Financial Analysis of Vodafone

Financial Analysis of Vodafone Vodafone group PLC is a British multinational mobile network operatorheadquarter in Newbury, England. It has formed in 1984 as a subsidiary of recal electronics PLC. It became an independent company in 1991 and changed its name to Vodafone group PLC on 2000.Vodafone is a world leading mobile telecommunications company. Vodafone provides a wide range of Communication services, including voice calls, SMS text messaging, MMS picture and video messaging, internet. Access and other data services Vodafone is the world largest telecommunication network company with 146 subsidiaries Vodafone directly own and manage about 2,200 stores around the world and they also have around 10,300 Vodafone-branded stores run through franchise and exclusive dealer arrangement, An industry with 5.6 billion customers with growth driven by increasing global demand for data services and rising mobile penetration in emerging markets. TYPES OF ORGANIZATIONS An Organization is a group of people that working together towards a common goal. There are 2 types of Organizations. Private Sector Public Sector Private Sector It is the part of national economy that is not directly controlled by the government. It provides more job opportunities for the people. So they will give a good support to the government. Private Sector includes sole traders, partnerships, joint ventures, limited companies, Co-operatives, clubs and societies. Sole Trader ship It has no complexities, with minimum interference of statutes, which is run by a single individual with his own capital, the decisions too being taken by himself. The most common business unit of the world is these. The main reason for this is that, ability of this business to be carried on without the necessity for adherence to rules. Partnerships It is a legal relationship between two or more individuals who are working together to achieve a specific goal. They should have an intention to earn profits, Collective responsibilities and a common destiny or goal. Joint ventures It is a short term association of a few persons in order to accomplish a specific task. Generally they do not use a business name. The joint venture is dissolved when the specific task is accomplished. This is a short term business type. Incorporate Companies In Sri Lanka institution registered under the companies ACT NO.7 OF 2007 is considered as an incorporated company. It includes Limited Companies, Companies limited by guarantees, unlimited companies, Offshore Companies, Foreign Companies. Public Sector It is the part of an economy that is directly controlled by the government. Public Sector is the largest sector of any economy in the country. It provides basic goods or services that cannot be provided by the private sector. It includes Gov. Departments, Gov. Corporations, and Gov. Companies. It is also known as State Sector or the Government Sector. Responsibilities of stakeholders Stakeholders are individuals, groups or organizations that have an interest in the activities and behavior of a business. They can be internal stakeholders, like employees and partners, or external, such as customers, suppliers, government or the media for example. All stakeholders can influence as well as be influenced by Vodafone. Every Stakeholder has responsibilities towards the Vodafone to achieve vodafones goals and objectives. Owners and share holders As the owner of a business, it is the responsibility to pay for employees and provide them with proper benefits, including sick time and health insurance. Aside from payment and benefits, responsibilities of an entrepreneur include listening to employee concerns keeping employees in good working conditions, and hiring and firing employees when needed. Managers The manager must be able to ensure that all requirements of his department are met on time and motivate employees to perform at their highest capabilities. He must also know exactly what each of his staff is capable of and give them work that they can complete effectively while also challenging them to achieve more. Staff and employees They have to perform their tasks carefully, keep business and professional secrets confidential. They have to follow the supervisors instructions and improve their abilities and skills. They have to be honest and polite to the company. Customers After using goods or services they have a responsibility to give feedback to the company. Customers have to provide clear and correct information about their needs and wants. And they have to give the correct information required. They have to be loyal and honest to the company. Suppliers They have to supply the good quality products to the company at right place at right time. They have to be honest to the company. Have an effective communication process with the company. Government They provide rules, regulations, lows, and policies for business. They have to find weather the business is legal or not and they can provide licenses for the sensitive products. Identify Vodafone profile Mission statement; To enrich customers lives through the unique power of mobile communication Vision statement; To be the worlds mobile communication leader Goals Goals are the clearly stated objectives of the company, Vodafone has stated six global strategic goals Delight our customers Built the best global Vodafone team Leverageglobal scale and scope Expand market boundaries Be a responsible business Provide superior shareholder returns Values Values are the beliefs of an individual or a group. Vodafone has four core values described internally as passions For customers For results For Vodafone people For the world around Vodafone Vodafone growth Vodafones Key revenue performance indicators Vodafone group PLC has shown their growth of revenue in this table. We