Pest Analysis Of The Bae Company Finance Essay

Pest Analysis Of The Bae Company Finance Essay This article want to analysis the five-year of financial data which from 2004 to 2008 of BAE ,in order to understand the companys business profitability and development capacity and found the further possibility to enhance the utilization efficiency of it ,so that to promote the investment activities of the enterprises business goal of maximizing value in accordance with a benign operation. Instruction BAE Systems is the merger of British Aerospace (BAE) and Marconi Electronic Systems (Marconi Electronic Systems) which was established in November 1999. In September 2004 BAE Systems acquired Alvis Vickers and merged it with its RO Defence ordnance division to form BAE Systems Land Systems.In June 2005 BAE Systems acquired United Defense and reorganised its land systems businesses into BAE Systems Land and Armaments, with Land Systems and Land Systems Hà ¤gglunds as subsidiaries of this U.S. based operating group. It is an international company engaged in the development,delivery and support of advanced defence and aerospace systems in the air,on land,at sea and in space. In 1999 the net sales of the company was 89.29 billion pounds (14.449 billion U.S. dollars)of which military sales was 5.837billion pounds. In 2000, it becamed the third of the worlds 100 largest military companies. Now, the company employed more than 100,000, and annual turnover of the company is 12.3 billion pounds and orders amounted to 37.5 billion pounds. PEST analysis of the BAE company 1.Politics. BAE Systems is a global company which conducts business in a number of regions, including the Middle East.Sales market over more than 130 countries, this brought great opportunities to the company. However,Government regulations and administrative policies of some countries could change quickly and restraints on the movement of capital could be imposed; governments could expropriate the Groups assets; burdensome taxes or tariffs could be introduced; political changes could lead to changes in the business environment in which the Group operates; and economic downturns, political instability and civil disturbances could disrupt the Groups business activities. New threats and conflict arenas are placing unprecedented demands on military forces and presenting BAE Systems with new challenges and opportunities to assist those forces in meeting changing defence and security needs.( Susana Callao,2007) 2.Economic and Society Global passenger traffic is forecast to increase by approximately 5% per year. Strong growth is expected in Asia and the Middle East and lower growth in the more mature North American and European markets. The market for large commercial jets is forecast to continue to grow on the back of rising passenger travel. Annual revenue passenger kilometres (RPKs) are forecast to grow by approximately 5% through to 2023 creating an expected average demand of some 830 aircraft deliveries a year. The US represents over 45% of the total forecast global defence spend (including equipment, personnel and operating costs) to 2010. Defense and transport development brings a huge market demand for the BAE. 3.Technology BAE Systems has played an important role in transatlantic,most notably has advanced technology in the M777 howitzer and F-35 Joint Strike Fighter programmes. The US and the UK have a long history of defence industrial cooperation that has provided significant benefits to both countries.In todays environment of coalition operations it would be the advantage of both governments and defence industries to allow and,indeed, to encourage freer technology sharing between the UK and the US. For BAE Systems an improved technology sharing environment would enable its engineers and scientists in the US and the UK to collaborate more effectively,and bring together their collective skills and expertise to the benefit of its two major customers, the UK and US governments,as well as to its shareholders. Review and anlaysis of company stratey 1.Pricing policiys. BAE companys major pricing policy is before business sales occure sign fixed price contracts with clients. Large part of the companys sales come from fixed-price contract. Because the companys largest partner is the United States, the U.S. team a great need for defense products, so the business mainly occure in sectors such as government troops, using a fixed-price sales contracts to ensure fixed sales and also to simplify transactions. 2.Market position.BAE Systems has major operations across five continents and customers in some 130 countries. Global businessof the company is based around six home markets in US, Saudi Arabia Australia, Sweden ,South Africa, and the UK. It is the worlds second-largest defense company and the third-largest Airlines defense and also the third-largest electronics Airlines. 