Private Equity in Southeast Asia Region Essay Example

Private Equity in Southeast Asia Region Essay As many investors and finance people know, the United States has been the biggest laying field for PEE firms since 1980 as it is a developed market with mature structure and clear regulations. However, due to competition and limited resources in the United States, investors and PEE firms have a growing need for a new market to grow and expand their business. One of these new, emerging markets for PEE is the Southeast Asia region. This Southeast Asia region is characteristic of developing countries that are rich with natural resources. Most of the countries in this region of Southeast Asia have a lot in common including; they are developing countries, they re rich with natural resources and they all have a big market in terms of population. One of the exceptions in this region is Singapore as it is considered a developed country, especially in the finance sector. Southeast Asia is very lucrative in the sense that it offers a lot of opportunities for investors, including PEE investors and firms, however, in order to realize the revenues and returns of these opportunities these firms would need more knowledge on how to deal with the challenges in this new emerging market. Private Equity in Southeast Asia The emergence of Private Equity (PEE) markets outside the United States and Europe as significantly broadened the scope of portfolio diversification. We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also, due to the growing importance of PEE in nontraditional markets, the need for investors to broaden their knowledge has increased significantly as knowledge is the key in regards to international investing as a whole. Hence, the purpose of this paper is to provide relevant information about PEE market in the Southeast Asia as well as provide recommendations on how to deal with the challenges. Market Typology With the exception of Singapore, most companies in the Southeast Asia region are developing countries and are therefore referred to as an emerging market. Table 1 describes the market typology of PEE market based on four market types. Table 1 Market Typology Mature Markets Non-traditional markets in advance economies Emerging markets Frontier markets Economic structure Sophisticated Sophisticated Relatively developed Early stage of economic/financial development Economic stability High High Track record is being establish Track record still short Size of the economy and growth Large/high level of prosperity Varies Varies with high growth prospect Small size, lower level growth Debt markets Highly liquid Liquid Emerging Still embryonic Exit markets Developed public equity markets with high market capitalization Developed public equity markets with significant market capitalization Relatively developed public equity markets with sufficient market capitalization Underdeveloped Global PEE firms Investing Investing Investing Very limited, if any investment Domestic PEE industry Developed Emerging Emerging Rudimentary PEE exits Considerable history Track record being established Visible exits already occurred Very limited Key markets United States, ELI-1 5, Switzerland Australia, Canada, Hong Kong, Japan, Singapore Brazil, China, India, Russia, South Korea, Slovenia, South Africa, Southeast Asia countries: Indonesia, Vietnam, Thailand, Malaysia, Philippines Bulgaria, Colombia, Pakistan, Astrakhan, Tunisia, Ukraine Source: Cornelius (2011). The term emerging markets has been widely adopted by international investors to refer to all developing countries. Specifically, Emerging PEE markets refers to those where an indigenous PEE industry is already developing and visible exits have begun to attract a growing amount of interest among international investors. Southeast Asian Private Equity market In general, PEE investment is growing in Asia entirely. According to Perrine, PEE funds share of investments in Asia has grown from a mere 2. 6% in 2006 to 10. 6% in 2012, due to PEE funds investing a total of SIS$27. 8 billion in Asia (Figure 1). Although some of this increase in share can be attributed to the decline in PEE investment in North America and Europe as a result of the financial crisis, the PEE investment in Asia continued to grow at an average annual rate of 8% from 2006 through 2012. In fact, trends show that Asia was the only region in which PEE investment grew over this timeshare. Figure 1 Global PEE Investments by Region (Left) and Trend in Asia for P Deals Source: Pretentiousness Asia has continued to become increasingly attractive as a P destination over the years. According to an investor survey conducted by Ernst Young that involved both general and limited partners, 36% of the respondents believe that PEE investment in Southeast Asia will in fact increase. The survey results from 2012 to 2014 (figure 2) shows an increase in PEE investors confidence level AIBO Southeast Asia Market in comparison to China. Figure 2 PEE Investors Survey: Which geography will see the most PEE activity in the next 12 