Gender role Essay

Gender role/expectation that exists in contemporary Japanese society Discuss one gender role or expectation that exists in contemporary Japanese society, please talk about: 1. how/why this role emerged and 2. provide examples of how men and/or women are changing and resisting/subverting this gender role/expectation. In Japan, traditional gender roles are characterised by a strong sense of patriarchy in society, this is a male dominated country with a distinct separation of gender roles. In the family, this refers to the idea that the man is a breadwinner and the woman is a homemaker. At the workplace, there is a strong male dominance in the company hierarchy. Generally, men have more career opportunities, often life-time job and good salary, and women are considered to be temporary employers, expected to stop working after the marriage or childbirth. Working women generally take on non leadership roles, so this reduces the possibility to climb on career steps. Childcare is regarded as the mother’s responsibility and the father’s domestic role is limited in helping to repair something and playing with children on weekends. Wives spend lot of time inside the house, and husbands – outside. Today this situation is a little bit changing, but still, remains the idea that man stands few steps higher than women, especially at work places and at government institutions. Gender roles and attitudes towards these roles among young generation’s couples are changing in a good way – men spend more time with their children, and women have more opportunities in their career, especially in international context. Young people, travelling abroad and then coming back to Japan begin to be more flexible and more elastic in this strict Asian country. They bring new waves, new feelings and new experiences, so it is natural, that little change towards the equality between man and woman is coming also. Then the old generation is less flexible than young Japanese people – attitudes are changing, but their behaviour is not. Nowadays, we can see optimistic alterations, for example, some sociologists claim that with the rising problems faced by the Japanese economy, there have been changes in the structured patterns of gender in both the family and the workplace. Economic recessions in this country have forced many women to enter the labour force in order to increase the level of income. With an increasing number of women in the labour force, the existing gender ratios have been altered favouring increased gender equality. Changes in the family can be seen in the presence of omiai, the traditional arranged marriage. Women are also marrying later, with the average age of first marriage at 28-29 years in 2005, compared to 25 years in 1983. For increasing equality between gender roles, the government began to pass legislation such as a Gender Equality Law, which aimed to set broad new principles for Japanese society. In addition, government legislation such as the Equal Employment Opportunity and Labour Standard Laws were set up to outlaw workplace discrimination and set up a definition for sexual harassment. These laws set the stage for a more equitable treatment of women and served as a positive step towards increased gender equality. (http://en. wikipedia. org/wiki/Japanese_law) Coming back to the discourse about marriage, in modern Japan, under the democratic constitution, marriage is supposed to be based on equal relations between man and woman. Polygamy is prohibited, and Japanese family is formed under the father as a head of household. The contemporary Japanese family, however, is changing rapidly because of lower birth rates, longer life expectancies, an increase in the number of one-person households, and later age at marriage. Globalisation and cheaper travelling has also positive transformations in gender roles and equality. As an example, I would like to tell about one young Japanese couple, I was living in their neighbourhood for 4 months. I have noticed that the wife is not subordinated under her husband, as I have read before in some articles about traditional relations between married couple. During my university classes I have read that traditionally husband and wife are expected to communicate as little as possible here in Japan. This situation is described as a domestic divorce. There is no conversation, communication and sexual relations between a husband and wife, but they do not divorce. Well, now I can say that not all the couples are like that. Wife’s and husband’s roles are changing in positive. This young couple, on my opinion, is really an ideal couple. They were dividing their house keeping roles without any dominating behaviour. I haven’t noticed more power on her or his behaviour. They were acting as a normal, equal couple. Of course, one gender role – mother’s role, is noticeable, and, I think, is still resisting in Japan. Being a good mother sometimes could be even more important than being a good wife or lover. The concept of motherhood in Japan has deep cultural and historical roots, and today’s women still believe in the power of caring their children as well as they can. Another role, man as the main breadwinner of the family, is also resisting. The perception of the man as a main householder is common also in the rest of world, especially in South European countries. On conclusion, we can see that young Japanese families are changing apparently. Men are more and more present in domestic activities and women are more and more able to combine work and house-keeping together. I am sure that now, in the 21st century, the Japanese family is becoming on gender-equality based family! 2 FOLLOWING QUESTIONS Depiction of gender in the Japanese media (advertising/ TV commercials) Researchers and sociologists recently are talking a lot about that the stereotypic portrayals of men and women found in mass media reinforce gender stereotypes in Japanese society. A limited literature and research on Japanese media suggests that gender stereotypes may be present in Japan. Theoretically, we can argue about the existence or not, but practically, it’s true. Stereotypes exist, and fairly strong, especially during the after war period and the past three decades. We can see it on TV, magazines and newspapers. Media is a reflection of mass culture. So it’s normal to see these stereotypes depicted in media. Over the past decade gender stereotyping in television commercials has received particular attention. Some studies have reported either modest (Schneider & Schneider, 1979) or substantial decrements (Bretl and Cantor, 1988; Ferrente et al. , 1988) in stereotyping while others have found no significant changes in the portrayals of men and women over time (Lovdal, 1989; Maklin & Kolbe 1984). Of course, there is always big difference between woman and man, their role in society, work and family has different meanings and different approaches. For example, „boys are encouraged to be aggressive, become leaders, engage in sports, and grow into ‘macho’ men. Research by Sobieraj, 1998 (Children Now, Images of Men and Boys in Advertising, Spring, 2000), found in advertising for toys that these showed boys as â€Å"strong, independent, athletic, in control of their environments, adventurous, and aggressive. Girls are shown as giggling, gentle, affectionate, fixated on their physical appearance, and extremely well behaved. a (http://www. directessays. com/viewpaper/79101. html) I have watched some advertisements in TV, and noticed that women in these commercials are more likely to be young, beautiful, dependents, in the home and users of the products. They also are recommending some products without specific explanation how to use it or without the support of factual arguments (Men are better in to weigh in with an argument, I think). Men, on the other hand, are older, often â€Å"salarymen†, somewhere outside of the home and authorities on the products. They are also often explaining why the products are good and recommending items soundly. Even though some stereotypes about the presentation of gender in commercials persist (for setting, product type, voice-over), the recent study found an equal number of males and females appearing as primary characters in commercials during prime time. („Changing Gender Roles in Prime-Time Commercials in Malaysia, Japan, Taiwan, and the United Statesa, Mary Jiang Bresnahan, Yasuhiro Inoue, Wen Ying Liu and Tsukasa Nishida). Talking about gender stereotypes in Japanese media, maybe somebody would talk about women position and how this position is objectified. Of course, Japanese women in past few decades felt discriminated politically and economically. This unsafeness made them feel weaker, and maybe unappreciated. But we can also see it from the opposite side. We can think about how men are objectified. Especially, how the male ideal in Japanese media is becoming closer and closer to a woman (as I have mentioned about it in past sociology papers). Recent studies talk about some changes of stereotypic portrayals of men and women and also are investigating changes in gender stereotyping over time. As example, in one online magazine we can find that „although some indigenous gender stereotyping was evident, several traits previously associated with Japanese women (devoted, obliging, rattle-brained, superstitious) were associated with men. Also, men were not linked with certain stereotypical male traits (autocratic, blustery, forgiving, generous, and severe). (http://www. jstor. org/pss/4189063). Other findings included women being shown in a positive way as often as men. This means that women are represented almost in the same way as men, for example, if advertisement is promoting a high-price product, there is an equal number of man and women shown in commercials. Otherwise, it is evident that gender, sex and advertising are „workinga for only one purpose- to make people desire specific product and to buy it.   

How far is it applicable to management and employee motivation in contemporary Chinese organizations? Essay

Critically evaluate McGregor’s Theory X and Theory Y. How far is it applicable to management and employee motivation in contemporary Chinese organizations? During the 1960s the number of psychologists invented motivational theories, which aimed to increase organizations’ productivity. One of those is McGregor’s Theory X and Theory Y, in which he claimed that people can be managed in two extremes, based on the grounds of their needs. After publishing his work had a significant impact on management ideas. Head (2011) states, that in present days, his approaches of management can be successfully applied in different countries, as well as in China. However, despite the modernization of modern working environment in China, there are still the number of hardships that make the adaptation of his theories complex and difficult. From the year of publication, McGregor’s work made a significant influence on the management philosophy. Most of the management books include his theory as an example of the substantial step of management insights (Jastolka, 2009). It was stated by Head (2011), that most of the managers prefer to use one of those, instead of other approaches. Later, after McGregor’s publication the contribution for a deeper research of labor’s motivation was made. Also, McGregor’s work persuaded managers to believe that employees’ behavior can be predicted using scientific metho ds. Afterwards the research has been conducted, therefore the deeper understanding of human’s motivation can be gained (Head, 2011). The appliance of both methods can be successful, depending on which sphere the company is specializing in. According to Bobic and Davis (2003), adaptive approach, or Theory X works with highly routine and detailed tasks. Additionally, it is more appropriate for firms with bureaucratic structures (Kirton, 1978; cited in Bobic and Davis, 2003). Such organizations have hierarchical systems with clearly distinguished responsibilities and roles. Regarding to the innovative technique, or Theory Y, it responds more efficiently with complicated tasks that require special skills (Sorensen, 2011). In spite of listed advantages, McGregor’s work was criticized for the number of weaknesses. Firstly, technological development, new forms of businesses and other improvements in the organization of production leaded to the alteration of employees’ responsibilities, and formed new types of jobs. It was claimed by Bobic and Davis (2003), that present workers have different working settings, in the comparison to the working environment in  1960s. Thus, it is fallaciously to regard this theory as a beneficial explanation of contemporary humans’ motivation. Secondly, people have a set of characteristics, which makes every person unique, and it is far too complex to distinguish them between only two groups. For example, Theory X does not take the diversity of individuals into the consideration (Miner, 2002; cited in Jastolka, 2009). Finally, McGregor’s hypothesis is mostly founded on Maslow’s hierarchy of needs, which validity is criticized (Heylighen, 1992; cited in Bobic and Davis, 2003). Furthermore, Maslow’s work was based on the empirical base of America, and its applicability to other countries has not been successfully proven yet. In case of China, its working environment is slightly becoming similar to Western, because in 1979 Chinese government began to implement economic policies to create an economy with capitalistic features, such as profit orientation, private owning and market forces (Francesco and Gold, 2005). Such changes significantly influenced the way, in which Chinese workers are treated by their managers, forcing them to practice methods that used in Western nations, however despite these changes, implementing of McGregor’s methods is hard for certain reasons. First of all, according to Francesco and Gold (2005), the management style of a country, such as China, with strong traditions and remained patriarchy, is hard to be transformed or altered. For example, Garg and Ma (2005) conducted a research, which shows the difference between frameworks of organizations. The participants of survey were three groups of firms, with different introduction of non-Chinese executives, who use Western management approaches: complete, partial and blank, and result shows a significant difference between these companies in some aspects of working conditions. In organizations with only Chinese executives, most of employees experience an unavailability of managers, lack of encouragement to be innovative and lack of support most of the time. However, it could be argued that the conditions described above could be associated with Theory X. Secondly, Chinese employees in firms function as a group where each member is working for the prosperity of the whole company (Francesco and Gold, 2005). This feature restrains the enthusiasm of workers to be innovative in their job in order to maximize the profit of his/her company, but coerce them to do their tasks conventionally, because employees are anxious to harm their firm, while Theory Y assumes that people must have more freedom. Then,  Tsui et al. (cited in Huang, 2006), argue that communist ideology force Chinese employees to make efforts in their work to the favor of the commune. Finally, due to the listed characteristics most of the Chinese managers use commune-based leadership style. This means that Chinese workers are mostly dependent on their command and thus it is more appropriate to implement the ideas of Theory X in Chinese organizations (Jackson and Bak, 1998; cited in Huang, 2006). However, an interview made by Jamal and Xie (1991), shows that satisfaction and motivation of employees are in direct relationship to managers’ level of participation. To sum up, both Theory X and Theory Y have been successfully adopted in Western and some of the developing countries. With regard to China, which economy type has changed only 30 years before and traditional values of Chinese people remain fundamental, which in turn reduce the probability of prosperous adaptation of McGregor’s ideas. Comparing both theories, Theory X is more applicable to China than Theory Y, because of traditional command-style of leadership. However, in spite of the number of successful implementations of these approaches in completely Chinese organizations, with the goal to maximize the profit of a company, the applying of methods, which reflect the nature of a worker in China, who is different from the Western employee is preferable to McGregor’s work.

The middle class in urban Britain 1780-1900 Essay

The middle class in urban Britain 1780-1900 - Essay Example However, they lacked the modalities to effect the change. It was not until the early nineteenth century that need for change was more strongly expressed by the lower class and the middle class. It is of importance to note that the people who took part and spearheaded this change were the middle class and were the cream in terms of their intellect (Scull, 2005).. Political changes The political arena in Britain was secluded to the mighty and wealthy for a long time, which also refers to the upper class. It was solely the rich who could rule while the middle class neither had a chance nor could raise their voices to be heard. This is evident even from the governance structure since that it is documented that even from the law making organs, the House of Lords could overrule any law passed by House of Commons. The ugly political face was worse in some areas like old Sarum and Dunwich where the middle class could not vote and a number of legislators were re-elected unjustly. The women we re also not allowed to vote, which expressed how democracy was indeed a nightmare to the people being ruled. This did not quite add up since lawyers were also in the category of the urban middle class (Mitchell, 2002). At that particular time, out of an estimated population of thirty million only about two million were allowed to vote. Inspired by the French protester refugees who moved in at around 1700, there were efforts by the middle class to spearhead their liberation. Several uprisings came up and the continuous pressure led to The Great Reform Act that was landmarked a political change in centuries. This Act brought political sanity to Britain and many other positive changes.. The imagery constituencies done away with and the members of parliament representation rationally and equitably restructured. Moreover, the most relevant to our discussion is that the middle class were allowed to vote with the exception of women (Scull, 2005). Economical changes Despite being despised, the middle class were relatively wealthy. Most of them had their wealth on land possession. It was just until in the late nineteenth century that he urban middle class began engaging in forms of wealth holdings like the stock market. In the urban areas in this period, a majority began being wealthy by manufacturing and creating employment. This gave rise to several merchants across Europe at the time and this can attribute to the steady rise in the number of the middle class (Mitchell, 2002). There are some cities that their economical growth was attributed solely to the middle class. An exquisite example is the city of Manchester, which at this period had many projects running in the event of industrial revolution. During the industrial revolution, the whole of Europe had a majority of entrepreneurs comprising of the middle class. The middle class prompted women to get employment. It important to have in mind that women were considered as housewives for some pretty long time in Bri tain. This had a large impact to the economy of the middle class, since majority-hired house cleaners to help in the daily domestic chores and this amounted to about forty percent of the female workers (Mitchell, 2002).