3.Comparison with that of its competitors. The Groups business is subject to Significant competition. Most of the Groups businesses are focused on the defence industry and subject to competition from national and multi-national arms with substantial resources and capital, and many contracts are obtained through a competitive bidding process.( Tim Sutton,2004)The Groups ability to compete for contracts depends to a large extent on the effectiveness and innovation of its research and development programmes, its ability to offer better programme performance than its competitors at a lower cost to its customers, and the readiness of its facilities, equipment and personnel to undertake the programmes for which it competes. 4.Development Strategy of BAE Systems BAE Systems is a large international companies who has the responsibilities to its clients shareholders, employees and partners.Its strategy goal is to maximize the interests of shareholders. In order to achieve the companys strategic goals, the Board promotes to enhance the companys culture atmosphere and establish Operational Framework. .That is based on principles of good governance, aset of definitions, values, policies and processes that guide the companys work and behaviour, and a uesful system of delegated authority(David Tyrrall,2007). In order to realise the management of the companys business and deliver their strategy,the Operational Framework covers all wholly andmajority-owned businesses and describes the Groups mehods to its organisation, culture which including ethical principles of business conduct, values and governance framework vision, delegated authorities , and corebusiness processes. Financial Analysis for BAE Systems Industry Analysis In the global aerospace and defense industries Europe accounts for 19.6% of the global markets value. In 2004 the European aerospace and defense market grew by 0.9% which reached a value of $249.9 billion. The civil aerospace sector generated the second largest revenues in 2004, reaching a value of $62.3 billion, equivalent to 24.9% of the markets value.In the next five years, it is expected to be greatly growth. By 2009, the market is forecast to reach a value of $278.2 billion, which equates to a CAGR of 2.2% in the 2004-2009 period, higher than the global market as a whole. However, Asia-Pacific will see spending rise by 4% per annum while the US market is predicted to decline with a 0.6% rate over the same period.During thie time the third biggest aerospace and defense company it will also play an increasingly important role in operation and management in the future. BAE Systems recorded revenues of $20 billion during the fiscal year 2005, an increase of 25% over 2004. The operating profit of the company was $1.6 billion during fiscal year 2005, an increase of 16.3% over 2004. The net profit was $1 billion in fiscal year 2005, compared to a net profit of $5.5 million in fiscal 2004.Rolls Royce is the leading player in the global civil aerospace, defense aerospace, marine and energy markets. Compared to BAE systemss business performance, Rolls Royce company recorded revenues of $7.4 billion during the fiscal year 2005, an increase of 5.2% over 2004. The increase was primarily attributable to an increase in revenues from the companys civil aerospace division. The operating profit of the company during fiscal 2005 was $397.5 million, an increase of 43.5% over fiscal 2004. The European aerospace and defense market generated total revenues of $234.9 billion in 2005, this representing a compound annual growth rate (CAGR) of 1.3% for the five-year period spanning 2002-2006. The US and Asia-Pacific markets grew over the same period with CAGRs of 6.7% and 3.4% respectively, to reach the values of $502.6 billion and $157.2 billion in 2006. BAE systems occupies an important position in the industry. In the whole industry it can realized its business very well. The following financial analysis is to analyze 2004 to 2008, the specific circumstances of these years. Here collect the relevant data of the BAE for five years. These data which is important can best reflects the companys operation. The preparation of data sheets is as follow. The following analysis mairly use dynamic ratio of fixed base method and ues the data of 2004 as a fixed base period to analyze the indicators. FINANCIAL STATEMENTS Five-year summary Income statement à ®- ³ à ®- ³ à ®- ³ à ®- ³ à ®- ³ 2008 2007 2006 2005 2004 Sales including Groups share of equity accounted investments 4,459 3,916 4,007 3,697 3,063 Electronics,IntelligenceSuppo rLandArmaments 6,407 3,538 2,115 1,270 482 Programmes Support 4,638 5,327 4,615 4,660 International 3,333 3,359 3,428 3,138 Programmes 2219 Customer Solutions Support 2,856 Integrated Systems Partnerships 2,022 HQ Other Businesses 235 243 295 471 464 Intra-operating group sales (529) (673) (695) (655) (417) 18,543 15,710 13,765 12,581 10,689 Underlying EBITA6 (restated) Electronics, Intelligence Support 506 437 429 324 256 Land Armaments 566 324 168 86 (8) Programmes Support 491 456 331 261 International 35 435 412 403 Programmes 10 Customer Solutions Support 497 Integrated Systems Partnerships 95 HQ Other Businesses (101) (203) (146) (117) (50) 1,897 1,449 1,194 957 800 Profit/(loss) on disposal of businesses 238 40 13 (4) Uplift on acquired inventories (12) (44) EBITA5 2,135 1,477 1,207 909 800 Amortisation and impairment of intangible assets (424) (297) (139) (122) (110) Finance costs including share of equity accounted investments 697 93 (174) (196) (132) Profit before taxation 2,408 1,273 894 591 558 Taxation expense including shar e of equity accounted investments (640) (373) (248) (147) (219) Profit for the year from continuing operations 1,768 900 646 444 339 Profit/(loss) for the year from discontinued operations 22 993 111 (336) Profit for the year 1,768 922 1,639 555 3 Balance sheet Intangible assets 12,306 9,559 7,595 8,217 6,115 Property, plant and equipment, and investment property 2,558 1,887 1,869 1,922 1,901 Non-current investments 1,040 787 678 1,730 1,535 Inventories 926 701 395 485 498 Payables (excluding cash on customers account) less receivables (5,866) (5,373) (4,298) (4,596) (3,891) Other financial assets and liabilities 240 52 6 (7) Retirement benefit obligations (3,365) (1,629) (2,499) (4,101) (3,210) Provisions ( 845) (809) (695) (718) (491) Net tax 256 63 648 1,012 876 Net cash/(debt) 39 700 435 (1,277) (668) Disposal groups held for sale 64 137 Minority interests (55) (36) (17) (16) (10) Total equity attributable to equity holders of the parent 7,234 5,966 4,117 2,788 2,655 Financial statement and cash flow analysis, After the 2003 recession, Europes aerospace industry will experience a steady growth phase. As prediction, there will be a 3.9% annually growth, which is also reflected in BAE Systems financial report after 2004. Profitability Analysis Profitability mainly in Revenues ,Sales, Operating profit, Order book, Return on sales, Net cash, and Cash inflow from operating activitie. The company recorded revenues of $20 billion during the fiscal year ended December 2005, an increase of 25% over 2004. The operating profit of the company was $1.6 billion during fiscal year 2005, an increase of 16.3% over 2004. The net profit was $1 billion in fiscal year 2005, compared to a net profit of $5.5 million in fiscal 2004.And for the company Europe Aerospace Defense in 2005 it generated revenues of $42.5 billion, an increase of 7.7% on the previous year. The European aerospace defense market generated total revenues of $184.3 billion in 2008, representing a compound annual growth rate (CAGR) of 9% for the period spanning 2004-2008. However the BAE system has higher the average. Sales represents the amounts derived from the provision of goods and services, and includes the Groups share of sales of its equity accounted investments. Compared with 2004,the sales of BAE increased by 14.2% in 2005,2.1%in 2006,16.4% in 2007 and 37.6% in 2008. Overall,BAEs sales revenue is in a increase trend. Starting in 2006, a significant increase had been showed and compared with 2007 the sales of 2008 increased by 18%.he significant increase in sales in 2008 has primarily been caused by the Land Armaments operating group due to high armoured wheeled vehicle volumes in the US and full- year impact of the Armor acquisition. This shows that BAEs products have strong market potential. Operating profit.Operating profit is a indicatore to measure of business efficiency. BAE Systems recorded revenues of 16,671 million in the financial year 2008 which is an increase of 16.5% over 2007. For the 2008, the US which is the companys largest geographic market, accounted for 56.4% of the total revenues. Operating profit in 2008 is 2.2 times of 2004,in 2007 it increased 52.1%,from  ¿Ã‚ ¡774m in 2004 to  ¿Ã‚ ¡1177m. Operating profit is showing the trend of rising year by year reflects a good profitability of BAEs business. There is a very good market prospects of the enterprise. Inventory turnover.Decline in inventory turnover .However, when compared with the same industry Boeing it is still very high. Accounts receivable turnover in 2005 and 2006 was lower than that in the other early years. However, in 2007 and 2008, BAEs accounts receivable turnovera increased substantially ¼Ã…’Total asset turnover ratio is relatively stable, but slightly higher than the industry standard. Order book.Order book reflect the popularity of the product, it also shows the potential of products in the market.However, the number of orders can not be a comprehensive response to the operating performance of companies.Between 2005 and 2004,the order book was increasing ,while in 2006 the book order was only 31.7 bn ,reduced almost by 37%.then there was a recover and in 2008 the order book was 46.5bn although it was still less