months? Source: Ernst Young Based on Perrine data, the Southeast Asian PEE Investment reached the highest peak I terms of both investment value and number of deals in 2007, right before the financial crisis. There was a slowdown during the crisis but the markets start to bounce back in 2012. Figure 3 below shows the PEE Investments in major Southeast Asian countries. In Indonesia, Malaysia, and Thailand, the PEE Investments started to increase in 2012 after the financial crisis. While the PEE Investments in Singapore, Vietnam, and Philippines in 2012 started to recover after the crisis. Figure 3 PEE Investments in Southeast Asia Countries Source: Predisposed on Boston Consulting Groups (BCC) report, from 2005 through 2010, Southeast Asia accounted for about 18 percent, by value, of PEE deals in Asia. In 2010, the value of the regions deals was about one-fourth of Chinas and 30% of Indians. Deal sizes and volumes vary significantly by country: Singapore has historically led in the number and size of deals, while Thailand and Vietnam have small and relatively underdeveloped PEE markets and have therefore lagged. Indonesia is extremely active indeed, the largest PIP in the history of the Indonesian stock market was a private-to-public deal. On the other hand, trend shows that Malaysia has delivered mix results. Overall, with a host of new players entering the region, Southeast Saiss share of Saiss deal pool looks set to continue to increase. The growing interest from investors and the recovery of PEE markets in Southeast Asia from the crisis is as a result of several growth-driving factors including: Macroeconomics growth According to Pain Company data, the total GAP in Southeast Asia in 2011 was SIS$2 trillion, accounting for 4. 2 percent of the world total GAP and is expected to row at 4. To 7. 9 percent compound annual growth rate from 2011 to 2016. Natural resources The Southeast Asia region has lots of natural resources such as oil and gas, mineral, marine resources, fertile-land for plantations, palm oil, agro commodities, and many more. These natural resources can stimulate growth opportunities for companies who operate in the region that will lead to signifi cant returns in their investments. Demographic Southeast Asia was home to a mostly young and dynamic population of nearly 600 million in 2011 and this population is projected to grow at 10. Percent compound annual growth rate from 2011 through 2016. With this type of demographic, Southeast Asia offers a big market for consumption especially in its lower to middle class population. In addition to creating a large consumer market, Southeast Asia demographic also provides human resources for companies to support their business in this region with relatively lower costs compared to other regions or countries. Economic Liberalizing Economic reform has spread across the region with democracy in politics and law enforcement significantly improving. Restrictions on foreign investments and winnowers have been relaxed, and some governments are actively developing the PEE sector. At the same time, the connection between countries in Southeast Asia is strengthening to create rationalization and intraregional trades. Capital market Another driving factor is that the capital markets in Southeast Asia are generally underdeveloped and predominantly revolve around indirect finances. In other words, access to traditional capital markets is generally difficult however not for large companies and therefore PEE funds will emerge as a source of growth capital for rowing companies in need of financing. China and India Slowing Economic Growth This is an external factor that creates opportunity for Southeast Asia to grow the PEE markets. Many investors shift their focus to Southeast Asia due to economic slowdown in the two biggest markets in Asia, China and India. Besides economic slowdown, PEE firms reportedly encountered challenges in these two countries. The main challenge in both countries is difficulty exiting investment or selling the portfolio companies. Ipso in China and India are currently inhibited by the regulatory body and market environments. Beside PIP, the strategic selling also faces a problem because of the difficulty of negotiating attractive sales price with potential buyers, particularly in India in the wake of economic slowdown and currency depreciation. All the opportunities and driving factors create optimism for the investors including PEE investors. Result from a Joint survey conducted by Pain Company and the Singapore Venture Capital PEE Association (SVGA), showed clear signs of optimism about the regions prospects, which could have marked 2012 as the start of Southeast Saiss time to shine. Respondents looked for deal activity to increase substantially, especially in consumer, healthcare, and energy sectors. PEE firms that are active in the region reported that they would boost their investments in Southeast Asia, with some 40% of respondents planning to invest more than SIS$1 50 million in 2012, compared with Just 20% in 2011 (see figure 4). Figure 4 