Telework Term Paper Example | Topics and Well Written Essays - 2500 words

Telework - Term Paper Example From this paper, it is clear that employers of the companies may feel a split among their employees because there is a feeling of alienation among those, who are working at home and those, who are working in the office. A lack of visual control over teleworkers is one of the main preventive factors for employers in order to evaluate whether an employee spends his time effectively or not. The economies of the companies gain benefits from telework in case the level of â€Å"downtime† is decreased among teleworkers. In spite of the findings that environment gains benefits and there is a smaller number of cars and different means of transportation commuting, teleworkers have more free time and during this time they may travel or go by car wherever they want. There is also reduction of taxes paid by the companies in case they are free from the option of renting and that will take money from the national economy for sure.As far as we can see, there are more positive issues about tel ework than negative ones. Telework is a perfect option for the modern business world to satisfy the needs of employees, employers and the government. Balanced work relations among employers, employees and support groups lead to high levels of satisfaction from telework. The benefits of telecommuting outweigh the costs and we can talk about the increase of efficient work, growing levels of productivity and reductions in real estate costs, numerous environmental benefits, greater work flexibility and many others.... Moreover, it should be noted, that the option of telecommuting is relevant both to large and small firms and businesses. In accordance with the survey, conducted in 2009: â€Å"At companies with between 1,000 and 4,999 employees surveyed last year, an average of 16% of employees telecommute one or more days per week, compared with an average of 14% of employees at firms with between 5,000 and 19,999 employees, and an average of 18% of those working for organizations with 20,000 or more employees† (Brownlee 2009, p. 2). Moreover, there is a greater opportunity for employees, who often telecommute, to travel to different countries regularly. The highest percentage is found in the North America. Benefits for companies There are numerous advantages for the companies, which implement telecommuting. In spite of the fact that there are essential benefits, many businesses are afraid of cost of supporting telecommuting, which is too high. There is a need to hire IT specialists and crea te IT groups in order to support telework. More innovative and risk-taking businesses realize advantages of telework (Vega, 2003). They are able to send millions of dollar a year on real estate, because they provide their employees with an opportunity to work at home. Moreover, the levels of employee productivity are also essential. Managers underline that it is more convenient for them not to interrupt offline work and thus it is the right way to work delivery, especially in cases of urgency. First of all, there is a need for organizations to establish written telecommuting policy. It should be reviewed and corrected by IT specialists, financial department and human resource department. The majority of the companies and organizations correlate the

Reflection Journal Part-3 Essay Example | Topics and Well Written Essays - 500 words

Reflection Journal Part-3 - Essay Example Similarly, environmental issues, cutting edge technology, standards of practice, policies, procedures and auditable areas for the Joint Commission come under discussion at meetings of APICE. Another key aspect of APICE meetings is information sharing and deliberation on policies and processes. Typical attendees at APICE meetings are people in administrative positions such as nurse educators, infection disease nurses, Directors of Nursing, Clinical Nurse Managers, Public Health Nurses and the like. The main contention behind APICE is the prevention of and awareness regarding infectious diseases inside hospitals. Each meeting of the APICE invites a speaker to share informative information regarding disease prevention. For the July session of the APICE that I attended, the speaker was Michelle DeVires, BS, MPH, ICC and she spoke about â€Å"Peripheral IV’s: Overlook source of Infection†. Ms. DeVires was very inspiring because she was not only a public health nurse but her specialty was infection prevention. I was surprised that I could really comprehend some of the information that she was sharing with the group. She touched on a little statistics when she talked about population mean, and the frequency, standard deviation, bell curve, the probability of the p-value and many other statistical data forms. Although I thought that I would be lost, but I actually understood some of information that she was presenting. Ms. DeVires went on to discuss intervention and prevention as processes and she spoke about how hospitals needs to discontinue any IV’s that are not being utilized. Anytime an IV is in place and is not being used, it has a tendency to set up an infection. It was revealed that most infections took root when the E.R. department starts an IV. The fast paced work demands of the E.R. meant that nurses or doctors were not cleaning or using sterile techniques to clean the site

Outline and evaluate Barthes concept of myth Essay

Outline and evaluate Barthes concept of myth - Essay Example Barthes was brought up in Bayonne by the mother and, periodically, by his grandparents. Barthes attended the Lycà ©e Montaigne, Paris (1924-30), and Lycà ©e Louis-le-Grand (1930-34). At the Sorbonne he studied classical letters, Greek tragedy, grammar and philology, receiving degrees in classical letters (1939) and grammar and philology (1943). In 1934 Barthes contracted tuberculosis and he spent the years 1934-35 and 1942-46 in sanatoriums. Numerous relapses with tuberculosis prevented him from carrying out his doctoral research. He taught in Rumania and in Egypt, where he met A. J. Greimas, then at the Ecole des Hautes Etudes en Sciences Sociales. He was one of the founding figures in the theoretical movement centered on the journal Tel Quel. As the leading structuralist thinker, Barthes was highly influenced by Ferdinand de Saussures semiology - the formal study of signs and signification. He was a prolific interpreter, disseminator, and reviser of most of the complex theoretical concepts that circulated within Frances centers of learning from the 1950s on. Barthes was appointed to the Collà ¨ge de France in 1977 and was acknowledged as the leading critic of his generation in 1978. Aside from being the dominant theorist of the 1970s across Europe and America, Barthes made his influence felt in popular culture as well. He dies Mars 26 1980, due to complications after hed been hit by a van on his way home from a lunch with Franà §ois Mitterand in February the same year. Barthes is particularly interested, not so much in what things mean, but in how things mean. One of the reasons Barthes is a famous and well-known intellectual figure is his skill in finding, manipulating and exploiting theories and concepts of how things come to mean well before anyone else. As an intellectual, Barthes is associated with a number of intellectual trends (e.g. structuralism and post-structuralism) in postwar

Cybersecurity Coursework Example | Topics and Well Written Essays - 250 words - 3

Cybersecurity - Coursework Example n absolute control of computer system and be able to manipulate the already installed programs and do any other thing to the system with full user rights. Argument injection in packager.exe is another vulnerability of windows XP. This allows an attacker to interfere with the system by using the (/),slash, character that makes the command prior to the slash to be effected, which is the hackers’ command (Ren, 2010). The common criterion is an internationally recognized set of standards that are used to successfully evaluate the security of a system like the operating system. It enhances the confidentiality of the user to a system as its certification is recognized globally and therefore all systems purchased throught the world are subjected to the same level of security standards. (Caplan, 1999) The common criterion ensures that customers can trust the system they are purchasing or using in terms of confidentiality, availability and integrity. Before a product is introduced to the market a vendor must submit the system for certification to an accredited testing laboratory. He has to specify the security target (ST) which describes an outline of the system, possible security threats and how the security details will be implemented in the system. The testing laboratory then checks the product to verify its security in order for certification. The common criterion is hence a trustable method to ascertain the security of a system. (Elof,

Colonization in Pakistan Essay Example | Topics and Well Written Essays - 1000 words

Colonization in Pakistan - Essay Example British colonizers got access to the country during the reign of Sikh rulers. However, in 1857, Sepoy Mutiny, an Indian Rebellion, initiated a struggle against the British colonizers. Also Indian National Congress spearheaded several non-violent freedom struggles in early 1900s against the British. Britain could not resist the opposing powers and it ended its rule in Pakistan in 1947. Modern state of the country was, therefore, established on August 14, 1947. The country was then partitioned into five provinces: East Bengal, Balochistan, West Punjab, North-West Frontier Province, and Sindh. The partitioning process, however, led to riots across Pakistan and India (Lieven, 2012). War in Pakistan Pakistan has had four major wars since independence. The first war was the Kashmir war in 1947. The war was triggered when the country gained control of Gilgit-Baltistan and Azad Kashmir. The war involved Pakistan and the neighboring India. The two countries were later involved in war in 1965 and in 1971. The latest war was the Kargil war, which occurred in 1999. Pakistan has also had several skirmishes with its northern border country, Afganistan. Famine in Pakistan Famine in Pakistan is attributed to unevenly distributed rainfall patterns. Famines in the country have caused various devastating effects. Apart from leaving large expanse land derelict, famine in the country also triggered bushfires in various locations. Dereliction processes have not only created food shortages, but have also resulted to death of humans and animals because of hunger. Famines in Pakistan are, therefore, considered as an economic crisis because many resources are spent in mitigating them. Relations with African Countries Pakistan has strong relationships with countries in both Northern and Sub-Saharan Africa. The relationships are evident in the Pakistan embassies in African countries. Also, business relationships between Pakistan and African countries exist. Religion is another area where Pakistan and Arab-related African countries intermingle. In Tunisia, Pakistan supported the country in taking full control of Bizerte. Apart from offering support in various tasks or projects in African countries, Pakistan also helped some African countries during their fight for independence. Pakistan, for instance, supported Algeria during her independence struggle. Relationship between Pakistan and Egypt, Libya, and both Sudan and South Sudan is attributed to similarity in religion. Libya, however, shares similar culture with Pakistan. Pakistan has diplomatic relations and it maintains honorary consulate with various Sub-Saharan African countries. African countries with good relations with Pakistan include: Congo, Botswana, Kenya, Eritrea, Ethiopia, Malawi, Mauritius, Madagascar, Lesotho, Mozambique, Niger, Nigeria, and Somali among others (Lieven, 2012). Strengths of Pakistan Pakistan has been using its strengths for three main reasons; eradication of poverty, increasing overall gross domestic product of the country, and lowering inflation rate. As strength, location of Pakistan is an advantage to its economy. The country is located at the corridor of major maritime oil supply networks. That is, the country is a major oil producer in Asian countries. Through exploitation of the natural resource, Pakistan has significantly improved its economy. Advanced technology and accessibility to infrastructure is another strength point of the country. Apart from, having modern

The Electoral College is a critical tool in American electoral Essay

The Electoral College is a critical tool in American electoral system.Define and assess the Electoral College and how it has or has not encouraged political participation by the citizenry - Essay Example A majority of 270 electoral votes is required to elect the president. The state’s entitled allotment of electors equals the number of members in its congressional delegation. Electoral College has not encouraged political participation by citizens especially since it is inherently undemocratic and gives the small states additional powers to prevent politicians from focusing only on issues which affect the larger states. The fear being without power, politicians would completely ignore small states and focus only on big population centers. The Electoral College favors the smaller states with disproportionate voting power in electing the President and the Vice President. On the other hand, advocates of the system say that this uneven power forces politicians to pay attention to smaller states which would otherwise be ignored. Except in closely fought swig states, voter turnout is largely insignificant due to entrenched political party domination in most states. The Electoral College decreases the advantage a political party might gain from encouraging voter turnout, except in those swig state (Hewson 15). In conclusion, the Electoral College is a critical tool in the electoral system of America. Even though the Electoral College does not encourage political participation by the citizenry, the electors are an important component of the Electoral College and each vote cast for the President and the Vice President determines the future exercise of power in the

Holocaust Essay Example for Free

Holocaust Essay Art: a true Holocaust survivor. Though he was born in Sweden after the war and did not experience the Holocaust personally, his life is deeply affected by the event, both directly and indirectly. To begin with, Art is troubled by nightmares and fears of the Holocaust, as he fantasizes when he was a child about certain degrading happenings. Secondly, he is impacted by the intense, traumatizing toll the Holocaust had on his father, which, subsequently, was transferred onto him. As a result of the trauma of his parents, Art was raised in a strict, decent manner that demanded he treat life with the highest regard and gratitude, being he did not have to suffer the horrendous trials which the previous generations went through. And lastly he feels guilt over not being a good son to his father, being that their relationship is rocky, arguments constantly break out, and he has a reluctance to help. Art feels deeply moved by the horrible danger of the Holocaust. For example , as a child, he would imagine that the showers in his house would pour down gas instead of water. Also, he would often ask himself which parent he would save if he could have only have saved one from Auschwitz. Most likely, he would reason, his mother would have occurred as first choice, due to the fact that he felt he had a part in her early death, because of the neglect he showed her, when he answered with a cold and dismissive â€Å"sure† to her question â€Å"do you still love me?† Vladeks personality and parenting style were clearly influenced by the war, as he forces his son to finish everything off his plate, advices ways to save money, and strictly refuses to agree. Therefore Arts character traits and lifestyle choices were in turn clearly guided by his fathers personality and parenting style. In chapter 5, he complains to Francoise, â€Å"He loved showing off how handy he was and proving that anything I did was all wrong. He made me completely neurotic about fixing stuffOne reason I became an artist wasit was an area where I wouldnt have to compete with him.† Art experienced a guilt over not sharing his parent’s experience of the Holocaust and therefore wanted to live a life untroubled by the same trauma. Art is full of guilt for claiming he’s not a good son to Vladek. Right from the first panel of the book, we are told that the two of them do not get along particularly well, and that they do not see each other often, though they live fairly close by. Art is always unsteady around his father, and when they speak, arguments sooner or later break out. For example, when Art drops some cigarette ash on the carpet, Vladek strongly rebukes him; or, Vladek’s revelation of the fact that he burnt Anjas diaries from the war sends Art into a fury. Furthermore, when Vladek asks his son for help around the house, Art is usually reluctant to do so and hesitant to give in. And, although Art, at the very beginning, tells the reader that he hasnt seen his father in a long time, as well as the fact that they are not particularly close, he gives his father an excited greeting a rare action, which probably results from the guilt and possible regret he feels over the neglect in which he gave his own father. In conclusion, I believe that Art is a true Holocaust survivor as not only does he suffer from a kind of survivor’s guilt, but he also grew up with the aftermath of the other survivors’ trauma. The misery portrayed in the pages of his father’s story, and most evidently in â€Å"Prisoner on the Hell Planet†, dictates that Art not only sympathizes with the Holocaust survivors, but even feels like he was an actual member with them in their torturous trials. His choice to even publish the novel and make everyone aware of his family’s suffering shows he believes that these shocking stories should not be ignored or forgotten, since doing so would only allow for the traumas to happen all over again.

