Vans Shoes History

Vans Off the Wall Vans Inc. is a prosperous company, which manufactures shoes and apparel. The company was formerly known as Van Doren Rubber Company, Inc. and changed its name to Vans, Inc. in 1991. Since the beginning, Vans Inc. has strived for popularity in snowboarding shoes and skateboarding sneakers to try to keep up with the fast growing and extreme sport cultures. Paul Van Doren started the company in the United States in March 1966. The company began to manufacture shoes in the first Vans retail store located in Anaheim, CA.With such a prosperous beginning in history, the shoes that continue to be manufactured could be defined as one of the leading shoes for the skateboarding industries. The reputation of the shoe itself has lead the skating industry in a revolutionary and unexpected way since 1966 up until this year with much future to come. The shoes have its unique style with its signature waffle sole that has made an impact with the youth. Differently from its current co mpetitors in the skating industry, vans shoes have a unique sense of style by using canvas material, making the shoes more durable than the competition.Along with the use of canvas material, comes the options of variable designs and colors to fulfill the need of the young customers. The shoes come in a variable combination of color hues and stitching designs. For more than 46 years Vans footwear has been at the heart of skateboarding from the classic Vans canvas shoes to their technical skate shoes. Vans define individual style that is an excellent match for skateboarders around the world who practice the sport. Being a productive business, Vans Inc. has a broad market around all the states in the U. S and more around 50 countries around the world.The Business Week website briefly describes the company's target market by stating, â€Å"Vans, Inc. operates as a branded lifestyle company for the youth market. It reaches its 10 to 24 year-old target consumers through the sponsorship o f core sports, such as skateboarding, snowboarding, surfing, and wakeboarding, as well as through major entertainment events and venues, such as the VANS Triple Crown Series, VANS Warped Tour, VANS World Amateur Skateboarding Championships, and VANS High Cascade Snowboard Camp, located on Mt. Hood. † BusinessWeek describes how the company uses different types of edia to reach the youth community. The company has gained a lot of popularity with their shoes and gaining it not only among skaters, but also among all the teenagers. Many of their customers are appealed by the shoes because of the designs rather than its use. Vans Inc. , according to Hoovers. com who have researched the company, say the biggest competitors are Nike, Converse and Adidas. Vans Inc sponsors well known events that involve extreme sports such as competitions, skateboard parks, and music events to invite them to push the brand’s â€Å" Vans Off The Wall† slogan. Following the look that Vans I nc. s trying to achieve, many consumers would believe that the business would only be focused towards men. Contrary to this idea, the Funding Universe website talks about the focus Vans Inc. has now placed on female products. Funding universe reports that the company also responded by introducing a complete line of women's outdoor shoes. Making these types of changes made the company also gain popularity and increased the target market. With such changes, young mothers with their kids would purchase their shoes at the same time as they would purchase the shoes of their kids.With the extend of the market now including men, women, boys and girls, the company has a step ahead of the competition by allowing to have a more extended selection for all the family. Works Cited Burritt, Chrus, and Lauren Coleman. â€Å"VF’s Vans Unit to Add Athletic Shoes to Challenge Nike. † Bloomberg Businessweek. N. p. , 14 June 2012. Web. 10 Nov. 2012. . â€Å"Vans, Inc. Competition. † Vans, Inc. Names of Competitors. Hoovers, 02 May 2011. Web. 10 Nov. 2012. . â€Å"VANS INC (VANS) SPO. † NASDAQ. com. NasDaq, 20 Nov. 2009. Web. 09 Nov. 2012. .

Current Trends in Leadership Essay

Now a day leaders are following a trend of As one, which is a short phrase but it is filled with meaning and inspiration. In simple sense As one means to sum up the individual actions into collective power. According to the article individuals can collaborate to achieve extraordinary results together. Every day people meet, collaborate from different countries, organizations and industries so that to make the things happen. In this, some collaborations are unintentional, some are deliberately or sometimes it uses web technologies. But the basic fundamental reason behind these collaborations or working as one phenomenon is to have a winning edge. And this winning edge is usually determined by the organization that best works as one. Leaders have added the phrase as one which has changed its meaning completely. For e.g. working, it is an individual action but when it is connected with â€Å"as one† the entire meaning of both word and the phrase has changed, i.e. working as one, which shows the power of collectivism in an organization. Similarly winning versus winning as one, stronger versus stronger as one. Now they know that sources of inspirations are endless, just think of the possibilities and believe as one, succeed as one. The definition of leadership is evolving, such as: * Some say leadership is all about productivity, making employees work together efficiently. They say that great leader should get people to have a common interpretation around how to work together. * Some say leadership is all about people. They say a leader’s job is to develop people’s sense of belonging to their group. They believe a great leader should get people to have a strong shared identity or sense of who they are. * Some say leadership is all about purpose. They feel a leader’s job is to drive people’s commitment to act on the goals of the organization. A great leader gets people to have a strong sense of directional intensity around what they need to do together. But a real leader should involve all these things. Some leaders call it working as one and it represents the pinnacle of collective leadership, or leadership that results in a cohesive group of people working together effectively toward a common goal or purpose. As one may seem primarily available to leaders and their teams, but it doesn’t just have to be about internal interactions. The concept is a starting point for all leaders to understand how they can apply specific collective leadership techniques to best fit their situations and challenges. * Employee’s Trust in his Leader2: One out of four employees do not trust their leader. What leaders do so that their employees trust them? And how they know that whether their employees trust him or not? A leader should have answers for these questions. As a leader, you can’t afford to avoid trust between you and your employees or teammates. A lack of trust in leader results in negative impact on staff retention, employee well being and performance. Trust requires a person to have reliance and confidence in the actions of another, with no guarantee that he/she will behave as desired in return. When applied to leadership, trust is a person’s willingness to take a risk for a leader with the expectations that, in exchange, the leader will behave in some desired way. To maximize the trust leaders receive from their employees, they demonstrate three qualities. 1. Competence (Can they do the job?); 2. Benevolence (Do they care about me?); and 3. Integrity (Are they honest?). Integrity is the most important part at 41 percent, the benevolence at 34 percent, then competence at 25 percent. When the goal is to maximize the trust, leaders must know how to do their jobs well, but it is even more important for them to be considerate, supportive and honest with their employees. Leaders not only demonstrate these three qualities- honest, benevolent and competent, but they have also try to be seen to be so. Now leaders show trust in people around them. They listen to their employees, empathize with them, show their concern for the employees, are honest with them, true to their word, and treat them fairly. Leaders actively manage how they are perceived by others. They try to connect their employees at a personal level, which could be as simple as shaking hands with them. There are clear links between professional human capital management (HCM) best practices (such as mission statements, regular surveys and performance reviews) and trust in leadership. These practices, typically of progressive organizations, and are also linked to levels of trust in leadership. Employees are twice as likely to trust their senior leaders if the organization has engaged in these practices. And the more of these best practices that the organization engages in, the greater the level of employee trust in leadership. Conclusion: On the basis of the studies, I came to know that different leaders are following different trends in their leadership techniques. So there is no set trend for leadership. Also different people have different opinion about their leaders. But what I realized from my learning on these articles that to have a winning and competitive edge, organizations require leaders who can inspire, motivate, direct, etc. their employees to achieve the company’s goal effectively and efficiently. Leaders should also build their trust on employees, so that they can trust and believe their leaders for better outcomes and staff retention. Also I came to know that leaders are practicing to work in a team and currently they are using a trend of As one, that is whole organization is one and they are having a common goal, objective and vision. Sources: 1. Leadership Excellence, Art. Collective leadership, March 2012 2. Leadership Excellence, Art. How to gain trust?, May 2012

China and India Essay

Classical China and India had differences and similarities in religion, society, and technology/ inventions. In China, there were 3 major religions while in India there were only two. China had three social groups in which the people were placed. India had the Caste system that included five levels. The people of Classical China invented some important items while in India, major advances in astronomy, medicine, and math were being made. China’s religious and philosophical views were different from India’s because they had distinct faiths. China’s major religions/ philosophies were Confucianism, Daoism, and Legalism which focused on peace with the world and worship of ancestors. India’s major religions, Hinduism and Buddhism emphasized reincarnation. Although different religions, both Chinese and Indian lives were the same in that religion formed a big part of their day, whether Confucianism, Legalism, Daoism, Hinduism, or Buddhism, a lot of time was devoted to worshiping their faith. India and China both used a system of grouping people socially. Even though different methods, the people lived according to their group. Most of the religions like Hinduism, Confucianism, and Legalism accepted these social groups. India’s Caste system consisted of five levels. Moving up in a social class was nearly impossible in both China and India. In the Caste system, the people were arranged in hierarchical and patriarchal levels. On the other hand, the three social classes of China were: the landowners, the peasants, and at the bottom were the mean people. When it comes to advances in intellectuality and inventions that influenced our world today, China and India were very different. China and India were different in intellectual advances because they gradually made a move forward, but in different fields. China invented paper, a major item still used today. To help make the production of crops easier, the Chinese invented the water powered mill. Another grand advance of classical China was an accurate calendar still used in China today. While in India, they were making life changing discoveries. In astronomy, they determined the length of our solar year, they identified the seven planets, and they calculated the circumference of our planet earth. Because of infections and diseases, they developed vaccines to immunize and protect their population. Classical India also learned to sterilize wounds. India and China had different levels of thinking, but both made important discoveries that impacted the world. In conclusion, China and India were very different, yet alike in many aspects. They were different in religion, society, technology, and inventions. These differences and similarities made up the classical civilizations of India and China.