Survey Result Growing Optimism for PEE Markets in Southeast Asia One of the negative effects coming from those opportunities is the growing competition for PEE investments deals. Such competition has led to concerns about oaring valuations that make most of the acquisition prices in Southeast Asia rise since 2012. The main cause of this problem is the limited number of good portfolio companies. Most of the PEE firms focused their deals on consumer-related sectors such as food, beverages, healthcare, media and telecommunication, and energy. It is understandable since these sectors are the one that have the best growth and return opportunity due to consumer market growth (huge and young population) in Southeast Asia. Moreover, Southeast Asian countries still possess some classical robbers that can be considered as the major risks for PEE firms to invest in Southeast Asia. These risks include: Economic risk Economic conditions in most countries in South Asia, including Singapore are facing some macroeconomic risks, such as inflation, currency exchange fluctuation, and the dependency of foreign investment. All these risks can cause instability to the economic condition. According to Cornelius (201 1), between the time span of 1993 and 1999, many PEE firms failed to meet investors return expectation due to the currency exchange rate changes. Inflation is another big problem in Southeast Asia, inflation can suddenly spike because of the sharply higher commodity prices thus leading to a considerable increase in the general price level. According to Cornelius, in emerging markets, including Southeast Asia, average consumer inflation surged to 9. 2 percent in 2008 from 5. 6 percent in 2006. The inflation rates can have a big impact on real investment returns. Political risk Political instability has been identical with the Southeast Asia region for decades. Political instability causes investment uncertainty and could potentially result in a monumentally different investment regime. Governments in Southeast Asian countries still have a big role in business and economics. They control the business by imposing several regulations that can change from time to time creating uncertainty in business. Moreover, every time there is a change of government, the policy will be changed and can sometimes harm the investments that have already been made. Unanticipated changes in regulations have substantial return implications through their impact on production costs, market prices, and the repatriations of profits. Governance risk Except for Singapore, all the countries in Southeast Asia hold governance problem, especially corruption and law enforcement. Law enforcement is very important for investors in relation with the protection of investors rights in case of disputes. There is an absence of well-functioning and predictable legal institutions in most countries that can give a negative effect for business and legal assurance. Of all the risks we consider in this section, corruption perhaps the most evil one. Corruption has many dimensions, including tax bribery, procurement bribery, and Judiciary bribery. Corruption has flourished in previous years within the Southeast Asia region due to complex bureaucratic regimes. This risk can severely distort policy dimensions in all areas imposing huge macroeconomic costs. Conclusion and Recommendation 2014 will continue to be a competitive year for PEE investors in Southeast Asia. Pain ; Company stresses that with more PEE firms turning their focus to the region and cash rich corporate on the prowl for acquisitions, valuations in 2014 are expected to remain at lofty levels. Respondents polled by the research outfit pointed o a scarcity of high quality target companies as one of the most pressing challenges. Macroeconomics volatility, political instability, and corporate governance are still the major threats in Southeast Asia. But with all the opportunities going forward, Southeast Asia will become the deal making hotshots, drawing an influx of PEE firms from the United States and Europe. However to get all the benefits that Southeast Asia offered and to get the best investment returns, PEE firms should be able to overcome the risks and challenges that exist in the region. Some of the strategies and commendations are: Choose a focused Model An investing model focused on a specific industry sector or on Just one or two countries will maximize the chances of sourcing and converting the right deals. For example, targeting consumer sectors, since this sector offers a robust growth due to increases in middle-class populations and growing consumption. The biggest beneficiary country of consumption growth driven by growth in the middle class is Indonesia, the most populous country in Southeast Asia, with a population of over 240 million. Enhanced due diligence and deal-execution process Allow plenty of time for due diligence process, especially when creating market scenarios and mapping industry structures and value chains. PEE firms that excel in converting more acquisitions into winners and