Solutions to the Church Music Controversy Essay -- Music

Answers for the Church Music Controversy There are a wide range of approaches holy places are taking to illuminate the questionable issue of the utilization of instrumental backup to singing and contemporary methods of adoring in holy places. Contemporary houses of worship are empowering the utilization, though conventional places of worship are lecturing against the utilization and are teaching the individuals of their temples with what God and the Bible state about music. A few houses of worship that utilization instruments in their administrations are holding various administrations for various kinds of crowds, similar to one for the older that will utilize the more customary tunes and psalms, and afterward another for the adolescent, or separated, or the single individuals, or the wedded. At that point there are the individuals who state this ought not be something places of worship ought to try and be contending about, and that there are more terrible things occurring in the congregation that ought to be centered aroun d disposing of. In the article, â€Å"Churches Use Hip-Hop to Draw Teens† of the Rockford Register Star, columnist Edith Webster composes from a meeting with serve Ralph Hawthorne, chief of Let’s Talk It Out; which was a piece of the ‘Summer Showcase 2003’ program in Rockford, Illinois, â€Å" ‘Summer Showcase 2003’ incorporates free food, giveaways, a manikin appear and an assortment of gospel music for the whole family, yet the youngsters will in all likelihood be all into the gospel rap. ‘There is an age of individuals who are unreached,’ said serve Ralph Hawthorne,’ † and to legitimize his activities he asserts, â€Å" ‘To get the gospel out and to be significant, we have to not change the message yet perhaps change the method’ † (Webster). Expecting this is the manner by which God needs His message to be instructed, I think there exists a huge measure of wrong along these lines of think... ...Works Cited Deville, Nancy. Gospel Singing at Mass is Break from Tradition. The Tennessee [Nashville, TN] 24 Jul. 2003: M1. InfoTrac Custom Newspapers. TexShare. Mary and Jeff Bell Library, Texas A&M University-Corpus Christi. 29 Oct. 2003. Furr, Joe E. Working Around Tradition.17 Nov. 2003. Christian Homesite. 29 Oct. 2003 . Smith, James B. Rich Mullins His Life and Legacy: an Arrow Pointing to Heaven. Nashville: Broadman and Holman, 2000. Webster, Edith C. Temples Use Hip-Hop to Draw Teens. Rockford Register Star 2 Aug. 2003: 6C. InfoTrac Custom Newspapers. TexShare. Mary and Jeff Bell Library, Texas A&M University-Corpus Christi. 29 Oct.2003. Zondervan Study Bible: New International Version. Fabulous Rapids, MI: Zondervan, 1985, 1999, 2002.

Privatisation Essay Example | Topics and Well Written Essays - 2000 words

Privatization - Essay Example Changes in proprietorship are most legitimately connected with changes in charge. (Commission on Public Private Partnerships, 2001) on a basic level, privatization programs include a blurring in charge applied by the state and a move of control to private speculators. It is this part of privatization that is the most critical to East European nations that think about the avoidance of state control as an essential objective. Money Private capital parts have not been a fundamental establishment of subsidizing of privatized adventures. Charges such that open segment resources were sold excessively modestly are essentially inconsequential. Data Privatization plans have advanced the specific ID of the open great parts of state adventures. Execution has discernibly improved where rivalry has been presented. The UK privatization plan frequently neglected to make out open doors for starting rivalry. Substitute rivalry through standard correlations is a poor substitute for real rivalry. In any case, even where rivalry has been confined or missing there have been earth shattering improvements in effectiveness. The data communicated by securities exchange costs has been noteworthy in watching execution and creating administrative motivators. Control Speculation markets have applied humble authority over privatized associations either by methods for the danger of intrusion or indebtedness. The intensity of both country and exchange bunches has been extensively abbreviated by privatization. The controller has supplanted the state as the one most winning outside structure. Administrative control is useless, fruitless, and nonsensically expensive. More than most recent ten years the plan of privatization in England has changed both the figure and the... Private capital segments have not been a basic establishment of financing of privatized adventures. Charges such that open segment resources were sold excessively reasonably are essentially trivial. Privatization plans have advanced the specific distinguishing proof of the open great parts of state adventures. Execution has recognizably improved where rivalry has been presented. The UK privatization plan regularly neglected to make out open doors for beginning rivalry. Substitute rivalry through standard correlations is a poor substitute for genuine rivalry. By and by, even where rivalry has been confined or missing there have been earth shattering upgrades in proficiency. The data communicated by financial exchange costs has been huge in watching execution and creating administrative motivations. Speculation markets have applied minute command over privatized associations either by methods for the danger of attack or indebtedness. The intensity of both country and exchange bunches h as been extensively abbreviated by privatization. The controller has supplanted the state as the one most winning outer system. More than most recent ten years the motivation of privatization in England has changed both the figure and the personality of the open undertaking division. As the motivations and motivators of these techniques have been both numerous and evolving in the long run, an essential concern has related to the viability of open associations.

Book Riots Deals of the Day for October 28th, 2019

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Battle of York in the War of 1812

The Battle of York was fought April 27, 1813, during the War of 1812 (1812-1815). In 1813, American commanders around Lake Ontario elected to move against York (present-day Toronto), the capital of Upper Canada. Though lacking in strategic value, York presented an easier target than the main British base on the lake at Kingston. Landing on April 27, American forces were able to overwhelm Yorks defenders and captured the town, though promising young commander Brigadier General Zebulon Pike was lost in the process. In the wake of the battle, American troops looted and burned the town. Background In the wake of the failed campaigns of 1812, newly re-elected President James Madison was forced to reassess the strategic situation along the Canadian border. As a result, it was decided to focus American efforts for 1813 on achieving victory on Lake Ontario and the Niagara frontier. Success on this front also required control of the lake. To this end, Captain Isaac Chauncey had been dispatched to Sackets Harbor, NY in 1812 for the purpose of constructing a fleet on Lake Ontario. It was believed that victory in and around Lake Ontario would cut off Upper Canada and open the way for an attack on Montreal. In preparation for the main American push at Lake Ontario, Major General Henry Dearborn was ordered to position 3,000 men at Buffalo for a strike against Forts Erie and George as well as 4,000 men at Sackets Harbor. This second force was to attack Kingston at the upper outlet of the lake. Success on both fronts would sever the lake from Lake Erie and the St. Lawrence River. At Sackets Harbor, Chauncey had rapidly constructed a fleet that had wrested naval superiority away from the British. Meeting at Sackets Harbor, Dearborn and Chauncey began to have misgivings about the Kingston operation despite the fact that the objective was only thirty miles away. While Chauncey fretted about possible ice around Kingston, Dearborn was concerned about the size of the British garrison. Instead of striking at Kingston, the two commanders instead elected to conduct a raid against York, Ontario (present-day Toronto). Though of minimal strategic value, York was the capital of Upper Canada and Chauncey had intelligence that two brigs were under construction there. Battle of York Conflict: War of 1812Dates: April 27, 1813Armies Commanders:AmericansMajor General Henry DearbornBrigadier General Zebulon PikeCommodore Isaac Chauncey1,700 men, 14 shipsBritishMajor General Roger Hale Sheaffe700 regulars, militia, and Native AmericansCasualties:Americans: 55 killed, 265 woundedBritish: 82 killed, 112 wounded, 274 captured, 7 missing The Americans Land Departing on April 25, Chaunceys ships carried Dearborns troops across the lake to York. The town itself was defended by a fort on the west side as well as a nearby Government House Battery mounting two guns. Further west was the small Western Battery which possessed two 18-pdr guns. At the time of the American attack, the lieutenant governor of Upper Canada, Major General Roger Hale Sheaffe was in York to conduct business. The victor of the Battle of Queenston Heights, Sheaffe possessed three companies of regulars, as well as around 300 militia and as many as 100 Native Americans. Having crossed the lake, American forces began landing approximately three miles west of York on April 27. A reluctant, hands-off commander, Dearborn delegated operational control Brigadier General Zebulon Pike. A famed explorer who had traversed the American West, Pikes first wave was led by Major Benjamin Forsyth and a company of the 1st US Rifle Regiment. Coming ashore, his men were met by intense fire from a group of Native Americans under James Givins. Sheaffe ordered a company of the Glengarry Light Infantry to support Givins, but they became lost after leaving town. Map of the Battle of York.   Public Domain Fighting Ashore Outflanking Givins, the Americans were able to secure the beachhead with the assistance of Chaunceys guns. Landing with three more companies, Pike began forming his men when they were attacked by the grenadier company of the 8th Regiment of Foot. Outnumbering their attackers, who launched a bayonet charge, they repelled the assault and inflicted heavy losses. Reinforcing his command, Pike began advancing by platoons towards the town. His advance was supported by two 6-pdr guns while Chaunceys ships began a bombardment of the fort and Government House Battery. Directing his men to block the Americans, Sheaffe found that his forces were being steadily driven back. An attempt was made to rally around the Western Battery, but this position collapsed following the accidental detonation of the batterys travelling magazine. Falling back to a ravine near the fort, the British regulars joined with the militia to make a stand. Outnumbered on land and taking fire from the water, Sheaffes resolve gave way and he concluded that the battle was lost. Instructing the militia to make the best terms possible with the Americans, Sheaffe and regulars retreated east, burning the shipyard as they departed. As the withdrawal began, Captain Tito LeLià ¨vre was sent to blow up the forts magazine to prevent its capture. Unaware that the British were departing, Pike was preparing to assault the fort. He was approximately 200 yards away interrogating a prisoner when LeLià ¨vre detonated the magazine. In the resulting explosion, Pikes prisoner was killed instantly by debris while the general was mortally wounded in the head and shoulder. In addition, 38 Americans were killed and over 200 wounded. With Pike dead, Colonel Cromwell Pearce took command and re-formed the American forces. A Breakdown of Discipline Learning that the British wished to surrender, Pearce sent Lieutenant Colonel George Mitchell and Major William King to negotiate. As talks began, the Americans were annoyed at having to deal with the militia rather than Sheaffe and the situation worsened when it became clear that the shipyard was burning. As talks moved forward, the British wounded were gathered in the fort and largely left unattended as Sheaffe had taken the surgeons. That night the situation deteriorated with American soldiers vandalizing and looting the town, despite earlier orders from Pike to respect private property. In the days fighting, the American force lost 55 killed and 265 wounded, mostly as a result of the magazine explosion. British losses totaled 82 killed, 112 wounded, and 274 captured. The next day, Dearborn and Chauncey came ashore. After prolonged talks, a surrender agreement was produced on April 28 and the remaining British forces paroled. While war material was confiscated, Dearborn ordered the 21st Regiment into the town to maintain order. Searching the shipyard, Chaunceys sailors were able to refloat the aged schooner Duke of Gloucester, but were unable to salvage the sloop of war Sir Isaac Brock which had been under construction. Despite the ratification of the surrender terms, the situation in York did not improve and soldiers continued to loot private homes, as well as public buildings such as the town library and St. James Church. The situation came to a head when the Parliament buildings burned. Aftermath On April 30, Dearborn returned control to the local authorities and ordered his men to re-embark. Before doing so, he ordered other government and military buildings in the town, including the Governors Residence, deliberately burned. Due to foul winds, the American force unable to depart the harbor until May 8. Though a victory for American forces, the attack on York cost them a promising commander and did little to alter the strategic situation on Lake Ontario. The looting and burning of the town led to calls for revenge across Upper Canada and set the precedent for subsequent burnings, including that of Washington, DC in 1814.

