Saturday, May 23, 2020
Notes On Life Greatest Treasure - 882 Words
Life Greatest Treasure 2. Why is this rickshaw driver from India so happy if he barely makes enough money to survive every day? The main reason I think this man is as happy as the average American, is because he does not know any other way of living. For example: people were happy before Ethernet existed, but now what happens if you take the Ethernet away from someone that has used the Ethernet? They will probably go mad. It doesnââ¬â¢t surprise how happy this person is, and I think hes the envy of a lot of people. He is strong, healthy and has a family that supports him. I have seen a lot of rich people that have all the money in the world, but they donââ¬â¢t have health, and they say they would give all their money for health if they could. 3. If I could rank my happiness from zero-ten (0 being not happy at all, and 10 being the happiest person in the planet). I would give myself a nine, because thanks to god I have everything I need. What do I need to reach a ten? Fulfilling my dream of making history, would be my last step for an eternal happiness. Even If I donââ¬â¢t fulfill my dream ill still make it to the eternal happiness, once Iââ¬â¢m wiser. What most surprised me about the percentages, was that 50% was DNA. Probably my dad is as happy as me, but hes not the type of show his emotions. 4. The hedonic treadmill, also known as hedonic adaptation, is the observed tendency of humans to quickly return to a relatively stable level of happiness despite major positive orShow MoreRelatedGreat Inventions and the Patents for Them Essay example708 Words à |à 3 Pagescreating an invention, make an engineering drawing is so important. There are so many great inventions in the world, but before they come to the public, they were just a piece a paper When it comes to the greatest invention of the 19th century, people all have their own answer. I think the greatest invention is aircraft. Started from history, there were so many people that looking forward to the sky. The human body is too heavy for flying like a bird, so people gave a piece of papers ability to flyRead MoreChristian Allegory in Beowulf1027 Words à |à 4 Pagespoet leave little speculation on what this lair is to symbolize. The heroic Beowulf has no doubt descended into the symbolic hell to do battle with the demon and act as Savior once again. The final example of symbolism is seen at the end of Beowulfââ¬â¢s life. The great warrior is now a kind of his own land and faces his own monster. The monster that has invaded and terrorizing his kingdom is none other than a dragon. A dragon that is said to ââ¬Å"quote about dragons looksâ⬠(pg #). The poet choosing a dragonRead MoreBeowulf: the Pagan Christian Epic Hero1569 Words à |à 7 Pagesto beat the monster with his own super strength. This is important because it shows how he has veered away from his dependence on God to fight his battle. Beowulfââ¬â¢s strength is greater than anything ever seen in a warrior. It is also important to note that Grendel is also considered supernatural because of his strength. He is seen as a superhuman monster. Grendel has no knowledge of weapons and depends on his powerful strength to destroy his enemies (Block, 2008). Beowulf fights with Grendel untilRead MoreUnderstanding The New Kingdom Of Egypt1723 Words à |à 7 Pagesd aily life but rather an appeal to a higher authority with its domain existing high over the secular world. Nevertheless, whether considered a madman and a heretic, or the political and religious genius who established the worldââ¬â¢s first worldview based on the worship of one single god, the religion of Egypt has exerted a spellbinding fascination among the world religions. Somehow, we want to be modern people with our usual beliefs in one of the five great world religions, yet the religious life ofRead MoreSignificance of Cosmology on Ritual and Music Culture in Early China730 Words à |à 3 PagesMarquis of Yi will serve as an archeological illustration of the significance early Chinese placed on music and ritual. The first Chinese musical instruments were created almost three thousand years before Christ and the first and most fundamental note that in turn gave rise to the rest of music theory in China. What is remarkable about the Chinese music system is that the governing tone and pitch referred to as the ââ¬ËYellow Bellâ⬠has origins in elements of musical sanctity and cosmologic harmonyRead MoreGood vs. Evil1659 Words à |à 7 PagesGrendel when, ââ¬Å"Suddenly then the God-cursed brute was creating havoc: greedy and grim, he grabbed thirty men from their resting places and rushed to his lairâ⬠. (Beowulf 120-124). Grendel lives in the darkness and has absolutely no remorse on human life. This shows a very big quality of an evil being and how the Anglo-Saxons viewed evil in forms of monsters. Evil is also thought to be greedy and according to the poem, Grendelââ¬â¢s ââ¬Å"thoughts were as quick as his greed.