also aim to lead the tablet segment, which is growing rapidly. We were the first operator to launch an Android Honeycomb tablet with the Samsung Galaxy Tab 10.1v and we have started to distribute the Apple iPod 2. During the year we introduced the Vodafone K4605 USB stick which provides theoretical peak data download speeds of 42.2 Mbps using 3G/HSDPA technology and a 4G/LTE USB stick which has the potential for faster download speeds. We also launched Vodafone WebBox and Vodafone TV services (Annual report-2011 page23). Vodafone market share We can clearly identify the market share of the Vodafone group has increased rapidly year by year. The good will of the vodafone has increased by providing perfect service for thie customers and could have create loyal customers. Different types of economic systems Capitalism (market economy) Capitalism is an economic system in which the means of production are privately owned and the firms mainly target profits, in competitive markets. it is known as market economy because it is seek to maximize satisfaction or profit through own decision regarding consumption or production. Characteristics all resources are owned by individuals The decisions about the allocation of those resources are made by individuals without government intervention No significant economic role for government is necessary. The concept of supply and demand plays a role in determining the pricing structure A market economy encourages competition. The U.S. is most commonly example for market economy which had many provisions that facilitated and protected the market economys characteristics.. Advantages: The market gives producers an incentive to produce goods that consumers want. The market provides an incentive to acquire useful skills. The price system encourages producers and consumers to conserve scarce resources. Disadvantages (1) A private market economy may be quite unstable (unemployment, inflation, growth) (2) Business may simply satisfy the wants they have created through advertising. (3) Prices may affect to the consumers (4) Markets just do not work in some areas such as public goods, and national defense Socialism (command economy) Characteristics The government creates a central economic plan for all sectors and regions of the country. The government allocates all resources according to the central plan. The goal is to use the nations capital, labor and natural resources in the most effective way possible The central plan sets the priorities for production of all goods and services. The goal is to supply enough food, housing and other basics to meet the needs of everyone in the country. Cuba, North Korea, China, Russia and Iran are the most commonly examples of command economies. Russias Go plan has been the most studied. It was also the longest running, lasting from the 1930s until the late 1980s. Advantages The govt. Will ensure a more equal distribution of income and wealth Essential goods/services will be provided to the community The govt. Can determine which goods are produced. 1. There is little consumer choice. 2. Little variety of goods and services 3. Loss of individual freedom 4. Leads to allocate and productive inefficiency 5. Subsidies on essential goods and services quickly lead to shortages. Mixed economy A mixed economy is an economic system that incorporates aspects of more than one economic system. This kind of economic system has both privately-owned and state-owned enterprises or that combines elements of capitalism and socialism, economic systems. Characteristics private sector business activity encouraged. taxes used to collect revenue to pay for state goods and services. The government also provides services such as education, health, military defense, legal and infrastructure to society. The government plays an important role in resolving economic problems faced by society advantages less inequality of income because intent of government is to have a balanced economic growth of an economy. allows individuals to run their business and make profits Goods and services are produced to benefit the society rather then to benefit the economy. Fiscal policy Fiscal policy is the use of taxes and government spending to control the economic activity of a country.the government uses this policy to continue, Economic growth Price stability Full employment Expansionary fiscal policy Before the government spending increase and before the tax rate reduction or both GDP is low because the price level of the economy is low. After increase G and reduction T, GDP is high because increase of the AD. Shifting the graph to the right. (AD to AD1 )This is accomplished by increasing aggregate expenditures and aggregate demand through an increase in government spending or a decrease in taxes. Expansionary fiscal policy leads to a larger government budget deficit or a smaller budget surplus. Crowding out effect C:Documents and SettingslankaDesktopquestion_24.gif Contractionary fiscal policy Before the tax increase and government spending decrease or both GDP is high because price level is high. After increase tax and decreased government expenditure increased AD is low, GDP is low and price level is low. Contractionary Fiscal Policy creates budget surplus shifting the graph to the left(AD1.to AD) . monetary Policy Monetary Policy consists of change in money supply to influence interest rates and thus the total level of spending in the economy. Monetary policy tools are, Open market operations This is the most important instrument to control the money supply and demand of the economy.FED buying bonds from banks and public to expand monetary policy by increasing bank reserves. FED selling the bonds to the bank and public to tight the monetary policy by reducing the bank reserves. Reserve ratio It is Designed to change the amount of