Reading Responses and Replies Essay Example | Topics and Well Written Essays - 750 words - 1

Reading Responses and Replies - Essay Example First, the writer does a good job of displaying why he suits for the job position. He goes ahead to demonstrate the value he would bring to the company. The writer gives excellent tips of enhancing confidence to the employer. This catches the employer’s attention to evaluate the need of recruiting a strong applicant who is ready to bring growth to the company. Secondly, while concluding, he displays his confidence by stating that he regards to meet the employer. This demonstrates confidence in his skills and abilities that he would succeed to get the job. Nevertheless, listing out his accomplishments was wrong since this suited a resume. Mostly, most employers regard a cover letter that is one page in length therefore; it would be displeasing to list out the list of accomplishment. The writer could have summarized his list of accomplishment in one or two sentences to grasp the reader’s attention. The writer failed to use the correct format of cover letter. The use of bu llets display lack of professionalism as the use of listing seemed unnecessary. Though bullet points augment easy reading, it should not be present in the formal business letter. There is a lot we can learn from this letter but few things can be improved as mentioned above. Work Cited Purdue University. Business Wring Engli

Soldier Boy Essay Example for Free

Soldier Boy Essay Soldier Boy is a book about a young boy named Jim Martin, and how it was his dream to join the army and fight with the Australian troupes. However, Jim Martin was no ordinary soldier to join the military; he was the youngest at 14 years of age. The topic, which I am doing my essay on, is Solider Boy is a tragedy. This book shows why war is a tragedy, and what war does to families, and how adults and authorities make war seem more glorious. The book highlights how it was young boys dying during the war not older men. First Paragraph Solider boy is a tragedy because it shows what war does to families and how death and injury effects families and tears them apart. These soldiers were never advised about the dangers of war. They were never advised of the drastic effects to their near and dear ones. Most of the time families were not strong enough to handle the stress and pain of seeing their loved ones going to war. Anthony Hill also informs the reader of Soldier Boys whose parents kept their grief and pain that the loss of a child causes them on the inside, in order to keep their families together. A quote on pg 8 shows that this is what Amelia did for her family. Amelia is the brick if the family in this time of desperation, and helps her family come to terms with Jim’s death. Second Paragraph Something that was quite sad in Solider Boy was that schools, adults and authorities made war seem more glorious than it actually was, and enticed young boys to join the army. Most adults made war seem like a sort of video game, you can play the game and nothing will happen to you. None of the adults explained to the young boys what it was like to see one of your team members die, or how to deal with their fellow soldiers rotting corpses in the trenches and how once you came to Gallipoli, if you did not like it there was no turning back. A quote on page 8 shows what the law thought was fit for young boys. Third Paragraph One of the main reasons of why Solider Boy is a tragedy is because it was young boys that were dying, and not older men. Young boys that had a whole future ahead of them, but had there life cut off because a bullet shot them, or they died of an illness. Jim Martin could have grown up and had a family, but instead his life was cut short because he died of typhoid. If it were, older men that were dying it would still be sad but not a tragedy, because they would have finished what they wanted to do and achieve in life. While some of the young, boys may not have even had a girlfriend. The quote on page 35 shows how young Jim Martin was. Conclusion In conclusion, I think that what war did to people and how adults handled it was quite sad, because it was teaching young people to fight and how violence and conflict is not the answer. Young Solider Boys should not have had to go through that, because all that it brought was grief, pain, suffering and stress. Solider boy is a tragic story that I hope will never be repeated again.

Urinary Incontinence and Social Isolation

Urinary Incontinence and Social Isolation Beverly Phelps Abstract Urinary incontinence is loss of bladder control, that one in every 25 million Americans deal with on a daily basis, and it can mean anything from a slight leak to complete inability to maintain control. (Chris Lliades, 2009) Discuss the social concerns associated with incontinence. What nursing interventions would be appropriate to assist a patient who is experiencing social isolation as a result of incontinence? Include community resources, as appropriate. Many women, at one stage of life or another, experience that annoying leakage of urine when their bladder is too full, and/or when laughing, running, jumping, or sneezing. For some it occurs after childbirth when all of those muscles down in the pelvic region are stretched out and recovering. For others, it occurs later in life with the change of hormones and loss of estrogen. There are three most common types of incontinence. Stress incontinence occurs when you put stress or pressure on your bladder with coughing, sneezing, or running. Urge incontinence happens when you have the immediate urge to urinate and can’t seem to hold it. Mixed is a combination of both. Urine is specifically kept in the bladder until you are ready to use the bathroom, however if the detrusor muscle and urethra aren’t behaving like they should, you leak. Improved My Health Changed My Life Saved My Life Research â€Å"suggests that 30 to 40 percent of women 60 years and older deal with incontin ence.† Risk factors include: pregnancy, multiple births, menopause, obesity, diabetes, certain autoimmune conditions, prolapse, abdominal surgery, diuretics, anxiety, and nerve damage to the mid-low back, bladder infections, overactive bladder, inability to urinate regularly when needed, and stimulants such as coffee/soda/chocolate. Evaluation by your health care provider, or a specialist called an Urogynecologic, often involves a full intake surrounding the situations in which you are incontinent, your history, medications, and pregnancy history. A vaginal physical exam is important to assess for proper anatomy and then testing may be needed such as a hormone testing, urinalysis (to look for infection), a bladder stress test, an ultrasound of your kidneys/bladder/ureters, or cystoscopy (a scope inside your bladder). Treatment depends on what they find. It may be something like pelvic floor physical therapy where you learn how to do a proper Kegel exercise and recruit all of y our muscles, not just the strong ones. It may require bladder retraining, hormone evaluation, weight loss coaching, or surgery in some cases (Jones, 2011) Psycho-Social Issues of Adult Incontinence Incontinence is not a disease but symptom of an underlying problems. Urinary incontinence is viewed as a hidden condition that is secreted by many and often feared due to loss of independence and quality of life. Often underreported Incontinence is associated with a social stigma. The stigma tends to be negative rather than positive. Many individuals are embarrassed to talk about the problem In North America incontinence is the major reason for nursing home placement. -Approximately 45-70% of residents in nursing home have incontinence. Urinary incontinence affects 15-30% in the community setting and affects up to 50% in long-term care. Only 25% of the population will discuss this problem with a provider. 60% of this individuals will avoid physical activity One study cited 2-64% had sexual dysfunction, and 28% will not seek treatment (Sue Reif, 2012) Easing the Emotional Effects of Urinary Incontinence Loss of bladder control can leave an individual constantly worried about embarrassing accidents. Managing urinary incontinence symptoms can help boost your confidence. (3) Urinary incontinence can have a major impact on your personal, social, and professional lives, especially when a loss of bladder control results in an embarrassing accident. â€Å"There can be significant social issues with urinary incontinence,† says Roger Dmochowski, MD, professor of urology at Vanderbilt University in Nashville, Tenn. â€Å"There’s fear of embarrassment and hygiene issues, and there can be withdrawal from normal social behavior. Some people can’t work because of this disruption. â€Å"Urinary incontinence emotional effects Doctors point out that the emotional effects of urinary incontinence can be as significant and far-reaching as those of any chronic condition. â€Å"Urinary incontinence has been shown to have a severe impact on quality of life, similar to other chronic diseases, such as Alzheimers disease, stroke, and emphysema,† says Leslie Rickey, MD, an urologist at the University of Maryland Medical Center in Baltimore. However, there are ways to manage urinary incontinence and boost confidence so that you can enjoy social activities again without worrying about embarrassing accidents. Urinary Incontinence: The Emotional Effects Worrying about loss of bladder control and embarrassing accidents causes many people with urinary incontinence to stop participating in everyday activities. â€Å"Many individuals, especially older people with urge incontinence, stop exercising or going out with friends and stay at home,† says Dr. Rickey. â€Å"Younger women may stop jogging, and women may stop gardening because squatting can be a problem. People stop traveling and swimming, and even start avoiding intercourse. â€Å"For many people with incontinence, engaging in certain activities involves a couple of obstacles. First, it’s a lo gistical challenge to manage the symptoms of urinary incontinence when you’re on the go, away from bathrooms, or doing an activity that puts pressure on your bladder. â€Å"Say it’s an older person who relies on a bus or a van and has no other way to get places,† says Rickey. For these people, not being able to get off the bus and to a bathroom can be a problem. Then there are the emotional concerns. The loss of bladder control can cause stress, anxiety, and embarrassment. (Sue Reif, 2012) Ways to Boost Confidence You can boost confidence about your condition by finding effective ways to manage the symptoms. â€Å"Techniques like timed voiding, not drinking too much fluid at once, doing pelvic floor muscle contractions — these can all help,† says Rickey. â€Å"You can also carry around a change of clothes and wear light pads. â€Å"Getting symptoms under control can help you carry on with your life with confidence. â€Å"Some individuals may have dramatic improvements and can re-embark on many activities,† says Dr. Dmochowski. These tips can help you manage the fears and anxieties of urinary incontinence: Don’t accept incontinence as inevitable. Many people think that urinary incontinence is a normal part of aging or childbearing, so they dont bother getting treatment for it. However, even though urinary incontinence is common, it is not normal, says Rickey. Don’t view your urinary incontinence as unchangeable. â€Å"There’s almost an acceptance of the condition, a fatal resignation,† says Dmochowski. â€Å"Instead of acceptance, consider aggressive management flip the negativity and create a positive-looking approach.† Changing your way of thinking will do even more than boost confidence, says Dmochowski. It will also help you better manage your urinary incontinence symptoms. Talk openly about your urinary incontinence with your doctor. Some people may simply feel too embarrassed about their loss of bladder control to discuss it with their doctor. It might be because they incorrectly believe that it can’t be treated. â€Å"People think that nothing can be done, or it can only be treated with intensive surgery,† says Rickey. â€Å"I reassure people that there are treatments.† It’s important to talk about your symptoms, especially with your health care provider. Don’t give up. Managing the loss of bladder control and learning how to handle embarrassing accidents is an ongoing proc ess. Urinary incontinence is a chronic condition not something that is cured after a few days of medication but there are many options available to you. â€Å"If one thing doesn’t work, keep trying different approaches,† advises Dmochowski. â€Å"We are continually finding new treatments, new types of drugs. 1.†Seek support. Talk about your urinary incontinence with your family and friends both to get support and to know you are not alone. Since an estimated 30 percent of women report an incidence of urine leakage at some point, it’s likely that someone you know has also experienced the problem, says Rickey. â€Å"It may not be what you talk about at the dinner table with the kids, but you must feel comfortable talking about it. 2.†Get the facts. â€Å"Go online and look up how common it is,† says Rickey. 3. â€Å"Do a little research.† Sites such as the American Urogynecologic Society’s Mypelvichealth.org are reliable sources of information. â€Å"You can gain confidence and get motivation to seek out help,† says Rickey. 4. â€Å"Don’t be embarrassed. â€Å"View your urinary incontinence as what it is, a chronic medical condition.† â€Å"It’s not something to be embarrassed about, any more than someone who has high blood pressure would be embarrassed,† Rickey says. No longer a taboo topic, urinary incontinence can and should be discussed openly, at least with your doctor, so that you can find the medical treatments that will help you better manage the condition and its emotional effects. (Lee, 2010) Bibliography Chris Lliades, M. (2009, August 31). Urinary Incontinence Resources. Retrieved from everyday health: http://www.everydayhealth.com/urinary-incontinence/incontinence-resources.aspx Jones, D. C. (2011, June 03). Experiencing Incontinence? Retrieved from Empow Her: http://www.empowher.com/urinary-incontinence/content/experiencing-incontinence Lee, K. (2010, August 03). Easing the Emotional Effects of Urinary Incontinence. Retrieved from http://www.everydayhealth.com/health-report/urinary-incontinence/emotional-effects-of-urinary-incontinence.aspx Sue Reif, M. C. (2012). Psycho-Social Issues of Adult Incontinence. Retrieved from Center for Connected Care: http://my.clevelandclinic.org/ccf/media/files/Digestive_Disease/woc-spring-symposium-2013/psycho-social-issues-related-to-incontinence.pdf

The Relevancy of the Heartland :: essays research papers fc

The Relevancy of the Heartland - Hinterland Distinction in Canada's Economic Geography Until the early 20th century, Canada was primarily an agricultural nation. Since then it has become one of the most highly industrialized countries in the world as a direct result of the development of the ‘heartland'. To a large extent the manufacturing industries present in the heartland are supplied with raw materials produced by the agricultural, mining, forestry, and fishing sectors of the Canadian economy, a region known as the ‘hinterland'. The ‘ heartland-hinterland' concept in Canada describes patterns of economic power, namely, where economic power and control resides within the nation. Thus, the heartland-hinterland concept distinguishes raw-material and staple-producing hinterlands from the capital service industrial heartland and reveals the metropolis or dominating city of the system. At a national scale, the Canadian metropolis is Toronto, and the region with the most influence is the Great Lakes-St. Lawrence Lowlands. But while immense influence radiates outward from the metropolis located in the heartland, the relationship between hinterland and heartland is one of intimate mutual dependency. In modern Canadian economics, neither region can exist without each other, and the well-being of one directly affects the other. These two regions show remarkable contrasts, yet they are to a large extent interdependent on each other, clearly suggesting that the heartland-hinterland distinction is quite relevant in terms of Canada's economic geography. Upon discussing the importance of the heartland-hinterland in Canada, it is necessary to discuss what each term refers to. According to McCann the heartland is an area "†¦ which possesses favourable physical qualities and grant food accessibility to markets; they display a diversified profile of secondary, tertiary, and quaternary industries; they are characterized by a highly urbanized and concentrated population which participates in a well-integrated urban system; they are well advanced along the development path and possess the capacity for innovative change." Literally, hinterland means ‘the land behind', the area from which a heartland draws its raw materials and which, in turn, serves as a market for the heartland's manufactured goods. The demographic and economic characteristics of Canada's heartland are that it contains over 50% of the nation's population and 70% of its manufacturing industries in only 14% of the nation's area. Canada's heartland is southern Ontario and Quebec stretching from Quebec City to Windsor. This heartland, occupying the Great Lakes-St. Lawrence Lowlands, coincides with several favourable physical characteristics such as fertile Class 1 and 2 soils in addition to humid continental climate for optimal agricultural conditions. However, the "hinterland regions display harsher or more limiting physical characteristics. The Cordillera, Interior Plains, Canadian Shield, and Appalachian regions yield tremendous resource wealth, but their soils,