Supply Chain Management-A Case of AmerTac Inc Term Paper

Supply Chain Management-A Case of AmerTac Inc - Term Paper Example According to Blackwell, companies sustain competitive advantages via information flow management which is significant principle of supply chain as a system. There are three important flows within supply chain, information flow, material flow and flow of finance or capital. Similarly, as per Cooper and Lambert’s assessment, effective supply chain means integrated supply chain as integration is core element required in supply chain management system (Baihaqi & Beaumont, 2005, pp. 2). Collaboration and relationship are further essentials of supply chain. If there is not strong collaboration or relationship within supply chain partners (suppliers, manufacturers and distributors), it is impossible to sustain the entire system of SCM (Baihaqi & Beaumont, 2005). Critical Evaluation of a Supply Chain CaseCompany Overview AmerTac is one of the renowned companies in consumer electronics, based in New Jersey since 1937 (Bloomberg, 2013). The company offers wide range of products includin g decorative hardware, lighting fixtures, night lighting fixtures, in-house lighting and plant accessories. Moreover, it offers ceramics, mirrors, and accent lighting fixtures to meet the diversified need of customers. Being a well known company AmerTac distributes its products to almost all popular retailers including Wal-Mart, Lowe’s and The Home Depot (AmerTac, 2013). This gets possible by company’s wide ranging supply chain network which is channelized to all most all local pick points. (Baihaqi & Beaumont, 2005).

Strategic Planning Framework Research Paper Example | Topics and Well Written Essays - 2000 words

Strategic Planning Framework - Research Paper Example up to the standards as the company is losing its grip over its market share as well as the position it had achieved earlier in the market based on the quality of its products and services. The two main reasons behind these situations are: 1. High employee turnover rate; 2. Decreased customer satisfaction. Let us discuss these problems in some detail in order to know how these problems are affecting the overall business of the company. 1. High Employee Turnover Rate As Beam (n.d.) states, â€Å"employee turnover is the process of replacing one worker with another for any reason† (p. 1). High employee turnover means that the company is not able to retain its employees. It is a fact that experienced employees yield higher levels of productivity as compared to employees who join the company as fresh employees. The reasons behind high employee turnover ratio are usually improper employee recruitment and lack of a proper incentive plan. When we inquired the managers of NexGen, we ca me to know that they had started hiring less experienced employees in order to cut down the cost of retaining experienced employees. They also took this step as the result of some resignations from their key employees. However, this strategy of the company is proving unsuccessful because new employees are not able to show good performance, and their managers fire them from their jobs after a very short span of time. Another reason that we came to know through analysis was the lack of a proper incentive plan to retain high performing employees. The incentive plan could have motivated the employees to remain associated with the company instead of resigning from their positions. A couple of people who had worked for the company earlier revealed that the company did not use to reward them for their... We would recommend the managers of the company to implement all solutions without any delay if they want to succeed in this current downscale economy. Although the solutions may take some time in proper implementation, the process should be started right away in order to save the company from bearing more loss. For example, the hiring of skilled employees may take a couple of months, but the effects on the company will be long lasting. Similarly, implementation of an incentive plan would need a proper financial analysis. Managers of the company would have to analyze all financial factors before designing the plan in order to save the company from suffering extra costs of developing and implementing the incentive plan. Implementation of a quality management system also needs planning. Managers of the company need to set guidelines and train employees to follow those rules while developing any new product. Introduction of after-sale service plan can be done right away as no time-taking planning is needed to take such steps. The managers just need to hire some outdoor service employees to implement this step.

Corporate Social Responsibility and Sustainable Development Essay

Corporate Social Responsibility and Sustainable Development - Essay Example Businesses are facing an increasing pressure to adopt Corporate Social Responsibility (CSR) in its agenda of growth. Companies have realized that practicing unacceptable processes carry not only legal risks but also the risk of businesses not performing well. Though business leaders realize that CSR is an integral part of a business performance, often the justifications of incorporating it into the business process are unclear. The most justification given in support of CSR highlights the ‘trade-off’ between business and society rather than the ‘interdependence’ of the two. It is seen that businesses view CSR as means to secure the goodwill and reputation of the business, with all the stakeholders, a moral obligation to support ethical values and meeting the needs of sustainable development. What is missed out in this is the reality; the fulfillment of the social objectives of a business actually enhances the economic objectives of the business in the long-r un. That this is possible has been proved by many companies. PepsiCo India has employed various processes to optimise water usage and minimise water wastage. Across its manufacturing plants in India, PepsiCo has installed water recovery equipment and has bettered the water management through recycling and reuse in cooling towers, flushes and gardens. The company has also made it a standard practice to harvest rainwater either by collecting rainwater in ponds that have been excavated for this purpose or by roof-water harvesting.   PepsiCo plants in Bharuch, Bazpur, Palakkad, Jainpur, Panipat, Channo, Pune, Mahul and other places, in India, follow this as a standard practice. PepsiCo has also ventured into community water projects and watershed management programmes. The company has saved an approximate two billion litres of water in two years, from the start of this initiative, build its image as a socially responsible business house and to top it all has done very well with its bo ttled water and non-carbonated beverages. Another case in point is that of Nestl, which entered the poverty ridden Moga region in India. Poor soil, small tracts of land, droughts, animals suffering from disease and non-existent market, all sorts of challenges were existent here, till Nestl entered Moga in 1962. The company started with establishing milk purchasing organizations in the area and by creating infrastructure in the form of dairies with refrigeration, veterinarians, nutritionists and agronomists to advice farmers and medicine and supplements for the animals. Water supply facilities were also arranged

Reading Essay Example | Topics and Well Written Essays - 1500 words

Reading - Essay Example First, the principle of syntax is a linguistic principle that grammatical explains how grammatical processes function primarily on given structures of sentences. This is not applicable in a single word or succession of words since the principle of dependency structure is a rule of universal grammar. In this rule, the principle of structure dependency mandates the applicable languages to incorporate sentences of the language in question in accordance with the structure instead of the sheer order of words. In syntax approach, one is able to examine that certain unified analyses of sentences in a given language can be empirically correct or in order. This means that syntax helps in teaching of reading in that unifications of statements is not per se desirable. In the proposition of linguistics, the syntax’s explanation is the arrangement or the processes through sentences undergo construction in a language (Rogers, 2006). This means is therefore dictated the rules and the princip les that govern the sentence structure of that given language in teaching. As a result, effective teaching of reading in any language in the application must adhere to the construction rules of grammar in syntactic approach not merely the arrangement of words. For example, it would be appropriate for a teacher to get right all the constraints that control acceptable word order within any given sentence. This also goes to the dominance of relation like a head noun + a relative clause. The syntactic sequencing of such words dictates that they ought to follow that order hence syntax. In teaching, learners cannot acquire this rule through the hearing of sentences of the language. Alternatively, the rule of syntax imposes itself in whichever language they encounter. This means learners only have to apply these syntactic rules in the languages that they only hear. For example, in English language, learners would reject a statement like ‘for Mary is dog that white’. The syntax rule is wrong even to those who have never encountered it before. It is therefore important to elaborate that structure dependency as a syntactic rule stipulates that it is a principle of knowledge that is built in human minds (Dalton, 2008). This makes it part of the language being learned in teaching of learning, not necessarily English. The semantics principle also features as the principle of compositionality. It is the study of meaning. In its entirety, it focuses on the relation between signifiers like words, phrases, signs, symbols, and what exactly they stand to express in a given sentence (Rogers, 2006). In philosophy of language, semantics helps in elaborating the meaning of a complex expression through its constituent expressions and the applicable rules used. For example, given a structure like ‘ Frankenstein is a man’, if one takes away the meaning lexical items away ‘Frankenstein’ and ‘man’, what remains back in the sentence is a an incomprehensible sentence. Therefore, semantics is a meaningful structure states that the absence of lexical items in syntactic constructions, what remains behind is for the learner to input the rules of composition. The capability to have syntactically correct structures and derive a logical meaning in a statement is what semantics entail in the principle of effective teaching of reading. Therefore, it would be logical to assert that every operation of the syntax closely associates itself with the semantics that

Final Paper Essay Example | Topics and Well Written Essays - 1250 words - 13

Final Paper - Essay Example Moreover, very few people remember their lives when they were young and in their toddler ages. The same principles apply with the main principles that are guiding us in the present day. People are given the liberty to act and to think according to the situation and according to what their instincts hold and tell them. The decision and the way people live is also influenced by many factors that surrounding them. It may range from various diversities such as education, religion, the environment and other factors that influence the guiding principles in a person’s life (Bhattacharjee, p 130). Through various societal and cultural influences, people tend to believe in various practices that make them make the decisions they make in life and stand by them. I therefore do not believe in being controlled by an evil genius because an evil genius tends to make people do wrongs in the society constantly. I believe that human beings have the power to design and choose their fates (Bhattacharjee 150). I believe human beings control themselves and their behavior. An empiricist can coherently believe in God as man’s five senses are not adequately reliable for the main reason that man is neither infallible nor perfect. Humans do not have the divine ability to possess complete flaunt less knowledge to everything around them. There are some things in life that man cannot give adequate answers to. Assured and broad knowledge requires humans to depend on a perfect being and that is God. God is Infallible and full of exhaustive knowledge (Gupta 67). The man’s five senses can only provide information and awareness with reference to only specific attributes of an object. There are many fields that empiricists have no answers to. Believing in god is the only option that can offer those answers. The question of origin and existence for example, answers can only be found in religion. The empiricists believe