Is Capital Punishment Right or Wrong - 870 Words

Is Capital Punishment Right or Wrong? One might say capital punishment is morally wrong and inhumane; I strongly disagree with this statement. The crimes committed by prisoners such as multiple aggravated murders, serial rapists, and brutal child molestations is malicious and cold-hearted. These actions deserve like punishments in return. People who do those things have no purpose of being part of mainstream society. Bringing justice and closure to the victim’s family, deterrence of crime, and prison population reduction are reasons why capital punishment is necessary. Death penalty opponents will argue capital punishment is a form of revenge. This is no where near the truth. Fredrick Romano said in a case where Steven Oken†¦show more content†¦In rebuttal, opposition would say the amount crimes decreases is not at all significant. This could not be farther from the truth. Numerous studies have shown that â€Å"between three to eighteen lives would be saved by execution of each convicted killer† (Tanner). Saving those that many lives is worth the execution of one, no doubt about it. Putting the innocent people at risk is a high price to pay for protecting a criminal from punishment they deserve. These pieces of evidence back up the fact that the death penalty ultimately provides better public safety. As well as holding offenders responsible for the crimes they committed, and not by any other judgement. Martin Luther King, Jr. expressed the idea in which we â€Å"judge not by the color of skin, but by the content of their character†. Capital punishment is an effective way to tell possible lawbreakers these crimes will not be tolerated and will be punished to the harshest extent. The prison crowding in the states is off the roof; California has a total of 150,000 currently incarcerated. This is causing an major effect on the prison health care systems, the prisoners, and the policemen on duty. The conditions were so ba d they actually deemed them unconstitutional and also stated they â€Å"caused one unnecessary death a week† (Montopoli,Show MoreRelatedCapital Punishment: Is It Right or Wrong?883 Words   |  4 PagesAt first thought it may seem that capital punishment is the right thing to do. But what most people don’t realize is that it is injustice and wrong. Capital punishment has been around since the middle ages and is used today to kill people who commit crimes it varies from state to state but one of the main crimes to receive the death penalty is murder. Also the U.S.A. has used capital punishment from it’s beginning it started with hanging and it’s changed over the years there have been many differentRead MoreCapital Punishment: Right or Wrong? Essay1837 Words   |  8 PagesCapital Punishment: Right or Wrong? All punishment is based on the same simple truth: there must be a penalty for wrongdoing. In order for there to be punishment, there must be both a wrongdoer and an authority to inflict the penalty. In a family, when you break a rule, the punishment is handed out by the parents. In society, punishment for crime is carried out by a criminal justice system (police, courts, and prisons). In both systems, one solid rule of thumb can be derived: if youRead MoreCapital Punishment1534 Words   |  7 PagesThe death penalty has been around for many centuries and will probably be around for many to come. Although some citizens feel capital punishment is ethically wrong, it is necessary in today s society for various reasons. Society must be kept safe from the barbaric acts of murders and rapist, by taking away their lives to function and perform in our society. Most criminals don t take into account the results of their actions. If a person intending to commit a crime, sees another criminal put toRead MoreCapital Punishment and its Controversies 1434 Words   |  6 PagesCapital punishment uses death penalty as a form of punishment in many states and countries. It is a practice that has raised endless questions all over the world. Capital punishment or death penalty policy has changed in many countries overtime. Countries such as, New Australia, Zealand and 15 states in the US do not have capital punishment. One of the major concerns arising with capital punishment is because it causes ending of a human life. People and organizations of different backgrounds areRead More Capital Punishment Essay - Justice in Retribution1470 Words   |  6 PagesCapital Punishment: Justice in Retribution       The American government operates in the fashion of an indirect democracy. Citizens live under a social contract whereby individuals agree to forfeit certain rights for the good of the whole. Punishments for crimes against the state are carried out via due process, guaranteed by the Fourteenth Amendment. The use of capital punishment is decided by the state, which is legal in thirty-seven states. It is a moral imperative to protect the states rightsRead MoreThe Issue Of Capital Punishment Essay1411 Words   |  6 PagesIssues with Capital Punishment Capital punishment, also known as death penalty is a legal procedure in which a state executes a person for crimes he/she has committed. This punishment has been implemented by many states and used for barbaric crimes, especially murder. It is also used on crimes against the state such as treason, crimes against humanity and violent crimes. There are mixed reactions on capital punishment depending on one’s faith. In my view, I am not in favor of capital punishment as I stronglyRead MoreAnalyzing Capital Punishment817 Words   |  3 PagesCAPITAL PUNISHMENT In this paper I’m going to talk about Capital Punishment and the numerous ideas, thoughts, views and opinions people have about it and how they feel about this type of punishment. There are people who see capital punishment as morally wrong and committing a murder or on the side of the spectrum people see it as the right thing to do and believe that the individual receiving the punishment deserves it. I will also talk about how capital punishment can be used as a deterrent andRead MoreAristotle Mill on Capital Punishment1322 Words   |  6 PagesAristotle amp; Mill’s Opinion on Capital Punishment Brianna Lelli Hugh Miller Paper #2 Topic #4 October 17th 2011 Capital Punishment is a moral controversy in today’s society. It is the judicial execution of criminals judged guilty of capital offenses by the state, or in other words, the death penalty. The first established death penalty laws can date back to the Eighteenth Century B.C. and the ethical debates towards this issue have existed just as long. There is a constantRead MoreCapital Punishment : A Form Of Legal Punishment Essay1672 Words   |  7 PagesCapital punishment implies that the criminal is sentenced to death as a punishment for their crimes. Prima facie, it appears to be the most just punishment and solution to crimes that demand such severity of punishment in proportion to the offense. However, the reason why it is a moot point and a debatable issue is because ethicists see both sides of the story and there are numerous ethical issues involved with institutionalizing capital punishment. To understand the debate on capital punishmentRead MoreTwo Wrongs Dont Make a Right? Essay898 Words   |  4 PagesTwo Wrongs Dont Make a Right? David Todd Eng. 102 Arnett Essay #5 The question of whether capital punishment is right or wrong is a truly tough choice to make. Capital punishment (death penalty) is legal because the government of the United States of America says that it is all right to execute another human being if their crimes are not punishable by other means. There are many different forms of capital punishment. Some of the most popular ones have been hanging, firing

General Cargo Ship Free Essays

Defining a general cargo ship The term â€Å"general (multipurpose) cargo ships† covers many different ship designs that do not fi t into other more specialised cargo ship types. Thus, general cargo ships are not specialised for transport of only dry bulks, only containers or only heavy-lift cargoes, but they have flexibility to carry any of these cargo types. General cargo ships are the world’s most numerous ship types, excepting fishing vessels. We will write a custom essay sample on General Cargo Ship or any similar topic only for you Order Now Thus, in the year 2002 their share in the overall world merchant fleet amounted to about 37% in numbers and to about 11% in dwt. The average deadweight of the world fleet of general cargo ships is about 5600 dwt. Larger vessels, up to about 30000 dwt are intended to carry break-bulk cargo (bagged, boxed and palletised cargo) or containers, while small general cargo ships, usually below 5000 dwt are mostly found as flexible solutions for many dry-cargo types in shortsea shipping. The concern for structural safety of general cargo ships follows from the fact that during the period from 1995 to 2000 approximately 90 losses of these ships per year occurred, which in other words means one ship every 4 days, with 170 fatalities per year. Even 42% of losses of all merchant ships belong to general cargo ships and similar percentage is valid also for fatality experience. Despite these figures, general cargo ships are not considered in publicity as risky ships, probably because general cargo ship accidents are not as spectacular as for example accidents of oil tankers Erika or Prestige . There are several reasons for poor statistical records of general cargo ships. Ship ages, inappropriate maintenance, poor quality in operation of these ships and defi ciencies in design are some of the main causes of a large number of accidents. Smaller general cargo ships are particularly vulnerable to collision and grounding accidents because of their frequent operation in inland waterways and coastal waters. The general cargo ship consists of as large a clear open cargo-carrying space as possible, together with the facilities required for loading and unloading the cargo. Access to the cargo storage areas or holds is provided by openings in the deck called hatches. Hatches are made as large as strength considerations will allow to reduce horizontal movement of cargo within the ship. Hatch covers of wood or steel, as in most modern ships, are used to close the hatch openings when the ship is at sea. The hatch covers are made watertight and lie upon coamings around the hatch which are set some distance from the upper or weather deck to reduce the risk of flooding in heavy seas. One or more separate decks are fitted in the cargo holds and are known as tween decks. Greater flexibility in loading and unloading, together with cargo segregation and improved stability, are possible using the tween deck spaces. Various combinations of derricks, winches and deck cranes are used for the Handling of cargo. How to cite General Cargo Ship, Essay examples