Perusahaan Otomobil Nasional Berhad Proton

Perusahaan Otomobil Nasional Berhad Proton The company that is discussed in this essay is Perusahaan Otomobil Nasional Berhad (Proton) which is an automotive company that was founded in Malaysia on 1983. The company experienced increase in revenue from the year 2007 to 2011 and the sales of its cars is a major factor affecting revenue. Motivation level can affect sales performance, but it would not be the only factor. The goal of this essay is to explore the motivation level of Protons sales department in comparison with other factors affecting sales. Hence, the research question that arises is To what extent does the motivation level of Proton Berhads sales department affects its sales revenue? The methodology revolves around the use of survey among the Protons sales department staff and followed with an interview with one of the head of the sales department. Using the data obtained, motivation level of the staff is assessed using Herzberg Two-Factor Theory while the other factors affecting sales are assessed using PEST analysis. The conclusion was that Proton had implemented measures that help to motivate its employees, but there is a limit to how effective can motivation level affects sales as there are other factors involved such as quality and brand perception. The unresolved issue would be regarding the need of Proton to improve its quality and increase its employees motivation at the same time. 1.0 Introduction Issues regarding employees motivation had been one of the main focus of an organization as motivation can affect a certain company in many ways. Based on the book An Integrated Approach to Business Studies by Bruce R. Jewell, motivation can be defined as a factor or an influence that can drive people to behave in a certain way  [1]  . For a company, they would need a motivated workforce if they want their employees to sell well. The company in question here is Perusahaan Otomobil National Berhad(Proton) which is an automotive company that was founded on the year 1983  [2]  . Its product mix includes various categories of cars ranging from sedan, compact cars, hatchback, multi-purpose vehicle, and microvan  [3]  . Along its years of operations, Proton had been the target of scrutiny from the general public especially regarding its sales as there are criticisms to its sales  [4]  and after sales service  [5]  . One factor that can affect quality of sales service is motivation. Thus, the intention of this essay is to explore whether the motivation level of the Protons sales department had been a crucial factor affecting the companys sales revenue? Besides that, this essay would also discuss on how other factors could also affect sales revenue for Proton and how other factors could compare with motivation level in terms of its effects to sales revenue. From the questions that arise, the research question was formulated as follow:- To what extent does the motivation level of Proton Berhads sales department affects its sales revenue? 2.0 Methodology 2.1Data collection The main purpose of data collection for this particular essay is to measure the motivation level of Protons sales department. Thus, primary research had been carried for the sole purpose of measuring the motivation level of the employees. The two chosen methods were surveys and interviews. As stated before, with the data obtained, a qualitative deductive will be made to see how high or low the motivation of Protons employee. To deduce, the content theories regarding motivation used is Herzbergs Two-factor theory. 2.1.1*Details of Survey* A survey was designed in order to uncover information regarding the motivation of Protons sales department and the number of respondents was 15 people from the Enterprise Sales Team and R3 Sales Team which are a part of the sales department of Proton. The surveys question and its respective data are shown in Appendix 1. 2.1.2*Details of Interview* The interview was done with Mr. Hj. Roslan Hj. Mohamed which is currently the head of Eneterprise Sales Department of Proton. The interview question and its answers are shown in Appendix 2. 2.2 Analysis The analysis in this essay mainly revolves around the correlation between the motivations levels of Protons employees with its sales revenue. The findings will be discussed so that the extent to which the motivation level affects the sales revenue can be seen clearly. The next step is to see other factors that may be involved which can affect sales. To do this, Political Economy Social Technology (PEST) analysis will be carried out so that we can see the external factors that surround Proton. Further discussion will be carried out in order to see how big do the factors affect Protons sales revenue, and compare it with the internal factor which is the motivation level of employees. The end result would be a conclusion that will include suggestions and an unresolved issue. A simple 4 step flow can be seen below:- 3.0Main findings and analysis Determining the motivation level:- 3.1 Application of Herzberg Two-Factor Theory Based on Herzberg Two-Factor Theory, there are two aspects that define motivation which are the hygiene needs and motivators  [6]  . Fulfilling hygiene needs prevents employees from being dissatisfied while having motivators will ensure satisfaction of employees. This theory is chosen to determine the motivation level of Protons employees because of the two aspects mentioned that is evident in their working environment. Above is a table outlining the hygiene needs and motivators as outlined by Herzberg  [7]  . To determine the motivation level of the employees in Protons sales department, most of the points in the table will be discussed based on the findings. 3.1.1 HYGIENE NEEDS Relationship with supervisor Protons sales department employees feel that their supervisor listen to them and most felt that they are involved in the decision making process. They also feel that their supervisor give moderate attention to their work and most feel that their supervisor expectation of them is good in which it corresponds to their actual potential. Yet, some felt that their supervisors are bias in their work with some claiming that there is presence of so-called bosss pets and also gender biasness. Working conditions The employees of Protons sales department felt that the working condition is normal at best rather than good. Most felt that it is normal in their working condition to get positive feedback and constructive criticism. Still, some felt that office politics is present thus it could be a source of unhappiness regarding the working conditions. Salary It was found that the salary is high. This is due to the presence of many types of commission that helps to increase the payments received by employees such as finance commission, model-based commission, accessory commission, and insurance commission. 3.1.2MOTIVATORS Achievement Proton promotes the desire to achieve for their sales department by having seasonal monthly campaign. Employees will be given an incentive for achieving the target for a specific sales campaign. Recognition In Proton, the form of recognition comes in the form of a club membership that celebrates sales personnel who had sold 100 cars. Advancement Opportunities for advancement exist for Proton since it was found that an employee can advance into a sales manager in just 5 years. Growth Most of the employees agree that growing their knowledge and having opportunities for self-development is highly important for them but it can be seen that most of them thinks that the opportunities for self-development is not high but still present in the company. The presence of growth opportunities will lead to higher satisfaction for the employee. ANALYSIS OF MOTIVATION LEVEL Based on Herzberg Two-Factor Theory, to ensure employees are motivated, it is better to address the hygiene needs and then focus on the motivators. For Proton, the company had in a way provided a moderate working condition and the supervisors are having good relationship with their subordinates. These two factors fulfill the hygiene needs and reduce dissatisfaction in the sales department. Aside from that, the salary structure which is high also contributes to lower dissatisfaction for the employees. Although we cant say for sure that the dissatisfaction is completely addressed by Proton, but we can deduce that Proton had fulfilled some of the hygiene needs thus lowering the dissatisfaction among employees. For the motivators, Proton had also provided ample motivators for the sales department. We can see that Proton had provided its employees with adequate opportunities for them to receive proper achievement, recognition, advancement and growth. The presence of the motivators mention ed helps to promote satisfaction for the employees in the sales department. As a result, Proton had fulfilled the hygiene needs and provided motivators for its employees. It is hard to see whether the employees are highly motivated or not but from the discussion, it would be better if we deduce that the employees in Protons sales department is coined as motivated due to the low dissatisfaction and adequate satisfaction. 3.2 Establishing the relationship between motivation level and sales revenue Graph of growth of Protons revenue from 2007 until 2011 (Appendix 3) Judging from the graph, Protons revenue had improved for 5 years straight. As company that make cars, most of Protons revenue would come from the sales of their cars thus that is why the sales department plays a crucial role to ensure better sales. We had found before that the employees in the sales department are motivated because of the way Proton had addressed the hygiene needs and motivators. Due to the fact that the employees are motivated, it can be seen that their motivation level correlates with the increase in revenue. A motivated employee would definitely perform better when at work thus there would be higher sales compared to an unmotivated employee. As a conclusion, we could see that the motivation level had contributed to the increase to revenue. Yet, the underlying question here would be the need to establish the limit in which motivation level plays a role to the increase in revenue. Thus, the following questions could come into play:- 1. Are there any other significant factors that contribute to sales? 2. How about the state of the country Proton is in? Does it affect the sales? 3. Are there any outside factors, which are out of Protons control that contributes to greater motivation among employees? Thus, in order to uncover the extent to which motivation level plays a role, the next step would be to find the factors that affect Proton sales and determine its significance in comparison to the motivation level of Protons sales department. Determining the extent to which motivation level affects the revenue of Proton 3.3 Application PEST Analysis The use of PEST analysis is crucial in order to see the environment Proton is situated in. The findings would be analyzed regarding their significance to Protons revenue. Political Government discards protectionist policy  [8]   High excise duty for imported cars  [9]   Economy Low loan approval rate by Bank Negara Malaysia  [10]   Social Low average wage per individual  [11]   Technology Appearance of hybrid cars in Malaysia  [12]   POLITICAL Government discards protectionism with Proton thus removing Protons exclusivity in the automotive industry If a company is backed by the government, the cost of operation can be considerably lessened as there would be injection of funds by the government. This would ensure that the company can sell its products cheaper, thus garnering an increase in revenue. But what would happen if a company was stripped off from being protected by the government? For Proton, when there is no more protectionism by the government, the company would need to stand by its own thus it needs to channel its cost to their products. This will make the price of its cars higher. Still, if we look at the revenue, Protons revenue still increases despite the hike in prices. This shows that the removal of protectionism doesnt really affect Protons sales and the possible reason for this is either Proton had improved its quality or there are other factors that promote sales. High excise duty for imported cars Excise duty is one of the major factors that affect a cars price. In Malaysia, the excise duty for imported cars is imported as high thus increasing the prices of imported cars. National carmakers such as Proton and Perodua are at an advantage in terms of pricing because they can provide lower priced cars as compared to their foreign competitors. For Proton, its cars which are considered cheaper than imported cars would prompt price-sensitive consumer to buy their cars thus increasing their cars considerably. ECONOMY Low hire-purchase approval rate by Bank Negara Malaysia Bank Negara Malaysia is the national bank of Malaysia and it regulates the hire-purchase approval rate in Malaysia. Recently, the approval rate for hire-purchase differs from a carmaker to another, and for Proton it is rated as low. Not every customer can pay the full price of cars in the early stage of buying thus they would resort to hire-purchase. When the hire-purchase approval rate is low for Proton, customers cannot buy Proton cars thus they would proceed to other carmakers which has higher hire-purchase approval rate. Thus, this would reduce Proton sales. SOCIAL Low average wage per individual The worlds average wage is approximately RM 4440 ($1480) which is a stark difference compared to Malaysias average wage which is RM 1500 ($500). Due to the low wages, Malaysians wouldnt have enough purchasing power thus they would gravitate towards buying low priced products in order to save cost and sustain their living. Protons cars which are cheaper than imported cars would be a fine choice for most Malaysians thus this would contribute to more sales for Proton hence contributing to an increase in revenue. Yet, with the Economic Transformation Initiative carried out by the government, Proton would be threatened because the program was intended to increase the nationals average wage from RM 1500 ($500) to RM 4000 ($ 1333) which is closer to the worlds average wage. If the government initiative reached its goals, the purchasing powers of Malaysian would increase thus they would have a wide range of cars that is feasible for them to purchase. TECHNOLOGY Appearance of hybrid cars As the world is moving towards less use of fossil fuels in everyday lives due to pollution, hybrid cars is invented to cater for the environmentally conscious consumers. Aside from that, hybrid cars would save consumers a hefty sum of money because consumers would need to depend less and less on petroleum which is infamous for its constant rice of price. The appearance of hybrid cars in Malaysia and the governments incentive for Malaysians to buy hybrid cars is a probable factor that can affect Protons sales. Still, hybrid cars is still not many in Malaysia thus it would not be a major factor affecting Protons car sales yet. Other factors that affects Protons sales but outside the scope of PEST analysis PEST analysis is limited in the way it restricts the analysis of environment surrounding Proton towards political, economy, social, and technology. In reality, there are other factors affecting sales for Proton that should be considered. The factors could be internal or external and some of them have an effect to employees motivation. Before we discuss even further, look at the list of the factors below:- Quality of Protons cars Banks interest rate*  [13]   Pricing of used car market* Marketing methods Relationship between sales and after-sales Discussing the factors Quality of Proton cars Quality of products is undeniably one of the greatest factors affecting the sales of a product. With high quality, some product can even exist without the need of extensive marketing because there will be word of mouth, which is a great marketing method. Regarding Proton, the quality of its cars is questionable.. Aside from that, Protons car is also perceived as inferior and low quality as compared to its competitors especially carmakers from Europe, Japan and Korea. Thus, the quality of Protons cars is a huge factor affecting sales and it should be taken into great consideration when discussing about Protons sales. In term of employees motivation, the quality of Protons cars can affect its employees motivation level. It is a common knowledge that if you want to sell something, it would be best to sell the best to consumers. Why? This is because when we sell something that is high in quality; we would feel confident selling it because we know that our customers would love it once they use it. This is also true for the case of Proton. If the employees in the sales department of Proton know that the car they are selling is perceived as inferior and low quality, they would feel less motivated because they arent confident that their customer is receiving a good car. This is a good example of Expectancy Theory in which if sales personnel of Proton perceive that no matter how much effort they put into selling, they would know that the rewards will be far from their grasp. This is because even if their selling effort is great, they would not be rewarded with a successful sale of a car because they woul d feel that customers would probably not buy a low quality car no matter how good they are in trying to sell it. This shows how employees performance is also affected by the quality of products they are selling. Banks interest rate Banks interest rate for each car brand is different and will continuously change. If the interest rate for Proton is high, car prices will be high and customers will be more reluctant to buy, thus causing low sales. The opposite would happen if interest rate is low. The changes to interest will also affect the sales department employees. For example, a high interest rate would make car prices high and they would feel less motivated or confident selling the car. Pricing of used car market Pricing of used car market for a particular car brand also changes over time. If a particular car has high price in the used car market, the user of that car would be inclined to sell his car especially if the car is outdated. The opposite would happen if the price of a car is low in the used car market. For Protons employees, it was reported that they would feel more motivated selling a car to a customer who is seeking to replace their car which had been sold off as used car. This group of customers is called as the replacement buyers. Employees would feel motivated because it is easier for them to make the sale because cars are essential in everyday life and replacement buyers would feel greater need to buy a car as compared to buyers who already own a car. Motivation will convert to performance thus there would be higher sales. Marketing methods Proton marketing method revolves mostly on having direct contact with the public which is their prospect such as having activities in the showroom and shopping complex that involves the participation of the public. It is reported that the sales department employees like the direct marketing method because they like the contact with the public. Direct method of marketing is unquestionably a good way for marketing and can boost sales but for the case of Proton, the most evident benefits would be the increase to the sales department employees morale, thus there would be an increase in sales due to increased performance. Relationship between the sales team and the after-sales team The after-sales team of Proton is reported of providing low quality service to its customers and it could affect customers perception towards the brand. Still, the most important aspect about the after sales team is the relationship between the after-sales team and the sales team which is really crucial especially with regards to the sales team motivation. Sales personnel would be motivated especially during the act of selling if they know that whenever there is a problem after the customers bought the product; they can be confident that the after-sales team can handle it. For the case of Proton which has low quality after-sales service, we can probably deduce that the sales team motivation level will be affected because of low confidence towards the competency of the after-sales team. Conclusion We had started by acknowledging that the sales department of Proton is motivated based on the use of Herzberg Two-Factor Theory and the fact that the revenue increases from 2007 2011 shows that motivation did indeed prove to be a contributor to the revenue of Proton. The question that we need to really discuss is the extent to which motivation really plays a role to contribute to revenue, thus other factors that affect sales must be discovered. It was finally found that there are many factors that affected the sales of Proton and some such as the high excise duties and quality of Proton cars seemed to be a really major factor that affects sales. Thus, it can be concluded that motivation level of Protons sales department is a factor that affects sales but it is not the greatest factor. If Proton were to employ measures that can continuously improve its employees motivation, sales would increase but until a certain point when an increase of motivation wont increase the sales. This is because of the mentioned major factors such as Protons car qualities that hinder sales growth significantly. To really improve its sales revenue, there are some issues that Proton must address. External Factors Internal Factors 4.1 Issues and suggestion on how to handle it From the above diagram, we can see how the factors affecting Protons sales are sorted into internal factors and external factors. Proton should consider focusing on the internal factors because it is the factors that Proton can really control and directly improve. Thus, there are three issues that is internal for Proton and suggestions are given on how Proton can address the issues below:- 1. Product quality The quality of Protons cars is an issue that Proton should focus on addressing because customers decision to buy are mostly affected by quality. In order to improve its quality, one of the measures Proton could employ is improving its quality control method so that no inferior cars are produced. Aside from that, Proton should also maximise the benefits of owning Lotus by ensuring better technology transfer with Lotus and also devise more training that is catered to help Protons engineers to learn more from Lotus. 2. After-sales team quality The quality of after-sales is important in order to retain customers loyalty. If Proton doesnt improve its after-sales quality, customers will think lowly of the brand thus it would affect sales. It was found that Proton had made a fine decision by giving out proper training to its after-sales team recently but another factor that might affect the after-sales team quality is the salary of the after-sales team which is below industrys average. To counter the issue, Proton should either negotiate with its after-sales team or consider giving better wages or perks. 3. Employees motivation Although it was found that the employees of the sales department are motivated, yet there is still so much more Proton could do to really increase employees motivation. In Proton, there are issues that Proton should tackle such as biasness and lack of guidance in order to make the working environment a better place. Proton should also consider reviewing the Herzberg Two-Factor Theory so that the company can how it can reduce dissatisfaction even further aside from increasing satisfaction in the long run. A final note Although suggestions are given, only Proton knows best how it can improve itself because its internal issues can be tackled best from within their company. The unresolved issue here would be the issue regarding how Proton can really improve its products quality and at the same time increase its employees motivation so that more sales can be gained. If Proton were to devise a way to tackle the issue, then sales would definitely increase as a result. Word count : 3852 Bibliography 1. Chedet.cc 2. CLARKE, P. (2009). IB business and management course companion. Oxford, Oxford University Press. 3. Corporate.proton.com 4. En.wikipedia.org 5. Freemalaysiatoday.com 6. HAGEMANN, G. (1992). The motivation manual. Aldershot, Gower. 7. JEWELL, B. R. (1993). An integrated approach to business studies. London, Pitman. 8. KREITNER, R. (1983). Management. Boston, Houghton Mifflin. 9. Malaysia-chronicle.com 10. Paultan.org 11. Reganrajan.com 12. Thestar.com.my Appendix 2 Hj Roslan Hj Mohamed Head, direct and government sales operation Enterprise Sales Department ([emailprotected])Interview What is the reward package provided by Proton for its sales department employees? Generally, our reward package is similar with most companies. But, the main focus of employees when joining Proton would be the salary and commission structure of the company. Can you give a more detailed explanation about the salary and commission that you previously mentioned? I will be glad to. There are two basic positions the sales department non-executive (sales advisor) and executive (management). The non-executive or the sales advisor starts with a basic salary of RM300++. Sales advisor is similar to sales personnel and their remuneration lies within their commission is plentiful. There are 5 types of commission which are model-based commission, used car commission, financing commission, accessory commission, and insurance commission. There are also monthly and quarterly volume commissions. The executive or the management also has their own commission but the commission depends on the group they are managing. Essentially if his group succeeds, the executive will succeed too. What is the average payment that the sales advisor would receive each month? The amount is quite hefty. The average payment for sales advisors is usually RM7000 which is quite high. Is there any form of recognition sales advisors would receive after selling many cars? Yes, there is. It is called Club 100, which is an achievement club for sales advisor who achieved 100 sales. There are many benefits for the sales advisor who is a member of Club 100 such as having their own parking space. Is there any sales campaign held by Proton? Yes, there is and you could say that the sales campaign is one of the events that really motivate a sales advisor. A typical seasonal sales campaign would involve selling unpopular models. Any sales advisor who sold an unpopular model would be given a monthly incentive and that is the reason why they are eager to achieve success when a seasonal sales campaign comes. What do you think are some factors affecting motivation of a sales advisor? Well, there is a lot. One of them would be having many model ranges because sales advisor enjoy their work when they have many selection of cars that they can advise their customer to buy. Other than that, sales advisors love to sell zero problem cars which are top-notch and high quality. This is because they will feel excited selling it aside from not having to deal with customers complaints afterwards. They feel that it is hard to manage complaints about qualities because it is not they who design it. Lastly, sales advisor love selling new models too. How about the economy? Does it affect sales? Banks interest rate plays a big role here. When interest for car is high, people would definitely exercise caution before buying thus sales would be low and vice versa. You can see that when interest is low, sales advisors would be motivated because more people are inclined to buy thus increasing their chances of increasing their income. Talking about car prices, aside from interest, the pricing in the used car market also affects sales. For the public, when the price for used cars is high for their model, they would be inclined to sell it at that time so that they can buy new models. This group of people is called the replacement buyers which are the customers who buy a product in order to replace their previous items which had been sold off. You could say that when a specific model has high trade-in value in the used car market, people would be inclined to sell their cars and buy a new one to replace their own. A sales advisor would be motivated to sell cars when they know that the customers they are serving are replacement buyers. How about the leadership in the sales department of Proton? We apply autocratic way of leading as a way to manage employees in the staff department. This is what we call as the best practice approach because other leadership style is not suitable. Being autocratic doesnt mean that we need to compromise relationship between manager and the sales advisor. In Proton, sales advisors performance is closely monitored and they must sell a minimum of 6 units or they will be deeming as under perf

