Next PESTLE Analysis | Next Plc

Next PESTLE Analysis | Next Plc Tags:  PESTLE Analysis, PESTEL Analysis, PEST Analysis Introduction A PESTLE analysis provides and analysis of six of the key macro level factors which affect a business and the decision which it makes (Grant, 2008). This assignment will apply the relevant factors within the PESTLE framework to the international clothing retailer Next and its subsidiaries. Data upon which the assignment is based comes from a variety of sources including the companys annual report (Next, 2012) and released and well as information from the academic and business press. In order to give the assignment a greater level of focus, the report will be limited to an analysis of the external environment in the UK. Political There are a wide range of political factors which affect Next at present but also factors which may have an impact upon the company in the future. One key political decision which affects Next in the UK is the rate of tax levied by the government. This has the ability to affect both the bottom line of the company in the form of corporation tax but also the ability of customers to spend with next, linked to income tax. At present, levels of corporation tax in the UK have been lowered in order to attempt to stimulate economic activity (Telegraph, 2012). However, given the continuing deficit, there is no guarantee that governments in the future will maintain the rate of corporation tax at its current level. Other key political decisions consider interest rates. At present, UK interest rates stand at an all-time low of 0.5% (BoE, 2010). This may be seen as a positive factor for firms such as Next who are effectively able to borrow large amounts of money for the purposes of capital expansion at much lower rates than have been previously seen. Such borrowing may take place in the form of long term borrowings from banks and financial institutions, alternatively the company may choose to issue corporate bonds (Arnold, 2008). Other political issues relate to the governments relatively arms length approach to Europe and remaining outside of the single currency area (FT, 2012). For a UK based business such as Next that has international operations in the Euro Zone, this could be seen as negative with the prospect of foreign exchange rate risks being felt and the introduction of additional transaction costs which would be eliminated if the government decided to join the Euro Zone. From a more general perspective, the UK political system based upon parliamentary democracy may be seen as providing Next with a relatively low risk political environment in which to operate within (CIA, 2013). This may be seen as an advantage in comparison some of Nexts ventures into potentially less stable political nations such as Russia and those of the Middle East. As such, this makes the UK a relatively safe market for Next to make further long term capital investments in where the company may think twice in the case of less stable political environments. Economic A critical factor which may have an impact upon Next in the UK is the current state of the economic environment. As a business which makes use of a premium based differentiated strategy, as opposed to being a cost leader, it may be seen that swings within the economic environment have the ability to impact the fortunes of the company to a greater degree than those operating in the necessity and budget sector of the market (Johnson et al, 2008). From a purely statistical perspective, the years since 2007 have been an economic rollercoaster for the UK. Following the onset of the global financial crisis in 2007, the subsequent year saw GDP growth revert to negative figures with -1% contraction in the economy. This was followed by even worse performance in 2009 with a -4% contraction. Low levels of growth have been seen since in 2010 and 2011 with GDP growth of 1.8% and 0.8% respectively (World Bank, 2013). However, while the statistics show a slight recovery in 2010 and 2011, others within the business press (BBC News, 2012) indicate that the UK economy could continue to flat line or worse result in a double dip recession. These headline figures may seem to paint quite a negative picture for retailers such as Next which are highly reliant on the UK economy as a source of revenue. However, an analysis of more detailed economic data may highlight a different perspective. Tutt (2012) presents data which looks at the level of unemployment and household disposable incomes in the UK. In this case an alarming pattern is seen. On the one hand, levels of unemployment have been increasing in recent years with a rise from 0.86m in 2007 to 1.53m in 2011. However, conversely, the levels of disposable income of individual households during the period has consistently risen from  £14,308 per household in 2007 to  £16,042 per household in 2011 (Tutt, 2012). For Next and other premium end retailers this may have a key impact upon strategy. While there may be few customers able to by the products and services of Next due to rising unemployment, those who have remained in employment have generally become wealthier. As a result it is likely that such economic patterns may help Next to improve its average spend per customer, even if the total number of customers falls. Social-Cultural There are many social and cultural changes taking place in the UK at present which may have a high level of impact upon the performance of fashion retailers such as Next. In many cases, as representatives of an essentially socio-cultural industry, the fashion industry itself may be seen as an industry which is affected by such trends to a greater degree than other industries (Curtis et al, 2007). One of the key issues in the UK market, but also seen across Nexts wider European markets is the general aging of the population (Parliament UK, 2012). This may be seen as both problematic but also an opportunity for Next. One the one hand, an ageing population may see Next having to adapt its product portfolio in an attempt to ensure that the products supplied by company appeal to this aging demographic of the population. In addition, the prospect of an aging population may also see that competition for the increasingly smaller younger demographics of the market becomes more intense for Next as time progresses. Despite these drawbacks, there are also advantages linked to the issue. On consideration is that ageing populations tend to be less mobile than younger demographics, this may be a key advantage for Next given that its home delivery and online business model offer a convenient solution to the problem. Other socio-cultural factors include the consideration that the UK has since World War Two become an increasingly culturally diverse nation with an influx of diverse cultures, races and ethnicities all contributing towards the socio-cultural backdrop of the UK social system (Shepherd, 2010). For Next, this has not only external implications such as those linked to aligning product ranges to specific cultural segments, in attrition, the company musty also ensure that it deals with issues such as managing diversity in the context of its own organisation. In this case, increased cultural diversity can be seen as both a source of a competitive advantage yet also a potential source of conflict (Liff, 1997, Ivancevich et al, 2010). As EU expansion takes place and the new member states become further integrated into the EU, there is a distinct possibility that the trends for increased diversity in the UKs labour and consumer markets will increase rather than decrease. Technological There is little doubt that new technological developments have transformed the UK business environment, especially those operating in the retail sector. Key developments may be seen as those technologies which are internet or communications based in nature, such as the wide spread diffusion of broad band (Jobber, 2007). Key technological developments such as the internet have allowed firms such as Next to develop online business models which complement traditional bricks and mortar retail establishments. Empirical evidence from the ONS (2009) on the subject shows that the growth has been almost exponential with a rapid acceptance on the behalf of customers of online shopping in both retail and other markets. Yet communications technologies have not only been used by the sector to facilitate online sales and shift away from the traditional high street place. Other aspects of new technological development have seen a range of new marketing options opened up to retailers such as Next. Most important amongst these are developments which have allowed