Investment Portfolio Management Market Place Exhibit

Question: Describe about the Investment Portfolio Management for Market Place Exhibit. Answer: 1. Identification and outlining of the main asset classes we talk about the investment and outlining of a characteristic of each asset class in regards to investment purposes. Asset class signifies the financial instruments that behave similarly in marketplace. Exhibit to different main asset class they are outlined as securities, equities, and fixed income. Equities- It generates higher returns in the long term than other type of investment and help meeting longer objectives. Here the value fluctuates thereby increasing and decreasing the fund prices[1]. Fixed Income- These are usually loans that are taken out by government or company paying at fixed interest rate over an assigned period of time. The investors get a more predictable income offer after comparing to riskier asset classes like equities. Securities- This is a traditional economic function of the purchase and receives income and achieving capital gain. It offers higher rate of interest than bank deposits. Here the interest payment gets missed and creditors take control of the company to recover the investment. 2. Meaning of Capital and Income and an example of each. Capital is defined as the assets that trustees receive with the initiation of the trust like land, property investment and cash. Whereas as capital investment is the fund invested in a firm or enterprise in order to strength the objectives of the business. For example capital is purchased to help a company produce goods or service providing like goods including buildings, furniture, equipment machines and fixtures[2]. Income is the regular return that has a rise on a capital asset. Income investing aims to pick companies who render steady stream commonly the fixed income securities such as bonds. For example profits on trading activities, dividend paid by company, etc. 3. Identification and explanation of the various costs, fees and charges that an investor would be subjected to when buying and selling investments through a managed fund investment. There is regular charging in fund holding and these ongoing charges pay the running of fund. 4. Explanation of what is meant by diversification within asset classes and provide an example. Diversification reduces risk through investing broad range of assets. Multi manager funds work and achieve diversification using the benefit that exist asset classes. It is typically confined with allocation of capital within those asset classes and involves distribution of assets and reduces risks within each asset class[3]. It is also a process focused on the return and risk characteristic of individual securities. This is irrespective of how the return correlate with each other. An example to show diversification working within asset classes is a long short equity fund with that to long cyclical stocks. Here funds go short as well as long and look for the benefit from share prices. 5. The main Derivative Contracts traded in Australia. Interest rate swaps are a standout amongst the most generally exchanged subordinate items in the Australian monetary business sector with over $10 trillion in notional worth executed in 2013. ASX's deliverable swap fates (DSF) contracts are an inventive arrangement of items firmly coordinating the qualities of OTC financing cost swaps. References DeFusco, Richard Armand, Quantitative Investment Analysis (Wiley, 2007). Levy, Haim, Stochastic Dominance (Springer, 2006)

Marketing Research and Consulting Firms that Specialize in Branding Essay Example

Marketing Research and Consulting Firms that Specialize in Branding Essay Marketing Research and Consulting Firms Nowadays brand is crucial to the commercial success of a company this is why many firms demand a market research and consulting concerning branding of possibly higher quality. Naturally, in such a situation many companies specializing in this area have appeared in recent years. Decision Analyst and Frost and Sullivan may be singled out among these groups. Speaking of Frost and Sullivan, it is possible to say that the company provides its customers with a profound market research and consulting in different marketing related areas. In fact, the company pays particular attention to the extensive use of innovations in their research programs, and it continually enlarges its partnership programs. It is very important that Frost and Sullivan provide its customers not only with a high quality marketing research that helps company to be prepared for entering the market, being able to analyse the results of frost and Sullivan’s research, but it also consult its customers largely that naturally contributes to the perspective of the growth of companies that use its services. We will write a custom essay sample on Marketing Research and Consulting Firms that Specialize in Branding specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Marketing Research and Consulting Firms that Specialize in Branding specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Marketing Research and Consulting Firms that Specialize in Branding specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also, it should be pointed out that Frost and Sullivan cover different industries with their marketing research and consulting that make their services accessible from different countries but it should be said that the company is mainly focused on Asian, Asian Pacific, Chinese, European, and Latin American markets. Furthermore, Frost and Sullivan regularly provide pieces of training that are very helpful for customers, and it also informs theirs about recent events that naturally provide the customers with higher opportunities to receive essential and useful information any time they need. As for Decision Analyst, it is also another quite successful company specialized in marketing research and consulting in branding. This group may be characterized by a high quality of its services since it provides its clients with efficient marketing research and is ready to ask its customers on the questions concerning market analysis and branding. It is crucial that it has a well-developed research program but what is probably even more important nowadays is the fact that Decision Analyst, precisely like Frost and Sullivan, amply uses innovations in their marketing research and consulting concerning branding. The latter fact is particularly important because the world economy and markets are continually progressing and to remain competitive in its segment of the market, it is necessary to implement innovations widely. Otherwise, customers would prefer more advanced company. Also, it is necessary to underline that the company supplies its customers with free statistics software that naturally is not sufficient but still may be very helpful for any business. Furthermore, the company, in this respect being similar to Frost and Sullivan, keeps its customers informed continuously about recent events that are also very useful. Thus, taking into account all above mentioned, it is possible to conclude that both companies, Frost and Sullivan and Decision Analyst, specialize in marketing research and consulting concerning branding. These companies may be considered to be quite satisfied and covering different industries in different countries of the world that makes their services accessible and useful for an increasingly large number of clients. If you need professional Marketing research report writing help from experts, visit this website: .

Free Essays on Major Molineux

of Bob Dylan, â€Å" These times, they are changing,† a symbolic message, echoes in the form of a relationship between the self and the world of a reality created by the eyes of the beholder. This reality of perception, manifested by the individual, is constantly evolving through experience, self-enlightenment, and the acquiring of knowledge. The poet and author Nathaniel Hawthorne illustrates these natural truths in the outward appearance of a short story titled â€Å" My Kinsman, Major Molineux.† Within the contents of this tale, a young lad named Robin sets off from his home in the country, on a journey to the little metropolis of a New England colony in search of his uncle Major Molineux. Robin’s intentions are to fulfill a past year’s promise given by his affluent uncle to come and live with him in the city. With a scant amount of wages given to him by his father, and the tattered articles of clothing on his back, this youth optimistically ventures on the road of self-discovery. Through several encounters with the local inhabitance, Robin’s black and white perceptions of the world around him, begin to blend into gray, as he starts to question the very basis of his understanding, stemming from what his uncle had told him just one year earlier. This transition involves the abandoning of the preset notions of adolescence in exchange for the knowledge that one gains through their own experiences. In Robin’s case, these experiences open his eyes to what kind of man ! his uncle really is. Delving further into the inquisition of these natural truths, one must examine their underlying effects on the central characters of the story to understand how the changes of one’s reality are at a constant rate. The character of Major Molineux represents an ego trapped within a self-indulged idealism. He refuses to adaptively change to the world around him, maintaining an out of date mode of thinking. At ... Free Essays on Major Molineux Free Essays on Major Molineux In the immortal words of Bob Dylan, â€Å" These times, they are changing,† a symbolic message, echoes in the form of a relationship between the self and the world of a reality created by the eyes of the beholder. This reality of perception, manifested by the individual, is constantly evolving through experience, self-enlightenment, and the acquiring of knowledge. The poet and author Nathaniel Hawthorne illustrates these natural truths in the outward appearance of a short story titled â€Å" My Kinsman, Major Molineux.† Within the contents of this tale, a young lad named Robin sets off from his home in the country, on a journey to the little metropolis of a New England colony in search of his uncle Major Molineux. Robin’s intentions are to fulfill a past year’s promise given by his affluent uncle to come and live with him in the city. With a scant amount of wages given to him by his father, and the tattered articles of clothing on his back, this youth optimistically ventures on the road of self-discovery. Through several encounters with the local inhabitance, Robin’s black and white perceptions of the world around him, begin to blend into gray, as he starts to question the very basis of his understanding, stemming from what his uncle had told him just one year earlier. This transition involves the abandoning of the preset notions of adolescence in exchange for the knowledge that one gains through their own experiences. In Robin’s case, these experiences open his eyes to what kind of man ! his uncle really is. Delving further into the inquisition of these natural truths, one must examine their underlying effects on the central characters of the story to understand how the changes of one’s reality are at a constant rate. The character of Major Molineux represents an ego trapped within a self-indulged idealism. He refuses to adaptively change to the world around him, maintaining an out of date mode of thinking. At ...

Post Traumatic Stress Disorder Term Paper Example | Topics and Well Written Essays - 3750 words

Post Traumatic Stress Disorder - Term Paper Example The psychological damage resultant of uncontrollable, horrifying life events possesses a central focus of psychiatric interest within the discipline of psychology. Majority of the early psychiatrists conceived psychological trauma as the definitive source of psychopathology (Ehlers & Steil, 1995). Until recently, the consequences of certain traumas such those stemming from wars, rape, concentration camp experiences, child abuse, and civilian disasters were largely described as distinct entities; nevertheless, keen examination makes it apparent that the human response to overwhelming and uncontrollable life events is incredibly consistent, but the nature of the trauma, the victim’s age, predisposing personality, and community response all bear significant impact on the posttraumatic syndrome (Brewin & Holmes, 2003). The American Psychiatric Association clearly recognized this in the Diagnostic and Statistical Manual for Mental Disorder, 3rd edition (DSM-III) when it launched a separate division for the human response to overwhelming life events delineated as â€Å"Post-Traumatic Stress Disorder† (PTSD) (American Psychiatric Association, 1994). Majority of the sufferers of PTSDA continues living in emotional environments of the traumatic environment with tolerating vigilance for and sensitivity towards the environmental threat. The five principal features of the human response to trauma encompass: (1) an enduring startle response and irritability; (2) proclivity to volatile bursts of aggression; (3) obsession with the trauma; (4) limitation on the overall degree of personality functioning; and, (5) unusual dream life (American Psychiatric Association, 1994). In mild cases, the trauma is ultimately remedied by integration of traumatic events into the totality of the subject’s life experiences; nevertheless, in most cases, some or all the symptoms may endure during periods of later stress. The reactions can be grouped into three core

Critical Incident Management Research Paper Example | Topics and Well Written Essays - 1000 words

Critical Incident Management - Research Paper Example One of the methods that help justice and security organizations to be firm on its certification of public safety is scenario-based planning (Eppen, Martin, & Scharge, 1989). Scenario planning is â€Å"a comprehensive planning tool that some of the dedicated firms make use of to achieve their long-term goals† (Eppen, Martin, & Scharge, 1989). Scenario-based planning ensures the management of civil liberties in justice organization that they unintentionally compromise fulfilling other duties. It also makes sure that the organizations do not forget public safety while satisfying other demands. The role of scenario planning within these organizations is to minimize or control these risks (Tibettes, 1998). Many security and justice organizations have policies that make them implement on the actual rules and regulation of these companies. To understand this clearly, example of use of force is appropriate. The policies regarding use of force describe an increasing sequence of actions that an officer can take to handle a situation (Tibettes, 1998). This sequence usually has many levels of intensities, and there is a strict instruction for officers to use an appropriate level of intensity of force, keeping in mind the present situation. This also allows an officer to shift from one level of sequence to another without much difficulty. In law enforcement, there is a huge carefulness which makes it very important; police discretion refers to the autonomy of a justice agency or individual officer working in that or any other justice agency to choose to involve in a certain situation to handle it or not (Tibettes, 1998). The implementation of scale of discretion by an office is when an officer arrests a person for a DUI (Driving under the influence); there is a low discretion in this incident in the name of public safety. High discretion is observed when as officer issues a citation on a driver failing to signal a lane change. In particular, the â€Å"amount of effo rt required by police to compel compliance from an unwilling subject is legal definition of use of force† (Tibettes, 1998). Officers should not use any force if they find no conflicts, fights or battles, in other words, no force if there is no resistance. As an example, the sequence of intensities of force starts from officer using verbalization for controlling a situation; if situation does not come under control, he can go for Empty Hand Control. Even when the situation gets worse, an officer can go for Soft Hand Technique, then gradually Less Lethal Method (Surette, 2010). If the situation cannot be controlled with any of the above methods, officers can have an impact on it with the use of weapon, then chemical spray, and then finally the use of lethal force. There are many debates regarding the use of force continuum. These are regarding the convenience of techniques or tools under this continuum. Should the law include this method in the policies and would they might incr ease the liability? Use of force is not appropriate for every situation because not every situation can convert into a continuum (Tibettes, 1998). The law enforcement and other criminal and justice agencies need to structure their organization in a way that everyone can openly share their ideas and opinions; there is no fear of saying anything even if it is wrong. Most importantly, veterans should give

