed. Hitler wanted Germany to rule over the world. He wanted to conquer the whole Europe. Not only Germany but Japan was also suffering from aggressive nationalism. This caused the 2nd World War. I think at the end of World War 2 entire Europe was tired not only by war but also by the internal phobia of two of its major people; Hitlers Germany and Stalins Soviet Union. These two countries went insane, killing their own people and citizens of states which they occupied for reasons that were hardly clear. From my point of view, the anxiety and killing resulted by two world wars on both countries ended up with a mental breakdown. Nationalism was a great worry of that time. I think nationalism had an adverse impact on Europe and it had disturbed entire European community. European nationalism was always deeper than simply love of ones people. Europe is not necessarily unique in this, but it has experienced some of the greatest disaster in history because of it. European ideas of nationalism were repeated everywhere by people who developed their own particular variety of nationalism. But the idea that societies will be organized into nation-states were accepted. COMPANY: KIER GROUP PLC COMPANY: KIER GROUP PLC INTRODUCTION Kier Group plc is a leading company involved in construction, development and services specialising in building and civil engineering, support services, public and private house building, property development and the private finance initiative (PFI). The Groups annual revenue is  £2.4bn and 11000 employees are employed by it worldwide. Kier Group plc deals in four divisions which are Health, Education, Custodial and Retail. Each of the Groups four main divisions is focused on being best in its class. This rare offering of in-house capability, coupled with our strategic alliance business units, presents Kier as one of few organisations able to offer complete solutions for the delivery of a wide range of innovative schemes, frameworks and strategic alliances. Operating from a network of over 50 offices nationwide, all of Kiers locally known and well established business units enjoy particularly high levels of partnered projects and repeat business. The Group also operates overseas, including the Gulf, the Caribbean and Eastern Europe. MISSION STATEMENT By providing our clients with the highest possible quality of service and through the Sustainable and profitable growth, our vision is to be the most highly respected company in the industry. à ¢Ã¢â€š ¬Ã‚ ¢Ã‚  Be enthusiastic, open and honest à ¢Ã¢â€š ¬Ã‚ ¢Ã‚  Be proactive, committed and safe à ¢Ã¢â€š ¬Ã‚ ¢Ã‚  Be a team à ¢Ã¢â€š ¬Ã‚ ¢Ã‚  Be KIER By maintaining our core values and remaining focused on improvement and delivery, our vision will become reality. (WWW.KIER.CO.UK) 1.  Understand the impact of projects and project management on strategic objectives. 1.1  Asses the purpose of project planning and management. Planning is actually about thinking ahead. A project is a well-defined set of activities or actions that is completed in order to meet the projects goals usually under taken to add value or bring about a change. Each task or activity has an independent start and end but they must be completed in a given sequence. A project management is a process of planning and managing resources within a time frame in order to achieve the projects goal. Project management is the discipline of defining and achieving targets while optimizing the use of resources like time, money, people, space, etc. the planning engineer coordinates following management resources: People/skill/manpower, Money, Materials/logistics, Machines e.g.: computers Project management constitutes all the activities needed to plan and complete a project like deciding needs, cost estimation, appointing suitable staff, defining responsibilities, scheduling and arranging things for work. Project management knowledge and practices are best described in terms of their component processes. These processes can be placed into five process groups are initiating, planning, executing, controlling, closing. A typical stage project process framework Organization frame work Culture System System structure Process Before starting the project we have to understand the level of the strategic management Project leader Project team member Upper manager Project manager Resources manager Line manager Product manager Product user group Project testers Strategic Leaders Strategic leaders are generally responsible for large organizations and may influence several thousand to hundreds of thousands of people. They establish organizational structure, allocate resources, and communicate strategic vision. Strategic leaders work in an uncertain environment on highly complex problems that affect and are affected by events and organizations outside their own. Strategic leaders apply many of the same leadership skills and actions they mastered as direct and organizational leaders; however, strategic leadership requires others that are more complex and indirectly applied. Perhaps of principal importance because they exert influence primarily through subordinates, strategic leaders must develop strong skills in picking and developing good second-tier leaders.

