Friday, December 27, 2019

Financial Analysis Of The Bank - 741 Words

Ekaterina Antonova Financial Analysis of the Bank as at 31 December 2013 Business description and operating environment The Bank provides universal banking services with core activities in corporate and retail banking. The rapid increase in total assets by 72%, customer deposits by 64% and net loans by 70% over 1Q 2013 suggests that the Bank merged with another bank. While competition in the Polish banking sector remains intense, the merged bank is likely to benefit from a more diversified revenue structure, stronger origination capacity and some cost benefits. The Bank had total assets of PLN 106.1bn (EUR 25.6bn), equity of PLN 14.5bn (EUR 3.5bn) and generated net income of PLN 2.0bn (EUR 477m) in 2013. In the latest Regional Economic Prospects Update , EBRD expects that Poland’s recovery will continue to accelerate, following last year’s expansion by 1.6%. Supported by positive trends in the labour market, improving external demand and healthier credit conditions, the economy is set to grow by 2.8 % this year and next. Margins/Profitability The bank has sound revenue structure, with net interest income and net commission and fee income accounting for 54% and 29% of total operating income (before provisions) in 2013. Dependency on volatile income from trading activities is limited, contributing 3% to operating income. Net income increased by 37% over the year mainly because of the merger as return on average assets remained stable at 2.4%. While remaining strong, netShow MoreRelatedFinancial Analysis Of Bank Of Queensland1873 Words   |  8 PagesABSTRACT The purpose of this report is to provide a financial analysis of Bank of Queensland (BOQ) taking into consideration its competitive strategic responses, corporate governance and its overall financial performance. The current corporate governance of the bank is discussed in line with ASX CGC principles and recommendations. The financial analysis is conducted through comparing profitability ratios from its annual reports. The results show that BOQ has achieved a strong margin (22%) and shareholderRead MoreFinancial Analysis of Icici Bank14963 Words   |  60 PagesMINOR PROJECT REPORT ON THE STUDY OF ANALYSIS OF FINANCIAL STATEMENT OF ICICI BANK [pic] Submitted in the partial fulfillment of required for the award of degree of Bachelor of Business Administration. Submitted By: Akanksha Jain ENROLL No- 001 /KRCHE /BBA(BI)/2006 Under the guidance (MR. A. Lenin Jothi) ( Mrs. Madhu Arora) KASTURI RAM COLLEGE OF HIGHER EDUCATION (AFFILATED TO GURU GOBIND SINGH UNIVERSITY, DELHI) ACKNOWLEDGEMENT Getting a project ready requires the work and effortRead MoreSunTrust Banks: Financial Analysis2441 Words   |  10 Pages[pic] [pic] SunTrust Banks Financial Analysis Florida Atlantic University ACG 6315 TABLE OF CONTENTS Introduction 3 Description of the Company 3-4 Economic and Industry Analysis 4-5 Competition 5-6 Financial Ratio Analysis 6-9 Capital Adequacy 6-7 Asset Quality 7 Management 7-8 Earnings 8 Liquidity 8 Sensitivity to Market Risk 9 Assumptions 9 Results of Analysis 9 Conclusion 10 References 11 Appendix 12 Introduction The bankingRead MoreFinancial Analysis of Bank of America5121 Words   |  21 PagesFinancial Statement Analysis of Bank of America Group 1 Chen, Yelin Dong, Xiaoxu Gransbach, Jennifer Shuai, Wang Weiss, Charles 1 Financial Statements of Bank of America 1 1.1 Balance sheet 1 1.2 Income statement 2 1.3 Regulatory capital ratios 2 1.4 Investment portfolio 2 1.5 Impact of the FSP FAS 115-2 and FAS 124-2 on OTTI 3 1.5.1 Bank of America 3 1.5.2 JP Morgan Chase 3 1.5.3 Citi Group 3 1.6 Netting Financial Instruments 3 1.6.1 Bank of America 4 1.6.2 ComparableRead MoreFinancial Analysis : Barclays Bank2411 Words   |  10 Pagesimperative for banks to keep a close watch on the interest rate cycle: if rates are rising they have to ensure that their lending rates rise alongside or before the borrowing rate and vice versa. The premier position that Barclays enjoyed in the financial industry for over 3 centuries is a validation of the fact that it was built on the strong principles of finance. However, the last couple of decades have seen erosion in its reputation due to the breaching of those very principles. Barclays Bank is oneRead MoreFinancial Analysis of Prime Bank Limited16543 Words   |  67 PagesPrime Bank Limited†-Mohakhali Branch. I started my internship in Prime Bank Limited-Mohakhali Branch on 12th February and ended on 10th May 2012. Throughout my internship period Samina Haque, Senior Lecturer of BRAC Business School was my academic supervisor and Md. Abdul Bari Mollah, Senior Assistant Vice President amp; Manager Operation was my field supervisor. A report on a particular topic is a mandatory part of the internship program. I was authorized to make a report on the â€Å"Financial analysisRead MoreThe Implications Of Bank Specialization On Its Financial Statement Analysis1097 Words   |  5 PagesWhen making a financial analysis on a bank, the type of business it conducts need to be considered. Specialization can lead a bank to operate in different practices and have a varied structure of their balance sheet. If the structure and composition of the bank is not to b e considered, financial statement analysis will provide misleading information. This report will investigate the implications of bank specialization on its financial statement analysis. Specialization Larger banks specialize inRead MoreQuantitative Analysis For The Financial Performance Of Barclays Bank2931 Words   |  12 Pagesthis report is comprehensive quantitative analysis for the financial performance of Barclays Bank. Quantitative analysis is an important method of looking beyond the numbers and understanding the stories they tell. It is quantitative analysis that gives way to qualitative analysis and allows us to gauge the running of a business better. Quantitative analysis is key towards improving our understanding of the relationships that may exist among key financial variables or key factors influencing the performanceRead MoreJamuna Bank Financial Report Analysis3291 Words   |  14 PagesCorporate Profile Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 with its Head Office at Chini Shilpa Bhaban, 3, Dilkusha C/A, Dhaka-1000. The Bank started its operation from 3rd June 2001.   The Bank undertakes all types of banking transactions to support the development of trade and commerce of the country. JBLs services are also available for the entrepreneurs to set up new ventures and BMRE of industrial units.  Jamuna Bank Ltd., the only Bengali namedRead MoreFinancial Performance Analysis of Sonali Bank Limited11974 Words   |  48 PagesFinancial Performance Analysis of Sonali Bank Limited Executive Summary Commercial Banks are one of the key contributors to the economy of Bangladesh. As a commercial bank, how much Sonali Bank Limited contributing the people of Bangladesh in case of forming capital, lending funds, collecting remittances from aboard, controlling default loan and banking services encourages us to study its financial activities and performance. It is the largest commercial bank which was established in 1972 with the

