The French and Mexican Revolutions Essay - 763 Words

What is a revolution? By definition it means the overthrow of a government by those who are governed. That is exactly what the French and the Mexican revolutions were all about. The living conditions and overall treatment of the poor, pheasants, lower class, last man on the totem pole or what ever you want to call them, was a large factor in the coming of these revolutions. Those who are governed are exactly what the lower class people were. Also, liberty was one of the peoples major concerns. They were ruled by men whose only desire was power and greed which is what led them into revolt. The treatment of the majority, which was the lower class, had a significant role in each of these revolutions. The French revolution was†¦show more content†¦The majority or creoles (Mexican born natives) as they were called, out number all the others ten to one. (Robinson, Fay) Yet they were treated the worst and, by the way, they were the ones who paid most taxes. These lower class peoples were forced to barely survive on meager pay for manual labor and menial jobs. Many of them ended up peddling or begging in the streets. (Americana) The men that drove these revolts were very determined to change their world. When Marquis de Lafayette, a French noble, went to America and fought as a volunteer in the American Revolution, he was inspired by their quest for liberty. He brought this inspiration home with him, and began the French pursuit for freedom. In 1788 absolute monarchy was collapsing... What would replace it? (Mckay, 706). The three estates would quarrel for the next few years about how to proceed. In the end the National Assembly would form, vowing not to disband until a new constitution was born. On August 27, 1789 the National Assembly (NA) issued the: Declaration of the rights of man. By 1790 the NA would hold the power of lawmaking. Although it did not last long, the idea was there and it did bring about some type of reform. Unfortunately, Napoleon would reign and dictatorship would once again reign in France. The Mexican Revolution had much of the same results as did the French. Encouraged by both the AmericanShow MoreRelatedEssay On The Causes Of The French And American Revolution1061 Words   |  5 PagesThe American, French, Haitian, and Mexican revolutions are epitomes of responsible citizens advocating for social and political upheaval in hopes of saving and furthering their states. These revolutions, more than others, exemplify nations that rebelled against governments which maliciously abused their power. The American Revolution focused on achieving independence from Britain, as Britain abused their power by unfairly taxing colonists. The Mexican Revolution concentrated on eliminating dictatorshipRead MoreMexican History : Mexican American War, Cinco De Mayo, And The Mexican Revolution1273 Words   |  6 PagesWithin Mexican history, there are so many major events that occurred to shape Mexico into what it is today. However, there are a few specific events that had more of an imp act on Mexico than others. Those events were the Pastry War, the Mexican-American War, Cinco de Mayo, and the Mexican Revolution. These events were the results of conflicts with the people of France, America, and Mexico itself. Antonio Lopez de Santa Anna, dictator of Mexico at the time, played an immense role in Mexican historyRead MoreEconomic, Social, and Political Causes of the Mexican Revolution1734 Words   |  7 Pagesof The Mexican Revolution 1840-1910 The Mexican Revolution is one of the most significant historical events in Mexican history. Without the revolution Mexico would not be the democratic country that it is today. â€Å"The Mexican Revolution is often seen as a standard bearer through which other subsequent Latin American revolutions are interpreted.†(Darity) There were several significant events spanning several years that led up to the unrest of the Mexican people resulting in a revolution. For exampleRead MoreDictatorship, Conspiracies, And Uprisings1615 Words   |  7 Pagesconspiracies, and uprisings are what led to the Mexican Revolution. The long battle among various sectors and changing alliances resulted in the victory of ending the thirty-year dictatorship in Mexico as well as the development of a constitutional republic. The Mexican Revolution was the first revolution of modern times that focused on the needs and dreams of the Mexican people. In the following discussion, we will dissect the history of the Mexican Revolution and how it has shaped an essential partRead MoreTheu.s. Mariano Azuela s The Underdogs ( Los De Abajo )1320 Words   |  6 Pages Mexicans opened the twentieth century with the most drastic action that citizens can take against their government: revolution. The open rebellion against the military dictator Porfirio Dà ­az began in 1910 and led to ten years of violent and destructive warfare within Mexico. When the fighting finally ended, many Mexicans were disillusioned about the revolution as the small political and economic changes that were finally implemented was not worth the senseless violence that wracked Mexico. MarianoRead MoreThe Revolutions That Changed Their Respective Societies1482 Words   |  6 Pages Throughout history, the world has seen revolts. Revolutionaries attempting to overthrow the government. But only a few are called revolutions, because they succeeded in overthrowing their government. In this paper, I will examine the 5 revolut ions that we have studied thus far: American, French, Haitian, Mexican, and Russian revolutions, and whether they fundamentally changed their respective societies. The revolutionaries promised change that would benefit the people, but when one looks closelyRead MoreThe Mexican Revolution1019 Words   |  5 PagesMexico’s Revolution Ariel Elias HIST 112 Proffesor Cummings 17 February 2013 Ariel Elias Professor Cummings Hist 112 17 February 2013 Mexico’s Revolution Many nations across time and the world have experienced a revolution. From the American revolution to the French revolution, history has proven conflict can engage a nation at any moment. Tanter explains that two possible scenarios, changesRead MoreMexico : A Unique Country1750 Words   |  7 Pagesover control of the state between the noble loyalty to Spain and increasingly powerful and wealthy Criollos (Mexican-born descendants of the Spanish colonists. The Mexican independence movement was inspired by the French and American Revolutions, but more so as a response to the Napoleon’s invading armies delivered to Spain. Spain adopted a progressive-liberal constitution in 1812; Mexicans recognized that independence was the only means to preserve order and status quo. Leading rebels and politicalRead MoreMexican Policy Is Important Part That We Should Study About It844 Words   |  4 PagesMexican policy is an important part that we should study about it. From the Mexico just established, the system of polity of Mexico has changed 4 different politic system to adapt the epoch. The first system is the single-party state. French, English and Spanish used to invade the Mexico, than a group of people organized the public and expelled those country. After that, this group of people chose a person to be their leader and let him to control the whole country that is how the single-party appearedRead MoreHistory And Geography Of Mexico851 Words   |  4 Pages Daniel). Corruption due to the lack of trust between the Mexican people and their government is another issue Mexican culture faces (Kapellmann, Daniel). There also seems to be lower educational standards, and because of this it only plays into their poverty crises they face, (Kapellmann, Daniel). Drugs are another major problem for Mexico. Religious values and church, along with family plays a major role in Mexican culture, (â€Å"Mexican Culture,† Zimmermann). In fact, the majority of its population

It Project Management - 7381 Words

CONTENTS THE SOFTWARE QUALITY FOCUS 2 QUESTION 1: SELECTED EXERCISES 2 Exercise 11 Project Tracking 2 Exercise 12 Risk Assessment 7 Exercise 13 Refining your project plan (using software) 9 Exercise 14 Initiating 11 Exercise 15 Planning 16 Exercise 16 Executing 18 Exercise 17 Controlling 21 QUESTION 2: THE NORTHWEST AIRLINES CASE STUDY 25 1.. 25 2.. 27 3. 29 REFERENCE 38 APPENDIX - FLYDRAGON PROJECT PERT CHART 39 Figure List Figure 1 Calendars of Project FlyDragon 4 Figure 2 Tracking Gantt Chart of Project FlyDragon 6 Figure 4 ResNet 1996 Application Development Gantt Chart 16 Figure 5 ResNet 1996 Office Implementation Gantt Chart 17 Figure 6 Simple and Unfriendly Interface of NWA ¡Ã‚ ¯ PARS 30 Figure 7 ResNet Project†¦show more content†¦StraightforwardAverageComplex with many interactions Low = 1 Med = 2  ¡ÃƒÅ'High = 3 3 7 How knowledgeable are the Project team in the proposed application area? LimitedUnderstands concepts but no experienceHas implemented similar systems before High = 3 Med = 2  ¡ÃƒÅ'Low = 1 5 Table 1 McFarlan Risk Questionnaire of FlyDragon Project Total Risk Score =  ¡Ãƒâ€  risk score ¡Ãƒ Weight = 1 ¡Ãƒ 1 + 3 ¡Ãƒ 3 + 0 ¡Ãƒ 5 + 2 ¡Ãƒ 3 + 2 ¡Ãƒ 1 + 2 ¡Ãƒ 3 + 2 ¡Ãƒ 5 = 1 + 9 + 0 + 6 + 2 + 6 + 10 = 38 n Do you consider this score to be high, medium or low? Please justify your answer. The highest score is 59 and the lowest score is 18, so the average score is 38.5, and weighted average score is 33.7. I feel that our score just is 38, and is feasible. It is not too high, and there is not too much risk involved. If say the risk, the main risk is that most Chinese IT staff are good at the most Network development and traditional software development, but no enough experience of E-Commerce development. If can not control well, there is a high possibility that the progress of project will delay. n How could you reduce risk due to technical factors? What other measures would you take to manage risk, specifically with relevance to this project. The main possible risk problem is lack of E-Commerce development experience. It is a resource problem both on Human Resource and technical resource. To reduce risk on technical factors, following measures would been taken.  ¡Ã‚ ¤ Engage skilled professional act asShow MoreRelatedProject Management : Projects Management902 Words   |  4 PagesProject Management Project Management. What does the words Project Management mean and what are the steps to managing a great project. If we break down the two words Project Management it is defined on dictionary.com as â€Å"The process of planning, organizing, staffing, directing and controlling the production of a system†. 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YUM Brand free essay sample