Music Essays English Music Hall

Music Essays English Music Hall A Short History of the English Music Hall. The term ‘Music Hall’ is used to refer to a venue, or to a form of entertainment taking place at that venue, typically featuring a number of miscellaneous acts, possibly including musical turns, comedy and acrobatics, in a relatively formalised programme. It is also often termed ‘variety’. This essay considers the early roots of Music Hall, its growth in the late 19th century, and its subsequent loss of popularity in the face of competition from other media in the 20th century. Taken into account are the socio-economic environment and also the development of musical styles within the Music Hall context. It will be shown that the influence of Music Hall is still widespread in popular culture today. Background Music Hall developed from a range of entertainments, some of which had been part of English culture for centuries. Broadsides first appeared in the 1500s (Gammond 1991: 82): they were an early equivalent of the newspaper. News stories and satire were printed in verse form with the instructions ‘To the tune of†¦Ã¢â‚¬â„¢, with the intention that the text should be sung to a well-known musical theme, typically a folk-ballad. The music itself was rarely printed, and so broadsides relied on the tradition of passing tunes on orally. In later broadsides, tunes were often popular songs from plays, with the intention of promoting shows in return for sponsorship – an early form of advertising revenue. The ballad was engrained in culture, but the demand and resources of the populus were not yet sufficient to support the growth of a performance industry. Also influential were the many fairs which were trading and entertainment events. In his diary, Samuel Pepys mentions attending Bartholomew Fair in 1661 and â€Å"seeing the monkeys dance† (Pepys 1661), and a number of Music Halls in the late 19th century featured animal acts (Gillies 1999: 31). One-man shows, such as those offered by Charles Dibdin (1745-1814), show elements of entertainment that were later developed in Music Halls. Dibdin can be seen as a key link between earlier folk-art traditions and the increasingly commercialised musical world of the 19th century (Gammond 1991: 153-5). He was a prolific song-writer, who had considerable success with light operas and by selling rights to his songs. These were the early days of copyright law, which developed in the late 19th century firstly to grant exclusivity of performance rights to singers and subsequently to effect a royalties system for composers. Two types of venue preceded Music Halls and had a particular influence on them: taverns and song-and-supper rooms. In taverns, a working-class clientele participated in singing along with their drinking. In song-and-supper rooms, the middle-class man-about-town (no women were admitted) could enjoy a meal while singers entertained. Song-and-supper rooms typically opened around midnight, and entertainment could be bawdy. Some of the early stars of Music Hall began their careers in taverns and song-and-supper rooms. Sam Cowell (1820-1864) is an example, and can be considered one of the first professional singer-songwriters. By 1850, he was earning a good living from the song-and-supper rooms, but had begun his career as an actor and had also performed in opera. In ‘Villikins and his Dinah’, regularly performed by Cowell, we see characteristics that were to become widespread in Music Hall songs, in particular the use of ‘commentary’ between sections of the song to increase its drama. Thus prior to verse 8, where the ghosts of Villikins and Dinah appear to Dinah’s father, the performer sets the scene: â€Å"Now this is the superlatively supernatural wisitation [sic] which appeared to the parient [sic] at midnight after the disease of his only progeny.† (Davison 1971: 23) The affectations in the language and pronunciation suggest the creation of the narrator as a character in his own right, and characterisation is another important element of the Music Hall song, as will be seen shortly. The growth of Music Hall was dependent on an audience able to pay for it, and with an interest in what it had to offer. The growth of a potential market is evident by the mid-19th century, when a number of Music Halls were opened (Sadie 1980: XII/832). In the mid-1840s, Evans’, a former song-and-supper room was reopened as a Music Hall. In 1849, Charles Morton, a pioneer of Music Hall, took over the Canterbury Arms in Lambeth and developed it as a venue. He enlarged it in 1856, and in 1861 opened the Oxford Music Hall in Oxford Street (Sadie 1980: XII/832). This idea of having a chain of venues gained ground in the latter part of the century. Early Developments 1850-1870 The 1850s and 60s can be considered as a first phase of Music Hall. Programmes were varied, with classical and popular music appearing on the same bill. Extracts from Gounod’s opera Faust (1859) performed in Music Halls provided the first hearings of the work for English audiences. A number of early Music Hall songs use old musical themes with new texts: for example, ‘Sam Hall’ can be traced back to a ballad about Captain Kidd. Harry Clifton’s ‘Polly Perkins of Paddington Green’ (1863) uses what appears to be a folk-tune (possibly ‘Nightingales Sing’), but its lyrics possess a humour not seen in folk music: Polly doesn’t marry a ‘Wicount’ or a ‘Nearl’, but in the punchline of the song, weds a â€Å"bow-legged Conductor of a twopenny bus† (Gammond 1991: 411). The same tune is used for another well-known Music Hall song, ‘Cushie Butterfield’, which was particularly popular in the Newcastle area. Tyneside had its own strong Music Hall tradition, giving rise to songs such as ‘The Blaydon Races’ and ‘Keep Your Feet Still Geordie Hinney’ and all three songs display a similar humour to ‘Polly Perkins’. The lyrics draw on local diale ct – Cushie is â€Å"a young lass in Gyetsid [Gateshead]† who â€Å"likes hor beor [her beer]† (Davison 1971: 31). With ‘Champagne Charlie’ (1868), the development of the character song is evident. Performed and co-written by George Leybourne, the Champagne Charlie character is described as a ‘swell’: a well-to-do man-about-town with a taste for Moà «t. Unlike ‘Villikins’, the text is in the first person, Leybourne becoming the Champagne Charlie character in performance. The song is perhaps the first advertising jingle, and was used to promote Moà «t, with Leybourne rumoured to partial to the drink (he died prematurely of alcoholism). His salary at this time was around  £30 a week – certainly adequate to indulge in the Champagne Charlie lifestyle. However, the character was an act: Leybourne was not a ‘toff’, but a former mechanic who remained illiterate and spoke with a strong Black Country accent (Gammond 1991: 334) Concern was growing over the activities in Music Halls. Articles in The Tomahawk focus on the quality of the entertainment: it had been suggested that the Music Hall would â€Å"exercise a beneficial influence over the progress of music amongst the lower classes† but â€Å"Music Hall†¦is mischievous to the art which it pretends to uphold† (Anon 1867).   At the time, improvement of the working classes through access to the arts was promoted among some thinkers. Two years later, Music Halls are criticised for being dens of vice: â€Å"I am positively assured†¦that on certain recognised nights loose women are admitted to these places without payment.† (Greenwood 1869). The often poor reputation of the Music Halls contributed to later attempts by the authorities to regulate their activities. Heyday 1870-1900 The development of Music Halls should be seen in context of wider developments in the social and economic environment of Victorian England. Following the Industrial Revolution, workers migrated from rural communities to cities, and this pattern accelerated in the 1870s. By the mid-1880s, around half the population of London had been born elsewhere (Harris 1994: 42-3). Simultaneously, leisure time increased. In the late 1860s, a half-day holiday was introduced on a Saturday, and in the 1870s, the 9-hour working day was introduced (Harris 1994: 139). Leisure time became a larger part of life for the working classes, and Music Hall was one activity that benefited from this. Drinking had always formed an element of the Music Hall entertainment, but the ruling classes had sought to control this. In 1878, London County Council restricted the consumption of liquor to the back of the halls (Sadie 1980: XII/833), also demanding that a proscenium arch and fire curtain be installed at all venues (there had been a number of fires at Music Halls). A number of smaller operators were forced to shut down, while the larger operators built up chains of venues, with Music Halls growing in size and number. In June 1888, a House of Lords debate quoted a figure of 473 Music Halls in London alone (Gillies 1999: 23). Larger halls meant that some of the intimacy of earlier venues was lost. Instead of a Chairman introducing acts and enjoying banter with the audience, venues identified performers by use of an indicator board, with each act having a number. In this environment of larger audiences, the most successful performers were able to command substantial fees, and some became internationally famous. Up to this point, Music Hall stars had been almost exclusively male, but from around 1880, women appeared regularly at Music Halls and were among the most successful Music Hall stars. Marie Lloyd is probably the best known: by 1891, she was appearing at several venues each night and earning  £100 a week. At this time, a 2-up, 2-down house in Oldham cost  £150-180 (Harris 1994: 113). In 1911, twenty years later,   only just over 2% of the population earned over  £160 in a year (Harris 1994: 107). In comparative terms, therefore, Lloyd’s earnings were on a par with a Premiership footballer today. In her early career, she infamously fell foul of performing rights by adopting ‘The Boy I Love Is Up In The Gallery’ as a key song in her repertoire, and she is still strongly associated with it. However, Nelly Power, another singer of the day, had exclusive performance rights for the song, and Lloyd was forced to stop singing it (Gillies 1999: 18 et al). At this time, exclusive association with a particular song enabled a performer to generate bookings, as nobody else was allowed to perform it. Songwriters sold a song with performing rights to a singer, and were thereafter not entitled to any further income. They relied on writing more songs on the same basis, but campaigned for further payments and the royalties system of today developed.   Pantomime was also an outlet for Music Hall stars, who would appear singing the songs for which they were most famous. This had a profound influence on the development of pantomime, with traditional characters such as Harlequin and Columbine dropped in favour of interpretations of fairy tales built around the Music Hall personalities and their repertoires. The music publishing industry had grown alongside the development of Music Halls. By the 1830s, songs such as ‘He was such a nice young man’ and ‘All round my hat’ (a folk tune) were produced for sale at Pleasure Gardens or song-and-supper rooms. The music catalogues of publishers typically included a range of material including songs, operatic arias, hymns and dances. Charles Sheard was publishing Music Hall material from around 1852 as part of its Musical Bouquet series (Gammond 1991: 410). From 1850-1900, the price of a piano dropped and some manufacturers introduced monthly payment schemes, making the instrument more accessible (Gillies 1991: 66). This helped the Music Hall songs become firmly engrained in the popular musical culture of the time. Songs had an air of respectability about them until around 1860, after which many started to display more vulgarity. This was still subtle by modern standards: Dan Leno’s trademark song ‘The Swimming Master’ (by Herbert Darnley) makes much of the need for bodily contact with the ladies being taught to swim – if they feel they’re sinking, then â€Å"To my manly chest they cling† (Davison 1971:69) – but goes no further than suggestion. Some venues decreased the classical element of their music programmes. Dickens (1879) comments that â€Å"the operatic selections which were at one time the distinguishing feature of the Oxford have of late years been discontinued†, and evidence from Music Hall programmes from this time onwards shows a focus on popular idioms. However, other Music Halls continued to offer what might be considered as more ‘highbrow’ entertainment. The Alhambra in Leicester Square specialised in ballet, and Evans’ in Covent Garden offered â€Å"songs, glees, and part songs, executed by a well-trained choir† (Anon 1867). The ballets at the Alhambra continued to at least the turn of the century and it also staged a number of operettas. Decline 1900-1920 In its early days, Music Hall had been seen as a largely lower-class entertainment. In the early 1900s, it gained respectability, with knighthoods for some of its key personalities and the first Royal Command Performance, featuring Music Hall acts, taking place in 1912 (Sadie 1980: XII/833). A number of developments led to the decline of Music Halls. In 1914, eating and drinking in the auditorium was banned (Gammond 1991: 409 et al) and Music Halls in effect became theatres. Many continued to offer seasons of variety performances, and there was still great interest in the entertainment, but it was now required to compete with new media: first the cinema, then radio. New music styles such as jazz were also gaining in popularity. Its influence is evident in some later Music Hall songs: ‘Lily of Laguna’ (1898) uses syncopation and describes an idealised world of African Americans living in the Southern States of the US. Its use of language such as ‘nigger’ and ‘coon’ would be considered offensive today, but reflects the very different attitude to race at the time (Davison 1971: 95). The song was written by the English songwriter Leslie Stuart for Eugene Stratton, an American performer who appeared regularly ‘blacked up’ : this practice was widespread within the Music Hall, and continued for many years with The Black and White Minstrels a popular TV show as late as the 1970s. By the 1940s, Music Hall had largely disappeared. Gramophones provided musical entertainment in the home. The stars of variety diversified: Gracie Fields developed firstly a film career then focused on radio broadcasts in addition to appearances in variety (Gammond 1991: 189), and George Formby appeared in a number of films as well as continuing the work of his father (also George Formby, a popular variety singer at the turn of the century) in Royal Command performances and other revues (Gammond 1991: 203). The Legacy of the Music Hall The influence of the Music Hall is still very much evident in British culture. It played a major part in the development of stand-up comedy, and the Comedy Club, which has seen a revival in recent years with chains such as Jongleurs, owes an obvious debt to the Music Hall tradition. The variety show featured regularly on TV well into the 1970s on shows such as ‘The Good Old Days’, and the annual Royal Command Performance, with a range of acts, is still televised. Pantomimes too feature many characteristics of those in the late 19th century, with TV personalities taking the roles that Music Hall celebrities enjoyed a hundred years ago. The musical styles seen in Music Hall continue to influence artists. ‘Obladi, Oblada’ (Lennon and McCartney, recorded by the Beatles 1968) features a fourline verse with sequence-based melodies and a simple refrain, with a line repeated, reminiscent of the choruses inviting audience participation in Music Hall. More recently, Blur’s ‘Parklife’ (1994) uses the concept of performer taking on a personality, with club- and concert-goers joining in with the ‘Parklife’ motif at the end of each line, much like a Music Hall audience would have joined in with choruses. Music Hall should therefore be seen not just as a cultural phenomenon in its own right, but as a development in a long history of popular song and entertainment. Bibliography Clarke, Donald (Ed) (1989) Penguin Encyclopaedia of Popular Music (Viking, London) Davison, Peter (1971) Songs of the British Music Hall (Oak Publications, New York) Dickens, Charles Jnr (1879) Dickens Dictionary of London ‘Music Halls’, reproduced on www.arthurlloyd.co.uk Frith, Simon and Marshall, Lee (2004) Music and Copyright (2nd Edition, Edinburgh University Press, Edinburgh) Frow, Gerald (1985) Oh Yes It Is! A History of Pantomime (BBC, London) Gillies, Midge (1999) Marie Lloyd: The One and Only (Gollancz, London) Gammond, Peter (1991) The Oxford Companion to Popular Music (Oxford University Press, Oxford) Harding, James (1990) George Robey and the Music Hall (Hodder and Stoughton, London) Harris, Jose (1994) Private Lives, Public Spirit: Britain 1870-1914 (Penguin, London) Kilgariff, Michael (Compiler) (1998) Sing us One of the Old Songs: A Guide to Popular Song 1860-1920 (Oxford University Press, Oxford) Middleton, Richard (1990) Studying Popular M usic (Open University, Milton Keynes) Price, Richard (1999) British Society, 1680-1880 (Cambridge University Press, Cambridge) Sadie, Stanley (1980) New Grove Dictionary of Music and Musicians Vol. 12 pp831-834 (McMillan, London) Thompson, F M L (1988) The Rise of Respectable Society: A Social History of Traubner, Richard (1984) Operetta: A Theatrical History (Gollancz, London) Victorian Britain 1830-1900 (Fontana, London) Waites, Bernard, Bennett, Tony and Martin, Graham (Eds.) (1982) Popular Culture: Past and Present (Croom Helm, London, in Association with the Open University) Weightman, Gavin (2003) What the Industrial Revolution Did for Us (BBC, London) Websites www.arthurlloyd.co.uk Anon (1867) Extracts from ‘The Tomahawk, 14th and 21st September 1867   Dickens, Charles Jnr (1879) ‘Music Halls’ from Dickens’s Dictionary of London Greenwood, James (1869) The Seven Curses of London www.pepysdiary.com Pepys, Samuel (1661) Diary extract from 31st August 1661 Recordings Blur ‘Parklife’ (From the album ‘Parklife’, 1994, Food Records) The Beatles ‘Obladi, Oblada’ (From the White Album, 1968, Parlophone)