retailers to interact with customers using online social networking sites such as Facebook, YouTube and Twitter. These are now seen as key ingredients in the development of a successful marketing strategy (Zarrella, 2010), largely the product of technological changes in the sector. Other technologies have simply allowed businesses to develop better relationships with their consumers and communicate in a more effective way. Take for instance the technological developments of smartphones and apps. Such technology has allowed companies to develop apps which allow consumers to find their nearest branch or check the facilities and product availability at a branch before making a visit. This allows an effective bridge to be built between the purely online business model such as those operated by a company like Amazon and those falling into the bricks and clicks category (McGoldrick, 2002) such as Next who must seek to leverage the benefits of both arms of the business. While technology in this section has largely been presented as an opportunity, there is of course a risk factor. Many have expressed concerns over the abandoning of the high street as consumers flock to online business models. The case is illustrated only too recently with the example of Jessops going into administration, a business which may be seen as falling victim to technological developments (Goodley, 2013). Legal Like all businesses, Next must conform to the legal minimum standards which are enforceable in a jurisdiction. The case of Nexts UK operations legal elements may be seen as more complex given that the company must comply with both UK law and EU law. Some of the key legal regulations which affect Next in the UK are considered below: Minimum wage legislation A key piece of legislation in the UK which affects organisations such as Next with a large number of low paid workers is that of various minimum wage regulations. In this case, the legislation requires UK employers to pay their employees a minimum of  £6.19 per hour for those aged over 21 (Gov UK). Given the large number of employees of firms such as Next which are affected by the National Minimum Wage, temporary shifts in legislative policy can have a high impact upon the sector. Other key legislative issues include equal opportunities legislation and various other acts of parliament designed to ensure equality both in the work place and in the recruitment and selection process (Pilbeam and Corbridge, 2010). In this case, such legislation has a direct impact upon the processes and practises of an organisation such as Next who are required not only to design corporate polices which facilitate equality but also to record activities related to recruitment and selection should an employee call foul at a later date. The issue here for businesses such as Next is that the legislative environment often places the burden of proof on the defendant rather than the claimant in such cases. As such, the development of detailed HR processes and practises is critical (Bratton and Gold, 2007). Further issues relate to potential moves on the behalf of legislators to become tougher in relation to issues of tax avoidance. While Next has to date not been implicated in any of the tax avoidance scandals, there is a consideration that the actions of other retailers such as Starbucks and Amazon (Syal, 2012) may have provoked the onset of a tougher legislative environment in the future which may have an impact upon innocent parties such as Next. Environmental The physical environment is also a key issue for firms operating in any given national market and consideration should be considered two how firms treat the physical environment and the impact this has on the business, but also the impact the physical environment generally has upon a business. In general terms, the physical environment which Next operates within in the UK may be seen as relatively benign in comparison to other parts of the world which suffer from high intensity natural disasters such as earthquakes, hurricanes and forest fires. Despite such an environment there have been a number of environmental issues recently in the UK which have affected the retail sector. These have included increasing more frequent floods (Retail Bulletin, 2013) and poor sales due to snow storms and the failure of local authorities to prepare for periods of inclement weather (Hall, 2011). Other aspects of the environmental analysis require firms to consider their own impact upon the environment. In general terms, the literature (Parsons and MacLaran, 2009) considers that consumers are becoming increasing aware of the impact of businesses upon their environment. As such, if businesses are to maintain customer loyalty and avoid negative backlashes, then they must seek to minimise their impact upon the environment. In the retail sector, this may include reducing waste, running more efficient transport operations and implementing ethical sourcing policies. While failure to comply with such consumer demands may result in a negative consumer backlash, with the adoption of the right approach, high environmental credentials can be used to add value to a product or service. Such an example is seen in the Marks and Spencer (2013) and Body Shop business models in the retail sector. Conclusion Having reviewed the key factors within the macro level environment as presented in the PESTLE framework, it is possible to come to a number of conclusions in relating the model to Next and its UK operations. On the one hand, it would appear that the external environment is a significantly challenging one for Next with the prospect of further poor economic performance and a requirement to comply with what may be seen as a relatively tough legislative environment. However, the PESTLE factors would also seem to indicate that there are some large opportunities for Next in the UK. Such opportunities include the ability to borrow at low interest rates to fund capital expansion and increased opportunities to link technological developments to changes in the social fabric of society in order to drive more sales through web based platforms. Other factors such as changing technologies and increases in diversity may be seen as neither positive or negative intrinsically but still require some ch ange on the behalf of Next. Having reached these conclusions, the final opinion of the writer is that the external environment is essentially neutral for Next at the moment and that the success of the business will be largely dependent upon whether managers of the business capitalise upon the stated opportunities or allow the challenges to see Next becoming another casualty of the death of the high street. Bibliography Arnold, G. (2008). Corporate financial management. 4th ed. Harlow: FT Prentice Hall. BBC News. (2012). UK economy in double dip recession. 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Automobile Sector Analysis: Five Forces and SWOT Automobile Sector Analysis: Five Forces and SWOT 1. Overview of the automobile sector Five forces analysis Competitive Rivalry between Existing Players: High Competition between existing automobile companies is high. Although the automobile market was dominated by the three big auto manufacturers in US, Toyota and Honda in Japan, the situation is changed. With the growing demand in emerging market, the emerging competitors in China and India may drive an intensified price competition. However, the competition could also focus on the safety, warranty and financial services etc. Threat of New Entrants: Medium Although the entrant barrier is high for the automobile industry because the requirement of capital and technology, an increasing number of automobile manufacturers are emerging in China and Asia due to the economic expansion and growing demand. However, these automakers are in the development status and may not catch up the leading technology in Japan and US, so the threat from new entrants is medium. Threats of Substitutes: Low Customers could choose to switch to transportation means other than automobile such as bicycles, buses and subways. However, the automobile is still the favourite despite the relevant high cost than other mentioned transportation means because its flexibility, comfort and convenience. Bargaining Power of Suppliers: Low In automobile industry, the component supplier has little bargaining power because the manufacturer could switch to other suppliers easily. On the other hand, the components are generally low value and the suppliers find it difficult to bargain with automakers. Bargaining Power of Customers: High The competition in the automobile industry is intense as mentioned above. So the customers have many choices on the brands and models. Customers care about the quality, price, safety, comfort, appearance of the car. Recently, customers are also more and more concerned about the environmental effect of the automobile and the energy efficiency. So the customers get more and more bargaining power in automobile industry. 