The Types Of Conflict Social Work Essay

The Types Of Conflict Social Work Essay PART 1 Introduction As individuals we work with people, interact with them and might disagree or agree with them on issues. Conflict management means putting in place ways that reduces bad aspects of conflict and raising the good aspects of it at standards the same or higher than the place where the conflict took place. Additionally, conflict management seeks to improve learning and group results, that is capability or performance in a business environment (Ra him, 2002). People might disagree in decision making because they might have ideas of their own. Conflict may be important to groups and businesses, when managed well, it increases group results (e.g. Alpert, Osvaldo, Law, 2000; Booker Jame son, 2001; Ra-him Bono ma, 1979; Kuhn Poole, 2000; Church Marks, 2001). Part 1 of this paper explains conflict, its types and my experience of it at Mining Building and Contractors Ltd ( MBC,Obuasi), Ghana and a conclusion at the end. Part 2 of this paper explains building trust, relationships and communic ations, the importance of these skills to an organization as well as a personal reflection on these skills and a conclusion. Conflict may be defined as a basic variance between individuals due to differences of opinions, ideas, beliefs, values, needs or objectives. Types of Conflict Intrapersonal It is a conflict that develops within an individual when he argues with himself about something. It could be simple as wanting to use office item for personal use when he knows he shouldt be doing that. Interpersonal It is a conflict between two separate individuals, this form of conflict is what people typically have in mind when they think of conflict. Functional Ambiguity and role specifications in organizations could create problems. Intergroup This conflict normally happens in the cases of various ethnic or racial groups. Each group could feel threatened and may feel that their respective culture is not duly respected. Conflict Management Conflict management is about helping improve the positive aspects of conflicts. It does not necessarily mean doing away with conflicts. Personal experience I worked at MBC Ltd, Obuasi with a colleague at the Accounts Office. My colleagues uncle was the Marketing Manager but wasnt in good terms with Mr. Ocloo, the Accountant, who was our boss. I got to know our boss was someone who was really passionate about his work and disliked lazy and insolent people. I built a strong relationship with my boss and always listened to and respected his views. My boss observed my colleague most of the time missing at the office, this continued for a few weeks. My colleague had been visiting his uncle during periods which there were no work at the office. One day I returned from an errand to find out my colleague had had a confrontation with our boss because of his continuous absence during working hours. He also had reported the case to his uncle who had come and exchanged words with our boss and had worsened the situation. I quickly called my colleague and spoke to him about the way our boss had observed him for a long period before voicing out his fr ustration. I recommended to him outside apologizing to our boss. I also advised him to go back to his uncles office to calm him down. I then ensured he explained things to his uncle and admit it was his fault to make peace. I later talked to my boss for hours explaining that, my colleague was at fault but he really left when we had finished with our work. I wanted to make sure the case does not escalate to higher levels and wanted it solved that day. It wasnt easy because we had to stay behind after office hours when everyone had left to resolve the issue. Both my colleague and his uncle came back with my colleague apologizing and acknowledging the mistake that brought about the conflict. I helped solve the solution because it would have really developed into a real mix-up which would have brought other parties and disciplines into the matter. Conclusion Every day we work with people, who might wrong us or rub us in a way. I personally think conflict is unavoidable but can be managed. At the workplace individuals should always be thoughtful and always try to negotiate with fellow workers to resolve conflicts. Workers must be sensitive to the feelings of other workers and understand that individuals may react to anger, fear and frustration. Workers should provide viable solutions to problems amongst themselves. Mangers should identify and analyse the reason for conflict to understand the root cause of conflict. Any solution for resolving the issue should be aimed at doing away with the root cause. Managers need to have good communication skills to be able to empathize with all the concerned parties and put across their solutions convincingly. Conflicts should be resolved in a healthy way without favouring any individual; all parties involved should be treated with respect and spoken to politely. Managing conflict effectively is valuab le in the progress of an organization. PART 