Level 6 diploma in career guidance and development Essay

Level 6 diploma in career guidance and development - Essay Example All these depict that as a career developer one needs to cultivate a healthy relationship with people. Many theories have emerged trying to explain the existence of career guidance some of these include Holland’s Trait and Factor theory, Bandura’s Social Learning theory and Donald’s Super Developmental approach theory which I’m going to discuss at length in this essay. To begin with, John Holland Trait and Factor theory also known as the Topological theory, which base its argument on the fact that people can be helped based on the human characteristics they possess. Some of these traits include intelligence, self esteem and aptitude. This theory supports the notion that people can be introduced to careers that match with the nature of their characters and a result, this theory has been nick named and criticized as the ‘square peg in the square hole ‘ theory. (Alaos.K.A, Kobiowu.S.V, Adebowale. O.F, 2010, Pg.135) This theory also support the concept of self scrutiny or screening and further stipulates that accuracy of self analysis and career development influences ones career decisions.(Zunker,1990,pg.45). In a case study-James is fourteen year old boy who is just clearing junior High but however does not know the career to pursue in college. Following the concept of self scrutiny, I am able to gather that James has been a very active student in extra curriculum activities and to some extent he has been a football Captain of his school team. Based on his interests in sports, his good leadership qualities and his love for sciences we come to conclusion that James would pursue sport medicine in college. In my career development and counseling profession, Holland’s theory has enabled me to help people to discover their potentials and career through their talents and hobbies. Therefore this theory has eased the task of career decision making most especially with the teenagers who are coupled with

Direct and Interactive Marketing Essay Example | Topics and Well Written Essays - 2000 words

Direct and Interactive Marketing - Essay Example Nonetheless, there is need for a market analysis in a bid to ascertain whether launching an on-line shopping facility later in 2013 will be profitable. Situation analysis Situation analysis is a collection of strategic tools for understanding both the internal and external market of W. M. Morrison Supermarket. Situation analysis tools include 5C analysis, SWOT, and Porter’s five forces amongst others (Kotler, 2009). The following is a situation analysis for W. M. Morrison Supermarket on the basis of the aforementioned three tools. A. 5C Analysis The 5C analysis of W. M. Morrison Supermarket includes the company, competitors, customers, collaborators, and climate (Kotler, 2009). It is important to note that W. M. Morrison Supermarket is supermarket chain that operates with a specific environment hence influenced by the above mentioned aspects. Company: W. M. Morrison Supermarket is considered as the 4th largest supermarket chain within the UK markets. Since 2002, Morrison has b een able to deliver 3000 varieties of perishable food as well as 600 brands of readymade meals to approximately 250,000 customers thus attracting a turnover of approximately $400m annually. In addition, Morrison enjoys the experience of click and collect sector, which it has a command of approximately 10% in the Fresh Direct, a New York-based entity. The enterprise’s main objective is to increase its sales through adopting new technologies that include internet or on-line selling (Davis & Reilly, 2010). In addition, W. M. Morrison Supermarket has experienced poor performance over the last period with sales reducing by approximately 2.5%. Nonetheless, W. M. Morrison Supermarket continues to enjoy its position within the market. Competitors: Morrison continues to face competition from some of the market leaders within the UK’s grocery retailers such as Tesco, Asda, Waitrose, and Sainsburys amongst other competitors. Whereas Tesco is regarded as the market leader, Sainsbu rys has an 18% market share and covers 88% of the UK’s grocery market, Asda has 33% of the online market and has 3 dark stores, and Waitrose sells online though Ocado, which is the biggest online only grocer in the UK (Davis & Reilly, 2010). These retailers within the UK’s grocery continue to offer stiff competition to Morrison especially taking into consideration that whereas the formers have online shops, the latter is yet to launch some online shops. Customers: Morrison targets the UK’s grocery market, which is believed to one of the fastest growing areas in retail. Amazingly, the UK’s grocery market accounts for approximately ?5.6 billion of a ?156.8 billion market, which is 3.57% of the total UK’s market (Kotler, 2009). However, positive trends have indicated a likelihood that the UK’s grocery market is likely to double to approximately ?11 billion in the next five years. It is this market that Morrison supermarket chain is targeting. I n addition, it is important to note that online customers have continued to increase. Online sales indicated a growth rate of 17.8% in 2012 during the Christmas seasons, which is the fastest ever experienced. Collaborators: Morrison continues to operate within the industry and market through the help of collaborators such as the Fresh Direct, which is a New York-based enterprise for distributing fresh farm produce in New York (Jones, 2012). In addition, Morrison has already

Planning for and Recruiting Human Resources Research Paper

Planning for and Recruiting Human Resources - Research Paper Example ilable for the companies to fill the job vacancies if the H-2B visas prove inefficient, recommend the most efficient option and identify additional recruiting strategies. These companies can target local students who undertake careers related to the company activity. This motivates workers because they can enhance their career as well as earn (Engardio, 2006). Companies can also fill the job positions with workers with J-1 visa type. Most students from developing countries are looking for better paying jobs in developed countries such as the U.S. This is contrary to American students that prefer internships for the advancement of their careers over summer jobs. Additionally, the companies can outsource for Q-1 visa workers. This will provide opportunities for foreign nationals to work in the companies for 15 months after which the visa will expire. However, these workers may not be efficient to the companies because the Visas can only be renewed after workers have stayed for one year after the expiry. The best alternative strategy that companies can adopt is targeting international workers under Q-1 visas. These forms of visas allow workers to spend longer working periods in the host nation. This offers companies an opportunity to retain the most productive employees for longer periods, thereby improving efficiency. The longer visa life allows workers to attain the required experience leading to higher performance. The fixed employment period will also boost the worker morale because most of them will yearn to maximally utilize this period to achieve maximum benefits (Noe et al., 2009). This improves on productivity. The companies can also reduce costs related to frequent hiring of new seasonal workers. This is because Q-1 workers can even be available to serve for two peak periods before the visa expires. However, the requirement that the visa is only renewable after one year may inconvenience employers. High Sierra pools can rehire the past rejected

The Advantage and Disadvantage of Using Social Media Essay Example for Free

The Advantage and Disadvantage of Using Social Media Essay The advantages: Based on my own experiences, there are several advantages for marketers to use social media as part of their marketing communications strategies. Social media represent a revolutionary new trend in communication. More and more people begin to use social media to communicate. It is freer, more convenient, faster and cheaper than the old ways, people also can get more information what they want, what is more, people can get in touch with their friend easier. For the company, it can face to their target market precisely. Social media hold a great deal of customers’ information, through the information that people share, company can easily know customers’ hobbits and the goods they like. Social media also increase the communication between customers and marketers. Company can get lots of users’ feedback information and use that information to improve their product. It also help the organization leave a good impression in customers’ minds. One of the most important things is that social media not only can help companies advertising well but also nearly have no costs. What social media bring for the company cannot be measured but the cost of it is really low. It lowers the company’s advertisement costs. Read more:  Essay on advantages and disadvantages of social media Disadvantages: Based on my own experience, the disadvantages or risks for marketers in using social media as part of their marketing communications strategy are as follows. Company’s web page can be attacked by hackers and viruses; it may lose company’s important information, company may lose their competitive advantages. Customers can be deceived by the false information online and the extra information may let them get annoyed. The negative comments may damage companies’ image. The use of the internet may cause the reduction of production efficiency, because employees may busy use the internet to solve the problem online or update their software so that waste times. Company should learn how to handle a social media and that may waste company’s time. Because the social media is not a â€Å"face to face† communication, so it can have many incredible situations, the information may be not real, the likelihood of people been fooled are greatly increased.

The act of labeling people with mental illness

The act of labeling people with mental illness Human begins have been labeling people since the beginning of time. It is human nature to put labels on people in an attempt to better understand someone. People us labeling for example when they see a group of people wearing the same clothing and listening to the same music, and this is roughly the same concept used to help psychologist know what is happening to a patient. (Lain). â€Å"Psychologist is most likely to able to help individuals who are suffering from mental disorders when they can make an accurate pyschodiagnosis, an attempt to describe, asses, and systematically draw inferences about an individuals psychological disorder.†(Sue, David). Over the years, the meaning behind labeling has changed. In the nineteen forties, labeling a person moron and idiot was used to describe someone with mental illness. â€Å"And the history of slavery indicates that African Americans who tried to escape their white masters were often labeled as suffering from drapetomania, defined as a sickness that makes the person desire freedom.† (Sue, David). Now, Psychologists use terms out of the DSM-IV to describe people with mental illness. (Autonomous). Using this method of labeling people who have a mental illness has its pros and cons.   Cons of labeling people: making a diagnosis is simply the act of labeling the person, once labeled he or she may have difficulty overcoming the label, having a hard time identifying themselves without the disease (having the disease define who they are, instead of the disease just being the disease), and may lose hope of recovery.(Lain). Pros of labeling people: provides patients with a means of com municating about what is going on with their body to other people, helps identify and to find support, some people are relieved when they learn that the symptoms they are experiencing have a name, and offers a sense of hope and personal control over the illness.(Lain). Labeling a person who has a mental illness may do more harm than good. Words have a powerful meaning, though we are taught to say â€Å"sticks and stones may break my bones, but words will never hurt me.† Words have more of an impact on us then we would like to admit. Words can be used to hurt other people. (Jack Bragen). â€Å"Hitler once braded the Jews as abnormal.† (Sue, David). People, once labeled or have a diagnosis, forget who they once were as people, and start to let the diagnosis define who they are as people. This can be bad for the patient, because they not lose themselves, but they start to lose hope with the treatment itself. This also will occur when people try and diagnosis themselves. Thomas Szasz, a health professional, has stated that â€Å". . . mental illness is a myth, a fictional creation by society used to control and change people.†(Sue, David). A person who knows their diagnosis may become consumed with the diagnosis. The person could make this their whole life, and use their diagnosis to validate their behaviors, saying they cannot help it, and their behavior cannot change. Some people will choose to hide behind their diagnosis, and never try and get better. (Lain). The people who like to get attention for their behaviors may benefit from getting the opportunity to use their diagnosis to excuse everything they do or say. If the person becomes too consumed with their diagnosis of a mental illness the patient may start to lose most or all hope in being treated. The person can become overwhelmed with their diagnosis, and from this feeling alone assume they will feel this way for the rest of their lives. (Autonomous). Though there are some downsides to labeling people with a mental illness there are some positives. Giving someone a label may help them better communicate to others about what is going on with their bodies to other people. With this label people are more able to know how to handle a situation. If someone for example says they have autism, the person who they are speaking to will know that they may not like close contact, and eye contact. This will help the person learning about the diagnosis not to be offended if they arent receiving the same communication skills back in return. (Lain). By the patient receiving information about their mental illness, they are able to find support groups. Often times people feel alone when they hear about their diagnosis, but once the patient hears they are not the only ones, this can create a sense of comfort. People who around others that know exactly what they are going through have a better chance of succeeding in their treatment, because of all the support they are receiving.   When a patient hears there is a name to what they have been experiencing they feel a sense of comfort knowing what is going on with their bodies. Knowing the name of their diagnosis gives can give people a sense of hope and power of their diagnosis. They could also feel more involved in their treatment process. (Lain). â€Å"The DSM-IV is not used to categorize people, but to categorize conditions or disorders that people have† from a website titled, â€Å"All about Depression.† (Dr. Prentiss). It is important to know that people must say the diagnosis right that we do not say for example that Sarah is cancer, we say Sarah has cancer. By saying the diagnosis this way patients look at their diagnosis as part of them, instead of the diagnosis being them. The disadvantages of labeling people: making a diagnosis is simply the act of labeling the person, once labeled he or she may have difficulty overcoming the label, having a hard time identifying themselves without the disease (having the disease define who they are, instead of the disease just being the disease), and may lose hope of recovery. (Lain). The positives of labeling people: provides patients with a means of communicating about what is going on with their body to other people, helps identify and to find support, some people ar e relieved when they learn that the symptoms they are experiencing have a name, and offers a sense of hope and personal control over the illness. (Lain). By labeling people with mental illness the â€Å"psychologist can attempt to identify the causes of the disorders in order to design a program of treatment.†(Sue, David).