Technology is vital for competitive advantage, is the major driver of globalization and also is changing the way how businesses operate. Internet is having a profound impact on the marketing mix strategy of organizations and the fast food firms are quickly adapting by using social networks and website to meet the needs of the more and more technology-familiar customers. Yum understood the potentiality and the impact on its business brought by innovation technology, and is considered one of the worlds most innovative companies (Forbes, 2013).Also, the firm spends part of the edged in learning technologies, with the dual purpose to build people capability (Yum, 201 ad) and, over the next few years, to reduce the paper- intensive training system currently used in its restaurants (Yum, 2008) Legal There may be a number of laws and regulations constraining the activities of fast food firm, such as business hours, taxation and national minimum wage which can make it difficult for the busin ess to operate properly. Also, the firms must meet the food standards enforced by some governmental organizations like the FDA (Food and Drug Administration) in U.S. With regard to bureaucracy, for a company like Yum which operates in a local and overseas markets, it is very important to have an action plan to forecast and anticipate the future possible constraints that might delay or Stop the activities of production. Before to open any business, the firm must contact the business license department to find out about getting a business premise licenses which essentially grants the right to operate the business and contact the local offices to register with them.Environmental Environment is one of the most important factors to take into account (and robbery the more deeply felt by the people). Environmental and sustainability issues are a vital element in the hospitality system (Get, 2005). According to Swarthmore (2002), due to a considerable increase in public awareness in green issues, the restaurants mu st be seen to be environmentally friendly to their potential visitors. For instance, due to the higher demand of beef-burger the producer need more beef production areas and for that every year many square kilometers of rainforests are destroyed (Bitterly and Kline, 2007).The recognition of this kind of environmental threats has created a marketing opportunity for the green products, which are promoted to customers who are concerned about the environment and give the opportunity to the firms to gain customer loyalty. 3. SOOT ANALYSIS SOOT Analysis is a tool used in a business context for understanding Strengths and Weaknesses and for identifying Opportunities open to the firm and the Threats it has to face (Mind Tools, 2013).Strengths Yum has, as one of its major strengths, the scale in the global market and it is a well-known company, with KEF and Pizza Hut recognized by most people in he world. Also, the portfolio diversification brings the company to decrease most of the risks associated with the business and to increase the size of the business its elf, even in a financial downturns. Constant national and overseas growth with over 2000 store opening in the 2012, especially in India and China with a 5-year compound annual growth rate respectively of 21 % and 17% (YON, Bibb) World largest restaurant company with nearly 40. 00 restaurants in more than 120 countries (Fool, 201 3) Pizza Hut, KEF and Taco Bell are leaders and well recognized brands respectively in their respective disagrees (pizza, chicken and Mexican food) of the quick service global market (Wackiness, 2013) 13% PEPS (Earnings Per Share) during last year (Reuters , Bibb) Weaknesses The lawsuit against Taco Bell about the seasoned beef in the tortilla was not enough beefy (only 35%) to be called beef has been considered as a heavy financial weakness for the whole group (NAP, 201 1).Also, most of the products present in the KEF food menu are seen as unhealthy and of poor quality (Global Times, 2013). Yum could improve its brand image by offering different menu with healthier options and providing a better service. Y mums store sales drop slows in the Chinese market due to the avian flu (Bloomberg, 201 3) Low performance in the U. S. Market, particularly with KEF (YON, Bibb) Few shares to conquer in the overeducated U. S. Cast food market (The Economist, 2010) Opportunities Yum has still great margins for improvement in terms of global market and especially in China, where to adapt to the different Chinese market they have founded East Dawning (The China Observer, 2010), offering Chinese cuisine and allows the company to continue to grow in this country and patronize the customers. Regarding the internal market they should improve their offer and service. Grow up steadily and continuously in China through (Mergers and Acquisitions) and favored by low labor and raw material cost (Dolomite, 2012).Make more investments in a potentially profitable market such as India, forecasted as the country with the largest consuming class in the world (YON, chic) Introduced its brand before the competitors in France, Germany, Russia, Africa (YUM, AAA) Improve the presence of healthy options in the menus, particularly about the most sensitive categories children), as its major competitor McDonalds (Syracuse, 201 1) T he retreats The main threat comes from McDonalds, which has successfully introduced more nutritious and healthy options in the menu (Syracuse, 201 1).On the contrary, many of the products served by KEF are seen as unhealthy due to the presence of fried chicken resulting in a negative impact on sales (Global Times, 2013), and after the bad publicity due to the salmonella poisoning (Financial Post, 201 2) Food safety: Avian Flu, CARS, E coli. Do not allow the full potential in terms of sales due to negative advertisement (YOGI, 201 c)Concerns about nutritional value and the bans on trans fats (The Economist, 2005) Close dependence on the Chinese market, due to the large sales(for instance KEF makes in China almost of its total share), makes the company vulnerable to any eventual and consistent changes in that market (China Hush, 201 2) Variations in foreign currency exchange rates and different government laws and regulation In foreign countries, such as the China, can heavily affect the companys profitability, respectively with sales and higher tariffs to pay (Euro Investor, 2012 ; China Briefing, 2012) High competition room other brands in a saturated and easily accessible U. S. Market (Value Investing Center, 2010) 4. PORTERS 5 FORCES ANALYSIS This model was introduced in 1 979 by Michael porter and used by most companies, organizations and sole traders for industry analysis and corporate strategy development. This model analyses industry rivalry, buyers, suppliers, potential entrants and substitutes (Business Dictionary, 2013). Industry Rivalry Due to the fact the Industry Rivalry in the USSR is highly competitive, the major firms invest a consistent part of their budget in (Research and Development) to differentiate their products and meet the customers needs.Although Yum is trailing behind McDonalds Corporation in terms of market share, it dominates the Chinese USSR market (Rapport, 2013). In the internal market (U. S. ), with a large number of different USSR, Yum faces a highest competition, due to the concentration of the market which enhances the industry rivalry. Different situation in China, where KEF is the first USSR to enter into that market (and continues to be the number one brand) and Pizza Hut is the first restaurant chain to serve pizza, Western casual dining, and Aziza delivery in that country. Due to these facts, it is possible to realize that there is less competition in the quick service sector in the Chinese market.Buyer Power The price is one of the main factors which can affect the choice of the fast food restaurants, when the customers value the food and how much they want to pay for (Young et al. , 2013). Most likely, if a restaurant is overpriced, compared to its competitors, it will lose customers and that leads to the conclusion that there is, to some extent, a buyer power in the USSR market. Also, according to Mulberry et al. (1999), the competitiveness of the arrest can increase buyer power and customers are price sensitive when there is a no switching cost between competitors. Hums customers can easily switch to a competitor with a no extra cost, especially in the U. S. Where there are over 200. 00 USSR (Franchise Help, 2013). For instance, Hums approach should be more sensitive (not overpriced food) in the new overseas markets to avoid the customers could come back to a previous USSR (Harvard Business School, 2013). Supplier Power The supplier power can determine the food commodity costs, but the volatility of this latter can tie down the power to price the commodities (PRI, 01 1). Yum has implemented a Supplier Tracking and Recognition System (YON, Bibb), to set up and continuously monitor quality and safety suppliers: only those that reach a certain level of standards are rewarded and stimulated to compete with other suppliers (Diddled, 2013).The supplier power, within a large scale restaurant market, is very low due to there are many food and beverage suppliers that Yum can collaborate with (YON, 201 c); therefore, commodity prices must be kept competitive and relatively low, otherwise a company like Yum can Opt to replace those suppliers who re considered too expensive or those who do not meet the essential standards of quality and safety (The Wall Strenuously, 2013) Threat of Substitutes The presence in the USSR industry of so many firms (with a non-existent switching cost) and almost similar food options leads to have a very high threat of substitutes. On a limited market scale, Yum, due to the outstanding quality of food and service, can be the leader e ven if its products have many substitutes and the customers can easily switch to competitors. Vice versa on a large scale, the customers have two opposite options: l)decide to pay a little it more for a better food quality in more expensive restaurants; 2)choose to cook at home to save money. Obviously both options are affected by the actual economy and the customers willing to spend on food. Also, customers may opt for what they believe could be a healthier and safety food.Threat of Mobility The entry of new potential competitors has two important and conflicting assumptions: 1. The USSR industry has a low number of potential entrants in a market already shared by the major firms, which have accrued experience and advantages to create barriers to the entry of new potential competitors. . Entry in the USSR industry is not very difficult as the main barrier is the capital needed to build or refurbish a new store (further costs derive from food, beverage and labor). After these assumptions, it is possible to deduce that Yum has consistent advantages from the economies of scale in supply, advertising and during the years an outstanding leading reputation has been gained.All these factors, besides the fact Yum can offer the level of quality expected by the customers, give the company the opportunity to enter into any given location and market. Regarding new overseas markets, Yum may ace some barriers to entry due to a lack of experience, reputation and also the different local habits and tastes. For instance, Yum to enter into the Chinese market and contend it t o the traditional local restaurant has developed East Dawning a brand of Chinese style dining (The China Observer, 2010). Also, great importance must be given to the government laws, regulations and limitations which can be seen as barriers to entry (Stock Analyst, 2008). 5.