avoiding losers use probing due diligence process to dig deeper into a potential targets operations before they commit to an investment. Superior due diligence is very critical in Southeast Asia where information often less transparent and reliable sources of date are hard to find. A good due diligence can also reduce the negative effect from uncertainty in economic and political condition. Proprietary sourcing and smart partnership To find the best companies quickly and avoid overpaying, fund managers need to forge alliances and have people on the ground that can spot opportunities before competitors do. To be able to do that, PEE firms should reinforce local connections and consider partnerships with conglomerates or family groups seeking to institutionalize their investment capabilities. Other potential partners include local PEE funds as well as local banks, government-linked organizations, and state-owned wealth funds. They can facilitate access and help build up a steady deal flow. PEE firms should consider

Correspondence Theory of Truth

Correspondence Theory of Truth There have been many different propositions related to the nature of truth and reality throughout the history of philosophy. The Correspondence Theory of Truth states that propositions can only be true if the facts and ideas that they are stating correspond to reality. People can only say that the sky is blue, for instance, if the sky really is demonstrably blue. While different philosophers have been trying to debunk this intuitive and the basic idea for a long time, the Correspondence Theory of Truth looks better than the objections to it. Reality and Mental Objects Some philosophers object to the Correspondence Theory of Truth because they more or less point out that reality, as it is perceived by humans, is not objective in its own right. The sky may seem to be blue, but the sky is a concept as perceived by humans, and blue is a mental object that exists in the minds of humans. They deny that a reality made of mental objects could possibly be objectively real. However, in order to even analyze the veracity of the Correspondence Theory of Truth, people are using mental objects and their own minds. People are doing this all the time anyway. There is no way of getting around this, so humans have no choice but to trust out senses and perceptions of reality. Deconstructing reality beyond that point creates a situation where people cannoteven really use their own brains, which is not going to help anyone find the truth. The objections to the Correspondence Theory of Truth eat each other. Humanitys Reality Matters The reality that humans perceive is more complicated than it seems. As humans acquire tools that allow them to detect things that were beyond human senses, that much is obvious. However, even the act of questioning whether the reality perceived by humans is real or not requires the use of human perceptions and biases. The perceptions, biases, and mental objects that create reality for humans still have value. If there is a reality beyond that, it almost seems like it isnt going to functionally matter for humanitys purposes. Humans experience the world through mental objects, and the Correspondence Theory of Truth helps humans understand the reality that is lived by humans. It functionally describes truth. Empirical Evidence The Correspondence Theory of Truth encourages reasoning based on empirical evidence. People can only say that the sky is blue if the sky is blue. In other words, given the definition of sky and the definition of blue, people must look for evidence that the sky is blue in order to agree that it is. Empiricism is a philosophy that has a long track record of helping humanity understand the world. Empiricism and rationality force people to examine their own biases, which can allow people to compensate for the problems that might arise with constructing reality out of mental objects. Encouraging the endless skepticism involved with the objections to the Correspondence Theory of Truth does not help people understand the world. People need to make some prior assumptions in order to think anything. SHOULD CITIES PRESERVE OLD BUILDINGS? The objections to the Correspondence Theory of Truth are rooted in hyper-skepticism and the largely useless observation that humans have an inherently biased view of reality. The human view of reality involves mental objects and frames, but objecting to the Correspondence Theory of Truth also requires mental objects and frames. People cannot escape using them, which makes it fundamentally useless to try to think without them and perceive truth without them. It makes more sense to encourage the empirical approach to reason, and the Correspondence Theory of Truth does that. People can only accept claims as true if they correspond to evidence-based reality, which is a way of modeling the world that makes sense according to human needs and even human limitations. The human perception of the world is flawed, but it has value, and the Correspondence Theory of Truth can help people understand it.