â⬠Christian beliefs were broughtRead MoreDangers of Acqui ring Knowledge Illustrated in Mary Shellyââ¬â¢s Frankenstein1075 Words à |à 5 PagesHow Dangerous is the Acquirement of Knowledge? Mary Shellyââ¬â¢s Frankenstein Although Mary Shelly did not have a formal education growing up motherless in the early nineteenth century, she wrote one of the greatest novels nonetheless in 1819, Frankenstein. The novel has been the basis for many motion picture movies along with many English class discussions. Within the novel Shelly shares the stories of two men from very different worlds. The reader is introduced to Robert Walton, the main narratorRead MoreA Study in Portraits ââ¬â Da Vinci and Van Gogh1434 Words à |à 6 PagesA Study in Portraits ââ¬â da Vinci and Van Gogh Two of the greatest artists of all time would have to be Leonardo da Vinci (1452 ââ¬â 1519) and Vincent Van Gogh (1853 ââ¬â 1890). Da Vinci was an artistic genius, as well as an ingenious inventor and scientist, while Van Gogh was an artistic savant whose mental instability cut short a career of wonder and enlightenment. Both artists presented works that made people look both outside at the artwork itself as well as inside the individual viewer in orderRead MoreCrime and Punishment Quotes921 Words à |à 4 Pagesmen are most afraid of. Ãâ"Rodion Romanovich Raskolnikov By saying this Raskolnikov suggests that men are capable of doing whatever they wish, and the only thing that holds them back are their fears. Because of this Raskolnikov wonders what mans greatest fear is, and with that comes the one thing that no man is capable of doing. 2. Ãâ¦for though Pyotr Petrovitch has been so kind as to undertake part of the expenses of the journey, that is to say, he has taken upon himself the conveyance of ourRead MoreCinema Paradiso878 Words à |à 4 Pagesfather-son relationship in this movie. Although Totoââ¬â¢s father dies in the war, the real father-figure in his life ultimately ends up being Alfredo. He takes the mischievous, troublemaking Toto and raises him to become a successful man. Whenever Toto gets in trouble, Alfredo is there to support him. Through him, Toto learns that he has the potential to become something great. The greatest message Tornatore gets across in this film is the power of companionship. Be it Totoââ¬â¢s relationship with his girlfriend
Tuesday, May 12, 2020
federalism Essay - 1209 Words
Federalism nbsp;nbsp;nbsp;nbsp;nbsp;The United States Government is beloved to all Americans, in the simple fact that all men are created equal and all men are given equal opportunity, to aspire to achieve success and make their dreams come true. Although the percentage of people who achieve all of their goals in life is fairly small, they have the freedom to chase them and America for the most part is a pretty content place. The ââ¬Å"law of the landâ⬠that sets the standards for our rights and privileges is the U.S. Constitution. nbsp;nbsp;nbsp;nbsp;nbsp;As pretty and proper as the U.S. Constitution sounds, there has always been and always will be some conflicts and concerns about different laws and amendments and even values thatâ⬠¦show more contentâ⬠¦However with all the power that the President possesses there are also many limits set on him, including the length of time he is allowed to hold his job. However the President who runs the entire country, is appointed by the states. nbsp;nbsp;nbsp;nbsp;nbsp;This power and compromise is also included amongst the Congress. Each state appoints members of the legislature. Each state gets an equal numbers of electors in the Senate and the House of Representatives. The President is also required to take an oath before he takes over in office. ââ¬Å"I do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, 1`protect, and defend the Constitution of the United States.â⬠Adams had the brilliant idea of Checks amp; Balances where he broke the government into three branches; the president, Congress, and the judiciary. Each of them had power but no one branch would be allowed to enjoy a monopoly of power. However when problems did occur each branch was allowed to put their two cents in and try to resolve whatever conflict that arose. nbsp;nbsp;nbsp;nbsp;nbsp;However there are times when the Constitution puts its foot down, and prohibits power of the states . A big example of this is Article 1, Section 10. It lists all powers prohibited of the statesShow MoreRelatedFederalism And The Other Federalism849 Words à |à 4 PagesIââ¬â¢ve researched different texts and different information on the topic of federalism to have a good understanding and knowledge of it. I found many sources of great information to learn about federalism and how it influences many countries in the world that we know today. My goal in this paper is to give a good understanding to what Iââ¬â¢ve learned and give great detail on federalism and the other Federalism is when two or more levels of governments share the same power over theRead MoreEssay on Federalism1371 Words à |à 6 PagesFederalism Federalism is a widely accepted system of government in North American cultures. To many North Americans it seems to be the obvious choice for all world governments, but this is not the case. In all honesty, federalism is a fairly unique form of government. Out of approximately two hundred nations on the earth one hundred and eighty states practice unitary forms of government, leaving only twenty or so as federal nations (Winchester, 1999). Unitary forms of government consistRead MoreDifferences Between Dual Federalism And Cooperative Federalism969 Words à |à 4 Pagesdual federalism and cooperative federalism? Be sure to fully address what federalism is and why it was created. 