Ibm Financial Analysis - 3513 Words

1. IBM: A Systematic Financial Analysis. 1.1 Introduction In order to make informed investment decisions, potential investors should carefully analyze all available information about the company (or companies) that they are planning to add to their portfolios. One such way is by performing a systematic financial analysis for each of the companies in question (Giroux 2003). The results of this analysis can then be used to determine whether or not the company presents a sound investment opportunity. International Business Machines Corporation (IBM) operates as an information technology (IT) company worldwide. The company has three segments: Systems and Financing, Software, and Services. The Systems and Financing segment†¦show more content†¦2.2 Business Strategy IBM’s business model is built to support two main goals: helping its clients succeed in delivering business value through the use of business insight and information technology, and providing long term value to shareholders. In addition, as part of the effort of driving profits and cash growth over the long, IBM is committed to increase its global client-base. The company’s strategic priorities for 2006 include (IBM Annual Report 2005): †¢ Capitalizing on technological, business and social trends and the need of enterprises to innovate in addressing those trends; †¢ Maintaining market-share leadership in systems, middleware software and services, as a platform to drive growth; †¢ Focusing investment and resources on emerging growth areas, including Business Performance Transformation Services and emerging countries; †¢ Continuing the global integration of IBM, driving productivity gains and higher value in service delivery; †¢ Furthering IBM’s leadership in innovation initiatives, including advanced semiconductor design and development, collaborative intellectual capital, business process expertise and integration, and advanced systems for supercomputing capability – including mainframes and â€Å"grid networks; †¢ Acquiring businesses that contribute strategically to its portfolio, and exiting businesses that no longer supports its strategy for innovation and higher value.Show MoreRelatedFinancial Statement Analysis of Ibm10917 Words   |  44 PagesFinancial Statement Analysis of IBM Financial Statement Analysis of IBM I. Company Facts IBM – International Business Machines Corporation The home office of IBM is located in Armonk, Town of North Castle, New York, United States. IBM was founded in 1911 as the Computing Tabulating Recording Company (CTR) through a merger of three companies: the Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company. CTR adopted the name International BusinessRead MoreIbm and Microsoft Financial Statement Analysis5499 Words   |  22 PagesPACE UNIVERSITY- ACC-615 DR. FINN Financial Statement Analysis IBM and Microsoft Bill Jacoby 4/20/2010 Financial Statement analysis for two comparable companies; IBM and Microsoft ACC-615 Dr. Finn; William Jacoby Microsoft Corporation is the world’s largest software company. Microsoft has five operating segments; client, server and tools, online business services, Microsoft business division and entertainment and devices division. They develop personal computing software including theRead MoreEssay about Fall of Ibm1683 Words   |  7 PagesTitle: The Fall of IBM Date: September 20, 2013 I. Executive Summary The purpose of this case study analysis is to analyze the situation of IBM in the 1990s, to come up with possible mutually exclusive alternatives for IBM’s management and ultimately, to recommend a possible strategy to regain back IBM’s throne in the industry. The problem of the case study is all about the survival of IBM in a much more competitive market ever encountered by the company. And also, overcoming newRead MoreBusiness Intelligence Solutions : An Organization1574 Words   |  7 Pagessoftware to analyze an organization raw data. It is built on the existing investments so that the employees can get access to current and accurate information. IBM is an example of the modern organizations that are offering virtually everything that a business may require in terms of software, hardware to industry specific applications (IBM, 2014). This chapter will compare and contrast how different organization employ business intelligent solutions, how the dash boards may help average users , theRead MoreBusiness Analysis Part Ii: Apple, Inc.1450 Words   |  6 PagesBusiness Analysis Part II: Apple, Inc. MGT/Management 521 February 27, 2012 Apple, Inc. is appears to be a successful billion-dollar corporation, this analysis will focus on the financial health of this organization. In this analysis of Apple’s business environment focus will be placed on the income statement, balance sheet, and cash flow. A comparative analysis will be conducted to that of its top competitors. Financial Health In any organization whether it is a large global corporationRead MoreCompetitive Advantage Through People, Polycentric Staffing Essay1362 Words   |  6 Pagesprocesses. The acquisition of IBM lowered the learning and development time with ready expertise and market share to be exploited. With strong commitment from senior management to innovation critical, Lenovo needs to cultivate a creative climate that fosters innovation. Support for regular design and innovation activities is necessary. c) Finance Finance management is critical for strategic success. Johnson et al. (2008) identified value and cost drivers, and financial expectations of stakeholdersRead MoreEssay on IBM Case Analysis1705 Words   |  7 PagesIBM Case Analysis The International Business Machines Corporation, IBM, is the world’s largest information technology company, with 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and key Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, small, medium, and large, to take full advantage of the new era of e-business. This paper will present a brief overview of the company, including a brief SWOT analysisRead MoreIBM Global Technology Service Solutions821 Words   |  3 Pagescyber-attackers. For financial sectors, it is a must to have a good security system in order to protect the customer data as well as the network of the company system. Another reliable solution to counter the constant IT threats is by utilizing the IBM solutions. IBM solution provides a series of protective strategies and systems to financial services company such as bank and other related sectors. The benefits offered by the IBM solutions can be categorized into five functions. According to IBM Global technologyRead MoreEssay on Ibm-Case Analysis991 Words   |  4 PagesIBM ANALYSIS PURPOSE In the following paper I am going to analyze the case about â€Å"IBM† and how the company changed its structure in order to develop innovative products and manage successfully its new business as well. In particular IBM moved from a bureaucratic structure with an inflexible hierarchy to a divisional structure that allowed the company to pursue emerging business opportunities and at the same time continue to develop businesses were mature and well established, and business wereRead MoreEssay on Stock Trak Investment Report1335 Words   |  6 PagesStock Trak Investment Report [Portfolio Investment Analysis] Portfolio management is an important factor that determines the performance of the portfolio. To perform well in the portfolio, it is not only essential to develop personal investment strategies, but analyzing current financial trend is also vital. Stock Trak is an online portfolio simulation that allows students to try out different investment strategies, and also get a hand on experience in what the real market trading conditions are