My Philosophy of Teaching Essay -- Philosophy of Education Teachers Es

Philosophy of Education I believe that teachers have one of the most important and rewarding jobs in this country. Their primary job is to prepare young people for the future. This is why I want to become a teacher. I want to help young people grow and learn, while having fun in the process. In this paper, I am going to share my philosophy and the goals that I hope to achieve and use in my career. I am going to give my beliefs and thoughts on knowledge, the purpose of education, why my chosen field (science) is important and the best methods to use to teach this field, my principles, and the steps and processes I will take in order to become the best teacher I can for my students. I believe that all children have the ability to learn and succeed in school with the possible exception of those that have serious physical or mental handicaps. I don’t think there are such things as bad students, just unmotivated ones, and/or those who are a little bit slower at getting the most out of a given subject. Different students learn by different methods and at different paces. As a teacher I have to be ready for anything. Through personal experience, I have seen that knowledge is both relative and absolute. This couldn’t be more evident than in my field of which is science. The world around us contains several examples of relative and absolute knowledge. An example of absolute knowledge would be our understanding of gravity. The fact that what goes up must come down, unless acted on by an outside force, is constant. An example of relative knowledge would be chemistry. As technology continues to improve we are finding new elements in our world and more information about existing ele... ...g about my field, but I hope to learn as much as I can throughout my career. I feel that it is important to pass on to my students the most recent developments in my field. I really want to become a teacher for several reasons. I love working with young people, especially teenagers. I want to be more than a teacher. I want to be their friend, someone that will always listen to their problems, and help them the best that I can both in and out of the classroom. I want to be an influence on them and leave a positive impact on their lives. Kids are our future, and I want the future to be full of good things. I have experienced these types of teachers myself, along with some very bad ones. I have developed a liking for science from teachers who have set a good example and shown concern. I want to make that difference in my student’s lives as well.

Immanuel Kants Theory Essay -- Papers Immanuel Kant Morality

Immanuel Kant's Theory Immanuel Kant (1724-1804) discussed many ethical systems and reasoning’s some were based on a belief that the reason is the final authority for morality. In Kant’s eyes, reason is directly correlated with morals and ideals. Actions of any sort, he believed, must be undertaken from a sense of duty dictated by reason, and no action performed for appropriateness or solely in obedience to law or custom can be regarded as moral. A moral act is an act done for the "right" reasons. Kant would argue that to make a promise for the wrong reason is not moral you might as well not make the promise. You must follow a certain code in order to find truth behind your actions. Kant believed that you should treat everyone with value, dignity, and respect. Our reasoning ability will always allow us to know what our duty is. Kant described two types of common commands given by reason: the hypothetical imperative, which dictates a given course of action to reach a specific end; and the categorical imperative, which dictates a course of action that must be followed because of its rightness and necessity. The categorical imperative is the basis of morality and was stated by Kant in these words: "Act as if the maxim of your action were to become through your will and general natural law." Therefore, before proceeding to act, we must decide what rule we need to follow if we were to act, whether we are willing for that rule to be followed by everyone all over. Kant believes that moral rules have no exceptions. It is wrong to kill in all situations, even those of self-defense. This belief comes from the Universal Law theory. Since we would never want murder to become a universal law, then it has to be not moral at all. Kant be... ...eighbor, be kind to others, do not steal, etc. yet, individual perception of the world by people prevents the possibility of an all-encompassing universal code of ethics. I believe along with Kant that we should develop a friendship and code to help our fellow man. We all have a duty to treat others the way we want to be treated.(Golden Rule) The one thing I disagree with is that we should not be punished for doing good deeds to those even though we might find ourselves backed into a corner when dealing with these individual problems. Overall dealing with Kant’s theory everyone should be truthful and abide by the universal code. We should follow his theory in treating everyone with value, dignity, and respect. Even though everyone should help others, I believe in some situations people have to be persuaded to help even though this goes against Kant’s beliefs.

The Development of Plot in Young Goodman Brown :: Literary Analysis Summary Essays

The Development of Plot in Young Goodman Brown Young Goodman Brown came forth at sunset into the street at Salem village; but put his head back, after crossing the threshold, to exchange a parting kiss with his young wife. And Faith, as the wife was aptly named, thrust her own pretty head into the street, letting the wind play with the pink ribbons of her cap while she called to Goodman Brown. â€Å"Dearest heart,† whispered she, softly and rather sadly, when her lips were close to his ear, â€Å"prithee put off your journey until sunrise and sleep in your own bed to–night. A lone woman is troubled with such dreams and such thoughts that she's afeared of herself sometimes. Pray tarry with me this night, dear husband, of all nights in the year.† â€Å"My love and my Faith,† replied young Goodman Brown, â€Å"of all nights in the year, this one night must I tarry away from thee. My journey, as thou callest it, forth and back again, must needs be done 'twixt now and sunrise. What, my sweet, pretty wife, dost thou doubt me already, and we but three months married?† â€Å"Then God bless you!† said Faith, with the pink ribbons; â€Å"and may you find all well when you come back.† â€Å"Amen!† cried Goodman Brown. â€Å"Say thy prayers, dear Faith, and go to bed at dusk, and no harm will come to thee.† So they parted; and the young man pursued his way until, being about to turn the corner by the meeting–house, he looked back and saw the head of Faith still peeping after him with a melancholy air, in spite of her pink ribbons. â€Å"Poor little Faith!â€Å" thought he, for his heart smote him. â€Å"What a wretch am I to leave her on such an errand! She talks of dreams, too. Methought as she spoke there was trouble in her face, as if a dream had warned her what work is to be done to–night. But no, no; 'twould kill her to think it. Well, she's a blessed angel on earth; and after this one night I'll cling to her skirts and follow her to heaven.† With this excellent resolve for the future, Goodman Brown felt himself justified in making more haste on his present evil purpose. He had taken a dreary road, darkened by all the gloomiest trees of the forest, which barely stood aside to let the narrow path creep through, and closed immediately behind.

Democracy & sacred term Essay

Democracy is a sacred term associated with freedom. Freedom is an issue that has been fought for by a lot of nations worldwide. Freedom is a result of being independent, of possessing self-respect and dignity. Democracy is associated with freedom and vice versa. A true democracy is said to exist when the people of a given country are not deprived of their rights to vote, to express their feelings with the use of proper channels and when they can freely chose their leaders. The people sitting in government have a responsibility to its people, most especially to those who are oppressed and uneducated. It is often the case that during election time politicians gives out promises about the programs that they want to implement such as providing education for the poor. But, once these candidates are already proclaimed as winners they forget about their promises and do nothing about fulfilling them. There is an underlying reason for this and it is worse than what people think. In most third world countries, the reality is that politicians do not exert too much effort in alleviating the plight of the poor because they are afraid to educate the poor or make them literate. When these voters become literate or have gained knowledge, they would be able to vote wisely and this would mean that some politicians would not be put into office. The votes of the poor are the only things that matter to them and most of the politicians do not have a real concern about these illiterate people. The number of illiterates equate to the number of votes by which a potential candidate can use for his candidacy. The poor or the illiterate are segments in society that candidates and politicians alike would never give up on because they know that these people could help a lot in ensuring their success in elections. Thus, it can be said that there cannot be a true democracy if the people who compose the government are illiterate. (Bove, Carol. 2008. The Educational Theory of Jonathan Kozol. Retrieved from website http://www. newfoundations. com/GALLERY/Kozol. html). The reason for this is that these illiterate are deprived to choose the best people who would govern them. Education and knowledge are very important tools to the success of a nation. A government which deprives its constituents of the opportunity to learn cannot call themselves as living in a state of democracy. Instead, the opposite is true that without knowledge and education the government is destroying the lives of its people. The lack of education brings about many untold sufferings in a society and it is also the root cause of many problems. For one, the lack of knowledge or good education is the cause of poverty. Poverty is the evil that destroys the lives of many because many people use this problem as an excuse to commit crimes. This is the reality that gives life to the quote given by James Madison saying â€Å"A people who mean to be their own governors, must arm themselves with the power knowledge gives. A popular government without popular information or the means of acquiring it, is but a prologue to a farce or a tragedy, or perhaps both. † It is very important for any government that seeks to impose democracy to breath life and meaning to it. A democratic government should start by investing in the education of its people so that it can really be said that the former is a government for the people and by the people. The people and the government should work together if a true democracy really exists. The government should show that it is giving utmost importance to the participation of its people by taking into consideration the suggestion of the latter in making laws, rules, or other important functions. Douglass and Kozol are both correct in their observations and opinions that the cost of illiteracy is high and the damage are great. As already pointed out earlier, the problem on illiteracy deserves more consideration and in-depth study of how it would be addressed. An educated person is given endless possibilities in life to become the best that they can be, this privilege and opportunity is taken away from the illiterate who merely depend on what others tell them out of fear or desperation. Thus, these people who are illiterate are deprived of the freedom to live out their life as they please because they lack the knowledge on how to maximize their full potential. Kozol was correct in saying that â€Å"democracy is a mendacious term when used by those who are prepared to countenance the forced exclusion of one third of the electorate† since the educated and powerful people use the weaknesses of the illiterate to their advantage. The reality existing in society today is that good education is available only for those who can afford to pay for it. The government of the United States provide for free or low cost education which is not of good quality. Private schools in the country are very expensive thus the students enrolled therein are given the best that money can buy. Although the state provides for public education it is not as good as those being received by the students enrolled in private schools. Thus, there is an inequality at this level. The argument of Kozol that there should be a shift in the quality of education in that it should be made at par with those of private schools is within the concept of ‘malign neglect’. In essence, ‘malign neglect’ wants to give out the message that there seems to be neglect in the quality of education being received by the students of public schools. There should be equal opportunity of education to be received by all. (Kozol, Jonathan. May 23, 2002. Malign Neglect. Retrieved on May 6, 2009 from website http://www. thenation. com/doc/20020610/kozol. ) A high quality of education would help the government and the society to produce better individuals who can compete globally for the advantage of everyone concerned. The quote by Kozol saying that â€Å"This is the society which most of us did not create, but which our President and other leaders have been willing to sustain by virtue of malign neglect† is very accurate because the problems on illiteracy and poor education has been in existence for a very long time. Therefore it is a great challenge today to try to change the way on how things are at present as a result of the mistakes committed in the past. But, it can be done. If only the government would cooperate and listen to the needs of the people, changes could be proposed and implemented for the good of the society. It is not impossible to educate the illiterate or to give quality world class education to all children. It is not unknown to many that a lot of countries worldwide have fought for democracy to the point of shedding thousands of lives to achieve freedom and independence. A country which calls itself as a democratic nation should live by the true meaning of the word ‘democracy’. There is true democracy if the government is composed of people who were chosen by its people because they believe in their officials and not because they were lured by the latter to vote them as a result of false promises brought about by their illiteracy and poverty. Another aspect that deserves consideration is the need to upgrade the quality of education being received by students. There should be a proposal for the government to provide for an adequate budget for a good education for everyone without regard as to the social status of an individual. Without these aforementioned criteria’s, democracy remains to be a word that exists only in theory. – Reference: 1. Bove, Carol. 2008. The Educational Theory of Jonathan Kozol. Retrieved on May 6, 2009 from website http://www. newfoundations. com/GALLERY/Kozol. html. 2. Kozol, Jonathan. May 23, 2002. Malign Neglect. Retrieved on May 6, 2009 from website http://www. thenation. com/doc/20020610/kozol.