2. Toyota Motor Company 2.1 Overview of the company Company profile Toyota Motor Corp. is one of the largest and leading automobiles manufacturers in the globe. It operates in three main business segments; the two biggest are automobile and financial services whereas the third one is comprised by many smaller other divisions. It is spread worldwide as it has 50 manufacturing facilities in 27 countries and regions Toyota designs, manufactures and sales passenger cars of several types and utilities, trucks, tractors and material handling equipment, minivans and other car accessories. Its products can be divided into 2 main categories, conventional and hybrid vehicles. The company sells its products under Toyota, Lexus, Hino and Daihatsu brands The company is also engaged in the financial industry as it provides financing to its customers and dealers. It is also involved in housing, marine, e-commercial, ITS and biotechnological activities. Toyota sells its vehicles in more than 170 countries and regions worldwide. Toyotas primary markets are Japan, North America, Europe and Asia. It is headquartered in Toyota City, Japan and employed around 316,121 people as on March 31, 2008 Strategy Analysis Toyotas strategy can be summarised under three key principles; growth, efficiency and stability. These are the three priorities the companys management will pursue to achieve future sustainable growth and increase the economic value. Growth will be achieved through continuous investment mainly in hybrid vehicle segment to meat the increasing demand. Efficiency is mainly focused on cost management and further reduction in order for the company to be able to provide high quality products in affordable prices and maintain its competitive advantages. Stability will be ensured by maintaining a solid financial base. Within the economic downturn it is important for Toyota to maintain sufficient liquidity in order to continue to finance its investments in research and development of new technologies, which is an integral and essential part of the companys advantages. Peer Group As Toyota operates in the global market its competitors come from all around the world. Its major competitors are BMW AG, DaimlerChrysler AG, Fiat S.p.A., Ford Motor Company, General Motors Corporation, Honda Motor Co. Ltd., PSA Peugeot, Renault S.A., Volkswagen AG and many others SWOT Analysis Strengths Weaknesses Strong overall financial performance Strong reputation and quality Strong position is Asian market Research and development Production pipeline system and cost management Diversified product portfolio Financial services are still undeveloped Huge expenses on pensions and post-retirement benefits Opportunities Threats Increasing demand for hybrid and environmental-friendly cars Expansion in emerging Asian markets Financial and other non-auto division development New car models Global economic crisis Strong competition in automotive industry Yen and US dollar exchange rates Tight environmental regulations on carbon emissions Problems with specific components of sold cars. (Recent brake problem) 2.1. Key Financials Analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Sales 207,852.40 264,120.58 202,821.01 178,294.05 173,443.60 Operating Income -4,667.52 22,809.82 18,959.84 15,919.51 15,192.39 Net Income Available to Common -4,423.79 17,259.05 13,923.62 11,629.63 10,950.45 Total Assets 292,725.95 324,979.61 275,051.76 242,604.35 227,515.08 Total Liabilities 185,398.39 199,132.47 169,488.89 148,104.55 138,230.49 Common Equity 101,865.07 119,249.79 100,242.15 89,502.94 84,563.86 Net Cash Flow Operating Activities 14,724.7 26,357.6 27,783.5 22,136.2 22,144.6 * IMPORTANT First year to report losses * Stable increase in sales Decline in 2009 greatly affects income * Severe decrease in cash flow from operating activities, nearly 50% * Very big difference between sales and operating income points out severe cost expenses for the company. As this differences is constantly increasing it is not far from the truth to say that Toyota is gradually loosing its competitive advantages in cost efficiency against its competitors. * General trend in key financial s shows a steady and permanent increase until 2008 and a sharp decline in 2009, due to severe problems of economic recession and its great impact on automobiles industry. This trend applies for almost all financial s, pointing out that the companys performance as a whole followed a movement like this. 2.3. Multiples analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Price To Earnings -22.43 9.19 14.74 15.25 11.23 Price To Book 0.97 1.32 2.04 1.97 1.44 Price To Cash Flow 7.41 4.83 7.83 7.80 5.87 Price To Sales 0.5 0.7 0.8 1.0 0.7 * Multiples follow companys general trend, namely increase until 2007 and then decreasing sharply * Consistent with overall picture of company, multiple analysis show the economic downturn of the entity from 2007 onwards * Point to mention: negative P/E ratio. Markets expectation about company looks really slim. The economic crisis, alongside with its severe problems generating income and its recently damaged reputation, create really unfortunate future prospects for Toyota. The negative P/E ratio and specifically its magnitude (-22) implies that nobody is neither willing to pay to buy the companys share nor expecting any profit generation. * Very sharp decline as well; 31.62 units is something extremely noticeable. If we focus on decline itself, it shows an extremely quick unfavorable turn of the market towards the company. 2.4. Companys performance 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Profitability Return on Equity -3.98 14.49 14.68 14.00 13.60 Operating Profit Margin -2.25 8.64 9.35 8.93 8.76 Asset Utilization Total Assets Turnover 0.71 0.81 0.74 0.73 0.76 Net Sales % Working Capital 28.93 180.70 1412.62 29.78 15.30 Gearing EBITDA / Interest Expense 20.94 86.19 77.33 153.70 146.20 Long Term Debt/ Common Equit 62.63 50.40 52.92 53.41 55.44 Valuation Investment Earnings Per Share -1.41 5.43 4.34 3.57 3.32 Dividend Yield Close 3.21 2.82 1.59 1.40 1.63 Liquidity Quick Ratio 0.81 0.77 0.76 0.81 0.87 Current Ratio 1.07 1.01 1.00 1.07 1.15 * Negative profitability in 2009 * Fluctuating sales/working capital as a result of fluctuation if investments (working capital) * Gearing increase in 2009 at the same time with high decrease of interest cover * Stable and quite low liquidity 2.5. Cash Flow analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Cash Flow Operating Activities 14,724.7 26,357.6 27,783.5 22,136.2 22,144.6 Cash Flow Investing Activities (12,265.3) (34,254.0) (32,727.4) (29,704.4) (28,591.6) Cash Flow Financing Activities 6,967.4 6,242.7 7,565.6 7,716.8 3,917.0 Effect of exchange rates -1,294.04 -749.27 218.18 604.94 232.09 Net Cash Flow 8,132.86 -2,402.99 2,839.91 753.58 -2,297.85 * Severe decrease in cash flow from operating activities, nearly 50% which vividly affects its operating income * Extreme decrease in investing activities around 70%, probably caused by cash shortage and policy change. The company issued a new project with main goal to improve profits and cover operating expenses and as a result we see a large negative impact in new investments. * Financing activities exhibit a stationary trend over the past few years indicating the stable financial policy of the entity. * Adverse effects of exchange rates during the last two years indicating the risk the company runs because of the Yens depreciation to the U.S dollar and the Euro. 2.6. Stock Performance The companys share performance seems to move according to the index, with the trend to over perform it constantly. We can see the decline of the shares price, which started right before the end of 2008, following the global economic recession. At the turning point, which is in the beginning of 2009, we observe a relatively high trading volume, probably indicating the forthcoming upward movement. It is also really significant to point out the extreme high trading volume observed during the first months of 2010, followed by a new decline of the shares price. This reflects the problems that Toyota is facing nowadays. There is a considerable lack of trust from the market towards the company which is mainly caused by its severely damaged reputation and loss of quality. 