Sime Darby

Page 1 of 6 Fundamental Analysis for SIME DARBY BHD Company Name: Stock Code (Bursa): Bloomberg: Industry: Sub-Sector: Company Description: Date of Analysis: Financial Year: SIME DARBY BHD Board: Main Board SIME FBMKLCI: TRUE SIME:MK Reuters: SIME. KL TRADING SERVICES OIL PALM/RUBBER AND OTH CROP PRODUCTION PLANTATION; PROP; MOTORS; INDUSTRIAL; ENERGY & UTILITIES. 19-Sep-12 2011 30/6/2011 Price: 9. 79 Stock Grade: Emerging Investment Grade Profitability Profitability 10 ROI 8 ROI Liquidity 6 Efficiency 4 Risks 2 0 Potential Growth Buy & Hold Returns Potential Growth 65 75 90 50 105 105 Buy & Hold Returns 25 Liquidity 1. 80759 40. 02273 62. 4099 36. 10128 85. 8969 57. 48956 18. 75 7. 97 5. 34 6. 93 7. 22 8. 18 5. 48 7. 5 Risks Efficiency Future growth drivers and Risks: http://announcements. bursamalaysia. com/edms/edmswebh. nsf/all/FF95B42CEC4045D948257A7A0062 DF67/$File/Press%20release. pdf Due-Diligence All figures in millions of Ringgit Malaysia except per share values and ratio M easures 2002 @ 2002/6/30 2003 @ 2003/6/30 2004 @ 2004/6/30 2005 @ 2005/6/30 2006 @ 2006/6/30 2007 @ 2007/6/30 2008 @ 2008/6/30 2009 @ 2009/6/30 2010 @ 2010/6/30 2011 @ 2011/6/30 Importane Rate CommentsProfitability Increasing Sales Revenue Increasing Net Income After Tax Increasing Gross Profit Margin (Preferably ? 40%) ROI Increasing high ROE (Preferably ? 15%) Increasing ROIC (Preferably ? 15%) Increasing CROIC (Preferably ? 15%) Liquidity Increasing Net Cash from Operations Increasing Free Cash Flow / Sales (Preferably ? 5%) Increasing Quick Ratio (Preferably ? 1) Short & declining Cash Conversion Cycle Efficiency Increasing Net Profit Margin (Preferably ? 10%) Increasing OCF/TA (Preferably ? 8%) 12,053 928 29. 9% 13,718 945 30. 4% 14,904 1,015 26. % 18,646 933 24. 4% 20,162 1,203 23. 6% 20,735 1,597 23. 3% 34,045 3,753 26. 2% 31,014 2,341 23. 0% 32,845 855 26. 8% 41,859 3,847 25. 7% 10. 7% 8. 0% 4. 5% 10. 2% 8. 0% 5. 2% 10. 9% 8. 0% 3. 3% 10. 0% 9. 0% 3. 6% 12. 7% 7. 0% 5. 2% 15 . 8% 8. 0% 7. 1% 16. 2% 12. 0% 9. 1% 10. 7% 9. 0% -1. 1% 3. 6% 5. 0% 6. 8% 15. 2% 13. 0% 6. 5% 647 3. 5% 1. 09 62 930 4. 3% 1. 41 66 652 2. 6% 1. 39 65 737 2. 3% 1. 12 62 1,154 3. 4% 1. 23 67 1,644 4. 8% 1. 27 65 3,936 7. 2% 1. 38 63 937 -1. 0% 1. 00 91 3,570 5. 9% 1. 00 65 3,393 4. 9% 1. 05 65 10. 0% 5. 2% 9. 0% 6. 3% . 0% 4. 2% 7. 0% 4. 5% 8. 0% 6. 6% 10. 0% 8. 4% 15. 0% 10. 9% 10. 0% 2. 6% 5. 0% 9. 5% 13. 0% 7. 9% Risks Declining Debt/Equity Ratio (Preferably <1) Operating Income Variability Sales Variability Increasing Altman Z Score (Preferably ? 2. 6) Declining Beneish Score (Preferably < -2. 22) Potential Growth Increasing Sustainable Growth Rate (Preferably ? 8%) Increasing Expected EBIT Growth N/A (Preferably ? 8%) Quality of Sales Revenue Growth (Preferably ? 80%) N/A 0. 15 1,081 12,053 5. 73 0. 27 1,225 13,718 5. 50 -2. 83 0. 28 1,389 14,904 6. 5 -2. 90 0. 34 1,406 18,646 5. 13 -2. 95 0. 38 1,206 20,162 5. 42 -2. 86 0. 29 1,569 20,735 7. 13 -3. 00 0. 22 4,339 34,045 5. 83 -1. 99 0. 26 3,151 31,014 7. 02 -2. 89 0. 37 2,081 32,845 5. 80 -2. 84 0. 29 5,483 41,859 6. 38 -2. 86 3. 5% 2. 9% 16. 4% 93. 5% 85. 8% 28. 7% 53. 4% 59. 1% 56. 9% 3. 7% 4. 1% 2008: 2002-2011: 2008: 2002-2011: 2008: 2002-2011: 2. 3% 3. 1% 77. 2% 2009: 91. 1% 52. 4% 2009: 58. 2% 76. 6% 2009: 45. 6% 6. 4% 5-Y: 4. 4% 9. 9% 7. 9% 14. 9% 74. 6% 2010: 59. 2% 2010: 14. 9% 2010: 2. 9% 19. 4% 5. 0% -5. 0% 69. 4% 2011: 17. % 2011: 21. 6% 2011: 0. 6% 6. 6% 7. 7% 13. 6% 73. 3% 30. 0% 14. 0% 2007: 2005-2011: Quality of EBIT Growth (Preferably 2007: ? 80%) 2005-2011: Quality of Operating Cash Flow 2007: Growth (Preferably ? 80%) 2005-2011: Buy & Hold Returns Shareholder Wealth Creation Full: (Preferably ? 8%) 5. 7% 10-Y: -1. 0% 3-Y: 11. 5% Investment Strategy Position Strategy Position Lump Sum + Top Up Strategy: Buy Criteria Averaging Down Method: Dollar Cost/Value Averaging Criteria 1. The current quarter's EPS is up more than 15% from the same quarter the year before. . Price is below I ntrinsic Value 3. Current EY% or Rolling 4Q EY% ;gt; 6% 4. Current DY% or Rolling 4Q DY% ;gt; 6% 5. Stock price breaks out of consolidation/dip on an uptrend. 6. Comparison of P/B ratio (for Financial stocks only) 7. Company owner, EPF, Khazanah and PNB heavily buying Sell Criteria I Remarks Criteria 1. Current EY% or Rolling 4Q EY% ;lt; 6% for more than 2 years 2. Current DY% or Rolling 4Q DY% ;lt; 6% for more than 2 years 3. Quarterly EPS drop for 5 consecutive months 4. Fundamental of business turns unattractive or bad 5.Found a better opportunity to replace this stock 6. The stock drops near to my average cost or hit my stop loss 7. Long term trend changed from bullish to bearish 8. Company owner, EPF, Khazanah and PNB heavily selling. 9. Did I make a mistake? 10. Has the stock risen too far from its intrinsic value? VI Remarks Discounted Cash Flows Valuation Shares Out. M. O. S. 13 Default Value Custom Value 6009. 46 11 Sustainable Growth % (for Average risk Average Discount % Terminal % 2011 FCF Excess Cash Intangibles Intangibles% Decay Rate Extra Decay Growth (for DCF Calc. premium Risk free Assets add to DCF (Yr4E-Yr7E) (Yr8E-Yr10E) reference) rate 20% 5% 8% 5. 50% 3. 68% 9. 2% 2% 2068. 66 4593. 30 86. 00 0% 8% 15% 4% 11. 50% 15% 20% Projection of Future Free Cash Flow 2012 Yearly Growth Future Value Discounted Perpetuity Value Present Value 2,151. 41 2013 2,237. 46 2014 2,326. 96 18,023. 58 28,024. 79 3-Y Shares Outstanding Fair Value Desired M. O. S. Buy Under Current Price Actual M. O. S. 4. 66 3. 73 9. 79 -110% 5-Y 6009. 46 4. 69 20% 3. 75 9. 79 -109% 2015 2,364. 67 2016 2,445. 07 15,233. 30 28,183. 22 10-Y 4. 70 3. 76 9. 79 -108% 2017 2,528. 1 2018 2,614. 16 2019 2,564. 07 2020 2,633. 81 2021 2,705. 45 9,780. 64 28,239. 49 Market Timing Analysis Discounted Cash Flow Valuation Fair Value Actual M. O. S. Buy Under Selection 3-Y 4. 66 -110% 3. 73 5-Y 4. 69 -109% 3. 75 10-Y 4. 70 -108% 3. 76 ? 3-Y: Fast-growing company; operates in highly competitive , low margin industry 5-Y: Solid company; operates with advantage such as strong marketing channels, recognizable brand name, or regulatory advantage 10-Y: Outstanding growth company; operates with very high barriers to entry, dominant market position or prospectsPrice-to-book Ratio Valuation by Price-to-book Ratio: Current EY% or Rolling 4Q EY% ;gt; 6% CU EY%: 6. 23 R-4Q EY%: 7. 05 4. 26 60 Current DY% or Rolling 4Q DY% ;gt; 6% CU DY%: 3. 06 R-4Q DY%: 3. 58 Current Cash Return% or MRQ Cash Return% ;gt; 6% 62 CU CR%: 4% Quarterly Financial Performance MRQ CR%: 2% Increasing revenue Increasing net profit Increasing EPS Jun-12's EPS ? 15% from Jun-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 13,059 11,064 11,389 11,027 14,122 1,313 0. 22 1,074 0. 18 1,101 0. 18 876 0. 15 1,099 0. 18 -16% Sime Darby COMPANY BACKGROUND Sime Darby Berhad is a multinational company which was established in 1910; a British businessman William Sime and Henry Darby established Sime, Darby & Co. and is based in Malaysia. Sime Darby is also involved in key growth sector of the national economy, plantations, property, motors, energy & utilities and healthcare. Business activities include oil palm and the company's original business, the manufacture of rubber tires, heavy equipment and motor vehicle distribution, property development, power generation, and engineering services.Other operations include the manufacture of paints, cooling tourism product manufacturing, and tourism services, hospitals, and golf courses. Sime Darby is listed on Bursa Malaysia Securities Berhad on the main board. The company is the largest in Southeast Asia and the largest multinational companies in Malaysia. They operate in more than 20 countries and have around 100,000 employees worldwide. William Middleton Sime, a traveler f rom Scotland. In his efforts to be successful, he has to face two times a failure in the import-export business and other coffee farm when he left his job as a mercantile assistant in Singapore.Henry Darby was a wealthy 50-year-old English banker who owned property in Northern Malaya. The organization is well known in the field of global business and is also experienced in the field of business. They have a wide range of industries such as Kumpulan Guthrie Berhad and Golden Hope Plantations Berhad for combined and created as a new organization with the mission and vision and new goals. VISION To be a leading multinational corporation delivering sustainable value to all stakeholders. MISSION 1. We are committed to developing a winning portfolio of sustainable businesses; 2.We subscribe to good corporate governance and high ethical values; 3. We continuously strive to deliver superior financial returns through operational excellence and high performance standards; and 4. We provide an environment for our people to realize their full potential. CORE AND RELATED BUSINESS Sime Darby is a key player in the Malaysian economy as well as a diversified multinational involved in key growth sectors, namely, plantations, property, motors, industrial equipment, energy ; utilities and healthcare with operations in more than 20 countries. . Sime Darby Plantation Sime Darby Plantation is the largest oil palm plantation in the world to produce about 2. 4 million tons or 6% of the production of crude palm oil (CPO) is the world every year, making the Sime Darby Plantation as sustainable producers of edible oils in the world. Sime Darby has two operations, namely: I. Upstream operations Sime Darby Plantation has an area of 682. 616 hectares in Malaysia and Indonesia, with the rest of the oil palm planted area of 519. 620 hectares. It has a total of 200 fields and 64 oil mills in the two countries.Outside Asia, starting from January 2010 has expanded its upstream operations to Lib eria in Africa. Overall, Sime Darby Plantation has 200,000 hectares in Liberia, where 1. 190 hectares have been planted with oil palm until 31 January 2012. As a key player in keeping the industry, Sime Darby plantation division using best practices. 329. 