The Benefits of College and Opportunity Cost - 991 Words

If you were to by chance walk into a normal, bland Economics 101 class, you are almost destined to overhear a professor speak about one of the most important cornerstones of basic microeconomics, opportunity cost. By definition, opportunity cost is what one forfeits in order to pursue something else. A big decision of life that exemplifies the exact definition of opportunity cost is when teenagers go to college. Instead of getting a job at a low level right out of high school, many of todays concerned teens are giving up their ability to immediately labor for income and instead go straight to college in hopes of obtaining a higher level occupation. The concerning question on the mind of unknowing newcomers to the real world is, however, if college is all that it’s built up to be. The fact is, if you look at attending college in the long run, the ability to conceal a high paying job by the time of graduating is very high, making the opportunity cost very worth it. There are a plethora of people who will tell you college is in fact not worth the supposed wasting away of your money because you will never be able to compete with the rising cost of student loans that have plagued the recent population of higher learners. This is true if you only look at things though a very small spectrum. Sure, the economy might not be at the best it’s ever been, but another concept of economics that needs to be acknowledged is the business cycle. The business cycle is a very solid theory thatShow MoreRelatedThe Cost Of Opportunity Cost1108 Words   |  5 PagesOpportunity cost can be defined as the price of a substitute that might be forgone in order to pursue an assured action. The forgone cost. Opportunity cost can also be defined as the best forgone alternative in a scenario where a decision had to be made between some many mutually exclusive or inclusive alternatives (Mankiw, 2009). Simply put opportunity cost is what one is missing out when they mak e a choice. I could be watching a game of European Soccer or watching a rerun episode of Game of ThronesRead MoreThe Opportunity Cost Of Relationships797 Words   |  4 PagesThe Opportunity Cost of Relationships In this article, the author Chrissie Deist described about what people have to give up to get what they want. This is called the opportunity cost. He also illustrated an example of this with apples and oranges. Moreover, the opportunity cost does not always have to be financial cost. Deist did mention that romantic relationships have an opportunity cost as well. He provided some lists of things people sacrifice to be in relationships such as losing their personalRead MoreShould College Athletes Be Paid?1578 Words   |  7 PagesAshay Mehta Nou Per 8 Should College Athletes Be Paid? One of the hottest debates in the sports industry is if college athletes should be paid. If you want to pay these athletes, how would the college determine the dollar amount that should be paid? Should the basketball team make more than the football team? Should the the soccer team be paid as well? Cheerleading? Chess team? Should everyone on the team get a salary? What if your college is good at football and your basketball team is awfulRead MoreMicroeconomy Homework1744 Words   |  7 Pagesto produce a few additional printers, she is choosing at the margin when she compares A) the total revenue from sales of printers to the total cost of producing all the printers B) the extra revenue from selling additional printers to the extra costs of producing these printers C) the extra revenue from selling additional printers to the average cost of producing the additional printers D) HPs printers, to printers from competing companies, such as Lexmark 3) Scarcity exists because A)Read MoreGraduation Speech Over College Education Essay1686 Words   |  7 PagesOver the years, there has been a great deal of debate over college education and it’s worth to society and the students who is currently contemplating where they should go or not. In addition, the question of cost, and just how expensive college has become over the last decade has come to attention. It is clear that Americans and important figureheads have argued over whether the benefits of attending college outweigh the benefits of just high school diploma or another type of post-secondary schoolingRead MoreWhat Does a College Education Buy An1281 Words   |  6 Pagesï » ¿ The Virtues of Higher Education In the essay â€Å"What A College Education Buys† written by Christopher Caldwell, the author questions whether or not the value of a college education today supports the high cost of obtaining a degree. Having a college degree is viewed as having achieved some measure of accomplishment. People think you are more intelligent for having gone to college. Employers seem to be more eager to hire college graduates. Certainly we have been told that having a degree will helpRead MoreThe Importance Of College Education1257 Words   |  6 Pageswhen deciding whether to go to college or which college to attend. The importance of college has been a long-debated topic that is becoming more and more popular. It used to be that a high school education was necessary to succeed, and a college degree was merely beneficial. However, today college has escalated into something that is considered necessary to succeed. New York Times columnists, David Leonhardt, states that â€Å"if youre someone who can get into college, going is practically a no-brainerRead MoreWhy People Attend College Essay1193 Words   |  5 Pagesmajority of people these days are planning or are going to college. These people have many reasons for going to college. The option of going to college is a major decision and there are many factors that are considered in making this decision. One of the many reasons of making the decision to go to college is to receive a bigger salary. Another reason is for the opportunities that become available from going to college. People also decide go to college to be better prepared and successful in the future. Read MoreEstablishing Equality By Lowering The Cost Of College Tuition1615 Words   |  7 PagesEstablishing equality by lowering the cost of college tuition My research question was stimulated by â€Å"The Life of Peasants† from Life on a Medieval Barony and A Letter to my Nephew by James Baldwin. Throughout both articles equality and the idea of class systems are discussed thoroughly. James Baldwin talked about integration as meaning â€Å"we with love shall force our brothers to see themselves as they are, to cease fleeing from reality and begin the change it, for this is your home† (Baldwin). BaldwinRead MoreThe Importance Of A College Education?1419 Words   |  6 PagesEnglish 101C Professor A.Pino Nov 13th 2017 The importance of a college education In the period of their high school career, the students shall begin to ask and consider the college education’s importance. The answer is that the accepting college education offers chances to graduates, which are more widespread to those who have the levels of senior high education or less. Most of people understand that they desire to accept a college education, but they do not know why or how it would fulfill their