3. Ford Motor Company 3.1 Overview of the company A . Company profile The group operates in two segments: Automotive and Financial Services. For the automotive segment which consists of Ford, Lincoln, Mercury and Volvo has a main operating activity in manufacturing, sale and service of component for cars and trucks. The Financial services segment is included of financing, insurance and leasing regarding to cars, trucks, industrial equipment, construction equipment and other activities. The company has operation in North America, South America, Europe, Africa and Asia- Pacific. B. Strategy Analysis  · One Ford The Company has initiated the new strategy called â€Å"One Ford† which has detail as follow: o ONE TEAM focuses the significant of team work in order to reach the automotive leadership. The measurement is satisfactory of business partners, employees, investors, and related companies. o ONE PLAN: The four-step plan has been established which composed of: balance between cost structure and revenue; develop new product follow customer preference; develop balance sheet status and finance the plan; and cooperation around the world to leverage companys resources. o ONE GOAL: That is â€Å"to create an exciting and viable company with profitable growth for all†. Ford has started the restructuring business process before the economic crisis which the Company has reduced the excess capacity, closed some unprofitable plants and lower excess workforce. In addition, Ford has improved the product line in term of higher quality, more safety, use less energy and more economic. * Affordable Fuel Economy: Focusing on deliver fuel efficiency engine to the market. For example, the 2010 Ford Fusion is now Americas most fuel efficient midsize sedan for both the hybrid and conventional gasoline models. * Electrification strategy: plan to bring pure batteryelectric vehicles, next-generation hybrids and a plug-in hybrid to market quickly and more affordably over the next four years. * Safety leadership: Ford got totaling 16 models picked from the Insurance Institute for Highway Safety which more than other brands. * EcoBoostâ„ ¢ Engine: delivers significant gains in fuel economy along with a great performance drive feel. C. Peer Group Fords peer group is Daimler AG, Fiat Spa ¸ Honda Motor Company Limited, Motors Liquidation Company, Nissan Motor Company Limited, Toyota Motor Corp and Volkswagen AG. D. Fords SWOT Analysis Strengths Weaknesses l Wide geographic Operate throughout the world and has a strong market in North America, Europe and Asia. Sales of each region of 2008 are 49%, 39% and 12% respectively. The well diversified market of ford reduces the risk of economic problem in specific area. l Brand royalty Ford has renowned reputation about quality and also owns other renowned brands such as Lincoln, Mercury and Volvo. l Quality car Ford owns totaling 16 models of car that rated as safety car by the Insurance Institute for Highway Safety l Product Recall Experienced many recalled products due to the quality of defective cruise control switch which may cause fire. Even though there is no fire cases reported but the Companys reputation is negative affected. l Negative operating result l Low gross margin GSKs long-term debt increased by 115.5% in 2008, which may lead to problems such as heavy interest payment, risk of having too little working capital and even increasing possibilities of bankruptcy. l Too much long-term debt This may lead to problems such as heavy interest payment, risk of having too little working capital and even increasing possibilities of bankruptcy. Opportunities Threats l Expanding market in emerging market Ford has a plan to expand its sale in the emerging market which has great buying power in the future. l Eco-friendly engine Ford has high reputation in the eco-friendly engine such as hybrid engine which has very promising market. l Fuel efficiency Ford found another opportunity in the market for fuel-efficient in small and middle car. l High competition Due to new competitor, lower demand and excess capacity. l Economic crisis Economic crisis and regression in USA where is the main market of Ford caused severe effect to the Company. 3.2. Key Financial Analysis Source: ThomsonFinancial Scaling Factor : 1,000,000 USD Currency: USD 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Net Sales or Revenues 146,277.00 172,455.00 160,123.00 177,089.00 171,652.00 Operating Income 3,518.00 8,031.00 -8,167.00 7,010.00 10,681.00 Earnings Before Interest And Taxes (EBIT) -4,885.00 6,792.00 -6,689.00 9,354.00 11,669.00 Interest Expense On Debt 9,682.00 10,927.00 8,783.00 7,643.00 7,071.00 Net Income Available to Common -14,681.00 -2,764.00 -12,615.00 2,441.00 3,634.00 Total Assets 215,773.00 276,459.00 275,337.00 264,891.00 294,447.00 ST Debt Current Portion of LT Debt 63,972.00 61,052.00 62,456.00 59,904.00 66,433.00 Long Term Debt 90,716.00 107,478.00 109,593.00 94,428.00 106,540.00 Total Liabilities 231,889.00 269,410.00 277,643.00 250,812.00 277,525.00 Common Equity -17,311.00 5,628.00 -3,465.00 12,957.00 16,045.00  · Net sales decreased from 2007 about 15% as the economic crisis in the State which is the main market of Ford. The Company has had substantial losses from operation since 2006.  · Ford has high outstanding of long-term loan which may causes liquidity deficiency or bankruptcy if the Company still has continuously loss in the future.  · As a result of net losses from operation since 2006, Ford has had negative shareholders equity since then. 3.3. Multiples Analysis MONTHLY HISTORICAL MARKET PRICES Y2008 Y2007 Y2006 Y2005 Y2004 January 6.64 8.13 8.58 13.17 14.54 February 6.53 7.91 7.97 12.65 13.75 March 5.72 7.89 7.96 11.33 13.57 April 8.26 8.04 6.95 9.11 15.36 May 6.80 8.34 7.16 9.98 14.85 June 4.81 9.42 6.93 10.24 15.65 July 4.80 8.51 6.67 10.74 14.72 August 4.46 7.81 8.37 9.97 14.11 September 5.20 8.49 8.09 9.86 14.05 October 2.19 8.87 8.28 8.32 13.03 November 2.69 7.51 8.13 8.13 14.18 December 2.29 6.73 7.51 7.72 14.64 . 5 Year 5 Year VALUATION Y2008 Y2007 Y2006 Y2005 Y2004 Y2003 Growth Rate Average P/E Ratio (High) -1.36 -6.93 -1.41 12.94 9.63 34.66 -1.04 2.57 P/E Ratio (Low) -0.16 -4.75 -0.90 6.64 7.01 13.16 -1.01 P/E Ratio (Close) -0.35 -4.81 -1.12 6.77 8.13 32.00 -1.01 1.73 Price/Sales 0.04 0.08 0.09 0.09 0.18 0.18 -0.80 0.10 Price/Book Value -0.32 2.62 -4.14 1.14 1.74 2.62 -3.94 0.21 Price/Cash Flow 0.44 1.24 1.76 0.70 1.11 1.35 -0.67 1.05 Price/Working Capital 0.00 0.00 0.00 0.00 0.00 0.00 -0.16 7.78 TARenderChart.png * P/E ratio turned to be negative since net losses from operation since 2006 and also the market price has continuously decreased from 8.58 in the beginning of 2006 to 2.29 at the end of 2008. * P/B ratio had negative value in 2008 from the negative book value of Ford. 3.4. Companys performance Worldscope Currency: USD PROFITABILITY RATIOS 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Return On Invested Capital 0.25 1.92 1.95 2.95 3.32 Operating Profit Margin 2.43 2.94 3.12 5.02 6.54 ASSETS UTILIZATION RATIOS Asset Turnover 0.63 0.60 0.59 0.59 0.58 Net Sales Pct Working Capital 10.62 6.21 5.68 11.06 41.64 LEVERAGE RATIOS EBITDA / Interest Expense -0.50 0.62 -0.76 1.22 1.65 LT Debt Pct Common Equity -76.88 233.49 316.38 1,268.12 1,229.66 LIQUIDITY RATIOS Quick Ratio 1.05 1.08 1.12 1.08 1.03 Current Ratio 1.21 1.25 1.30 1.25 1.19  · Profitability ratios do not show the good performance as Ford has had net loss from operation since 2006.  · Leverage ratios also go in the same trends as a result of negative equity and high outstanding balance of long-term loan.  · Liquidity ratios present that Ford still can generate cash to supply its working capital but if consider to the long-term debts Ford may cannot provide enough cash to support its debt payment since these ratios are still in the low range compared with its debt outstanding amount. 3.5. Cash flow analysis Source: ThomsonFinancial Scaling Factor : 1,000,000 USD Currency: USD 12/31/08 12/31/07 12/31/06 12/31/05 12/31/04 Net Cash Flow From Operating Activities -179.00 17,074.00 9,609.00 21,674.00 22,591.00 Net Cash Flow From Investing Activities 3,143.00 6,457.00 24,862.00 -7,462.00 8,567.00 Long Term Borrowings 42,163.00 33,113.00 58,258.00 24,559.00 22,223.00 Inc(Dec) In ST Borrowings -5,120.00 919.00 -5,825.00 -8,591.00 4,937.00 Reduction In Long Term Debt 46,299.00 39,431.00 36,601.00 36,080.00 36,021.00 Net Cash Flow From Financing Activities -9,104.00 -5,242.00 15,273.00 -20,651.00 -14,226.00  · The Company cannot generated sufficient cash from operation and had negative net cash flow from operation. Moreover the Company had to pay interest expenses for loans and had high net cash paid for financing activity. 