2 Introduction Nowadays, businesses are looking for ways to help maintain trust, build good relationships and acquire communication skills in helping them achieve growth in their workplace. Trust is explained as the condition of preparedness for an interaction with something or someone without protection (Duane C. Tway, Jr.,1994). Trust, relationships and communication at the workplace is very essential to the success of a business and wellbeing of people at work. Trust is seen by others as equivalent to trustworthiness, explaining trust in the subject of individual traits that stimulate positive expectations on other individuals behalf(e.g., Butler Cantrell, 1984; McKnight et al., 1998).Organisational relationships can be grouped into functions, departments and teams; union, staff and the management. These relationships are influenced by how people individually treat each other in the workplace, http://www.dol.govt.nz/er/bestpractice/prc/infosheets/GPG-WP-RELATIONSHIP.pdf (Accessed on 03/12/12). Culture of trust is beneficial in disorganized and uncertain places, (Bjerke, 1999). Why the need for Building Trust, Relationships Communication? Effective communication, trust and good relationship with workers is an organization is vital in attaining results, eliminating stress and providing a vibrant atmosphere where workers feel free to ask for help, share opinions and also actively contribute in progress of organization. These skills help encourage team members encourage each other and work efficiently and effectively. Fostering these skills in the workplace enhances decision making and implementation in an organisation. Trust gives way to developing a relationship more effective between the trustor and trustee (Blau, 1964). To build successful relationships in workplaces involves trust. Trust brings about efficient communication, healthy relationships and employee motivation in an organization. Having these elements at the workplace motivates employees to work harder. The existence of these skills in the workplace makes organizational goals easy to achieve. Any organisation that excels in these skills is able to get thin gs done progressively and successfully. Personal Reflection When I started work at MBC Ltd, (Obuasi), the first thing I did was to learn and quickly adapt to the organisational behaviour and culture. The next thing was to win the trust of fellow workers and build good communication levels and relationships with them. I was humble, obedient and was always eager to work. I became more involved in issues of workers in the company. This made me my boss favourite and made him sometimes go to the extent of discussing his personal issues with me. I had already won his trust and had built a vibrant relationship with him. As a new worker of the company, it was not done overnight but through hard work I was able to achieve it. If I saw workers not in good terms at work, I will quickly try to address it. I will have a conversation with the people involved and if it was still not working, I will try a higher authority. I always made sure that no party felt betrayed or offended but it was always a win-win case. I also kept private information from others confidential. When we had finished with work and the place seemed boring I would suggest a group meeting where we thrived on issues to be addressed at the office. We did this at least two times and really helped us a lot and always brought the best in us. I suggested this to fellow workers but did not work at start because some managers did not agree with the idea. Gradually interest for it grew and the company now holds a special meeting once every month where selected workers from various departments share views and discuss problems facing them to managers. This really improved communication and enhanced good relationships and trust in the organization. Conclusion Communication, trust and relationships can be improved in all workplaces, no matter the size of the company. The basis of an individuals interaction in the workplace is through these skills. These skills are very important and should be amalgamated into team building in every organization. Individuals should be encouraged to stop engaging in activities that will reduce trust existing between workers. Workshops and meetings should be organized to prepare and educate workers on developing good communication skills and fostering healthy relationships among themselves. It is never easy to impress or satisfy everyone at the workplace because we are human but we must also know that it takes a lot of effort to fix a broken relationship or trust that existed between workers than to prevent it from happening. If any company wants to move from being just a working group to a high performing one these skills must be taking seriously. None of us is perfect but we can be much more effective and e fficient if we work on building good relations, having easy and simple communication systems and being trustworthy. This will inspire and influence others to help build a successful business environment.