1000 words. Dual federalism is a term used to describe a circumstance in which national and state governments are sovereign and equal within their constitutionally allocated spheres of authority. Federalism is a concept that refers to a system of government in which power is shared between the national and non-national governments. Cooperative Federalism is a model of federalism in whichRead MoreFederalism in India3277 Words à |à 14 PagesFEDERALISM IN INDIA Federalism is a basic feature of the Constitution of India in which the Union of India is permanent and indestructible. Both the Centre and the States are co-operating and coordinating institutions having independence and ought to exercise their respective powers with mutual adjustment, respect, understanding and accommodation. Tension and conflict of the interests of the Centre and the respective units is an integral part of federalism. Prevention as well as amelioration of conflictsRead MoreFederalism Essay1956 Words à |à 8 PagesFederalism The Constitution of the United States was drafted at a time when our country was in dire need of many answers to political and social questions. In addition to many other things, the drafters of the Constitution were concerned with solidifying our central government and the Constitution was intended to provide a solid structure from which our burgeoning nation could grow. The Constitution gave explicit powers to the federal government and provided the states with the Tenth AmendmentRead MoreFederalism Is Considered Centralized, Or Contrarily Decentralized Federalism?1881 Words à |à 8 PagesFederalism can be perceived as quite complicated although, when explained can be quite simple. Its basic definition is that it is the share of powers between national and subnational governments. Canadian federalism was born along with the country in 1867 and has prospered ever since. Canada as a federation has evolved tremendously since its early years where it mostly started as a centralized s tate. After the World Wars, Canada progressed to become the decentralized country we know today. The resultsRead MoreFederalist And Dual Federalism1257 Words à |à 6 Pagesthe individual states, most policy more closely reflected the peoples of the region. When it became clear that the Articles of Confederation were no longer working for America, the Federalists proposed a new system of Federalism, later named Dual Federalism, or ââ¬Å"Layer Cakeâ⬠Federalism. That system was based on the premise that there are two distinct, separate spheres of government, national and state. That new Federalist system of government based on the Federalist party ideals featured a strongerRead MoreFederalism Vs. Cooperative Federalism1148 Words à |à 5 PagesFederalism is a critically important concept in helping to understanding the American political system. The Founding Fathers of the United States had to answer important questions on how to handle power and responsibility between the s tates and national government. They did not want to have a situation where the federal government had all the power. They had just fought a war against Britain because of that idea. However, they did not want each individual state doing essentially whatever they wantedRead MoreFederalism Vs. Cooperative Federalism1469 Words à |à 6 PagesRight now the current form of Federalism that the United States uses today is called New Federalism, or Cooperative Federalism. Cooperative Federalism was created as a political model around 1937 that emphasized ââ¬Å"teamworkâ⬠between the National and State governments. This was created to ensure that both governments would work together in order to provide services more efficiently in the Nation. This is why Cooperative Federalism is appealing to this day and still exercised, because the U.S. has stillRead MoreThe Federalism Of The United States1119 Words à |à 5 PagesAmericans utilize the Federalism idea as putting into effect the Con stitution for Federal, State, and Local governments. These areas are served as different areas with different needs and goals within the federalist theory. The National Government has expressed powers over the nation and subjects that effect our nation. The State has limited powers that are involved within the Stateââ¬â¢s boundaries. The local government is expressed to help regulate the states. All together the governments make one
Wednesday, May 6, 2020
What is Culture Free Essays