The Role Of Effective Communication Assingment Essay Example

The Role Of Effective Communication Assingment Essay The Role of Effective Communication Effective communication is effectiveness or success of communication and interaction in a Some of the factors promote interaction and effective communication, while others can limit interaction and be a barrier to effective communication. There are two example of effective communication these are Argyle Communication Cycle and Dustmans Theory of Interaction. Argyles theory of the communication cycle is based on interpersonal (one-to-one communication) interaction. The cycle involves two people how they understand each other when interacting and how they decide to reply to each other. Lath and social care setting which can be influenced by a number of factors. The cycle consists of: 1 . An Idea Occurs: You have an idea that you want to communicate 2. Message Coded: You think through how you are going to say what you are thinking. You put your thoughts into language or into some other code such as sign language. 3. Message Sent: You have communicated your idea either through speech, sign, online or off-line written communication. 4. Message Received: The other person has to understand your message. This is not always easy, as the other person will make assumptions about your words and body language. Message Decoded: The other person has to understand and interpret your message. This is not always easy. As the other person will make assumptions about your words e. G. Maybe they will hear an insult which isnt actually an insult. 6. Message understood: It all goes well when your ideas will be understood but this not always happen first time! To put this theory into practice an example would be in a GAP surgery. A doctors communication has important information for a service user about their medication they will need to take after they have left the setting. First of all the doctor will decide the type of dedication the service user will need to make their health better, this would then lead to the doctor thinking as to how he could communicate what hes going to say in a respectful and understanding manner to make sure the service user has an understanding of the medication they will be given, in an non patronizing tone. To ensure that this does not happen the doctor would speak quite informally to make sure that he/she doesnt come across as posh and patronizing, this will then calm the service user as it would make them feel comfortable. We will write a custom essay sample on The Role Of Effective Communication Assingment specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Role Of Effective Communication Assingment specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Role Of Effective Communication Assingment specifically for you FOR ONLY $16.38 $13.9/page Hire Writer After the doctor has decided what he is going to say e would then communicate his ideas to the seen,ice user. The doctor has to do this clearly as the patient might not be in a State where they might not fully understand what the doctor is trying to say. The doctor must make sure to keep in mind that he/she cant be patronizing to the service user as they might get insulted. After this the service user must have an understanding of what the doctor has just said. The message would have been received by the service user and then they would have to try interpreting what the doctor has said. This would leave the service user decoding the message however this eight not go well as the service user could assume that the doctor was insulting their intelligence. After the message has been decoding and understood and if all goes well the service user would have an understanding what the doctor said. This would leave the service user talking the medication that they need which will improve their overall health and will reduce the risk of them having to come back into the GAP about their prescribed medication. However, if the service user has not understood the doctor has said this could potentially mean the service user going back to the GAP. Dustmans Theory of Interaction is another theory of effective immunization. This theory mostly applies to a group -either working as a group or not. The theory is based on people meeting for the first time, meaning that no one knows each other, this is because if a group knows each other some steps can be easier than others. There are four stages in Dustmans theory. These are: 1. Forming This stage refers to people meeting for the first time and sharing information about the task. 2. Storming -? This stage involves tension, struggle and sometimes arguments about the way the group might function. 3. Morning- At this stage the group begins to form a Truckee and people begin to understand their role within the group. And they start to respect their group values. 4. Performing This is where the group starts and finishes the task they have been given and they effectively and efficiently perform as a group. To put this theory into practice an example would be, in a GAP surgery, a case conference including the GAP, social worker, career and a nurse about an elderly person who has had a stroke and they are living alone and they need to decide whether the service user goes to a care home or has a permanent career. Firstly, the GAP, social worker, career and a nurse would meet for the first mime and introduce themselves to each other, and then the GAP will start explaining what happened to the service user and the GAP will talk about what they want to happen to the service user. That is when they will be forming. The group of health and social care professionals might have a bit of tension because the GAP wants the service user to have a service user and not want the service user to go to a care home but the social worker wants the service user to go to a care home. This is the storming stage because there is tension between what they want to happen to the service user. The group Start to put all their ideas into one and still try and figure out what to do with the service user, when they do this they all start to respect each other. This is the Norman stage, because they are respecting each other and they are starting to put structures on their ideas for the service user. When the professionals have concluded what they think will best for the service user. They have decided for the service user, depending how many strokes she has in a week, theyll put her in an elderly care home or have a pert-time career. This is the Performing stage because this is when the group has achieved an effective performance of their choices. Another example of putting the theory into practice is when a family (consisting of a mother, father, son (5 years old) and a 5 month year old baby) comes into a GAP to get their baby girl weighed by a community midwife. The family and the community midwife introduce themselves and the midwife tells them what shes going to do with their baby girl. This is the Forming stage because they have introduced and the midwife shared the task of what SSH?s going to do to the family. When the community midwife is weighing she might make a sarcastic joke saying Your babys a bit chunky but in a funny one, not being serious. The mum then might take is seriously and be a little mad with the midwife as she is feeding her baby correctly. This will be the Storming stage because there is a bit of tension in the room. The community midwife then communicates to the mother about what she can do to make the baby eat more or less depending on what the babys weight is, when the midwife is doing her paperwork. This is the Morning stage because they understand the midwife?s role. And the nurse starts to respect the family more. The nurse finishes the paperwork and tells the parents about the eight and how they can improve on the baby health etc. This is the Performing stage because the nurse is finishing her duties to the baby and the family. Task B Explain and Assess the role of effective communication using examples of how people communicate within a GAP surgery. Five forms of communication: One of the forms of communication is text messaging. Text messaging is when people communicate over their mobile phones and they type what they want to say to another person. An example in a GAP surgery is the receptionist could text message an elderly person to remind them about their appointment. This is a good thing because it is quick and simple for the GAP surgery to use. Secondly, it means the elderly person will get a reminder for their GAP surgery, so they wont forget. The bad thing about this is an elderly patient could have a mobile phone but they might not understand how to use the device especially if it is a touch screen phone. Secondly, the patient might not understand how to use the phone; she might not be able to reply back if she cant attend the appointment. This then goes against Argyles theory because the service user is unable to respond to the receptionist who sent he message. The second form of communication is oral communication. Oral communication is the process of verbally transferring information and ideas from one individual (or group) to another person. For example a service user talking to their GAP about an injury that has occurred. The good thing about oral communication it is simple and everyone is able to talk. Secondly, people are very talkative which means they are able to describe what has happened to them. The bad thing about oral communication is that someone might have a stutter which means they wont be confident to talk to the GAP bout their problems. The third form of communication is signs and symbols. Signs and symbols are gestures made with hands or arms, written symbols or diagram (such as fire exit signs) all communicate messages to people. An example in a GAP surgery would be a fire occurs in the back of the GAP surgery, and the fire exit symbol goes on. A good thing is people will know where the right door is to exit to the building because there will be a sign to direct the service users. A bad thing is that a permanently blind service user will not know where to go because they wont see the sign to leave the building. The fourth form of communication is touch. Touch is another way of communicating without words. An example of touch is if a GAP has just said to a patient they have a form of cancer and the GAP is trying to comfort the patient with touch. A good thing about touch is the GAP is sending a message of care. This will lead the service user to trust their GAP more as the GAP is being caring for the service user. A bad thing about touch is the service user might think the GOT is trying to dominate them. Secondly they might find the GAP is patronizing them. The fifth form of communication is written communication. Written immunization is the same as oral but it is written down on paper instead of being spoke words. An example of written communication is when a GAP us written important information that the patient cant do when taking their medication. The good thing about this is the service user will have the information in hand instead of having to remember it. Also written communication is easy and simple to use. Also, the service user is able to keep the information for a very long but if the GAP never wrote down the service user could have forgotten. The bad thing about written communication is the service user might be blind so they wont be able to dead this. Also, they might lose the paper which means they will not have the information they need. 3 Types of Communication: The first type of communication is speech. Task C Explain what factors might affect communication in the Surgery and explain, review and evaluate strategies that can be used to overcome barriers to communication.

Marcus Antonius was Not a Great Man

Marcus Antonius was Not a Great Man Marcus Antonius, born c. 83 and died in 30 BCE , was one of the better known Roman leaders, likely because of his romance with Cleopatra and Shakespeare's retelling of his tale. As the son of General Marcus Antonius and Julia, he was the second cousin of Julius Caesar and thus became a powerful man. Antony participated in many military campaigns in his lifetime, and upon Caesar's death he became one of two main contesters of the throne. His life came to an end when his rival Octavian defeated him in battle at Actium and he committed suicide with his lover Cleopatra.Marc Antony was an important man, but his relationship with Caesar was what truly led to his coming into power, and his whole life was directed by events out of his control. Marc Antony was a product of his age and family, nothing more.One of the greater factors of Antony's coming into power was his blood relations, particularly that with Caesar.Cleopatra (Elizabeth Taylor) confronts Julius Caes...

How Networking Got Me a Podcast … and Can Get You a Job

How Networking Got Me a Podcast †¦ and Can Get You a Job One of my new year’s â€Å"ressaylutions† was to investigate and choose a CRM (customer relationship management) system. This week I chose Infusionsoft; but this blog is not about CRM systems or new year’s resolutions. It’s about networking. The sales rep at Infusionsoft connected me with Wes Schaefer, a.k.a. The Sales Whisperer. The first thing Wes did after learning about my business was ask me if I would do a podcast for him on the topic of writing LinkedIn profiles. I was very happy to oblige. I felt grateful for his support and didn’t think twice before giving him a free LinkedIn profile review. Guess what? I now have a podcast that went  out to Wes’ list and aired on April 22. It turns out I’m not even going to work with him for the project I initially contacted him about! But possibilities opened up for doing some business together and for me to present webinars to his 5,500-member list. People want to connect with people, and they want to help! It’s human nature. It’s amazing what can come out of simply talking- and listening- to people, and then doing whatever you can that might be helpful for them. Here’s the thing: People want to connect with people, and they want to help! It’s human nature. If you’re a job seeker, it’s important to remember these facts about people. You might be afraid to approach someone who could help you because you don’t want to bother them, you feel needy, or some other related reason. Remember: People want to connect with people, and they want to help. That said, people also don’t want to feel used or bothered. So how do you approach the connections you have in a way that pushes their â€Å"I want to help† button? One way is to be indirect. It helped, for instance, that I did not call Wes looking for an opportunity to present a webinar. HE saw the opportunity. And he did not ask me for a free LinkedIn profile review; I saw that opening to help him. In job searching, the â€Å"indirect† approach works as well. You are not likely to get a warm welcome with the question, â€Å"Can you give me a job?† Rather, take a research-oriented approach- much like I was researching CRM implementation providers when I called Wes. I know I love connecting people with others who can help them, and I also love sharing my specialized knowledge with people who really need it. It makes me feel special! The following ideas are based on the premise that most people feel the same way I do. Here are†¦ 4 Ways to Use Your Networks to Get a Job †¦ Without Turning Anyone Off Ask for a meeting and say something like this: â€Å"I’m considering a career change and I have done quite a bit of initial research, including x, y and z. My colleague John suggested that you might be a great resource to find out more about this industry. Would you be available to meet for lunch?† Write a letter advising your networking contact that you are doing research about an industry or list of companies (note someone does not have to work at a particular company to be in the know). You can provide the list of companies and ask if they know contact information for key players, current trends, organizational culture, major projects pending, organizational/staffing changes and opportunities, and/or problems the company is facing. Ask your close connections to do some research for you! If your husband is a golfer, he can mention your job search on the course and find out who might be a valuable resource for you. Or if your cousin is in construction and you are exploring the possibility of working in that field, ask your cousin to talk to her contacts who might be willing to meet with you and tell you what it’s like to work at her company.   Join an association, or even a networking group in an area where perhaps you haven’t interacted before. Introduce yourself and what you’re up to. These groups are eager to provide resources and to connect you with people who can help. Many times, these types of researching questions will lead to information about an open position. The trick is to honestly approach people with the expectation that they will give you information- not a job! Of course, it’s a good idea to learn more about the person you’re contacting as well. It’s likely you’ll be inspired to do something for them, just as they were inspired to support you. If you have used any of these techniques in the past, please share your experience. And if you try one of them after reading this blog, please report back on your results!

The Press. Role of the media in the Vietnam war Essay

The Press. Role of the media in the Vietnam war - Essay Example Television (TV) in the mid-1960 was considered to be one of the main sources of news to the Americans. Thus as the Vietnam war was proceeding most Americans turned to the TV as their primary source of news. Intense visuals of the war helped explain the complex nature of the Vietnam war to the Americans who could not understand the military's technical language. The Vietnam war took place between 1957 to 1975. It's the most unpopular war of the 20th century. It resulted in more than 60,000 deaths of American soldiers and between 2 to 4 million Vietnamese deaths. The various TV networks set permanent bureaus in Saigon. By 1968 during the Tet Offensive, 86% of NBC and CBS nightly news programs covered the war. The media were generally supportive of Americans in the war. By 1967, 90% of the nightly news was devoted to the news. Gradually support for the war began to reduce. The military didn’t establish media censorship, thus the journalists could follow the military to the battle fields and reported what they saw. They presented the public with graphic images of what they saw. The turning point of the media support occurred in the late of January 1968 during the Tet Offensive. The public got information first hand from the journalist rather than the military personnel. Thus the media were not biased in showing the American forces deaths and the wounded soldiers. The most damaging the massacre that occurred at My Lai. American forces killed more than 350 civilians, thus introducing the subject of war crimes to the population.