Support Diversity Within The School - 1679 Words

PART A Brisbane Catholic Education ensures that schools are an inclusive, supportive and engaging environment for all students, staff and caregivers. It strives to build a community that values, celebrates and responds to diversity (Brisbane Catholic Education, 2015). Catholic schools cater for students who have a diverse range of personal characteristics and experiences. These characteristics and experience include various physical, religious, cultural, personal health or wellbeing, intellectual, psychological, socio-economic or life experiences (Queensland Catholic Education Commission, ______). This diversity provides an opportunity to embellish the communal life of the school (Brisbane Catholic Education, 2015). This essay will†¦show more content†¦Brisbane Catholic Education defines inclusive practice as the â€Å"provision of educational opportunities that may require reasonable adjustments but does not impose on unjustifiable hardships on the school, for students with a wi de range of abilities, backgrounds and aspirations in the school setting† (Van Kraayenoord, Elkins, Palmer Richards, 2000, p.9). Queensland Catholic Education Commission position statement Inclusive Practices in Catholic Schools in Queensland has been developed on the foundation of valuing diversity. It delineates teachers of the responsibility to recognize human rights and to ensure adjustments are made to further enable access of the curriculum and achievement by everyone. The Disability Standards for Education (2005), formulated under the Disability Discrimination Act (1992) states that schools have the obligation to work in a partnership with families to ensure that the school provides reasonable adjustments that balance the interest of all parties. Brisbane Catholic Education Learning and Teaching Framework (2012) states that â€Å"Every learner is in some respect, like all others, like some others, like no other†. This policy addresses the particular support needs of students with disability, and is linked closely to the values and goals of the Learning and Teaching Framework and to the position statement, Inclusive Practices in Catholic Schools in Queensland (Catholic

Gain Sharing vs. Profit Sharing - 3606 Words

Gainsharing MLR601 April 5, 2007 Gainsharing and Profit-sharing are incentive plans that are designed to pay employees incentives based upon good company performance. By using these plans, companies found that employees are motivated to stay with the company longer. Because employees can directly affect the output of a company they will also work harder to achieve selected goals when incentives are attached. However, incentive plans are not appropriate for every company and business must find a way to put the plan to good use in a fair and productive way. Gainsharing Vs. Profit Sharing Gainsharing and profit-sharing are incentive plans that are both designed to pay employees beyond their normal wages upon good company performance.†¦show more content†¦Another attribute of gainsharing is that employees understand that if they help meet organizational goals, they will reap the rewards in the form of a gainsharing payout. When only profit-sharing is present, employees are often under the mindset that even if they do the necessary things to improve productivity and cut costs, management will only spend that money from those gains on new equipment or other expenditures. Furthermore, gainsharing fosters an increased focus and make it happen attitude7, regardless of current business levels. If business levels are relatively low, then the focus will be on cutting costs. In profit-sharing, this attitude may lack, especially when business conditions are unfavorable for yielding high profits and a resulting payout. Design between gainsharing and profit sharing differ regarding where the savings are derived. In gainsharing, the focus is on the most important costs in a companys financials. For example, if a manufacturing company has high touch labor costs, then baselines and metrics will be based on improving labor efficiency8. In profit-sharing, all line items in a companys financials are used in calculating year-end profits. In gainsharing, operational measures can usually be narrow and defined. Some examples of operational measures would be parts manufactured per hour or poundsShow MoreRelatedHaier Case Study1160 Words   |  5 Pagesunrelated diversification strategies. A. Describe how Haier uses activity sharing and the transfer of core competencies to create value. (related diversification strategy) Haier catapulted in the last two decades producing consumer products that are sold in similar fashion. They all shared distribution channels, outbound logistics, and sales forces. Haier was able to develop core competencies through effective activity sharing of primary activities resulting in a superb competitive advantage, ultimatelyRead MoreHaier Case Study1295 Words   |  6 Pages2. A.Describe how Haier uses activity sharing and the transfer of core competencies to