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Financial Analysis of Kellogg's - Essay Example It adds to the impression of the customers as to how well they're doing and at the same time gives challenge to its competitors. This section roughly discusses the financial performance in a six-year time (2000-2005). At a particular year, 2001, Kellogg Company released its own financial analysis of that year giving explanations and answers to the growth in the proceeding years. An apparent growth has been observed right from 2000 to 2005 in Kellogg's financial performance. Comparisons are often useful within a company to become aware of changes in financial relationships and significant trends. In the Intracompany Basis, a comparison of current year's cash amount with the prior year's cash amount shows either an increase or decrease. And within the span of 6 years (2000-2005), it is very useful to compare such cash amount from the first year (i.e. 2000) compared to the last year of comparison (i.e. 2005). Cash amount gained or lost may vary from 2000-2005. The proportion of total assets in the form of cash can be shown through a comparison of Kellogg's year-end cash amount with the amount total assets at year-end. Furthermore, in order to provide insight into Kellogg's competitive position, it is also practical to compare it with other companies. Correspondingly, Kellogg's total sales for the year can be compared with the total sales of its competitors such as Quaker Oats and General Mills which both obviously competes in the market. Taken as a whole, comparisons with industry averages will provide information about Kellogg's relative position within the industry. Then, Kellogg's financial data can be compared with the averages for its industry compiled by financial ratings organizations such as Dun & Bradstreet, Moody's, and Standard & Poor's. Kellogg's 2000 Financial Analysis In 2000, Kellogg Company achieved growth in net earnings and earnings per share, excluding charges, despite softness in the Company's U.S. convenience foods business, higher energy prices and interest rates, weak foreign currencies, and inventory write-offs in Southeast Asia. Through manufacturing efficiencies, reduced advertising and overhead expenses, and recognition of benefits related to U.S. tax credits, the Company was able to withstand despite such factors. 2000 1999 1998 Net earnings $597.7 $339.3 $502.6 Net earnings per share $1.45 $0.83 $1.23 Due to the previously stated factors or charges, there are exclusions from the results of operations in the following sections for purposes of comparison between years. The year 2000 and 1999 have been compared excluding charges, net earnings and earnings per share in the below table: 2000 1999 Charge Net earnings $651.9 $606.2 +7.5% Net earnings per share $1.61 $1.50 +7.3% The full-year increase in earnings per share of $0.11 consisted of $0.02 from business growth and $0.11 from favorable tax-rate movements, partially offset by $0.02 from unfavorable foreign currency movements. Kellogg's Company then continued to lead the global ready-to-eat cereal category in 2000 with an estimated 38% annualized share of worldwide dollar sales. Category share for the Company's operating segments was approximately 31% in the United States, 43% in Europe, 60% in Latin America, 45% in Canada, 57% in Australia, and 50% in Asia. The growth achieved by Kellogg's Company by the end of 2000
In what ways does Campus Journalism become a good ground for developing Nationalistic Ideals? Maria Blandina Pamaong fondly known by her friends as â€˜Indayâ€™ wakes up at four in the morning to prepare her goods and products for her eighteen year old small business. She lives in Capitol Valley just a trek away from BIT Dao. In a 4 kilometer drive with her husband Marito in a tricycle, they carry all their goods all the way to the Tagbilaran Rizal Park and reach there by 6:00am. They stack and arrange thee products neatly for the benefit of passers by. Sheâ€™s now 47 years old and has been this woman whom I buy the sweetest popcorns and snack from, every time I go to the church across the road. And Iâ€™ve been buying from her ever since I could remember. At the same time, she had been a witness of different stories in Rizal Park as far as she could recall when she started. She has four children. All of whom are boys. The eldest, Marito, Jr. , just graduated at BISU MC with the course of something Automotive Mechanic and is now in Cebu. Following him, Marc Anthony is now in Cebu Philippine State College of Aeronautics. And the other two, Matthew and Vincent are studying high school at Dr. Cecilio Putong National High School (DCPNHS). You didnâ€™t think she was some kind of low profile nothing, right? As far as I can tell she was able to send them to school with a 500Php daily income from her small business and their tricycle. To add, â€˜Indayâ€™ has worked her way to graduate of Bachelor of Science in Commerce at Holy Name University (HNU). You see, I find her the best person to answer my question above. And it is because she is part of the common â€˜pinoyâ€™. She is the witness, the spectator of unwavering events that does seem to shape our ideals today. And she is also the testimony to the positive nationalistic ideals that is either preserved or annihilated. Similarly, her experiences speak of the ideals that she has cultivated and the dreams that were forgotten. For instance, she has encountered many young Filipinos dating in their vulgar exhibit of Public Display of affection (PDA). Many of these students are in their school uniforms. They go frolicking as if theyâ€™re proud that theyâ€™re doing it while theyâ€™re from a catholic school. She