According to Kroaber and Kluckhohn, culture is a compound word which is not easy to explain. The word was used mainly in the late ninetees and the scientists became fascinated from this. To really get to know about culture, some suppositions are to be taken. We will write a custom essay sample on What is Culture? or any similar topic only for you Order Now This is generally based on the person himself how he perceives it and react to it, the special values that are showcased by him, certain features of culture can be seen directly. Culture is not a thing that a person born with it, it is relocated by personal experience and by the society itself. In ancient times, people donââ¬â¢t know much about culture so they think itââ¬â¢s a thing a person is born with. The suppositions that are taken are generally unquestionable. Most of the behaviour features that a person obtains are from interacting with the society. These features creates ideas in our how to respond to incentives. Culture is shared among people not contained in himself. The more compound the system becomes basis on class, religion the more compound the culture becomes. As values and morales comes from within the same way culture comes from within. As branches of culture widens, the norms come into existence for the maintenance and regulation of it. culture is like knowledge that canââ¬â¢t be created but passed from one generation to other generation by maintaining the norms and the rules and regulations. But due to these norms their thinking capabilities gets restricted and face consequences. As its passed from generations, it gets evolved over a period of time, by sharing and taking the ideas from others. Mixing of the culture is not an easy task, it is highly questionably and more chances of getting rejected. Only some characteristics can be taken easily which benefits their benefits. University of Groningen the Power of Culture a Short History of Anthropological Theory about Culture and Power Hans Schoenmakers According to this there are certain relationship of culture with power. There are certain factors that can reinterprate the social and the so called political relations in a region. It is necessary for the people to know about the relationship between the political power and the culture as mainly in manifestos this is a topic which is being raised many times to gain vote for winning the elections. By many researches it was found that it was not easy to co relate it with power. It is dependent on certain assumptions. Political science is mainly focused on the fact that has an orginal source, concepts, theories. It can be co related with the society as individuals or group may takedown others. This has to be thought by having a critical thinking about the politics to relate it. Researchers introduced an idea that culture and power are the two fields that gives structure to the society. Certain philosophers brought ideas of civilisation that the way a person lives and works according to it. As there are many definitions of culture given by different philosophers, social researchers that it became very difficult to interrelate these all definitions were given by their own experience, researches. Wolf states that cultured is not something that is simply shared but is evolved and came into existence by the group that has power. Wolf mentions that his inspiration is Marxism to think about the structural power. Marxism is all about class struggles like the aristrocrates and peasants.Today we are living in a society which is under stress and is busy in work that they donââ¬â¢t even question the system how they are exercising or misusing their powers to run the system. Is Female To Male As Nature Is To Culture -Sherry B. Ortner My interest in this case is more than academics. To look changes in the social groups of the doors that are opened for men as well as women. According to my experiences and from research I conclude that we are up for something big and not seems easy to gain without any bads. Many parts of the country women are still treated as inferior comparing with men, their main job is to serve the family take care of their children and is not allowed to go outside. Here the dominant group is men as women are not opposing them, there can be certain reasons for it because they get a feel of security from the outside and a roof to live in and the pleasures she can get. Each person borns freely and dies freely but the culture in a society tells you how to live and die. In every research related to status of women in ancient times they were always placed below men and prohibited to do task that men does and some are treated very badly and the infamous sati system. For the continuation of culture, each individual have to be socialised among them. The culture here doesnââ¬â¢t plays the role of devaluing the women but restricting the access to live and enjoy certain rights and to move along with men shoulder to shoulder. Political institutions are now recognizing the position of women imposing policies for the upliftment of them, reservations for them so this will increase our economical and national reputation. How to cite What is Culture?, Papers What Is Culture Free Essays WHAT IS CULTURE? Culture is a word frequently used by people everywhere most times they use it to make a point clear to someone else in the way they see and interpret things. We all practice culture in one way or another even though most people do not notice it. One thing clear to us is that culture is attached to everything we do. We will write a custom essay sample on What Is Culture or any similar topic only for you Order Now Williams and Geertz both portrayed quite similar and different ideas towards culture in their essays. Williams noted that culture is a whole way of life, (pg. 1) this is in the sense that in everything we do we apply culture. The way we talk, eat, worship