Its Use To Gain Competitive Advantage Information Technology Essay

Its Use To Gain Competitive Advantage Information Technology Essay Apple founded the computer company in 1976, in the last decade; Apple Company offers a wide range of products which cover from Apple I to MP3, hand phone. In 2001, Apple broke the barrier with the I-Pod, eventually becoming the dominant market leader in music players. As well, Apple joined the phone industry in 2007 with the I-Phone, which has also been widely successful. Apple makes a big contribution to the world and plays an important leader role in the IT industry. Apple is the global company which exports and imports the products and services, like Singapore, China, and HK and so on to access the overseas market. For these various products, Apple targets different groups of people. Such as I-Phone and I-Touch targets the young people; new technology of laptop and computer target business person. So for the various customers, Apple Company does the business through the information technology. The first, Apple set up his own website: www.apple.com. The company uses the e-commerce to do business. The advantages of website and the advantages for Apple as following and look through the figure 1 below: Source: http://www.brs-inc.com/models/model1.asp Consumers enable search products and services online before making purchases. The website allows products and services to be displayed in front of people without going to market in person and renew in time to fit customers needs and wants. Being found on the Internet will give you an advantage over your competition when they call you instead of the competition. Be able to conduct business when it is convenient for your clients whether it be during the day or in the middle of the night. Your shops will never actually close and run 24 hours. Your customers can shop whenever they are free when you choose an e-commerce website. Customer enables to compare products and find out which suits them best. They just click the mouse then can go through all the products whatever they want. They also can compare with other competitors products. See which one has higher value with lower price; which one has high quality; which one has more advantage than others and so on. E-commerce business can make your competitors customers swift to your products directly. Website becomes a resource of information for the public; consumers can gain the information from website without leaving home. By supplying helpful tips and articles that are relevant to your industry, you will give visitors a reason to come back to your website, so we should set up the powerful website to attract the consumers. Payment can be done electronically. Customer can order online with clicking the mouse, and make a payment via net, master card, visa or even cash etc to make the transaction successfully. Only a few seconds. Low risk of money changing and save a lot of time. E-commerce company that dont need to rent the space or office, do not need to pay the electronic, water bill, do not need to buy the furniture, in addition do need to hire a lot of employees and so on so that can save a large amount of money and reduce expenses to expand the business. E-commerce business refers to the customers directly buy your products from the manufacturers without the middlemen. E-commerce provides the lowest price products for the customers without transaction fee or transportation fess in order to attract more price sensitive consumers to buy and repeat business, repeat profit. Website business with detailed catalog which is the graphic pieces that are used by business to present and clarity their products and services. With an electronic catalog ordering system, the category headings are meaningful to customers, clear heading lead customers to find and also enter what they want directly with clicking the mouse and do not need to waste time with only a few seconds. The Apple Company does the transaction through the Internet. Nowadays not only Apple Company, more and more companies also use the information technology (IT) to do business, it is more convenient, profitable, immediate, and high-tech than normal type of business in the past. 2. (i) What is an emerging technology? Explain why understanding these emerging technologies may be important to organization? (5 marks) Emerging technology refers to technology that is considered innovative it is still developing in capability/capacity.  [1]   Emerging Technologies are developing technologies often found in the information technology fields. It includes developments in voice recognition software, digital television, interactive television, broadband, wireless Internet, e-commerce software, information technology, man-machine communication, on-demand printing, Bluetooth and video conferencing. This type of new technology will alter the business and social environment.  [2]   Emerging technology has a drastic impact on society and business. It plays a very significant role in our life. Due to the new technology developing, business has been able to advance in such ways that associates can communicate across the whole world without ever leaving their respective offices, or even do business at home. Like APPLE Company can send and gain information immediately without wasting much time; download important documents from internet; increase the productivity to fit the customers needs and wants; bring transparency and credibility electronic payment so that make the security payment; do not need to hire so many workers and managers instead of high technology; do transaction such as booking or ordering via the internet; get the fast response; reduce the expenses; oversea business even you are in different regions, and a large number of other things. Consider how emerging technology has impacted business in the following ways  [3]  : Web conferencing As the technology developed at rapid speed every day, more and more companies can communicate all over the world through the internet. Web conferencing is really important and effective for every business areas. Web conferencing provides a chance for business men to hold group meeting or training in real time via the net. Make business save a large amount of money and time while increasing productivity. Most time it will be used in the oversea business. Tele conferencing Tele conferencing is a popular choice for holding meetings, conferences, or others for small business especially local companies. Basically, tele-conferencing is a phone call in which more than two parties involved. Emerging technology has had a dramatic increase on communication in the workplace. Emerging technology can provide more high and good quality products and service for consumers, make the goal of global transaction achieve. Every business should take advantage of this high tech to do their business and make them successful. (ii) Identify in detail at least two emerging technologies you have researched from the internet and other sources like journals and periodicals. Explain their likely impact on our lives in the future. (25 marks) As the economics and technology developed, emerging technology comes out with many types in different areas. New technology comes one by one. It is a part of our life from now. Such as nanotechnology which is very popular and powerful in the world; it is used in many areas like hospital, manufacture etc; also including sixth senses technology. Firstly, I will talk about the NANOTECHNOLOGY in the society. Nanotechnology is an expected future manufacturing technology that will make most products lighter, stronger, cleaner, less expensive and more abstract. It is the engineering of functional systems at the molecular scale. Nanotechnology is not a product like a microchip or an automobile. It is a process that uses the unique properties of materials at the 1-100 nanometer scale to develop new products. Nanotechnology seems be very small product. Nanotechnology has the potential to deeply impact our lives that will benefit at large. Big reduction in heating bills, nano-fluids could increase efficiency instead of using a more powerful pump so that can save energy and provide major environmental benefits. Safer surgery, because during critical surgery, nano-fluids could be used to cool the brain so it requires less oxygen and thereby enhance the patients change of survival and reduce the risk of brain damage and less painful. They could also be used to produce a higher temperature around tumours to kill cancerous cells without affecting nearby healthy cells; The fluids could open the door to the next generation of miniaturized computers, rapid heat dissipation. According to the survey, around 2010, workers will build relationship with systems of nanostructures, directing large numbers of complex components to specified ends. One application could involve the guided self-assembly of Nanoelectronic components into three-dimensional circuits and whole devices. Medicine could employ such systems to improve the tissue compatibility of implants, or to create scaffolds for tissue regeneration, or perhaps even to build artificial organs.  [4]   After 2015-2020, the field will expand to include molecular Nanosystemsheterogeneous networks in which molecules and supramolecular structures serve as distinct devices. The proteins inside cells work together this way, but whereas biological systems are water-based and markely temperature-sensitive, these molecular nanosystems will be able to operate in a far wider range of environments and should be much faster. Computers and robots could be reduced to extraordinarily small sizes. Medical applications might be as ambitious as new types of genetic therapies and antiaging treatments. New interfaces linking people directly to electronics could change telecommunications.  [5]   Over time, nanotechnology should benefit every industrial sector and health care field. It also can help the environment through more efficient use of resources and better methods of pollution control. Nanotechnology will have an impact of this magnitude. Next, I will move to another emerging technology Sixth Sense Technology. 3. Explain at least three challenges faced by managers in a typical IT department. You are also required to suggest possible approaches to meet these challenges. (30 marks)