Glamourous

Dylon de Leon ENGL 100-08 QFRA 6-11 (pg. 186) Feb. 22, 2013 GLAMOUROUS What is glamour? How does it differ from looks, fame and fortune? In paragraph 12 of the article, the first few sentences are very effective. They use 3 people that a lot of people know today and go straight to the point about who they are in the political world. This is an example of Givhan’s strategy that was shown to be effective. Givhan uses a few strategies throughout his article.One of the specific strategies was using famous and glamourous people that we see today as rich and famous and see as having fame and fortune. Another good strategy that he uses is pointing out the face between actors that they are not all what they seem and that who they really are isn’t who we see in public, and that what we are really seeing and who we really think they are is just an act. He points out that really glamour makes people forget about who they are and make everything seem so beautiful in the world.Givha n’s claim is simply that the people who we see living their lives full of fortune and happiness is simply not correct. He claims that glamour is just simply not all that great. Givhan states that glamour is situated in the now while cool is a step ahead. This claim makes perfect sense because glamour is just something that is seen in the moment and not in the future. Cool on the other hand is something that is seen outside of what is on the big screen, therefore is seen in more than just the present. It may just be the way that I look at it that makes sense.You can tell the difference between Glamour, Charisma, and cool, by what they show and what makes each characteristic what it is. Glamour is a sort of fairytale, Charisma is personal, and cool is just, well, cool. If someone was to want to be cool, I would suggest that they do something to inspire people as a famous person. Cool isn’t about having lots of stuff and looking good, there is a big difference. To be cool , you have to show the people that you are cool and show the people you are more than just good looks.

Computer and Internet Effects on Society

In today’s society the world could not function 10 minutes without the technology it has readily available for its inhabitants. The world today is too depended on the convienience that these products of future abilities offer. They make entertainment, work, social networking, education, and communication so much easier. However, there are some significant negative effects like, eye sight problems, social problems, and general laziness issues. The question is, do computers and internet benefit or devastate society.Computers and internet has advanced humanity in various ways. One way includes typing papers. Before computers were invented people had to use typewriters which were much slower and if the writer made a mistake, he or she would have to cover it up with white ink rather than â€Å"backspacing†. Another example of something that computers and the internet have changed, is the way people are entertained. Not only can a person play games on a computer, but they can also watch movies, socialize, find new people, listen to music, and create extremely awing works of art.Also before computers and the internet, the only way of gaining knowledge was literally through others; speeches or reading articles, books, magazines, or any other printed document. Now, computers and the internet makes all of this incredibly convenient. In today’s society people more than likely could not even function without the internet, let alone gain knowledge because more and more kids are reading less and less books due to the internet. In most ways computers are beneficial to society, one major way is through that of the work force.In general, a computer makes typing, which is needed by nearly every profession in one way or another, easier to do. Computers are much faster than old typewriters and obviously faster than hand writing anything. Another reason why they make typing more convenient is the backspace key. Back when it was the typewriter, if a person made a mistake while typing they had to take out the paper and put white ink over the mistake. Or if it was a giant mistake, the writer would then have to take a completely new piece of paper and start anew.Also, instead of looking up how to spell word in the dictionary or knowing how to spell every word in the English language, if the writer were to misspell a word on the computer, it would show an derror on the scree, therefore reducing mistakes as well. In saying this, computers save a vast amount of paper due to not writing directly on the paper itself. Another way computers benefit the work force is through email. These instant messages go from person to person, or from one person to a quantity of people.This, compared to writing out one letter, or even making multiple letters, saves time and is more convenient. Again this method will save paper which in turn helps save the environment. Yet another great example of how computers and internet benefit the work force is through online communication. A specific example of this is video calls. A person who needs to go across the world to present something to a business partner for example, could easily just setup a video call and presen right from his or her own office to another computer somewhere else.This gaain is convenient in saving traveling time and saving money the person would have to spend to travel to wherever was needed. Furthermore, another benefit is a job itself. With today’s technology people have designing careers that need a computer to make, view, or edit photos and movies. They can take a picture with a camera, upload it to a computer, and begin their own form of artwork on the photo. In general there are countless ways that computers effect the work force. Another major benefit computers have to offer is that they improve everyday normal living.One way they do this is by helping people manage their financials. With a computer, a person can open a spreadsheet, create a budget, and manage that budget over time. This could help a person save money in the long run. Also, computers come with on board calculators so there is no need of getting one yourself. Another way computers make everyday life better is that in all appliances, microwaves, ovens, televisions, washer and dryers etc. , and handheld devices, mp3’s, phones, or any other media device, all have what’s called â€Å"embedded systems† which is like a mini on board computer.Without these systems our laundry would take longer to clean, our food would be harder to prepare, and entertainment like movies, shows, or music, might not even exist. Also, people can go onto the internet to research a product before they buy it. This would save time and money because instead of going to the store to ask customer support about a product, a person can look up online what the product has to offer. Order it if they would like, and someone else can deliver it for them. â€Å"Although these tasks can be do ne without a computer, the invention makes doing such tasks much easier. An example of this is something previously mentioned, entertainment. People are able to access millions of websites that offer movies, short videos, games, or music. Because these are so easy to get to people can entertain themselves as much as they would by going out to the movies or going to an arcade. Something else that computers make easy is making cards. There are computer programs that help a person setup any type of card they need, which would save money rather than going out and buying one from a store. Yet another ability computers make easier is communicating with people.People are able to go online and get on video chat and talk to someone across the world with no problem. If a family member is on vacation and would like to talk with you more than over the phone, he or she could just open up a computer and be face to face with whoever they’d like. Also, online gaming provides a vast opportuni ty to talk with people. The chat boxes that these games provide hosts hundreds, or even thousands of people at a time, all able to talk with each other. Along these same lines lies online chat rooms.People can get on one of these websites and talk with people from around the world, this function is sometimes used for online dating as well. If these ways of communication are not available then there are always emails. These are like notes passed to one another but instead of across the room, it’s to wherever the sender would like. â€Å"Communication with others is growing as an application of computers by children, particularly as more homes and schools gain access to the internet. † A fourth way computers and internet impact society is through education.Computers are becoming less and less expensive so schools are able to afford more and more of them. Computers can help kids learn by having software that teaches them the needed information for a class. Also, with the internet, kids have millions of sources to gather for any necessary research papers or projects. There are online textbooks, so if a kid forgets his or her book at school, they can access the exact same information online. Another example is that online games that educate are very helpful to learning children.