and so on culture is depicted inside it. For example, in a family it is possible that before they eat they wash their hands and say a prayer; right there a part of culture is shown. Also in a way it shows that culture is ordinary. Culture does not necessarily mean it has to be something of a big event, the tiniest things we do can portray culture. Geertz divided his view of culture into three parts known as culture theory. He also mentioned that culture is an acted document and also described it to be public. For culture to exist it has to be practised. Geertz made a point by saying culture is an acted document because the name culture is not something we just have to know, we put culture into action and for it to be public means people have to notice it. If a particular group of people have a certain culture they depict it is important that others are aware about it, because that way they can share ideas and appreciate the works of others. This shows that culture is included in everything we do. Williams also included in his essay that culture is like a journey. He used the word like to distinguish the distance between culture and journey. Culture is like a journey in the sense that it continues to grow from generation to generation. Even if the people decide to stop such culture, it will still be in history that they practiced it and history cannot be erased. Again culture is included in everything we do including the way history is being taught. According to Geertzââ¬â¢s essay he said that, ââ¬â¢Culture has different meanings and is shown in different waysââ¬â¢. In a world filled with over a billion people we do not expect everyone to be exactly the same. We all have our different likes and dislikes, we have different attitudes and we look differently. The same thing applies to culture our way of life does not have to be the same as the person next to us, that is what makes culture interesting and broad. Our culture and the way we see and read meaning to it might not be the same way a stranger sees and interprets it. And for culture to be shown in different ways proves the fact that culture is also a form of being creative. Again culture is attached to everything we do including creativity of the body and mind. Williams described culture in another way he used the teashop as an example of where cultivated people went to. When people use the word uncultured the first thing that comes to their mind is when someone does something insane or disgusting. In the case of the teashop Williams said he was intimidated by the people that went to the teashop meaning he felt uncultured he did not get why they went there to just sip tea or coffee meanwhile to them it was a normal thing. If people find going to a teashop very intriguing and important as little and unimportant as it may look it shows that they follow a certain style of culture, this is just another idea that culture is attached to everything we do. Geertz said that people should read meaning to culture (pg. 13). When we meet other people with different culture, it is courtesy to understand their culture. We should not start judging them because of the things they do. Most times when they figure out that we appreciate their culture they tend to open up more easily and that is the best way to start a relationship with another. How to cite What Is Culture, Essay examples What is Culture Free Essays According to Kroaber and Kluckhohn, culture is a compound word which is not easy to explain. The word was used mainly in the late ninetees and the scientists became fascinated from this. To really get to know about culture, some suppositions are to be taken. We will write a custom essay sample on What is Culture? or any similar topic only for you Order Now This is generally based on the person himself how he perceives it and react to it, the special values that are showcased by him, certain features of culture can be seen directly. Culture is not a thing that a person born with it, it is relocated by personal experience and by the society itself. In ancient times, people donââ¬â¢t know much about culture so they think itââ¬â¢s a thing a person is born with. The suppositions that are taken are generally unquestionable. Most of the behaviour features that a person obtains are from interacting with the society. These features creates ideas in our how to respond to incentives. Culture is shared among people not contained in himself. The more compound the system becomes basis on class, religion the more compound the culture becomes. As values and morales comes from within the same way culture comes from within. As branches of culture widens, the norms come into existence for the maintenance and regulation of it. culture is like knowledge that canââ¬â¢t be created but passed from one generation to other generation by maintaining the norms and the rules and regulations. But due to these norms their thinking capabilities gets restricted and face consequences. As its passed from generations, it gets evolved over a period of time, by sharing and taking the ideas from others. Mixing of the culture is not an easy task, it is highly questionably and more chances of getting rejected. Only some characteristics can be taken easily which benefits their benefits. 