Case Study 13.2-The Super Conducting Super Collider(Project

13.2-The Super Conducting Super Collider(Project Management) - Case Study Example This paper will look at the Superconducting Supercollider project by addressing three questions that relates to it. Question 1 As a consultant, I would utilize the following steps to reintroduce a positive turn on the Superconducting Supercollider. One, I would attempt to comprehend the relationship between stakeholders and connection with the Superconducting Supercollider project. It is paramount to note that for us to comprehend every stakeholder’s negotiating and interests both collectively and personally and how the Superconducting Supercollider operates, people should comprehend the nature of the relation between a number of stakeholders and their association with the project. This will entail power and culture relations. This will enhance the success of the project. Two, I would promote interactions and communications. Communication and interaction will permit those involved in the Superconducting Supercollider project exchange useful ideas. Communication and interaction is essential for project leaders for associations with both stakeholders and individuals that may be opposing the priorities of project vision and objectives. If project leaders can develop a trustworthy basis of comprehending the influence of all players in the project and their significance, they can avert a disaster in a challenging situation (Pinto 406). Three, I would address the perception and effect of stakeholders and their management in the Superconducting Supercollider project. Every project faces the risk of perception, especially, a negative perception during its implementation. For example, in the Superconducting Supercollider, negative views by various parties caused severe challenges to the project. In addition, an insufficient management of the stakeholder concerns may frequently lead to controversies and conflicts about the implementation of the Superconducting Supercollider project. Therefore, addressing the perception and effect of stakeholders will guarantee the smooth running of the project. Finally, I would, align incentives, motivations, and values. Aligning values needs a willingness to share beliefs and perspectives through dialogue and sufficient communication, and an urge to permit shared values to evolve and develop through dialogue. Incentives will be given to stakeholders for realizing the objectives and aims of the Superconducting Supercollider project (Pinto 406). Incentives or motivations may function as a catalyst or stimulus for a significant performance for long. Question 2 There were a number of warning signals signifying the failure of the project. These indications could have been anticipated and tackled. In my opinion, the Superconducting Supercollider project was impossible to accomplish. One, the troublesome nature of the contest for the situation of the Superconducting Supercollider was assured to guarantee that defeated societies, and their federal delegates, would be angry and not likely to offer the Superconductin g Supercollider project the cooperation and support that it required. Two, the manner in which the Superconducting Supercollider funding was primarily dished out, at a dragging pace because of Federal deficit issues, made it challenging for the project to take off resiliently. As a matter of fact, the project had to start sluggishly

Alcoholism Is Destroying Our Society Essay Example for Free

Alcoholism Is Destroying Our Society Essay Alcoholism is the inability to control alcohol and have a strong craving for alcohol.There are cases where people are so addicted to alcohol that they cant remain without it whitin more than one hour.Some even drink alcohol as if they are drinking water.Alcoholism is really becoming a big problem for our society.There is no real cure to alcoholism other than to stop drinking. First of all i would talk about the effect of alcoholism.It has physical effects which are the most important as it can causes death. For example alcoholism causes cancer in the stomach, kidney and liver.Besides alcohol alters digestion of nutrients that the body needs to stay healthy.Alcoholism also causes severe damage in the neurons,so it causes alteration in the body movements,loss of appetite and depression. There are other effects in the body like gastritis and cirrhosis of the liver. All these physical consequences could cause your death if you drink alcohol in mass quantities. The second effects caused by alcoholism are psychological. At the beginning, alcohol makes you feel relaxed, but if you drink it in excess, it increases anxiety and causes depression. It also causes family and legal problems, violence, changes of behavior, suicide, among others. Alcohol is very powerful and alters all your normal behaviors.Moreover alcoholism causes economic effects as well. Alcohol is not cheap. If someone drink two or three times in a week, it could cost him a lot.People do not think about the money and spend almost everything when they are drunk. Studies show that some individuals are more likely to experience alcoholism at some point in their lives than others. For example, genetics can play a role in whether or not a person is likely to be drawn to alcohol. Often the children of alcoholics will have a higher risk of one day becoming an alcoholic themselves. Psychological problems also increase the risk for alcoholism. Individuals suffering from depression, attention deficit disorder, bipolar disorder and many other psychological disorders often turn to alcohol to make them feel better or ease their suffering. This often turns into a dependency. How individuals experience alcoholism in their lives?Genetics can play a role in whether a person is likely to drawn to alcohol.Often the children of alcoholics will have a greater risk of becoming an alcoholics themselves.psychological problems also increase the risk of alcoholism.Individual suffering from depression,attention deficit and many other phsycological disorder often turn to alcohol to make them feel better or to ease their suffering.But this often turns to dependency.The family of those who suffer from alcoholism,may suffer as this person will need money to drink,the family might not afford to fulfill their basic needs.Moreover an alcoholism might lose his job if he cannot be active at work.This causes financial problems to the family. To conclude,alcoholism is destroying the person who suffer from it and his family as well,this causes harm to the whole society.Therefore measures should be taken so that the drinker stops drinking as there are no other real solution to this problem.If the drinker does this soon enough, some of the damage to his or her body may reverse itself. However, most experts feel that a person is an alcoholic for life, and will never be able to drink socially again without falling back into addiction.

Howard Hughes Essay -- Biographies Biography Hughes Essays

Howard Hughes Howard Robard Hughes was a very inventive, attention getting man. He was an out-spoken entrepreneur who was best known for his hard work and dedication in motion pictures and the aviation industry. His inherited fortune gave him the opportunity to start building on his dreams at an early age. Although Howard remained in the news his entire life he was not always looked on favorably in the public’s eye. In later years his paranoia left him a recluse and in twenty years he had not been seen or photographed by the public. Howard was born on Christmas Eve 1904, in Houston, Texas. He was the only child of Howard Robard Hughes Senior and Alene Gano Hughes. His mother died when he was sixteen and his father died when he was 18. Howard’s childhood wasn’t the greatest but in the end it turned out all right. He was orphaned and inherited $2,000,000 and Hughes Tool Company. His uncle was Hollywood writer Rupert Hughes. Howard took his first airplane ride when he was fourteen years old. Howard Hughes attended private elementary and high school in California and Massachusetts. He attended the Rice Institute in Houston, Texas. He also attended the California Institute of Technology. Howard had a fine education because he attended highly educational schools. His father’s great fortune left Howard very wealthy. After his father’s death he was left an estate worth $871,000, and a patent for a drill. The drill was for oil drilling which made much money. In 19...