required reserves. FED raises the ratios to cantrction the monetary policy. It means bank loose the reserves and reduce the ability of the creating money. FED lowers reserve ratios to expan the monetary policy, banks gain tha reserves and ability to create money. Discount rate Interest rate charge by FED on the loans they granted to commercial banks. Easy money policy (Contractionary monetary policy) It is the monetary policy that seeks to increase the size of the money supply by buying securities, lower the reserve rate and lower the discount rate. These all directly impact the interest rate.FED increase bank reserves by purchasing securities and at the lower rate bank can keep more money in the volute and create money. C:Documents and SettingslankaLocal SettingsTemporary Internet FilesContent.Wordfig115.gif It is the monetary policy that FED seeks to reduce money supply in the market by selling securities, increasing the reserve rate, and rising the discount rate. It is causes to reduce bank reserves and volute money at banks. It is decrease money supply in the economy. In the curve shifted to the left (Ms1 to Ms2) Fiscal policy impact to the Vodafone UK Because of the UK statutory tax rate reduced to 26%, effective from 1 April 2011 and the impact on the year end tax balances. EBITDA increased by 8.0% with the EBITDA margin increasing by 0.7 percentage points, reflecting higher service revenue. A shareholder in the Company who is an individual resident for UK tax purposes in the United Kingdom is entitled, in calculating their liability to UK income tax, to a tax credit on cash dividends we pay on our shares and the tax credit is equal to one-ninth of the cash dividend. The tax free allowance all income earners are allowed to earn an amount of income before they start to pay tax., the personal tax free allowance in the UK for 2011-2012 was  £7,475. Monetary policy impact to the Vodafone UK According to the Vodafone annual report, 45.9bn revenue performs in 2011 and it is 3.2% growth in compared with 2010. It is because the UK government expands the monetary policy by buying Bonds from people and it caused to money supply increased. People has more money to spend on Vodafone services and products there for the demand of the mobile customers are increased by 14.5% to 370.9 m. International trade The economic interaction among different nations involving the exchange of goods and services, that is, exports and imports. The guiding principle of international trade is comparative advantage, which indicates that every country, no matter their level of development, can find something that it can produce cheaper than another country. As a multi national company, Vodafone Global Enterprise manages the communication needs of over 560 of our largest multinational corporate customers. It provides a range of managed services which bring together every aspect of a customers telecommunications infrastructure, both fixed and mobile,(Annual report Vodafone group-2011) Advantages by international trade for Vodafone Quality of the product has been increased because of high competition with foreign businesses Having an open economy Growth of high technologically methods using by Vodafone group Increased company reputation world wide Market share has been increased Disadvantages smart phones and the tablet market begins to take off. markets remain competitive and the economic environment, particularly across southern Europe, is challenging. Foreign Industry regulators continue to impose lower mobile termination rates and lower roaming prices. The combination of competition and regulatory pressures. Increase prices of the Vodafone products because of tariffs. Emerging markets Definition The term emerging markets is commonly used to describe an economy with a GDP per capita substantially below the advanced world average and typically with a growth potential above the global average. According to the World Banks definition an emerging markets country has a Gross National Income (GNI) per capita less than approximately USD 9,000.(growing markets) The most exciting emerging markets are, BRICs( Brazil, Russia, India, China), Mexico, South Africa, Clombia, Hungary, Indonesia, Turkey, Poland, Malaysia,Chile,peru, Thailand. Barriers to entering emerging markets for UK businesses Differences in language and culture are important barriers to entering fast-growing markets like the BRICs. Global trade has always been vital to the UK UK firms looking to export for the first time continue to face too many barriers that put them at a competitive disadvantage to their overseas competitors. capital is drives many businesses to take on the risks of doing business in emerging markets. Considering about the success of Vodafones in emerging markets, The number of customers using mobile services in emerging markets such as India and Africa has grown rapidly over the last ten years, increasing by over 17 times, compared to nearly 130% in more mature markets such as Europe. increased revenue market share in India and Turkey. Approximately 75% of mobile customers are in emerging markets such as India and China. EU crisis This week BCC met with a delegation from APEX, the Brazilian trade and investment promotion agency. It is clear that there are vast opportunities in the country, as indeed there are in the other emerging markets, which UK firms are yet to take full advantage of. BCCs latest research confirms that the EU remains the most popular destination for UK exports. Just under half of Chamber exporters see the large and faster-growing BRIC economies of Brazil, Russia, India and China as the best prospective markets for increasing business over the next twelve months. Unfortunately, exporters to the fast-growing BRIC markets are the most likely to encounter barriers that hold back sales.