225 of this part have been planting trees for rare and endangered in the next three years, as part of its commitment towards ensuring a more reserved nature. Trees are grown mainly in the area of the holding company, while partially buried along with other companies.II. Downstream Operations Sime Darby Plantation downstream operations operate in 15 countries, covering the production and distribution of oil and fat products for biodiesels, oleochemicals, and nutraceuticals. It is divided into two segments namely based food and non-food segments carried by eight refineries located in : * Malaysia (Sime Darby Jomalina Sdn Bhd, Sime Darby Kempas Sdn Bhd and Sime Darby Austral Co. , Ltd. ) * Singapore (Sime Darby Edible Products Limited ) * Thailand (Morakot Industries Public Company Ltd) Vietnam (Golden Hope – Nha Be Oils Sdn Bhd) * Netherlands (Sime Darby Unimills B. V. ) * South Africa (Sime Darby Hudson ; Knight (M) Sdn Bhd) III. Food Sime Darby Plantation also produces and markets a variety of consumer goods such as cooking oil, fruit juice and cooks the sauce for the Malaysian market. Sime Darby Jomalina which is a subsidiary of Sime Darby Berhad produce refined palm oil and palm kernel oil products which include shortening, industrial margarine, frying palm oil, milk fat replacement, vegetable ghee and cooking oil.Also produce oil for frying, application in dairy products, dyes and as a food for the domestic market and for export to Japan, Hong Kong, Europe and the United States. Sime Darby also niche product the following: * Special Animal Fat Substitute (Safar) – A substitute vegetable fats for animal fats in food products, * Jomalina Quality Assurance (JGQ) products – products made fr om palm oil with a low content of saturated fatty acids, * Golden Joma Red Olein – Red Palm Oil with beta carotene content is very high. IV. Research ; DevelopmentSime Darby Plantation is a leader in the research ; development of oil palm, and was the first company in the world to successfully compile, assemble and annotate the oil palm genome. Breakthroughs will allow scientists and our research staff to identify markers for the valuable features such as features yield, disease resistance and drought tolerance, and use these markers to breed a new generation of oil palm. The Division now has more than 200 scientists and researchers, who conducted various studies on the efficacy results, best practices, quality, best agricultural practices and food ingredients.Division also has a fully operational along the palm oil value chain – from farm to food on the table, He took himself one of the cheapest foods in the form of oil-estate estate, processing of this material in it s own farm and later in its own filter factories, and finally, it is also processed cooking oil for domestic market. As a fully integrated player, this means that it can control the quality at every stage by using best practices in all layers of palm oil value chain.This process is done by thinking of the environment and quality, ensuring that while providing a valuable material for the needs of the world, our earth is also protected through best practices. 2. Sime Darby Property Sime Darby Plantation is a leader in research ; development of oil palm, and was the first company in the world to successfully compile, assemble and annotate the genome of oil palm. The Division has been fully operational along the palm oil value chain – from farm to food on the table.It released a self cheapest food in the form of coconut plantation estate, the processing of these materials in their own farm and then at refineries themselves, and finally, it is also processed cooking oil for the lo cal market. As a fully integrated player, this means that it can control the quality at every stage by using best practices in all walks of palm oil value chain. This process is done by thinking of the environment and quality, to ensure that when providing valuable material for the needs of the world, our earth is also protected through best practices.Sime Darby Property is one of the leading property developers in Malaysia. It is also the largest developers in the country in terms of land area savings. It now has 19. 000 acres of land and has identified savings of 18. 800 acres of land for future development. Sime Darby Property's core businesses are property development, property investment, hospitality & leisure and operations in China. Apart from Malaysia, it has a wide range of projects in five countries, namely, Singapore, Vietnam, China, Australia and the United Kingdom.Over the past few years, Sime Darby Property has built 10 townships that house a total of 80,000 families a nd 400,000 people throughout the Klang Valley and Penang, the Ara Damansara, Subang Jaya, USJ Heights, Putra Heights, Bukit Jelutong, Bandar Bukit Raja, Nature Trail, Melawati, The Dream and Planter's Haven. Sime Darby Property also rates limit investment property in Malaysia such as Sime Darby Pavilion is a 3-storey office building in Shah Alam, Sime Darby Complex is a 4 – ? torey office building, Wisma Guthrie is a six storey purpose built office building in Damansara Heights, Wisma Sime Darby is a 22 storey office building in Jalan Raja Laut, Wisma UEP is a 11-storey office building in Subang Jaya. Sime Darby Property has built a variety of hospitality in Malaysia such as Sime Darby Convention Centre (SDCC) which was officially launched on December 6, 2007 by the Prime Minister of Malaysia and Resumes Operations since February 2006 at the Bukit Kiara, Kuala Lumpur.Hospitaliti such as PNB Darby Park Executive Suites Start operations in June 2000 at the Kuala Lumpur. Harvard atmosphere Hotels in Bedong, Kedah. Genting View Resort in Genting Highlands, Pahang. Subang Avenue Service Suites in Subang Jaya and Hotel Equatorial Melaka in the Lower Town, Melaka. 3. Sime Darby Industrial Sime Darby Industrial is a leading distributor of premium heavy equipment in Malaysia and the Asia Pacific region.It offered a comprehensive range of products and support services equipment in key markets such as plantations, property, mining, marine construction, forestry, ports and power systems sectors. Sime Darby Industrial is also the fifth largest Caterpillar dealer in the world and operates the largest Caterpillar dealership network in the Asia Pacific region, with more than 100 branches covering more than 20 countries. Heavy equipment business spans across Malaysia, Singapore, Brunei, Australia, Hong Kong, China, Christmas Island, the Maldives, New Caledonia, Papua New Guinea, and the Solomon Islands.To market in Malaysia, Sime Darby Industrial Sdn Bhd offers a compre hensive list of heavy equipment and services, from the sale of machinery, new engines and equipment rental services through a network until CAT Rental Stores outlets nationwide. Other brands represented include: * Premium Terberg Terminal Tractor * Kubota Tractor and Agricultural Transplanters * Transport tractor New Holland * Perkins engines * GE Pipeline Inspection * Atlas Copco (in Vietnam) * Jacobsen Turf Care Equipment * Former operator of Omega 4. Sime Darby MotorsSime Darby Motors is one of the leading players of the automotive industry and automotive luxury in Malaysia, Singapore, China, Australia and New Zealand, with business activities that vary from country to country, including import, assembly, distribution and sale of the vehicle. This represents the various brands and luxury brands such as BMW, Mini, Rolls-Royce, Porsche, Jaguar and Lamborghini, Hyundai, Land Rover, Alfa Romeo, Ford, Peugeot, Mitsubishi, Ssang Yong, Jeep, Dodge, McLaren, Suzuki, Chrysler, Audi, Ferra ri, Maserati, Volkswagen, Nissan, Mazda and Chevrolet.Sime Darby Motors is also the third largest BMW dealer in the world, while Rolls Roycenya representation in East China is one of the largest in the world in 2011. This section is a dealer for McLaren to Hong Kong, the franchise up for grabs. It also has a distribution business for Huanghai Bus, Mitsubishi Fuso trucks and buses in Hong Kong and Macau, as well as electric vehicles Smith, apart from organizing Sime Darby Fleet Servicing Australia 4WD, 2WD, bus rental and mechanical services for industry leading market experts and government regional tourism market in Western Australia, Queensland and New South Wales.In terms of installation, Sime Darby Motors to install a variety of Hyundai passenger cars and commercial vehicles, other than passenger vehicles Land Rover and BMW through its subsidiaries, the Corporation Inokom in Kulim, Kedah. It also has the Hertz car rental business in Malaysia and Singapore. With a good distributi on network in the Asia Pacific region, the Automotive Division Sime Darby ready for a bright future. 5. Sime Darby Energy ; Utilities Sime Darby Energy ; Utilities has core businesses in the Engineering Services, Ports ; Logistics, Power and Water Management.It is supported by a staff of more than 1,000 people in all of our operations in Malaysia, Singapore, Thailand and China. I. Power With plants in Malaysia and Thailand, we have a combined gross capacity of 590MW. Operations in Malaysia which is located in Port Dickson, Negeri Sembilan have a capacity of 440MW of electricity while operating in Thailand at Laem Chabang has two power plants with an installed capacity of 100MW and 50MW respectively. II. Engineering Services Led by Mecomb Group, a unit of engineering services division is supported by a variety of reputable products that provide solutions and value-added engineering services.Mecomb Group is headquartered in Singapore and has operations in Malaysia and Thailand. III. P orts ; Logistics Port operations and logistics division is based in Shangdong province, China. There are three ports that operate at this time – a sea port handles general cargo and bulk in Bohai Bay, Weifang and two river ports handling coal and general cargo along the Grand Canal in Jining. A new coal handling terminal being planned in Jining. Port's current capacity to reach about 30 million tones per year with plans to expand further into the target handling capacity of 60 million tones per ear. We hope to become a major player in the arena harbor and logistics in China in the next five years. IV. Water Management Water management unit is headquartered in Shandong province of China, comprising Weifang Sime Darby Water Management Co. Ltd and Zibo Chemical Co. Ltd Sime Darby. Established in 2005, Weifang Sime Darby Water Management Co Ltd has a capacity of 140. 