3.6. Stock market performance  · Ford shares have been traded lower than SP500 since 2001 until 2010. Especially since 2006 that the operating results had continuous substantial losses. 4. Honda Motor Company Limited 4.1. Introduction Honda Motor is one of leading automobile manufacturers in the world. The company develops, manufactures and markets automobiles, motorcycles and power products. The company also provides financing services to the dealer and customer for the sale of products. Honda has global operations in areas including North, South and Central America, Asia, Middle East, and Europe with its headquarter at Tokyo in Japan. Strategy analysis Honda Motor has three strategies. They are â€Å"Staying Close to Customers†, â€Å"glocalization† and â€Å"five region strategy†. Staying close to customers mean the maintenance of the qualities of a small company, Provide value product with flexibility and efficiency as a small company does and maintain global reach and technology advantage as a large company does is the drive to the future growth of Honda. Glocalization means the effort to launch subsidiaries in regions that could best meet the demand of local customers and expand the subsidiaries as the local demand increases. Five region strategy requires the operations focus on five areas the world. They are North America, South America, Europe/Middle East/Africa, Asia/Oceania and Japan. The management decisions are served to suit the situation in different areas. The advanced RD capacity equips the Honda to provide flexible products to adjust the need of these regions. Business activities The company operates through four business segments: the automobile business, motorcycle business, financial services, and power products. The automobiles business division manufactures passenger cars, multi-wagons, minivans, port utility vehicle, sports coupe and mini vehicles. Hondas automobiles use gasoline engines of three, four or six-cylinder, diesel engines and gasoline-electric hybrid systems. Honda also offers alternative fuel-powered vehicles such as natural gas, ethanol, and fuel cell vehicles. In 2008, the company sold 3,925,000 units of automobiles. The motorcycle business produces a range of motorcycles, including scooters, electric-motor-assisted bicycles, sports bikes and large touring cycles. Hondas motorcycles use gasoline engines developed by Honda that are air or water cooled, two or four cycled, and single, two, four or six cylinder. In 2008, the company sold a total of 9,320,000 units of motorcycles. Honda offers a variety of financial services to its customers and dealers through its widespread finance subsidiaries. Hondas power products manufactures a variety of power products including power tillers, portable generators, general purpose engines, grass cutters, outboard engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors (riding lawn mowers). Honda also manufactures the major components and parts used in its products, including engines, frames and transmissions. Peer Group The globalization of the Honda motor makes it face the global intense competition. The competitors include Ford Motor, Nissan Motor, Toyota Motor, Volkswagen etc.(in the automobile sector) and Yamaha Motor, Harley-Davidson etc.(in the motor vehicle industry). SWOT Analysis Strengths Weaknesses l Global diversification The company operates a total of 397 subsidiaries, and 104 affiliates all over the world. l Leading market position and good brand image Honda is one of the largest vehicle and motorcycle manufacturers over the world with strong brand strength. l Strong Research and Development capacity The large investment in RD could equip Honda the capability to differentiate itself in the intense competitive market. l Declining Market Share in Sector Evident of decline in unit sales and lost of market shares in the automobile industry. l Low employee productivity Honda has a weak proportion on the number of employees and the revenues. Opportunities Threats l Growing demand in Asian market Honda has taken measures to occupy the huge potential Asian market. l Growing demand in hybrid electric vehicles The companys emphasis on hybrid technology innovation will capture market trends as an opportunity to enhance its market share. l Global competition The competition would result in price pressure and thus reduce the profitability. l Tightening emission regulations The emission standards will cause Honda to occur more costs in product development, testing and manufacturing process design. 4.2. Key Financials Analysis Source: ThomsonFinancial Currency: JPY Scaling Factor : 1000000 JPY 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Sales 10,011,241.00 12,002,834.00 11,087,140.00 9,907,996.00 8,650,105.00 Operating Income 189,643.00 953,109.00 851,879.00 730,889.00 630,920.00 Net Income Available to Common 137,005.00 600,039.00 592,322.00 597,033.00 486,197.00 Total Assets 11,579,494.00 12,439,610.00 11,964,917.00 10,533,995.00 9,187,808.00 Total Liabilities 7,449,150.00 7,753,539.00 7,359,399.00 6,320,785.00 5,828,513.00 Common Equity 4,007,288.00 4,544,265.00 4,482,611.00 4,125,750.00 3,289,294.00 Net Cash Flow Operating Activities 383641 1126918 904525 576557 746624 l The operating income reduces dramatically, approximately 80% from the previous years result. This result is caused by the severe decline in the sales and the consequently increase in inventory cost. l Before 2009, all the s are in a healthy and steady upward trend. But in the fiscal year ended at 31st march 2009, the volumes all experienced a dramatic decline. They are caused by the sales plunge. l The declines trends are due to the economic recession caused by the financial crisis because the demand in Japan, US and Europe shrank. The automobile industry faces a severe challenge and most companies in the sector reported unsatisfactory results. 4.3. Multiple analysis 31/3/2009 31/3/2008 31/3/2007 31/3/2006 31/3/2005 Price To Earnings 30.7 8.6 10.3 Price To Book 1.0 1.1 1.6 1.5 Price To Cash Flow 4.6 4.2 6.8 Price To Sales 0.4 0.4 0.7 0.7 0.6 l Although the P/E ratio increases significantly, its not a good sign. The increase in P/E ratio is not due to the high expectation of the investors and the fundamentals such as growth opportunities. Instead, the soaring P/E is the result of the plummeting earnings to common shareholders. l The price to book ratio and price to sales declined in 2008 and 2009, indicating the declining

Anne Hutchinson :: essays research papers fc

ANNE HUTCHINSON Anne Hutchinson made the journey to the New World to break away from the Church of England. Anne wanted to feel free to express her increasingly Puritan views. Upon expressing these views, the government of Massachusetts believed that Anne was a great threat to the social and political order of Massachusetts Bay. Anne Hutchinson had claimed that a holy life was no sure sign of salvation and that the truly saved need not bother to obey the law of either God or man (Cohen, 47). Anne was basically telling the people that if they were already chosen by God to go to heaven, it did not matter whether they attended church because they were already chosen to go to heaven. Her claim also meant that if they were not chosen by God to go to heaven, it did not matter if they went to church because they were already chosen to go to hell. This also meant that they didn’t have to listen to the law of man. This was a great threat towards the government of Massachusetts. If all peoples were to live by what Anne claimed, there would not be any law-abiding citizens. The whole state would turn into a state of corruption. The government of Massachusetts was not going to let this happen. It was the very life of the colony that they should have conformity. They had to protect the unity of the colony. The government felt that Anne challenged all male supremacy. Women like Anne Hutchinson, strong-willed and very talkative, were unheard of during this time period, and had no real place in society. The role of a woman during the colonization period of the New World was basically that of a housewife. The chief duty as a wife was to her husband and children. Gathering a select group at her home, she would review and even reinterpret the ministers’ sermons in the light of her own brand of Calvinism (Bailey, 45). She taught them that every person could ask and receive an answer from God if they would listen. If Anne would continue to express her thoughts amongst other women, all women would become a challenge to all male supremacy. The government of Massachusetts was forbidding letting this happen to their society.

