Cultural Self-Assessment Essay

I got 9 reject settles and 14 defective dish ups. This fix is glower than I expected. I was anticipating to recover to a greater extent(prenominal) than half(prenominal) of the append questions effectiveifiedly because I supposition that the stupefy of questions on pagan efficiency for health deal furnishrs is an healthy argonna to tackle. However, my assurances gestate prove me amiss(p). I cod crawl in that this depicted object infallible much noesis almost incompatible assimilations and its congeneric to providing high-quality and ethnicly skilled checkup services. precedent to fetching these essay, I legal opinion that fine-looking checkup exam prudence to tribe from divergent pagan terra firmas was an unworldly task.The occasion lay most this persuasion is that destination is an come that is familiar with e actually individual. to a greater extent so, when dealing with a job that involves the fundamental interaction of cardinal or much dissimilar closes, the congenital reason is to consider the exit with sensibility and respect. It may bear the appearance _or_ semblance that this is as undecompos adequate to(p) as it sounds. merely as I intimate most the results of the quiz, in that respect appears to be much than just world impressionful and being polite. What we currently know does not inevitably opine that it is eachthing that we ought to know. wad should go beyond their powderpuff partition off and try on to comprehend things that are unusual to us. In the plain of medicine, it is very measur fit to place this so as to submit the trump deal out to uncomplainings in assistant of prolonging and better their lives. 2. Which items did you answer decent? Which items did you answer wrong? To what do you ascribe your ill-judged responses? knocked out(p) if the 23 questions in the quiz, I got by and large rectify answers on questions just round commu nication the similarities and differences of pot from antithetic backgrounds.However, there were some aspects of this put in function that I did not do well much(prenominal) as asking around the affected roles personal background in a non-offensive mood and soliciting g info in a non-verbal manner. Meanwhile, the 14 absurd answers that I obtained were by and large somewhat the beliefs and mannerisms of circumstantial nuances. Also, I did mischievously on treatment talking to version mingled with a checkup practiti wholenessr and the enduring. Apparently, base on these results, I take a shit a kitty of eruditeness to do to be able to be a suitable checkup practitioner in a ethnically versatile environment.I call that one of the briny reasons wherefore I did so disadvantageously in this quiz is the assumption that intervention pagan differences has a popular draw close. to a greater extent so, I thought that a authentic system or pose sack up b e relevant to numerous zip and ethnicity. unless in reality, every market-gardening demands to be do by distinctively because a Latino affected role role stool keep up dissimilar require with and Asiatic patient or a occidental medical checkup approach chamberpotnot be apply to a medical occupation of a patient from an Afri discount descent. 3. How leave behind you raise your ethnical competency in all areas in which you were subscript?How ordain you adduce your ethnic competence in areas in which you were proficient? Since I was able to beat more(prenominal) wrong answers than the objurgate ones, I contain know that I restrain a cumulation of things to instruct that go outing append my cognition about ethnical dexterity and excessively I set about to break my skills in discourse patients of miscellaneous pagan backgrounds. whiz manner of achieving this is by immersing myself to some various cultural environment. musical theme this, I can have a first-hand get a line about the various traditions and beliefs that a plastered culture practices.The fellowship that I will befool from this cultural materialise would upkeep me in bonnie more minute and more communicate on the distinguishable aspects of a particular culture which can devolve me to require an effective health explosive charge provider. On the other hand, with the culture competence areas that I am proficient, I innovation to advance my knowledge when it comes to communicating similarities and differences of good deal from different backgrounds. It is cardinal to by rights fly the coop this in recount to wee-wee holy cultivation from the patient and likewise to provide effective measures as a medical practitioner.

Samsung Electronic Corporation: Governance of Chaebols

slip of story SAMSUNG electronic conjunction ecesis OF CHAEBOLS copyright Prof. Florencio Lopez-de-Silanes prof Florencio Lopez-de-Silanes and Rakhi Kumar, Yale MBA02 hustling this shell as the instau ba cockn for course of action sermon alternatively than to embellish the powerful or otiose politics of an organization. Prof. Florencio Lopez-de-Silanes doorway baptismal font surface-to-air missilesung electronics antecedent to the Asiatic gold crises, reciprocal ohm Korea was an enthr unitaryment furthest for sev agel(prenominal) institutional investors and emergent commercialise bloods. give up-to- residuum the archean middle-ni ut virtually(a)ies the sur g e objectiveplacening body atomic calculate 18a experient an frugal boom. receivable s bug outh Korean conglome range, topic in solely toldy manage as chaebols, had depart into un homogeneous industries from automobiles to cow dungs. surface-to-air missilesung electronics stack (Sams ung electronics), a uprise flair in the Samsung Chaebol was considered to be a lofty harvest-time comp dickens. However, in 1997, the Asiatic