Glengarry Glen Ross Essay

The majority of David Mamet’s critics give great focus or attention on the negative concepts and views of power, such as repression and exploitation. Mainly, this occurs in the analysis of the associations of power in the business world in â€Å"Glengarry Glen Ross† (1983). A perspective that will be considered in this paper is the investigation of the positivity of exercises of power. More particularly, it will deal on human relationships which are present and crucial in David Mamet’s play. Foucauldian analytics of power comprehensively marks the â€Å"American dream† and the intricacy of function of power as well as the productive effects of power in Mametian business world.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Despite the fact that David Mamet started writing plays after the year 1970, he was able to gain an influential and significant position in American literary. David Mamet’s success can be greatly attributed to several influences that honed his skills. When David Mamet was at the age of sixteen, he admired Bob Sickinger. Sickinger intensely influenced his ideas of dramaturgy. However, Bob Sickinger who was believed to be the pioneer of â€Å"Chicago theatre† was not the only one who had influenced David Mamet. When David Mamet attended school at the Goddard College in Vermont, he studied and trained in acting under the tutelage of Sanford Meisner. Meisner influenced David Mamet’s acting as well as his philosophy, by infusing into him the idea of practical and outward techniques, instead of the usual technique of internalization. After college, David Mamet was able to perform several unglamorous jobs in real life. He experienced driving a taxi, working at a truck factory, and cleaning offices for a living. By the year 1969, he got another job. This time, he was assigned as an office manager, particularly at a real estate sales office. Consequently, it can be observed that nearly all characters in David Mamet’s plays belong to social classes exclusive of the high-class. In addition to this, nearly all the sites of his plays and literary works are set generally in marginal places. For example, in â€Å"Glengarry Glen Ross†, the play is set in a real-estate office. The scenes at the beginning of the play in â€Å"Glengarry Glen Ross† create the â€Å"dangerous, ego-threatening world that its salesmen inhabit† (McDonough, 1963). The main characters, Aaronow, Moss, Lingk, Roma, Williamson and Levene, participate in degrading schemes needed for them to maintain jobs. An older salesman, Shelley Levene, who was unsuccessful in attaining good revenues, â€Å"cajoles, bullies, pleads and finally bribes his boss to grant him better leads† (McDonough, 2006). Then, a discontented salesman, Dave Moss, campaigns to raid the sales office and acquire the leads by maneuvering the gullible George Aaronow to do the actual break-in. Lastly, top salesman Richard Roma astonishes and influences the trusting James Link into buying material goods in exchange for Roma’s imaginary companionship. In David Mamet’s play, these salesmen effect their sales by giving a fictive structure. A measly house becomes a remedy to needs that go beyond than that for shelter. The irony is that, for all their skepticism, they are most energetic in their individual performances. They are also most sensitive about human need when they create the fictions intended to capitalize on that need. (Bercovitch et al., 1994). These salesmen seek to ensnare their customers in language but are no less its victims themselves. In a particular scene in the play, Moss asks Aaronow if he is â€Å"in or out†, and further says that â€Å"you tell me, you’re out you take the consequences† (Mamet, 1983). When Aaronow asked â€Å"and why is that?†, Moss capriciously responds â€Å"because you listened† (Mamet, 1983). From the conversation, one of them accuses his supposed friend of complicity because he â€Å"listened† (Bercovitch et al., 1994). In addition to this, irony exists because these salesmen must first understand those they would deceive before they can succeed. As such, these salesmen become hypersensitive, like a confidence trickster who masquerades as a psychic. They also become compellingly precise because they are conscious of the desperation, the fear and the need that coerce their clients into their hands. Somehow, that shared knowledge starts to grant the material desires of their clients. In a discernible disagreement, â€Å"those who can best connect two isolated people are those who deploy the falsities of fiction† (Bercovitch et al., 1994). The salesmen in â€Å"Glengarry Glen Ross† are charged for their deceptions. Deceptions of which they, too, are victims, but held close for their knowledge of an existing desire for trust and connection. However, the salesmen remain unaware of the consequences because of the disparities in the language they use in the business world. In addition to this, they continue to be ignorant because of reality that is diminished by deceptions (Bercovitch et al., 1994). Once again, in contrary to the image which is sought by these salesmen to identify themselves, the image of women is introduced. In a particular scene, Levene advises Williamson at one point, â€Å"a man’s his job† (Mamet, 1983). The apparent point is that doing a job is what makes a man; it gives a man identity. Moreover, Levene stresses that if â€Å"you don’t have the balls† to do the job then â€Å"you’re a secretary† (Mamet, 1983). Traditionally, secretarial jobs are performed by women. Or, as Roma exclaim to Williamson when the latter blows up a transaction, â€Å"where did you learn your trade, you stupid fucking cunt† (Mamet, 1983). Then further says â€Å"you idiot, who ever told you you could work with men?† (Mamet, 1983). If the identity of man is identified based on his performance at work, then failures classify a worker as woman. In particular, it is the differentiation of these two closely prescriptive positions that suggests any sense of identity for these salesmen. And feminine is agreed a negative position. According to McDonough , â€Å"it (feminine) is set up as the failure and lack that a man must overcome in order to establish and maintain his identity as a man† (1963). On the contrary, this construct of male identity stays exceedingly questionable and is continuously exposed by the same antagonism that is thought to create it. The prevailing need of David Mamet’s male characters is for confirmation of their identity, for understanding, comfort, love and friendship. However, this need is neglected because of the fear that needing anything is a sign of weakness and it is unmanly to be insecure in one’s identity. Distrust of the world which the characters live produces this fear. Fear of infidelity in sexual relationships, friendship and business transactions results in distrust among everybody. In addition to this, distrust and fear lies in one’s lack of confidence within the self (McDonough, 2996). To support this, Stephen Shapiro in his study of masculinity argues that, â€Å"male self- mistrust is caused by narcissism and reinforced by male silence, emotional inhibition and puerile attitudes and behavior† (1984). He also adds that â€Å"the division inside men, in the male psyche, has the drastic social consequence of weakening trust in all other relationships† (Shapiro, 1984). Moreover, that â€Å"weakening of the bonds of trust in these relationships causes still further decay in male self-trust† (Shapiro, 1984). In Shapiro’s view, it can be deduced that the characters Edmond, Bernie, Fox and Levene, are motivated by frantic uncertainty or lack of confidence regarding their manhood. According to McDonough, â€Å"this is a sense of powerlessness that they seek to over-compensate for† (1997). She also adds that â€Å"it is a need to establish their manhood in the face of real or imagined challenges to it† (McDonough, 1987). Most of the time, these challenges are personal, internal insecurities. Moreover, they are regularly protected onto the outside world; oftentimes, onto women or else onto fellow salesmen, workers or friends. Above all, David Mamet’s characters assume they have something to verify about themselves through competition with others. As a result, they are imprisoned in a vicious belief of antagonism that they cannot escape.   Within Mamet’s plays, antagonism shows the standards of masculinity. Roma states: â€Å"I swear it’s not a world of men. Machine, it’s a world of clock watchers, bureaucrats, officeholders. It’s a fucked up world. There’s no adventure to it. Dying breed. Yes it is. We are the members of a dying breed† (Mamet, 1983). Masculinity can observed all throughout the play where salesmen refer to themselves as â€Å"men†.   However, it should be noted that they are not referring to themselves of gender. Rather, it can be deduced that the salesmen are a select order of people. As Roma reiterates that they are â€Å"a dying breed†. On the contrary, the â€Å"clock watchers, bureaucrats, officeholders† do not refer to true men. These â€Å"machines† take orders. The personality which these people have does not strongly reflect their work. This can be observed in the likes of Williamson and Shelley â€Å"Machine† Levine. Williamson is a non-salesman while Levene is, according to Kane, more despicable than the arrogant top salesman† (2004). They are considered to be â€Å"despicable company men† who serve simply as cogs in the corporate machine. Levine’s former success is frequently associated with inhumanity. David Mamet implies Levene determined his own destiny but did so mechanically. In some ways, â€Å"Glengarry Glen Ross† seems like a modernized and more mordant version of Arthur Miller’s â€Å"Death of a Salesman† (1996). Shelley Levene in â€Å"Glengarry Glen Ross†, just like Willy Loman in â€Å"Death of a Salesman† is in the last stages of falling apart. He continues living in a largely inhuman world, one unreceptive to any but the majority of aggressive personalities. A product of this world is Levene, who has been an aggressor. However, now he’s old, out of luck and he’s being shown up in the competition. It starts to appear that perhaps he was never all that good anyway. As George affirms, â€Å"he (Levene) has no money, very little pride left (and) his confidence is shattered† (1994). Conceivably the most distinguished fictional salesman is Willy Loman, whose frustrated dreams ultimately divide his family and ruins him. His unyielding quest for success, together with an idealistic view of the world, results in his being â€Å"done in† largely due to the capitalist system. He ignores his emotional life in the certainty that the one purpose of the real-estate business was to generate money. Although he finds that success does not bring him the contentment he seeks. Willy Loman can be considered an archetypal salesman in literature, an unusual combination of both victim and oppressor whose demise is brought about by self-delusion and societal pressure (Dean, 1990). In â€Å"Death of a Salesman†, the American dream may be Willy Loman’s vision of a house and successful children with families of their own. And like Willy, the salesmen in David Mamet’s play all have their American dreams, though it may be different. However, these salesmen don’t dream of grand houses or successful children. Instead, they dream of the rich customer who will enable them to stop working for those who exploit them. They also dream continually of success. Though similarly, as a whole, both Arthur Miller and David Mamet point out the disappointments and failures of the American dream myth and the vindictiveness in capitalistic society. For numerous cohorts of writers who have assessed the American Dream, the salesman has been a symbol of its shortcomings. Indeed, being a salesman can lead to great wealth and that it is the means for a common man to make good by complete hard work. On the other contrary, this is not the characteristic that such writers choose to accentuate. To these people, as Dean affirms, is â€Å"a society that advocates this kind of self-improvement is a consumer society based on materialism† (Dean, 1990). It has, at its heart, an worthlessness that can never be assuaged by yet additional money in the bank. The salesmen gain enthusiasm from the promise of happiness and gratification in return for material success. Their clients too are as much a part of the capitalist hegemony where their purchase is their symbol of material success. The salesmen invest these purchases with remarkable, life-enhancing properties that embrace the guarantee of a better future. However, the truth is not the same. In the same way as the salesmen’s endless quest for unauthentic success is basically a chimera. The goods which they sell are quite insignificant. For that reason, the salesmen are taking advantage of those who, like them, must dream and think of a brighter future (Dean, 1990). Stafford in â€Å"Visions of a Promised Land† stops short of an allegorical reading of â€Å"Glengarry Glen Ross†. Though, he does present the thought-provoking question that Aaronow, Levene and Moss are older Jewish men who may possibly be celebrated with Old Testament figures. Stafford also proposes that they have been paying attention to the real estate business partly by their personal searches for a â€Å"promised land† (1996). â€Å"Ricky Roma, Mitch and Murray are more likely to be gentiles† (Stafford, 1996) associated both with conquering Rome (in Roma’s case) and latter-day Christian entrepreneurial types. On the other hand, the frequent allusions to Old Testament figures and the motif of land for sale imply, Stafford believes, that â€Å"the division of the conflict into old versus new, age versus youth beliefs, gives a sense of historical perspective† (1996). Moreover, â€Å"these ancient traditions have been replaced with a modern day religion based on greed, deceit and spiritual bankruptcy† (Stafford, 1996). Similarly, in â€Å"Weasels and Wisemen†, Leslie Kane concurs that the playwright utilizes allusions to archetypal biblical characters such as the Levites, Moses and Aaron. She adds that there is â€Å"as a link between ancient and modern worlds, values, aspirations and spirituality† (Kane, 1999). Yet it is apparent that insensitive business corporation has, in a sense, changed ancient Judaic ideas of moral and social responsibilities. As a result, the characters in Mamet’s play are caught in a moral predicament. They are rapped between their craving to acquire the land or achieve from its sale and their longing for old value systems. David Mamet’s job is to create a closed moral universe and to leave an evaluation of the characters’ behavior to the audience. He means the evaluation to be difficult rather than easy and for the audience to squirm on the hook. As Mamet has said in â€Å"Decay: Some Thoughts for Actors†, â€Å"we need not fall victim to the liberal fallacy of assuming that because we can perceive a problem we are, de factor, not part of the problem† (1986). According to an interview made by David Savran with David Mamet, Savran asks â€Å"why the subtext is always about power, buying and selling† (1988). Mamet responds â€Å"why not?† and defends it by saying â€Å"I guess most American literature, the American literature that I love, that I grew up on, is about business (and) that’s what America is about† (Savran, 1988). In the point of view of David Mamet, the American Society is composed of human life based on business. When Mamet proposed the delineation of the difficult business world, he â€Å"demonstrated the import of human community as well as the inevitability of conflicts among people† (Wan-Ling, 2000). Whereas, the myth of the American Dream aims to persuade the audience or the salesmen that everybody has an equal opportunity to attain his success, on top of all material success. On the other hand, David Mamet aimed to â€Å"expose the reality that part of such myth brings not only a possibility of the conflict on benefits among people but also that of the blur of boundaries between businessmanship and friendship† (Wan-Ling, 2000). In â€Å"Glengarry Glen Ross†, the functions and effects of power due to the needs and interests of its characters are carefully revealed. Instead of simply presenting his observations on the exercise of power, David Mamet also indicated a reflection of the ruthlessness and gracelessness of the business world. More specifically, as an American playwright, David Mamet manifested in his play the realistic and materialistic American business world. Through Foucauldian analytics of power, it can be realized that the salesmen in â€Å"Glengarry Glen Ross† are not, in the essence, destined to be repressed by the capitalistic system, nor by their colleagues. They have the choice and the ability to resist, which would dominantly bring them to a higher hierarchy in the business world. In essence, David Mamet adduces the business world in â€Å"Glengarry Glen Ross† â€Å"for highlighting the distortion of relationships in human community† (Wan-Ling, 2000). Hence, it can be deduced that it is the characters who trap themselves. Moreover, it is the human beings who cause this distortion. And for this reason, David Mamet achieves his purpose of reminding the actualities of human relationships to his readers. References Bercovitch, S., Carswell, C. H., & Patell, C. R. K. (1999). The Cambridge History of American Literature. United Kingdom: The Press Syndicate of the University of Cambridge. Bigsby, C. W. E. (2004). The Cambridge Companion to David Mamet. United Kingdom: The Press Syndicate of the University of Cambridge. Dean, A. (1990). David Mamet: Language as Dramatic Action. New Jersey: Associated University Presses. George, K. (1994). Playwriting: The First Workshop. USA: Butterworth-Heinemann. Kane, L. (1999). Weasels and Wisemen: Ethics and Ethnicity in the Works of David Mamet. New York: St. Martin’s. Kane, L. (2004). The Art of Crime: The Plays and Films of Harold Pinter and David Mamet. New York: Routledge. King, K. (2001). Modern Dramatists. New York: Routledge. Mamet, D. (1983). Glengarry Glen Ross: A Play. New York: Grove Press. Mamet, D. (1986). Decay: Some Thoughts for Actions. New York: Viking. McDonough, C. J. (1963). Staging Masculinity: Male Identity in Contemporary American Drama. North Carolina: McFarland and Company, Inc., Publishers. Miller, A. (1996). Death of a Salesman. New York: Penguin Classics. Savran, D. (1988). In Their Own Words: Contemporary American Playwrights. New York: Theatre Communications Groups. Shapiro, S. A. (1984). Manhood: A New Definition. New York: G.P. Putnam’s Sons. Stafford, T. J. (1996). David Mamet’s Glengarry Glen Ross: Text and Performances. New York: Garland. Wan-Ling, C. (2000). Theatre of Power. Taiwan: National Sun Yat-Sen University.   