0003 per day, supplying clean water to the Hua Hai and surrounding industrial areas. Sime Darby Zibo Chemical Co. Ltd. Zibo) was incorporated in March 2007 to produce polyaluminium chloride at a capacity of four tones per year for use in water treatment plants Weifang Sime Darby Water. 6. Sime Darby Healthcare Sime Darby Healthcare is a leader in the private healthcare industry, and aspires to be the gold standard of health care providers in the Asia Pacific region. This section consists of five private entities, namely: – * Sime Darby Medical Centre Subang Jaya (SDMC SJ) – our flagship tertiary care 393-bed hospital * Sime Darby Specialist Centre Megah (SDSC Megah) – our outpatient and daycare * Sime Darby Nursing & Health Sciences College Sime Darby Medical Centre Ara Damansara (SDMC AD) – Centres of Excellence for Brain, Heart and Spine & Joint * Sime Darby Medical Centre Parkcity (SDMC Parkcity) – will open in 2013 This division was established on 21 October 2008 when the first three entities were rebranded under the brand name of Sime Darby. Sime Darby He althcare offers a range of special services for health care related to Customers, from emergency care, disease; management to screening services and more terrorism as follows: * Dietetics Services Dr Golf * Health Screening Centre * Imaging and Diagnostics * Breast Care Centre * Subang Fertility Centre * Obesity Clinic * Menstrual Clinic * Nuclear Medicine & PET / CT Centre * Vascular & Interventional Radiology Centre * Stone Centre * Digestive and Liver Health Clinic * Blood Disease Centre In addition to health care for Patients, Sime Darby Healthcare Patient Services Banjarmasin also rates offers for hire offer Home Care Nursing Services, International Patient Services, Medical Reports and Accommodation ServicesIt institutions, SDMC SJ, is one of the leading private hospitals in Malaysia. Internationally recognized, private hospitals with advanced facilities, this is the only private hospital that has won the Prime Minister's Quality Award twice. Today, SDMC SJ has 393 beds, 93 su ites and 14 theaters clinic, keep up to 1,800 patients and 300 patients per day. The hospital also offers the latest state of the art equipment such as scanners 64-slice PET / CT, 3-Tesla MRI, High Dose 3D brachytherapy system, dual-source CT scanner and TomoTherapy Hi-Art System for the treatment of cancer.SDMC AD had the first private Brain Centre of Excellence in Malaysia, with a comprehensive epilepsy management system as well as full and advanced facilities for treatment. Sime Darby Healthcare is planning to open another medical center renamed Sime Darby Medical Centre ParkCity in 2013. Sime Darby Medical Centre ParkCity will operate as a comprehensive center of excellence dedicated to women and children with a focus on breast oncology, child development and treatment of chronic diseases such as diabetes. 7. Other BusinessesI. Tesco Stores (Malaysia) Sdn Ltd Tesco Stores (Malaysia) Sdn. Ltd. is a joint venture between Sime Darby Berhad and Tesco plc. Its inception in the year 2 001, show that the Sime Darby owns 30% interest in the joint venture. Tesco currently operates 40 hypermarkets in the country. II. Insurance Broking and Agency Sime Darby Lockton Insurance Brokers Sdn Bhd (Sime Darby Lockton) is one of the leading professional risk services in Malaysia, which specialized in the specialty risk insurance and takaful solutions.The company is the result of a union between Sime Darby Berhad and Lockton, the risk of a service company to the 9 largest in the world. With active involvement in insurance services since early 1930 in Asia, particularly in Malaysia, Singapore and Hong Kong, Sime Darby Lockton has more than 80 dedicated professionals, highly trained and knowledgeable in their respective fields. Sime Darby Lockton is licensed and regulated by Bank Negara Malaysia. HISTORICAL BACKGROUND Almost 200 years ago, Britons growers have established rubber plantations in Malaya and mostly planted with oil palm.Among the pioneers-pioneers is Alexander Guthr ie, Daniel and Smith Harrison, Joseph Crosfield, William Sime and Henry d'Esterre and Herbert Mitford Darby who is the founder of three large companies today are Sime Darby Berhad. Alexander Guthrie Guthrie & Co established. in Singapore in 1821 as the first British trading company in Southeast Asia. Guthrie introduced rubber and palm oil in Malaysia in 1896 and 1924. Daniel and Smith Harrison and Joseph Crosfield also formed a trading partnership tea and coffees are known as Harrisons & Crosfield in England in 1844. Harrisons & Crosfield bought several small farms in Malaysia of ? 0,000 and they came together to form Golden Hope Rubber Estate. In 1982, Harrison and Crossfield have sold three large plantation groups, Golden Hope, Pataling, and London Asiatic to Malaysian concerns for ? 146 million. Business name was changed to Golden Hope Plantations Berhad in 1990 after taking majority Nasional Berhad capitalization equity. In January 2007, three giant Malaysia (Sime Darby, Guthrie and Golden Hope) incorporated into the entity named Synergy Drive vehicle and on 27 November 2007, Synergy Drive renamed Sime Darby Berhad. Entity that combines three different companies in Malaysia are multinational workforce of 104. 00 Malaysian workers. Its core businesses are plantations, property, motor, heavy equipment and energy & utilities that are expected to benefit from continued population growth and economic development in the Asia Pacific region and the global economy. Non-core business unit of Sime Darby as health care, insurance, and home products grouped under Allied Products and Services division (APS). Subsidiary under the APS including Sime Darby Medical Centre Subang Jaya (formerly known as Subang Jaya Medical Centre) (health care), Sime Alexander Forbes (insurance), and Dunlopillo Malaysia Sdn Bhd (home products).It also has a controlling stake in the supermarket chain Tesco in Malaysia. Sime Darby is a multinational company, with more than 60 percent of the g roup's revenue comes from overseas. As a result of the merger, Sime Darby became one of the leading companies listed on the world's palm oil plantations. Sime Darby Berhad also has a significant presence in downstream palm oil. The merger also made Sime Darby a leading developer of residential and commercial community. Additionally, it holds the rights Caterpillar in 12 countries worldwide and distribution and distributor brands like BMW motor.Current President and Chief Executive Officer of the Group is Dato ‘Mohd Bakke Saleh. Sime Darby brand now more than 100 years old even though it does not explain how these companies are just starting with a small shop in Malacca memoirs starting in 1910. It is the legacy of the three companies that create Sime Darby today. PROBLEM Although Sime darby a giant plantation company in the world, they still have problems such as the company's internal operations and management models that lack of transparency, poor governance, red tape, and m isconduct (moral hazard) that may affect the business.This is a result of the merger of three companies Golden Hope Limited. , Guthrie Bhd. and Sime Darby Bhd. through Synergy Drive to form a giant company where five times of its original size. With the merger of these companies have the inherent problems of bureaucracy and management. In May 2010, the Energy and Utilities Division has reported large losses where four projects the Energy and Utilities Division, including Qatar Petroleum, Maersk Oil Qatar, Marine and Bakun Dam, delayed because of bad management, leading to increased costs exceeded estimates and lead to a loss of RM1. 31 billion. As a result of these losses, Sime Darby has experienced the loss of market value of RM6. 37 billion in the period of one month from the RM52. 94 billion to RM46. 57 billion. Sime Darby has experienced a net loss of RM308. 63 million in the third quarter. Sime Darby yet to recover from past losses continued to be constrained problems associate d with neighboring countries, namely Indonesia.Kumpulan Guthrie Berhad was ordered to pay the civil claim to the Indonesian company PT Adhiyasa Saranamas more than USD25 million. Kumpulan Guthrie Berhad plans to capture asset PT Holdico power was taken over by the National Banking Penyehatan Agency (IBRA) owned by the Indonesian government. PT Adhiyasa Saranamas was appointed by Kumpulan Guthrie Berhad as an intermediary for the acquisition of PT Holdico Power, including its subsidiaries and assets of the company including oil palm plantations in several cities.Problems began to arise when the Guthrie Berhad has agreed to pay 7% of the transaction value results for Adhiyasa been breached by the Guthrie Berhad resulting in a Malaysian government-owned companies have been accused of breach of contract because of delayed payments promised to Adhiyasa. Sime Darby has also suffered huge losses during the financial crisis era asia 1997 when the stock market plummeted, which recorded a los s of Rs 1. 6 billion, of which the largest level in the history of banking in Malaysia. REFERENCES http://www. referenceforbusiness. com/history2/20/Sime-Darby-Berhad. tml http://en. wikipedia. org/wiki/Sime_Darby http://www. simedarby. com/default. aspx http://www. simedarbyplantation. com/default. aspx http://siffusuffi. blogspot. com/2010_06_01_archive. html http://www. utusan. com. my/utusan/info. asp? y=2010&dt=0524&pub=Utusan_Malaysia&sec=Korporat&pg=ko_02. htm http://teamoverdraf. blogspot. com/2010/11/masalah-pada-syarikat-sime-darby. html http://jommelabur. wordpress. com/2010/05/13/kerugian-sime-darby-apa-yang-aku-faham/ http://razali01. blogspot. com/2010/08/sime-darby-hadapi-masalah-lagi-kali-ini. html