The Similarities and Differences Between Professional Football and Basketball

humanism A new concept of human individuality, originating in the citystates of fourteenth- and fifteenth-century Italy, that was based on desire for excellence in scholarship, creative work, and education. The humanist movement spread to northern Europe, France, England, and elsewhere, and continued to flourish until the mid-seventeenth century. Among its more familiar literary figures are, in Italy, Dante Alighieri, Francesco Petrarca (known as Petrarch), Giovanni Boccaccio, Baldassare Castiglione, and Niccolo Machiavelli; in England, Thomas More, Francis Bacon, and John Milton; in France, Francois Rabelais and Michel de Montaigne.Books setting forth an ideal of the well-formed individual, ruler, or commonwealth are a major aspect of the humanist movement, from Leonardo Bruni’s Dialogues ( –? ) to Roger Ascham’s Schoolmaster ( ), Machiavelli’s The Prince ( , publ. ), Castiglione’s The Courtier (ca. , publ. ), and More’s Utopia ( ). Durin g the Renaissance the term humanista meant nothing more than a teacher of Latin. But the Latin classics proved to be the key to the era’s renewed understanding of the individual’s goals and ideas.Latin authors addressed issues like the dignity of man, the role of fate, and the strength of human will: the factors in life that make for human happiness, or flourishing. HUMANISM 145 (Greek was somewhat less familiar, at least at first, among the humanists; Petrarch and Dante could not read it. ) The Renaissance’s new studia humanitatis contrasts with the earlier medieval version of education, which consisted of the trivium (grammar, rhetoric, and dialectic) and the quadrivium (arithmetic, music, geometry, and astronomy).In the medieval scheme, there was little room for the study of history or moral philosophy. Now, though, education could be based on the ethical ideas suggested by the ancients in their literary and philosophical speculations. The key terms of the It alian humanists are fame, fortune, glory, and virtue. They see creative achievement and knowledge as heroic tasks, analogous to the brave deeds of conquerors and emperors. In the Middle Ages, prior to the humanist revolution, the sense of history was providential, based on the sacred narrative of the Bible, and moving from creation to revelation and edemption. (Saint Augustine’s City of God [ – / ] was the major commentary on this narrative. ) In the Italian Renaissance, with political life controlled by rivalrous city-states, history became a matter of daring strategy, not scriptural validation. Providential history did not disappear, of course; it was a significant influence in the Reformation. But it had been challenged. Another aspect of the humanist movement was its sense of intimacy with the classical past. Petrarch wrote a series of familiar letters addressed to Homer, Virgil, Cicero, Livy, and others.Allied to this closeness with antiquity was a desire to corr ect the distortions of ancient texts, to recover them in their original fullness. The ambition to search for the source characterized the humanist attitude toward religious texts and ideas. The great Netherlandish humanist Desiderius Erasmus translated the New Testament into Latin ( ), saving the sacred text from the errors committed in the Vulgate (the medieval Latin Bible, in the universally read version produced by Saint Jerome). In an effort analogous to his philological study of the original text of the Bible, Erasmus in his Colloquies ( reacted against the medieval corruptions of church hierarchy. Through his description in the Colloquies of friendly, egalitarian conversation on both spiritual and worldly matters, he tried to regain the original ethical ideal of Christian community and decency: a humorous, liberal-minded fellowship. For humanists like Castiglione in The Courtier, the self became a work of art, with the individual’s â€Å"knowledge and skill informed by proportion and 146 HUMANISM grace† ( Joseph Mazzeo). The Swiss historian Jacob Burckhardt, in his great Civilization of the Renaissance in Italy ( , first described the ambition of figures like Leonardo da Vinci and the architect Leon Battista Alberti to become the