create value. (related diversification strategy) Haier uses both related and unrelated diversification strategies. Haier catapulted in the last two decades producing consumer products that are sold in similar fashion. They all shared distribution channels, outbound logistics, and sales forces. Haier was able to develop core competencies through effective activity sharing of primary activities resulting in a superbRead MoreThe Importance Of Information Sharing Across Learning Organizations Essay1453 Words   |  6 Pagesinformation so important in a learning organization in comparison to an efficient performance organization? Discuss how an organization’s approach to sharing information may be related to other elements of organization design such as: structure, tasks, strategy, and culture. An understanding of the importance of information sharing across learning organizations (LO) vs. efficient performance organizations (EPO) first requires a definition of the two organization types. Peter Senge (1996) explains that LOsRead MoreCopyright Laws Should Be Abolished Essay1302 Words   |  6 Pagesupgrade to Microsoft Office XP despite its important productivity enhancements. A study showed that tasks requiring 43minutes with Office 2000 are accomplished in mere 20minutes with Office XP--over 100% productivity improvement (Microsoft Office XP vs. Office 2000 Comparison Test Public Report). However, the proportion of businesses likely to upgrade from Office 2000 during the first year of Office XP is 8%, second year--12%, and after second year--15% (Smiley). While works of art do not directlyRead MoreFinal Case 2 Intel Memo Essay1293 Words   |  6 Pagesdifficulty in differentiating yourself from competition. It was evident that such competition would be present in microprocessor industry as well. Fixed costs being similar it was important to move fast on the learning curve. Intel couldn’t do that vs. Japanese companies in case of DRAM because of less capital and funds but for microprocessors it was important to do, given they secured capital from DRAM business. Points, such as pricing, availability, and capacity were also important lessons forRead MoreIntegrating Culture And Diversity Of Decision Making1255 Words   |  6 Pagesthe given name - even the two originators were only referred to as Bill and Dave. The HP employees were involved in the company with stock opportunities and were even rewarded additional premiums when HP was flourishing - today referred to as profit sharing. These actions served to classify the workers with their work and to motivate them. The HP way involves extensive employment benefits for instance scholarships for the worker s children. At the end of the 1950s, Bill and Dave made a decisionRead MoreGlobal Issue : New Information Technology Initiatives1625 Words   |  7 Pagesniche-based, able to address specific business needs, scalable with organizational growth, and cloud-based with enhanced document control, increased collaboration, and high data security. Other desired features include interaction notes, file sharing, real-time sharing, invoicing, dialing capabilities, email integration, and third-party integrations (The Best CRM Software of 2017,† n.d.). Advantages of implementing a CRM. A good CRM allows a company to have good data management, intra-team workflow, andRead MoreAtlantic Computer Case Study1279 Words   |  6 Pagesfollows: †¢ Customers: The first customer identified has a primary need to host websites, â€Å"Web Server† customer. The second customer identified has a primary need for file servers that help layout designers share graphic, text, and layouts, â€Å"File Sharing† customer. Customers in these segments appear to be the ones that will benefit the most from the PESA tool. †¢ Competition: The primary competition in the market is Ontario who claims 50% of revenue market share with the remainder of market comprisedRead MorePartnership and Microsoft1665 Words   |  7 Pages1. What are some relative advantages and disadvantages of using smaller local partners vs. a large local partner? Some advantages that Microsoft might have are that in general partnerships, each participant is personally responsible for the actions of the company. This includes debts, liabilities and the wrongful acts of other partners. One advantage of a limited liability partnership is the liability protection it affords. This type of partnership structure protects individual partners from personalRead MoreDiscrimination Case: Heart of Atlanta Motel Versus the United States1111 Words   |  4 Pagescollide with regulations of interstate trade. Otherwise, the clause would contradict itself in allowing commerce within the state to somewhat go against rules and regulations governing commerce among the states. Case in point: Heart of Atlanta Motel vs. United States The motel owner challenged this power as unconstitutional. The reason behind this claim is both business oriented and ethical. The motel failed to provide accommodation to blacks, which is outright discrimination based on race. Perhaps