Ratio Analysis

Though there are innumerable literatures available on the subject, the most appropriate studies have been reviewed. Dr. Promod Kumar published a book in 1991 â€Å"Analysis of financial statement of Indian Industries† The study covered the 17 private sector, 5 state owned public sector and 1 central public sector companies. He studied analysis of activities, assessment of profitability, return on capital investment, analysis of financial structure, analysis of fixed assets and working capital.In his research he revealed various problems of industries and suggested remedies for the problems. He also suggested for the improvement of profitability and techniques of cost control. 1Ahindra Chakrabati published an articles â€Å"Performance of public sector enterprises a Case study on fertilizers† in â€Å"The Indian journal of public enterprise† in the year 1988-89. He made analysis of consumption and production of fertilizer by public sector; he also made analysis of profit and loss statement. He gave suggestion to improve the overall performance of public enterprise. In the year of 2002, Dr. Sugan C. Jain has written a book on â€Å"Performance appraisal automobile industry† In his study he has analyses the performance of the automobile industry and presented comparative study of some national and international units. The operational efficiency and profitability had been analyzed using the composite index approach. He made several suggestions from the strengthening the financial soundness improving profitability, working capital the performance of fixed assets. 3 Recently in the year 1998 a study was made by S.J. parmar on â€Å"Financial Efficiency-Modern methods, tools & Techniques† for the period from 1998-89 to 1994-95. He had made an attempt to analyze financial strength, liquidity, profitability, cost and sales trend and social welfare trend by using various ratios analysis, common size analysis and value added analysis. He made several suggestions for the improvement of profitability of industry. In his analysis, he indicates various reasons for higher cost, low profitability, and inefficient use of internal resources. Dr Sanjay Bhayani published a book in 2003, â€Å"Practical financial statement analysis† The study covered 16 public limited cement companies in private sector. He made study of analysis of profitability, working capital, capital structure and activity of Indian cement industry. In his research he revealed various problems of cement industries and suggested remedies for the problems. He also suggested for the improvement of profitability and techniques of cost control. Ram Kumar,Kakani Biswatosh saha and V. N. Reddy has written research paper on Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study. This paper attempts to provide an empirical validation of the widely held existing theories on the determinants of fi rm performance in the Indian context. The study uses financial statement and capital market data of 566 large Indian firms over a time frame of eight years divided into two sub-periods (viz. 1992-96, and 1996-2000) to study Indian firms' financial performance across various dimensions viz. , shareholder value, accounting profitability and its components, growth and risk of the sample firms. It reveals that even on the same data, the determinants of market-based performance measures and accounting-based performance measures differ due to influence of ‘Capital Market Conditions'. We found that size, marketing expenditure, and international diversification had a positive relation with a firm's market valuation.Apart from these firm attributes that reflect either operating parameters of firms or ‘strategic choice' of firm managers, we also found that a firm's ownership composition, particularly the level of equity ownership by Domestic Financial Institutions and Dispersed Pu blic Shareholders, and the leverage of the firm were important factors affecting its financial performance. The different implications of the findings for various stakeholders of a firm are also discussed. 6Dutts S. K has written an article on â€Å"Indian tea industry an appraisal† which was published in Management accountant in the year of March 1992.He analyzed the profitability, liquidity and financial efficiency by using various ratios. 7 Objectives of the study  · To evaluate the financial performance of the selected units of Pharmaceutical industry  · To compare the financial results of the Pharmaceutical industry as Dr Reddy's Laboratories Ltd and Lupin Ltd  · To enquire the adequacy or the accounting information desired from the statement in conformity with laid down accounting statements by the institute of Chartered Accountants of India (ICAI).  · To study the growth of the said companies To give suggestion for best financing method and efficient utilizatio n of fixed assets METHODOLOGY OF THE STUDY: Source of the data: â€Å"Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India† has been made by using data from financial statements of all five major players in cement industry, they are – Dr Reddy's Laboratories Ltd. (Dr. RDL), Ambuja Lupin Ltd. (LL), the period of the study was ten years from 2001 to 2010. The data was collected from cpitaline database and from the annual reports of the respective companies.Hypothesis for the study: For the present study tested following null hypotheses are tested-  · Ho1: The Dr Reddy's Laboratories Ltd. did not achieve better profitability than Lupine Ltd.  · Ho2: The Dr Reddy's Laboratories Ltd. did not achieve better liquidity than Lupine Ltd.  · Ho3: The Dr Reddy's Laboratories Ltd. did not achieve better turnover than Lupine Ltd. Scope of the study: the study Comparative Financial statement Analysis & Innovation in Private s ector Pharmaceutical Companies in India.The study therefore includes financial structure performance, working capital performance, and Profitability performance but excludes non-financial areas such as production, marketing, personnel and R& D from its purview. Techniques used for analysis: The data have been analyzed with the help of ratio analysis, trend analysis, common size analysis-T test to test the relation among different ratios of two selected companies. Limitation of the study: In order to facilitate uniformity in data, years have been readjusted and the data have been recast as on 31st March of each year.The figure taken from the annual reports have been rounded off to two decimals of rupees in crores. The data available in financial statements have been translated in to a pre-designed structure format so that a meaningful interpretation could be made through inter-firm and intra firm comparisons. The format in which the data have been classified is selected after careful consideration of the operation Pharmaceutical Companies. Nevertheless, the limitations do in no way act as a deterrent in drawing effective and meaningful inferences from the studyAnalysis of the data: for knowing Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India the commonly used ratio: fixed Gross profit, Net profit, Return on capital employed, Return on Net worth and Earning per share, Current ratio, Debtors Velocity (Days), Creditors Velocity (Days), Debt equity ratio and Interest coverage ratio, Inventory turnover Ratio, Debtors Turnover Ratio and Total Assets Turnover Ratio Analysis and interpretation: Table-1 Profitability Ratios of Dr Reddy's Laboratories Ltd & Lupine Ltd. Gross profit Net profit ROC RON EPS Year Dr. RDL Lupin Ltd. Dr.RDL Lupin Ltd. Dr. RD Lupin Ltd. Dr. RD Lupin Ltd. Dr. RD Lupin Ltd. 2001 22. 16 9. 25 19 6. 65 31. 5 23. 02 29. 23 31. 13 45. 32 201. 66 2002 33. 1 12. 49 32. 39 7. 54 42. 06 16. 64 45. 71 22. 07 59. 56 17. 42 2003 30. 78 12. 2 28. 34 7. 3 26. 44 16. 05 24. 02 20. 3 50. 6 17. 44 2004 21. 55 19. 07 20. 4 12. 48 15. 61 27. 1 14. 7 36. 14 36. 37 23. 76 2005 7. 9 9. 77 9. 19 6. 96 2. 19 12. 75 2. 77 17. 79 7. 85 20. 09 2006 16. 27 16. 29 14. 12 11 9. 24 20. 86 8. 57 31. 93 26. 82 44. 61 2007 37. 06 16. 27 32. 39 10. 53 35. 94 19. 39 35. 47 27. 89 69. 45 36. 75 2008 21. 63 19. 27 18. 47 13. 53 12. 01 23. 85 10. 35 32. 02 27. 2 52. 31 2009 21. 77 18. 28 17. 8 14. 17 13. 55 22. 29 11. 14 30. 97 32. 25 48. 22 2010 28. 77 21. 56 23. 52 17. 7 17. 79 25. 6 15. 14 33. 23 48. 25 70. 7 Total 240. 99 154. 45 215. 62 107. 86 206. 33 207. 55 197. 1 283. 47 404. 09 532. 96 Average 24. 099 15. 445 21. 562 10. 786 20. 633 20. 755 19. 71 28. 347 40. 409 53. 296 Min 7. 9 9. 25 9. 19 6. 65 2. 19 12. 75 2. 77 17. 79 7. 85 17. 42 Max 37. 06 21. 56 32. 39 17. 7 42. 06 27. 1 45. 71 36. 14 69. 45 201. 66 Sources: Data has been taken from annual reports The gross profit ratio of Dr. RDL was 22 . 16 % in 2001 which went down in to 7. 9% in 2005 but it rose up to 28. 7% in last years of the study period. The ratio ranged between 7. 9% in 2005 to 37. 06% in 2007. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was 24. 09% indicated. The gross profit ratio of Lupin Ltd. showed highly fluctuated trend during the study period with an average of 15. 45%. The ratio was the highest in the year of 2010 and very lowest 2001. T-test T-Test: Calculated value of gross profit ratio is 2. 86 Tabulated value at 5% significant value=1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. The Net profit ratio of Dr.RDL was 19% in the year of 2001 and increased to 32. 39% in the year of 2002. The ratio went down to 28. 34% in year of 2003. The ratio was very low of 9. 19% during the year of 2005 and very highest during the year of 2002. The average ratio was 21. 56% with fluctuated trend. The Net profit r atio of Lupin Ltd. was 6. 65 % in 2001 which went down in to 6. 96% in 2005 but it rose up to 17. 7% in last years of the study period. The ratio ranged between 6. 65% in 2001 to 17. 7% in 2010. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was 10. 78% indicated. T-testCalculated value of net profit ratio is 4. 01 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. The return on capital employed ratio was 31. 5% in 2001 which went down to 9. 24 % in the year of 2006 and also went down to 13. 55% and 17. 79 during the years of 2009 and 2010 respectively. The ratio ranged between 2. 19% in year of 2005to 42. 06% in the year of 2002. The ratio showed down ward trend with an average of 20. 63%. The return on capital employed of Lupin Ltd was showing much fluctuated trend during the year study period.The average ratio was 20. 76 in the Lupin Ltd which sho wed fluctuated trend during the study period. The ratio was 23. 02% in year of 2001 and 20. 86% in year of 2006 and 25. 6% during the last year of study period. The ratio has gone down due to decreased in volume of sales. The sales have gone down since price rise took place in market. T-test Calculated value of return on capital employed ratio is 0. 028 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. The Return on net worth ratio of Dr. RDL was 29. 3% in 2001 which went down in to 8. 57% in 2006 but it rose up to 15. 14% in last years of the study period. The ratio ranged between 2. 77% in 2005 to 45. 71% in 2002. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was indicated19. 71%. The Return on net worth ratio of Lupin Ltd. showed highly fluctuated trend during the study period with an average of 28. 347%. The ratio ranged between 17. 79% in 2005 to 36. 14% in 2004. T-test Calculated value of Return on net worth ratio is 1. 84 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance cal ; t tab Hence hypothesis is rejected. Earnings per share of Dr. RDL were Rs. 45. 32 in the year of 2001 and Rs 59. 56 in the year of 59. 56. The EPS went down to 50. 6 in the year of 2003 and Rs 36. 37 in the year 2004 and Rs. 7. 85 in the year of 2005. The EPS rose to 69. 45 in the year 2007and again went down to 27. 62 in 2008. The EPS Rs. 48. 25 during the last year of study period. The average ESP was 40. 41 with downward trend during the study period. The EPS was 201. 66 in Lupin Ltd. and went down to 20. 09 in the year of 2005 and reached down to 70. 7 during the last year of study period.The EPS showed lower level of EPS due to less utilization of financial leverage. T-test Calculated value of Earnings per share is 0. 70 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of s ignificance t cal ; t tab Hence hypothesis is accepted. Table-2 Liquidity ratio of Dr. RDL and Lupin Ltd. Current ratio Debtors Velocity (Days) Creditors Velocity (Days) Year Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. 2001 1. 69 1. 82 48 47 76 27 2002 3. 09 1. 74 54 61 79 35 2003 4. 86 1. 58 60 62 82 36 2004 3. 73 1. 34 60 66 85 38 2005 2. 49 1. 1 60 56 90 34 2006 1. 5 1. 38 59 57 94 35 2007 2. 21 1. 68 66 63 105 38 2008 3. 05 1. 53 85 69 109 42 2009 3. 15 1. 24 79 77 110 45 2010 2. 44 1. 27 100 81 120 52 Total 28. 56 14. 68 671 639 950 382 Average 2. 856 1. 468 63 62 92 37 Min 1. 69 1. 1 48 47 76 27 Max 4. 86 1. 82 100 81 120 52 Sources: Data has been taken from annual reports In year 2001 Dr. RDL has 1. 69 as its current ratio and after that it continuously increased from 3. 09 to 4. 86 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves from 2. 21 to 3. 05 in year 2007 and 2008 respectively.In the yea r 2009 and 2010 it shows again little fluctuated with an average of 2. 85. In year 2001 Lupin Ltd has 1. 82 as its current ratio and after that it continuously decreased from 1. 74 to 1. 58 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 1. 68 to 1. 53 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuated with an average of 1. 46. T-test Calculated value of current ratio is 4. 50 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance cal ; t tab Hence hypothesis is rejected. In year 2001 Dr. RDL has 48 days as its Debtors Velocity (Days) and after that it continuously increased from 54 (Days) to 60 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 66 days to 85 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctua tions with an average of 63 days. In year 2001 Lupin Ltd. has 47 days as its Debtors Velocity (Days) and after that it continuously increased from 61 (Days) to 62 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negative changes but it moves up from 63 days to 69 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 62 days. T-test Calculated value of Debtors Velocity (Days) is 0. 3 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. In year 2001 Dr. RDL 76 days as its Creditors Velocity (Days) and after that it continuously increased from 79 (Days) to 82 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 105 days to 109 days in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with a n average of 92 days. In year 2001 Lupin Ltd. 27 days as its Creditors Velocity (Days) and after that it continuously increased from 35 (Days) to 36 days in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed positives changes but it moves down from 38 days to 42 days in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 37 days.T-test Calculated value of Creditors Velocity (Days) is 10. 83 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Leverage Ratios of Dr. RDL & Lupin Ltd. Table-3 Leverage Ratios of Dr. RDL & Lupin Ltd. Debt equity ratio Interest coverage ratio Year Dr. RDL Lupin Ltd. Dr. RD Lupin Ltd. 2001 0. 56 1. 79 5. 05 2. 09 2002 0. 19 1. 88 34. 27 2. 55 2003 0. 01 1. 77 72. 27 2. 53 2004 0. 02 1. 24 72. 71 4. 89 2005 0. 08 0. 86 3. 82 4. 12 2006 0. 28 1. 18 10. 39 8. 6 2007 0. 19 1. 16 27. 29 8. 65 2008 0. 09 0. 83 40. 74 13. 99 2009 0. 11 0. 71 27. 62 2. 35 2010 0. 11 0. 47 68. 8 25. 97 Total 1. 64 11. 89 362. 96 85. 74 Average 0. 16 1. 19 36. 30 8. 57 Min 0. 01 0. 47 3. 82 2. 09 Max 0. 56 1. 88 72. 71 25. 97 Sources: Data has been taken from annual reports The Debt equity ratio of Dr. RDL was 0. 56 in 2001 which went down in to 0. 28 in 2006 but it went down to 0. 11 in last years of the study period. The ratio ranged between 0. 01 in 2003 to 0. 56 in 2001. The ratio showed highly fluctuated trend during the study period. The average Debt equity ratio was indicated 0. 16. In year 2001 Lupin Ltd. 1. 79 as its Debt equity ratio and after that it continuously decreased from 1. 8 to 1. 77 days in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed positives changes but it moves down from 1. 16 to 0. 83 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 1. 19 days. T-test Calc ulated value of Debt equity ratio is 6. 28 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Interest coverage ratio of Dr. RDL was 5. 05 in the year of 2001 and Rs 3. 82 in the year of 2006. The Interest coverage ratio went up to 72. 7 in the year of 2003 and 72. 71 in the year 2004 and 3. 82 in the year of 2005. The Interest coverage ratio rose to 27. 29 in the year 2007and again went up to 40. 74in 2008. The Interest coverage ratio was 68. 8 during the last year of study period. The average Interest coverage ratio was 36. 30 with upward trend during the study period. In year 2001 Lupin Ltd. 2. 09 as its Debt equity ratio and after that it continuously decreased from 2. 55 to 2. 53 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negatives changes but it moves down from 8. 65 to 13. 99 in year 2007 and 2008 respectively.In the year 2009 and 2010 it shows aga in little fluctuations with an average of 8. 57. T-test Calculated value of Interest coverage ratio is 3. 13 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Table-4 Turnover ratio of Dr. RDL and Lupin Ltd. Inventory Turnover Ratio Debtors Turnover Ratio Total Assets Turnover Ratio Year Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. 2001 8. 65 11. 3 4. 76 5. 39 1. 03 1. 6 2002 9. 01 6. 61 4. 29 3. 06 0. 99 1. 32 2003 7. 44 7. 02 3. 64 2. 75 0. 92 1. 29 2004 6. 99 6. 74 3. 97 3. 89 0. 88 1. 7 2005 5. 79 5. 23 3. 78 5. 37 0. 85 1. 31 2006 5. 64 5. 95 4. 21 5. 69 0. 82 1. 28 2007 8. 69 5. 7 4. 94 4. 9 0. 75 1. 14 2008 6. 11 5. 08 3. 53 4. 7 0. 65 1. 09 2009 6. 16 4. 39 3. 66 4. 39 0. 64 0. 99 2010 5. 57 5. 13 3. 66 4. 51 0. 59 0. 94 Total 70. 05 63. 15 40. 44 44. 65 8. 12 12. 23 Average 7. 005 6. 315 4. 044 4. 465 0. 812 1. 223 Min 5. 57 4. 39 3. 53 2. 75 0. 59 0. 94 Max 9. 01 11. 3 4. 94 5 . 69 1. 03 1. 6 Sources: Data has been taken from annual reports In year 2001 Dr. RDL 8. 65 as its Inventory Turnover Ratio and after that it continuously decreased from 9. 01 to 7. 44 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negatives changes but it moves down from 8. 69 to 6. 11 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 7. 01. In year 2001 Lupin Ltd. 11. 3 as its Inventory Turnover Ratio and after that it continuously increased from 6. 61 to 7. 02 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with ups and downs but it moves down from 5. 7 to 5. 08 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 6. 2. Calculated value of Inventory Turnover Ratio is 0. 72 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. In year 2001 Dr. RDL. 4. 