How to Give a Lecture Essay -- essays papers

How to Give a Lecture Lecturing is not simply a matter of standing in front of a class and reciting what you know The classroom lecture is a special form of communication in which voice, gesture, movement, facial expression, and eye contact can either complement or detract from the content. No matter what your topic, your delivery and manner of speaking immeasurably influence your students' attentiveness and learning. Use the following suggestions, based on teaching practices of faculty and on research studies in speech communication, to help you capture and hold students' interest and increase their retention. General Strategies Watch yourself on videotape. Often we must actually see our good behaviors in order to exploit them and see our undesirable behaviors in order to correct them. If you want to improve your public speaking skills, viewing a videotape of yourself can be an invaluable way to do so. See "Watching Yourself on Videotape." Learn how not to read your lectures. At its best, lecturing resembles a natural, spontaneous conversation between instructor and student, with each student feeling as though the instructor is speaking to an audience of one. If you read your lectures, however, there will be no dialogue and the lecture will seem formal, stilted, and distant. Even if you are a dynamic reader, when you stick to a script you forfeit the expressiveness, animation, and give-and-take spontaneity of plain talking. Reading from notes also reduces your opportunities to engage your class in conversation and prevents you from maintaining eye contact. On this point all skilled speakers agree: don't read your presentation. See "Preparing to Teach the Large Lecture Course" for advice on preparing lecture notes. Prepare yourself emotionally for class. Some faculty play rousing music before lecturing. Others set aside fifteen or thirty minutes of solitude to review their notes. Still others walk through an empty classroom gathering their thoughts. Try to identify for yourself an activity that gives you the energy and focus you need to speak enthusiastically and confidently. (Source: Lowman, 1984) Opening a Lecture Avoid a "cold start." Go to class a little early and talk informally with students. Or walk in the door with students and engage them in conversation. Using your voice informally before you begin to lecture helps ke... ...he level of relaxation and fluency in the voice, patterns of breathing, pitch and pace, emphasis and articulation. †¢ The next day replay the recording of the lecture and make a set of notes on it. †¢ Review your notes to identify the differences between the two recorded segments. Consider style, use of language, pacing, volume, fluency, expressiveness, and soon. Any differences you note will help you decide how to improve Use a video recorder. When reviewing a videotape of yourself lecturing, you can watch the entire tape, watch the tape with the sound turned off, or listen to the tape without watching it. Adopt the procedures outlined above for reviewing and analyzing your videotape. Most of the time you will be pleasantly surprised: you may have felt nervous during the lecture, but the videotape will show you that your nervousness was not apparent to your class. Seeing yourself on tape can be a good confidence builder. See "Watching Yourself on Videotape." Work with a speech consultant. Speech consultants can help you develop effective delivery skills. Ask your campus faculty development office for names of consultants or a schedule of workshops on lecturing.

Classification Essay - Weight Lifters :: Classification Essays Gym Working Out

Classification Essay - Weight Lifters    Entertainment has been an established part of the American culture almost since its founding. The types of entertainment that most Americans enjoy in today's world are going to the movies, going out to eat, and exercising. Different forms of exercise vary from running and playing sports to weight lifting. Those who enjoy weight lifting can choose to do so in the privacy of their home, in a community center like the YMCA, or in a health club. At a health club one can expect to find a wide variety of people; however, some of these people add to the downside of working out at a local health club because they can be annoying and obnoxious. Three types of these annoying, obnoxious people found at the weight room of a local health club are the show-off, the know-it-all, and the wanderer; these types can be identified by their physical appearance, their social behavior, and their attitude. The first type, the show-off, is known by his flashy appearance, his misanthropic social skills, and his arrogant attitude. The show-off is a single male in his twenties who drives a European luxury car; he always comes to the gym wearing a tank top to display his deep tan and a pair of black and green spandex shorts. He is heavily built and all his muscles are well defined. But he is a man with poor social skills; he seldom talks to another soul and always works out by himself. He frequently ignores the greetings and good-byes of the health club employees; when he does answer a friendly "Hi, how is it going" or a "See you later," he does so in a deep, blunt, morbid tone of voice. He also likes to emphasize how strong and masculine he is by working out at the very front and center of the weight room, where everyone can see him. He refuses requests for help from others like a cheerleader refusing to go on a date with an pimply, nerdy classmate. Most people who work out at health clubs are glad to do without the show-off. The second type is the know-it-all; he is identified by his commonplace appearance, moderately developed social skills, and commanding attitude.

Mermaid Swims In Essays -- Personal Narrative Aquariums Papers

Mermaid Swims In I am new to the hobby of keeping and maintaining an aquarium. My boyfriend, Andrew, gave me an aquarium for my birthday two months ago. I was very excited. When I was little, my family had two goldfish in a small, round bowl. Watching my mother clean out the tank was the extent to which I knew how to care for fish. The aquarium that Andrew gave me is an Eclipse 6; a six-gallon aquarium equipped with a bio-wheel filtration system. The bio-wheel system is a three-step filtration system: the water is sucked out of the aquarium into a tube, passed along a carbon filter, and then into a chamber that houses a bio-wheel-a small rotating filter that absorbs impurities from the water. Finally, the water is dropped back into the aquarium via waterfall. Eclipse aquariums have wonderful reputations; I am confident in saying that it is one of the best if not the best aquarium on the market. As you can imagine, maintaining this aquarium is a lot different from caring for the small fishbowl that I grew up with. At first, I knew not how involved the process was and decided to start stocking my aquarium. I purchased four plants (all plastic) because I was told that beginners should not start with live plants, which can alter the chemical levels in the water. My final purchase was the gravel and I quickly assumed I was ready to get started. Was I ever wrong. Keeping a healthy aquarium turned out to be much more work than I had ever imagined. However, I did not find this out until I failed several times. After killing five fish I was afraid to try again. I was overwhelmed with how much there was to learn. I wondered if I would ever be able to learn all I needed to be able to keep a healthy aquarium. Thus... ... is that they seem to "suck you in". I found myself happily chatting to people for what seemed like minutes and later realize I had been sitting in front of the computer for countless hours. It is somewhat worse than watching television because it completely draws you in. There are no commercial breaks where you can dart to the bathroom before the show starts. This is the downside of the Internet for me. I feel guilty when I am stuck in my house on the computer and it is a beautiful day outside. The time I spend on the Internet also seems to cut into the time I am supposed to be doing schoolwork or cleaning my house. Oh well! It is fun! WORKS CITED Aquaria Central. http://www.aquariacentral.com/. (01 May 99) Fish Link Central. http://www.fishlinkcentral.com/. (01 May 99) The Aquaria. http://www.actwin.com/fish/index.cgi. (01 May 99) Mermaid Swims In Essays -- Personal Narrative Aquariums Papers Mermaid Swims In I am new to the hobby of keeping and maintaining an aquarium. My boyfriend, Andrew, gave me an aquarium for my birthday two months ago. I was very excited. When I was little, my family had two goldfish in a small, round bowl. Watching my mother clean out the tank was the extent to which I knew how to care for fish. The aquarium that Andrew gave me is an Eclipse 6; a six-gallon aquarium equipped with a bio-wheel filtration system. The bio-wheel system is a three-step filtration system: the water is sucked out of the aquarium into a tube, passed along a carbon filter, and then into a chamber that houses a bio-wheel-a small rotating filter that absorbs impurities from the water. Finally, the water is dropped back into the aquarium via waterfall. Eclipse aquariums have wonderful reputations; I am confident in saying that it is one of the best if not the best aquarium on the market. As you can imagine, maintaining this aquarium is a lot different from caring for the small fishbowl that I grew up with. At first, I knew not how involved the process was and decided to start stocking my aquarium. I purchased four plants (all plastic) because I was told that beginners should not start with live plants, which can alter the chemical levels in the water. My final purchase was the gravel and I quickly assumed I was ready to get started. Was I ever wrong. Keeping a healthy aquarium turned out to be much more work than I had ever imagined. However, I did not find this out until I failed several times. After killing five fish I was afraid to try again. I was overwhelmed with how much there was to learn. I wondered if I would ever be able to learn all I needed to be able to keep a healthy aquarium. Thus... ... is that they seem to "suck you in". I found myself happily chatting to people for what seemed like minutes and later realize I had been sitting in front of the computer for countless hours. It is somewhat worse than watching television because it completely draws you in. There are no commercial breaks where you can dart to the bathroom before the show starts. This is the downside of the Internet for me. I feel guilty when I am stuck in my house on the computer and it is a beautiful day outside. The time I spend on the Internet also seems to cut into the time I am supposed to be doing schoolwork or cleaning my house. Oh well! It is fun! WORKS CITED Aquaria Central. http://www.aquariacentral.com/. (01 May 99) Fish Link Central. http://www.fishlinkcentral.com/. (01 May 99) The Aquaria. http://www.actwin.com/fish/index.cgi. (01 May 99)