than 2004. Reduction in order book illustrates the business sales market in the shrinking.Reduction in main business volume, indicating that the development of enterprises might have gone wrong strategy. Return on sales.From the table it can be seen that the return on sales is increasing year by year , But the order is indeed the in reduction.The Prorfit for the year in 2006 is very high however the cash inflow from operating activities in this year was the lest. It may be there is something can not be reflect in the financial report, the other businesses increasing cause income to increase,so it is not be reflect in the financial report which is about the return on sales. Cash inflow from operating activitie.Cash inflow from operating activities is used to determine the the actual gap between companys operating cash flow and financial reporting operating income or net income. (Hans,2007) . From the table that the operating business cash flow show a downward trend during the five years.That is to say compared with 2004 the cash inflow from operating activities reduced by 10.7% in 2005, 61.1%,in 2006, 8% in 2007, 14.5%, in 2008.The 2008 reduction in operating business cash flow largely reflects utilisation of Saudi Typhoon advances received in 2007 and an agreed repayment to the UK Ministry of Defence in respect of the Astute programme.However, it reflacted there is something wrong with the companys cash flow. Net cash. The cash flow was  ¿Ã‚ ¡700m in 2006,however, in 2007 it reduced by 28% and becomed to  ¿Ã‚ ¡435m,even worse in 2008, it is only  ¿Ã‚ ¡39m. In 2008, 83.43% of the cash flow ratio is too high compared to the same industry. Capital utilization rate is low, so a decline in cash flow to investors is a positive message. And in 2008 29.65 percent of the cash-flow ratio compared to the industry is relatively high. The company Europe Aerospace Defense recorded a net cash of $2.1 billion up 40% in an average . The reduction of the net cash flow shows that there is some problem in the cash inflow of the company,it may have a bad effect on the operating and develpoment of BAE. However overall level still very high for the company . Solvency analysis. Overall there is a very strong solvency.In particular, in year 2005 and 2006, current ratio were more than 2 ¼Ã…’quick ratio exceeds 1.But it is also the performance of the low efficiency of fund utilizationà £Ã¢â€š ¬Ã¢â‚¬Å¡Although the 2007 and 2008, the flow rate and the liquid have declined more .But does not affect the solvency ¼Ã…’and the increased utilization of funds. Assets is responsible for rising rates, leading to long-term solvency has been reduced low ¼Ã…’But the asset-liability ratio does not exceed 50% ,the long-term solvency remains strong. Analysis of share price performance Comments on company management/board of directors and the stock market The Board promotes a common culture and identity through the Operational Framework. It sets out the way we do business and what it means to be part of the Group. It is the Groups framework for a sound system of internal controls. All employees are required to comply with the Operational Framework in their business conduct. The BAE Companys TSR (share price growth plus dividends) ranking relative to a comparator group of 18 other international defence and aerospace companies such as Boein,General Dynamics,Raytheon ,Cobham,Dassault Aviation,EADS,Embraer PN,Finmeccanica and so on.. None of the shares vest if the Companys TSR is outside the top 50% of TSRs achieved by the sectoral comparator group and 100% vest if it is in the top quintile (ie top 20%) as set out below(Herve,2006) Rationale for performance measures: importance to major investors as an indication of both earnings and capital growth relative to other major companies in the same sector and to ensure that awards only vest if there has been a clear improvement in the Companys performance over the relevant period. EBITA . EBITA refers to a companys income before the deduction of interest, tax and amortization expenses. It is also consistent with the profi t measure which is used by BAE to analysis internal performance and as a measure of operating profitability that is comparable over time.