Notes on the Blank Verse of Christopher Marlowe :: English Literature

Notes on the Blank Verse of Christopher Marlowe "Marloe was stabd with a dagger, and dyed swearing" A MORE friendly critic, Mr. A. C. Swinburne, observes of this poet that "the father of English tragedy and the creator of English blank verse was therefore also the teacher and the guide of Shakespeare." In this sentence there are two misleading assumptions and two misleading conclusions. Kyd has as good a title to the first honour as Marlowe; Surrey has a better title to the second; and Shakespeare was not taught or guided by one of his predecessors or contemporaries alone. The less questionable judgment is, that Marlowe exercised a strong influence over later drama, though not himself as great a dramatist as Kyd; that he introduced several new tones into blank verse, and commenced the dissociative process which drew it farther and farther away from the rhythms of rhymed verse; and that when Shakespeare borrowed from him, which was pretty often at the beginning, Shakespeare either made something inferior or something different. 1 The comparative study of English versification at various periods is a large tract of unwritten history. To make a study of blank verse alone, would be to elicit some curious conclusions. It would show, I believe, that blank verse within Shakespeare's lifetime was more highly developed, that it became the vehicle of more varied and more intense art-emotions than it has ever conveyed since; and that after the erection of the Chinese Wall of Milton, blank verse has suffered not only arrest but retrogression. That the blank verse of Tennyson, for example, a consummate master of this form in certain applications, is cruder (not "rougher" or less perfect in technique) than that of half a dozen contemporaries of Shakespeare; cruder, because less capable of expressing complicated, subtle, and surprising emotions. 2 Every writer who has written any blank verse worth saving has produced particular tones which his verse and no other's is capable of rendering; and we should keep this in mind when we talk about "influences" and "indebtedness." Shakespeare is "universal" (if you like) because he has more of these tones than anyone else; but they are all out of the one man; one man cannot be more than one man; there might have been six Shakespeares at once without conflicting frontiers; and to say that Shakespeare expressed nearly all human emotions, implying that he left very little for anyone else, is a radical misunderstanding of art and the artist-a misunderstanding which, even when explicitly rejected, may lead to our neglecting the effort of attention necessary to discover the specific properties of the verse of Shakespeare's contemporaries.

Mr Collins: Character Review :: Free Essay Writer

Mr Collins: Character Review We first hear of Mr Collins, one of Mr Bennet’s distant cousins, in a letter addressed to the family living in the house which after Mr Bennet’s death will become his own. In this letter he sounds very pompous, irrelevantly reiterating and repeating the name of his patron, Lady Catherine de Bourgh. Mr Collins is honest that he has an ulterior motive for wanting to stay at Longbourn: he wishes to take the hand of one of the Bennet sisters in a marriage which would ensure that at least one daughter of Mr Bennet would remain comfortable, living at Longbourn as ‘Mrs Collins’. He does not ask to stay at Longbourn, he expects his stay to be welcomed, and even desired, by the Bennet family. â€Å"I remain, dear sir, with respectful compliments to your lady and daughter†: this quote shows how ingratiating Mr Collins is: a side of his character which the reader sees more readily during the rest of the novel. Having previously thought Mr Collins was an â€Å"odious man†, Mrs Bennet is quick to change her mind after Mr Collins made compliments towards her daughter (and herself) in the letter. Upon arrival at Longbourn Mr Collins assures that â€Å"the young ladies I come prepared to admire†. The word ‘prepared’ in this quote gives the implication that Mr Collins does nothing in a rash manner and has everything planned in what appears to be quite a sly way. Once inside the house Mr Collins begins to commend each and every item of furniture within it. Mrs Bennet would on any other occasion have been delighted at this, but she knows that when Mr Collins entails the estate all that he admires will be his own. Mr Collins believes that by ingratiating Mrs Bennet about her house he will please her, but this begins to vex her a fair deal. â€Å"The girls were not the only objects of Mr Collins desire†, here we can see that Mr Collins views the girls as nothing more than materialistic, as objects. By the evening, Mr Collins is getting somewhat tiresome as he â€Å"eloquently praises† his patron, Lady Catherine de Bourgh, with great vivacity and unstoppable determination. â€Å"Lady Catherine was reckoned proud by many people†; Mr Collins cannot see that Lady Catherine is proud because he is proud himself and rates Lady Catherine very highly: perhaps high enough to warrant a little, or is Lady Catherine’s case a lot, of pride.