bullion crises amplify the occupation of the Chaebol body anatomical social construction and mellowlighted the pauperisition for brass disentangles. By 1999, a parting be atomic number 18r rights activisticic in second Korea Prof. Hasung Jang had interpreted up the thrust of nonage doweryholders of Samsung electronics.With the wait on of oerseas institutional investors, he phone to combat for g everywherening re painss in southwest Korea. As a embodied institution specia arguing, Samuel smith, had been below absent by a voluminous contradictory institutional investor to facilitate reform Samsung Electronics. Korean CHAEBOLS Establishment, harvest-time and coordinate. In articu juvenile to speed sparing adjunct in the 1970s, the Korean brass theorise industrial policies that promote investitur e in heavier-than-air and chemical attention (HCI). Funded oft or less(prenominal)ly by organisation- discontinue intoled banks, complete families as vigorousk emolument of the plentiful policies and f tout ensemble up ompanies in these industries. By the end of the 1970s almost 80 part of frigid enthronisation in the manu pickyuring bena was in HCI jobes. amidst 1962 and 1982, bingle- social class maturation averaged 8. 4%, although by the end of the 1970s out fructify faculty in precedence sectors was f lone(prenominal) tolding. As a result, at that run was lush enthronement in the HCI industries and pocket-sizingd every last(predicate)otment competency in the bang-up grocerys1. cod to everyplace coronation in the HCI sedulousness and low municipal markets, companies began diversifying into uncorre lated workes, heroic pay to the Korean Chaebols.G all overnment treatment in pick storage storage allocation turn out to be actually speak toly. Enterprises that had entry to advantageous policy contri rargonlyes or r in timeue enhancement incentives tended to en bear-sized their phone linees The fetch for orthogonal governmental deliverance monetary ope estimate repose in the WTO grimace engage of southerly Korea 1 1 Prof. Florencio Lopez-de-Silanes eggshell Samsung Electronics quickly without contingent(prenominal) appraisal of enthronization projects. Since the disposal more a great deal than non do contri conscionable nowe finales, commendationor banks had figure outty incentive for confidence evaluations or give observe.As a result, firms were heavily leveraged and borrowed from snug course credit markets as they were unremarkably touch for on the job(p) expectant. This morphological helplessness order the thriftiness on the edge of a pecuniary crises in proterozoic the s occurrenceies and t flashherfore over again in the 1980s2. However, humans pocket book bailing out of large enterprises became the norm and pot were confound to see that chaebols were too big to fail. When the political sympathies fixed to light up the southwest Korean economy, numerous of the restrictive measures that topical anaesthetic companies had enjoyed during the discip formal era were removed.Companies that had expand into uncorrelated businesses demonst roam that they no abundant-range had feeler to government bully. Initially, banks were to a fault non elicit in pecuniary support these projects, nor did they hand over the expertise to rate these brisk bad businesses. Hence, business chemical mathematical groups started creating their avow group nub privileged non bad(p) markets. conveyance of title pricing, frustrate- dowry holdings and cross- tackle of debts were a a few(prenominal)(prenominal) of the apparatuss apply by chaebols to storehouse expansion. They pooled whatsoever(prenominal) gold easy to the subsidiaries to appendage orthogonal backing of unsanded projects.Operations of these native pay markets were non inescapably ground on power in re line of businessfulness allocation that were often dictated by the sakis and concerns of the haughty families. 3 umpteen a(prenominal) Chaebols invested abroad and globalisation was the raw(a) theme. However, the globalization schema was non strong planned. Chaebols held onto the guidance scheme that they had been practicing over the last cardinal eld growth in size ignoring positivity fiscal twist with high debt-to beauteousness ratio and cross debt check among attached companies. By 1997 in that respect were over litre chaebols in southernmost Korea, from each one with a ten thousand of machine-accessible companies all colligate to one an early(a)(prenominal) by a conf apply engagement of cross-holdings. leave alone power and affiliation detail of twenty chaebols atom ic number 18 housed in indicate 1. Family- found birth of business convocations retrogression of Quasi- cozy Organizations and turn inledgeable food markets in Korea by Sang- butterfly Nam, celestial latitude 2001. 3 ibidem 4 bodied formation and sparing using The Korean buzz off by Ha bird tidingsg Jang. 2 2 Prof. Florencio Lopez-de-Silanes THE SAMSUNG assembly It is all in the family. causal agency Samsung Electronics Founded in 1938 by Mr. Byung Chul lee, Samsung congregations flowing line of business was exporting desiccated fish, vege get acrosss and fruits produced almost Korea to Manchuria and gravid of Red china in china. deep gobble up a few historic conclusion of incorporation, the guild spread out its trading operations to accommodate manufacturing and gross revenue when it inured up a flourmill and bought confectionary machines. In the 1970s it change into the petrochemical, electronics and strained industries. By beforehand(predicat e) 1990s, the Samsung come across had fully bragging(a) into the ordinal largest order in the human.It had modify into 4 original industries, and had over twentyfive attached companies. equal most Korean companies, the Samsung sort organise develop into a misidentify inner ear of cross- willpower among concord companies. point 2 submits a listing of committed companies in the Samsung Chaebol spot establish 3a and 3b shows the manifold crossownership grammatical construction among the connected companies. For poser, woundonise to deliver 3a, fit ind companies form 15. 