à £Ã¢â€š ¬Ã¢â‚¬Å¡Underlying EBITA increased 86.7% in 2008 which reaches to  ¿Ã‚ ¡1,897m compared with 2004,and 31% compared witn 2007.according to the calculation ,compared with 2004, EBITA increased 45.4% in 2007,18.8% in 2006 and 16.3% in 2005. Underlying EBITA during the five years is increasing growth all the time . View of the circumstances from the BAE, there is a very good return on investment .That is very likely to achieve value and hedging to buy its stock. Underlying earnings per share. From the table it can be seen that Underlying EPS is 37.1p in 2008 which increases 23% compared with last year.And there is a 28.1% increase in 2007, 30.6% in 2006,29.3% in 2005.All these increase are compared with the year brfore. Companies and the stock market do not like fluctuating EPSs. In the past BAE EPS growth rate 35.25% ¼Ã…’growth potential is still very good and EPS Stability is very good too.Companies operate is stable and reasonable. The Underlying earnings per share of BAE does not fluctuate badly,so it is good for its sharehooders.And Underlying EPS continue to rise mainly reflecting higher underlying EBITA of the BAE. BAE as an aviation industry leader ¼Ã…’in the 2004-2008 years, the companys revenue and profit growth.From 2006 to 2008 BAEs profitability continued to rise.In particular, rising faster in 2008. Recommendation to investors Based on the above analysis,it can be seen the companys operating capacity is very light, and development prospects is very good,its position in the industry is also high. The company will continue to develop, and will continue to grow. With the recovery in economic development, the companys operations development will gradually resume, which will cause the Companys stock price rebound. Therefore, the long-term investors can look up a little,and continue to hold its shares, to realise the purpose of increasing the value of their money. For short-term investors they will have to stage development according to the company, select the appropriate strategy to achieve their own purposes. SWOT ANALYSIS Strengths Weaknesses BAE achieved with many business acquations, and establish friendly and long-term relationship with the United Kingdom and other countries, through the merger, the companys growth has been greatly improved. Diversified business The company has advanced technical level. Strong growth in revenue and profits Relatively low employee productivity Unfunded employee post retirement benefits Sluggish performance in key segments Fixed-price contracts risk The Group is exposed to risks inherent in operating in a global market. The Group is involved in consortia, joint ventures and equity holdings where it does not have control. Opportunities Threats With the intensification of regional conflicts more demand for defense products is also increasing, thus creating a large demand for the companys products, especially the United States, defense products demand is very huge. Huge international market and the demand for defense products offers great opportunities for BAEs development. Growth in global aerospace and defense Intense competition High dependence on government contracts Recommendations Minimize the fixed-price contract and control the initiative rests in its own hands.At the same time to manage contract-related risks andà £Ã¢â€š ¬Ã¢â€š ¬uncertainties, contracts are managed through theà £Ã¢â€š ¬Ã¢â€š ¬application of the Lifecycle Management (LCM)à £Ã¢â€š ¬Ã¢â€š ¬business process mandated by the Groups Operationalà £Ã¢â€š ¬Ã¢â€š ¬Framework at the operational level ¼Ã… ½(Flower,1998) The Group has formal systems and policies in place which are mandated under the Groups Operational Framework to ensure adherence to regulatory requirements and to identify any restrictions that could adversely impact the Groups future activities. The Group has formal systems and procedures in place to monitor the performance of such business arrangements and identify and manage any adverse scenario arising. In order to protect itself against currency uctuations, the Groups policy is to hedge all materialrm transactional exposures, unless otherwise approved as an exception by the Treasury Review Management Committee, as well as to manage anticipated economic cash ow exposures over the medium term. Conclusion BAE in a leading position in the aviation industry .Both operating profit margin or asset turnover ratio is higher than the level of the same industry.However, compared with other companies in the industry, the use of financial leverage is not very good, capital utilization rate is not high. From the above there is still great room for BAE development.The future development considerations from the following two ¼Ã… ¡One is to raise operating margin ¼Ã…’Second, make full use of financial leverage effect,because of its financial leverage below the level of the same industry. The most important thing for the company is upgrading in innovation and technological.Encourage the development of a new ideology ¼Ã…’new technologies and new ways of working and bring them with a lasting competitive edge. And for the investors, because in the past BAE EPS growth rate 35.25% ¼Ã…’growth potential is still very good and EPS Stability is very good too,so they can buy stocks of the company at present time.( David Tyrrall,2007)Under the financial Crisis, government purchases declined, but as the recovery of the financial environment the companys business will increase, operating profits will increase substantially.Therefore, with the improvement of operating conditions the stock price will be in a good direction.