Genetically Modifying Crops Essay

Summary: What are the advantages and disadvantages of genetically modifying food crops? Can developing countries or countries struggling with famine profit from these techniques?Does it affect the surrounding environment? These are all questions that have kept scientist biologist and ethicists busy. Religious groups would also like to have there say in it. Can genetic engineering help society, or will it be a burden for our future generations, because it has disastrous effects on our environment. Approximately 10,000 years ago the first crops were consciously planted. In the Middle East, wheat and barley were planted, the early farmers in Peru cultivated potatoes and beans and in the Indus valley the ancient civilization there started sowing their fields with rice. How they figured this out we don’t know it was probably a long process of trial and error and a fair bit of luck. This early agriculture consisted out of four stages: sowing the seeds, caring for the plants, harvesting, selecting and keeping back some of the seeds for the next generation. Although these people that had settled down to farm had improved their life styles considerably, they still wanted a higher crop yield and a bigger variety of crops. This lead to certain techniques. Some that they understood like crop rotation, but others that have only been recently been explained by modern DNA research. These early farmers unconsciously crossed for example certain types of walnuts together, so that they w ere not poisonous anymore. Wild walnuts contain cyanide and the concentration in wild walnuts is enough to kill a human. These early farmers also tried to get bigger seeds and fruits of their crops and make them more resistant to diseases. Of course they booked some progress, but not a lot. Nowadays scientists are still trying to genetically modify crops using new techniques which involves cutting and pasting the DNA with enzymes. So is it only good that, because of the work of these scientists we will have stronger and healthier crops or are there also disadvantages to genetically modifying crops?One of the obvious arguments against genetically modifying crops comes from religious groups. They think that experimenting with DNA and genes is messing with the natural order. They believe that â€Å"God† created everything and meant it to be created that  way. These religious groups can not prove that â€Å"God† meant it to be like this, so it is not valid evidence. Never the less they still make a point. If you genetically modify a crop in Area A these crops will of course also pollinate. When they pollinate there seeds will be carried by animals and the wind to the areas lying around them, Areas B, C, D and E. So if the grass in Area A was genetically modified than the seeds may carry and affect the grass in Areas B, C, and D and E which have normal natural grown grass. This of course could affect the ecological system that was in place in Areas B, C and D and E. There are certain genetically modified crops that yield infertile seeds, but these have not yet been approved and been given free. An advantage of genetically modifying crops is obviously that farmers, who are in most countries struggling financially, can get a higher crop yield. Not only by making crops resistant for certain diseases or pests, but also by making them resistant to the herbicides which are used to kill the weeds. The first reason stated has already been used. The European corn borer used to destroy about 7% of the annual yield of corn on the world. Since they added the gene that produces the Bt protein, which causes the corn borers to die of hunger, the annual yield in the USA has risen 5-10% in all areas. More interesting though is if scientists could make the crops resistant to herbicides. This would especially be financially attractive for farmers, since they don’t have to hire in people to do the weeding and they don’t have to pay all kinds of environmental taxes. The farmers sometimes have to pay these taxes, especially in Western countries, because of the biodegradability of t hese herbicides. Biodegradability, which I mentioned in the last paragraph, is one of the most important arguments of the group for using the special herbicides and modifying crops. They believe that the herbicides that are used now affect the ecosystem in a disastrous way. The term biodegradability means how good the environment is able to digest the herbicides. Some herbicides that are used now also affect the animals in the area. This is bad for the ecosystem, because the natural balance will be affected. So if through genetic engineering they can modify the crops so that they are resistant to these herbicides this might contribute to raising the biodegradability in the  ecosystem. This is because the products they use to make these specific herbicides are general better for the environment. Also farmers can use less herbicide if the crops are resistant to them. They can spray a rough coat of their fields without having to worry that it will also hit their crops. For the consumers it would also be a good move, because of the higher crop yield the food prices would go down. The water supplies would also benefit, because there would be less toxic groundwater, which is caused by the herbicides seeping into the soil, pumped into them. Biologists are very worried about the loss of bio diversity, because of the genetic engineering of foods. Also medicine developers are worried that certain types of crops will be lost, because scientists are changing the genes of these crops. Medicine developers would like to keep and preserve as many different types of crops, because in the future they might be able to make medicine out of them. They would like to do this through using the genes of plants that are resistant to a disease and putting it in a human virus cell. By injecting these cells into humans these humans would become immune to it. So in principle the medicine developers are not against genetically modifying products but they would not like to lose any plants that might be of value for them in the future. Biologists are less interested in the healing qualities of these plants, but purely in the bio diversity. They would like to retain as much different species and types of plants to keep the natural order in balance. What, however, is more important is that if crops are genetically modified the original crops can not cross pollinate with other species of the same plant. This might lead to just one type of from example corn crop. This in the future could become a big problem, because if the climate changes the crop will not be able to cross pollinate with another crop and thus not adapt to the changing climate. This is a big issue, because with the global warming getting worse each year a climate change in the future could be disastrous. Biologist and ecologists have though started creating vaults in which all different types of plants are being preserved to maintain the bio diversity. An advantage of genetically modifying crops is that people in developing countries can get a higher crop yield and maybe even have two harvests per  year. With this advantage though comes a big advantage. The companies that develop the techniques and sell them are all Western companies and there are only a few. So if African countries want to get these genetically crops they have to pay these companies. This will give these companies indirect access to the food supplies of Africa and other developing countries. If the companies also consider the poor companies in the way they handle genetically modifying these crops and selling them would contribute to making the world a better place. It is, however, more likely that they might unconsciously handle in favour of their own companies and profit. Another important issue is if crops that have been genetically modified should be labelled or not. Most people prefer to know what has been done to the food they’re eating. It is the same with organic eggs. People would like to know if the chickens that laid the eggs are having or had a good life. Most people are not against the fact that the crop is modified, they would just like to know it. There are many advantages, but also many disadvantages with genetically modified crops. There are ethical ones which come from religious groups. They believe you should not mess with â€Å"God’s† creations. A disadvantage is that genetically modified crops can cross pollinate with other normal crops in the areas around them. An advantage is that farmers and especially farmers in poor countries can get a higher crop yield and maybe have more than one harvest a year. A disadvantage though is that the companies that modify the crops could handle unfairly and would have control over their food supply. There might also be a loss of bio diversity. I think that genetically modifying crops is a good idea. It does have to be controlled properly though. There should only be certain areas where it should be allowed and foods that are made with it should be labelled. I also believe that the companies that produce these modifications should share the technology with other less rich companies to prevent a monopoly. Plants could also hold many products that could produce medicines in the future. So overall I think that crops should and can be genetically modified, but there should be strict regulations and the bio diversity should be preserved. Sources: Department of Agriculture, South AfricaISAAAhttp://www.geocities.com/gm_crops/http://en.wikipedia.org/wiki/Genetically_modified_crops#Genetic_modification_of_plantshttp://www.newscientist.com/channel/life/gm-foodGuns, Germs and Steel by Jared DiamondANW course bookhttp://www.fao.org/ag/magazine/0111sp.htmhttp://www.ornl.gov/sci/techresources/Human_Genome/elsi/gmfood.shtml

Globalization Between Rich and Poor Countries

Globalisation may be the concept of the 1990s, a key by which we understand the transition of human society in to the third millennium. My essay will be focusing on the economic side of it. I will be explaining the MNCs effect on the poor countries in respect to the rich countries ( of course intending developed countries and less developed countries), in order to do so I will first need to introduce the concept of economic development. We will find that the impact of MNCs on LDCs can be under many aspects crucial to the development of the latter, even though it is important to bare in mind the positive contribution MNCs can bring in to LDCs. However in order to cover all the points of this wide topic, it would have been necessary to look at not only the economic side that there is to it , but as well political, social and cultural sides, which are here only briefly referred to. The main concern of theorists of imperialism has been to explain why rich ( or capitalist ) states behave the way they do toward poor states. With the birth of dozens of new states in the years after the Second World War, interest was sparked on the other side of the imperialistic coin, so to speak. From the point of view of this new states, understanding why states behave imperialistically is only part of the problem. The other part focuses on the question of how best to deal with richer, larger states to achieve economic well-being and political independence. Answers to this questions, so far at least, have been much more numerous than examples of success in attaining these goals. The experience of Third World countries in the four decades since the Second World War has demolished one theory after the other concerning the most effective ways to speed development. In the 1950's, the United States dominated the world economically, and Americans likewise tended to dominate the discussion about economic development in academic circles as well as in international forums. Even Americans, of course, had a variety of ideas about how the emerging new countries could best achieve economic growth, but a few basic themes and assumptions were widely shared. One implicit assumption was that England, the United States and other industrialised Western countries served as historical model that the new countries should try to emulate in their efforts to develop politically and economically. This emulation meant, in the orthodox view, that the new countries should adopt free enterprise systems based individual initiative and democratic political systems. In general, development theories in the 1950s stressed the importance of internal changes in the new states as the crucial steps toward economic development. On the other point of view, the dependency theorists, do not deny that internal changes are necessary, but from their point of view, orthodox analysts seriously underestimate the extent to which the problems of Third World countries are caused by factors external to those countries and the impact of the international economic and political environment on them. â€Å"It fiddles its accounts. It avoids or evades its taxes. It rings its intra-company transfer prices. It is run by foreigners from decision centres thousands of miles away. It imports foreign labour practices. It doesn't import foreign labour practices. It overpays. It underpays. It competes unfairly with local firms. It is in cahoots with local firms. It exports jobs from rich countries. It is an instrument of rich countries' imperialism. The technologies it brings to the third world are old-fashioned. No, they are to modern. It meddles. It bribes. Nobody can control it. It wrecks balances of payments. It overturns economic policies. It plays off governments against each other to get the biggest investment incentives. Won't it come and invest? Let it bloody come home. (The Economist, January 21, 1976, p. 68) It of course refers to Multinational Corporations. One reason why developing countries turned to bank loans in the late 1970's involved their suspicion about foreign investments by multinational corporations (MNCs). MNCs provoke some of this suspicion because they so large. In fact, many of them, by some measures , are larger economic units then developing countries. As can be seen in Appendix 1, if we compare the GNPs of countries with the gross annual sale of MNC's, several of the largest economic units in the world are not states, but corporations. In these terms, General Motors is bigger than Argentina, and Exxon is larger than Algeria or Turkey. Another reason that MNCs in developing countries provoke suspicion is that comparisons of inflows and outflows of capital associated with their activities shows, years after year and place after place, that MNCs take more money out of developing countries then they put in to them. In addition, critics of MNCs point out that these companies do not bring much money in to developing countries in the first place. Instead, they borrow from local sources or reinvest profits that they have earned in foreign countries. â€Å"Over the 1966-1976 period, 4 percent of all net new invested funds of U. S. transnational corporations in the less developed countries where reinvested earnings, 50 percent were funds acquired locally, and only 1 percent funds newly transfered from the United States† (emphasis added). Defenders of MNCs concede that inflows from investments by corporations in developing countries are typically smaller than outflows of repatriated profits. But such comparisons are irrelevant or misleading. The fact that corporations took more money out of Country X in 1998 that they put into that country in that same year does not prove that Country X is being â€Å"decapitalised†, because what comes out from Country X in the form of repatriated profits in that year is not a function of funds going into the country during that time. Rather the profits of 1998 are the result of corporate investments in several preceding years. Such comparison also ignore the facts that once capital is invested in a country (even if it is borrowed from banks within that country), it forms the basis of a stock of capital, which can grow and produce more with each passing year. In other words, once a factory is set up, some of the profits every year will be sent to the MNC's home country, and it is quite possible that no money will be brought in. But part of the rest of the profits, year after year, will be paid in taxes, and the remainder will be used to expand production, hire new people, and pay more each year in salaries and wages. This argument certainly does not end the controversies surrounding MNCs. They also are blamed for balance-of-trade problems, for using inappropriate capital-intensive technology (in countries where labour is in surplus supply), and for encouraging the rich to indulge in conspicuous consumption of luxury products instead of investing in the productive capacity of their countries, while at the same time persuading the poor to drink Coca-Cola instead of milk. Perhaps the strongest argument that can be made in defence of MNCs point out that in the long run, they are destined to get caught in dilemmas from which there is no obvious escape. Take, for example, the focus by critics on the enormous profits that they repatriate. If MNCs respond to this criticism by bkeeping that money in the host countries and reinvesting it there, they are unlikely to boost their own popularity. Continuous reinvestment will eventually become very threatening in the host country as MNCs expand and take over larger shares of domestic markets. If MNCs avoid capital-intensive technology and turn to more labour intensive production techniques, critics complain that they are using poor countries as dumping ground for obsolete technology. In general, the longer a MNC stays in a developing country, the more reasons there will be for it to become unpopular. When they first arrive, they create jobs and face the risk of failure. But after they have become established, the risks are minimal, and they seem to be sitting there raking in enormous profits. If the MNC hires many local people for important positions of responsibility, this is likely to speed the day when the nationals feel they can run the subsidiary on their own, without the help of the MNC. If the MNC keeps citizens of the host country out of management positions, that may lead even more quickly to antagonism on the part of the host country, whose citizens will argue that MNC's employment policies are designed to keep them in a position of permanent subordination and dependence. That subsidiaries of MNCs in developing countries will become unpopular seems all but inevitable, but that unpopularity is not necessarily deserved. They may serve for engines of development even if they provoke antagonism and opposition. Many researchers have tried to determine the overall impact of MNCs in developing economies by statistically analysing the relationship between foreign investments and economic performance . Some have found that foreign investments in Third World countries retards economic growth; additional analyses reveal correlations between foreign investments and inequalities in the distribution of wealth. But the weight of contrary evidence is such that conclusions regarding these controversies must be even more than normally tentative . Albert Szymansky concludes that much of the empirical work reporting deleterious effects of foreign investment â€Å"in reality†¦ demonstrates nothing more than how easy it is to produce just about any conceivable results with multivariate computer analysis- if one is willing to throw in enough control variables and utilise enough different sets of countries† . Although this comment may be insensitive to many complex problems that can make simple, seemingly more straightforward analyses even more misleading, it does voice what seems to be an increasingly common opinion about the impact of MNC investment in developing countries: the nature of the impact depends on how the government of a given country deals with it. (And how is dealt with is not inevitably determined by the presence of the investment. ) In other words, MNC investments can have bad effects, but dealt with effectively, they also can bring substantial benefits. As Robert Gilpin concludes, MNCs are â€Å"neither as positive nor as negative in their impact on development as liberals or their critics suggests. Foreign direct investment can help or hinder, but the major determinants of economic development lie within LDCs (less-developed countries) themselves† . However, dependency theorists would disagree. Their basic argument is that foreign investment, or any other economic contact that poor countries have with the world's economic system, particularly with the rich, capitalist, industrialised countries, has almost uniformly disastrous effects on the economic and political fortunes of those countries.