2. UNIVERSITY OF GRONINGEN THE POWER OF CULTURE A SHORT HISTORY OF ANTHROPOLOGICAL THEORY ABOUT CULTURE AND POWER HANS SCHOENMAKERS According to this there are certain relationship of culture with power. There are certain factors that can reinterprate the social and the so called political relations in a region. It is necessary for the people to know about the relationship between the political power and the culture as mainly in manifestos this is a topic which is being raised many times to gain vote for winning the elections. By many researches it was found that it was not easy to co relate it with power. It is dependent on certain assumptions. Political science is mainly focused on the fact that has an orginal source, concepts, theories. It can be co related with the society as individuals or group may takedown others. This has to be thought by having a critical thinking about the politics to relate it. Researchers introduced an idea that culture and power are the two fields that gives structure to the society. Certain philosophers brought ideas of civilisation that the way a person lives and works according to it. As there are many definitions of culture given by different philosophers, social researchers that it became very difficult to interrelate these all definitions were given by their own experience, researches. Wolf states that cultured is not something that is simply shared but is evolved and came into existence by the group that has power. Wolf mentions that his inspiration is Marxism to think about the structural power. Marxism is all about class struggles like the aristrocrates and peasants Today we are living in a society which is under stress and is busy in work that they donââ¬â¢t even question the system how they are exercising or misusing their powers to run the system. 3. IS FEMALE TO MALE AS NATURE IS TO CULTURE -SHERRY B. ORTNER My interest in this case is more than academics. To look changes in the social groups of the doors that are opened for men as well as women. According to my experiences and from research I conclude that we are up for something big and not seems easy to gain without any bads. Many parts of the country women are still treated as inferior comparing with men, their main job is to serve the family take care of their children and is not allowed to go outside. Here the dominant group is men as women are not opposing them, there can be certain reasons for it because they get a feel of security from the outside and a roof to live in and the pleasures she can get. Each person borns freely and dies freely but the culture in a society tells you how to live and die. In every research related to status of women in ancient times they were always placed below men and prohibited to do task that men does and some are treated very badly and the infamous sati system. For the continuation of culture, each individual have to be socialised among them. The culture here doesnââ¬â¢t plays the role of devaluing the women but restricting the access to live and enjoy certain rights and to move along with men shoulder to shoulder. Political institutions are now recognizing the position of women imposing policies for the upliftment of them, reservations for them so this will increase our economical and national reputation. How to cite What is Culture?, Papers
Saturday, May 2, 2020
Financial Analysis of Singtel free essay sample
As my research and analysis project topic chosen is the ââ¬ËTopic 8: An analysis of business and financial performance of an organization over a threeââ¬âyear periodââ¬â¢, I have selected Singapore Telecommunications Limited (SingTel) to be my research organization from 1 April 2007 to 31 March 2010. Business analysis is the discipline of identifying business needs and determining solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement or organizational change or strategic planning and policy development. It focuses on the needs of the business to achieve its corporate objectives and develop the strategy. Financial analysis refers to the finance function of the business and examines its historical data, such as financial statements, to gain the information about the financial health of the business. And it can be used in a wide variety of ways to help managers to make their critical decisions, just as Alan S. Donnahoe wrote in his book What Every Manager Should Know about Financial Analysis. In a very real sense, finance is the language of business. Goals are set and performance is measured in financial terms. Plants are built, equipment ordered, and new projects undertaken based on clear investment return criteria. Financial analysis is required in every such case. â⬠In summary, the analysis of business and financial performance reflect a clearer picture of the organization about its activities, strength, weaknesses and potential problems and also can provide more useful and wider information to the users who are interested in. 1. 