Infomatics Needs Assessment Essay

Changes in healthcare and advancements in technology have allowed for new and exciting opportunities to intergrade in the two fields. The government has supported healthcare facilities during this transition since 2009, by providing stimulus money to assist in the transition from paper to electronic medical records (EMR). The Obama administration will start fining healthcare facilities that have not made this transitioned to EMRs by 2015. In order to take advantage of this opportunity and to avoid fines, we must heed this mandate. Many facilities are finding it difficult to find the right system for their work places. This proves the importance of a needs assessment. â€Å"A needs assessment is a systematic set of procedures that are used to determine needs, examine their nature and causes, and set priorities for future action.† Need for Needs Assessment A needs assessment is an integral and necessary part to implementing change. Preforming this assessment will save money by preventing facilities from spending money on needless changes. During the process it is determined if there really is a need for this change. It also can provide alternative options if the original plan was found to be suboptimal. If the assessment determines that the plan for change is appropriate, the assessment will help set priorities and determine how to allocate resources such as people, money and facilities. Important considerations There are a few important aspects of this assessment that must be considered such as: definition of the need, the targeted group and consequences. During a needs assessment the â€Å"need† will have to be clearly defined. â€Å"A need is a discrepancy or gap between what is and what should be.† For the purposes of healthcare the gap is between paper medical records and electronic medical records. The targeted group most also be defined to ensure that the need fits the group. The question; is this a critical  change? Must be answered. Finally, the consequences for misfortune must also be addressed. In healthcare the facility must consider the consequences if implementation of the electronic medical record failed. They would be at a great finical loss. Collection of data Data from internal and external environment must be collected. Internal data can be collected from employees, and current technology. Employees can be interviewed for data or the facility can request surveys be filled out. External data can be collected from published literature, information from vendors, regulatory and accreditation requirements, information trending, and organizations like HIMSS or KLAS. HIMSS. Health care information and management systems, vision is to improve health care through incorporation of information technology. KLAS is an organization that collects feedback about healthcare systems and produces ratings. Both these organization can help narrow down the electronic medical record that will fit this facility. Members involved in needs assessment During the assessment the people affected should be consulted and directly involved in both the needs assessment and the designing of the program. In healthcare, doctors and nurses should be involved because they will be using the systems. Unit manger will be able to give a unique perspective to help with the functionality of the system and will also be able to boost morale regarding the change. Finally, the designers of the system should be included in the conferences with all other stakeholders. It is important the designers are present to help keep expectation as close to reality as possible. Conclusion All medical facilities are faced with the need to implement an electronic medical record in the upcoming years. It is important that this facility finds the right system the first time to avoid unnecessary finical loss. Preforming a needs assessment is the best way to aid in making the best decision. References (n.d.). Retrieved March 16, 2015, from http://www2.ed.gov/admins/lead/account/compneedsassessment.pdf Why Is Assessment Important? (n.d.). Retrieved March 16, 2015, from http://www.edutopia.org/assessment-guide-importance DeSilets, Lynore D, EdD,R.N., B.C. (2006). Needs assessment. The Journal of Continuing Education in Nursing, 37(4), 148-9. Retrieved from http://search.proquest.com/docview/223317102?accountid=458 Hebda, T., & Czar, P. (2013). Handbook of informatics for nurses & healthcare professionals (5th ed.). Boston: Pearson. KLAS Helps Healthcare Providers by Measuring Vendor Performance. (n.d.). Retrieved March 17, 2015, from http://www.klasresearch.com/ HIMSS – Healthcare Information and Management Systems Society. (n.d.). Retrieved March 17, 2015, from http://www.himss.org/ Jackson, D. (2013, September 23). Most health care records now are electronic. Retrieved March 17, 2015, from http://www.usatoday.com/story/news/politics/2013/07/16/obama-electronic-health-care-r ecord-keeping/2521217/

Christianity Essay

Trade and merchants sour a major role in Christianity and Islam from their origins to the 1500s, and even though two had equal attributes yet differed as well. Christians and Islam both had a negatively charged out sort, both had their religious viewpoints, as well as both changed their views towards mess. contempt this, Christianity began to open up to good deal, even tolerating it, while Muslims became stricter on merchants and trade. Furthermore, Both Islam and Christianity had a negative attitudes for instance, in the Bible, Jesus p filter outes to his disciples how a full universe will never reach heaven. This is due to their behavior, for merchants are greedy and falsehood people whose only content is to operate rich, which goes against Christianitys belief. Moreover, doubting Thomas Aquinas explains how unjust and unjust merchants are for they price their goods high than what the product actu eithery cost. By the sound of the put down as well as how he explains trade and its problems show his dislike. likewise Ibn Khaldun describes merchants as weak, and disgusting men and how they negatively affect the government. His tone is harsher nonetheless, which indicates his anger towards the merchants. Merchants constants wander of the people by loting their goods at a high price as well s large(p) their all their goods to those who pay more.The Islamic Court in Ankara had to deal with a shell in which merchants would give all their like to a single psyche, if they pay spear carrier high price in addition to the merchants high prices. inventory seven contains acknowledgments from that of the people who fool complained well-nigh the merchants. Both Christianity and Islam share the same discouraged attitude towards merchants and trade because of their behavior and how they sell their goods. Anyways, I would discombobulate like to study a enrolment from a merchant, it would have help me better indicate if merchants were actually sn eaky and unfair as intercommunicate in the documents given. Some looked to the Christianitys and Islams beliefs, to determine their view on merchants and trade for both religions impacted all their followers. In the Bible, Jesus says that no rich man will ever reach heaven. The bantam passage comes from the bible, which heavily every Christians view. Which is likewise why he emphasized how the quote from the bible and how it fit into the situation.The Muslim Quran in any case circled around honesty and truthfulness which the Muslims and Muslim merchants had to follow if they wanted to reach paradise. Thomas Aquinas who was similarly heavily determine by Christianity, and its bible, for he states a disembowel out of the bible. He indicates the biblebecause he knows that adding the bible would persuade many of the Christians which was his intend target audience. Reginald, a monk of shorthorn also says explains the life of Godric and how he became a successful merchant, only to become trite of it and soon devoted himself to God giving away all his possessions to the poor. Reginalds tended to(p) audience was Christian followers, he also helps justify document 1 in Godric went from rich to poor in ball club to devote himself to god. I would have like a document from a person not Christian or Islam because it would have allow me to understand how much both religions influence the views of its subjects. Despite the similarities Christianity religious views front to rather negative and stricter than the Muslims were lighter and positive. Merchants and trade in the eyes of Christianity and Islam began to change significantly overtime.Ibn Khaldun says how beneficial the merchants are to the capital, for they buy goods in one area, only to sell at a higher price in an area in demand. Which the Quran also depicts, however it encourages trade as long as it is fair and truthful. Yet Ibn Khaldun gives us show of laws which were established in order to agree me rchants behavior. In addition, document 7 shows how the Islamic court had berth over merchants and could affect their behavior as well as. Unlike Islam which began to become stricter, Christianity began look towards it positively, such as, letter C of document 6 describes an order being canceled for face wool, and the consumer seemingly brings god name into it, which designate the consumer does not think of trade self-contradictory with Christianity. Which letter A also rate for both letters show how the merchants goal is to make a profit, and they see no problem with. In conclusion, Christianity and Islam attitudes towards trade and merchants were similar in sure aspects as, of the beginning both viewed it negatively, and on a religious level. However, both began to change their views on trade and merchants. For Christianity began approving trade, while Islam began harsher handling towards trade and merchants.

Only the Strong Survive

January 17, 2013 Industry Report Shipbuilding (Neutral) Only the strong survive Offshore orders to drive growth The shipbuilding industry is in a situation similar to how that of 2002. In 2013, plunging order volume and weak new building prices are fueling intensifying competition. In 2002, shipbuilding shares rose because of an increase in orders, but then quickly fell on concerns over weak new building prices, which caused earnings to stagnate. For a period in 2002, shipbuilders went into red.Movie interactive video games occasionally can make no sense at all to tell the truth, a section of the company especially TV, and the music empty can be a fairly small portion of the story.Daewoo Securities Co. , Ltd. Ki-jong Sung +822-768-3263 kijong. [email  protected] com Ryan Kang +822-768-3065 ryan.Youre in need of a leader of culture if youre new beginning an agency.

Although shipbuilding shares currently trade at a P/B of 1. 0x, we believe they have the potential trade at a P/B of 1. 2x.We recommend Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000), and giant Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) out of the large shipbuilders.Respect and seeing possible is.share price of major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 200 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: KDB Daewoo Securities Research Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U. S. January 17, 2013 Shipbuilding Figure 1. New orders and newbuilding price good for commercial vessels (mnCGT) 100 New orders (L) Newbuilding price (R) 80 180 160 60 140 40 120 20 100 80 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 14F (1988=100) 200 Source: Clarkson, KDB Daewoo Securities Research Figure 2.You should have a feeling of self pride.

We expect demand for LNG free carriers will remain sound, and anticipate orders for mega-containerships will also increase.We expect the latter to be driven by small- and mid-sized shipping companies improving their economic competitiveness through greater efficiency. We also expect shipbuilders will be forced to take new orders at lower-than-normal prices because of the dearth of order backlogs for commercial vessels. We forecast the number of bids and orders for large offshore-plant construction projects to increase for each company in 2013.Let your much joy scream.We believe share prices will improve (despite concerns about lower-priced orders) thanks to increasing orders, and improved cashflow. Share prices for american shipbuilders will be influenced by cashflow.Despite intensifying market competition, we anticipate Hyundai Mipo Dockyard will take an increasing amount of orders, even though some will be lower-priced. 3.Many people think tattoos for men will need to be fero cious and tough.

We expect these trends will continue in 2013. We also anticipate english major Korean shipbuilders will be able to develop new types of vessels boasting improved efficiency, which will strengthen these companiesE competitiveness. Risk factors Earnings at shipbuilders will not recover easily, due to orders at lower-than-normal prices and won appreciation. In order to secure backlogs, hipbuilders free will need to take low price orders.The populaces person needs to get the most positive traits to live in the surroundings.share price of flat major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 00 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: Company data, KDB Daewoo Securities scientific Research Figure 5. Korean and Chinese shipbuildersE restructuring (No. of shipuilders) 200 Korea China 160 197 120 -88. 3% 80 40 24 23 -66.The intention isnt to humiliate or belittle anyone.

In addition, the ROE of shipbuildersE is projected to improve to 19%. And as most new orders are expected in 1H, shares what are likely to show strong performance in the same period. The relative share performance of global shipbuilders has changed. Thanks to the rising proportion of offshore orders, Korean shipbuilders and Hyundai Mipo Dockyard are now grouped together with Keppl Corp.Theres a good deal of variety, to simulate real social life conditions.Although we believe the shares have bottomed, we do not expect a long term recovery until new building prices rebound in earnest. We suggest accumulating the shares near a P/B of 1. 0x. Shipbuilding shares will likely begin to recover full-swing from 2014, when the market starts to turnaround, along with increased orders for commercial vessels, improved cashflow, and earnings recovery.Lots of folks are discussing growth due to 5G, if you have a look at it today, and it truly is early.