Final Project of Fin619

[pic] Pass Dear Student you are declared PASS in your written work. Start preparing for presentation & viva voce and improve your work according to the given instructions and guidelines available at VULMS of your course under the icon DOWNLOADS after clicking COURSE WEBSITE at VULMS. Also read lesson # 7 of this course in this for effective preparation of your presentation slides. For any course related query and information, you can contact us via MDB, Email ([email  protected] edu. pk) and telephone (92 (42) 111 880 880 (Extension: 8851 or 3941). RATIO ANALYSIS OFASKARI BANK, UNITED BANK AND BANK ALFALAH FOR THE YEARS 2009, 2010, 2011 A PROPOSAL FOR REPORT TO BE SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCES, VIRTUAL UNIVERSITY OF PAKISTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER IN BUSINESS ADMINISTRATION (MBA-Exec) Submitted By: AAMIR SHAHZAD MC100403644 MBA-Exec (Finance) SUBMISSION DATE: 02-02-2013 Virtual University of Pakistan Letter of Undert aking Job confirmation letter [pic] Dedication I would like to dedicate this project to My parents My Wife & My Kids Ashar Ali & Mubashar Ali AcknowledgementAll my efforts for my MBA and this Project would have been nothing with out the help and grace of Almighty Allah and I am always Gratified to Blessings of Allah. More than anybody else, I would like to acknowledge my uncle Mr. Ashfaq Ali Tabassam for his never ending support. He always guided me whenever I felt stuck off and his encouragement always worked as moral booster for me. I would like to extend my special thanks to my friend Mr. Aamir who advised me time to time and provided me technical assistance. I am highly indebted to my boss in my organization Mr.Muzaffar Ali who spared me and gave me ample time, out of my professional commitments, to go all out for my MBA from Virtual University of Pakistan. Executive Summary The purpose of this report titled â€Å"RATIO ANALYSIS OF ASKARI BANK, UNITED BANK AND BANK ALFALAH FOR THE YEARS 2009, 2010, 2011†is to investigate the financial performance of these banks during the mentioned period. The first chapter of this report deals with introduction of project and banks under study, financial period under consideration, objectives and significance of the project. The second part is about data processing and analysis.The fourth chapter is about calculation of different ratios its comparison and interpretation. In last chapter conclusions and recommendations have been given. The data for the study is collected from financial repots of the banks which are available on theirs respective websites. The financial reports included the balance sheet, income statement and cash flow statements. As regards to finding of study, the Net Profit Margin ratio of Askari and bank Alfalah is low as compare to UBL. UBL is also on top in gross spread ratio, return on equity, debt ratio and Advance/Deposit ratio.While Askari Bank has better cash flow ratio and Price/Earning r atio. It is recommended for Bank Alfalah and Askari bank to cut down their non markup expenses to improve their Net Profit Margin Ratio while, on the other hand their turnover is satisfactory. UBL and Alfalah should decrease their current liabilities and ensure the availability of more liquidity to meet short term debts. Askari bank and bank Alfalah both banks need to adopt measures to cut down their interest expenses in order to increase their gross spread ratio.In order to increase non interest income Askari and Alfalah needs to increase their earnings through fees, commissions and other advisory charges etc. In Advance/Deposit ratio Askari bank and Alfalah should have to utilize their deposits in more projects either through corporate financing or general public financing. Table of Contents Section I Chapter 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 â⠂¬ ¢ 1. 1 Introduction of the project †¢ 1. 2 Banks Introduction †¢ 1. 4 Period Under Consideration †¢ 1. 5 Objectives †¢ 1. 6 Significance Chapter 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦11 †¢ 2. 1 Data Collection 2. 2 Data Processing and Analysis Chapter 3†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 †¢ 3. 1 Net Profit Margin †¢ 3. 2 Operating cash flow ratio †¢ 3. 3 Gross Spread ratio †¢ 3. 4 Non-interest income to total income ratio †¢ 3. 5 Spread ratio †¢ 3. 6 Advances/deposit ratio †¢ 3. 7 Return on total equity (ROE) †¢ 3. 8 Debt ratio †¢ 3. 9 Debt/Equity ratio †¢ 3. 10 Price/Earning ratio Chapter 4†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 26 †¢ 4. 1 Conclusions †¢ 4. 2 Recommendations Section I †¢ a) Student Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦29 †¢ b) Bibliography †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦30 Section IChapter 1 1. Project Introduction The financial ratio analysis techniques referred to in this aid could be useful to analyze any company financial performance. This study is also going to investigate the financial performance of three mentioned banks e. g. Askari bank, united bank and Bank Alfalah. These banks are surveying in the Pakistani Market and are competitors each other. Hence this study is going to find out which bank has strong financial position over other two banks. With the h elp of financial ratio analysis we can analyze the financial position of any company.Many stakeholders, investors, creditors may analyze any company, firms financial position with the help of ratio analysis before taking any important decision regarding to investments or any other. Therefore financial ratio is a mathematical correlation among several numbers often stated in the form of percentage, times, or days. 1. 2 Banks Introduction Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962.The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. United Bank Limited (UBL) was incorp orated in Pakistan on November 7th 1959. In 1963 the bank opened its first overseas branch in London, United Kingdom. In 1971 the UBL was nationalized by the Government. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway.Currently UBL is one of the largest commercial banks in Pakistan having more than 1,220 online branches inside the country. Its 15 branches outside the country are in the United States of America, Qatar, UAE, Bahrain, and Republic of Yemen. It also has representative offices in Tehran (Iran), and Almaty (Kazakhstan). It owns subsidiaries in the UK (United National Bank Limited), and in Zurich (Switzerland). Bank Alfalah Limited was incorporated on June 21st, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from 1st Nov, 1997.The Bank is currently operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan, with the registered office a t B. A. Building, I. I. Chundrigar, Karachi. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. During the past five years, Bank Alfalah has emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today. 3. Financial Period Under-Consideration for Analysis:Financial period under consideration for analysis (2009, 2010, 2011) 4. Objectives 1. To analyze the selected banks efficiency in managing their resource for generating profit 2. To composition of capital structure of the selected banks, how much of the bank’s assets are financed through external and internal debt. 3. To find out that how effectively selected banks are maximizing their profit by controlling their interest expenses. 4. To compare the selected banks interest income with their interest expenses. 5. Are banks able to pay the current liabilities from their cash equivalents? . Significance The significance of these projects may include the following 1. The finding of this research will be more beneficial for investors, creditors, to take good decision after seeing the result of ratio. They can easily analyze the bank position through this study result. Bank Management may also study the finding of this study to determine the success or failure of particular sales, marketing as well as financing strategies. 2. At the end of this research, we will be able to get which bank is more able to pay its current liabilities from their cash equivalents. 3.The major outcomes of this research, this study will clear the concept regarding to financial ratio analysis in banking sector by applying different ratios. 4. This research may help the stakeholders to analyze financial ratios result before taking any serious decisions. 5. Financial mangers of selected banks also take advanta ges from this study to identify their bank strengths and weakness and will improve their poor areas. Chapter 2) Data Processing & Analysis 1. Data Collection Sources Study has used three banks annual reports/balance sheet, income statements, cash flow statements for data analysis and data processing.In research only secondary would be used to access the objectives which are mentioned as above. The study has used secondary sources to access the objectives of this research. The sources of this research were three banks websites. Annual reports were collected from the websites 2. Data Processing and Analysis Tools: Data was processed, analyzed and all the entry has done on excel sheet. Hence Study has used Excel sheet for data analysis and for calculation purpose. Result has been displayed on MS world in tabulation form with interpretation. Chapter 3) Data Analysis Ratio Analysis 1 Net Profit Margin SignificanceNet profit margin ratio explicit the profitability of the institution again st the revenue. It will also define the performance of the company in its operations in the market. So, shareholders assess it carefully in order to take their economic decisions. FORMULA: Net profit margin= (Net profit/ Revenue) *100 |Banks |2009 |2010 |2011 | |UBL |9,192,687/61,107,025*100 |11,159,930/59,331,761*100 |15,499,663/70,450,475*100 | | |15. 4% |18. 81% |22. 00% | |Askari Bank |1,097,507/22,586,736*100 |943,177/27,952,162*100 |1,627,698/32,766,351*100 | | |4. 86% |3. 37% |4. 97% | |Bank Alfalah |897035/35561312 *100= |968452/37530256*100= |3503130/44298178*100= | | |2. 2% |2. 58% |7. 91% | |Banks |2009 |2010 |2011 | |UBL |15. 04 |18. 81 |22. 00 | |Askari Bank |4. 86 |3. 37 |4. 97 | |Bank Alfalah |2. 2 |2. 58 |7. 91 | [pic] Interpretation and comparison The analysis of above table and graph depicts that the Net Profit Margin of all the Three banks is increasing. UBL is on the top with 15. 04% earning in the period of 2009 and increasing in the respective years with 18. 81 % in the year 2010 and 22% in 2011 which shows a positive trend which is due to the stringent control on operating expenses . While on the side, Askari bank Profit margin shows minor fluctuation with 4. 6% in the period 2009 then decreases in 2010 to 3. 37% owing to increase in non markup expenses and increases to 4. 49% in the year 2011. Profit margin of Bank Alfalah is also showing positive ness which is 2. 52% in 2009 and 2. 58% in the year 2010 and sore up to 7. 91% in 2011. 