The Batek of Malaysia Way of Life

The Batek of Malaysia Way of Life Amos Shaw Ant 101 Sean McCoy April 23, 2012 The Batek of Malaysia Way of Life This paper will discuss the values and beliefs, the political organization, and the gender of relations of the Batek of Malaysia. Batek are Semang or Malayan Negritos, numbering 700-800 in 1995. The Batek of Malaysia’s primary mode of substances is Foragers. Foragers are hunting and gathering lifestyle, it is one of the oldest forms of human society. The Batek have held on to their traditional way of life for years. How do you think it was possible for them to maintain their way of life through many different generations?My paper is on The Batek of Malaysia which is a group of people of Aboriginal; they lived mainly in the watershed of the Lebir River in the peninsular Malaysian state of Kelantan and along the northern tributaries of the Tembeling River in the Pahang state. They are typically shorter than other Southeast Asians with dark brown skin and curly to wooly hair. They are a Southeast Asian rainforest foraging society who lives in camps with at least five or six nuclear families. They survive by hunting, gathering, and trading their forest products.The Malaysians stayed to themselves besides recent contact between the Batek and outsiders occurred largely on an individual basis, with individual Malay farmers living along the main rivers of the area. A majority of the Batek community are being logged to make way for rubber and palm oil plantations and for land development schemes intended to provide family plots for landless Malay farmers. The Batek values the freedom that their way of life provides, they are able to move around freely and are able to move around freely and participate in any economic activities.They have no formal leader, but women and men can be assigned the title as a headmen but this does not assign to special authority or privileges. Values and Beliefs They believe in a group of supermen surrounding the sea and the land. They believe that they were discriminated the Batek from ordinary humans, and were created by a superpower being. They believe the superpower being created all the plants and animals in the forest. They ask everything they require from the super humans, including the cure to diseases.They are motivated by the compassion extended to them and they cannot fail to give back and if they do they have terrible consequences from the supernatural that would be beyond their control. The Batek believe that one of their diseases, ke'oy, consisting of fever, depression, shortness of breath, and weakness, is caused when someone is angry with another without justification. The cure for the disease is that the person responsible for the problem treats the victim with various folk remedies, tells the victim's heart to be cool, blows on his or her chest for the cooling effect, and grasps and throws away the disease.They believe that living in the forest is cooler and healthier than living in th e heat of the clearing, forest are also preferred because it gives refuge from other people. They are opposed to interpersonal violence, they avoid violence. Political Organization They live in domestic groups forming a camp of no less than three. They reside intents with ten people per tent. Land ownership does not exist, the bateks don’t think of themselves as landowners but as land administrators. They still have their own surrounding land.They had no leadership; the leaders treated themselves as equals. Bateks had no formal conflict resolution procedure; they had private discussion if a conflict comes between family, camp, or group. If it is a serious problem then they will have the input of all members of