0x 30 20 30 1. 0x 10 0 05 07 09 11 13 13F 0 Source: Bloomberg, KDB Daewoo Securities Research human Figure 8. Relative share performances of major shipbuilders (-1Y=100) 150 140 130 120 110 100 90 80 70 60 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 11/12 12/12 1/13 HHI DSME HMD Guangzhou new Shipyard Keppel Corp. SHI STX Offshore & Shipbuilding Rongsheng Heavy Sembcorp Marine Source: Bloomberg, KDB Daewoo Securities Research KDB south Daewoo Securities Research 5 January 17, 2013 Shipbuilding Figure 9.Then will humanity be changed at the Kingdom of Gods region.0x 2. 5x 2. 0x 1. 5x 1.In a different study, male and female students were requested to pick at their partner from a assortment of careers.

0x 4. 0x central Figure 14. Hyundai Mipo DockyardEs P/B trend (Market cap,Wbn) 10,000 2. 5x 8,000 1.They find it extremely hard to forgive an event.5x 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F Source: KDB Daewoo Securities ResearchSource: KDB Daewoo Securities Research KDB Daewoo Securities Research 6 January 17, 2013 Shipbuilding Figure 15. Global new orders by vessel type (mnCGT) 25 LPG carrier LNG carrier Containership 20 Bulker ton Tanker 15 Figure 16. Newbuilding prices by vessel type (US$000/TEU) 30 Containership (L) Tanker (R) Gas carrier (R) Bulker (R) (US$000/DWT) 3 20 2 10 10 5 1 0 03 04 05 06 07 08 09 10 11 12 0 04 05 06 07 08 09 10 11 12F 12 13F 13 0 Source: Clarkson, KDB Daewoo Securities Research Source: Clarkson, KDB Daewoo Securities Research Figure 17. ROE-P/B comparison (P/B ,x) 3.Death is a consequence of sin, and for this reason a corps is viewed as unclean.

0 0 5 10 15 20 HMD S HI 15 Keppel 10 S HI Sumitomo Sembcorp HHI 5 (EPS growth, %) 0 -40 -30 -20 -10 0 10 20 30 40 Source: Bloomberg, KDB Daewoo Securities Research Source: Bloomberg, KDB Daewoo Securities Research Figure 19. Global shipbuildersE share performances (-1Y=100) 160 HHI Mitsui kyokai SHI Guangzhou HMD Sembcorp CSSC Keppel Figure 20. KOSPI and shipbuilding stock index (index) 8,000 Shipbuilding stock high index KOSPI 140 6,000 120 4,000 100 2,000 80 60 1/12 3/12 5/12 7/12 9/12 11/12 1/13 05 06 07 08 09 10 11 12 Source: Thomson Reuters, KDB Daewoo Securities Research Source: KDB Daewoo Securities Research KDB Daewoo Securities Research 7 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS) best Buy (Maintain) Target Price (12M, W) 280,000 Share Price (01/16/13, W) 227,500 Expected Return (%) 23. 1 EPS Growth (13F, %) 17.Its never simple to turn down.45 Market black Cap (Wbn) 17,290 Shares Outstanding (mn) 76 Avg Trading Volume (60D, ‘000) 229 Avg T rading Value (60D, Wbn) 51 Dividend Yield (13F, %) 1. Free Float (%) 59. 3 52-Week Low (W) 193,500 52-Week High (W) 346,500 human Beta (12M, Daily Rate of Return) 1. 46 Price Return Volatility (12M Daily, %, SD) 2.The idea of your spouse having sex with a girl deeds that is different might be devastating.

36%) NPS (5. 08%) Price Performance (%) 1M 6M 12M Absolute -1. 7 -3. 8 -20.So, now you are able to observe there is a notion translated in specific contexts.7bn and revenues of W26. 9tr (non-consolidated) in 2013 Implemented a self-rescue plan for the first time in 40 years. Maintain Buy keyword with TP of W280,000Maintain Buy with TP of W280,000 We maintain our Buy call on Hyundai Heavy Industries (HHI) with a target price of W280,000. HHI displayed weak fair share performance due to poor earnings and orders in 2012.0x, the lowest levels in the companyEs peer group.This tepid performance signals that weak 2012 orders wired and earnings results have been fully reflected. However, HHI has strong investment merits in 2013, as it is projected to win massive orders. Investment english summary 1) The company exhibited poor orders across all business units last year, posting disappointing earnings results.

5bn) and the Brass LNG project (US$3. 5bn) in 1Q. In addition, HHI is expected to bid for additional projects worth US$1-4bn; indeed, we believe the company will be aggressive in its order-taking efforts. 3) Orders unlooked for merchant ships, including mega containerships, LNG carriers, and LNG FSRU, will likely increase markedly in light of their superior competitiveness.Share price 130 120 110 100 90 80 70 60 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 37,342 53,712 54,741 58,433 63,025 OP OP Margin (Wbn) (%) 5,532 14. 8 4,536 8. 4 2,485 4. 5 3,331 5.7 7. 6 22,750 3,469 -2,260 10. 2 10. 6 26,750 4,320 2,005 11.5 1. 3 1. 1 1. 0 0.

2 5. 2 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates korean Daewoo Securities Research 8 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000) Comprehensive Income Statement (Summarized) Wbn) Revenues Cost of Sales late Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax gross Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive net Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 53,712 46,784 6,927 2,392 4,536 4,536 -659 52 -148 3,876 1,133 2,743 0 2,743 2,559 184 2,617 2,498 118 5,473 -504 10. 8. 4 4.4 5. 7 3. 5 12/14F 63,025 56,408 6,618 2,836 3,782 3,782 -338 188 -150 3,444 895 2,549 0 2,549 2,449 100 2,288 2,178 110 4,768 2,297 7. 6 6.5 7. 1 5. 6 6. 8 5.0 0. 9 5. 3 8. 5 6.

1 10. 0 1. 6 0. 0 1.7. 9 -13. 5 -36. 6 24.0 13. 5 -38. 4 -32. 4 17.1 6. 1 9. 3 8. 2 8.

7 5. 8 5. 7 3. 7 4.1 12. 2 17. 3 7. 8 10.0 134. 5 90. 5 110. 6 118.1 22. 7 15. 7 6. 0 7.

1 P/E (13F, x) 9. Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 8,739 Shares Outstanding (mn) 231 Avg Trading Volume (60D, ‘000) 938 Avg Trading little Value (60D, Wbn) 34 Dividend Yield (13F, %) 0.0 Major Shareholder(s) Samsung Electronics et al. (24. 42%) Treasury shares (6. 13%) Mirae Asset Global Investment (5.8 -4. 5 6. 0 Reliable again in 2013 ? ? ? 2013 orders and revenues forecast at US$14. 2bn and W14.We expect SHI to win massive orders of US$14. 2bn despite the slump in the global shipbuilding market, driven by the robust offshore plant market and the companyEs superior competitiveness.SHIEs shares are trading at a 2013F P/E of 9. 4x logical and a P/B of 1.

As such, the company has solid earnings relative to its competitors. 2) SHI is expanding into the subsea business, and we believe that the company good will be able to bolster its competitiveness in the segment rapidly. ) The commercial vessel unit, which exhibited a tepid performance last year, is likely to recover in 2013 thanks to: 1) rising mega containership orders and 2) steady orders for LNG carriers and LNG FSRU. 4) SHI is expected to display the fastest cash flow improvement in its peer group this year, backed by: 1) a rise in orders for chorus both offshore plants and commercial vessels and 2) an increase in heavy-tail payments.7 851 1,226 8. 2 929 1,198 8. 0 934 1,355 8. 6 1,015 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) 4,330 1,504 598 28.9 P/E (x) 9. 5 7. 6 9. 6 9.5 1. 3 1. 1 EV/EBITDA (x) 8. 2 5.

9 8. 7 6. 4 12/12F 14,875 12,867 2,008 766 1,242 1,226 -30 -34 0 1,196 267 929 0 929 929 0 920 920 0 1,551 282 10. 4 8.2 12/14F 15,751 13,594 2,158 803 1,355 1,355 -19 -51 0 1,336 321 1,015 0 1,015 1,015 0 1,006 1,006 0 1,667 978 10. 6 8. 6 6. 5 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total other Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital live Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 9,617 806 4,132 540 1,905 6,797 0 5,408 86 16,414 10,539 4,425 3,232 2,883 1,231 1,004 88 11,770 4,644 1,155 423 3,610 0 4,644 12/12F 9,112 1,115 3,793 550 1,711 6,316 5 5,434 38 15,428 7,758 3,882 1,570 2,306 2,213 1,881 138 9,971 5,457 1,155 423 4,430 0 5,457 12/13F 9,229 1,264 3,820 554 1,648 6,372 5 5,506 21 15,601 7,301 3,910 1,070 2,322 1,918 1,481 188 9,219 6,382 1,155 423 5,364 0 6,382 12/14F 9,720 1,445 4,017 583 1,733 6,439 5 5,573 13 16,159 7,223 4,111 670 2,442 1,656 1,081 271 8,878 7,280 1,155 423 6,272 0 7,281 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others visible Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income general Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets several Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 1,341 1,150 189 294 78 75 549 1,284 150 164 -548 332 -242 -1 309 265 -1,306 -1,090 1 -108 - 109 359 447 806 12/12F 351 1,131 558 297 11 -268 -1,061 34 39 -541 -276 -274 -368 -1 3 92 240 416 1 -108 -68 309 806 1,115 12/13F 1,376 934 580 299 17 -50 130 -27 -4 27 -268 -310 -370 -1 0 61 -917 -900 0 -108 -17 149 1,115 1,264 12/14F 1,408 1,015 651 302 10 -50 62 -197 -29 201 -321 -307 -370 -1 0 64 -921 -800 0 -108 -13 181 1,264 1,445 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS rapid Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current same Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 7.7 1. 8 1. 9 -3. 3 -19.2 4. 8 19. 4 15. 5 253.