2 Operating Cash Flow Ratio Significance The ratio explains the cash flows of the bank or company which it earns by its operations and analyze it against it current liabilities to determine how well a company is in paying its debts which fall due in the financial year.FORMULA: Operation Cash Flow Ratio= Net cash generated from operating activities/ Current Liabilities |Banks |2009 |2010 |2011 | |UBL |23,099,432/262214540= |100,070,348/369628811= |108,571,682/407621100= | | |0. 09 times |0. 27 times |0. 7 tim es | |Askari Bank |36,245,071/49327164= |35,810,016/114583064= |36,491,839/14943963= | | |0. 73 Times |0. 31 times |2. 44 times | |Bank Alfalah |19945927/350833577= |18112043/184831395= |54274913/194917015= | | |0. 06 times |0. 0 time |0. 28 time | |Banks |2009 |2010 |2011 | |UBL |0. 09 |0. 27 |0. 27 | |Askari Bank |0. 73 |0. 31 |2. 44 | |Bank Alfalah |0. 06 |0. 0 |0. 28 | [pic] Working Current Liabilities of UBL 2009 2010 2011 †¢ Bills payable (Short term) 5,147,259 5,045,815 5,879,043 †¢ Borrowings (Short term) 35,018,765 44,187,313 45,534,286 †¢ Deposits and other accounts (Short term) 209,685,205 319,797,360 340,999,875 †¢ Liabilities against assets subject to finance Lease (Short term). – – – †¢ Other liabilities (Short term) 12,363,311 369,628,811 407,621,100 †¢ Total 262,214,540 369628811 407,621,100 Working Current Liabilities of Askari Bank 009 2010 2011 †¢ Bills payable (Short term) 2,945,6703,089,9842,756,032 †¢ Borrowings (Short term) 19,300,16325,554,7772,758,043 †¢ Deposits and other accounts (Short term) 22,247,84228,646,7715,516,086 †¢ Liabilities against assets subject to finance ease (Short term). – – – †¢ Other liabilities (Short term) 4,833,48957,291,5323,913,802 †¢ Total 49,327,16411458306414,943,963 Working Current Liabilities of Bank Alfalah 2009 2010 2011 Bills payable (Short term) 3,766,144 4,521,533 5,403,453 †¢ Borrowings (Short term) 20,107,541 13,050,006 17,060,524 †¢ Deposits and other accounts (Short term) 320,249,261 161,368,880 165,257,870 †¢ Liabilities against assets subject to finance lease (Short term). 4,429 3,031 – †¢ Other liabilities (Short term) 6,706,202 5,887,945 7,195,168 †¢ Total 350,833,577184,831,395194,917,015Interpretation and comparison The analysis of the above table and graph show that Operating Cash Flow of UBL is 0. 09 times in the period 2009 and 0. 27 times in the perio ds 2010 and 2011 shows consistency in respective years. While the cash flow of Askari bank is 0. 73 times in 2009 and decreases to 0. 31 times due to decline in cash generated from operating activities and increases to 2. 44 times in the year 2011 due to the decline in short term liabilities and increase in cash generation. Cash flow of Bank Alfalah is 0. 6times in the year 2009 and 0. 10 times in 2010 and 0. 28 times in the period 2011 shows increasing trend. 3 Gross Spread Ratio Significance It is being calculated by dividing the difference of interest earned and expensed by interest expensed on the deposits of the public. It will help to measure the markup income of the bank in the reporting period. FORMULA: Gross Spread Ratio = (Mark-up / return / interest earned – Mark-up / return / interest expensed) / Mark-up / return / interest earned*100 Banks |2009 |2010 |2011 | |UBL |61,107,025- 28,163,787= |59,331,761- 24,997,188= |70,450,475 -31,025,869= | | |32,943,238/61,107,02 5= |34,334,573/59,331,761= |39,424,606/70,450,475= | | |53. 1% |57. 87% |55. 96% | |Askari Bank |22,586,736 – 13,554,078 = |27,952,162 – 17,936,616= |32,766,351- 22,699,583= | | |9,032,658/22,586,736 = |10,015,546/27,952,162= |10,066,768/32,766,351 = 30. 72 % | | |39. 99% |35. 3 % | | |Bank Alfalah |35561312 – 24654180 =10907132/35561312 =|37530256 – 23855448= |44298178 –25687485= | | |30. 67% |13674808/37530256 = |18610693/44298178 = | | | |36. 44% |42. 01% |Banks |2009 |2010 |2011 | |UBL |53. 91 |57. 87 |55. 96 | |Askari Bank |39. 99 |35. 83 |30. 72 | |Bank Alfalah |30. 67 |36. 44 |42. 1 | [pic] Interpretation and comparison The analysis of the above table and graphical representation shows the Gross Spread Ratio of UBL 53. 91% in the period 2009 and increases to 57. 87% in the period 2010 and then decreases to 55. 96% in 2011 respectively, UBL is on the top in interest earning in the market. Askari bank ratio is 39. 99% in the period 2009, 35. 8 3% and 30. 72% in the periods 2010 and 2011. While Bank Alfalah ratio is increasing from 2009 to 2011 with 30. 67%, 36. 44% and 42. 01% which is better marginally then other banks.But UBL is earning more as compare to other two banks due to better policy making and service. 4 Non-Interest Income to Total Income Ratio Significance It is other income which a bank earn from its services related to non markup sources such as advisory services and consultation provided in risk management etc. It describes the percentage of non interest income to total income of the bank or company. FORMULA: Non Mark-up / interest income to total income ratio= non mark-up / interest income / (non mark-up / interest income +Mark-up / return / interest earned)*100 Banks |2009 |2010 |2011 | |UBL |11,419,571/72526596= |10,090,162/69421923= |12,718,253/83168728= | | |15. 75% |14. 53% |15. 29% | |Askari Bank |2,544,415/25131151= |2,800,297/30752459= |2,902,921/35669272= | | |10. 2% |9. 11% |8. 14% | |Bank Alfal ah |5182253/40743565 = |4708161/42238417= |5367713/49665891 = | | |12. 72 % |11. 15% |10. 81% | |Banks |2009 |2010 |2011 | |UBL |15. 5 |14. 53 |15. 29 | |Askari Bank |10. 12 |9. 11 |8. 14 | |Bank Alfalah |12. 72 |11. 15 |10. 81 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Non Interest income of all the three banks with the highest ratio of UBL which is 15. 75% in the period 2009 and 14. 3% in the period 2010 and in 2011 is 15. 29% in comparison with Askari bank and Bank Alfalah. Askari Bank earn 10. 12% in the period 2009 and 9. 11% and 8. 14% in 2010 and 2011 which is declining. While Bank Alfalah ratios are 12. 72%, 11. 15% and 10. 81% in the years 2009, 2010 and 2011 is declining respectively. So, UBL shows better ratio as compare to the other banks in all the three years. The Results shows that UBL shows fluctuation while the other banks ratios show declining trend. Working of Total income of UBL Total Income= (Non mark-up / interest income +Mark-up / return / interest earned)    |Total Income |   |   | |Non Mark-up/interest income |11,419,571 |10,090,162 |12,718,253 | |Mark-up/return/interest earned |61,107,025 |59,331,761 |70,450,475 | |Total Income = |72526596 |69421923 |83168728 | Working of Total income of Askari Bank    |Total Income |   |   | |Non Mark-up/interest income |2,544,415 |2,800,297 |2,902,921 | |Mark-up/return/interest earned |22,586,736 |27,952,162 |32,766,351 | |Total Income |25131151 |30752459 |35669272 |Working of Total Income of Bank Alfalah Total Income= (Non mark-up / interest income +Mark-up / return / interest earned) |   |Total Income |   |   | |Non Mark-up/interest income |5182253 |4708161 |5367713 |Mark-up/return/interest earned |35561312 |37530256 |44298178 | |Total Income |40743565 |42238417 |49665891 | Interpretation and comparison Interpretation is missing. 5 Spread Ratio Significance It is the ratio that describes the markup spread between income and expens e. It helps to measure how much income bank earns by incurring markup cost.Higher ratio shows more profitability through loans and investments. Formula:- Spread Ratio = Interest Earned / Interest Expensed |Banks |2009 |2010 |2011 | |UBL |61,107,025/28,163,787= |59,331,761/24,997,188= |70,450,475/31,025,869= | | |2. 17 times |2. 37 times |2. 7 times | |Askari Bank |22,586,736/13,554,078= |27,952,162/17,936,616= |32,766,351/22,699,583= | | |1. 68 times |1. 56 times |1. 44 times | |Bank Alfalah |35561312/24654180 = |37530256/23855448= |44298178/25687485= | | |1. 44 times |1. 7 times |1. 72 times | |Banks |2009 |2010 |2011 | |UBL |2. 17 |2. 37 |2. 27 | |Askari Bank |1. 67 |1. 56 |1. 44 | |Bank Alfalah |1. 44 |1. 7 |1. 72 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Spread Ratio of the UBL which is highest as compare to the other two banks, is at 2. 17 times in the year 2009 and increases to 2. 37 times in the year 2010 and 2. 27 times in the year 2011, decreases the zig zag trend is due to the fluctuation in both aspects interest earn and expensed. While the ratio of Askari bank 1. 67% in the year 2009, 1. 56% in the year 2010 and 1. 4% in the year 2011 respectively. Bank Alfalah ratio shows increasing trend throughout the three years 2009 to 2011 which are as 1. 44%, 1. 57%, 1. 72% which shows better recovery of interest income from its investments 6 Advances / Deposits Ratio Significance It defines the advances banks make from the available deposits. It measures the ability of the bank in fruitful usage of money of the depositors which will increase the markup income. FORMULA: Advances / Deposits Ratio= Total Advances/ Total Deposits Banks |2009 |2010 |2011 | |UBL |354,091,713/492,036,103= |333,732,172/550,645,767= |325,347,208/612,980,139= | | |0. 72 times |0. 61 times |0. 53 times | |Askari Bank |135,034,499/205,970,227= |152,784,137/255,936,503= |150,710,709/291,502,993= | | |0. 6 times |0. 60 times |0. 52 times | |Bank Alfalah |188042438/324759752= |207152546/354015311= |198468512/401247886= | | |0. 58 times |0. 59 times |0. 49 times | |Banks |2009 |2010 |2011 | |UBL |0. 2 |0. 61 |0. 53 | |Askari Bank |0. 66 |0. 60 |0. 52 | |Bank Alfalah |0. 58 |0. 59 |0. 49 | [pic] Interpretation and comparison The analysis of the above table and graph shows Advance/Deposit ratio of UBL which is very high as compare to other banks 0. 2 times in the year 2009 and 0. 61 times in the year 2010 and 0. 53 in the year 2011. Askari bank ratio is 0. 66 times, 0. 60 times and 0. 52 times in the consecutive years 2009, 2010 and 2011. While the ratio of bank Alfalah is 0. 58 times in 2009 and increases to 0. 59 times 2010 and decline drastically to 0. 49 times in 2011with 0. 10 times which shows that Bank Alfalah is not utilizing its deposits effectively as compare to other banks. 7 Return on Total Equity (ROE) Significance It measures income bank earns from the equity.It determines the ability of the institution how productively it uses the money of shareholders in its business. High ratio will allure more investors. FORMULA: Return on total Equity=Net Income/ Total equity*100 |Banks |2009 |2010 |2011 | |UBL |9,192,687/52276246*100= |11,159,930/60180924*100= |15,499,663/70,622,933*100= | | |17. 58 % |18. 4 % |21. 94% | |Askari Bank |1097507/ 13142688 |943177/ 14820578*100= |1627698/ 16508782*100= | | |*100= 8. 35 % |6. 36 % |9. 86 % | |Bank Alfalah |897035/ 19770260 *100= |968452/ 19726556*100= |3503130/ 22839886*100= | | |4. 4 % |4. 91 % |15. 34 % | |Banks |2009 |2010 |2011 | |UBL |17. 58 |18. 54 |25. 76 | |Askari Bank |8. 35 |6. 36 |9. 86 | |Bank Alfalah |4. 4 |4. 91 |15. 