How to Use the French Preposition Entre

How to Use the French Preposition Entre The French preposition entre means between, both literally and figuratively, or among and is used in many expressions.  Learn how to say briefly, tipsy, at dusk, and more with some  of the expressions  below using entre. Be careful not to confuse the preposition  entre  with the verb  entrer,  which means to enter; the two words  are unrelated.   Common Uses of Entre   Ã‚  Ã‚  Mettez une espace entre ces mots.Put a space between these words.   Ã‚  Ã‚  Cela devrait à ªtre entre parenthà ¨ses.That should be in parentheses.   Ã‚  entre deux portesbriefly   Ã‚  Ã‚  entre chien et loupat twilight/dusk   Ã‚  Ã‚  Entre toi et moi..., Entre nous...Between you and me..., Between us...   Ã‚  Le livre est entre ses mains.The book is in his hands.   Ã‚  Ã‚  Entre le 2 et le 5 mai...Between 2nd and 5th of May...   Ã‚  La và ©rità © est entre les deux. (saying)The truth is somewhere in between.   Ã‚  sentendre entre euxto have a mutual understanding/agreement   Ã‚  Ãƒ ªtre entre deux vinsto be tipsy When Entre  means among   Ã‚  Ãƒ ªtre entre nousto be among friends, between us  Ã‚  Ã‚     Ã‚  Jai trouvà © une jolie bague entre le bricbrac.I found a pretty ring among the bric-a-brac.   Ã‚  Ã‚  Mes à ©tudiants, entre autres, vont...My students, among others, are going...   Ã‚  Ã‚  Beaucoup dentre vous...Many among you...   Ã‚  Les loups ne se mangent pas entre eux.There is honor among thieves.

How Are the Experts Using LinkedIn - Guest Post by Helen Denney-Stone

How Are the Experts Using LinkedIn - Guest Post by Helen Denney-Stone I was honored to discover an article on LinkedIn Publisher that gave me extensive mention and props for my presentation at the LinkedIn Success Summit. I requested that the author, Helen Denney, allow me to publish a revised version of the article on my blog, and she graciously agreed! Enjoy the updated article below! ⊕⊕⊕⊕⊕ When Liam Austin chose the speakers for his LinkedIn Success Summit, he invited Brenda Bernstein and 34 other top speakers to share their winning strategies and tips on how to use the LinkedIn platform. Together, these invited experts condensed decades of experience and success into a wealth of video sessions. If you haven’t yet been able to generate a positive Return on Investment (ROI) using the LinkedIn platform, you most definitely will after hearing these stories and strategies. The following are my takeaways from 3 of the experts, all who have one major thread in common: they are all women experts on LinkedIn! They give advice on how to stand out on LinkedIn, and even how to build a basic LinkedIn profile, in case you’re just starting out! Brenda Bernstein #1 Amazon best-selling author of How to Write a Killer LinkedIn Profile. Brenda is a highly qualified and award winning writer. Founder of the Essay Expert, LinkedIn expert and Speaker. Brenda believes that you can profit from your personality when writing your LinkedIn profile. The key points below are her strategies on how to do this in an authentic and memorable way. Don’t be afraid to share your values, vision, beliefs and personality prominently in your profile. Do this effectively and you will stand out from your competitors. Get a branded head shot that has some oomph! Try choosing 3 words that describe your personality, and share them with your photographer. Then choose your head shot based on which one best captures those 3 words. Don’t lose sight of keywords as you share your personality! Prioritize keywords in your headline if you want to be found in searches. Write your Summary to show your personality and the personality of your business. Figure out what makes you and/or your business stand out- and if you want to be personable, write in the 1st person (I/me).Brenda suggests that to get material for your LinkedIn Profile, you can write down 3 peak moments in your life/business. Next pull out any common threads. You will learn a lot about what you have to offer and what makes you tick. You can also ask people you know what they see as your strengths. Write down what they say and weave it into your profile. If they like it then others probably will too! Finally, determine what you want people to take away from reading your profile. What action do you want them to take next? Read your profile Summary now that you’ve included more of yourself in it. If you were a member of your target audience, would you take the action you want your readers to take? Publish on LinkedIn and show your personality and credibility in your articles. Make sure to respond when people comment on your posts. Be active in LinkedIn Groups and don’t be afraid to show your humour, intelligence and personality. When someone sends you a friend invitation, respond and give them something free first- something you feel will be of value to them. Brendas Quotes: â€Å"Almost no one likes writing about themselves. But almost everyone likes seeing themselves expressed authentically on paper.† â€Å"Top mistake on LinkedIn: Thinking all you need is a KILLER LinkedIn profile.† ⊕⊕⊕⊕⊕ Donna Serdula Donna, the Founder of Vision Board Media, is a LinkedIn Profile Optimisation Expert speaker and author. Donna explained your profile is NOT your resume. Your resume is your professional past; it is what you have already done. Your LinkedIn profile is your online reputation- who you are and why connections should pay attention to you. It is your digital representation of your future. Make your profile compelling, exciting and authentic. It is, after all, people’s first impression of you. It should make people want to know more. Donna’s 3 Keys to Maximising your LinkedIn Profile: Before you start on your profile, answer this question: What is the goal of my LinkedIn profile? Only after you know your goal can you can write strategically, keeping that goal in the forefront of your mind. Always talk about what your target audience wants to hear. Speak to them directly, as if they are across the table from you! Headline Think what people would be typing into the search bar on LinkedIn to find you. Optimise your profile for these keywords so you show up in search results. How can you stand out when someone is scrolling through the search results? The first part they will see is your name, your profile picture, and your headline (which by default is your current job title and your company). So make sure your profile image is professionally done, and that your headline is optimised with keywords, is compelling and showcases a benefit statement. Summary Your Summary, which is 2000 characters maximum, should demonstrate who you are, that you understand your readers’ problems, and that you can help them.Your summary should be in 1st person narrative and written conversationally. Highlight some successes, demonstrating how you can help your audience.Be succinct and answer what your customers/clients want to know. If possible, include a link and offer for them to take the next step. Include a clear call to action at the end, as well as your phone number and email so people can contact you easily. Keywords Research your keywords. Then make sure that these keywords are in your heading, summary, experiences and interests. Place the keywords anywhere that is reasonable. Your profile must read naturally and authentically. Never, never stuff your profile with keywords; but take the time to place them everywhere that is plausible. Donna’s Quotes: â€Å"Recognize your target audience and don’t say what you want to say, rather think what your target audience wants to hear.† â€Å"Step back, think about your goal, think about your audience.† ⊕⊕⊕⊕⊕ Karen Yankovich Founder of Linked Up Success, Karen is a LinkedIn expert and speaker. When someone puts your name in a Google search and sees your LinkedIn profile right at the top, this is statistically what they will look at first. This is a brilliant opportunity through your profile to instantly communicate who you are, your personal brand. Use your profile to get them to feel comfortable doing business with you. Karen shares her 5 tips that you need to pay attention to when completing your profile. Be certain to complete these 5 areas and use them effectively. Headline Your headline should be strong and customer/client centric. In other words, just stating that you are CEO is not enough! Your headline is searchable by Google and shows up prominently in Google Search. Be bold, own what you do, and be confident when painting that picture for others to see! Summary Firstly, actually fill this out! Break your summary into easily consumable sections with bullet points. Write it in the 1st person, use all 2000 characters you are allowed, and include keywords. Experience This section builds on who you are and what you have accomplished to be where you are today. Think about all your past experience, not just your previous jobs. Position yourself as influential and the expert you are. Call to Action Remember to put in a call to action not in a salesy way, but something like, â€Å"Reach out if you want a complimentary training†; â€Å"Listen to my podcast†; or â€Å"Download my free report† Make your profile stand out by taking advantage of all the ways LinkedIn provides to customize your profile. Boost your business with 3 further strategies from Karen: Build up your recommendation and be active; actually ask for recommendations. Show up! Be active in groups, post regularly, share, and comment on influencers. Sort your connections by recency, then send a personal note to the most recent. When they respond, take the opportunity to offer help. Karen’s Quotes: â€Å"Start with a strong personal brand to grow your business on LinkedIn.† â€Å"#1 Mistake on LinkedIn: Don’t be pushy, be mindful.† ⊕⊕⊕⊕⊕ Did you pick up the major common thread? It’s your profile! Your LinkedIn Profile is like a 5-minute fast dating session where you get to say who you are, what you do and how you can help. It is your audience’s first impression- make it great, make it authentic, and make it you! The LinkedIn Success Summit was full of many wonderful interviews and the above is a summary of just 3 of the 35 presenters. You’ll find even more great tips by clicking here. Would you like to read more from Helen about LinkedIn experts and influencers (and save yourself the time of listening to all the presentations at the Summit)? Then please click here to read Part 1 of Helen’s Summit Summaries! Helen Denney-Stone is CEO and co-founder of Nudge Marketing, a firm that provides affordable, results-based marketing training for small businesses. She is a published author and artist and loves all things, mindful and marketing†¦ oh! and high heels, boxer dogs and the smell of freshly cut grass. Read the original version of this article here.

Empirical Action Research on Behavior Management Systems Article

Empirical Action Research on Behavior Management Systems - Article Example It was noted that there are specific collaboration characteristics which work in a positive or negative manner while the behaviors changed not only with basic management but also in terms of the relationship to collaboration with others working with the management components. The method which was used was associated with the various theories and practice which were in the workspace. Disciplinary perspectives were used and combined with case studies, projects and theoretical reviews that were associated with collaboration. The study, while using various perspectives from theories, did not have practical applications used from various corporations. When looking at the dynamics of various cultures, a noted difference would be made with the practice of behavioral management. The weakness of this article was based on not having the correct approach to the methodology while drawing conclusions based on other references and perspectives. The second article associated behavior management with newer components which were a part of the functions within the corporation, specifically with the uses of technology. This was based on how technology was able to create a direct association to the corporation while changing the behavioral responses of employees. The ideology was furthered with the question of how technology changed the dynamics with managers and the associations which each had to the work area. In this study, it was found that there was a link to the behavioral management and the uses of technology. The behavior altered according to the reliance on technology, belief of what the tools should do and the pro-active responses by managers. The behavior of managers had a direct change when there were more technology pieces which were used, as opposed to having more interactions within the work space. The relevance was

Supply Change Management Essay Example | Topics and Well Written Essays - 750 words - 1

Supply Change Management - Essay Example At the heart of supply chain is information; such that its efficiency and effectiveness depends on a company’s ability to create, process, and communicate information from both ends of the chain ensuring that the right things get to the right places, at the right time.2 However, information can often be distorted, with fluctuations increasing as the supply chain moves from customers, ordering products and services, to manufacturers and suppliers of raw materials, compromising a company’s ability to manage information.3 In this respect, the Internet, as an enabling technology with the ability to automate the supply chain, integrate business activities, supply real-time data, and reduce costs presents a powerful resource to improve SCM. One of the biggest challenges companies are facing insofar as SCM initiatives are concerned is streamlining the supply chain to reduce cycle time without having to maintain high inventory levels. On one hand, these goals can often be conflicting such it will be difficult to provide on-time delivery of products without maintaining high inventory levels; while on the other hand, such operations can be difficult to maintain given high holding costs, warehouse and production-line storage costs, and insurance costs among others.4 In order to resolve this, companies have traditionally resorted to forecasting customer demand and matching inventory levels to these forecasts, as much as possible. However, given the uncertainties and fluctuations in the supply chain, this can often lead to inefficient operations and customer dissatisfaction. In this respect, Internet-enabled SCM strategies, by automating the supply chain and linking the supply chain activities presents an effective and effici ent way to reduce cycle times, reduce inventory levels, and reduce costs. Looking at the example of Dell, and its Command and Control Model, one can illustrate how an

Personal Perspective of Managing Change Essay Example | Topics and Well Written Essays - 1250 words

Personal Perspective of Managing Change - Essay Example The other challenge is in the environment that holds numerous alterations to provide the necessary comfort. Without an organized plan and schedule to predict these changes, the management of the organization may suffer the fate of failing to develop their mission and generate the needed development. However, with the desire to develop positive progress and create the virtues that help the subordinates create success, the management may articulate the positive measures to relay their information to complete the set goals. The social relationships within the society may also be extended to the relations within the work place to accord the tough challenge of discerning diversity. The norm presented is a constantly changing environment and the stable mission and objective of the organization. The challenge is also extended in presenting the needed steps that would oversee these missions and objectives delivered in the right proportion. Changes within the organization are diverse and affe cted by numerous environmental presentations. The organization holds individuals that bear distinguished beliefs and experiences. The diversity is also presented in the mode of completing tasks and the relation to external subjections. The skilled group of qualified personnel that are invited to engage in the task completion determines the composition of the organization. The changes witnessed in the organizational setting are affected by the nature of the result that is possessed in the procedure. The norms held by the individuals are considered to affect the witnessed changes in the organization. The set up within the organization are determined by the values established and the principles held in the members. When the change to be created affects the values and beliefs of the members, the results may be damaging to the organization and inhibit progress. The set principles and guidelines established are extended to be projected in future organizational setting that defines the org anization. The ideology to preset the necessary implements to maintain the scope of change within the organizational setting promotes development. Once the organization identifies the possibility of experiencing changes within the organization, the reaction needs to be placed on the adequate managerial style that has the capability to maintain the performance level. The changes experienced in the organizational setting may affect the results presented in task completion. The results are varied with the consideration issued in predicting the cause of the changes. They may be from the organizational structure or the accumulated experiences from the members that constitute the organization. Management of these changes has been realized to contribute to the positive outcome needed to provide a positive direction to mission completion. The majority of the attempts to manage the witnessed changes present tasking procedures that may not be productive. The solution presented is the study of the change management procedure that issued the right directive in arranging values that hold the needed key for progress. The images of change management are the key factor applied by the manager to offer a positive platform that abets successful outcomes. The manager needs to