Ict in Supermarkets

IT in the Supermarket Information systems are used widely in shops and in the distribution of goods and one area in which their use is particularly important is supermarkets. Computer systems are used in a variety of ways in the modern, large supermarket, from stock control to maintaining temperatures in fridges and freezers. In this section we will look in more detail at these systems in one particular large supermarket, which is part of a national chain. The supermarket uses several computers which are located in a room known as the system office and form the upermarkets own Local Area Network. These computers are used to control the stock and are connected to the checkouts. These are the ‘branch computers'. The computers are multifunctional, and each can access the data, which gives the management a number of access points. Admin and stock control staff now have access to hand held computers, SEC (Shelf Edge Computers). These are used for price changes, creating stock pictur es (information on stock totals) and for forecasting deliveries. Like many companies, they have experimented with giving customers hand held scanners to enter their own shopping.The experiment has been discontinued due to huge stock losses, staff called them ‘Shop and Rob’ rather than ‘Shop and Go’. The company is currently looking at developing a better system to get round these problems. Each product to be sold must have an identifying code number which is different from that of every other product. Different sizes of the same product even need different code numbers. These code numbers are printed onto the labels or packaging of the product in the form of bar codes. Located at each checkout is an ELECTRONIC POINT OF SALE ( EPOS ) till. ThisEPOS till comprises a keyboard, a digital display, a scanner which reads bar codes, a set of scales, a printer, a credit / debit card reader and a till drawer. Each till also has its own base to which all of the above is attached. It is the base unit which is connected by cables to the branch computer in the supermarket's system office. Bar codes are made up of a set of black lines and white spaces. Look at the bar code. You can see that it is split into two halves, and each half is contained within two thin black stripes. The diagram shows the pattern of lines for each digit on the bar code.Notice that the pattern for a digit on the right hand half of a bar code is the opposite of the one on the left hand half. Many bar codes today use the European Article Number or EAN. This is a thirteen digit number which can be used to uniquely identify a product. Using the bar code shown as an example : a) The first 2 digits represent the country from which the company producing the product comes. 50 – U. K. b) The next five digits represent the company which produced the product. 00208 – Lyons Tetley Ltd. c) The following five digits represent the product. 02100 – 80 Tea bags. ) The la st number is a check digit. This is used to make sure the bar code has been read correctly. So 5000208021000 is the EAN for a box of 80 Tetley tea bags. The bar codes on products are read by the EPOS tills at the checkouts. This is achieved by using a scanner, which sends out infra-red laser beams via a set of mirrors, enabling the bar code to be read at most angles. When an item is passed over the scanner, the black and white parts of the code are detected by the laser, as the black parts reflect very little light whilst the white parts reflect most of the light.This is converted into electrical pulses which are sent along the cables to the branch computer. The branch computer then searches its stock file for the product matching the EAN number. When this record is located the price and description of the product is extracted and sent back to the EPOS till at the checkout which then shows this item and price on the digital display, prints them on a receipt and adds the price to the total. At the same time, the branch computer records that one of this item has been sold. We will look at how this is used for stock control on other pages.When a bar code has been correctly scanned, the scanner emits a bleep. If no such sound is made, the item can be passed over the scanner again until it has been correctly read. The keyboard is used to enter codes of products that will not scan, for example reduced price items. The scales at the EPOS till are also linked up to the branch computer. All loose fruit and vegetables are weighed at the checkout. Each product has a code number which, when typed in at the keyboard, gives the customer a description of the product on the receipt along with the weight and price of the purchase.The weight of the product is also deducted from the stock file. As well as printing an itemised receipt, the printer attached to the EPOS till can also print the name of the supermarket, the date and the amount owing on cheques and debit / credit card vouchers. This lessens the chance of mistakes as well as minimising the amount of time a customer has to spend at the checkout. Not every customer pays by cash or cheque though. Many now opt to pay by a debit card such as Switch or Delta. In these cases the customer’s card is swiped through the card reader which reads the information ( such as the account umber and date of expiry ) held on the magnetic strip on the back of the card. The latest in store development has been the arrival of smart card readers at the EPOS. A debit card with a smart chip is placed in the reader and the customer then enters their PIN to authorise the money being taken out of their account. This is much more secure than signing a docket as it cannot be forged. This information is then added to the details of how much the customer has spent and, after checking that sufficient funds are present, used to transfer this amount from the customer’s bank account to that of the supermarket’s.T his process is called ELECTRONIC FUNDS TRANSFER and works even if the supermarket's bank is different from that of the customer. PRICING The price of a product, as we have seen, is sent to the EPOS terminal when the product’s bar code is read. In the past, every single item had a price sticker attached and when a price change was required, new labels had to be placed over the old ones. This was a time consuming task, as every single item on the shelves of the product requiring the price change required a new label. Mistakes were sometimes made and customers over or undercharged. Nowadays there are no price labels ttached to products, neither does the packaging of the product show the price. The only reference to the price of a product is contained on a label attached to the shelf where that product is situated. These shelf labels are produced by the branch computer and are printed out in different sizes according to the size of the shelf display for a particular product. Tech nology. As bar codes are scanned, the branch computer looks for items which are on special offer and discounts the prices where necessary. STOCK CONTROL There are, in fact, six branch computers linked to the EPOS terminals at the checkouts.They all record information about items sold and provide backup for each other. If only one computer was used and it broke down, the supermarket could not function. These branch computers are linked via the satellite links to a large main computer housed at the supermarket's head office elsewhere in the country. All branches of this supermarket are also linked in this way to the main computer and this is an example o an extranet. Special offers such as Multibuy – â€Å"Buy two and get one free† or LinkSave – â€Å"Buy one product and save 50% on another† could not be offered before the introduction of InformationAfter the supermarket has closed at the end of the day, the following happens : 1) The branch computer sends the details of every individual sale to the main computer at the Head Office. 2) Using this information, the main computer system updates its record of the number in stock of every item in the store. The SEC allows managers to get a real time stock picture and allows a manager to escalate stock deliveries from nothing to 72 hours to 48 hours. It also gives a better picture of stock losses and improves the service the shop can give its customers 3) Using a forecast of sales along with other factors ( uch as the weather and the time of the year etc. ) the system automatically orders the correct amount of stock required by the store for the next available delivery 48 or 72 hours ahead. 4) The main computer also transmits these orders to computers in the distribution centres (large warehouses storing products ready for delivery to stores ) across the satellite link. 5) These distribution centres then deliver the required stock to the stores immediately. 