Letter to Prime Minister for the Problems Faced by a Chinese Immigrant Essay

Letter to Prime Minister for the Problems Faced by a Chinese Immigrant in Canada Before 1885 - Essay Example Dear Prime Minister, I am writing this letter as an immigrant worker and an affiliate of Chinese community to appeal for investigation and resolution of the problems, which we are facing as Chinese immigrant’s workers. I speak not just for myself but also for my Chinese brothers and sisters who have taken a great role in building this country. In the letter, I will also mention the happenings of the past few years that have resulted in alienation and increased suffering of Chinese living in Canada. Since our migration into Canada, life has been unbearable and we feel unwelcomed not just by Canadian citizens but by the Canadian government. We as Chinese community feel like the Canadian government is using us for their own good while we suffer silently. I am a young Chinese male, currently working in the Pacific Canadian Railway construction though I have done some other menial jobs. I thus have a clear understanding of the extent to which the Chinese migrants are suffering. I am a Chinese immigrant from Guangdong. Right from our entry into Canada, we were welcomed with a lot of hostility. It was inauspicious to be referred to as ‘sojourner’ or temporary workers while some of us were settlers. Some Canadians might have come as temporary workers, but even those who have been here for generations are not excluded from the tortures we undergo. Irrespective of the much risk we undertook to build the Canadian Pacific Railway, our efforts have not been rewarded or appreciated. Your government started portraying hostility towards us when they realized we were almost about to finish the railroad. We know that they fear that we might settle here permanently but we deserve better. We have to do the menial jobs irrespective of out competent skillfulness. I feel like I and my fellow Chinese have persevered enough discrimination and personal attacks. I do not understand why we have to pay extremely high head tax while our work is meant to benefit the Can adians and their government. I might have excused the Canadians for mistreating the first Chinese arrivals but it has been almost a whole century since then and we are still facing the difficulties they faced. I left Guangdong to escape poverty and I find it disheartening to continue suffering irrespective of the hardships I have to undergo as a railway worker to get my daily bread. Being treated as an outsider or an alien is disheartening. Chinamen or non-British alien is the name used to refer to us from Guangdong. This is discriminative and a demonstration of extreme racism, which I believe, you are opposed to. I have been a worker in Canadian Pacific Railway (C.P.R) for over a decade and I feel its time your government acknowledged that we are part of Canadian community. You must have noticed the increasing agitation as we near the completion of the C.P.R. Chinese constructors are being attacked and killed often and no measures have been taken to curb this. I fail to understand why the white, black, and native workers are paid two to three times our wage while we do similar and at times harder works than them. I agonize every day as I watch my brothers sleep hungry and come to work every day. Others die while planting explosives along the railroad construction site. I happened to work at the area near Fraser Canyon, which was the most difficult part of the construction. It was evident that the Chinese who were being paid the least wages comprised the majority of the team working in this site. Countless of them died while planting explosives or digging tunnels. Although we as Chinese rail workers are paid the least wages, we have to pay for our cooking and camping gears while other workers are provided for the above freely. Irrespective of our great role in improving the Canadian economy, we have been denied the right to vote. Additionally, were have been alienated from the political community. The move to form our own community was

Kurdistan Workers Party Paper Essay Example | Topics and Well Written Essays - 500 words

Kurdistan Workers Party Paper - Essay Example The PKKs objective has been to secure an autonomous Kurdish state in southeast Turkey, northern Iraq, and parts of Iran and Syria. In the early 1990s, the PKK moved past rustic based extremist exercises to incorporate urban terrorism. Turkish powers caught Ocalan in Kenya in ahead of schedule 1999, and the Turkish State Security Court, therefore, sentenced him to death, a sentence later drove to life detainment after the annulment of capital punishment (Wyne 2005). In August 1999, Ocalan proclaimed a "peace activity," requesting parts to shun savagery and to ask for a dialog with Ankara on Kurdish issues. At a PKK Congress held on 2000 January, parts underpinned Ocalans driving factors and guaranteed the gathering now would utilize just political intends to attain its open objective of enhanced rights for Kurds in Turkey (Phillips 2008). On 2002 April at one of its Party Congress, the PKK transformed its name to Kurdistan’s Freedom and Democracy Congress and broadcasted a guarantee to peaceful exercises in the backing of Kurdish rights. In late 2003, the gathering tried to specialist an alternate political cosmetic touch up, renaming itself Kongra-Gel (KGK). It pushed its "serene" aims while keeping on directing assaults in "self-preservation" and to deny demobilization. On June 2004, the bunchs hard-line activist branch, which had taken control of the gathering in February 2004, denied the PKKs purposeful trace of the previous five years (Eyrice 2013). The fundamental goal of the PKK organization is to form its own Kurdish state (CASIER 2010). On October 4, in 1992, the Kurdish government in Erbil announced â€Å"PKK ought to either withdraw from the outskirt builds or become dislodged." In the light of March 17, 1993, Ãâ€"calan from Lebanon declared a truce from March 20 to April 15 to Jalal Talabani. He proclaimed that the PKK did not

Three Information Systems Development Methods Information Technology Essay