Narrative and Numbers Essay Example | Topics and Well Written Essays - 4750 words

Narrative and Numbers - Essay Example Gabriel (2000), however, aims to make a distinction between narratives and stories. He emphatically argues that "not all narratives are stories", further stressing that "factual or objective accounts of events that aspire at objectivity rather than emotional effect must not be treated as stories." (p. 5) In the context of organizational dynamics, Gabriel's definition of storytelling singles out "workplace folklores" that provide entertainment value, requiring interpretative plot and coherence. He alludes to these stories as metaphorical windows into an organization's character, culture, and politics. His framework focuses on narratives with a temporal (time) element, a spatial setting (place), a cast of characters, a plot involving conflict and resolution, and most importantly, a certain continuity. Gabriel sees organizational stories as those that use literary narrative devices and motors to move a story forward. By molding the shape of the story and developing its structure, these devices basically manipulate the response of the reader or audience to the story. Because Gabriel believes that stories should be concerned with evoking emotional response rather than meaning, he asserts that organizational stories also focus on using narrative devices to elicit a particular response. Some of the examples used in organizational stories are: twists where the plot takes an unexpected turn; dialogue for stronger characterization; suspense or building the story to a point where the succeeding events are unknown and anticipated; effective description of tension or an atmosphere where conflicting ideas are created; and withholding key information to maximize suspense and tension. Using the voice of a narrator - which ranges from first to third voice - is also an effective tool. Other narr ative motors and devices include: time transitions (such as flashbacks or foreshadowing); a diary or journal format; and even an epistolary format, or a story written in the form of a personal letter. Similarly, Gabriel believes that tropes also play an important role in dynamic organizational storytelling. A trope is a rhetorical figure of speech that consists of a play in words, expanding a conceptual framework through figurative language. The use of tropes (such as metaphor, metonymy, synecdoche, irony) in stories enables the storyteller to create impressions, organize experience, and create memories. Viewed in this perspective, Gabriel's definition of "stories" excludes opinions, proto-stories, and reports. Gabriel insists that these snippets of pseudo-stories are actually non-stories because of their fragmented natures2 - that is, they do not employ the elements and devices of "stories" and are not dynamic enough to elicit a response. In contrast, Boje (2001) believes that these fragments are essential as sense-making mechanisms within organizations. Therefore, organizational narratives are not "stories", but "antenarratives".(p. 1) Boje's etymology of "antenarrative" has a dichotomous implication. First, "ante" is a story before a narrative; i.e., a "pre-narrative". A narrative is something that adds coherence to the storyline; whereas an antenarrative is a story told before the narrative. "An antenarrative is

Final Exam Essay Example | Topics and Well Written Essays - 1000 words

Final Exam - Essay Example From the ‘means to expand’ side or expansionism it was argued by Jared Diamond (1997) that some of the major factors that helped Europeans dominate other nations was simply Guns, Germs and Steel. At the time of colonial expansion European technological expertise had given them a significant advantage in firepower. An example of this would be at the Battle of Rorke's Drift during the Anglo Zulu war in which A few hundred British soldiers were able to repel an attacking force of several thousand Zulu Warriors largely because the British had an advantage in firepower (Heavy caliber rifles). It could also be argued that because of prolonged fighting amongst neighboring European powers had given them a sort of ‘Veterans’ advantage, insofar as many colonial armies had actively been engaged in combat for many years and the commanding officers had several hundred years of battle texts to draw examples from. A second contributing factor according to Jared Diamond wou ld be the advantage of germs. Although it is the case that several tropical diseases exist in these continents Europeans had been living in dense, overcrowded, over-polluted populations for many generations that they had developed a better tolerance to serious diseases such as smallpox. When European colonists came into contact with indigenous populations in many places, local populations were often nearly wiped out because of the introduction of infectious disease. A final factor that gave Europeans an advantage in the colonization of new lands was an advantage in infrastructure and supply chains. Because Europeans had better supply chains they were better equipped for long standoffs with indigenous populations, by having preserved food, better access to ammunition, easier access to luxuries which in turn helps morale. It was even argued by Diamond (1997) agricultural techniques that produced more food per acre for the colonial powers (Through the use of draft animals, irrigation s ystems, and domesticated crops) allowed the nations to provide food for larger armies than the armies they hoped to defeat. With all of this in mind it could also be argued that the Europeans had desires of expansionism in order to gain an advantage over their European contemporaries or to further their own wealth. Some of the most important colonies were often established because of access to natural resources (Such as the Belgian colony in the Congo being exploited for its rubber, or the Dutch East Indies being exploited for its spices). These sorts of economic factors would play a huge role in motivating European nations to expand outward. The second main issue that this paper will address is what the legacy of imperialism in our contemporary world is?’ It could be argued that there are really only three perspectives that could be left by imperialism in the contemporary world which is that the legacy is positive, negative or somewhere in-between. From a positive perspectiv e of positive influence according to the Whittington writing for the BBC (2005) it was argued that one lasting legacy was strong infrastructure. Because European powers were looking to export significant resources

Final project Essay Example | Topics and Well Written Essays - 1750 words

Final project - Essay Example Globalization requires varied expansion strategies like diversification, bifurcation, mergers, acquisition etc to gain competitive advantage over its competitors. The study will highlight the various factors that affect globalization and its effect on global economy. Factors like how globalization serves purposeful at organizational, reorganizational and integration of financial markets. The integration occurs at varied levels especially at industrial and financial markets. The author of the study will also highlight the various important components of globalization that binds the companies together for a unified purpose. The techniques of research methodology and the findings and analysis of the research methodology would be also included in the study. Finally, the study will conclude with recommendation that can improve the current situation that affects globalization. Background & Rationale for choosing the topic Globalization not only affects and benefits the national economy but also has positive effects on the regional development of the economy. Apart from economic integration free trade conditions (Wagner, 2002). Globalization compels the business organization to adapt to changing market dynamics based on ideological trends that help in the balance of the professional and personal goals of the employees of the organization. Various other factors like unemployment, parallel economic growth, cutting of costs, etc will be considered an important aspect of globalization are some of the major factors which have been considered while choosing the topic. Modernization and growing economy is also a significant contributor to development of the organization. The principal cause of the effects of globalization is that it helps in the modernization and growth of the economy, which is instrumental for understanding its impact on the business activities. This is one of the basic and rationale for choosing the topic for the author of the study, which helps in underst anding the effects and outcome of the globalization. Apart from the above mentioned components factors like deregulation also helps in liberalization of the capital account and also integration of wide range of financial services. Section 2 Literature Review Effects of Globalization Globalization has been regarded as a crucial component from the economic, monetary, socio economic aspects and implications of globalization (Rosnan, Ismail and Daud, 2010). In economics, globalization has played an important role for the development of the economy and has changed the scenario of the world economy. Different types of industries have benefitted importantly from globalization especially the creative industries, which have earned an estimated amount of $60 billion annually over the past few years. The increasing globalization has also impacted the creative, film, car manufacturing and pharmaceutical industries to a large extent for expanding on a larger scale. The globalization of the film industry has made it significant contributor to the world economy. Apart from strategy aspects monetary and exchange policy also helps in emphasis of the maintenance of the economic contention like trade off, credibility, increase in uncertainty etc. This also helps in increased competition among the organizational members. Globalization helps in shaping the social policy and the policy making procedure for the welfare of the organizati

Narrative and Numbers Essay Example | Topics and Well Written Essays - 4750 words

Narrative and Numbers - Essay Example Gabriel (2000), however, aims to make a distinction between narratives and stories. He emphatically argues that "not all narratives are stories", further stressing that "factual or objective accounts of events that aspire at objectivity rather than emotional effect must not be treated as stories." (p. 5) In the context of organizational dynamics, Gabriel's definition of storytelling singles out "workplace folklores" that provide entertainment value, requiring interpretative plot and coherence. He alludes to these stories as metaphorical windows into an organization's character, culture, and politics. His framework focuses on narratives with a temporal (time) element, a spatial setting (place), a cast of characters, a plot involving conflict and resolution, and most importantly, a certain continuity. Gabriel sees organizational stories as those that use literary narrative devices and motors to move a story forward. By molding the shape of the story and developing its structure, these devices basically manipulate the response of the reader or audience to the story. Because Gabriel believes that stories should be concerned with evoking emotional response rather than meaning, he asserts that organizational stories also focus on using narrative devices to elicit a particular response. Some of the examples used in organizational stories are: twists where the plot takes an unexpected turn; dialogue for stronger characterization; suspense or building the story to a point where the succeeding events are unknown and anticipated; effective description of tension or an atmosphere where conflicting ideas are created; and withholding key information to maximize suspense and tension. Using the voice of a narrator - which ranges from first to third voice - is also an effective tool. Other narr ative motors and devices include: time transitions (such as flashbacks or foreshadowing); a diary or journal format; and even an epistolary format, or a story written in the form of a personal letter. Similarly, Gabriel believes that tropes also play an important role in dynamic organizational storytelling. A trope is a rhetorical figure of speech that consists of a play in words, expanding a conceptual framework through figurative language. The use of tropes (such as metaphor, metonymy, synecdoche, irony) in stories enables the storyteller to create impressions, organize experience, and create memories. Viewed in this perspective, Gabriel's definition of "stories" excludes opinions, proto-stories, and reports. Gabriel insists that these snippets of pseudo-stories are actually non-stories because of their fragmented natures2 - that is, they do not employ the elements and devices of "stories" and are not dynamic enough to elicit a response. In contrast, Boje (2001) believes that these fragments are essential as sense-making mechanisms within organizations. Therefore, organizational narratives are not "stories", but "antenarratives".(p. 1) Boje's etymology of "antenarrative" has a dichotomous implication. First, "ante" is a story before a narrative; i.e., a "pre-narrative". A narrative is something that adds coherence to the storyline; whereas an antenarrative is a story told before the narrative. "An antenarrative is

Final project Essay Example | Topics and Well Written Essays - 1750 words

Final project - Essay Example Globalization requires varied expansion strategies like diversification, bifurcation, mergers, acquisition etc to gain competitive advantage over its competitors. The study will highlight the various factors that affect globalization and its effect on global economy. Factors like how globalization serves purposeful at organizational, reorganizational and integration of financial markets. The integration occurs at varied levels especially at industrial and financial markets. The author of the study will also highlight the various important components of globalization that binds the companies together for a unified purpose. The techniques of research methodology and the findings and analysis of the research methodology would be also included in the study. Finally, the study will conclude with recommendation that can improve the current situation that affects globalization. Background & Rationale for choosing the topic Globalization not only affects and benefits the national economy but also has positive effects on the regional development of the economy. Apart from economic integration free trade conditions (Wagner, 2002). Globalization compels the business organization to adapt to changing market dynamics based on ideological trends that help in the balance of the professional and personal goals of the employees of the organization. Various other factors like unemployment, parallel economic growth, cutting of costs, etc will be considered an important aspect of globalization are some of the major factors which have been considered while choosing the topic. Modernization and growing economy is also a significant contributor to development of the organization. The principal cause of the effects of globalization is that it helps in the modernization and growth of the economy, which is instrumental for understanding its impact on the business activities. This is one of the basic and rationale for choosing the topic for the author of the study, which helps in underst anding the effects and outcome of the globalization. Apart from the above mentioned components factors like deregulation also helps in liberalization of the capital account and also integration of wide range of financial services. Section 2 Literature Review Effects of Globalization Globalization has been regarded as a crucial component from the economic, monetary, socio economic aspects and implications of globalization (Rosnan, Ismail and Daud, 2010). In economics, globalization has played an important role for the development of the economy and has changed the scenario of the world economy. Different types of industries have benefitted importantly from globalization especially the creative industries, which have earned an estimated amount of $60 billion annually over the past few years. The increasing globalization has also impacted the creative, film, car manufacturing and pharmaceutical industries to a large extent for expanding on a larger scale. The globalization of the film industry has made it significant contributor to the world economy. Apart from strategy aspects monetary and exchange policy also helps in emphasis of the maintenance of the economic contention like trade off, credibility, increase in uncertainty etc. This also helps in increased competition among the organizational members. Globalization helps in shaping the social policy and the policy making procedure for the welfare of the organizati

Balanced Scorecard Essay Example for Free

Balanced Scorecard Essay Rivalry amongst competing firms – Apple is in the unique situation that it has its own proprietary operating system and only used by Apple. So although the competition is fierce for customers, it is a different type of battle for Apple than for others such as Samsung, Google or Microsoft. Apple does face stiff competition but it is in the battle for use-case preference. The Android or Windows OS is different than the Apple iOS and consumers make a choice as to which road they are going to go down. Apple is competing for winning this important thought process and decision-making process. They are not competing on hardware alone because Apple alone produces their products with their OS. The competition will continue for easily the foreseeable future, 10 years and beyond, as the world becomes more digitized. Force: Moderate Potential Entry of New Competitors – The barriers to entry in this industry are steep. Cost of production is very high for new entrants until significant economies of scale are reached. Over the next 10 years there will be many new entrants into the industry though either brand new, or companies already in similar technology markets that will branch out into markets that compete with Apple. Again, that would be a competition for OS preference, not hardware per se. There is always the possibility of an entirely new and 4th, or more, operating systems being developed as technology advances. Moore’s Law tells us this is likely but difficult to ascertain from where it will come, whether it will be significantly better than any existing, and if it will gain wide user acceptance. Force: Weak to Moderate Potential Development of substitute products – Again, since Apple has its own exclusive OS, substitute products are only a threat as being other choices of entirely different OS’s from Microsoft or Android producers, or any other possible future OS development. But Apple does not have any substitute for its own products. Force: Weak Bargaining Power of Buyers – Apple users tend to stay Apple users. Their loyalty is strong and they love Apple products. Apple charges a premium for its products but the image and allure of Apple products and their perceived high quality keep unit sales strong. Although technology economies of scale have certainly been reached in Apple production, they have continued to keep their products priced higher that competing products. Buyer choice based on price alone should affect growth amongst some new customer segments, but will have little effect on the current loyal Apple user base. Unless their products begin to lose some of their luster and appeal and effectiveness, they should remain strong for the future. Force: Weak Bargaining Power of Suppliers – With Apple’s exclusive product line and OS and the relatively small number of products, they are not threatened by supplier power. Apple can easily find factories more than willing to be a part of the Apple supply chain. As their products gain more market share and production increases, Apple is in an ideal situation to manage their suppliers effectively.