Does the End Justify the Means? Essay

The ‘end justify the means’ is a philosophical maxim popularized by Niccolo Machiavelli during the renaissance era. This maxim is supposed to justify the actions of a leader or what Machiavelli calls ‘the Prince’, to do whatever is in his power in so far as the ‘end/s’ justifies the ‘means’ of attaining it. Machiavelli highlighted that the ‘end’ that a ‘Prince’ or a leader should focus on is the maintenance of his regime, authority or power. This theory is often mistaken as a standard principle usually by a few who rules a group of people, a community or a nation. They always believe that what they are doing redounds to the benefit of the majority. This few will not accept that what they have done is evil even if it produced good results for many people. History will tell us that many events in the past have gained favorable comments from some individuals but different from the point of view of the majority. Take the case of Hiroshima and Nagasaki bombing by the American forces during the war to weaken the morale of the invading Japanese forces in the Far East, which resulted to a lifetime tragic memory for thousands of Japanese victims (Walzer, 2004). If we are part of that era, perhaps we would simply say that it was the only way to stop the Japanese aggressors. For the Japanese and its allies, it was an evil act for the Americans to involve innocent Japanese civilians in the war. Leaping forward to the present era where people have become broad-minded and peace-oriented, many Americans have condemned the bombing of Hiroshima and Nagasaki and a number of big organizations have initiated moves to restore America’s image to the world especially to the Japanese people. But there are also sectors including the military who believe that the war would not have ended if the bombing was not done. Does the end justify the means in this case? Certainly not; according to Christine Smith in her article entitled, The End does not justify the Means, committing any acts of evil, regardless of any given circumstances, is always considered wrong. This writer may be right in saying this except that she fails to manifest the exact definition of evil in her statement. When the national interest is at risk to preserve democracy, the military is given a free-hand by the government to thwart rebellion. After a series of democratic process with maximum tolerance and the rebels adhere to their hard-line principle of a â€Å"coup d‘etat,† the military has the ultimate option to use arms. On the side of the relatives and advocates of the aggressive movement this could be evil, but on the side of the government and those against undemocratic process of government take-over, this could be reasonable. Let’s analyze another case, the downing of Korean Airlines Flight 007 in Russia way back 1983 which carried 269 passengers including the crew where most of the victims were Americans and Koreans. It was argued by Russia that the plane violated its airspace, with a hint that it was a spy plane, which led to its ultimate decision to shoot it down, while the U. S. quickly denounced the brutal act of Russia, justifying the cause of air space violation as an aeronautical miscalculation of the pilot. As far as the Russians are concerned, the end justified the means, but on the side of the Americans and Koreans, that was an act of terrorism. In this particular case, the element of ideology has to be refuted. While the brutal act was considered by the Russians as a way to suppress any threat to their ideology, they did it in any way possible even if the world would condemn it as an evil act. Russians believed that the tragic end has justified the means involving the interest of the Soviet Union. Given that it was an aeronautical error to violate airspace, Russia should have instructed the pilot of the ill-fated airplane to follow an emergency landing for investigation concerning the alleged espionage instead of downing it, considering that it was a passenger aircraft and not a military one. Even assuming that it was a language barrier between pilots that could have been the cause of the immediate military response, still it can never be justified. On the part of the victims’ relatives, the incident was intentionally done and Russians must be stiffly penalized. For a few who ruled the military, it was part of an exercise. For communist allies, it was the right thing to do, but for the rest of the world, it would be remembered as a massacre in the sky. Same is true for any kind of religion which has a great concern for human life; the act was inspired by the devil. In cases of tortures, human rights abuses, military actions and capital punishments, the end may not justify the means. Even if the ultimate result is good for the majority or even to a nation, if the means was done in a vicious way, then, that could never be justified. But for soldiers who are engaged in war, it is entirely a different philosophy. A soldier has to follow orders from his superiors to protect the sovereignty of a nation, that’s his duty. When he goes to the jungle in search for the enemies, he carries with him a mandate from his superiors. But when he is out there to engage in combat, a different scenario occurs. He becomes primarily concerned about his own life and to return to his family alive, the mandate becomes secondary. Very few want to be a hero and much lesser to be friendly with the enemies. A soldier is a military machine, that’s how he was honed and oriented; he has to kill the enemy before the enemy kills him. He has to execute a rapid action if his life is endangered. That’s the game of war, that’s the game of chance if he wants to survive. But if a soldier is engaged in killing innocent people just because he could not identify the enemy exactly, then, his action does not justify his motive. If he tortures an enemy or a group of people in search for truth, it can be held unjust. If he is trigger-happy and involved in mass execution because he fails to identify the enemies exactly, he must be condemned and be subject to a court-martial. There can never be an excuse for killing people at an instant without concrete evidence backed up by reliable logistics, and in so doing, his conscience must be directly involved. But how do we gauge and monitor his professionalism in the battlefield? A soldier is dispatched with a troop and a leader who keeps track of all his moves. There is a saying that â€Å"foul odor will always come out in the open,† especially when the victim’s relatives submit a complaint with corresponding evidence. Let’s take a look at Teresa M. Hudock’s article entitled, ‘The End Does Not Justify The Means’. She said that the best example of a credible perfectionist is one who does not use military force and violence in any given circumstances, even in self-defense, and he must be an advocate of human rights. This might be an ideal scenario. War or no war, when life is at stake magnanimity will be a subject for legal arguments especially when self-defense is in question. No person will allow others to take his life without doing anything except for born-heroes. Therefore, justifying the end by the course of action taken depends on how people look at it and it varies on the standpoint of different sectors of the society. In essence, the end does not always justify the means. Nonetheless, there are extreme instances or ‘supreme emergencies’ wherein the ends bring about the greater good which justifies the means of attaining it. References: Hudock, T. M. The End does not Jusifies the Means. Retrieved on January 26, 2009, from http://www. usc. edu/dept/LAS/ir/calis/pdfs/171w. PDF Machiavelli, N. (1515). The Prince. http://www. constitution. org/mac/prince00. htm Smith, C. (2008). The End does not Justify the Means. Retrieved on January 25, 2009, from http://www. nolanchart. Com/ article4573. html Walzer, M. (2004). Emergency Ethics. New Haven and London. Yale University Press. P. 33-55