Three Information Systems Development Methods Information Technology Essay Information system in this present period is been used by organisations, institutions, businesses and many industries. Information system development method is a general technique and procedures that is been followed in stages by system developers in the process of building a system. However, there are different types of information system development method which will be stated later in the report. The main aim of this report is to briefly compare three types of information systems development methods (ISDM) out of the several types of ISDM that exist which will be stated later in the report. Although, this report is more interested in the common methods that are mostly used such as waterfall method, spiral method and systems development life cycle method. In addition to the compared method this report has also adopted six related topics that are connected and interrelated to the information system development method. These six topics include information systems development method, types of information system development methodologies, difference between software development methodology (SDM) and SDLC, difference between system analysis and system design and introduction to project management. The Waterfall Method The waterfall information system development method is one of the easiest and straight forward information systems development method that talks about series of activities in the others of requirement, design, implementation, verification, and maintenance which are done in stages were each stage of the activity stated have to be hundred percent accomplished before the following section can be done (Davidson, 2002). In addition, Cadle Yeates (2004, pp. 77-78) also explained that the end product of each section of the waterfall method is used as an inputs to the product of the following stage as a result it does not permit you to review the previous stage once it is crossed just like the way water flows sequentially. Consequently, Hurst (2007) also analyzed that the waterfall information systems development method has been argued by many to be a bad method because it is not possible for a project to get one stage fully completed and corrected before making ahead to the following stage . However, Hughes et al (2004) one of the biggest advantages the waterfall method has over spiral and system development life cycle is that its make good use of time in terms of management, very easy to manage and it is mostly used for smaller project were all requirements are known. Though, it also has some drawbacks which include high level of risk, been disciplined in completing each stage of the activities in the model. The series of activities in the waterfall method is shown in the diagram below. Fig 1: Waterfall model The Spiral Method This is another type of information systems development method just like the waterfall and the system development life cycle method that also has series of activities that have to be done one after the other but in a different approach. The spiral method combines the important features of both the waterfall method and the prototyping method and most concerned about risk analysis (Dawson, 2005). Although, the spiral method has four stages compared to the waterfall and system development life cycle method which is in the stated order, determine objective, identify and resolve risk, development and testing then finally plan the next execution. All these levels that are mentioned are constantly repeated over and over again section by section until all the difficulties of the waterfall method are rectify. However, some of it advantages is that it is not use for minor project, it takes a very long time to be completed and also it is very expensive to manage. Similarly, it also has some limitations which include, controlling high level of risk analysis in a system development and also used for project were all requirement are complex. Thus it could be concluded that the spiral information system development method is mostly used for larger and complicated system development where the entire requirements are very difficult to understand compared to the waterfall and system development life cycle method. A diagram showing how the spiral method works is shown below: Fig 2: Spiral model. System Development Life Cycle (SDLC) Method This is also another type of information system development method similar to the waterfall and the spiral method with series of activities followed in a circular other in stages through which every developer, database designer and project manager pass through as to develop an information system (Radack, 2009). The system development life cycle method is the overall cognitive process that takes place in the development of information systems in a gradual manner until there is an achievement of the best quality in the development of a system. In addition, (Dawson, 2005) also stated that the system development life cycle is the general process of developing, implementing, and constructing information systems through a multistep process from Requirement, Design, Build, Test and maintenance. However, some its features includes dividing stages into sub stages for easy management and also gives a room for going back to stage when there is a problem unlike the waterfall information system development method. It also has some limitations which includes not meeting the users requirements, not been stable, having lack of control and also having problems with documenting. On this basis, it can be inferred that the SDLC is a procedure that every information system development must pass through even if each of them emphasizes on different part of the five stages of the SDLC method. Below is a diagram that shows how the stages in the SDLC take place in a circular form moving from one stage to the other. Fig 3: System development life cycle model Information systems development method. A brief introduction of information system development method has been given at the beginning of this report but it will be better to look as the definition its self. Information