The Boston Massacre

The Boston Massacre THE BOSTON MASSACRE: Its Cause and Impact in Society I. The Boston Massacre Crowds gathered. There was tension between the armed troops and the civilians. There was mocking and throwing of rocks and other elements towards the direction of the armed men. They feel provoked by the crowd and the tension rose. As members of the military, they had the responsibility to practice maximum tolerance. The tension escalated even more. A single gun shot was heard as more followed. A number of innocent people were killed; to some, they are murdered. This was a scenario that happened in 1970 in the Kent State University when a protest went violent in an encounter between the antiwar demonstrators and the National Guardsmen.[1] Over three centuries ago, Boston witnessed the same setting that turned out to be one of the most controversial shootings in American history. The Boston Massacre can be considered as one of the highlights of the American History. There are many speculations and documentations about the Boston Massacre. This would be further discussed in the paper. The Boston Massacre had happened in March 5, 1770. Based on the account of Mauricio Tellez, a number of soldiers had tried to help their comrade from the violent crowd which were throwing snowballs at the sentry. The squad released fire at the crowd, wounding three persons fatally and killing two people on the spot. Tellez had written that the first person to be killed was Crispus Attucks, an African American. In an account of Boston Massacre in Pamphlets and Propaganda article, the Boston Massacre was started by a barbers apprentice. The apprentice has complained about the late payment of the captains bill. A soldier had bashed his musket on the youths head. Because of this, apprentices had rushed around the town center and had spread the attack. From then on the crowd started growing wild. Captain Thomas Preston had arrived with seven of his grenadiers and started dispersing the crowd. According to the article, it was stated that a private had shouted the fire signal that had triggered the others to fire their ammunition to the crowd. The Constitutional Foundation had featured the Boston Massacre in their article. In the article, the mob that had shown during the Massacre was around 300 to 400 people. Crispus Attucks, the first person who died in the battle was reported as the one saying â€Å"Kill them! Kill them! Knock them over! It further noted, that Captain Preston was the one who instigated the soldiers to stop firing. After the incident, Governor Thomas Hutchinson made an agreement with the British army commander to remove the soldiers. Captain Preston and eight of the british soldiers were subjected for trial. The prosecuting attorney was Samuel Quincy and Patriot Robert Treat Paine. The Defense attorney was John Adams, Robert Auchmuty and Josiah Quincy. Prestons trial issue was if the Captain has given the order to its subordinates to fire their ammunitions to the crowd. The outcome was not guilty. However, from the soldiers trial for the innocence of murder, two privates were judged as guilty for firing their musket with malice. These are Private Montgomery and Private Killroy. Private Montgomery admitted to the fact that he was the one who shouted â€Å"Fire† that had triggered the band of soldiers to start firing at the crowd. II. Cause of Boston Massacre According to the Constitutional Rights Foundation article, customs collectors, conducted searches using writs of assistance. In the year 1768, the John Hancocks ship was searched, wine was seized and charges of smuggling were given. A crowd had attacked and this had caused the British Government to bring 700 British regulars marched towards Boston. British taxes had been shouldered by the citizen. This had further enraged the citizens of Boston to rebel against the British. The Sons of Liberty had been formed which had been led by Sam Adams, the cousin of John Adams, which had been formed to end the military occupation of the British Based on the references gathered, it can be seen that the cause of the outrage from the crowd is the fact that the people in Boston do not like the British Rule. As discussed in a powerpoint presentation by Longhearst, it had been explained that Boston was full of tension. Both of the sides gather insults, the British called the colonists, â€Å"Yankees† which is considered as an insult. On the other hand, the colonies called the British soldiers â€Å"Lobster† because of their red uniforms. The article of Pamphlets and Propaganda had shown that there had been seventeen months of friction between the British troops. From the Mass Moments article, since the Bostonians had been used to self-government, it had been hard for them to recognize the British Rule. Townspeople were forced to provide lodging for Boston Soldiers who had a reputation of being an immoral. Through the insults and frustration of the Bostonians, their anger had accumulated and this had become a hatred that had led to violence. The Boston Massacre is an event that had been caused by the hatred of the Bostonians to the British. III. Impact of Boston Massacre in Society The Boston Massacre had inspired artists such as Paul Revere and John Pufford. Mauricio Tellez had written in his article that Paul Revere had used his art to prove that the British are a bunch of people who are slayers and oppressors. The drawing is considered as a memento, that the freedom of America came by the price of blood and sweat of Bostonians. It had been further used to further anger the British and give awareness to the colonists about the nature of the oppressors. John Puffords work can be described as a proof of the Massacre in King Street. Unlike Paul Reveres, John Pufford had shown a bias of the British against black men. Based on the documentation, Crispus Attucks was the first person to fall in the attack. It had been speculated upon that the death of Crispus Attucks was caused because he is black. The meaning of the art further boils down to the fact that Crispus Attucks had been the first one to die because he is black. Pamphlets and Propaganda article had shown that the event had also become a money-making profit for published newspapers. The report from Boston which they had given a title of â€Å"A Short Narrative of the Horrid Massacre†, had sent copies to London and American Colonies. Although the copies were not for sale, when a reprint had arrived from London, the copies were sold as imported papers. London had blamed the Boston crowd for the violence. In the same day of the massacre, the Parliament had revoked all duties and taxes except the Tea Tax. When the Americans have heard about the incident, they had boycotted the British. Topped by the massacre and the revoking of duties and taxes, this had led to the Boston Tea Party in 1773. The Sons of Liberty had commissioned an annual public statement for the victims of the massacre from the year 1771 to 1782. After the event, the Sons of Liberty had made moves in prosecution and the organization had made sure that there is a fair trial against the British. This had shown that the justice system during that time is not biased against the colonists. As stated in the same article, nowadays, American considers the Boston Massacre as a political violence. There are two sides on the incident. Some thought that the soldiers are the victims and others thought of it as the men who were killed for Independence. Boston Massacre had been an event that had caused the American Revolution. IV. Conclusion As a conclusion, the Boston Massacre is an event that had took place after the American Revolution. This event had been caused by the frustration and anger of the Americans against the British. It had been used as a tool by the colonists to further raise the hatred of the colonists against the British which had led to the American Revolution. As can be seen from the discussion above, there are many reasons as to why the soldiers and mob had acted that way. Some of the soldiers may have acted because of their personal vendetta against the insults that they had received ever since they had arrived in Boston. The crowd may have been infuriated by the soldiers because the soldiers think of them as vile creatures and people not worthy of respect. Crispus Attucks can be considered as a hero by the other Americans and some may have thought that it was right for the soldiers to shot the fellow because he was the one who started attacking. This had caused dilemma against what society thought of the incident. The list could go on and on. The event is a proof of acts of violence because of independence and frustration of two races against each other. V. Bibliography Tellez, Mauricio. â€Å"The Boston Massacre† Web pages: African- American History Through the Arts http://cghs.dadeschools.net/african-american/precivil/boston.htm (Accessed September 13, 2007) Liberty Public School District. â€Å"Boston Massacre†. Web Pages: Microsoft Powerpoint 1.2 Boston Massacr: 1.2.pdf. http://www.liberty.k12.mo.us/~elanghorst/notes/1.2.pdf. (Accessed September 13, 2007) W.M. Keck Foundation. â€Å"John Adams and The Boston Massacre Trials†. Web Pages: Bills of Right in Action http://www.crf-usa.org/bria/bria16_1.html. (Accessed September 13, 2007) Massachussetts Foundation for the Humanities. â€Å"Five Die in Boston Massacre† Web Pages: Mass Moments. http://www.massmoments.org/moment.cfm?mid=71. (Accessed September 13, 2007) Zobel, Hiller B. The Boston Massacre. New York: Norton, 1970. [1] Carol Sue Humphrey, â€Å"The Case of the Boston Massacre (1770) A . . . melancholy Demonstration.† In The Press on Trial: Crimes and Trials as Media Events, ed. Chiasson, Lloyd Westport, 15-22. CT:Greenwood Press, 1997, 15.

American Pitt Bull Terrier Essay -- Animal Research

If you were told a story about a woman who was mauled so viciously by a dog that she had to undergo the world’s first face transplant. What breed would initially come to your mind? If you said a Pit Bull, you are among the majority, but you would be wrong. It was a Labrador retriever. Why do you think so many people would assume it was a Pit Bull? In the 1900s, the American Pit Bull Terrier was commonly portrayed on American war propaganda posters to represent the country's strength, determination, and dignity. The loyal and loving breed has been a companion to people such as Helen Keller, President Theodore Roosevelt, President Woodrow Wilson, Thomas Edison, and General George Patton. Today, the American Pit Bull Terrier is inaccurately identified as a violent, aggressive and an unpredictable breed of dog. What is the truth about the American Pit Bull Terrier? Are they truly the monsters described by Oklahoma State Representative Paul Wesselhoft as â€Å"gargoyle appearing a nimal with claws and fangs the size of a tigers† (Bellamy 10A) or are they simply misunderstood? How has this breed’s image gone from one extreme to the other over the past years? The American Pit Bull Terrier can be traced back to England in the 19th century where initially the breed was created to combine the gameness, speed, and agility of a Terrier with the strength and athleticism of a Bulldog (Bolhafner 39). According to Stahlkuppe, â€Å"gameness is the willingness of a dog to continue fighting, or hunting, or pulling a cart, or defending its owner, through great stress, intense pain, and even until death† (61). Stahlkuppe goes on to describe the Pit Bull’s gameness as â€Å"Awe inspiring† (61). Once in America the breed was initially utilized in bear and bull baiti... ...t is to be a loving family pet, household protector, competitor, or fighter. It is up to the owner to properly train and socialize their dog, show them what they want and the Pitt Bull will be sure to meet whatever demands we place in front of them. Works Cited â€Å"American Pit Bull Terrier† ukcdogs.com. Revised 1 Nov 2008: Web. 22 May 2012. Bellamy, Louise. â€Å"Pit bulls are loyal, loving dogs† The Oaklahoman 18 July. 2005: pg.10A. Print Bolhanfner, Stephen.â€Å" Meet the American Staffordshire/ pit bull terrier† St. Louis Post dispatch 7 May. 2005: pg 39. Print. Devlin, Mike. â€Å" Top 10 banned dog breeds† Listverse.com. 24 Aug 2011. Web. 23 May 2012. Dorsey, Jannie. â€Å" Pit bull earns top dog rank in bites† Tampa Tribune 28 July. 2009: pg 4. Print. Stahlkuppe, Joe. The American Pitt Bull Terrier Handbook. Hauppauge, New York: Barron’s, 2000. Print.

Living with a Disability Essay examples -- Personal Narrative, essay a

On many occasions teachers have asked, "Is the volume high enough for you?" while my class watches a television documentary. Many teachers in middle school imposed strict rules about where in the classroom I could sit. I've had coaches ask if I know sign language. And during my elementary years, the school insisted I meet with a learning specialist once a week to discuss my "feelings" about being hearing-impaired. All these restrictions were placed on me despite the fact that I was an above-average student and an aggressive athlete. Being hearing-impaired is something I have dealt with my entire life; by the time I was five years old, putting on hearing aids in the morning was just as normal as brushing my teeth. As a result of a supportive family and friends, I never believed that being hearing-impaired should limit my success in any way. During my 17 years, I have met many who are unfamiliar with hearing disabilities and deal with their ignorance by stereotyping me. In elementary school my principal told my parents I belonged in a school for the deaf. My classmates told me ...