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The attacks of 9/11 in 2001 shed a light on many different weaknesses relevant to the security of the United States regarding communication, and disaster response. On every level of government— federal, state, and local— substandard communication methods contributed to the deaths of nearly 3000 people, as well as the growing number of people dying from illnesses that resulted from participating in the cleanup at Ground Zero. There were many communication challenges faced by agencies tasked with responding to the incident, and particularly in the case of law enforcement, these problems likely resulted in more fatalities than would have occurred had better systems been in place. This paper will discuss the communication problems that surfaced during the 9/11 disaster, the results of those problems, and the measures that have been taken to respond to those inadequacies. On September 11, 2001, two airplanes originating in Boston were hijacked and flown into the World Trade Center in New York City. Initially, it was unclear that the impact had been intentional, but when the second plane hit, it was evident that this was a terrorist attack. Ultimately, the two buildings collapsed because of the heat of the fire that ensued from the plane crash. Within the next hours, another plane hit the Pentagon and a fourth plane that was hijacked crashed before it reached its destination because the passengers had been able to take control of the plane. They prevented the hijackers from reaching their target, believed to be either the Capital Building or the White House, but the plane crash landed and all aboard were killed. The 9/11 Commission Report indicated that there were several fateful failures of communication at the level of the federal g... ...anslates into virtual remote offices in the vehicles of the NYPD and the FDNY. The events of 9/11 were a tragedy, and resulted in thousands of losses and injuries of first responders, civilians, airline pilots and crew, and many other groups of people. The event also resulted in the loss of a sense of security previously held by people in the United States, and the scope of the incident required the entire infrastructure and security system of the country to be reevaluated and enhanced. Although certainly all that occurred on that day must be considered devastating, it served as a wake-up call to federal, state, and local officials regarding the need for coordination and communication between relevant agencies. It appears that there have been significant advances in these areas since 2001, but the whole issue of communication is a work in progress that must continue.

How Far Do You Agree That the 1867 Reform Act Was Sucessfulte Essay

Additionally, the 1867 Reform Act also had a significant impact on the issues that were being addressed by politics. Whereas before, the aristocracy had basically decided what happened in the country, the act meant that issues were being brought to light that had never been discussed properly in public before. This was very important as it not only changed public but it also changed society too. Issues such as the legislation surrounding drinking, education and taxation were now being impacted on by the public actually expressing their feelings about them and this determined that the act had changed entirely how people viewed politics by shifting their focus from the individuals within politics to the actually political interests that they represented. For the first time, the act seemed to allow working-class people to feel indignant at how they were labelled uneducated within society and how they were blamed for society. It could be said that the Reform Act’s most important outcome was encouraging people to now speak up for what they believe in and to create a true democracy by exposing the flaws of the current political system that had kept hidden a system of suppression underneath a pretence of democracy. On the other hand, this outcome can be seen once again to only be attributing more to the argument that the most important outcome of the 1867 Reform Act was that that it had on the political parties. Whilst it did change the people, it also meant that individuals like Gladstone and Disraeli had to develop stronger personalities, more influential public speaking and just generally a more recognisable persona to get attention off the people and this changed politics, starting to transform it to what we recognise today with politicians attending school fairs and opening museums to get positive publicity. Whilst all of these outcomes were extremely important at the time, perhaps the most long-term and recognisable of all of the outcomes was the effect that the 1867 Reform Act did have on the political system and in particular, on the Liberals and Conservatives parties. Source 7 supports this view by introducing us to the idea of the ‘political machine’. The source shows how the Reform Act of 1867 meant that the political parties had to actually