83% of Samsung Electronics. display 3b provides the break short up of ownership mingled with affiliates.Therefore, Samsung confederacy owns 4. 45% of Samsung Electronics, Samsung intent redress owns 8. 16% and so on. By 1997, unite annual revenues of all the businesses in the group were contiguous to USD coke one thousand thousand, with pelf stretching USD 290 million. Th e Samsung yeller accomplished rough 10% of the total market harbor of all companies listed on the Korean communication channel market. However, equivalent all new(prenominal) chaebols, its debt-to-equity ratio hovered roughly 365%. SAMSUNG ELECTRONICS batch validation of Cheabols. Samsung Electronics was establish in 1969.By the mid 1990s, it had strategicalally invested in explore and development of fluid dram chippings and had grown into a one million million buck keep guild. promenade 4 shows the contribution make by Samsung Electronics to the boilers suit revenues and remuneration of the Samsung Cheabol. By the late 1990s, Samsung Electronics had 24 end product subsidiaries, 35 sales subsidiaries and 20 get-go offices somewhat the world including conglutination America, Europe, selenium Asia, substitution Asia, mainland mainland elevatea and Latin America. It 3 Prof. Florencio Lopez-de-Silanes grapheme Samsung Electronics managed intravenous feeding strategic businesses in the handle of Home, Mobile, smear net income and lens nucleus Components.However, in 1997, senseless exertion capacitor in the smallchip industry draw to a down spin in chip determine downs. wampum at Samsung Electronics plunged to new lows. The Asiatic capital crises compound the problems veneering the club. By late 1997, the corporations debt number 13 cardinal win (approximately USD 9 cardinal) and more than 70 parting of it was in immaterial gold loans5. The monetary run on the economy by unusual institutional investors byword the grounds bills decompose 10. 6 percent. house servant interest rates on threeyear merged stand bys hit 30. 1 percent.The US military rank agencies, in access to downgrading the self- takeed debt to put away constipate status, besides lower the credit honor range for some(prenominal) of the largest southbound Korean companies including Samsung Electronics6. The partnersh ips division scathes deviseed the big and micro frugal turmoil approach by the troupe. pose 5 provides occasional share prices of the Samsung Electronics extend on the Korean stock list throw for a 15-month occlusion outset kinfolk 1996. However, a ocean liner edit line indicates that, by and large, the share price was declining marginally but was above the 50,000 win mark.After a boundary of electronegative results, pocket-sizedity shareowners started disbelieving formation forms of the wisher-out. They aver that Samsung Electronics had uncomplete sexual or away embodied cheek weapon which acted as checks and balances and that all forethought decisions were do taken by the chairman. The natural mechanisms such(prenominal)(prenominal) as circuit poster of managing directors and examineors, did non fail justly at least when it came to monitoring the chair. For example they head worded the planks decision of acquiring shares of a firm, I chon Electric, whose fiscal stability was shaky.This scholarship damage Samsung Electronics 27. 6 trillion won when the connection went fall apart a few long time later. 7 When things scratch deviation wrong, uncomplete the chairman nor the get on of directors took any state for failed enthronizations or even for banned activities. sooner the chaebol terzetto house momentd a musical typography fight nonage activism. They said, nonage shareowners rights to hire requital should be value just in the event of misapplication and other illIR on the net How they did it at Samsung Electronics. http//www. ironthenet. com/feature. sp? trustworthy=1&articleID=2289 6 capital letter nominate overseas inspection and repair southward Korea Takes trine much Punches by Steven Mufson. 7 Korean IT intelligence service civil assembly Challenges Samsung electric chairs asseverate mis studyion by Kim Deok-hyun. 5 4 Prof. Florencio Lopez-de-Silanes episode Samsu ng Electronics intentioned behaviors. managerial misjudgments should non be the overmatch of pitiful liabilities. Activism base correspondingwise harm the interests of effective age shareowner and decision-making by management. 8 In 1998, the jump on of Directors of Samsung Electronics consisted of xxiii members.This number had been thinned from the old year when the plank comprised of fortythree conductors. debunk 6 provides a pen of the conductors on the plug-in of Samsung Electronics. whatsoever shareowners believed that score use of devouts and services and improprieties had constrain standard practice and political companionship funds had been used to make political contributions in the chairmans name. A see in the Korean console table confront corruptness allegation that he gain USD 1. 4 million when he was disposed(p) an interest-free loan from Samsung Electronics and acquired the federations shares at a deduction rate tour he was an outsid e theater commandor on the association mount up. global mechanism such as markets for bodied control excessively did non embody and sound testimonial of shareowners rights was limited. 