Analysis of Different Banks Performance in Bangladesh by Using Published Financial Statements

07 August 2007 Md. Mahfuzur Rahman 2003-2-10-187 BBA East West University Dear Mahfuz: As the students of business administration are supposed to prepare a Report and submit that at the end of the semester, you are authorized to choose an interesting issue and construct a formal report on that. The issue should be the â€Å"Analysis of Basel Agreement and It’s influence on Bank’s of Bangladesh†. The report should include some key steps such as Executive summary, introduction, conclusion, sources of information and the analysis. The title should be a statement which will describe the report precisely. I will appreciate if you prepare the report according to the instruction given. Thanks Nikhil Chandra Shil Senior Lecturer & Assistant Proctor East West University 07 August, 2007 Nikhil Chandra Shil Senior Lecturer & Assistant Proctor Department of Business Administration 43 Mohakhali C/A Dhaka, Bangladesh Dear Sir: Here is the report on the â€Å"Analysis of Basel Agreement and It’s influence on Bank’s of Bangladesh†. As you will find that I have conducted an in-depth investigation and analysis of different type’s ratio and tried to analyze certain circumstances and displayed our results of analysis and findings in this report. I will really appreciate if you go through the report and express your feedback on that. Thanks Sincerely Md. Mahfuzur Rahman 2003-2-10-187 Acknowledgement The report is based on the performance analysis of different bank in Bangladesh. While any an all errors of fact, omission, and emphasis are solely our responsibility. I would remiss, if I did not acknowledge those who helped me to prepare this report. First of all I must humbly acknowledge the contribution of Nikhil Chandra Shil for the time and effort to help me. I have had the good fortunate of meeting him in personally and share his views and ideas. Next I must thank the University for offering us this project (BUS 498) course and our course instructor for his encouragement and cooperation. I believe it will help us in understanding and identifying different types of risk in the banking sector. Finally, I would like to acknowledge the contributions of my parents. Although they didn't write a single word of this report or any artworks, but their imprint can be found on everything I do. They support me, encourage e, and inspire me. They give my work – and my live -meaning. It is my Mother who provides me all the love and affection. | | |Chapter 1 |04-16 | |1. 1 Origin of the Report, Objective |06 | |1. 2 Methodology, Scope, Limitations |08 | |1. Executive Summary |09 | |1. 4 Introduction |11 | |1. 5 Banking Industry –Overview |12 | |1. 6 Credit Rating Status |16 | |Chapter 2 |17-22 | |2. Key Profitability Ratios In Banking |17 | |2. 2 Earning Per Share |18 | |2. 3 Liquidity Risk |20 | |2. 4 Credit Risk |20 | |2. 5 Capital Risk |21 | |3. Key Profitability Ratios In Banking |23 | |3. 2 Earning Per Share |24 | |3. 3 Liquidity Risk |26 | |3. 4 Credit Risk |26 | |3. 5 Capital Risk |27 | |4. Key Profitability Ratios In Banking |29 | |4. 2 Earning Per Share |30 | |4. 3 Liquidity Risk |32 | |4. 4 Credit Risk |33 | |4. 5 Capital Risk |34 | |5. 1 Key Profitability Ratios In Banking |35 | |5. Earning Per Share |36 | |5. 3 Liquidity Risk |38 | |5. 4 Credit Risk |38 | |5. 5 Capital Risk |39 | |6. Key Profitability Ratios In Banking |41 | |6. 2 Earning Per Share |42 | |6. 3 Liquidity Risk |44 | |6. 4 Credit Risk |45 | |6. Capital Risk |45 | |Chapter 7: City Bank |47-52 | |7. 1 Key Profitability Ratios In Banking |47 | |7. 2 Earning Per Share |48 | |7. 3 Liquidity Risk |50 | |7. Credit Risk |51 | |7. 5 Capital Risk |51 | |Chapter 8: Uttara Bank |53-58 | |8. 1 Key Profitability Ratios In Banking |53 | |8. 2 Earning Per Share |54 | |8. Liquidity Risk |55 | |8. 4 Credit Risk |56 | |8. 5 Capital Risk |57 | |Chapter 9: Prime Bank |59-64 | |9. 1 Key Profitability Ratios In Banking |59 | |9. 2 Earning Per Share |60 | |9. Liquidity Risk |62 | |9. 4 Credit Risk |63 | |9. 5 Capital Risk |63 | |Chapter 10: Southeast Bank |65-70 | |10. 1 Key Profitability Ratios In Banking |65 | |10. Earning Per Share |66 | |10. 3 Liquidity Risk |68 | |10. 4 Credit Risk |68 | |10. 5 Capital Risk |67 | |Chapter 11: Conclusion |71-73 | |11. 1 Conclusion |71 | |11. Bibliography |73 | Chapter-1 Introduction ORIGIN OF THE REPORT This report has been prepared as a requirement for the completion of the BBA program of the Department of Business Administration, at East West University, Dhaka. OBJECTIVE The main objective of the report is to illuminate on the different ratio analysis of some major private bank in Bangladesh and its Comparative Analysis with other Banks prevailing in the market. I will also try to find out how the performance of the bank is improving over the years and how it is contributing to the growth of the banking sector. The following specific objectives can be identified: 1. To make a comparative study on nine major private bank in Bangladesh. 2. To suggest suitable measures to remove the existing problems (if any) & improve the present condition. DATA Data used in this project are derived from the published financial statements of nine banks operating in Bangladesh as of 31 December 2001, 31 to December 2005 from 48 banks operating in Bangladesh. There are some banks whose financial statements either are not available or contain some incomplete or missing accounts, or are contradictory hence they are deleted from observation. Banks are chosen by their status of operation. I have chosen some Liquidated Banks, some Problem Banks, and some Normal Banks for my research. INITIAL VARIABLES There are some basic financial performance and structural characteristics to evaluate a bank, namely profitability, efficiency or productivity, quality of assets, growth and aggressiveness, liquidity, size, capital adequacy, income diversification, and dependence on affiliates. There is, certainly, no single variable which could measure and represent each characteristic perfectly. There are, typically, several variables that proximate to a characteristic of interest. Based on literature review on banking and financial institutions and initial judgment, I chose the following variables to represent each characteristic as listed below. Earning and profitability: Return on Assets (ROA) = Net Income / Assets (NI/A) Return on Equity (ROE) = Net Income / Equity (NI/E) Return on Earning Assets (ROEA) = Net Income / Earning Assets (NI/EA) Return on Loans (ROL) = Interest Income / Loans (II/L) Interest Income / Earning Assets (II/EA) Net Interest Income / Earning Assets (NII/EA) Interest Margin (IM) = Return on Fund – Cost of Fund (IM) Productivity and Efficiency: Operating Expense / Operating Income (OE/OI) Profit Margin (PM) = Earning Before Taxes / Operating Income (EBT/OI) Sta. Expense / Assets (SE/A) Non-interest Expense / Assets (NonIE/A) Quality of Assets: Write-offs / Loans (W/L) Provision for Loan Losses / Loans (PLL/L) Provision for Loan Losses / Equity (PLL/E) Capital Adequacy: Equity / Assets (E/A) Equity / Earning Assets (E/EA) Equity / Loans (E/L) Growth and Aggressiveness: Loans Growth Rate (LGR) Loans-Market-Share Increment (LMSI) Deposit Growth Rate (DGR) Deposit-Market-Share Increment (DMSI) Equity Growth Rate (EGR) Loans to Deposit Ratio = Loans / Deposit (L/D) Credibility or Cost of Fund: Interest Expense / Deposit (IE/D) Interest Expense / Third Party Fund (IE/TPF) Size: ln (Assets) (lnA) Income and Sources of Fund Diversification: Non-interest Income / Operating Income (NonII/OI) Deposit / Third Party Fund (D/TPF) Liquidity: Liquid Assets / Deposit (LA/D) METHODOLOGY The study required information regarding the past & present condition of different Bank in Bangladesh. Necessary data and information were gathered, secondary data, and annual report. a) Sources of Data: The following sources had been used for the purpose the purpose of collecting data as required for this report: Primary sources: I) Observation, ii) Personal communication with course instructor Secondary Sources: I) Annual and other periodical reports of different Bank in Bangladesh ii) Various manuals (conditions of use guides) and brochures, iii) Service Rules & IV) Miscellaneous Publications. SCOPE The report is limited to the understanding of credit risk, capital risk, liquidity risk analysis, and find out the key profitability ratio, and a comparative interpretation to that analysis. It was really difficult for me to gather all the necessary information because the managers were not cooperative at all. As a result, we have chosen the following nine banks based on the availability of information we get. LIMITATIONS 1. As a student of business administration, analyzing of different sorts of risk and ratio is new for me so it took some time to understand. Besides three months time is inadequate to prepare such a robust report. 2. It was very difficult to get the actual information from the annual report; some of the information is not given the annual report. 3. Sufficient records, publications were not available. The constraints narrowed the scope of real analysis. 4. Most of the time I have faced the problem with the annual report which is prepared before 2000. 5. Accounting practice is different for the different bank. 6. Credit Worthiness: At present, we do not have any credit rating company in our country and information on the customer from the third party is also not always reliable. Therefore, we need to make our own scoring system. Since it will be a very difficult to prepare a standard scoring system to assess everybody’s credit worthiness so we shall also have top substantially depend on judgmental analysis to make decision on every individual cases. Every individual case shall be unique and separate from others. EXECUTIVE SUMMARY Bank |Profitability |Liquidity Risk |Credit Risk |Capital Risk | |Dhaka Bank |Average |Low |Low |Average | |NCC Bank |High |High |Low |Average | |National Bank |Average |Low |Average |High | |Al-Arafah Bank |Average |High |High |High | |Eastern Bank |High* |Low |Average |Low | |City Bank |High |Low |Average |Average | |Uttara Bank |High |High |Low |Average | |Prime Bank |High** |Average |Low |Low | |Southeast Bank |Average |High |Average |Average | TABLE: Summery of Risk Categor ies |Risk Type |Definition |Comment | |Country Risk |( The risk that a counter party is unable to meet its |( Country risk is often confused with sovereign risk, | | |foreign currency obligations as a result of adverse |which is the counter party credit risk of the government. | |economic conditions or actions taken by governments in | | | |the relevant country. |( Country Risk is also often referred to as transfer risk | | | |or cross border risk. | | | | | | | |( Country related events such as economic downturn, | | | |political changes; devaluation etc. ill often have | | | |significant impact on the other risks that SCB must | | | |manage. | |Credit Risk |( The risk that a counter party will not settle its |( Assessing this risk requires an understanding of the | | |obligations in accordance within agreed terms |customers ability and willingness to pay but also its | | | |understanding of the risks it faces and how well it | | | |manages them e. g. environmental risks | |Liqu idity Risk |( The isk that funds will not be available to meet |( Includes the management of cash flow under business as | | |liabilities as they fall due |usual and stress conditions together with setting of | | | |targets for balance sheet ratios. | |Market Risk |( The risk of loss generated by adverse changes in the |( Does not include the risk of price movements in other | | |price of assets or contracts currently held by the |markets e. g. stocks and shares, property, commodities. | | |company (this risk is also known as price risk). |Does include basis risk. |Capital Risk |( The risk that a bank capital might be undergone |( Equity Capital/Total Assets has been increased but | | | |Purchased Funds/Total Liabilities | |Business Risk |( The risk of failing to achieve business targets due |( Includes decisions on the markets we operate in, | | |to inappropriate strategies, inadequate resources or |products offered, and customers targeted and the terms and| | |changes in the econo mic or competitive environment |conditions of conducting business. | |Legal and Regulatory Risk |( The risk of non compliance with legal or regulatory |( Includes banking specific legislation and regulations | | |requirements. |but also all applicable laws. In extreme cases could lead | | | |to loss of banking license(s). | Source: Bank Management & Financial Services (6th Edition) Pages: 161, 162, 164, 328, 472. INTRODUCTION The overall objective of my project report is to clearly identify and briefly discuss about the performance analysis of different bank in Bangladesh. To nalyze the performance of different bank I have analyzed different ratio and provided some interpretation of them. I have taken a total nine bank to evaluate the performance of them. And try to make a comparison among all of the following. 1. Dhaka Bank Ltd 2. National  Credit Ltd. 3. National  Bank Ltd. 4. Al-Arafah Islami Bank Limited (Al-Arafah) 5. Eastern Bank  Ltd. 6. The City  Bank Ltd. 7. Uttara Bank 8. Prime Bank Ltd. 9. South East  Bank Ltd Customer satisfaction is one of the core objectives of different bank. Taking decision to provide credit facility to a corporate customer is not easy in this fast changing global environment especially in Bangladesh. To smooth the whole process the work is divided. So, before making a decision the every necessary information should be carefully analyzed by different departments and different people who have gained expertise in their related field. Thus it helps both in making correct decision and smoothen the process to satisfy the customer need quickly. A bank is an organization that engages in the business of banking. Banks perform three functions: 1. Provide the means of payment through administering the checking account system. 2. Intermediate between depositors and borrowers by offering savings and time deposit- to depositors and providing all types of loans to borrowers. 3. Provide a variety of financial services, encompassing fiduciary services, investment banking and off-balance sheet risk taking. Commercial banks are private profit seeking enterprises, balancing risk and return to their portfolio management with the goal of maximizing shareholder wealth. Share holders wealth depends on three factors: 1. The volume of cash flows resulting from portfolio decisions. 