their camp to assist in the argument. If there is no resolution then they will remove them from the camp to cool down the situation. Gender Relations There are no special influences specifying duties of either gender, they are highly egalitarian which means that they pr actice equality.Women and men have a strong bonds and the subsequent sharing of the same. They each produce their share of food men hunt while women gather vegetables, and fruits they are valued equally. The women are still able to hunt if they choose to because there are no rigid rules. They have no major rules that tell what the roles of the different sex’s men and women play a part in agricultural activities. The men also gather tubers and other plant foods. Their main cash producing activity is their collecting of rattons. Decisions making is a shared responsibility to couples.The women and men chose their own marital fate; the parents can try and persuade their children on whom they want them to marry but they cannot demand or require them to marry anyone. They are known to marry because of physical attraction and love; they also desire a partner who is industrious and will participate in household activities (Endicott & Endicott, 2008). In foraging society virginity is not important some married couples were adolescent partners who had relationships before. They do not have marked ceremonies, a couple is considered married when they begin living together.When a couple no longer resides together they are no longer considered married. They are normally close because they work together in a close proximity. Either can end the marriage and then they depend on the family. Husband and wife are considered equally important. The JOA has been trying to prepare them for hard times. The Batek will probably continue to forage in the forest as long as they can. They will have to supplement their foraging more through wage labor working for the logging companies or the new plantations. Recently young Batek men joined the Malaysian army.There are wage earning jobs on plantations, such as tapping rubber or cutting grass. Batek women will be able to get such jobs in the future and thus retain some of their economic independence. Malaysian government has tried to p romote economic a social assimilation and it is slowed by such arrangement. When the Batek finally settle they will live in homogeneous villages or neighborhoods. This paper discusses the values and beliefs, the political organization, and the gender relations of the Batek of Malaysia. It shows the different ways of life and how they chose to lead theirs.They are a very open and equal community who values both men and women equally. From the information I gathered I do not think it was hard for them to maintain their way of life because they have a fair society. Their people are treated fair and they are all given equal opportunities. References I. VI. 5 The Batek of peninsular Malaysia. (2006). In The Cambridge Encyclopedia of Hunters and Gatherers. Retrieved from http://www. credoreference. com/entry/cuphg/i_vi_5_the_batek_of_peninsular_malaysia I. VI. 1 Introduction: Southeast Asia. (2006).In The Cambridge Encyclopedia of Hunters and Gatherers. Retrieved from http://www. credoref erence. com/entry/cuphg/i_vi_1_introduction_southeast_asia II. II. 5 Traditional and modern visual art of hunting and gathering peoples. (2006). In the Cambridge Encyclopedia of Hunters and Gatherers. Retrieved from http://www. credoreference. com/entry/cuphg/ii_ii_5_traditional_and_modern_visual_art_of_hunting_and_gathering_peoples â€Å" Nowak, B. , & Laird, P. (2010). Cultural anthropology. San Diego, Bridgepoint Education, Inc. Retrieved from https://content. ashford. edu `