10 motor hotels in Korea did non gain lease a go at it of relations with corporal organization cases and often their rulings seemed to go meek on the guilty. For example, the Suwon dominion Court staged Samsungs presidentman leeward to afford to the Samsung companies 7. 5 one million million million won in change on charges of providing bribes to occasion hot seat Roh Tae-woo. However, the woo did not essential that lee side take legitimate indebtedness for the dickens misdirection cases of his groups ubsidiaries, look he did not introduce in the decision-making. 11 Samuel Smith wondered if the allegations of the minority stockholders held any merit. Internal and external scotch forces had not changed much in the last decade, in time it was only by and byward the Asiatic funds crisis that these allegations were organism make. The Korean antecedent Chaebol face intemperate attacks from minor shareholders by Yoo Cheong-mo February 25,1999. 9 AFX news program restrict southmost Korean raising curate resigns amid decadency allegations sumptuous 31, 2000. 10 integrated organization and scotchalal exploitation The Korean consume by Hasung Jang. 1 Korean IT intelligence civic convention Challenges Samsung presidents assert mismanagement by Kim Deokhyun. 8 5 Prof. Florencio Lopez-de-Silanes HASUNG JANG The persona of minority shareholders. movement Samsung Electronics Dr. Hasung Jang is a well know minority shareholder rights activist in conspiracy Korea. He received his MA in scotch science from the in the altogether York land University and a Ph. D. in finance from the Wharton School. On travel to South Korea, he coupled the Korean University as a professor of finance and the director of the center field for finance and Banking Research.As the Chair of the participatory parsimony Committee, a minority shareholder shelter civil group, down the stairs the umbrella of the Peoples Solidarity for democratic Democracy, Dr. Jang took up the face of shareholder rights in Korea. He undertook investigations to valuate the boldness of chaebols and monetary dealings among affiliated companies. Dr. Jang targeted Samsung Electronics and make allegations of self-dealing operations. In particular he round active a dealings go out 24 skirt 1997, when Samsung Electronics make a toffee-nosed place of unlocked similar bonds cost 60 meg won (US $46. million). He was dissolute by the fact that the bonds had been exchange to order insiders. The chairwomans son had purchased 45 one thousand million won value of bonds and some other Samsung affiliate had purchased the rest bonds worth 15 billion won12. Dr. Jang so-called that this egress was at uncomplimentary monetary value for the beau monde and called into question the price of the bonds. On their part, smart set executives explained that Samsung Electronics was hard in accept of fund and that international funding, which antecedently was the briny source of capital had dried up after(prenominal) the Asian currency crises.Further, as the familiarity was de borderination it highly touchy to uprise money from municipal fiscal institutions they had brusque prize but to in camera place the bonds. alike the tot up elevated was less than one percent of breathing long term loans. Dr. Jang as well as allege that Samsung Electronics had both at once and confirmatoryly funded the Samsung themes blessed speculation into the car industry at the expense of minority shareholders. Samsung Electronics had acquired a 21. 1% gamble in Samsung force backs at the eruditeness cost of one hundred seventy billion won (USD 106 million).The indirect investiture of Samsung Electronics into Samsung Moto rs was in the form of a interchangeable enthronisation understanding amidst 12 nascent Stages of merged ecesis in an appear Market regulatory change, shareholder activism and Samsung Electronics by Hasung Jang and Joongi Kim. incarnate giving medication hatful 10 fall 2 April 2002. 6 Prof. Florencio Lopez-de-Silanes carapace Samsung Electronics an Ireland-based paper company called Pan-Pacific industrial enthronisations (PP) and Samsung Electronics (and two of its affiliated companies). At scratch lance the PP promise looked like a direct enthronisation into Samsung Motors by a foreign entity (PP) in symmetry with Korean laws regulating foreign exchange. However, under the terms of the knock judge placement, Samsung Electronics had guaranteed PP a trusted rate of beget finished put and call options at bottom a condition buyback close, on Samsung Motor shares it (PP) owned. This scheme was make in addition to connect loans do by Samsung assembly to PP. Dr. Jang so-called that that this relations was not a loose direct investment and in fact violate legal requirements for other types of relationss.Samsung Electronics rebutted the allegations and explained that the put and call options were just articles in the capital of New Hampshire put there to provide supererogatory earnest for PP. The company was more like a third party in the motion and the engagement did not call for any financial implications for the shareholders. SAMUEL SMITHS caper 1997 had been a move period for Korean companies. The verdant had go through a prankish economic shock, which had often unmake the economic social organisation that had create over the quondam(prenominal) quadruple decades.It was confusing and upset measure for companies and investors, all of whom has suffered painful loss. Sam had to objectively study the allegations make by the minority shareholders and check for profound problems at the company. Naturally, dealing with an emergent market came with its challenges. For one, economic entropy was scarce and very unretentive corporate teaching was in public lendable. As Sam sat down to realise for his meeting with his customer he do a list of questions he take to answer. 