properly compete and make, sometimes unrealistic promises, to appeal to voters. It shows how this means that electioneering, the way the parties portrayed themselves and presentation of issues became much more important as politics became national and rotated around moral issues. Indeed this view does have a lot of weight in an argument. The political parties now were having to tread a careful line and keep a balance between the conflict of alienating the people with revolutionary political ideas and immediate actions to secure themselves as the strongest political parties. This meant that the Liberals and the Conservatives had to become united and professional. This impact was important as it meant that the political loyalty was created that we can recognise in politics today. Previously, parties had split up and conflicted over issues but following the act, politicians were forced to admit that they had to remain loyal to their own political party in order to get any success within the political circumstances. This outcome is so significant as it created the strong link that still exists today between political parties and the voters. The two different parties had to go to what they saw as extreme lengths to secure voters’ loyalty and to encourage them to vote. This included the setting up of party clubs and trips to places such as the seaside as rewards for people who promised to vote for a certain political party. In a way, it shows how this outcome was significant in advancing political organisation and professionalism yet in other ways it just maintained the old influential schemes that politicians used but at last, they had to actually be clever to use these rather than to blatantly bribe and influence people. They could still influence people, just as they had done with the open ballots, but this time they had to do it with rewards and false promises. To a certain extent, this can still be seen to be happening in our political system today. In conclusion, there were many outcomes of the 1867 Reform Act and all of these were significant in their own way. The impact of these can be seen clearly by the fact that they have triggered features of our own political system today, such as strong political personalities for politicians and ‘image-conscious’ newspapers and magazines. However, these all contributed to allowing the Liberals and the Conservatives parties to change and whilst individually they were significant impacts, the effect that they had on electorate always corresponded with an effect on the political parties. In this way, the most significant outcome of the 1867 Reform Act was the impact that it had on the Liberals and the Conservatives parties yet this would not have been significant or even have occurred independently of the impact that the act on the electorate themselves. This means that whilst we can identify an outcome of the act as the most important, it simply would not have had the effect that it did have without the other outcomes of the act, meaning that collectively they are important and making it extremely difficult to label the importance of the outcomes.

Elizas Transformation in Shaws Pygmalion Essay - 2244 Words

Pygmalion by George Bernard Shaw is a play that shows a great change in the character Eliza Doolittle. As Eliza lives in poverty, she sells flowers to earn her living. Eliza does not have an education. This shows through the way that she does not have the most proper way of speaking. This happens through when Eliza is speaking to the other characters when she meets then when she is still at a low level of poverty in her life. To understand the reasons Eliza is able to change and be changed into an almost Cinderella like character. With Eliza going from and growing and changing through the hardship she faces. In the play Eliza begins with no confidence and works towards having a way to reach trough from learning during her life†¦show more content†¦Showing ideas about Eliza’s problems how she begins with limited freedom then shows her strong will and changes into a Cinderella like character. When meeting the people who will be in their future who they soon meet while still living in the society standards of poverty. Showing the poverty, which Eliza comes from is that Eliza is a poor flower peddler, someone who is selling flowers, who is only ending up having her flowers damaged by Freddy. Eliza cleverly is able to convince the mother Mrs. Eynsford Hill to but the damaged flowers. When this all begins this the first low point of Eliza’s and she dose not know it is her beginning of a new way of life. All before Eliza is chosen as the subject to be transformed in to a duchess like person: Liza (picking up a half-crown): Ah-ow-ooh! (picking up several coins) Aaaaaah-ow-ooh! (picking up a half-sovereign) Aaaaaaaaaaaah-ow-ooh!!! Freddy (springing out of a taxicab): Got one at last.... Freddy: and left me with a cab on my hands. Damnation! Liza (with grandeur): Never mind, young man. I’m going home in a taxi. 