6) Price changes and prices of ne w products, special offers etc. are sent back to branch computer in the supermarket. ) New shelf labels are printed and the night staff of the supermarket place these on the shelves ready for the following day. The company also uses computers for staff recruitment. New applicants can fill in an application form over the Internet and have it vetted by the Head Office. This saves time at branch level and serves to get rid of some applicants. If an applicant fills in a form at the branch, this can be scanned in and then uploaded to the Head office. JUST IN TIME v STANDARD METHOD OF STOCK CONTROL In the standard method, a shop selling cookers etc, keeps it stock in a shop and in an attached warehouse.When stock in the shop are runs low it is replenished from the warehouse. A check is kept on how much stock is in the warehouse. When the warehouse needs new stock, an order is placed with the appropriate suppliers – or with the organisation’s main warehouse – and the g oods are delivered. In addition to being used for stock control, the information from scanning is collected on the main computer at the Head Office to build up a ‘profile' or description of the way in which its customers shop. For example, the ratio of customers who use a washing powder to those who use a liquid detergent an be calculated from the sales of washing detergents in any particular store. From this sort of information, the amount of shelf space to be given to a product can be calculated. OTHER USES The stores are also big users of email. Each store is connected to each other, to every depot and to the Head Office. The email is used for area initiatives, promotional planning, quality control issues, head office bulletins, warning about shoplifters and banning letters. The ‘just-in-time’ system takes advantage of a stock information system. As products pass through the electronic points of sales (EPOS), the relevant data is sent to a atabase containing in formation about stock levels. When stock falls below a set level more is ordered. Thus only a bare minimum of necessary stock is ordered and there is no need to maintain a large, fully stocked warehouse. In some cases the system is fully automated, working out how what stock is needed and electronically processing and communicating the order. Advantages †¢ Money is saved because less warehouse space needs to be purchased and maintained. †¢ Economies can be made in regard to labour costs, i. e. fewer staff are needed. †¢ The business is more aware of and more responsive to hanges in supply and demand Disadvantages †¢ If there is disruption to the transport system, shops and businesses will quickly run out of stock. †¢ Shops can still be caught out by sudden changes in buying patterns. In such cases they often find themselves without the stock the customers are asking for. †¢ An ICT system can be costly to set up and maintain, and expertise – which may also be costly – will be needed to run it. INTERNET SHOPPING Some supermarket companies now have websites which allow you to shop over the Internet, this has allowed them access to different markets i. e. people who do not have ransport to get to the store. Businesses have recognised that the Internet allowed people to interact with each other in a different way, and it gave the potential for creating new markets and in reinvigorating old ones. Businesses began to use the Internet in different ways: †¢ As a means of communicating information about the products and services they offer; †¢ As a ‘virtual shop’, allowing customers to purchase goods and services online; †¢ As a free service which makes money by advertisers to use the site; †¢ As a subscription service, e. g. allowing subscribers access to valuable information such as might be ontained in research papers; †¢ As an interactive site that encourages customers to give them fee dback on their products. Steps in interactive shopping 1. The customer views the company’s products via a website and selects the object(s) for purchase. 2. The customer enters his order, together with credit card details, via an on-screen form. 3. An encryption system or secure link is used to protect the transaction and to ensure credit card details are not accessible. 4. The order is received and sent to a database. 5. The information in the database is communicated to a distribution centre where rders are made up. 6. The order is delivered to the customer. Advantages to the customer †¢ Customers do not have to travel long distances to the shops and struggle through crowds to make their purchases. †¢ It can be beneficial to those customers who are disabled or who, for some other reason find it difficult to travel to shops. †¢ New, smaller, more specialised businesses present themselves on he web, thus widening the range of goods and services available. Advan tages to the business †¢ Overheads can be cut. A web-based business does not necessarily need a high street shop and staff to run it.Small specialised concerns have therefore been able to establish themselves on the web with very little capital outlay. †¢ Many new businesses have been created via the Internet; some have been successful some not. The overall effect, however, has been to invigorate the business environment by introducing healthy competition. Some difficulties †¢ Despite assurances by business that their sites are secure, many people are anxious about giving out their credit card details online. There have been sufficient examples of Internet-based credit cards fraud to justify this fear. †¢ Anybody can set up an online business and some ebsites are not run in an honest and reliable manner. Customers have ordered and paid for goods that hve never arrived. †¢ Shopping is not just a functional act. It is also a social activity. People go shopping to be with their friends and enjoy the atmosphere of towns and cities. Computers are also used to control the freezers and chillers throughout the store. In the warehouse, the large freezers have to be kept within a certain temperature range. This is achieved by having temperature sensors inside each freezer which monitor the conditions and switch the cooling motor on or off.On the floor of the supermarket are many freezers and chillers which are used to store and display a wide variety of products such as fresh meat, dairy produce and frozen goods. CONTROL SYSTEMS Different products have different requirements in terms of temperature. Fresh meat, for instance, may have to be kept at 4 C whilst ice cream has to be stored at -15 C. The freezers and chillers therefore are kept at many different temperatures and, in the past, an employee of the supermarket had to check the temperature of the chiller every hour. Now every freezer and chiller is linked to a computer in the branch office .A temperature sensor in each freezer or chiller constantly MONITORS the temperature, sending data back to this computer which sends signals back, when needed, switching the individual freezer / chiller motors on or off, thus maintaining the correct temperatures. A display on each freezer / chiller shows the temperature to customers. the build up of ice but without defrosting the food. Any breakdowns are detected immediately, minimising the risk of food thawing and therefore being wasted. ADVANTAGES The advantages of using Information Technology in supermarkets can be broken down into two sections, the enefits to the customer and the benefits to the supermarket and its management. It must be remembered that changes and improvements come about over a period of time, for instance, while the introduction of Information Technology may save the supermarket chain money eventually, it requires a good deal of investment, both in terms of resources and training, initially and throughout its development. This is called a ‘closed loop control system'. As can be seen from the diagram, the freezer can be either on or off ( the PROCESS ) which leads to the freezer being a certain temperature ( the RESULT ). The temperature of the freezer s then either too high, too low or alright and this FEEDBACK is used to change the process if necessary (turns the freezer from off to on, or on to off. ) Every three or four hours, each freezer has to be defrosted and the computer controls this process as well, turning the freezer off long enough to stop To the customer * faster and more efficient checkout services. * itemised till receipts. * products more tailored to their needs. * fresher goods due to low stock levels held by supermarkets. * special offers. * benefits to the supermarket passed on in the way of lower prices or increased customer services. * various methods of payment. chilled or frozen food kept at the correct temperature. To the supermarket and its management * ef ficient stock control, less chance of goods being out of stock. * more efficient checkouts, less chance of errors by staff. * ability to use sales forecasts and ‘profiles', leading to more efficient use of shelf space. * little warehouse space required in each supermarket due to distribution system. * ability to monitor the performance of checkout staff. * shelf pricing more cost effective than labels on products. * ability to use electronic funds transfer improves cash flow. * effective management of chilled and frozen goods.