has also bared the irresponsible littering done by many. They cast trash as if it was nothing harmful. In other occasions, she finds joy among volunteers who are very cooperative especially towards keeping the park clean. They have also blessed them with gifts and packed lunches especially during Christmas season. She is glad that thee people are compelled to share what they have gained. And when I reached to that question, she was assured of her answers. First, she shared the nationalistic ideals she adheres. She enumerated hard work, respect, self-discipline and self respect as the ideals she yearns for everyone who has neglected them. Afterwards, she said that the affectivity of journalism as a ground for developing these ideals will depend upon the people. Will they do something after theyâ€™ve read an article like this? Will they respond for the greater good? She even said that when those who see the signs like â€œkeep off the grassâ€, they will have different reactions. The other one would probably follow it and another wont. Likewise, she agrees that campus journalism is a good ground for the development of nationalistic ideals. â€œMaayo na lang ng nay naningkamotâ€, she affirms. We both agreed that it does become an excellent ground by reminding and guiding us into noticing the ideals that we should regain. People will always respond to these guides in different ways. Just like her children, they answer differently to her concerns. She says that with higher technology among the new generation, it is indeed great. It is absolutely immense to have journalistsâ€™ and campus journalism to wake and endorse the ideals that weâ€™ve grown to and may have been lost. It is amazing too that this came from her. All this is from a persistent vendor, under a coke tent in Rizal Park just across the St. Joseph Cathedral. And that this lady, whose hobby was reading romantic and horror books, looks forward. She positively looks forward for journalists who will write for the betterment of the Filipino nationalistic ideals engraved to every Filipinos mind and heart.
Impact of Childhood Attachment and Separation Experiences upon Adult Relationships Abstract This qualitative research was conducted to ascertain if the attachment style a person has as an adult is created or influenced by his/her interactions with early childhood experiences. The research was carried out by means of a thematic analysis of an interview of a married middle-aged couple. The interviews bought the themes of Work, Childhood and Relationships to the foreground and these were analysed to establish if there is a connection in our childhood attachments and those we make as adults. It can be seen that there are similarities to the attachment types of infants compared to those that emerge as adults although individual differences and life experiences also have a part to play in our capacity to form secure adult attachment relationships. Introduction The general principle behind attachment theory is to describe and explain peopleâ€™s stable patterns of relationships from birth to death. Because attachment is thought to have an evolutionary basis, these social relationships are formed in order to encourage social and cognitive development, and enable the child to grow up to â€˜become socially confidentâ€™ in adulthood. The assumption in attachment research on children is that sensitive responses by the parents to the childâ€™s needs result in a child who demonstrates secure attachment while lack of sensitive responding results in insecure attachment. John Bowlby who attempted to understand the distress infants experience during separation from their parents originally developed this research. Bowlby saw attachment as being crucial to a childâ€™s personality developing and to the development of relationships with others later in life. This theory has its foundation in vertical relationships i.e. Primary Care Giver/Child, while on the other hand in The Nurture Assumption, Judith Rich Harris (1999) suggests that it is the peer groups that have the strongest control in shaping how that child will grow up and that parents have very little influence over the matter, this is known as a horizontal relationship. In developing and classifying infant behaviour Mary Ainsworth who worked with Bowlby for a number of years developed a method of gauging attachment in infants, in an experiment known as the â€˜Strange Situationâ€™. This involved observations in la... ...ng to see Jo smile and raise her eyebrows when Tony says at the beginning of the first interview he is â€œFairly easy goingâ€. It led me as a researcher to think that perhaps this was not actually the case, in Joâ€™s opinion. Actions like this give the interview a complete different angle, and can add tremendous information to the final interpretation of what is said. References Wood C, Littleton K & Oates J, Lifespan development, Chapter 1 in Challenging Psychological Issues by Cooper T and Roth I (eds) The Open University, Milton Keynes, 2002. Ainsworth, M.S., Blehar, M.C., Waters, E. and Wall, S. (1978) Patters of Attachment: A Psychological Study of the Strange Situation, Hillsdale, NJ, Erlbaum Goodley D, Lawthom R, Tindall C, Tobbell J, Wetherell M, (eds) (2003) Methods Booklet 4 â€“ Understanding People: Qualitative Methods. Open University Press. Banister P, (ed) (2003) Methods Booklet 5 â€“ Qualitative Project. Open University Press. Harris, J.R. (1999) The Nurture Assumption, London Bloomsbury. Research Methods in Psychology DSE 212 Video 1 â€“Part 4: Interviewing, Milton Keynes, The Open University. Appendix Appendix A -Â Â Â Â Â Annotated copy of transcript.
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