systems development method (ISDM) is defined as: A collection of procedures, techniques, tools and documentation aids which help the system developers in their efforts to implement a new information system. A methodology will consist of phases, themselves consisting of sub phases, which will guide the systems developers in their choice of the techniques that might be appropriate at each stage of project and also help them plan, manage, control and evaluate information systems project (Avison Fitzgerald, 2006, p. 24). It is clear therefore that the information systems development methods concentrate on the general process of development. Categories of Information System Development Methods. Different categories of information systems development methods are considered in the outgrowth of developing an application. Although, every information systems development method has its own special way of approaching each stage of the ISDM process. Thus, the information system development method that exist include: Agile, SSM, SSADM, RAD, PRINCE, Spiral, SDLC, Waterfall, Object oriented, XP etc (Banks Wood-Harper, 2005). However, this information systems development method follows the same procedure known as life cycle. Difference between Software development methodology SDM and SDLC. Britton Doake (2006) differentiated the different between a software development methodology and system development life cycle as, a software development life cycle is mainly concerned about the overall development model of a system with different level of constructing procedures in addition to the sections and protocols that has to be used in completing each sections whereas a system development life cycle is strictly a sequence of activities that are carried out by designers and analyst to produced and implement an information system. Difference between System Analysis and System Design. Shelly (2008, p. 22) explain that System Analysis is the process of collecting or gathering all useful and possible requirement regarding the information system to be developed from the users and also determining how it will be put into the development of the system whereas System design is the process whereby all the requirement that was collected and analyzed during the system analysis stage is put together in the design of the system. Introduction to Project Management According to Kerzner (2006, pp.55-58), Project management can be defined as every unit of activity put to consideration or executed in achieving a common goal or task and the measurement of project success based on time, cost, and quality performance or scope critical success factors. However, information system development or project must be well managed in other to be successful. This is where project management is involved. In addition, project management deals more with the management of a project emphasizing more on time, cost and scope which are the most important issues in a project. Therefore, the main reason for managing a project is to present a well documented work or system development within a specific time in a full flesh package and of the best quality. Conclusion In conclusion, this report has been able to make a good comparison of three types of information system development methods which were waterfall, spiral and system development life cycle methods. In addition, it has also been able to include and discussed six topics that were related to information system development method.

Environmental Issue Essay -- Air Polution, Forest Destruction

Environmental problems are something which belongs to nature or known as â€Å"Mother Earth† [13]. Nature was created to help people survive from gathering foods until build a house. This phenomenon happens continuously without thinking how much damage that nature has because human’s fault. Nature gradually becomes worse and animal’s life in danger. People who are aware of the importance of nature react. Those people do several ways to save the environment. Although these efforts can return back the environment, these efforts only can be hold temporarily. This problem happens because those people who are aware of the environment only slightly; for remaining, there are people either do not know or do not care about the nature. People’s efforts that have helped to recover the nature become useless. Several ways of teaching about the importance of nature has been done to the people. Unfortunately, environmental problems still occur. There are some countries that experienced greater environmental problem than other countries. One of them is Indonesia. Indonesia is a country that has a large population. Development of science and technology make many Indonesian people use chemicals material or motor vehicles such as cars, motorcycles, and so on in life. Indonesian people mostly do not know knowledge of environment. These people do not know how to banish remainder like the rest of garbage, detergents, and the result of human waste correctly and where the remainder should be thrown away. Some people have banished garbage in river, sea, and another wrong place. As a result of wrong way in banishing and the use of motor vehicles within large quantity causes many environmental problems. There are several environmental problems in Indonesia with... ... Indonesian President, Susilo Bambang Yudhoyono also has created laws about forest [19]. The law contains a variety of explanations about the rules and how many fines to be given to persons who make the forest become damaged. With the law, persons who have destroyed forests is expected to be realized if the act of destroying forests are not only harming themselves but also other humans. Beside government, people should also realize the importance of forests especially leaders of industry that use the forest and the contents as production materials. From the people themselves, a group of people invent a technology to restore forests that have been damaged [20]. So, there are so many ways done by the government and people in keeping and preserving the forests continuously although the effort is not reached 100% successful either restoration or protection of forests.