Essay On Emily Dickinson - 1348 Words

Emily Dickinson The beloved poet, Emily Dickinson lived as a recluse to become the greatest American woman poet of the 19th century. Even in such peculiar circumstances, her works remain alive as she unites people through her talent. Furthermore, her poems were not recognized until after her death, her art is now praised with its impact on society. She intrigues readers with prominent themes of life and death and its comparison to living and nonliving aspects. Dickinson’s unique background, interesting purpose of poetry in I heard a Fly buzz, and perplexed criticism makes her poems relevant with age. Dickinson’s background is quite special. Her 55-year lifespan from December 10, 1830 to May 15, 1886 consisted primarily in Amherst,†¦show more content†¦It is said that in the midst of her isolation to the world, she felt haunted and alone with her active mind which sourced her works with her way with words. In fact, Dickinson left her beloved state once for her father to Washington, D.C., as he served in Congress. There she became friends with Reverend Charles Wadsworth, rumored to have romantic relations with for the letters written amongst them, conversely his move to California with his wife left it behind. She did eventually fall in love with Otis Philips Lord, a lawyer and senior friend, being also gifted and a widower. He was vigorous and offered to marry her, but Dickinson knew her reclusions would be too much for a marriage as he soon died of a stroke. Other than these miniscule interactions, Dickinson tended to consist comfortable in the solitude of her room with the blossom of many literary works and even isolated herself during her father’s funeral. Most of her writing was produced in 1862 as they were activated by the simplest things. Through the hymn style lines, the paring of bare language, scientific observations, and distinct language of her first-person personaShow MoreRelatedEmily Dickinson Essay1254 Words   |  6 PagesEmily Dickinson Emily Dickinson was born on December 10, 1830 in the community of Amherst, Massachusetts. She was the second daughter of Edward and Emily Norcross Dickinson. Emily, her brother Austin, and her sister Lavinia were brought up and nurtured in a quiet reserved household headed by their father Edward. Throughout her life, her mother was not always around, or accessible, a fact that is said to have caused Emily’s eccentricity. They were raised in Puritanical Massachusetts,Read More Emily Dickinson Essay example1583 Words   |  7 Pages Emily Dickinson, recognized as one of the greatest American poets of the nineteenth century, was born December 10, 1830 in Amherst, Massachusetts (Benfey, 1). Dickinson’s greatness and accomplishments were not always recognized. In her time, women were not recognized as serious writers and her talents were often ignored. Only seven of her 1800 poems were ever published. Dickinson’s life was relatively simple, but behind the scenes she worked as a creative and talented poet. Her work was influencedRead MoreEssay On Emily Dickinson1034 Words   |  5 Pagespeople didn’t remember Emily Dickinson. Emily Dickinson was a talented poet who used her previously devastating personal experiences to enhance her poems. Emily Dickinson was born on December 10th, 1830 to Edward and Emily Dickinson in Amherst, Massachusetts. In the year 1833, her little sister Lavinia was born into the family. During February of 1852, A Valentine was published in the Springfield Republican. That was one of the first poems that she had written. Emily Dickinson was an amazing poetRead MoreEmily Dickinson Essay821 Words   |  4 Pagescember 2012 Emily Dickinsons original approach to poetry results in startling and thought-provoking moments in her work Give your response to the poetry of Emily Dickinson in the light of this statement. Support your points with suitable reference to her poems. Emily DIckinson is a wonderful, idiosyncratic poet, whos original and powerful poetry is marked by startling and thought-provoking moments, defining Dickinsons poetry. Dickinson describes in shocking detail, moments of utterRead MoreEssay On Emily Dickinson1419 Words   |  6 PagesEmily Dickinson â€Å"I know that He exists,† is the first line in one of Emily Dickinson’s many poems. This is poem number 338, and it is one of her most famous poems even though most people do not understand it (Faulkner 8). Emily Dickinson is a well-known poet, but it was not always like that. During her lifetime, Dickinson rarely published her poems, and it was not until later that she became famous for her work (Crumbley 1). During Emily Dickinson’s life, she was a reserved person, to the pointRead More Emily Dickinson Essay2811 Words   |  12 Pagesconclusive. Dickinson remains an enigma even today but biographical speculation allows us to analyze some of her poetry even though we may be completely inaccurate about what we presuppose. There are some facts about Emily Elizabeth Dickinson that we know for certain. She was born on December 10, 1830 and is recognized as one of Americaamp;#8217;s greatest poets. She had an older brother, William Austin Dickinson, born on April 16, 1829, and a younger sister, Lavinia Norcross Dickinson, born on FebruaryRead More Emily Dickinson and Adrienne Rich Essay2741 Words   |  11 PagesEmily Dickinson and Adrienne Rich The modernist period, stretching from the late 19th century to approximately 1960, is a very distinct phase in the progression of American literature, employing the use of novel literary techniques which stray away from the traditional literary styles observed in the time preceding the period. Modernist writers explore new styles themes, and content in their compositions, encompassing issues ranging from race (Kate Chopin) to gender (H.D.) to sexuality (JamesRead MoreEssay on Emily Dickinson and Her Poetry3197 Words   |  13 PagesEmily Dickinson and Her Poetry Emily Dickinson is one of the great visionary poets of nineteenth century America. In her lifetime, she composed more poems than most modern Americans will even read in their lifetimes. Dickinson is still praised today, and she continues to be taught in schools, read for pleasure, and studied for research and criticism. Since she stayed inside her house for most of her life, and many of her poems were not discovered until after her death, Dickinson was uninvolvedRead More The Poetry of Emily Dickinson Essay883 Words   |  4 PagesEmily Dickinson has always been one of my favorite poets. I love her poems because of the pain and sorrow they contain to which I can easily relate. She often writes of funerals and death. I myself have watched too many friends die and have wondered why God would let this happen. At every funeral, some well meaning mourner would say--,The Lord called him or Shes with Jesus now. My gut reaction was always, Bullshit. Then Emily Dickinsons poem My Life Closed Twice Before its Close would comeRead More The Life Of Emily Dickinson Essay799 Words   |  4 Pages The Life of Emily Dickinson nbsp;nbsp;nbsp;nbsp;nbsp;Although she lived a seemingly secluded life, Emily Dickinsons many encounters with death influenced many of her poems and letters. Perhaps one of the most ground breaking and inventive poets in American history, Dickinson has become as well known for her bizarre and eccentric life as for her incredible poems and letters. Numbering over 1,700, her poems highlight the many moments in a 19th century New Englander womans life, including