2. The timing of those cash flows 3. The risk and volatility of the cash flows. Commercial banks face six risks: 1. Credit or Default risk 2. Interest-rate risk 3. Liquidity risk 4. Operational risk 5. Capital. Risk 6. Fraud risk The Modern definition of a bank is, An institution that provides all financial services† (Source: SCB Handbook) and the core activity of a bank is to collect money from the people who has surplus with them and lend those money to people who has deficit, known as credit facility. Customers sought different kind of credit facility from banks and the banks try to provide as many as they can within their limited scope. Every bank follows a predefined structured procedure in providing credit facilities to their customers. BANKING INDUSTRY –OVERVIEW The banking industry in Bangladesh is more than 600 years old. The first commercial bank was ANZ Grindlays Bank which opened in1905. The central bank of the country, Bangladesh Bank controls and monitors the banking industry. At present there are 52 commercial (nationalized, foreign and local) banks. Currently, the major financial institutions under the banking system include: ? Bangladesh Bank ? Commercial Banks ? Islamic Banks ? Leasing Companies ? Finance Companies ? Merchant Banks Generally, the commercial banks and finance companies provide a myriad of banking products/services to cater to the needs of their customers. However, the Bangladeshi banking industry is characterized by the tight banking rules and regulation s set by the Bangladesh Bank. All banks and financial institutions are highly governed and controlled under the Banking Companies Act-1993. The range of banking products and financial services is also limited in scope. All local banks must maintain a 4% Cash Reserve Requirement (CRR), which is non-interest bearing and a 16% Secondary Liquidity Requirement (SLR). With the liberalization of markets, competition among the banking products and financial services seems to be growing more intense each day. In addition, the banking products offered in Bangladesh are fairly homogeneous in nature due to the tight regulations imposed by the central bank. Competing through differentiation is increasingly difficult and other banks quickly duplicate any innovative banking service. Bangladesh Bank Bangladesh Bank (BB) has been working as the central bank since the country's independence. Its prime jobs include issuing of currency, maintaining foreign exchange reserve and providing transaction facilities of all public monetary matters. BB is also responsible for planning the government's monetary policy and implementing it thereby. The BB has a governing body comprising of nine members with the Governor as its chief. Apart from the head office in Dhaka, it has nine more branches, of which two in Dhaka and one each in Chittagong, Rajshahi, Khulna, Bogra, Sylhet, Rangpur and Barisal. Nationalized Commercial Banks (NCBs) |1. Sunali Bank | |2. Rupali bank | |3. Janata Bank | |4. Agrani Bank | Private Commercial Banks (PCBs) |1. Pubali Bank | |2. Uttara Bank | |3. National Bank | |4. The City Bank Ltd. | |5. United  Commercial  Bank Ltd. | |6. Arab  Bangladesh Bank Ltd. | |7. IFIC Bank  Ltd. | |8. Eastern Bank Ltd. | |9. National Credit & Comerce Bank Ltd. | |10. Prime Bank Ltd. | |11. South East bank Ltd. | |12. Dhaka Bank Ltd | |13. Dutch-Bangla  Bank Ltd. | |14. Mercantile Bank Ltd. | |15. Standard  Bank Ltd. | |16. One Bank  Ltd. | |17. EXIM Bank | |18. Bangladesh  Commerce Bank Ltd. | |19. Mutual  Trust Bank  Ltd. | |20. First  Security Bank Ltd. | |21. The Premier  Bank Ltd. | |22. Bank Asia  Ltd. | |23. The Trust Bank Ltd. | |24. Brac Bank Ltd. | Islamic Banks |1. Islami Bank Bangladesh Limited (IBBL) | |Al Baraka Bank Bangladesh Limited (AL-Baraka) | |Al-Arafah Islamic Bank Ltd. (Al-Arafah) | |Social Investment Bank Limited (SIBL) | |Faysal Islamic Bank of Bahrain EC (FIBB) | |6. Shah Jalal Bank Limited (Based on Islamic Shariah) | Foreign / Multinational Banks |1. Habib Bank Ltd. | |2. State Bank Of India | |3. Credit  Agricole Indosuez (The Bank) | |4. National  Bank of Pakistan  Ã‚   | |5. Muslim  Commercial Bank Ltd. | |6. City Bank NA | |7. Hanvit Bank Ltd. | |8. HSBC Ltd. | |9. Shamil   Islami  Bank Of   Bahrain EC | |10. Standard Chartered   Bank | Development Banks |1. Bangladesh  Krishi Bank | |2. Rajshahi Krishi Unnayan  Bank | |3. Bangladesh  Shilpa Bank | |4. Bangladesh  Shilpa Rin  Sangstha   | |5. Bank of  Small Industries &  Commerce  Ã‚  Bangladesh Ltd. | Other Banks |1. Ansar VDP  Unnayan  Bank   | |2. Bangladesh  Samabai  Bank Ltd. BSBL)   | |3. Grameen  Bank   | |4. Karmasansthan  Bank   | Credit Rating Status of Researching Banks Operating in Bangladesh |SL. NO. |Name of Bank |Credit Rating Report |Rating as of |Name of the Agency |Remarks | | | |Long Term |Short Term | | | | |01. |Dhaka Bank Ltd |- |- |31. 12. 6 |CRAB |Expected to | | | | | | | |complete | | | | | | | |by May' 07 | |02. |NCC Bank Ltd |- |- |- |CRAB |Expected to | | | | | | | |complete | | | | | | | |by May ‘ 07 | |03. National Bank Ltd | A |ST-2 |31/12/06 |CRAB |- | |04. |Al-Arafah Islami |- |- |31. 12. 06 |CRISL |Expected to | | |Bank Ltd | | | | |complete | |05. |Eastern Bank Ltd |A |ST-3 |30/06/06 |CRISL |- | |06. |The City Bank Ltd |A- |ST-3 |31/12/06 |CRISL |- | |07. |Uttara Bank Ltd |- |- |31. 12. 6 |CRISL |Expected to | | | | | | | |complete | | | | | | | |by 30. 06. 07 | |08. |Prime Bank Ltd |AA |ST-2 |31/12/06 |CRISL | | |09. |South East Bank Ltd|A |ST-3 |22/06/06 |CRAB |CR report based on | | | | | | | |Dec'06, | Source: Bangladesh Bank (www. bangladesh-bank. org) Chapter-2 Dhaka Bank Limited Key Profitability Ratios in Banking | |   |2001 |2002 |2003 |2004 |2005 | |Return on Asset( ROA) |0. 015 |0. 012 |0. 013 |0. 013 |0. 014 | |Net interest Margin |0. 019 |0. 021 |0. 019 |0. 022 |0. 023 | |Net non-interest Margin |0. 024 |0. 030 |0. 022 |0. 020 |0. 019 | |Net Bank Operating Margin |0. 49 |0. 243 |0. 285 |0. 282 |0. 311 | [pic] Return on Equity: Return on equity capital is a measure of the rate of return flowing to the banks shareholder. It approximates the net benefit that the shareholders have received from investing their capital in the bank. During the period of 2001-2005 the average return on the equity was 0. 274 which means 27. 4%. But if we look at every individual year we can say that it has decreased year by year. The ratio was decreased because of the bank has increased the equity capital over the year and declared the bonus share as a dividend. Return on Assets: The Return on the asset is primarily indicator of managerial efficiency. It indicates how capably the management of the bank has been converting the institutions assets into net earning. From the above analysis we can see that during the period of 2001-2005 the average ratio was 1. 3%. Return on assets has increased over time. That means the bank was able to increase the efficiency in managing asset from 2001-2005. Net Interest Margin: The net interest margin measures how large a spread between interest revenues and interest costs. Management has been able to achieve of close control over the banks earning assets and the pursuits of the cheapest source of funding. The average net bank interest margin for Dhaka bank was 2. 1% during 2001-2005. By looking at the table we can say that it has increased period by period accept 2003, which indicates a good signal for the Bank. Net Non Interest Margin: The non-interest margin measures the amount of non interest revenue streaming from deposits charges and other service fees the bank has been able to collect relative to the amount of non interest cost incurred (including salaries and wages, repair and maintenance cost on bank facilities and loan loss expense). The net non interest margin was 2. 30% during the period of 2001-2005. It has decline over the periods accept 2001. The income from the non interest source, like Treasury bill, commission on brokerage, and commission from the letter of credit has been declined over the years. Earning Per Share: | |2001 |2002 |2003 |2004 |2005 | |Earning Per Share |41. 255 |42. 635 |39. 024 |46. 894 |53. 864 | [pic] Earning per share measures the earning against per share. During the period 2001-2005, the average earning per share was Tk 44. 73. Though it is not so attractive figure for Dhaka Bank, but positive fact is it has increased over times. Breaking Down OF ROE |2001 |2002 |2003 |2004 |2005 | |Banks degree of asset utilization |0. 043 |0. 050 |0. 045 |0. 045 |0. 045 | |The banks equity multiplier |29. 02 |21. 33 |17. 20 |18. 94 |14. 92 | Net Profit Margin: Net profit margin has fluctuated over time. But if we look at the average which was 29. 39% with the past five years, we can say that last five years net profit margin was better. Banks Degree of Assets Utilization: Banks Degree of Assets Utilization was 4 . 5% during 2001-2005 which was not bad as compare to other banks. Equity Multiplier: [pic] During the period of 2001-2005 the average equity multiplier was 20. 283. By the equity multiplier ratio we can say that it is highest in 2001 which was 09. 02%. that means the risk of the failure was also highest for that period. As the risk was higher, we can say that the banks profit margin also was higher for that period. Liquidity Risk |   |2001 |2002 |2003 |2004 |2005 | |Cash and Due from Banks/Total Assets |0. 152 |0. 122 |0. 093 |0. 071 |0. 079 | |Cash and Government Securities/Total Assets |0. 062 |0. 076 |0. 98 |0. 137 |0. 155 | [pic] Purchased Funds/Total Assets: If the use of purchased is more that increases the chance of liquidity crunch in the event of withdrawals rises or the loan quality declines. During 2001-2005, as the average ratio was 1. 44%, we can say that the liquidity risk for the bank is lower for the Bank. Cash and Government Securities/Total Assets: Cash and Government securities was 10. 54% of the total assets on an average which was not so much good fo r the Bank because cash and government securities are the most liquid assets for a bank. So bank may face liquidity problem in the future. Credit Risk    |2001 |2002 |2003 |2004 |2005 | |Total Loans/Total Deposits |0. 56 |0. 67 |0. 70 |0. 74 |0. 82 | [pic] Provision for Loan Losses/Total Loans: Provision for Loan Losses/Total Loans indicates the amount which should be kept as provision for loan losses from the total loan. During the period (2001-2005) the average amount of provision for the loan loses was 0. 6%. This indicates a very good signal for the bank. That means Bank’s credit risk is very low because the bank has been able to collect the loan very efficiently. Total Loans/Total Deposits Total Loans/Total Deposits indicates the total loan amount that goes from the total deposit. During (2001-2005), on an average 68. 86% of the total deposit distribute as loan. This indicates they have distributed a big portion of their deposited amount as loan. That is some what risky but as their provision for loan losses was very low they will have no problems with this. Capital Risk |   |2001 |2002 |2003 |2004 |2005 | |Purchased Funds/Total Liabilities |0. 016 |0. 011 |0. 012 |0. 012 |0. 025 | [pic] Equity Capital/Total Assets: Equity Capital/Total Assets indicates that the amount of equity capital invested in the total assets. During the period of 2001-2005 their equity capital was on an average 5. 20% of their total assets, which indicates they have financed very few of their investment by equity and it is gradually increased over the period. Purchased Funds/Total Liabilities: Purchased Funds/Total Liabilities indicates that the amount of non deposit liability in the total liability structure. If the purchased fund increases that means the capital risk are also increases. During the period of 2001-2005 1. 52% of the liability was financed by the purchased fund that means non deposit sources which is not the core area of the business. That means the capital risk for the bank is low for the Bank. Chapter-3 NCC Bank Limited Key Profitability Ratios In Banking | |   |2001 |2002 |2003 |2004 |2005 | |Return on Asset( ROA) |0. 014 |0. 011 |0. 044 |0. 013 |0. 013 | |Net interest Margin |0. 024 |0. 024 |0. 232 |0. 020 |0. 023 | |Net non-interest Margin |0. 028 |0. 027 |0. 195 |0. 032 |0. 346 | |Net Bank Operati ng Margin |0. 280 |0. 230 |0. 080 |0. 255 |0. 240 | [pic] Return on Equity: Return on equity capital is a measure of the rate of return flowing to the banks shareholder. It approximates the net benefit that the shareholders have received from investing their capital in the bank. During the period of 2001-2005 the average return on the equity was to 19. 6%. If we compare it to the Dhaka Bank we can say that it is not good. The ratio was low because the bank has increased the equity capital over the year and declared the bonus share as a dividend. Return on Assets: The Return on the asset is primarily indicator of managerial efficiency. It indicates how proficiently the management of the bank has been converting the institutions assets into net earning. From the above analysis we can see that for the period of 2001-2005 the average ratio was 1. 9%. which was some what better than Dhaka Bank. That means the bank was able to increase the efficiency in managing asset from 2001-2005. Net Interest Margin: The net interest margin measures how large a spread between interest revenues and interest costs. Management has been able to achieve of close control over the banks earning assets and the pursuits of the cheapest source of funding. The net bank interest margin for Dhaka bank was 2. 1% during the year of 2001-2005. But the net margin of NCC Bank was 6. 46%. that means the banks was able to increase the cheapest source of funding from 2001-2005. Net Non Interest Margin: The non-interest margin measures the amount of non interest revenue streaming from deposits charges and other service fees the bank has been able to collect relative to the amount of non interest cost incurred (including salaries and wages, repair and maintenance cost on bank facilities and loan loss expense). The average net non interest margin was 12. 5% during the period of 2001-2005. That means the bank was able to collect more income from the non interest source and it has increases over time. They have been able to generate more income from the non interest source like Treasury bill, commission on brokerage, and commission from the letter of credit. Earning Per Share: |2001 |2002 |2003 |2004 |2005 | |Earnings Per Share |54. 14 |44. 47 |30. 99 |46. 91 |36. 11 | [pic] Earning per share measures the earning against per share. During the period of 2001-2005, the average earning per share was Tk 42. 524. Their earning per share has reduced over time and if we compare with other bank we can say that it is not sufficient. Breaking Down of ROE |   |2001 |2002 |2003 |2004 |2005 | |Banks degree of asset utilization |0. 052 |0. 50 |0. 544 |0. 052 |0. 056 | |The banks equity multiplier |16. 91 |20. 33 |1. 92 |17. 46 |14. 04 | Net Profit Margin: During 2001-2005 the average the net bank operating margin was 21. 7%. If we look at the individual data it is not good because it has fluctuated over time. Banks Degree of Assets Utilization: They have earned 15. 08% operating revenue in 2001-2005 by using their total assets. Over the period it was consistent accept 2003. Equity Multiplier: [pic] During the period of 2001-2005, the average equity multiplier was 14. 32. By the equity multiplier ratio we can say that it is substantially higher, that means the risk of the failure is also high for the period. As the risk is higher so the banks profit margin is also higher. Liquidity risk |   |2001 |2002 |2003 |2004 |2005 | |Cash and Due from Banks/Total Assets |0. 158 |0. 067 |0. 499 |0. 042 |0. 052 | |Cash and Government Securities/Total Assets |0. 100 |0. 148 |0. 166 |0. 208 |0. 110 | [pic] Purchased Funds/Total Assets: If the use of purchased funds are more that increases the chance of liquidity crunch in the event of withdrawals rises or the loan quality declines. During the period of 2001-2005, as the average ratio was 1. 44%, we can say that the liquidity risk for the bank was low. Cash and Government Securities/Total Assets: Average Cash and Government Securities/Total Assets in 2001-2005 was 44. 48%. The total assets have come from the cash and government securities. Credit Risk |   |2001 |2002 |2003 |2004 |2005 | |Provision for Loan Losses/Total Loans |0. 02 |0. 02 |0. 2 |0. 02 |0. 02 | |Total Loans/Total Deposits |0. 84 |0. 82 |0. 81 |0. 89 |0. 96 | [pic] Provision for Loan Losses/Total Loans: Provision for Loan Losses/Total Loans indicates the amount which should be kept as provision for loan losses from the total loan. During the period of 2001-2005 the average amount of provision for the loan loss was 1. 