uomo universale, or universal man. Here Burckhardt evokes the supremely well-rounded, eccentrically talented Alberti (who became worldfamous as the inventor of the laws of perspective): â€Å"In all by which praise is won, Leon Battista was from childhood the first: . . . with his feet together, he could spring over a man’s head; . . . in the cathedral, he threw a coin in the air till it was heard to ring against the distant roof. . . He acquired every sort of accomplishment and dexterity, cross-examining artists, scholars and artisans of all descriptions, down to the cobblers, about the secrets and peculiarities of their craft. . . . He also wrote an Italian treatise on domestic life in four books; and eve n a funeral oration on his dog. . . . And all that he had and knew he imparted, as rich natures always do, without the least reserve, giving away his chief discoveries for nothing. † Burckhardt concludes by remarking, of this godlike lusus naturae, that â€Å"an iron will pervaded and sustained his whole personality. Alberti proved that the individual can do anything, and with perfect style. The humanist was an intellectual hero and adventurer. His interest in magic and mystical lore, like Francis Bacon’s devotion to science, was a way to achieve power over the secret sources of nature. For Pico della Mirandola, author of the Oration on the Dignity of Man ( ), the human self was distinguished by flexibility and aspiration, and was capable of raising itself almost to divine level: wrestling successfully with the Protean, the endlessly various, character of God’s creation.The Renaissance is the real home of humanism. But Victorian sages like Matthew Arnold, Thomas Carlyle, and John Ruskin shared the humanist belief in individual aspiration and excellence, necessarily grounded in the strength of the surrounding culture. Their concerns lived on in the works of American critics a hundred years later: for example, Lionel Trilling and Irving Howe. In the early twentieth century, a â€Å"new humanism† was promoted by the literary critics Irving Babbitt and Paul Elmer More, who reacted against the overly specialized aspects of philology as it was then practiced.But Babbitt and More were felt to be too vaguely emotive, their moralizing too glib. When critics like Robert Penn Warren and Cleanth Brooks turned, in the s, toward a stricter consideration of the technical aspects of poetic lan- HUMANISM 147 guage, they were in fact promoting another version of the humanist ideal: man as the hero of articulation, expressing his precarious and uniquely complicated existence, and fighting with the weapons of skilled ambiguity, irony, and paradox (see NC ). Humanism can be a pejorative term in current literary and cultural criticism, especially in the disciplines of cultural studies and new historicism. This turn began with the philosopher Martin Heidegger, whose â€Å"Letter on Humanism† ( ) criticized Jean-Paul Sartre for his humanist existentialism. Heidegger asserted that man, Sartre’s focus, was a limited concept and should be superseded by the notion of Being (in German, Sein or Dasein, two distinct but related terms).Later philosophers like Michel Foucault and Jacques Derrida, both highly influential in literary studies, followed Heidegger’s lead in questioning the centrality of the human. But humanism always seems to return, if humanism is understood as the commitment to asking whether particular goals, practices, and ideas serve or damage the hope for human excellence and happiness. The definition of humanist ideals remains a constant concern of philosophy and cultural commentary, as seen recently i n the works of thinkers like Martha Nussbaum and Tzvetan Todorov.On Renaissance ideas of humanism, see Joseph Mazzeo, Renaissance and Revolution ( ); Paul Oskar Kristeller, Renaissance Thought ( ); Hans Baron, The Crisis of the Early Italian Renaissance ( ); Eugenio Garin, Italian Humanism ( ); and Thomas M. Greene, The Vulnerable Text ( ). Constance Jordan provides an interesting account of Renaissance humanism in its attitude toward women in Renaissance Feminism ( ). Rebecca Bushnell in A Culture of Teaching ( ) connects Renaissance ideals with contemporary American debates over education.