34 | [pic] Working of Total Equity UBL (UBL) |   |Working Total equity |   |   | |   |Total Equity |   |   | |   |2009 |2010 |2011 |Share capital |11,128,907 |12,241,798 |12,241,798 | |Reserves |18,959,537 |21,688,637 | | |Un appropriated profit |22,187,802 |26,250,489 | | |Total Equity |52276246 |60180924 | | |   |   |   |   | Working of Total Equity (Askari bank)    |2009 |2010 |2011 | |Share capital |5,073,467 |6,427,440 |7,070,184 | |Reserves |7,235,710 |7,691,319 |8,136,440 | |Un appropriated profit |833,511 |701,819 |1,302,158 | |Total Equity |13,142,688 |14,820,578 |16,508,782 | Working of Total Equity (Bank Alfalah)    |2009 |2010 |2011 | |Share capital |13491563 |13491563 |13491563 | |Reserves |3587969 |3819133 |4100264 | |Un appropriated profit |2690728 |2415860 |5248059 | |Total Equity |19770260 |19726556 |22839886 | Interpretation and comparison The analysis of the above table and graph show the Return On equity of all the three banks. UBL ratio is 17. 58% in the year 2009, 18. 54% in the year 2010 and 25. 76% in the year 2011. While Askari bank ratio is 8. 35% in 2009, 6. 36% in the period 2010 and 9. 86% in 2011 respectively. Bank Alfalah ratios are 4. 54%, 4. 91% and 15. 34% in the periods 2009, 2010 and 2011.So on marginal basis Alfalah improves utilizat ion of equity then other two banks. But on the whole, UBL is on the top in optimum utilization of stakeholders equity. 8 Debt Ratio Significance It measures the liabilities of the bank or company against the total assets. It should be low as investors like low ratio because the need their residual interest to be secured. FORMULA: Debt ratio= (Total debt/ Total assets)*100 |Banks |2009 |2010 |2011 | |UBL |558,779,710/619,718,433*100= |631,402,822/699,817,887*100= |698,906,833/778,059,741*100= | | |90. 7% |90. 22 % |89. 83 % | |Askari Bank |239,378,374/254,327,446*100= |298,740,410/314,744,552*100= |325,980,040/343,756,306*100= | | |94. 12 % |94. 92% |94. 83% | |Bank Alfalah |366936635/389070055*100= |389178295/411483839*100= |442396764/468173802*100= | | |94. 31% |94. 58 % |94. 49 % | Banks |2009 |2010 |2011 | |UBL |90. 17 |90. 22 |89. 83 | |Askari Bank |94. 12 |94. 92 |94. 83 | |Bank Alfalah |94. 31 |94. 58 |94. 49 | [pic] Interpretation and comparison The analysis of the above ta ble and graph show the Debt Ratio, UBL ratio is 90. 17 in the year 2009, 81. 15% in the year 2010 and 99. 7% in the year 2011. Askari bank ratio is 94. 12% in 2009, 94. 12% in 2010 and 94. 83% in 2011 which show consistency in the three years. Bank Alfalah shows also consistent trend in 2009, 2010 and 2011 are 94. 31%, 94. 58% and 94. 49%. So results show that UBL ratio is increasing which is not good indication as compare to other banks, while other banks are controlling effectively their Debt ratio. 9 Debt / Equity Ratio Significance It is the percentage of liabilities to shareholders’ money. It will define either the bank is equity or liability based. It also helps to assess the how risky the company is. FORMULA: Debt / Equity Ratio = (total debt/ total equity) Banks |2009 |2010 |2011 | |UBL |558,779,710/52276246= |631,402,822/60180924= |698,906,833/70,622,933= | | |10. 69 times |10. 49 times |9. 90 times | |Askari Bank |239,378,374/13142688= |298,740,410/14820578= |325, 980,040/16508782= | | |18. 21 times |20. 16 times |19. 75 times | |Bank Alfalah |366936635/19770260 = 18. 56 times |389178295/19726556= 19. 73 times |442396764/22839886= 19. 37 times | Banks |2009 |2010 |2011 | |UBL |10. 69 |10. 49 |11. 61 | |Askari Bank |18. 21 |20. 16 |19. 75 | |Bank Alfalah |18. 56 |19. 73 |19. 37 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Debt/Equity ratio where UBL ratio is 10. 69% in 2009,10. 49% in the year 2010 and 11. 1% in the year 2011 respectively which remains consistent in first two years then increases in 2011. Askari bank ratio is 18. 21% in 2009 which too high as compare to UBL, 20. 16% in 2010 and 19. 75% in the year 2011. While Bank Alfalah is on the same level 18. 56% in 2009, 19. 73% and 19. 37% in the years 2010 and 2011. As as consequence of analysis, UBL ratio is much better then other banks as its ratio is approximately 8% below the other banks ratio. 10 Price/Earnings Ratio Significance It will define the price of share against the per share earning. It should be high as it shows business prosperity and growth chances are bright in future. FORMULA: P/E = Current Market Share Price/ EPS Working of EPS EPS WORKING UBL 2009 |2010 |2011 | |Net Income= 9,192,687 |Net Income= 11,159,930 |Net Income= 15,499,663 | |Number of shares= 1,112,890 |Number of shares= 1,224,179 |Number of shares= 1,224,179 | |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares | | |=9,192,687 / 1,112,890 |= 11,159,930/1,224,179 |= Net income/ outstanding number of shares | |= 8. 26 per share |= 9. 12 per share |= 15,499,663/1,224,179 | | | |= 12. 66 per share |No of outstanding share figure has been taken from the notes i. e Share capital EPS WORKING ASKARI BANK |2009 |2010 |2011 | |Net Income= 1,097,507 |Net Income=943,177 |Net Income= 1,627,698 | | |Number of shares= 642,743 |Number of shares= 707,018 | |Number of shares= 507,346 |= Net income/ outstanding numbe r of shares | | |= 943,177/642,743 |= Net income/ outstanding number of shares | |= Net income/ outstanding number of shares |= 1. 47 per share |= 1,627,698/707,018 | |= 1,097,507/507,346 | | | | | |= 2. 30 per share | |= 2. 16 per share | | | BANK Alfalah 2009 |2010 |2011 | |Net Income= 897,035 |Net Income= 968,452 |Net Income= 3,503,130 | |Number of shares= 134,9156 |Number of shares= 134,9156 |Number of shares= 134,9156 | |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares | |= 897,035/ 134,9156 |= 968,452/ 134,9156 |= 3,503,130/ 134,9156 | |= 0. 66 per share |= 0. 71 per share |= 2. 59 per share | |0. 66 |0. 71 |2. 59 | Banks |2009 |2010 |2011 | |UBL |64. 25/8. 26= 7. 77 times |84. 23/9. 12= 9. 23 times | 84. 17/12. 66= 6. 64 times | |Askari Bank |45. 25/2. 16 = 20. 92 times |64. 75/1. 47 = 44. 12 times |73. 49/2. 30 = 31. 92 times | |Bank Alfalah |77. 45/0. 66 = 116. 48 times |114. 23/0. 72= 159. 13 times |16. 87/2. 60= 6. 69 times | |Banks |2009 |2010 |2011 | |UBL |7. 77 |9. 3 |6. 64 | |Askari Bank |20. 92 |44. 12 |31. 92 | |Bank Alfalah |116. 48 |159. 13 |6. 69 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Price Earning ratios, UBL ratio is 7. 77 times in the year 2009, 9. 23 times in 2010 and 6. 64 times in the year 2011is respectively declining. While Askari bank ratio 20. 92 times in 2009, 44. 12 times in 2010 and increases to 31. 2, on the other hand you can see the P/E of bank Alfalah in year 2009,2010, 2011 is 116. 48 in year 2009, 159. 13 year 2010 and 6. 69 in year 2011. After the result it has proved that Bank Alfalah P/E is higher and better in year 2009 and year 2010 than other two banks. Askari bank and UBL shows declining trend which is unfavorable for the investors. Chapter 4) Conclusion and Recommendations 4. 1) Conclusion Following findings has been inferred on the basis of above ratio analyses which are as 1 . Net profit margin ratio of UBL is high as compare to Askari and Alfalah. In addition to that, Bank Alfalah captures the second level in the comparison.So, UBL has taken over the major share of profit margin 2. Analysis of Operating Cash Flow ratio shows Askari bank ratio is high as compare to UBL and Alfalah. 3. On the basis of ratio analysis UBL gross spread ratio is good and high as compare to Askari and bank Alfalah in the current year. While Bank Alfalah is ranked second in the comparison. 4. In accordance with the analysis of non-interest income to total income ratio UBL ratio is high as compare to the other two banks. While analysis show Askari bank ratio is lowest than UBL and bank Alfalah. 5. The analysis has shown UBL spread ratio is high and much better than other banks in comparison. 6.On the basis of advance/Deposit ratio analysis UBL ratio is high as compare to Askari and Alfalah in the current year. 7. The analysis of Return on equity ratio shows that UBL return is h igh and better than the other two banks. 8. Debt ratio Analysis shows that UBL ratio is high than other two banks. While Askari and Alfalah are at the same level. 9. According to the analysis of Debt/Equity ratio Askari bank ratio is high and bank Alfalah is on the second position. 10. The Price/Earning ratio of Askari bank is high in the analysis of the three banks. While UBL is on the second and bank Alfalah is on the third rank. 4. 2) Recommendations 1. The Net profit Margin ratio of Askari and bank Alfalah is low.In order to improve their net profit both the banks should have to cut down their non markup expenses while, on the other hand their turnover is satisfactory. 2. The Operating cash flow of UBL and Alfalah should have to be improved. These banks should decrease their current liabilities and ensure the availability of more liquidity to meet short term debts. 3. Askari bank and bank Alfalah both banks need to adopt measures to cut down their interest expenses in order to i ncrease their gross spread ratio. 4. In order to increase non interest income Askari and Alfalah needs to increase their earnings through fees, commissions and other advisory charges etc. 5.In Advance/Deposit ratio Askari bank and Alfalah should have to utilize their deposits in more projects either through corporate financing or general public financing. 6. 6. Return on total equity of Askari bank is low, it should increase its net income by cut down its expenses with significant margin. 7. Debt ratio of UBL is high so it should have to avoid more borrowings and use available funds in more proper ways. 8. Spread ratio of Askari bank is low as compare to other banks it should have to increase its lending and use deposits in effective ways. SECTION II a) Introduction of the student Last Degree Obtained: – Bachelor of Commerce Current Organization Dubai City Flowers LLC, Dubai, UAECurrent Designation: – Administration Manger Experience 10+ years b) BIBLOGRAPHY Askari ban k limited Pakistan. (2009). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website:http://www. askaribank. com. pk/Reports/Askari%20Financials%202009. pdf Askari bank limited Pakistan. (2010). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website:http://www. askaribank. com. pk/Reports/Askari%20AR2010%20(Final%20Version). pdf Askari bank limited Pakistan. (2011). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website: http://www. askaribank. com. k/Reports/Askari%20AR%202011%20ALL. pdf United bank limited . (2009). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. com/corporate/resources/ubl/aboutus/financial_report/report_2009/annual_dec09/UBLAnnualReport2009. pdf. United bank limited . (2010). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. com/corporate/resour ces/ubl/aboutus/financial_report/report_2010/annual_dec10/UBLAnnualReport2010. pdf United bank limited . (2011). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. om/corporate/resources/ubl/aboutus/financial_report/report_2011/Annual_Reports/UBL%20Annual%20Report%202011. pdf Bank Alfalah Limited. (2009). Financial-reports. Retrieved December 6, 2012, from Bank Alfalah Limited Official website: http://www. bankalfalah. com/about/download/AnnualReport2009. pdf Bank Alfalah Limited. (2010). Financial-reports. Retrieved December 6, 2012, from Bank Alfalah Limited Official website: http://www. bankalfalah. com/about/download/BALAnnualReport2010. pdf Bank Alfalah Limited. (2011). Financial-reports. 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