76 as its Debtors Turnover Ratio and after that it continuously decreased from 4. 29 to 3. 64 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 4. 94 to 3. 53 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 4. 04.In year 2001 Lupin Ltd. 5. 39 as its Debtors Turnover Ratio and after that it continuously decreased from 3. 06 to 2. 75 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 4. 9 to 4. 73 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 4. 47. Calculated value of Debtors Turnover Ratio is 1. 21 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hy pothesis is accepted. In year 2001 Dr. RDL. 1. 3 as its Total Assets Turnover Ratio and after that it continuously decreased from 0. 99 to 0. 92 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with downward movements but it moves down from 0. 75 to 0. 65 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 0. 81. In year 2001 Lupin Ltd. 1. 6 as its Total Assets Turnover Ratio and after that it continuously decreased from 1. 32 to 1. 29 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 1. 4 to 1. 09 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 1. 22. Calculated value of Total Assets Turnover Ratio is 5. 34 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hyp othesis is rejected. Summary findings and Conclusion The liquidity ratio of Lupin Ltd is highly threatening when compared with Dr. RDL. Thus Lupin Ltd has to control the current liabilities or to increase the current assets so that they can cover all the current liabilities and be in safer position.Thus slightly fluctuations in sales in that situation can not affect the paying capacity of the concern and thus maintain the credibility. The profitability ratio of Dr. RDL is better when it is compared with Lupin Ltd. It can be inferred from the result that Lupin Ltd can expand the business or can move further in newer directions as it is experiencing continuously growth in the profitability. Lupin Ltd has to give a fairer thought to reduce cost in providing services and increasing the turnover so that sustained growth in profitability can be seenReturn on Net Capital Employed is the best test of overall profitability and efficiency of the business firm. A company with high rate of retu rn on capital employed would be in a position to capitalize; e. g. it can take advantage of all favorable market opportunities. The study shows that returns on capital employed in selected units in India had marked a fluctuated trend. The average was 17. 79 and 25. 6 percent in units in India respectively. This ratio was satisfactory. On the whole Dr. DRL had the highest return net on capital employed of As compared to the Lupin ltd.In the light of the above discussion it is suggested that Lupin ltd should undertake cost control measure so that increase net profit before interest and taxes of the company might enhance the return on net capital employed. The solvency ratio also reveals the same track record of an upper hand over Lupin ltd. This position depicts the financial soundness or good financial health of the DR. RDL. In this sector Lupin ltd. has to work hard for providing the financial health in terms of capital also. The turnover ratio of Lupin Ltd. is showing better positi on when compared to DR. RDL. This fact proves that the market size in Lupin Ltd. s far more better than the DR. RDL which in turn is gearing its growth in all the stream. Thus DR. RDL has to work for increasing the market size and customer base so that it can achieve the trend of continuous growth. It can be inferred from the overall financial analysis that Lupin Ltd ltd. has to rethink and device the strategies so that it can lead towards positive way and become the major players. Innovation though financial statement analysis can be seen though mergers and acquisitions and launching of new products and schemes so that enterprise can be proud of being major market players and setter newer and newer goals in the future.Cost accounting and cost audit should be made mandatory for this units and cost sheet along with annual financing statement should be prepared. The policy of borrowed financing in selected Parma group of companies under study was not proper. So the companies should us e widely the borrowed funds and should try to reduce the fixed charges burden gradually by decreasing borrowed funds and by enhancing the owner’s fund. For this purpose companies should enlarge their equity share capital by issuing new equity shares. There has been too much of government interference in policy and day-to-day working and decisions.This leads to delays in decision-making. This should be abolished. There is no incentive to the employees to perform better. Also there is no accountability because no one is held responsible for a failure in achieving targets for this kind of problem responsibility centre should be created. Improper planning and delays in implementation of projects lead to rise in their cost. So properly planning should be made. To regularize and optimize the use of cash balance proper techniques may be adopted for planning and control of cash. The investments in inventories should be reduced and need to introduce a system of prompt collection of de bts.Selected pharma companies should try to use properly their operating assets and should try to minimize their non-operating expenses. To conclude the study, it can be said that the adoption of above measures will doubtlessly help the selected companies to improve their overall performance in the management. With the efficient management of long term fund, selected companies can utilized their capacity optimally and accelerate economic growth of India by increasing the production of pharma product at reasonable cost. References. 1. Dr. Promod Kumar. â€Å"Analysis of financial statement of Indian Industries†Saujaniya Publication Ltd. 1992 2. Ahindra Chakrabati: â€Å"Performance of public sector enterprises a Case study on fertilizers† The Indian journal of public enterprise. 1988-89 3. Dr. Sugan C. Jain: â€Å"Performance appraisal automobile industry† Raj Publishing House, c2002. Jaipur, India 4. Parmar S. J. :â€Å"Financial Efficiency-Modern methods, tool s & Techniques† Raj publication year of publication-2001 5. Dr Sanjay Bhayani: â€Å"Practical financial statement analysis† Raj publication,2003 6. Kakani, Ram Kumar, Saha, Biswatosh and Reddy, V. N.Nagi, Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study (November 2001). National Stock Exchange of India Limited, NSE Research Initiative Paper No. 5. 7. Dutts S. K has: â€Å"Indian tea industry an appraisal† Management accountant, March-1992 8. Brigham, Eugene. F and Joel F. Houston. â€Å"Fundamentals of Financial Management, Ninth Edition, Harcourt College Publishers, Fort Worth, 2001. 9. Review of Business Research, 2007 by Tarun K. Mukherjee, Prakash Deo. 10. Gitman, L. J. , â€Å"Principles of Management finance,† New York: Harper & Row publishers,1982,p. 81 11. Paton & Paton. , â€Å"Corporation Accounts and statements†, New York: Macmillan Company, 1964, p. 362. 12. Kulshresh tha, N. K. , â€Å"Analysis of Financial statements of Indian Paper industry†, Aligarh: Navman Publishing House, 1972, p. 133. 13. Kulshreshtha, N. K. , Op. cit. , p. 134. 14. Hunt W. and Donaldson, G. , â€Å"Business Finance-text and cases†, Illinois: Richard D. Irwin, 1965, Pp. 114-115. 15. Roy Chowdhar, A. B. , â€Å"Analysis and Interpretation of Financial statements†, New Delhi Orient Longmans, 1970, p. 24. 16. Bogen, J. J. , â€Å"Financial Handbook† New Delhi: The Ronald press, 1957,p. 53. 17. Weston, J. F. and Brigham, E. F. , â€Å"Management finance†, New York: Holt, Rinehart and Winton, Inc, . 1972, p. 88. 18. Hingorani, N. L. and Raman than, A. R. , â€Å"Management Accounting†, New Delhi: Sultan Chand & Sons, 1977,p. 115. 19. Srivastava, R. M. , â€Å"Financial Management†, Meerut India: Pragati Prakasjan, 1979, p. 476. 20. Westiwick, C. A. , â€Å"Management: How to use ratios†, Epping Essex: Grower Press Ltd. 19 73,p. 5 21. Bogen, J. J. , Op. cit. Pp. 751-752. 22. Mohsin, M. , â€Å"Financial Planning and Control†; NewDelhi: Vikas publishing House Pvt. Ltd. , 1980, p. 174. 23.Kulshrestha, N. K. Op. cit. , 139. 24. HENDERSON, G. V. , Gurry, J. R. Trnnep Oh. , James E. Wirt. , â€Å"An Introduction to financial Management†, California: Addition-Wesley publishing company, 1984, p. 122. 25. Anthony, R. N. and Reece, J. S. , Op. , cit. , p. 198. 26. Information obtained through unstructured interviews from financial managers of the sample units though telephone. 27. Annual reports of selected cement company from 2003-04 to 2008-09 28. Kennedy, R. D. and Mcmullen, S. Y. , â€Å"Financial statements: Forms analysis and interpretation†, Illnois: Richard D. Irwin inc. 1964, p. 404. Information about this Article Peer-review ratings (from 2 reviews, where a score of 100 represents the ‘average’ level): Originality = 175. 00, importance = 162. 50, overall quality = 16 2. 50 This Article was published on 14th March, 2012 at 18:41:24 and has been viewed 2635 times. This work is licensed under a Creative Commons Attribution 2. 5 License. The full citation for this Article is: Kakkad, R. (2012). Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India-An empirical Analysis. PHILICA. COM Article number 318. Ratio Analysis Though there are innumerable literatures available on the subject, the most appropriate studies have been reviewed. Dr. Promod Kumar published a book in 1991 â€Å"Analysis of financial statement of Indian Industries† The study covered the 17 private sector, 5 state owned public sector and 1 central public sector companies. He studied analysis of activities, assessment of profitability, return on capital investment, analysis of financial structure, analysis of fixed assets and working capital.In his research he revealed various problems of industries and suggested remedies for the problems. He also suggested for the improvement of profitability and techniques of cost control. 1Ahindra Chakrabati published an articles â€Å"Performance of public sector enterprises a Case study on fertilizers† in â€Å"The Indian journal of public enterprise† in the year 1988-89. He made analysis of consumption and production of fertilizer by public sector; he also made analysis of profit and loss statement. He gave suggestion to improve the overall performance of public enterprise. In the year of 2002, Dr. Sugan C. Jain has written a book on â€Å"Performance appraisal automobile industry† In his study he has analyses the performance of the automobile industry and presented comparative study of some national and international units. The operational efficiency and profitability had been analyzed using the composite index approach. He made several suggestions from the strengthening the financial soundness improving profitability, working capital the performance of fixed assets. 3 Recently in the year 1998 a study was made by S.J. parmar on â€Å"Financial Efficiency-Modern methods, tools & Techniques† for the period from 1998-89 to 1994-95. He had made an attempt to analyze financial strength, liquidity, profitability, cost and sales trend and social welfare trend by using various ratios analysis, common size analysis and value added analysis. He made several suggestions for the improvement of profitability of industry. In his analysis, he indicates various reasons for higher cost, low profitability, and inefficient use of internal resources. Dr Sanjay Bhayani published a book in 2003, â€Å"Practical financial statement analysis† The study covered 16 public limited cement companies in private sector. He made study of analysis of profitability, working capital, capital structure and activity of Indian cement industry. In his research he revealed various problems of cement industries and suggested remedies for the problems. He also suggested for the improvement of profitability and techniques of cost control. Ram Kumar,Kakani Biswatosh saha and V. N. Reddy has written research paper on Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study. This paper attempts to provide an empirical validation of the widely held existing theories on the determinants of fi rm performance in the Indian context. The study uses financial statement and capital market data of 566 large Indian firms over a time frame of eight years divided into two sub-periods (viz. 1992-96, and 1996-2000) to study Indian firms' financial performance across various dimensions viz. , shareholder value, accounting profitability and its components, growth and risk of the sample firms. It reveals that even on the same data, the determinants of market-based performance measures and accounting-based performance measures differ due to influence of ‘Capital Market Conditions'. We found that size, marketing expenditure, and international diversification had a positive relation with a firm's market valuation.Apart from these firm attributes that reflect either operating parameters of firms or ‘strategic choice' of firm managers, we also found that a firm's ownership composition, particularly the level of equity ownership by Domestic Financial Institutions and Dispersed Pu blic Shareholders, and the leverage of the firm were important factors affecting its financial performance. The different implications of the findings for various stakeholders of a firm are also discussed. 6Dutts S. K has written an article on â€Å"Indian tea industry an appraisal† which was published in Management accountant in the year of March 1992.He analyzed the profitability, liquidity and financial efficiency by using various ratios. 7 Objectives of the study  · To evaluate the financial performance of the selected units of Pharmaceutical industry  · To compare the financial results of the Pharmaceutical industry as Dr Reddy's Laboratories Ltd and Lupin Ltd  · To enquire the adequacy or the accounting information desired from the statement in conformity with laid down accounting statements by the institute of Chartered Accountants of India (ICAI).  · To study the growth of the said companies To give suggestion for best financing method and efficient utilizatio n of fixed assets METHODOLOGY OF THE STUDY: Source of the data: â€Å"Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India† has been made by using data from financial statements of all five major players in cement industry, they are – Dr Reddy's Laboratories Ltd. (Dr. RDL), Ambuja Lupin Ltd. (LL), the period of the study was ten years from 2001 to 2010. The data was collected from cpitaline database and from the annual reports of the respective companies.Hypothesis for the study: For the present study tested following null hypotheses are tested-  · Ho1: The Dr Reddy's Laboratories Ltd. did not achieve better profitability than Lupine Ltd.  · Ho2: The Dr Reddy's Laboratories Ltd. did not achieve better liquidity than Lupine Ltd.  · Ho3: The Dr Reddy's Laboratories Ltd. did not achieve better turnover than Lupine Ltd. Scope of the study: the study Comparative Financial statement Analysis & Innovation in Private s ector Pharmaceutical Companies in India.The study therefore includes financial structure performance, working capital performance, and Profitability performance but excludes non-financial areas such as production, marketing, personnel and R& D from its purview. Techniques used for analysis: The data have been analyzed with the help of ratio analysis, trend analysis, common size analysis-T test to test the relation among different ratios of two selected companies. Limitation of the study: In order to facilitate uniformity in data, years have been readjusted and the data have been recast as on 31st March of each year.The figure taken from the annual reports have been rounded off to two decimals of rupees in crores. The data available in financial statements have been translated in to a pre-designed structure format so that a meaningful interpretation could be made through inter-firm and intra firm comparisons. The format in which the data have been classified is selected after careful consideration of the operation Pharmaceutical Companies. Nevertheless, the limitations do in no way act as a deterrent in drawing effective and meaningful inferences from the studyAnalysis of the data: for knowing Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India the commonly used ratio: fixed Gross profit, Net profit, Return on capital employed, Return on Net worth and Earning per share, Current ratio, Debtors Velocity (Days), Creditors Velocity (Days), Debt equity ratio and Interest coverage ratio, Inventory turnover Ratio, Debtors Turnover Ratio and Total Assets Turnover Ratio Analysis and interpretation: Table-1 Profitability Ratios of Dr Reddy's Laboratories Ltd & Lupine Ltd. Gross profit Net profit ROC RON EPS Year Dr. RDL Lupin Ltd. Dr.RDL Lupin Ltd. Dr. RD Lupin Ltd. Dr. RD Lupin Ltd. Dr. RD Lupin Ltd. 2001 22. 16 9. 25 19 6. 65 31. 5 23. 02 29. 23 31. 13 45. 32 201. 66 2002 33. 1 12. 49 32. 39 7. 54 42. 06 16. 64 45. 71 22. 07 59. 56 17. 42 2003 30. 78 12. 2 28. 34 7. 3 26. 44 16. 05 24. 02 20. 3 50. 6 17. 44 2004 21. 55 19. 07 20. 4 12. 48 15. 61 27. 1 14. 7 36. 14 36. 37 23. 76 2005 7. 9 9. 77 9. 19 6. 96 2. 19 12. 75 2. 77 17. 79 7. 85 20. 09 2006 16. 27 16. 29 14. 12 11 9. 24 20. 86 8. 57 31. 93 26. 82 44. 61 2007 37. 06 16. 27 32. 39 10. 53 35. 94 19. 39 35. 47 27. 89 69. 45 36. 75 2008 21. 63 19. 27 18. 47 13. 53 12. 01 23. 85 10. 35 32. 02 27. 2 52. 31 2009 21. 77 18. 28 17. 8 14. 17 13. 55 22. 29 11. 14 30. 97 32. 25 48. 22 2010 28. 77 21. 56 23. 52 17. 7 17. 79 25. 6 15. 14 33. 23 48. 25 70. 7 Total 240. 99 154. 45 215. 62 107. 86 206. 33 207. 55 197. 1 283. 47 404. 09 532. 96 Average 24. 099 15. 445 21. 562 10. 786 20. 633 20. 755 19. 71 28. 347 40. 409 53. 296 Min 7. 9 9. 25 9. 19 6. 65 2. 19 12. 75 2. 77 17. 79 7. 85 17. 42 Max 37. 06 21. 56 32. 39 17. 7 42. 06 27. 1 45. 71 36. 14 69. 45 201. 66 Sources: Data has been taken from annual reports The gross profit ratio of Dr. RDL was 22 . 16 % in 2001 which went down in to 7. 9% in 2005 but it rose up to 28. 7% in last years of the study period. The ratio ranged between 7. 9% in 2005 to 37. 06% in 2007. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was 24. 09% indicated. The gross profit ratio of Lupin Ltd. showed highly fluctuated trend during the study period with an average of 15. 45%. The ratio was the highest in the year of 2010 and very lowest 2001. T-test T-Test: Calculated value of gross profit ratio is 2. 86 Tabulated value at 5% significant value=1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. The Net profit ratio of Dr.RDL was 19% in the year of 2001 and increased to 32. 39% in the year of 2002. The ratio went down to 28. 34% in year of 2003. The ratio was very low of 9. 19% during the year of 2005 and very highest during the year of 2002. The average ratio was 21. 56% with fluctuated trend. The Net profit r atio of Lupin Ltd. was 6. 65 % in 2001 which went down in to 6. 96% in 2005 but it rose up to 17. 