MIS in USA

â€Å"Perfection is not attainable, but if we chase perfection we can catch excellence!†-Vince LombardiThe five natural elements aside, the modern world today revolves around a sixth human developed energy i.e. Electricity. From telegraphy and telephony to electrical circuits for power, Electrical Engineering today focuses on a broad range of disciplines. The progress of this field has immensely influenced the advancement of technology. The vast application potential when combined with the notion of management intrigues me and I’m keen to continue my academic pursuit in this direction.A proclivity for Math’s and Science since childhood had resulted in 90+ aggregate in the respective subjects in high school and sparked the initial interest. A tryst with a Physics concept, ‘Electromagnetic Force’ at the Higher Secondary Level invoked the zeal to foray into this discipline. It was during this period that my teachers instilled in me a strong inclination towards the subject. This led me to opt for Electrical and Electronics Engineering in my undergraduate study as it not only requires analytical thinking but also involves hands-on practical application and is challenging.My credentials include Electrical and Electronics Engineering from Annamacharya Institute of Technology and science, Jawaharlal Nehru Technological University , Hyderabad, India which covered a broad spectrum of subjects which include Electromagnetic field, power electronics, electrical measurements, Pulse and Digital circuits, computers’ methods in power system controls, digital signal processing, Power Systems(1to3),  Electro Mechanics, Micro processors and Micro Controllers, High voltage Engineering and Utilization of electrical energy. I am also well versed in programming languages like C, C++ & JAVA. I was also introduced to management based subjects like Managerial Economics & Financial Analysis (MEFA), Management Sciences which fascinated me and imbi bed the urge to delve deeper and explore the management related aspect.In an attempt to probe further, during my final year of the undergraduate course I presented a project â€Å"SPEED CONTROL OF INDUCTION MOTOR USING PLC† at SANGHI SPINNERS INDIA LIMITED, HYDERABAD, INDIA. and also another project on â€Å"A NEW 84-PULSE VSC CONFIGURATION USING MULTI LEVEL DC VOLTAGE USING MATLAB†. These project involved coding a programme using MATLAB technology which solves a pattern recognition problem. They also include the practical application of management to engineering which has sustained and also further honed my interest to pursue this subject.I consider it an accomplishment to have finished meritorious in several technical events and I have also presented a number of technical papers which were highly acknowledged. I feel it a privilege to have been a part of Make a Difference (NGO). My tenure at MAD as a Teacher Volunteer has acuminated my organizational and interpersona l skills. It has also reinforced the ‘Never say never attitude’ which enables me to persevere, look beyond and extend my boundaries and also go the extra mile.Specialization becomes a necessity to understand new technologies and to improve upon the existing ones. Finesse in the subjects I pursue is what I envision. I now find it essential to equip myself in a specialized institute, one that will consider my knowledge as a stepping stone to higher education and help me transcend new horizons. In the near future, my aim is to attain an advanced education in MIS through a Masters Degree Program. To achieve this I would like to gain exposure to the latest practices adopted in the field of MIS. The multifaceted attributes of the course and the flexibility of the curriculum have played a pivotal role in my decision to apply for MIS at your university.The collaborative environment at your university and the confluence of ideologies would help me learn the global standards in t his field also become aware of the worldwide  competition. I aspire to bring back the acquired expertise to India and use it successfully in future endeavors. My long term goal is to put my footprints in the field of MIS through contribution of original ideas and translation of those ideas to develop high end applications and products.I bring along a strong grasp of fundamentals in Electronics and Computers, an aptitude for teamwork, a zest for challenges and an enthusiastic desire to learn all I can. With the above attributes I firmly believe that I would meet all the criteria and would also be an asset to your esteemed university. I can assure you that I will be able to contribute and learn from the academically challenging environment at the university. Hence I appeal to the Graduate Admissions Committee to consider me for admission and I look forward to becoming a part of your institute.

The Banking Concept Of Education - 881 Words

The banking concept is a term used by Paulo Freire to describe the â€Å"traditional† educational system. With this concept, students seem to learn all they need to know by narration of the teachers. â€Å"Narration leads the students to memorize mechanically the narrated account†(Freire, page 1). Because of this method, students are being referred to as depositors since teachers’ deposit information into their brains and the students receive, memorize and repeat. This concept has shown that people lack creativity, knowledge and individuals cannot be truly human. Students tend to lack critical consciousness and the more they accept the role of the teachers, the more they adapt to the world as it is. As Paulo Freire discusses, â€Å" The Banking Concept of Education† he also proposes a way to improve education by introducing us to the â€Å"Problem-Posing Approach†. By doing such, he informs us that this approach is an alternative learning method tha t is efficient and an effective solution to the banking approach. I personally believe that all students should be taught with the Problem-Posing Approach since the Banking Approach is not a sufficient way of learning. I can guarantee that almost every