2 Reason for choosing the topic and the organization This topic allows me to get deeper and better into the understanding of business and financial analysis. With the availability of annual report, I can apply my theoretical knowledge of P2 and P3 in real practical organization. Furthermore, it is also helpful to improve my skills in financial analysis areas as my dream position is CFO of my future career. The reason to choose SingTel as my research organization is that this organization is familiar to me as I am currently the client of SingTel which I have a better understanding of it than other organizations. And nowadays, the telecommunication industry plays an important role in our daily life that everyday we need to contact our family and friends by using phones and internet. In fact, SingTel is the largest company by market capitalization listed on the Singapore Exchange (Wikipedia2010) and I am interested in its success that I want to know more about it. 1. 3 Objectives of report This projectââ¬â¢s objective is to evaluate the business and financial performance of SingTel over a three-year period by applying the accounting knowledge and skills from ACCA learning. By doing this, it is not only to improve my studies and gain confidence, but also make the information from financial statements easier for users to understand and make decisions. 1. 4 Research questions My report aims to solve and analyze the following concerns related to SingTelââ¬â¢s success: â⬠¢ How is the probability and liquidity analysis of SingTel in these three years? â⬠¢ What factors helped SingTel to become one of the most successful international companies in Singapore as there are not many international companies in Singapore? â⬠¢ What are the challenges faced by SingTel? What are the future prospects of SingTel affected by the economic downturns? â⬠¢ What are the strength, weakness, opportunity and threat of SingTel in its business environment? 1. 5 Research and Analysis Methodology Secondary source is my major approach to gather research information which is mostly available in SingTel annual report and other authorââ¬â¢s analysis of it that can b e searched on internet and in the library. My research and analysis section has four parts: Firstly, the ratio analysis of the financial performance of SingTel during three-year period is compared among each year. Secondly, SingTel will be compared with M1 which is also in the telecommunication industry for the benchmarking for the past three years which can enhance the overall analysis of the report. Thirdly, PESTEL analysis model is used to analyze the macro-environment of the company for the business performance. Finally, there is a SWOT model used to have a deeper analysis both in the internal strength and weaknesses and in the external opportunities and threats. Chapter Two: Information gathering analysis method used 2. 1 Source of information Information gathering is the first step during the process of my project. Learning to develop effective information gathering strategies will help me understanding the organization in a number of different ways. And all the sensible judgments and effective techniques depend on that sufficient and quality information. Generally, there are two types of information sources: â⬠¢ Primary source: it refers to a term used in a number of disciplines to describe source material that is closest to the person, information, period, or idea being studied (Wikipedia2010), i. . it can be collected by interviews, surveys, observation or questionnaires. It serves as an original source of information about the topic. â⬠¢ Secondary source: it collects from a document or recording that relates or discusses information originally presented elsewhere (Wikipedia2010). It can be collected both externally and internally. Internally, it can be gained from records or documents within the organization. Externally, the information from relevant reports in newspapers, magazines or journals has been gathered for you. It is less timely cost than primary data, but it has risk once these information collected by others which are lack of judgments or appropriate sampling. 2. 2 Collection of data As we know, the primary source is more reliable than secondary source. However, it is timely consuming and costly whereas there are constraints of time and confidentiality which it is unlikely to obtain sufficient information in a short time. This report is an analysis of business and financial performance of SingTel which can get relevant information from annual report of the company from website. Therefore, I use secondary source for information gathering during my RAP. 2. 3 Source of data My main source of data relies on secondary source. The methods use to gather information as following: â⬠¢ Internet â⬠¢ Newspaper â⬠¢ Relevant books â⬠¢ Library 2. 3. 1 Internet Nowadays, internet is regarded as one of the fastest and most convenient method to gather information. We can access the information by search engines, such as Google and yahoo, which can facility us to locate all the relevant websites. With the help of internet, I downloaded the annual reports of SingTel and M1 from their company websites which are very useful for both financial and non-financial analysis. In addition, I also visited other websites to gather more information about the backgrounds, history and activities profiles of SingTel. 2. 3. 