European Society and Thought Essay Example | Topics and Well Written Essays - 2000 words

European Society and Thought - Essay Example The economy of Europe was transformed Production expanded greatly, and new methods of marketing and transport arose. Finally, governments gradually adopted new methods and policies, often spurred by pressures from below as new groups gained political consciousness. The result was an increasingly active government that sought change in many areas--in agricultural methods, in the organization of cities, in industry and technology, and in more conventional matters such as police and military structure. Population growth, the industrialization of the economy, and the modernization of the state--here were the most obvious motors for change. The result was a transformation that touched every aspect of life; and in many ways the less familiar changes were more important. People became sexier. They had intercourse more often, both in and out of marriage. Their bodies changed. Modern European man is taller, is heavier, and has bigger feet than his premodern counterpart. Women are taller as we ll, but ultimately their physical image, and with a bit of a lag their physical reality, stressed greater slenderness, along with an increase in bust size. Premodern society had a different notion of work from modern society. It had little specific sense of leisure; the notion of vacations and regular, off-the-job recreation was born in the nineteenth century. Any change as great as industrialization and modernization creates a great deal of stress (Hughes p12). At every stage of the modernization process large groups of people were fearful of change. Ironically, the same transformation that spread an idea of progress also enhanced a more traditional notion that somehow the past was better. An example: polls in France as late as the 1950s revealed that the majority of the population believed that people lived longer in the past than in modern society, apparently assuming that the stress of modern life, in contrast to the peaceful existence of the countryside, must have reduced longevity. Belief in political reform spread too many sectors of the bourgeoisie in France during the second half of the eighteenth century via Enlightenment tracts. Lawyers and other professional people were particularly receptive. By the 1790s a more radical reform interest, also Enlightenment-derived, reached artisans, whose leaders began talking in terms of social contracts and popular sovereignty. But even here the Enlightenment channelled political interests more than it caused them (Gottschalk p14). The state, particularly on the Continent, played a more direct role in modernization, though without intending to contribute to any fundamental transformation of society. From the late seventeenth century most European governments had been extending the scope of their operations. They tried to increase their contact with distant sections of their country, curtailing the regional power of aristocrats. Bureaucracies were expanded, and bourgeois elements were brought into some of them. Most important, the government began to deal with activities that had previously been left to the control of local and private groups. Many

Financial Analysis for Ipplepen Plc Case Study Example | Topics and Well Written Essays - 1500 words

Financial Analysis for Ipplepen Plc - Case Study Example As such, the potential of a stock as a profitable investment is often linked to the company's ability to maximise shareholder value which in turn, is mirrored in its financial statements. Financial analysis has gained wide acceptance as a tool in assessing the health and well-being of a business entity. This is also considered as a helpful technique which aids investors in ascertaining the gains and the risks involved in buying and holding company's stocks. This report aims to evaluate the viability of investing in the stock of Ipplepen through the utilisation of an in-depth financial analysis. In so doing, this report will give a brief introduction of the company, its operations, and the recent significant corporate changes. To get a profound evaluation of the financial situation of the organisation, it will diagnose the important aspects of Ipplepen's financial health which include profitability, liquidity, gearing, working capital utilisation, investment, and cash flow. In order to come up with a comprehensive and accurate assessment of Ipplepen, this report makes use of the company's financial statements which include the consolidate income statement, balance sheet, and cash flow statement for the fiscal year 2006. The required data for the financial ratio computation are transcribed in Microsoft Excel spreadsheets in order to facilitate more accurate and more convenient data processing. For a more adequate assessment, 2005 is used as a comparative year. After the computations, the financial data and computation are double checked in order to ensure correctness. The interpretation of the computed financial ratios are aided by the concepts and theories presented in various finance books, journals, and articles. 3.0. Company Background Ipplepen Plc operates in the UK fashion industry through the wholesale and retail of clothing, footware, and leisure equipment in the British Isles and Ireland. The business organisation has two core areas of operation: stores, which denotes to its retailing activities of clothing, footwear, and leisure equipment; and Manaton, which refers to its activities as a distribution channel of Manaton products. Aside from these operations, Ipplepen generates income from sub-let property and other property related activities. During 2006, its main operation accounts for 99% of its total turnover. Ipplepen currently employs 3762 part-time and 1786 full-time employees to man its operations. 4.0. Financial Analysis Financial ratio analysis is a very essential tool in assessing the financial health of a business entity. Financial ratios are grouped into five categories, each showing a different aspect of a company's financial operations. These are profitability ratios,