student has been a part of this â€Å"traditional† educational system as they are just taught to memorize certain material until the test day comes. As an undergraduate student, I can say that I have witnessed my education become a test of remembering everything that was in a PowerPoint. I remember myShow MoreRelatedThe Banking Concept Of Education958 Words   |  4 PagesIn the excerpt from â€Å"The Banking Concept of Education† the author, Paulo Freire explains the critical flaw in the current education system. He continues by offering his believed solution to this problem. The two concepts Freire discusses in this excerpt are the â€Å"banking concept† of education and the â€Å"problem-posing method† of education. The â€Å"banking concept† is talked about rather negatively, whereas the â€Å"problem-posing method† is talked about highly. Freire believes in the â€Å"problem-posing method†Read MoreThe Banking Concept Of Education904 Words   |  4 PagesFor many years education in the United States has been taught the same way over and over again. It has put children through many years of boring lectures to learn something and eventually will be forgotten. In the Banking concept Freire gives his opinion on the traditional way students have learned for many years. He Calls it the Banking Concept of Education, it is when a student knows nothing and the teacher has to educate them with boring long lectures that will eventually be forgotten by the schoolRead MoreThe Banking Concept Of Education951 Words   |  4 PagesWhen I first read Freire’s writing, â€Å"The ‘Banking Concept’ of Education†, I felt really passionate about it. Th e reason I felt so passionate about it, was because once upon a time I wanted to be a teacher. Until I began to see the struggles that teachers’ had, trying to teach large class sizes all of the same information. The longer the teachers taught, the more they lost their passion. In class there was never enough time for teachers to show their passion, or explain why they really loved the subjectRead MoreThe Banking Concept Of Education Essay1834 Words   |  8 Pageshours studying. We could agree that the method of our education has also been the same; listening, note taking, memorizing, and hoping to God that we did not just bomb our most recent test. What if someone told us in high school that this grueling and boring process was all wrong? Well, this is exactly what, Paulo Freire, a Brazilian educator and philosopher, proposes in his essay, â€Å"The Banking Concept of Education.† Freire argues â€Å"banking education† stunts and discourages critical thinking and creativityRead MoreThe Banking Concept Of Education1277 Words   |  6 PagesTrue Education at Its Best In The Banking Concept of Education, Paulo Freire evaluates the teacher-student relationship and the concept of Banking education which he thought not to be a suitable process of education. Education is a systematic body of knowledge that is acquired through life experiences, schooling, and the environment. It is an important tool that applies in the contemporary world to succeed and to mitigate life challenges. Also, the knowledge gained through educationRead MoreSummary Of The Banking Concept Of Education1519 Words   |  7 PagesDominants and Subordinates in Education In â€Å"The ‘Banking’ Concept of Education,† from the Pedagogy of the Oppressed, Revised Edition, Paulo Freire discusses two different types of education: â€Å"banking† and problem-posing. The banking concept of education is when teachers â€Å"make deposits which the students patiently receive, memorize, and repeat† (318), and ‘problem posing’ is when the teachers and students are equal. Instead of being treated as human beings that have their own thoughts and ideas,Read MoreThe Banking Concept Of Education Summary1133 Words   |  5 Pages0701 23 September 2017 The Banking Concept of Education In the essay, â€Å"The Banking Concept of Education†, Paulo Freire compares two teaching concepts used in education, which are the â€Å"banking concept† and â€Å"problem-posing†. In the â€Å"banking concept†, the educator assumes that the students are passive, so they take full control and instill students with information without explaining it to them or receive their input. Freire believes that problem-posing education allows people to develop their humanRead MoreBanking Concept of Education Essay685 Words   |  3 PagesBanking Concept of Education Philosopher and educator Paulo Freire once said, â€Å"Education either functions as an instrument which is used to facilitate integration of the younger generation into the logic of the present system and bring about conformity or it becomes the practice of freedom, the means by which men and women deal critically and creatively with reality and discover how to participate in the transformation of their world.† In Freire’s work of â€Å"the Banking Concept of Concept†, he describesRead MoreThe Teaching Concept Of Banking Education1098 Words   |  5 PagesPhilosophy Statement Essay Introduction Effective teachers are able to meet the student’s individual needs by modifying the curriculum, being involved in the community and involving the parents in the student s education. I teach in San Luis, AZ, a community composed mainly of Hispanic families and Spanish is the primary language. In order to build a positive relationship with the community and parents, it is important to understand and implement the culture in the curriculum. Setting an open doorRead More The Banking Concept of Education and The Achievement of Desire1463 Words   |  6 PagesThe Banking Concept of Education and The Achievement of Desire Education is a topic that can be explored in many ways. Education is looked at in depth by both Richard Rodriguez in his essay, â€Å"The Achievement of Desire†, and by Paulo Freire in his essay, â€Å"The ‘Banking’ Concept of Education.† After reading both essays, one can make some assumptions about different methods of education and exactly by which method Rodriguez was taught. The types of relationships Rodriguez had with his teachers