7% in last years of the study period. The ratio ranged between 6. 65% in 2001 to 17. 7% in 2010. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was 10. 78% indicated. T-testCalculated value of net profit ratio is 4. 01 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. The return on capital employed ratio was 31. 5% in 2001 which went down to 9. 24 % in the year of 2006 and also went down to 13. 55% and 17. 79 during the years of 2009 and 2010 respectively. The ratio ranged between 2. 19% in year of 2005to 42. 06% in the year of 2002. The ratio showed down ward trend with an average of 20. 63%. The return on capital employed of Lupin Ltd was showing much fluctuated trend during the year study period.The average ratio was 20. 76 in the Lupin Ltd which sho wed fluctuated trend during the study period. The ratio was 23. 02% in year of 2001 and 20. 86% in year of 2006 and 25. 6% during the last year of study period. The ratio has gone down due to decreased in volume of sales. The sales have gone down since price rise took place in market. T-test Calculated value of return on capital employed ratio is 0. 028 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. The Return on net worth ratio of Dr. RDL was 29. 3% in 2001 which went down in to 8. 57% in 2006 but it rose up to 15. 14% in last years of the study period. The ratio ranged between 2. 77% in 2005 to 45. 71% in 2002. The ratio showed highly fluctuated trend during the study period. The average gross profit ratio was indicated19. 71%. The Return on net worth ratio of Lupin Ltd. showed highly fluctuated trend during the study period with an average of 28. 347%. The ratio ranged between 17. 79% in 2005 to 36. 14% in 2004. T-test Calculated value of Return on net worth ratio is 1. 84 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance cal ; t tab Hence hypothesis is rejected. Earnings per share of Dr. RDL were Rs. 45. 32 in the year of 2001 and Rs 59. 56 in the year of 59. 56. The EPS went down to 50. 6 in the year of 2003 and Rs 36. 37 in the year 2004 and Rs. 7. 85 in the year of 2005. The EPS rose to 69. 45 in the year 2007and again went down to 27. 62 in 2008. The EPS Rs. 48. 25 during the last year of study period. The average ESP was 40. 41 with downward trend during the study period. The EPS was 201. 66 in Lupin Ltd. and went down to 20. 09 in the year of 2005 and reached down to 70. 7 during the last year of study period.The EPS showed lower level of EPS due to less utilization of financial leverage. T-test Calculated value of Earnings per share is 0. 70 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of s ignificance t cal ; t tab Hence hypothesis is accepted. Table-2 Liquidity ratio of Dr. RDL and Lupin Ltd. Current ratio Debtors Velocity (Days) Creditors Velocity (Days) Year Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. 2001 1. 69 1. 82 48 47 76 27 2002 3. 09 1. 74 54 61 79 35 2003 4. 86 1. 58 60 62 82 36 2004 3. 73 1. 34 60 66 85 38 2005 2. 49 1. 1 60 56 90 34 2006 1. 5 1. 38 59 57 94 35 2007 2. 21 1. 68 66 63 105 38 2008 3. 05 1. 53 85 69 109 42 2009 3. 15 1. 24 79 77 110 45 2010 2. 44 1. 27 100 81 120 52 Total 28. 56 14. 68 671 639 950 382 Average 2. 856 1. 468 63 62 92 37 Min 1. 69 1. 1 48 47 76 27 Max 4. 86 1. 82 100 81 120 52 Sources: Data has been taken from annual reports In year 2001 Dr. RDL has 1. 69 as its current ratio and after that it continuously increased from 3. 09 to 4. 86 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves from 2. 21 to 3. 05 in year 2007 and 2008 respectively.In the yea r 2009 and 2010 it shows again little fluctuated with an average of 2. 85. In year 2001 Lupin Ltd has 1. 82 as its current ratio and after that it continuously decreased from 1. 74 to 1. 58 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 1. 68 to 1. 53 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuated with an average of 1. 46. T-test Calculated value of current ratio is 4. 50 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance cal ; t tab Hence hypothesis is rejected. In year 2001 Dr. RDL has 48 days as its Debtors Velocity (Days) and after that it continuously increased from 54 (Days) to 60 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 66 days to 85 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctua tions with an average of 63 days. In year 2001 Lupin Ltd. has 47 days as its Debtors Velocity (Days) and after that it continuously increased from 61 (Days) to 62 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negative changes but it moves up from 63 days to 69 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 62 days. T-test Calculated value of Debtors Velocity (Days) is 0. 3 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. In year 2001 Dr. RDL 76 days as its Creditors Velocity (Days) and after that it continuously increased from 79 (Days) to 82 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negative changes but it moves down from 105 days to 109 days in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with a n average of 92 days. In year 2001 Lupin Ltd. 27 days as its Creditors Velocity (Days) and after that it continuously increased from 35 (Days) to 36 days in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed positives changes but it moves down from 38 days to 42 days in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 37 days.T-test Calculated value of Creditors Velocity (Days) is 10. 83 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Leverage Ratios of Dr. RDL & Lupin Ltd. Table-3 Leverage Ratios of Dr. RDL & Lupin Ltd. Debt equity ratio Interest coverage ratio Year Dr. RDL Lupin Ltd. Dr. RD Lupin Ltd. 2001 0. 56 1. 79 5. 05 2. 09 2002 0. 19 1. 88 34. 27 2. 55 2003 0. 01 1. 77 72. 27 2. 53 2004 0. 02 1. 24 72. 71 4. 89 2005 0. 08 0. 86 3. 82 4. 12 2006 0. 28 1. 18 10. 39 8. 6 2007 0. 19 1. 16 27. 29 8. 65 2008 0. 09 0. 83 40. 74 13. 99 2009 0. 11 0. 71 27. 62 2. 35 2010 0. 11 0. 47 68. 8 25. 97 Total 1. 64 11. 89 362. 96 85. 74 Average 0. 16 1. 19 36. 30 8. 57 Min 0. 01 0. 47 3. 82 2. 09 Max 0. 56 1. 88 72. 71 25. 97 Sources: Data has been taken from annual reports The Debt equity ratio of Dr. RDL was 0. 56 in 2001 which went down in to 0. 28 in 2006 but it went down to 0. 11 in last years of the study period. The ratio ranged between 0. 01 in 2003 to 0. 56 in 2001. The ratio showed highly fluctuated trend during the study period. The average Debt equity ratio was indicated 0. 16. In year 2001 Lupin Ltd. 1. 79 as its Debt equity ratio and after that it continuously decreased from 1. 8 to 1. 77 days in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed positives changes but it moves down from 1. 16 to 0. 83 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 1. 19 days. T-test Calc ulated value of Debt equity ratio is 6. 28 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Interest coverage ratio of Dr. RDL was 5. 05 in the year of 2001 and Rs 3. 82 in the year of 2006. The Interest coverage ratio went up to 72. 7 in the year of 2003 and 72. 71 in the year 2004 and 3. 82 in the year of 2005. The Interest coverage ratio rose to 27. 29 in the year 2007and again went up to 40. 74in 2008. The Interest coverage ratio was 68. 8 during the last year of study period. The average Interest coverage ratio was 36. 30 with upward trend during the study period. In year 2001 Lupin Ltd. 2. 09 as its Debt equity ratio and after that it continuously decreased from 2. 55 to 2. 53 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed negatives changes but it moves down from 8. 65 to 13. 99 in year 2007 and 2008 respectively.In the year 2009 and 2010 it shows aga in little fluctuations with an average of 8. 57. T-test Calculated value of Interest coverage ratio is 3. 13 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is rejected. Table-4 Turnover ratio of Dr. RDL and Lupin Ltd. Inventory Turnover Ratio Debtors Turnover Ratio Total Assets Turnover Ratio Year Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. Dr. RDL Lupin Ltd. 2001 8. 65 11. 3 4. 76 5. 39 1. 03 1. 6 2002 9. 01 6. 61 4. 29 3. 06 0. 99 1. 32 2003 7. 44 7. 02 3. 64 2. 75 0. 92 1. 29 2004 6. 99 6. 74 3. 97 3. 89 0. 88 1. 7 2005 5. 79 5. 23 3. 78 5. 37 0. 85 1. 31 2006 5. 64 5. 95 4. 21 5. 69 0. 82 1. 28 2007 8. 69 5. 7 4. 94 4. 9 0. 75 1. 14 2008 6. 11 5. 08 3. 53 4. 7 0. 65 1. 09 2009 6. 16 4. 39 3. 66 4. 39 0. 64 0. 99 2010 5. 57 5. 13 3. 66 4. 51 0. 59 0. 94 Total 70. 05 63. 15 40. 44 44. 65 8. 12 12. 23 Average 7. 005 6. 315 4. 044 4. 465 0. 812 1. 223 Min 5. 57 4. 39 3. 53 2. 75 0. 59 0. 94 Max 9. 01 11. 3 4. 94 5 . 69 1. 03 1. 6 Sources: Data has been taken from annual reports In year 2001 Dr. RDL 8. 65 as its Inventory Turnover Ratio and after that it continuously decreased from 9. 01 to 7. 44 in the year of 2002 and 2003 respectively.But in year 2004, 2005 & 2006 it also showed negatives changes but it moves down from 8. 69 to 6. 11 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 7. 01. In year 2001 Lupin Ltd. 11. 3 as its Inventory Turnover Ratio and after that it continuously increased from 6. 61 to 7. 02 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with ups and downs but it moves down from 5. 7 to 5. 08 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 6. 2. Calculated value of Inventory Turnover Ratio is 0. 72 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hypothesis is accepted. In year 2001 Dr. RDL. 4. 76 as its Debtors Turnover Ratio and after that it continuously decreased from 4. 29 to 3. 64 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 4. 94 to 3. 53 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 4. 04.In year 2001 Lupin Ltd. 5. 39 as its Debtors Turnover Ratio and after that it continuously decreased from 3. 06 to 2. 75 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 4. 9 to 4. 73 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 4. 47. Calculated value of Debtors Turnover Ratio is 1. 21 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hy pothesis is accepted. In year 2001 Dr. RDL. 1. 3 as its Total Assets Turnover Ratio and after that it continuously decreased from 0. 99 to 0. 92 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with downward movements but it moves down from 0. 75 to 0. 65 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 0. 81. In year 2001 Lupin Ltd. 1. 6 as its Total Assets Turnover Ratio and after that it continuously decreased from 1. 32 to 1. 29 in the year of 2002 and 2003 respectively. But in year 2004, 2005 & 2006 it also showed trend with upward movements but it moves down from 1. 4 to 1. 09 in year 2007 and 2008 respectively. In the year 2009 and 2010 it shows again little fluctuations with an average of 1. 22. Calculated value of Total Assets Turnover Ratio is 5. 34 Tabulated value at 5% significant value= 1. 73 d. e. f. = 18 at 5% of level of significance t cal ; t tab Hence hyp othesis is rejected. Summary findings and Conclusion The liquidity ratio of Lupin Ltd is highly threatening when compared with Dr. RDL. Thus Lupin Ltd has to control the current liabilities or to increase the current assets so that they can cover all the current liabilities and be in safer position.Thus slightly fluctuations in sales in that situation can not affect the paying capacity of the concern and thus maintain the credibility. The profitability ratio of Dr. RDL is better when it is compared with Lupin Ltd. It can be inferred from the result that Lupin Ltd can expand the business or can move further in newer directions as it is experiencing continuously growth in the profitability. Lupin Ltd has to give a fairer thought to reduce cost in providing services and increasing the turnover so that sustained growth in profitability can be seenReturn on Net Capital Employed is the best test of overall profitability and efficiency of the business firm. A company with high rate of retu rn on capital employed would be in a position to capitalize; e. g. it can take advantage of all favorable market opportunities. The study shows that returns on capital employed in selected units in India had marked a fluctuated trend. The average was 17. 79 and 25. 6 percent in units in India respectively. This ratio was satisfactory. On the whole Dr. DRL had the highest return net on capital employed of As compared to the Lupin ltd.In the light of the above discussion it is suggested that Lupin ltd should undertake cost control measure so that increase net profit before interest and taxes of the company might enhance the return on net capital employed. The solvency ratio also reveals the same track record of an upper hand over Lupin ltd. This position depicts the financial soundness or good financial health of the DR. RDL. In this sector Lupin ltd. has to work hard for providing the financial health in terms of capital also. The turnover ratio of Lupin Ltd. is showing better positi on when compared to DR. RDL. This fact proves that the market size in Lupin Ltd. s far more better than the DR. RDL which in turn is gearing its growth in all the stream. Thus DR. RDL has to work for increasing the market size and customer base so that it can achieve the trend of continuous growth. It can be inferred from the overall financial analysis that Lupin Ltd ltd. has to rethink and device the strategies so that it can lead towards positive way and become the major players. Innovation though financial statement analysis can be seen though mergers and acquisitions and launching of new products and schemes so that enterprise can be proud of being major market players and setter newer and newer goals in the future.Cost accounting and cost audit should be made mandatory for this units and cost sheet along with annual financing statement should be prepared. The policy of borrowed financing in selected Parma group of companies under study was not proper. So the companies should us e widely the borrowed funds and should try to reduce the fixed charges burden gradually by decreasing borrowed funds and by enhancing the owner’s fund. For this purpose companies should enlarge their equity share capital by issuing new equity shares. There has been too much of government interference in policy and day-to-day working and decisions.This leads to delays in decision-making. This should be abolished. There is no incentive to the employees to perform better. Also there is no accountability because no one is held responsible for a failure in achieving targets for this kind of problem responsibility centre should be created. Improper planning and delays in implementation of projects lead to rise in their cost. So properly planning should be made. To regularize and optimize the use of cash balance proper techniques may be adopted for planning and control of cash. The investments in inventories should be reduced and need to introduce a system of prompt collection of de bts.Selected pharma companies should try to use properly their operating assets and should try to minimize their non-operating expenses. To conclude the study, it can be said that the adoption of above measures will doubtlessly help the selected companies to improve their overall performance in the management. With the efficient management of long term fund, selected companies can utilized their capacity optimally and accelerate economic growth of India by increasing the production of pharma product at reasonable cost. References. 1. Dr. Promod Kumar. â€Å"Analysis of financial statement of Indian Industries†Saujaniya Publication Ltd. 1992 2. Ahindra Chakrabati: â€Å"Performance of public sector enterprises a Case study on fertilizers† The Indian journal of public enterprise. 1988-89 3. Dr. Sugan C. Jain: â€Å"Performance appraisal automobile industry† Raj Publishing House, c2002. Jaipur, India 4. Parmar S. J. :â€Å"Financial Efficiency-Modern methods, tool s & Techniques† Raj publication year of publication-2001 5. Dr Sanjay Bhayani: â€Å"Practical financial statement analysis† Raj publication,2003 6. Kakani, Ram Kumar, Saha, Biswatosh and Reddy, V. N.Nagi, Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study (November 2001). National Stock Exchange of India Limited, NSE Research Initiative Paper No. 5. 7. Dutts S. K has: â€Å"Indian tea industry an appraisal† Management accountant, March-1992 8. Brigham, Eugene. F and Joel F. Houston. â€Å"Fundamentals of Financial Management, Ninth Edition, Harcourt College Publishers, Fort Worth, 2001. 9. Review of Business Research, 2007 by Tarun K. Mukherjee, Prakash Deo. 10. Gitman, L. J. , â€Å"Principles of Management finance,† New York: Harper & Row publishers,1982,p. 81 11. Paton & Paton. , â€Å"Corporation Accounts and statements†, New York: Macmillan Company, 1964, p. 362. 12. Kulshresh tha, N. K. , â€Å"Analysis of Financial statements of Indian Paper industry†, Aligarh: Navman Publishing House, 1972, p. 133. 13. Kulshreshtha, N. K. , Op. cit. , p. 134. 14. Hunt W. and Donaldson, G. , â€Å"Business Finance-text and cases†, Illinois: Richard D. Irwin, 1965, Pp. 114-115. 15. Roy Chowdhar, A. B. , â€Å"Analysis and Interpretation of Financial statements†, New Delhi Orient Longmans, 1970, p. 24. 16. Bogen, J. J. , â€Å"Financial Handbook† New Delhi: The Ronald press, 1957,p. 53. 17. Weston, J. F. and Brigham, E. F. , â€Å"Management finance†, New York: Holt, Rinehart and Winton, Inc, . 1972, p. 88. 18. Hingorani, N. L. and Raman than, A. R. , â€Å"Management Accounting†, New Delhi: Sultan Chand & Sons, 1977,p. 115. 19. Srivastava, R. M. , â€Å"Financial Management†, Meerut India: Pragati Prakasjan, 1979, p. 476. 20. Westiwick, C. A. , â€Å"Management: How to use ratios†, Epping Essex: Grower Press Ltd. 19 73,p. 5 21. Bogen, J. J. , Op. cit. Pp. 751-752. 22. Mohsin, M. , â€Å"Financial Planning and Control†; NewDelhi: Vikas publishing House Pvt. Ltd. , 1980, p. 174. 23.Kulshrestha, N. K. Op. cit. , 139. 24. HENDERSON, G. V. , Gurry, J. R. Trnnep Oh. , James E. Wirt. , â€Å"An Introduction to financial Management†, California: Addition-Wesley publishing company, 1984, p. 122. 25. Anthony, R. N. and Reece, J. S. , Op. , cit. , p. 198. 26. Information obtained through unstructured interviews from financial managers of the sample units though telephone. 27. Annual reports of selected cement company from 2003-04 to 2008-09 28. Kennedy, R. D. and Mcmullen, S. Y. , â€Å"Financial statements: Forms analysis and interpretation†, Illnois: Richard D. Irwin inc. 1964, p. 404. Information about this Article Peer-review ratings (from 2 reviews, where a score of 100 represents the ‘average’ level): Originality = 175. 00, importance = 162. 50, overall quality = 16 2. 50 This Article was published on 14th March, 2012 at 18:41:24 and has been viewed 2635 times. This work is licensed under a Creative Commons Attribution 2. 5 License. The full citation for this Article is: Kakkad, R. (2012). Comparative Financial statement Analysis & Innovation in Private sector Pharmaceutical Companies in India-An empirical Analysis. PHILICA. COM Article number 318.