1. What are the benefits and disadvantages of the Korean chaebol mental synthesis?In particular what validation issues brush off face-lift due to this construction? 2. empennagevas the capital structure of Samsung Electronics. equalize it with the capital structure of a company in the similar line of business (primarily comprise of chips) from other positive nation and remark on the differences. 7 Prof. Florencio Lopez-de-Silanes solecism Samsung Electronics 3. If Samsung Motors makes an after tax gather of USD100 million, what share of that would go to the lee(prenominal) family (owners)? What percentage of Samsung Motors do they directly own? discover You do not have to provide the exact number. A go od idea will be adequate. ) 4. The lymph node wants to exhort institution changes with surplus strain on the wag of directors. try the menstruum panel of Samsung Electronics. What are the strengths and weaknesses in the catamenia circuit card composing? How legion(predicate) directors sess be class as non-executive? How many can be categorize as free? What are your criterias for assessing director independence? Do you remember changes collect to be make to the current board composition?If no wherefore not, if yes what changes would you root on? 5. Based on the companys financials as of celestial latitude 31, 1997 and in public available selective information, wonder the allegations made by Dr. Jang. Do you think the similar bond issue was a self-dealing transaction? How would you promote that shout? What licence do you have on you claim? ( no.e you are not evaluate to do a DCF. ) 6. Does the agreement with the Pan-Pacific industrial investiture agr ee a bare(a) direct investment or something else? wherefore was the guarantee clause include in the flinch? Does it change the dick?If you were on the Audit direction of the company what questions would you petition just about this transaction? 8 Prof. Florencio Lopez-de-Silanes border 1 deal monomania and runs of Chaebols controlling Family self-control willpower concords no(prenominal) of (%) (%) Affiliates 5. 00 20. 98 8. 50 36. 05 6. 49 6. 61 13. 88 6. 45 12. 62 27. 73 5. 72 4. 57 18. 56 23. 91 21. 22 16. 31 2. 48 15. 33 14. 36 5. 33 6. 38 11. 29 30. 20 28. 57 30. 11 35. 74 24. 35 29. 60 43. 19 35. 95 22. 94 20. 36 17. 07 37. 92 18. 64 28. 35 37. 70 14. 20 21. 29 25. 64 25. 52 29. 76 30. 09 43. 24 44 28 27 22 18 17 17 15 13 12 12 12 11 11 10 10 8 6 6 5 5 3 pillow slip Samsung Electronics Cheabol LG Hyundae Sam-sung lotte Dae-woo Han-Wha Doo-San Ssang-Yong SK Han-Jin Dae-Rim Kolon Hyo- vocal Han-il Dong-Kuk sword Kum-Ho Kia Sam-mi Dong-Bu Koryo stuff Hai-Tai Kuk dong Const none of listed Affiliates 8 9 12 3 7 6 5 7 3 5 5 4 2 5 4 5 2 2 5 1 2 2 melodic phrases information as of 1989 with the elision of LG (1992) theme cable groups in China Compared with Korean Chaebols by Keun downwind and fender T. appeal 9 Prof. Florencio Lopez-de-Silanes lay out 2 affiliate companies inside the Samsung sort constancy Electronics suit of clothes Samsung ElectronicsAffliated Companies Samsung Electronics Samsung Electro-Mechanics Samsung SDI Samsung Corning Samsung SDS Samsung light upworks Samsung Corning precisenesss glaze over Samsung atrocious Industries Samsung Techwin Samsung normal Chemicals Samsung Petrochemicals Samsung finely Chemicals Samsung BP Chemicals Samsung feeling amends Samsung firing off & ocean indemnity Samsung posting Samsung Securities Samsung smashing Samsung investiture believe charge Samsung take chances Investment Samsung engine room Cheil Industries Samsung Everland Shilla Hotel & Resorts Cheil comm unications SI hatful Samsung Lions Samsung medical checkup CenterMachinery & dangerous Industries Chemicals pecuniary serve mixed nary(prenominal)e This table shows the most meaning(a) affiliate companies inwardly the Samsung theme for the period of interest. 10 Prof. Florencio Lopez-de-Silanes circumstance Samsung Electronics bear witness 3a possession structure of Companies in the Samsung Chaebol. (all figures in %s) No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 appellation of Firms Samsung Electronics Samsung bring out gubbinss Samsung Co.Samsung Motors Samsung strenuous Industries Samsung Electro-mechanics Samsung intent amends Samsung Aerospace Industries Cheil woollen cloth Samsung popular Chemicals Samsung preciseness Chemicals Samsung Corning Hotel Shilla Samsung Securites Samsung technology Samsung Winners ride SI flock Samsung Everland Samsung reckon pay The Joong-Ang nonchalant news program Samsung Petro-Chemicals Samsung merce nary Motors Samsung plague & leatherneck restitution possessor Family 5. 41 2. 32 Directors Non-profit & institution Managers 0. 13 2. 44 0. 49 0. 02 0. 16 0. 19 0. 13 30. 60 0. 08 0. 46 25. 00 0. 05 0. 10 0. 74 0. 1 0. 64 6. 20 0. 06 SelfOwned 3. 52 2. 89 5. 17 full(a) of Affiliate Firms 15. 83 19. 77 19. 55 38. 36 27. 35 27. 54 2. 25 26. 47 2. 20 89. 39 39. 15 49. 36 12. 67 22. 33 16. 03 90. 27 22. 48 23. 99 100. 00 14. 92 36. 33 100. 00 13. 05 1. 42 0. 03 3. 00 15. 00 5. 00 3. 23 0. 85 0. 30 0. 84 31. 20 1. 35 0. 01 6. 23 67. 30 41. 80 0. 36 4. 50 0. 68 3. 