Othello Literary Essay

Othello Literary Essay Although Emilia is not the protagonist of the play, her role is very important in Othello. Through her conversations with Desdemona and Iago, we develop a finer understanding of their characters. She plays as a catalyst when stealing Desdemona's handkerchief, and exploits Iago's villainy. Through Emilia, we see Iago's personality better. Iago's sneering attitude towards his wife and women in general shows the lack of respect and low opinion he has for them. When he says â€Å"Come on, come on. You are pictures out of doors, bells in your parlours, wildcats in your kitchens, saints in your injuries, devils being offended, players in your housewifery, and housewives in your beds† (2. 1. 109-112) Iago is stating that Emilia is a whore who inflicts injuries on others, but puts on an appearance of innocence. In response of learning Iago's view of women, we learn that Emilia's cynical view of men is they â€Å"are all but stomachs, and we are all but food. They eat us hungrily, and when they are full, the belch us† (3. 4. 100-101). By this quote, we see how Emilia perceives men to use women for their own needs and then get rid of them. She openly admits to Desdemona in act 4, scene 3, that women should be equal to men, instead of seen as possessions and objects under their control. From her close relationship with Desdemona, we learn that she is really the honest and sweet woman she known to be. This helps us know that what Iago says to Othello are lies and makes her death even more tragic. Her loveless marriage with Iago is the mirror image of Desdemona and Othello's relationship. Therefore, it enhances the love and intimacy in their marriage. Emilia's major contribution in Othello is when she steals the handkerchief for her husband, Iago. When Emilia sees the handkerchief fall, she immediately picks it up, which is a major development, in not only Iago's plot, but also the plot of the play, and says â€Å"My wayward husband hath a hundred times woo'd me to steal it† (3. 3. 292-293). This shows that even though Emilia is cynical, she still wants to please her husband. Emilia knows this was the first gift Othello had given to Desdemona and means to give it back. Emilia says she will â€Å"have the work ta'en out and give't Iago† (3. 3. 296-297). Meaning she would have the handkerchief copied and given the copy to Iago, despite not knowing the purpose he wants it for. Unfortunately, she doesn’t have the chance to carry out her plan because Iago appears and snatches it from her. She protests â€Å"If it be not for some purpose of import, give't me again: poor lady, she'll run mad when she shall lack it† (3. 3. 316-318). Iago then, very rudely, tells her to keep her mouth shut and sends her away. Stealing the handkerchief is not only a dramatic moment in Othello, but a very important one, too. If Emilia had not found this handkerchief, Iago would not have been able to devise his plan. Being that he uses the handkerchief as evidence to convince Othello that Desdemona is having an affair with Cassio by dropping the handkerchief in his chamber. Emilia is oblivious to the fact that because of her single, wrongful act towards her mistress, Desdemona, she has sent herself and many other characters in the play to their death. From the little bit of Emilia that we see – or read – in the play, she is very obedient, as a Renaissance woman should be. But, as the play progresses, she finally shows a turn of character and becomes a strong and courageous woman. The last scene is when she is most authentically herself as she defends Desdemona, who is murdered on her bed by her husband Othello. Despite threats from Othello, she calls for help, and denounces Iago by saying â€Å"You told a lie, an odious, damned lie; upon my soul, a lie, a wicked lie. She false with Cassio! Did you say with Cassio? (5. 2. 180-182) when he entered the chamber with Montano, Lodovico, Gratiano, and Cassio. Iago continuously tells her to charm her tongue, but she will, with courage â€Å"speak as liberal as the north† (5. 2. 220). In a desperate attempt to save himself Iago commands Emilia to go home when she replies with â€Å"Good gentlemen, let me have leave to speak; 'tis proper I obey him, but not now. Perchance, Iago, I will ne'er go home† (5. 2. 195-197). Othello, trying to recover himself, explains to Gratiano the handkerchief he found in Cassio's hands. At the mention of the handkerchief, Emilia confesses â€Å"O thou dull Moor! That handkerchief thou speak'st of I found by fortune and did give my husband† (5. . 225-226). At this point, Othello knows he's been lied to. Iago stabs Emilia and escapes. Emilia is crucial because she is the only one that sees Iago for who he truly is, and because of Emilia's honesty and bravery, Othello knows he has committed an unlawful death. To sum up, Emilia is important because of the relationships she builds with other cha racters in the play, more importantly with Desdemona, which Iago exploits to use to his advantage and her unknowing help of stealing the handkerchief plays a critical role in his scheme.