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The portrayal of class identity in Shaw’s play appears to be a criticism of the distinctions between high society and the poorer classes in Victorian England. Shaw’s aim was to portray how the upper-crust of Victorian society viewed the lower classes, as evidenced by Higgins’ treatment of Eliza upon her first visit to his labor atory; Higgins treats her as though she is too stupid to understand that he is insulting herRead MoreAppropriation Of A Key Text From The Past1364 Words   |  6 PagesYear 11 Preliminary Extension English 2015 Essay: Appropriation of a Key Text From the Past Pygmalion – George Bernard Shaw Pretty Woman – Garry Marshall (dir.) 1990 Question: How have the texts you have studied explored social values? George Bernard Shaw’s play Pygmalion and its appropriation, the movie Pretty Woman directed by Garry Marshall both explore the social values of class, namely the construction of the class system and class divisions, individual independence of the female heroine inRead More Eliza as a Strong, Assertive Woman in Pygmalion Essays600 Words   |  3 Pages nbsp;Eliza as a Strong, Assertive Woman in Pygmalionnbsp;nbsp; Bernard Shaw’s comedy Pygmalion presents the journey of an impoverished flower girl into London’s society of the early 20th century.nbsp; Professor Higgins proposes a wager to his friend Colonel Pickering that he can take a common peddler and transform her into royalty. Eliza Doolittle is the pawn in the wager. But little does Higgins know the change will go far beyond his expectations: Eliza transforms from a defensive insecureRead MorePoverty: The Most Difficult Way of LIving816 Words   |  3 Pagesleads the poor to struggle from day to day, which makes no impact on human lives. If such poor person has given an opportunity to make changes to lives, he or she will try to utilize the opportunity to bring changes to his or her life. Bernard Shaw’s â€Å"Pygmalion† is about the life of a poor, young flower girl who has been overlooked and disrespected because of her shabby appearance and the language she speaks. As Huxley rightly says in his essay, â€Å" Stinking rags or clean linen, liveries, uniforms, canonicalsRead MoreThe Themes of Pygmalion, by Bernard Shaw Essay821 Words   |  4 PagesThe play, Pygmalion, by Bernard Shaw is about a phonetics expert who makes a bet that he can pass a Cockney flower girl as a duchess in the matter of a few months. This girl, Eliza does achieve the transformation, but at the expense of a familiar life in the gutters, and risks being caste off into the world with nowhere to turn. This play explores many themes, has extensive use of symbolism, interesting tonality, irony, and the play itself is an allusion to ancient Greek mythology. The majorRead MorePygmalion And My Fair Lady1449 Words   |  6 PagesAmanda Franks Professor Egenolf Response Paper 2 11/11/2015 Pygmalion and My Fair Lady: A Comparison George Bernard Shaw’s Pygmalion (1916) and the 1964 American film My Fair Lady, based on Shaw’s play, are largely similar in plot and character choice; My Fair Lady being an adaptation of Pygmalion. Shaw’s Pygmalion is based on the Greek myth of Pygmalion and his statue Galatea. The film interpretation is similar to the play in many aspects, though it is different in that, because itRead MoreEssay on The Analysis of the Transformation of Eliza895 Words   |  4 PagesThe play Pygmalion describes the process of the transformation of Eliza, who appears in three images in the story: Eliza begins as a flower girl, then she transforms into a lady with noble accent and in good manners, then an independent woman with self-respect and dignity. By naming his drama Pygmalion, Shaw reminds people of the ancient Pygmalion Myth. Pygmalion, a sculptor, makes a beautiful statue and falls in love with his own creation. He prays that life may be granted to it. The godsRead MoreInequality And Consumption On Pygmalion And Goblin Market1637 Words   |  7 Pages Bestolarides 1 Paul Bestolarides Professor Shinbrot HRS 202 12 December 2016 Inequality and Consumption in Pygmalion and Goblin Market Literary works, in Victorian England, became a tool in expanding the way people thought and behaved, outside of societal bounds. Authors who wrote about these works had recurring themes focused on the inequality of females in their respective roles. George Shaw and Christina Rossetti are pivotal writers who provide awareness of gender roles and how they functionRead MoreG. B. Shaws Pygmalion2306 Words   |  10 PagesLike all of Shaws great dramatic creations, Pygmalion is a richly complex play. It combines a central story of the transformation of a young woman with elements of myth, fairy tale, and romance, while also combining an interesting plot with an exploration of social identity, the power of science, relations between men and women, and other issues. Pygmalion is one of Shaws most popular plays as well as one of his most straightforward ones. The form has none of the complexity that we find in Heartbreak