Dr. Martin Luther King’s Why We Cant Wait Essay - 531 Words

Dr. Martin Luther King’s Why We Cant Wait While reading Dr. King’s novel, I was able to get an uncensored idea of what African Americans went through in their struggle for civil rights. I cannot comprehend the extent to which they suffered while protesting, and it would be ignorant of me to think that I could understand. The many people who fought with Martin Luther King, Jr. for civil rights understand something about this country that I am only beginning to discover. I can only hope this shameful part of our history is never repeated. I felt a sense of disgust and shame while reading about the events of the Civil Rights struggle in Birmingham, Alabama. I have always heard that they would used dogs and water hoses to push†¦show more content†¦How could people think that this kind of oppression was tolerable and that the blacks did not have a right and freedom to protest? Part of me wanted to be there to help make a difference and join in the struggle, but part of me was also really afraid just by reading about the events in Birmingham. The people who protested with Dr. King showed a tremendous amount of courage and passion that could not be put out by fire hoses or dogs. I do not think that anyone, who has not been the victim of the extreme oppression that the blacks were victims of for hundreds of years, could understand why the civil rights movement was necessary at that time. Dr. King realized that you cannot wait for people to change their attitudes or beliefs, you have to help them see the error of their beliefs. It is easy for someone who is not being oppressed to tell you to wait. When you and your families are the victims of oppression and violence, you reach a breaking point when you realize that things need to change now. Dr. King had the courage to say that publicly, and people followed him in the struggle because of that cou rage. When you believe in something that much nothing, not even death can stop the struggle. Even after Dr. King was assassinated, his legacy lived on. His legacy was something that wasShow MoreRelatedEssay on Dr. Martin Luther King Jr and The Civil Rights Movement2125 Words   |  9 PagesMartin Luther King jr. was one of the most influential persons of the 20th Century. He is the father of the modern civil rights movement, Dr. Martin Luther King Jr., is recognized around the world as a symbol of freedom as well as peace. King practiced everything that he preached, he did not preach or speak values that he himself did not follow. He established himself as a pastor that was not afraid of hard work, guiding the middle-class congregation to public service. For example, Peake, Thomas