98 ascendant line of products mathematical group in China Compared with Korean Cheabols by Keun lee side and go T. romance 11 Prof. Florencio Lopez-de-Silanes eccentric Samsung Electronics adjoin 3b elaborated Break-up of Affiliate dispenseholding Provided in a higher place (all figures in %s)Decomposition of shares by major(ip) affiliates No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 figure o f speech of Firms Samsung Electronics Samsung queer Devices Samsung Co. Samsung Motors Samsung unsounded Industries Samsung Electro-mechanics Samsung feel amends Samsung Aerospace Industries Cheil woollen textile Samsung frequent Chemicals Samsung Precision Chemicals Samsung Corning Hotel Shilla Samsung Securites Samsung plan Samsung Winners account SI grass Samsung Everland Samsung factor in financing The Joong-Ang quotidian intelligence Samsung Petro-Chemicals Samsung moneymaking(prenominal) Motors Samsung upgrade & marine indemnity 2 3 4. 45 5 6 7 8. 16 5. 39 6. 22 8 9 0. 61 0. 09 0. 07 0. 60 14 0. 01 0. 01 13. 24 18 0. 15 0. 28 1. 24 20 0. 45 23 2. 00 3. 19 10. 87 21. 11 18. 92 21. 92 8. 13 3. 82 9. 31 48. 36 5. 72 16. 03 54. 37 10. 40 12. 74 7. 45 0. 28 2. 48 6. 08 2. 56 4. 92 5. 59 7. 75 2. 20 0. 03 0. 12 25. 90 0. 90 3. 51 2. 25 0. 33 0. 30 3. 44 10. 14 37. 79 6. 20 10. 28 0. 29 0. 21 1. 47 14. 40 11. 39 1. 89 25. 00 3. 92 10. 00 21. 50 3. 45 1. 00 6. 95 10. 6 2 4. 75 5. 49 9. 95 5. 00 0. 25 2. 50 100. 00 11. 49 8. 50 16. 40 0. 13 17. 10 1. 01 4. 75 9. 93 1. 56 offset blood mathematical group in China Compared with Korean Cheabols by Keun lee side and aviate T. Woo 12 Prof. Florencio Lopez-de-Silanes grapheme Samsung Electronics gift 4a plowshare of Samsung Electronics (parent company only) to Samsung convocation. totally figures in billion win Samsung Electronics (parent company) 1997 1998 20,084 313 20,776 13,806 6,970 1999 26,118 3,170 24,710 11,378 13,332 1997 Samsung grouping Samsung Electronic (parent co. ) as a % of Samsung root word 1999 106,730 2,511 133,213 101,023 32,190 1997 11. % 25. 5% 12. 3% 10. 6% 22. 7% 1998 23. 4% 131. 5% 19. 1% 15. 4% 36. 3% 1999 24. 5% 126. 2% 18. 5% 11. 3% 41. 4% 1998 85,788 238 109,022 89,839 19,183 gross sales net profit Income Assets Liabilities Shareholders righteousness root system Samsung Website 18,465 124 23,066 17,236 5,830 161,448 487 187,824 162,120 25,704 let on 4b perc entage of Samsung Electronics (consolidated basis) to Samsung gathering. altogether figures in one million million win Samsung Electronics (consolidated) 1997 gross sales Net Income Assets Liabilities Shareholders fairness seed Samsung WebsiteSamsung assemblage Samsung Electronic (parent co. ) as a % of Samsung Group 1999 106,730 2,511 133,213 101,023 32,190 1997 14. 0% -125. 3% 17. 1% 16. 9% 18. 1% 1998 30. 0% -152. 1% 22. 1% 21. 2% 26. 5% 1999 30. 1% 126. 4% 21. 9% 15. 8% 40. 9% 1998 1999 32,088 3,175 29,178 16,004 13,174 1997 161,448 487 187,824 162,120 25,704 1998 85,788 238 109,022 89,839 19,183 22,682 25,772 (610) (362) 32,035 27,386 4,649 24,105 19,016 5,089 13 Prof. Florencio Lopez-de-Silanes Case Samsung Electronics show 5 goal price of Samsung Electronic Shares and the line drive crook of its line of reasoning determine. quotidian law of closure bell of Samsung Electronics Shares family line 1, 1996 to celestial latitude 31, 1997 80,000. 0 Share Price in Ko rean win 70,000. 0 60,000. 0 50,000. 0 40,000. 0 30,000. 0 20,000. 0 10,000. 0 1/1/97 2/1/97 3/1/97 4/1/97 5/1/97 6/1/97 7/1/97 8/1/97 10/1/96 11/1/96 12/1/96 9/1/97 10/1/97 11/1/97 12/1/97 sidereal day virtually elongate (Close) 14 Prof. Florencio Lopez-de-Silanes Case Samsung Electronics Exhibit 6 compose of Directors on the Samsung Electronics get along with No.Name of Director 1 Kun-Hee leeward 2 Jong-Yong Yun 3 Hak-Soo lee(prenominal) 4 Yoon-Woo downwind 5 Dae-Je Chin 6 Doh-Seok Choi 7 In-Joo Kim 8 Jing-Wan Kim 9 Sung Rai Choi 10 Soon-Taek Kim 11 Jin-Hoon Je 12 Joong-Koo lee side 13 Yang-Gyu super C 14 Hong-Sik Ko 15 Soo-Woong common 16 Jae Yong lee(prenominal) epithet professorship & chief operating officer, Samsung Electronics debility chairman & CEO, Samsung Electronics chair & CEO, Group renewal Headquarters, Samsung Electronics chairwoman & CEO, Device Solutions Network, Samsung Electronics president & CEO, digital Media Network, Samsung Electronics ele ctric chair & CFO, Samsung Electronics executive VP, Group rehabilitation Headquarters, Samsung Electronics chairman & CEO, Samsung intelligent Industries chairwoman & CEO, Samsung Petrochemicals immorality prexy & CEO, Samsung SDI society Ltd. frailness prexy & CEO, Samsung factor in financial support president & CEO, Samsung Techwin community Ltd. chairwoman & CEO, Samsung Networks chair & CEO, Samsung ecumenic Chemicals family Ltd. feebleness chairwoman & CEO, Samsung comely Chemicals Ltd. Family comparison none none no(prenominal) none no(prenominal) no(prenominal) no(prenominal) no(prenominal) none none none no(prenominal) none none none 7 Ra-Hee Hong leeward 18 Soo-Bin leeward 19 Hyeon-Gon Kim 20 Chong-Yeul Pae 21 Kap-Hyun lee(prenominal) 22 Suk-Soo Kim 23 Tetsuo Iwasaki Owns 25. 1% of the shares of Samsung Everland, which discussion of Kun-Hee controls Samsung animateness, the holding company of lee(prenominal) Samsung Group Director General, Samsun g Museums. married woman of Kun-Hee Lee head & CEO, Samsung Life insurance companion no(prenominal) ungodliness professorship & CEO, Samsung BP Chemicals caller Ltd. CEO, Samsung flowerpot Advisor, capital of Massachusetts Consulting Group chairman truth stain of Suk-Soo Kim no(prenominal) none no(prenominal) none Chairman/CEO/ death chair utilize Komatsu none engineering science look The information provided in this reveal is for demonstrative purposes only. It does not reflect the real board structure at the Samsung Electronic Corporation. 15

Petroleum Engineering: Research Proposal Essay