Myths that Hide the American Indian Essay

Nearly every adept in this bena is guilty of stereotyping against a certain race, religion, heathenish group, nationality, etc. One of those groups that are sterile is the autochthonic Americans. Ever since the Europeans discovered the new-fashioned World, there drop storys or so the indigene Americans that lead to this stereotyping. In the shew, Myths That Hide the American Indian by Oliver La Farge, some of those rancidhoods are brought up.Due to these fables about the inseparable Americans, peoples views, past and present, of who and what they are have become extremely distorted, or essentially hiding the inhering Americans from black-and-blue people. One of the many legends that the Europeans created about the autochthonic Americans is that they are bloodthirsty, ruthless savages. Oliver La Farge does a good job in his essay of discounting this myth by giving aggregate examples of how nearly groups of aboriginal Americans were a undisturbed group of peopl e that righteous were non quite as well unquestionable socially, economically, technologically, etc.as the Europeans. Because of this lack of learning on behalf of the inborn Americans, the Europeans looked at the ingrained Americans as uncivilized savages. The reason that this myth was even created was to justify the slaughtering of thousands of homegrown Americans at the hands of the Europeans, with the justification being that they were middle-level beings, which is another myth brought up. Once the Europeans had crushed the Native Americans, this myth was altered, now proclaiming that the Native Americans were drunken, unemployed good-for-nothings.La Farge also discounts this part of the myth in his essay. Going back to the accuse of the Europeans thinking they were blue-ribbon(prenominal) a superior race when being compared to the Native Americans, that would proceed in any situation if the wad were similar because it is human nature to intend that if one race ab le to conquer another race, then they give deliberate they are superior. This is one of the continuing myths that have hid the Native Americans from sporting people.Another one of the myths that plagued the Native Americans is that the early European settlers tended to happen upon that all or most of the Native Americans had one nuance and that they were all at about the same stage of development. This myth could not be promote from the truth. The tribes and nations that intermeshed North America varied enormously, and their rail was anything and static (pg. 7). The cultures of the Native Americans were equivalent snowflakes no two were alike.Many dissimilar types of cultures are described in expound in the essay, proving that the myth is completely wrong. severally tribe of Native Americans had a culture that, while considered backwarfareds and wrong by the Europeans, was unique. This myth helped to hide the Native Americans from white settlers because if the whites go t to cope the culture of one tribe, they would just assume that all of the other tribes had same cultures.If that culture they learned had some uncouth practices, like the Aztecs sacrificing men by trigger-happy out their hearts, they would assume that all tribes did that and further prove the myth that Native Americans were savages. That is how this myth hid the Native Americans from white people. The first myth that was ever started about the Native Americans is the stately Red Man or child of Nature myth. What this myth is about is the Europeans considered the Native Americans to be children of nature.Also, it credited the Indian with both a penchant for flowery but dull oratory or an softness to communicate beyond Ugh and grunts (pg. 4). This myth puts the Native Americans on the same level as an animal. If the Europeans thought the Native Americans were that ignorant, then it is no wonder why they thought that they were a superior race. The Native Americans became hidde n by this myth because it is so completely false and completely misrepresents them as a firm because they had developed languages and could communicate with one another.Myths about Native Americans have, and lead continue to be a cause of people stereotyping them. Because of the stereotyping, most people will never know the truth about Native Americans and they will remain hidden from white people. This stereotyping has kaput(p) so far that today, Native Americans will get dressed up for tourists in a costumes and put on war dances just to please tourists who believe in the myth because if they did not, the tourists would question the legitimacy of them. That is how myths of the Native Americans have hid them.

How to Get a Fit Body

Stop moaning roughly organism overweight and get moving E rattlingone cares about their health but to be correspond lots of hard work is required. To venerate your aim, you mustiness follow three rugged but necessary shades. Willpower, eating little and excercising daily are the most exclusively-important(a) things that you whoremonger do for ensure exquisite body. Belief in yourself is the first step to be fit. As we know doing null and fitting stupidly dreaming burnt help you with your plans. And of course you lead waste your time.Firstly what you rump do is to be confident that you volition take your aim. And of course if you begin to doubt you must submit all the advantages which could help you to keep your body in balance. After all if you gullt do that it will be hard to continue your even off way to be healthy and deflect to eat the sweets. One of the main responsibilities on diet is to restrict yourself from fatty provender and sweets. The menu must be followed in all cases because you might not mother another chance to make it up. off sure you eat right and consistently because your body has adapt this kind of regimen it is important for your health especially for strength. And if by any chance you still front to be superfluous to do that, wherefore just shut your mouth. If you eat a lot, it certainly will be very dangerous and very difficult to abide weight by sport. The most hard-hitting way of burning calories is by excercising daily. By this man removes all shortcomings from the different demote of body. You stand fill strengthen muscles, hanker beautiful legs and of course six or eight packs.Thats sounds great slangt lie front of the TV, dont be so lazy and gloomy everything is possible to change in our world. Healthy diet is the best way to be fit. It is very important in our life because today people have a lot of different illnesses which can lead to death. It is very pity everyone can cure himself but not ev eryone can care about it. You need just think about. These advices will help you to be more satisfied and happy. Just flavour yourself, eat more fruits and vegetables and do nearly sport. Thats all you need for double-dyed(a) life. Take care

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.