9% of the total loans. As the provision for the loan loss was very low, we can say that the credit risk for the bank was lower for the Bank and the bank has been able to collect the loan more efficiently. Total Loans/Total Deposits: Total Loans/Total Deposits indicates the total loan amount that goes from the total deposit. If we look at the graph we will see that the Total loan/Total Deposits gradually has increased over time. That means the Bank has increased the loan as well as credit risk. But historical data say that their loan collection is pretty impressive. On an average they have distributed 86. 19% of their deposits as loan. Capital Risk | |2001 |2002 |2003 |2004 |2005 | |Purchased Funds/Total Liabilities |0. 037 |0. 048 |0. 057 |0. 048 |0. 818 | [pic] Equity Capital/Total Assets: Equity Capital/Total Assets indicates that the amount of equity capital invested in the total assets. During the period of 2001-2005, on an average 15. 17% total asset was financed by the equity. If we think about the risk of the Bank, it is high. Because a huge amount of money they have financed by debt equity. Purchased Funds/Total Liabilities: Purchased Funds/Total Liabilities indicates that the amount of non deposit liability in the total liability structure. If the purchased fund increases that means the capital risk are also increases. During the period of 2001-2005, 20. 16% of the liability was financed by the purchased fund that means non deposit sources which is not the core area of the business. Chapter-4 National Bank |Key Profitability Ratios In Banking | |   |2001 |2002 |2003 |2004 |2005 | |Return on Asset( ROA) |0. 006 |0. 003 |0. 002 |0. 004 |0. 005 | |Net interest Margin |0. 012 |0. 011 |0. 011 |0. 012 |0. 011 | |Net non-interest Margin |0. 025 |0. 026 |0. 27 |0. 029 |0. 031 | |Net Bank Operating Margin |0. 224 |0. 083 |0. 048 |0. 087 |0. 118 | [pic] Return on Equity: Return on equity capital is a measure of the rate of return flowing to the banks shareholder. It approximates the net benefit that the shareholders have received from investing their capital in the bank. During the period of 2001-2005 the average return on the equity was 10. 1%. The ratio was not attractive because of the bank has increased the equity capital over the year and declared the bonus share as a dividend. The Return on Assets: The Return on the asset is primarily indicator of managerial efficiency. It indicates how capably the management of the bank has been converting the institutions assets into net earning. From the above analysis we can say that during the period of 2001-2005 the average ratio 0. 4%. It is not so attractive. The bank was not able to increase the efficiency in managing asset from 2001 to 2005. The net interest Margin: The net interest margin measures how large a spread between interest revenues and interest costs. Management has been able to achieve of close control over the banks earning assets and the pursuits of the cheapest source of funding. The net bank interest margin for Dhaka bank was 12% during 2001-2005. But the average net interest margin for National bank was 1. 14%. That means the banks was able to increase the cheapest source of funding from 2001 to 2005 but that is not substantial for the bank. The Non-interest Margin: The non-interest margin measures the amount of non interest revenue streaming from deposits charges and other service fees the bank has been able to collect relative to the amount of non interest cost incurred (including salaries and wages, repair and maintenance cost on bank facilities and loan loss expense). The average net non interest margin was 2. 8% for 2001-2005. Though it has increased over period, they were not able to generate more income from the non interest source like Treasury bill, commission on brokerage, and commission from the letter of credit. The performance of the bank is stable over the years. Earning Per Share: | |2001 |2002 |2003 |2004 |2005 | |Earnings Per Share |63. 78 |33. 98 |33. 09 |27. 44 |43. 85 | [pic] Earning per share measures the earning against per share. During the period of 2001-2005, the average earning per share was Tk 40. 420. Their earning per share has reduced over time and if we compare with other bank we can say that it is not sufficient. In the cases of National Bank if we look after the key profitability ratio then we can say that return on equity capital(ROE), and non interest margin, Return on asset (ROA) Net Bank Operating Margin, and Earning per share, ratio has been decreased for the period of 2001-2005. But, only the net bank operating margin has been increased. Return on equity capital (ROE) has been decreases because the bank has increased the equity capital for the years and given the bonus share as a dividend so the amount of equity increases during the period of 2001-2005. The earning per share also has been decreased for the period of 2001-2005. Breaking Down of ROE    |2001 |2002 |2003 |2004 |2005 | |Banks degree of asset utilization |0. 025 |0. 038 |0. 038 |0. 041 |0. 042 | |The banks equity multiplier |30. 99 |28. 07 |28. 18 |25. 79 |20. 13 | The net bank operating Margin: During the period of 2001-2005 the average the net bank operating margin was 11. 18% of the total assets. It was not stable over the period which is not a good sign for the bank. Bank Degree of Assets Utilization: Bank’s degree of the asset utilization has been increased during the period of 2001-2005. So return of asset has been also decreased for the same period. Net profit margin has been decreased substantially because the ratio of the equity multiplier was higher. Equity Multiplier: During the period of 2001-2005 the average equity multiplier was 26. 63. By the equity multiplier ratio we can say that it has substantially reduced over time, which means the risk of the failure has gradually increased over time. [pic] Liquidity Risk |   |2001 |2002 |2003 |2004 |2005 | |Cash and Due from Banks/Total Assets |0. 043 |0. 053 |0. 054 |0. 054 |0. 55 | |Cash and Government Securities/Total Assets |0. 060 |0. 088 |0. 087 |0. 068 |0. 038 | [pic] Purchased Funds/Total Assets: Purchased Funds/Total Assets if the use of purchased more that increases the chance of liquidity crunch in the event of withdrawals rises or the loan quality declines. During the period of 2001-2005 the average ratio for the bank was 3. 12%. We can say that the liquidity risk for the bank was not very high also stab le by the year Cash and Government Securities/Total Assets: Cash and Government Securities/Total Assets in 2001-2005 was 6. 82% of the total assets which has come from the cash and government security. Banks/Total Assets and Cash and Government Securities/Total Assets are also remains almost same for over the period so the liquidity risk for the bank has been remains low and same for the period. Credit Risk: |   |2001 |2002 |2003 |2004 |2005 | |Total Loans/Total Deposits |0. 84 |0. 82 |0. 81 |0. 89 |0. 96 | [pic] Provision for Loan Losses/Total Loans: Provision for Loan Losses/Total Loans indicates the amount which should be kept as provision for loan losses from the total loan. During the period of 2001-2005 the average amount of provision for the loan loss was 2. 09%. That means only 2. 09% of the funds were in risk to be uncollected. As the provision for the loan losses was low, we can say that the credit risk for the bank was not very high for the recent period. Total Loans/Total Deposits: Total Loans/Total Deposits indicates the total loan amount that goes from the total deposit. During 2001-2005 on an average 81. 11% of the total deposit they have distributed as loan. This is a very big portion and indicating a great change of credit risk for the bank. Capital Risk: |   |2001 |2002 |2003 |2004 |2005 | |Purchased Funds/Total Liabilities |0. 617 |0. 042 |0. 033 |0. 037 |0. 591 | [pic] Equity Capital/Total Assets: Equity Capital/Total Assets indicates that the amount of equity capital invested in the total assets. During the period of 2001-2005 on an average 3. 83% of the total asset was financed by the equity. That is indicating a very bad signal for the bank. Because they mostly they have financed their investment by debt capital which was very risky. Purchased Funds/Total Liabilities: Purchased Funds/Total Liabilities indicates that the amount of non deposit liability in the total liability structure. If the purchased fund increases that means the capital risk are also increases. During the period of 2001-2005 the ratio was drastically high for 2001 and 2005 and average ratio was 26. 39%. That means the capital risk for the bank was high for the bank. Chapter-5 Al Arafah Islami Bank Limited |Key Profitability Ratios In Banking | |   |2001 |2002 |2003 |2004 |2005 | |Return on Asset( ROA) |0. 002 |0. 006 |0. 012 |0. 012 |0. 017 | |Net interest Margin |0. 015 |0. 026 |0. 030 |0. 030 |0. 38 | |Net non-interest Margin |0. 017 |0. 015 |0. 018 |0. 018 |0. 022 | |Net Bank Operating Margin |0. 067 |0. 141 |0. 242 |0. 252 |0. 292 | [pic] Return on Equity: Return on equity capital is a measure of the rate of return flowing to the banks shareholder. It approximates the net benefit that the shareholders have received from investing their capital in the bank. During the period of 2001-2005 the average return on the equity was 14. 5% which was not attractive, but the good signal is that it has increased over time. Return on Assets: The Return on the asset is primarily indicator of managerial efficiency. It indicates how capably the management of the bank has been converting the institutions assets into net earning. From the above analysis we can say that during the period of 2001-2005 the return on asset was only 1. 00%. That means the bank was able to increase the efficiency in managing asset from 2001 to 2005. Net Interest margin: The net interest margin measures how large a spread between interest revenues and interest costs. Management has been able to achieve of close control over the banks earning assets and the pursuits of the cheapest source of funding. The average net bank interest margin for the bank was 2. 78% during the period of 2001-2005 which is also not so attractive. Non-interest Margin: The non-interest margin measures the amount of non interest revenue streaming from deposits charges and other service fees the bank has been able to collect relative to the amount of non interest cost incurred (including salaries and wages, repair and maintenance cost on bank facilities and loan loss expense). The net non interest margin was 1. 8% in 2001-2005. They wasn’t been able to generate more income from the non interest source like Treasury bill, commission on brokerage, and commission from the letter of credit. Earning Per Share: |2001 |2002 |2003 |2004 |2005 | |Earnings Per Share |101. 43 |312. 420 |251. 1 |263. 67 |387. 8 | [pic] Earning per share measures the earning against per share. During the period of 2001-2005, the earning per share was Tk 263. 18. If we compare with other bank we will see that their earning per sha re was very good. Breaking Down of ROE: |   |2001 |2002 |2003 |2004 |2005 | |Banks degree of asset utilization |0. 32 |0. 041 |0. 048 |0. 048 |0. 059 | |The banks equity multiplier |24. 968 |21. 447 |14. 754 |13. 449 |12. 564 | [pic] The Net Bank Operating Margin: During the period of 2001-2005 the average the net bank operating margin was 19. 87%. If we compare with other banks it was good. Another important thing is that it has increased over time. Degree of Operating Margin: On an average they have earned 4. 55% operating revenue during the period of 2001-2005 by using total asset. It was not so good. This indicates that they ware unable to utilize their assets. Equity Multiplier: During the period of 2001-2005 the equity multiplier was 17. 467. By analyzing the equity multiplier ratio we can say that it is substantially higher, that means the risk of the failure is also high for the period of 2001-2005. As the risk is higher so the banks profit margin is also higher. Liquidity Risk: |   |2001 |2002 |2003 |2004 |2005 | |Cash and Due from Banks/Total Assets |0. 080 |0. 090 |0. 089 |0. 093 |0. 201 | [pic] Purchased Funds/Total Assets: Purchased Funds/Total Assets if the use of purchased more that increases the chance of liquidity crunch in the event of withdrawals rises or the loan quality declines. During the period of 2001-2005 the average ratio was 7. 4%. Because of lower percentage we can say that the liquidity risk for the bank is also lower for the bank. Cash and Due from Banks/Total Assets: During the period of 2001-2005 on an average the bank had only 7. 42% cash and due from bank against their total assets. This indicates a very bad signal for the bank. Liquidity risk for the bank was very high for that period. Credit Risk: |   |2001 |2002 |2003 |2004 |2005 | |Provision for Loan Losses/Total Loans |0. 16 |0. 033 |0. 024 |0. 048 |0. 011 | [pic] Total Loans/Total Deposits: Total Loans/Total Deposits indicates the total loan amount that goes from the total deposit. During the period of 2001-2005, 84. 13% of the total deposit distribute as loan. They have distributed a big portion of their deposits as loan it could increase credit risk for the bank. Provision for Loan Losses/Total Loans: Provision for Loan Losses/Total Loans indicates the amount which should be kept as provision for loan losses from the total loan. During the period of 2001-2005 the average amount of provision for the loan loss was 2. 4%. As the provision for the loan losses was lower so we can say that the credit risk for the bank was also lower for the bank in that period, and the bank has been able to collect the loan more efficiently. Capital Risk |   |2001 |2002 |2003 |2004 |2005 | |Purchased Funds/Total Liabilities |0. 050 |0. 056 |0. 059 |0. 117 |0. 114 | [pic] Equity Capital/Total Assets: Equity Capital/Total Assets indicates that the amount of equity capital invested in the total assets. During the period of 2001-2005, on an average 6. 17% of the total asset was financed by the equity and it is gradually increased over the year and for the period. Purchased Funds/Total Liabilities: Purchased Funds/Total Liabilities indicates that the amount of non deposit liability in the total liability structure. If the purchased fund increases that means the capital risk are also increases. During the period of 2001-2005 they were able to maintain the ratio within 8. 00%. That means the capital risk for the bank was lower for the period. Though the bank is able to reduce the non-deposit source of funding but still they are exposed to a higher capital risk. Chapter-6 Eastern Bank Limited Key Profitability Ratios In Banking | | |2001 |2002 |2003 |2004 |2005 | |Return on Asset( ROA) |0. 02 |0. 02 |0. 02 |0. 02 |0. 02 | |Net interest Margin |0. 03 |0. 03 |0. 02 |0. 03 |0. 03 | |Net non-interest Margin |0. 02 |0. 02 |0. 03 |0. 03 |0. 03 | |Net Bank Operating Margin |0. 16 |0. 19 |0. 1 8 |0. 22 |0. 18 | [pic] Return on Equity: Return on equity capital is a measure of the rate of return flowing to the banks shareholder. It approximates the net benefit that the shareholders have received from investing their capital in the bank. During the period of 2001-2005 the average return on the equity was 17. 2%. The ratio was stable over the period. The bank has able to maintain the stability of income. Return on Assets: The Return on the asset is primarily indicator of managerial efficiency. It indicates how capably the management of the bank has been converting the institutions assets into net earning. During the period of 2001-2005 the average ratio was 2. 00%. It was not so attractive but good thing