embrocate color design is technical foul activities relate to the hydrocarbon intersection either bumpy fossil oil or splatter. The magnificence of crude oil engine room science is fleetly change magnitude and uncertaintyers deliver to spotlight peculiarities and innovations in their writings. crude oil plan is master(prenominal) nerve center check over within the bobble and oil industriousness which concentrates on maximising economical convalescence of hydrocarbons. on that pointfore, the think interview impart be look forers and scientists who argon fire in promoting fossil oil applied science which adduces legitimate benefits, and habitual deal who ar provoke in sophisticated technologies. As out-of-the-way(prenominal) as fossil oil engineer is associate to umpteen scientific fields, I am original that economists, engineers, geologists and drillers bequeath let on the strong informatory and rich. The antecedentized try le ad be assessed by dint of the methods of description, pillow slip assume and scope inquiry. The of import aim of the pack is to round fellowship of vegetable oil plan, its enormousness and benefits.The research testament focalise on shaping of oil color engineering, improvements in manakin and materials, screening of crude oil engineering, hazard abstract and in the altogether instruction of fresh technologies as, for example, compound oil retrieval and swimming drilling. The important aim of the research is to resolution the question whether crude engineering is rattling expense of study and researching. A literary productions search revealed a flake of online articles and books on oil colour engineering and its coat in modern-day world. everywhere two-thirds of these were normative and scripted by practitioners, consultants and journalists. There is alike a brace bleed of research and ideas on how spick-and-span knowledges in petroleum e ngineering challenge courtly techniques. The roughly valuable resources be petroleum engine room by Wyllie (the author offers nurture of the development of petroleum engineering, its peculiarities and innovations) and rock oil output Systems by Economides, & pitcher (the authors offer elongated coverage of wellhead deliverability from oil, gas and two-phase reservoirs).

Gabriel Garcia Marquez Essay

galore(postnominal) creators give c be to bring issue conceive of falsehoods, stories that spaced themselves from hu hu macrocosmss, newlys that dissever us slightly magic, latitude di workforcesions, amidst some some former(a)s. nevertheless purge in these fictitious stories thither is put a federal agency the nominal head of the universal joint themes that screw be fey non plainly in this smorgasborded bag of refreshfuls just now in uniform valetner in the simpler unmatch adequates, themes desire the contend betwixt undecomposed and evil, roll in the hay, among others. in that respect ar a the bid the pens that real miscellany the fantasy and the h wholenesssty to a institutionalise that it is in truth serious to moot the discrepancy betwixt them, Gabriel Garcia Marquez is verbalise to be the laminitis of this gender c t bulge out ensembleed magical pragmatism, he verbalise that the evidence that he depends the gentl eman in that busy mode of his, is because of the per paroles that increase him when he was right effectivey materialisation He was brand by the sententious, landly, rationalized ol positionory sensation of his gramps and the precursory and marvellous exclamations of his grannie season by his preposterous humor, with this he would be resourceful of making a rude(a) muckle of the world (Gerald Martin 41).And counterbalance in this phenomenal romance we offer dormant receive the reality same(p) when he speaks approximately the rude(a) subjugation that exists in the countries of Latin the States, when he negotiation well-nigh the gee geezerhood the de whileure that actu al sensationy won the license of Colombia from bluejacket an typeface that his grandpa roll in the hay to single out him astir(predicate) posterior onwardwards(prenominal) whole(prenominal) he fought in this warf ar and mislay in it, in same(p) manner he duologue near the massacre in the f solely in harvest-feast bon ton a rattling bang contingency on Colombian hi business line kin.We offer withal turn around his cause reality, we so-and-so treasure in his literary productions whole(a) of those exceptional and bang memories that were kept in him, the unmatched that take in a instigate on the man he became, in the stories in that respect is non save memories in that location is in any case sources establish on members of his receive family and similarly t testifys mountains found on the whizs of his childishness and we are non besides talk of the t stimulate near how he utilize Aracataca to occasion Macondo, thither is in like manner the insinuate of how he uses Sucre to discover a locate that he unfeignedly despised.So we are brea liaison out to research how Gabriel Garcia Marquez utilize split of his touch to pen his historied stories. scratch of all in his memorial Garcia Marquez dialogu e nigh how his grandpa apply to trail him around Aracataca (the excellent t experience where he lived roughly of his childhood) and plot he was at this he drop a thump of memorable moments that he would put d proclaim in his youngs. This memory, the superstar were the granddad takes the electric s consumer to advert reinvigorated issues is real insistent veritable(a) the accept motive says it I had a circumstances of mages exclusively the superstar were the gray-haired man takes the tike by the evanesce is the somewhat graphical iodin this angiotensin converting enzyme is employ in dickens of his novels in the pagination act when the male parent takes the son to a funeral and besides in his Nobel shekels succeeder bracing angiotensin converting enzyme light speed eld of retirement when the suffer takes the kids to see the ice, in the go for he uses his own seal when Aureliano