2 Newspaper In Singapore, it is easy to get information from newspapers which every weekday there are free newspapers to allocate in the MRT station during the lunch time which is convenient to know about the big news happened on time. And I also bought some other newspapers to gather relevant information to further the business and financial knowledge of my report, such as and . 2. 3. 3 Relevant books Relevant books play an important role in the process of information collection. They help me to clear my thoughts and ideas by the guidelines provided, such as text books. 2. 3. 4 Library The National Library in Singapore provides a large amount of information about the techniques and applications of financial and business analysis that make me have an in depth knowledge. The different opinions and perspectives by other authors also help me to enhance the understanding of the financial and industry environment of SingTel. 2. 4 Limitations of information gathering As above, my information gathering mostly depends on secondary source due to some limitations of time and cost which may not as reliable as primary source. And, even though SingTel is one of the most transparency companies in Singapore stock market, there are stills some limitations during the gathering of information because of the confidentiality. 2. 5 Ethical issues I am strictly following the requirements by Oxford Brooks University that all students undertaking research need to comply with the Universityââ¬â¢s Code of Practice ââ¬ËEthical standards for Research involving Human Participantsââ¬â¢ and rules, policies, and regulations for information gathering. During my process of information gathering, I selected information from the reputable websites and books with clear reference in my RAP which is transparency to the public. Any sensitive and confidential information against ethical and professional issues is not disclosed in this report. 2. 6 Accounting and business techniques used In order to have an effectively and completely analysis of business and financial performance of the company, the accounting and business techniques used are important to adopt: â⬠¢ Ratio analysis: an analysis of financial performance of SingTel from profitability, liquidity, long-term insolvency and investment ratio to reflects its financial condition, its attractiveness and its operations as an investment. It enables the manager to spot the trends in the business and compare its own ratios for several successive years, watching especially for any unfavorable trends that may be starting. Benchmarking: It is the process of comparing ones business processes and performance metrics to industry bests and/or best practices from other industries (Wikipedia2010). It is a good tool to improve the business to identify its comparative strengths and weaknesses. â⬠¢ PESTEL: it describes a framework of macro-environment factors used in the environmental scanning component of strategic ma nagement affected the company as political, economic, social, technology, environmental and legal. It will help the company to understand these external factors to respond if there is any changes, even they cannot control them. â⬠¢ SWOT: it summarizes the key issues from the business environment and the strategic capability of an organization that are most likely to impact on strategy development (JSW). This enables users to recognize the strengths and weaknesses within the organization to take the opportunities or to overcome the threats outside the organization. 2. 7 Limitations of accounting and business techniques used During the process of ratio analysis, it is based on historical data which the future performance may not be in line with the trends analyzed from past information since the changes always exist. Due to the constraints of time and confidentiality, there may not have sufficient information gathered for making a good PESTEL and SWOT analysis. In benchmarking, different companies may have different accounting techniques and policies used which may affect the reliability. Chapter Three: Research, Analysis, Conclusion and Recommendation 3. 1 Background of organization 3. 1. 1 History Singapore Telecommunications Limited, commonly known as SingTel, is a telecommunications company, providing a diverse range of communication services and solutions, including fixed, mobile, data, Internet, info-communications technology, satellite and pays TV with a combined mobile subscriber base of 285 million customers from its own operations and regional associates at the end of December 2009. The history of SingTel can be traced back to 1879 when the Singapore became one of the first cities in the east to have telephone services; three years after Alexander Graham Bell patented his invention. In 1988, a subsidiary, Singapore Telecom International, was formed. This marked the beginning of SingTelââ¬â¢s expansion into overseas markets. In 2005, SingTel launched its commercial 3G services in February. And then Mio TV was launched commercially on 20 July 2007 and began its services on 21 July 2007. On July 10 2009, Apple Inc. and SingTel announced that they are launching iPhone 3GS commercially. In Singapore, SingTel has 130 years of operating experience and has played an integral part in the development of the country as a major communications hub in the region.
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