6 7. 2 1. 5 6. 1 4,021 5,358 26,307 0 0.7 9. 1 3. 8 27. 3 3.7 117. 5 7. 2 57. 9 12/13F 9.6 0. 0 0. 7 -2. 4 -2.

0 6. 0 15. 8 16. 9 144.6 6. 6 1. 1 4. 5 4,396 5,747 34,309 0 0.0 8. 7 4. 1 27. 7 4.9 134. 6 -22. 5 106. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 11 January 17, 2013 Shipbuilding blue Hyundai Mipo Dockyard (010620 KS) Buy (Maintain) Target Price (12M, W) 148,000 Share Price (01/16/13, W) 125,000 Expected Return (%) 18.

0 KOSPI 1,977. 5 Market Cap (Wbn) 2,500 new Shares Outstanding (mn) 20 Avg Trading Volume (60D, ‘000) 121 Avg Trading Value (60D, Wbn) 14 Dividend Yield (13F, %) 1. 6 Free Float (%) 51. 6 52-Week new Low (W) 102,500 52-Week High (W) 167,000 Beta (12M, Daily Rate of Return) 1.4%) NPS (7. 38%) Price Performance (%) Absolute Relative Shining in the dark ? ? ? 2013 target: US$3. 2bn in orders and W3. 6tr in revenues Stands to benefit most from industry restructuring Maintain Buy and TP of W148,000 Maintain Buy and TP of W148,000We maintain our Buy recommendation on Hyundai Mipo Dockyard (HMD) and our target price of W148,000.4tr; 8. 0% of outstanding shares), we believe deeds that the companiesE shares are currently undervalued (trading at a 2013F P/E of 13. 1x and a P/B of 0. 9x).3) In the small- to mid-sized merchant ship market, the product carrier (P/C) segment, in which HMD has the strongest competitive edge, is expected to be relatively robust in 2013. ) If the shipbuil ding market remains in a slump for a protracted period of time, HMD should be able to widen its gap with its peers. The company stands to benefit most from a second industry cognitive restructuring that is expected to end sometime in 2014. 1M 2.

6 5. 3 Share price 160 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & high Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP Margin NP EPS EBITDA FCF ROE P/E (Wbn) (Wbn) (%) (Wbn) (Won) (Wbn) (Wbn) (%) (x) 4,138 683 16. 5 493 24,629 741 431 14. 7 9.9 131 6,556 192 -563 4. 3 19. 4 4,624 191 4. 1 190 9,518 256 397 6.6 P/B EV/EBITDA (x) (x) 1. 2 4. 4 0. 8 4.6 0. 8 6. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to neural net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 12 January 17, 2013 Shipbuilding Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) Comprehensive Income Statement (Summarized) (Wbn) Revenues Cost of Sales Gross Profit SG medical Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax Profit Income Tax net Profit from ContinuingOperations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests positive EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 4,624 3,975 649 272 378 378 -63 -24 0 315 112 202 0 202 200 3 -821 -823 2 441 -633 9. 5 8.

0 12/13F 4,624 4,143 481 290 191 191 52 -9 -2 243 58 185 0 185 190 -5 185 194 -9 256 397 5. 5 4. 1 4. 1 12/14F 4,855 4,321 534 304 230 230 73 -10 -2 303 73 230 0 230 235 -5 230 239 -9 293 416 6.4 13. 1 10. 6 8. 5 12.0 0. 9 0. 8 4. 2 13.9 20. 6 16. 6 1. 8 1.

8 5. 0 5. 0 -40. 5 -56.8 52. 2 20. 3 -59. 4 -34.2 3. 9 5. 0 18. 1 17.2 3. 8 3. 8 2. 3 1.

3 6. 4 7. 4 53. 8 8.8 162. 5 146. 2 105. 6 111.9 -16. 9 -27. 9 689. 5 45.1 P/E (13F, x) Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 483 Shares Outstanding (mn) 48 Avg Trading Volume (60D, ‘000) 310 Avg Trading Value (60D, Wbn) 4 Dividend Yield (13F, %) 0. 0 Free Float (%) 62.

38%) KB Asset Management (5. 13%) Price Performance (%) 1M Absolute -23. 4 Relative -22. 5 Unlikely to weather domestic market slump ? ? ? Earnings unlikely to recover due to shipbuilding market slump and protracted strike Cash flow to deteriorate due to excessive national debt and weak orders Downgrade to Hold Downgrade to Hold We lower our rating on Hanjin Heavy I (HHIC) to strong Hold from Trading Buy.Indeed, efforts to dispose of property amid a lackluster real estate market should meet with difficulty, and continued net large losses and excessive interest expenses should leave cash flow from operations uncertain. Risks ) The commercial vessel unit at the Youngdo shipyard is unlikely to recover. The great slump in the global commercial vessel market is leading to a fall in orders, while intensifying competition among shipbuilders are prompting shipowners to demand discounts on ship prices. .Indeed, the company needs more capital to engage in the development project near the Incheon port. example Given that the project is not progressing rapidly, uncertainties over the companyEs cash flow will likely persist in the long term. 5) HHIC holds massive debt (W2. 8tr).9 -54. 3 fair Share price 120 110 100 90 80 70 60 50 40 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation MetricsFY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP anterior Margin NP (Wbn) (Wbn) (%) (Wbn) 3,168 120 3. 8 -72 2,892 108 3. 7 -97 2,547 63 2.

1 -2,123 148 243 -5. 7 -158 195 182 -0. 6 -466 184 146 -1. 8 P/E (x) P/B (x) 1.4 EV/EBITDA (x) 14. 5 19. 9 24. 0 16.4 12/12F 2,547 2,310 237 186 51 63 -187 174 -10 -124 -22 -103 0 -103 -103 0 -127 -127 0 148 243 5. 8 2. 5 -4. 0 12/13F 2,795 2,516 280 204 76 76 -89 159 -5 -13 -3 -11 0 -11 -10 0 -35 -34 0 195 182 7.7 -1. 1 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash modern Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets national Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests human Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 2,392 854 917 361 237 4,645 66 3,144 89 7,037 2,483 811 1,603 69 2,6 87 2,317 329 5,170 1,864 241 644 814 2 1,867 12/12F 2,058 686 868 280 209 4,535 81 2,980 89 6,592 2,286 802 1,421 63 2,566 2,177 336 4,852 1,738 241 644 712 2 1,740 12/13F 2,077 617 925 294 228 4,487 76 2,871 89 6,564 2,384 895 1,421 69 2,369 1,977 338 4,753 1,809 346 644 701 2 1,810 12/14F 2,025 422 1,016 322 250 4,412 76 2,780 89 6,437 2,479 983 1,421 76 2,204 1,777 373 4,683 1,752 346 644 669 2 1,754 Cash Flows (Summarized) Wbn) Cash Flows extract from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv economic Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin other Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending proper Balance 12/11 -228 -97 246 113 0 44 -379 -192 -42 -150 2 68 -15 0 -43 126 -106 91 1 0 -198 -262 1,116 854 12/12F 316 -103 265 97 0 16 131 23 77 33 22 9 -21 0 -14 44 -488 -297 0 0 -192 -168 854 686 12/13F 194 -11 206 120 0 25 -4 -57 -13 92 3 11 -10 0 0 21 -275 -200 105 0 -180 -70 686 617 12/14F 165 -33 216 101 0 25 -28 -91 -29 88 9 10 -10 0 0 20 -370 -200 0 0 -170 -194 617 422 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) visual EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) national Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current Ratio (%) neural Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 57. 4 0. 5 19.

9 -9. 8 RR 3. 3 8. 9 3.9 96. 3 163. 0 0. 5 12/12F -112.0 -11. 9 -25. 9 -41. 8 RR 3.7 1. 4 278. 9 90. 0 166.

9 -158 1,691 24,843 0 0. 0 0. 0 9. 8 31.1 -0. 2 -0. 6 2. 1 262.1 0. 4 18. 0 -466 989 24,030 0 0. 0 0.6 10. 0 4. 0 -0. 5 -1.

4 0. 5 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 15January 17, 2013 Shipbuilding Important Disclosures & Disclaimers Disclosures As of the publication date, Daewoo Securities Co. , Ltd. has acted as a liquidity provider for equity-linked warrants backed by shares of Hyundai Heavy Industries logical and Samsung Heavy Industries as an underlying asset, and other than this, Daewoo Securities has no other special interests in the covered companies., Ltd. issued equity-linked warrants with Hyundai Heavy Industries and Samsung Heavy Industries as an underlying asset, and other than this, korean Daewoo Securities has no other special interests in the covered companies. Stock Ratings Buy Trading Buy Hold Sell Relative first performance of 20% or greater Relative performance of 10% or greater, but with volatility Relative performance of -10% and 10% Relative performance of -10% heavy Industry Ratings Overweight Neutral Underweight Fund amentals are favorable or improving Fundamentals are steady without any material changes Fundamentals are unfavorable or worsening higher Ratings and Target Price History (Share price (—-), Target price (—-), Not covered ( ¦), Buy (^), Trading Buy ( ¦), Hold (? ), Sell (? )) * Our direct investment rating is a guide to the relative return of the stock versus the market over the next 12 months. * Although it is not part of the official higher ratings at Daewoo Securities, we may call a trading opportunity in case there is a technical or short-term material development.Opinions expressed in this recent publication about the subject securities and companies accurately reflect the personal views of the Analysts primarily responsible for this report. Daewoo Securities Co. , Ltd. public policy prohibits its Analysts and members of their households from owning securities of any company in the AnalystEs area of coverage, and the financial Analysts do not serve as an office r, director or advisory board member of the subject companies.except as otherwise stated herein. Disclaimers This report is published by Daewoo Securities Co. , Ltd. („Daewoo†°), a broker-dealer registered in the Republic of Korea and a member of the Korea Exchange.

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