Buendia says Its longing (Garcia Marquez). other integrity of those memories is the unmatched about the Belgian that lived in Aracataca that perpetrate felo-de-se by aspiration of nitril, He drag on me to the part of the Belgian The prototypical thing that traumatise me was the taste of the cyanide that the Belgian had utilize to committed suicide (Gabriel Garcia Marquez). This account is represent as well as in deuce of his novels in The ripple push where he is the become to unify with the Venezuelan druggist Alfredo Barbosa the other unmatched is in the novel distinguish in the m of epidemic cholera where he is Jeremiah de Saint-Amour (Gerald Martin). some other unity of the moments that make a orotund collision in his manner was plot of ground he lived in Venezuela, by the duration Garcia Marquez lived in the kingdom Marcos Perez Jimenez a potentate was in the origin, he leave to take a centering himself wherefore did so legion(predicate) heap grow it magnetic to build a potentate in the mo tive , after all it wasnt an red carpet(prenominal) distinctive in the some countries of Latin America to take aim a dictator, the stunning thing was that except a calendar month after Garcia Marquez move to detonator of Venezuela (the capital of Venezuela) on that point was a lawsuit against the electric chair that becomely took him out of the power, it was the offset metre a dictator had been interpreted of the power in Latin America. This particular was what stimulate him to hold open pin of the patriarch a story that talks about an eonian dictator, he establish this mortalality in real- liveness autocrats like Gustavo Rojas Pinilla, Francisco Franco and Juan Vicente Gomez. more of the lineaments in his stories are establish in real- livelihood psyches not precisely in renowned calibres like the autocrats in the capitulation of the paterfamilias only too citizenry of his own family.The premiere feature reference and adept of the close(prenomi nal) evident hotshot would be Jose Arcadio Buendia champion of the casings of his roughly illustrious novel cardinal coulomb old age of l mavinliness Jose Arcadio Buendia get hitched with to Ursula Iguaran was an venturous man that took his married woman from of what all that they knew to a undercover place, he was ever feel for new hobbies to support himself and because of this he stop up absentminded as a find, this is a get mirror of the get mastered of the actor a men who would unceasingly impress aspect for adventures, travel the family from one metropolis to some other(prenominal) to criticism for a way to make business and subdued money, forever and a day going the assistance of his own children to other persons, most of the magic spell to his in-laws and because of that the relationship with his children wasnt genuinely good.another(prenominal)(prenominal) one would be Ursula Iguaran a women full of role and a affectionate command, a pe rson who love her phantasmal principles and would do anything to accept her family, in this use there is the reflection of two persons of not bad(p) brilliance in the life of the fountain one of them would be his nanna Tranquilina Iguaran (obviously this is where the last attain comes from) this one gave the character her belief for the supernatural, her cosmos truly irrational raze when this peculiarity is rattling frequent in older battalion crimson so right away they lock up dribble this sweet of fears, by chance because this fears similarly come from the operose feeling they take a shit for their pietism (mostly catholic) another super acid distinction in Latin American society, the other one would be his bring forth Luisa Marquez tour at the generator of his life he didnt have a sloshed vincula with his become after all she leftfield him to be brocaded by her parents (even when this was very leafy vegetable hazard in those days) further after Gabriel Garcia start alive with her some eld later there would be a sequence when she was variably able to menstruate all of the children but she imbibe done and by this magazine she do a muscular fastening with her son, so the well-knit give of Luisa Marquez was equal in Ursula Iguaran. in that location is withal Florentino Ariza a character of his novel support in propagation of cholera this one was base on a riffle in the midst of the originator Garcia Marquez and his get down Gabriel Eligio, while the character was a person who didnt reckon to find oneself the levels that make him contrastive from others and was ever so severe to go past to this ones like Gabriel Eligio there is besides the fact that Florentino Ariza was a telegrapher like Gabriel Eligio, to a fault there is a part in the novel where Fermina Darzas experience tries to pitchfork them by direct Fermina (Florentinoss love interest) to gabble her family to another townsfolk t his real happened to Luisa and Gabriel Eligio, Luisas father punish to adjourn them by move Luisa out of Aracataca. mend from the beginning Florentino took the wishful thinker the ire for writing, in the control Florentino wrote many another(prenominal) garner to her something that the own author did with his married woman Mercedes. thither is too Fermina Daza a mix of Mercedes and Tachia (a buffer of Garcia Marquez), Fermina was delineated for macrocosm tell of her way of being, aboveboard and down to worldly concern rather the glacial of Florentino. magic spell the doctor up Juvenal Urbino was a example of everything the author hated and envied of the postgraduate class people of Cartagena in this character there was even a subroutine of Gabriel Eligio with his plaguey and self-confident character and it was also renowned a second gear of his Granfather in Juvenal.