Technology creates more problems than it can solve free essay sample

â€Å"If communicating across continents in the blink of an eye; Cripples our mind If being able to unfold the untold depths of this universe; Cripples our mind If having all the information in the world ready at our fingertips; Cripples our mind Then, Yes, indeed Technology Cripples our mind † Honorable chairperson, respected principal(s), teachers, members of the jury, my worthy opponents and not to forget my fellow mates. A Very Good Morning to one and all. The topic for today is â€Å"Technology creates more problems than it can solve† and I am strongly in favour of the motion. Before I begin, I’d like to ask all of you: How many of you post a picture of your food on Instagram before eating it? How many of you update your Facebook status at least once before going to bed? How many of you make the use of LOL, ROFL or LMAO while interacting with your friends? Exactly. We will write a custom essay sample on Technology creates more problems than it can solve or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Don’t you think technology has had the greatest influence on teenagers? Everywhere you go, whether it is at a friend’s place or a shopping mall –we all can agree that every person is deeply occupied with what the latest trends are. There is no doubt that technological advances have made our lives easier. However, everything comes at a cost and hence we are paying a hefty price for relentless use of technological tools. Firstly, technology causes threat to our environment. Man has become an enemy of nature and his own self! The water we drink is no longer safe. The air we breathe is laden with the pollutants. The ozone layer that provided a natural protection again fiendish ultraviolet rays is depleting Secondly, human beings have become slaves of their own machines. We have become so dependent on technology that we need a calculator for solving a sum, rather than utilizing our brain! Furthermore, the confidential information is no longer safe from the hackers. We constantly hear about bank accounts, email ids, facebook accounts being hacked! The advent of technological era has brought many changes which have made a considerable impact on human life. Technology is undoubtedly the mind-boggling, mind-ordering drug of the 21st century. On one hand technology has remarkably improved our standard of living but on the other hand it has also exposed us to new problems some of which are irremediable.. Technology has created such great dependency and ultimately  granted a feeling of numbness. Hacking WHAT ELSE DO YOU WANT ?! Are we really lucky to be called the tech-savvy generation? Has all the modern day technologies and comforts disentangled our problems? Hasn’t over-dependence on technology crippled man’s ability to think? Before I put an end to my speech, I’d like to share a quote by the greatest scientist of all times, Albert Einstein: â€Å" It has become appallingly obvious that our technology has exceeded our humanity.† Thank you! (Note: This is not my work. The writer has granted me permission to use her article, and she deserves credit for writing this.)

Greek and Roman Essay Example For Students

Greek and Roman Essay As he reads the readers mind is not continually assaulted by the physical brutality of the corpses position on stage, thus reducing tension and emotion. The most important speech in the play is Gutierres soliloquy in which he invents the metaphor of being a mi dico and finding a receta to cure his honour. The speech functions as a confessional and in it Gutierre expresses himself with a freedom that the audience has not before experienced; Ya estoy solo, ya bien puedo hablar. Calderi n presents the workings of Gutierres mind in the speech, letting his character, alone on the stage, connect directly to the audience. The art of soliloquy however is diminished on the page as instead of being an intense, fast-moving experience, the words on the page stay there to be analysed and taken apart. This is true too of the play as a whole. The play is written within the conventions of the unities of time and space to appear real and increase the intensity of the experience for the audience. A. A. Parker concurs that the play is essentially a drama of action and not of characterisation. Calderi ns play is meant to take place over three days, to move quickly from one scene to another until it reaches its tragic denouement. A reading of the play shifts this original focus on action and drama, to deep analysis and characterisation. Isaac Benabu sees the play as only working as a tragedy in which the chief aspects are sufrir y callar, the tragic conclusions resulting from the silent suffering that Gutierre has undergone due to the honour code that governed society. As a tragedy, one of the key elements, taken from Greek and Roman models of tragedies, is catharsis. The emotional cleansing of the audience through watching a performance of the play was inherent in a tragedy. The path of the audience through stages of this emotional cleansing however only works whilst watching the play on stage. Calderi n takes his audience through each stage of tragedy, heightening tension and emotion until its climax. In Calderi ns continuing imagery, the contrast between light and dark is essential to the play, signifying both mental and physical seeing. Gutierre compares honour to light and dishonour to a dark cloud showing the tainting of Mencia as al sol una nube negra. At the end of the play Gutierre shows his crime and dishonesty in killing Mencia dos veces ciego llego sin luz y sin razi n. Mencia is referred to as light through much of the play, with many images of her as el sol, and her death referred to as the extinction of a light expiri y en este instante el hombre mati la luz. These contrasts are reflected too in the physical light of day and night, according to when actions occur in the play. In the intrigue in the beginning, Enrique can escape because of the night and Gutierres fumbling with his torch; not only the night but also the dishonesty of Enrique stops Gutierre seeing. Benabu comments Gutierre goes on the evidence of what he sees. Had Gutierre asked Leonor about the man he saw in her house during their engagement, he could have prevented the tragic unfolding of events perhaps started by Leonors curse. However, he doesnt ask, merely sees, and then reacts to this seeing. Just as Gutierre, the audience in a performance of the play only sees, blind to certain intricacies of character or plot without the time to fully analyse the characters. Like Gutierre, the audience sees only one point of view and one vision of the play. This makes the experience more vivid, being able to live through the eyes of the protagonist without an overview that could be gained from a reading of the play. If Calderi .u36757568c7580f430e7c6372c208226c , .u36757568c7580f430e7c6372c208226c .postImageUrl , .u36757568c7580f430e7c6372c208226c .centered-text-area { min-height: 80px; position: relative; } .u36757568c7580f430e7c6372c208226c , .u36757568c7580f430e7c6372c208226c:hover , .u36757568c7580f430e7c6372c208226c:visited , .u36757568c7580f430e7c6372c208226c:active { border:0!important; } .u36757568c7580f430e7c6372c208226c .clearfix:after { content: ""; display: table; clear: both; } .u36757568c7580f430e7c6372c208226c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u36757568c7580f430e7c6372c208226c:active , .u36757568c7580f430e7c6372c208226c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u36757568c7580f430e7c6372c208226c .centered-text-area { width: 100%; position: relative ; } .u36757568c7580f430e7c6372c208226c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u36757568c7580f430e7c6372c208226c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u36757568c7580f430e7c6372c208226c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u36757568c7580f430e7c6372c208226c:hover .ctaButton { background-color: #34495E!important; } .u36757568c7580f430e7c6372c208226c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u36757568c7580f430e7c6372c208226c .u36757568c7580f430e7c6372c208226c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u36757568c7580f430e7c6372c208226c:after { content: ""; display: block; clear: both; } READ: Recycling Essayns play is seen as a social critique on the role of women in society at that time, or on aristocratic hierarchy, the reader who fully analysed all the nuances and subtleties hidden within the dialogue would gain more from it than the audience who do not have the luxury of time for such analysis. However, if the play is taken as a tragedy, and within that genre a cathartic release of emotions, it needs to be seen in performance to generate the height of intensity and emotion required. Dawn L. Smith highlights the importance of the plays visual requirements the murdering husband is the one to engage the spectators attention, both visually and emotionally, suggesting that in a reading of the play there would exist neither the visual attraction nor the emotion. To fully appreciate the play in its depth and performance art the modern reader needs to consider the play as both a reading and performance text. In this way the reader is both taken into Calderons world by the performance, undergoing what audiences of the time experienced, and distanced from it on the page, able to see the play in its social and political context.