Thursday, December 19, 2019

The Reason Why Israel Wanted A King - 857 Words

During the time of Samuel, the nation of Israel desired to have a king for many reasons. Ultimately, Saul was chosen and rejected, and was succeeded by David, who became a better king than Saul. Unfortunately, after David’s death, Israel was divided due to a sin committed by Solomon. Let’s begin by looking at why Israel desired a king. The main reason why Israel wanted a king was to be â€Å"like all the other nations† (Hindson and Yates 2012). â€Å"Then all the elders of Israel gathered together and came to Samuel at Ramah and said to him, â€Å"Behold, you are old and your sons do not walk in your ways. Now appoint for us a king to judge us like all the nations† (1 Sam 8:4-5 ESV). According to the scriptures, the elders thought that Samuel was too old and his sons did not have the same walk with God that Samuel had. The Israelites not only wanted a king, but a king who would judge them (1 Sam 8:6). The Lord tells Samuel to make them a king since they reject the Lord, but they do not reject Samuel (1 Sam 8:7). Despite God’s warnings delivered through Samuel, Israel chose Saul as their first king. Saul was chosen by God to be the king, according to the scriptures (1 Sam 9:17). The Lord told Samuel, â€Å"Here is the man of whom I spoke to you! He it is who shall restrain my people† (1 Sam 9:17). When Samuel gathers the people together, he reiterates how Israel has rejected God and demanded a king by saying, â€Å"But today you have rejected your God, who saves you from all your calamities andShow MoreRelatedThe Ancient Greeks And Ancient Hebrews1553 Words   |  7 Pagesfor many groups today. However, the reasons for fighting and violence were very different for the Hebrews and Greeks. This can be explained by comparing texts such as The Iliad and the books of 1 and 2 Samuel, which tell many battle stories of the Greeks and Hebrews. To start off, we must talk about the ancient Greeks. As it was made known earlier, the Greeks believed in multiple gods. Each god played a different role in overseeing the world. Zeus was the king of the gods, ruling over Mount OlympusRead MoreEssay on Sauls Tragedy1225 Words   |  5 Pageswas a generous king. Early in his reign he was admired and respected by the people. However, his life turned into a tragedy for one reason. Saul did not trust in God. Saul and his servant had just left the Land of Benjamin because they were in search for Saul’s father asses. Saul had figured that they could not find them and wanted to turn back to tell his father, but his servant suggested otherwise. The servant had suggested that they go see a well-known prophet in the city of Israel. So instead theyRead MoreEvidence of the Resurrection of Jesus1259 Words   |  6 PagesTherefore, God makes several covenants to attempting to reestablish the relationship that was broken by His people. I n this process of renewal, God wanted to include all mankind to partake in this new and last covenant. Gods Covenant with Israel After Adam and Eve sinned by eating the forbidden fruit, sin was in mans’ heart. Consequently, God wanted to destroy human kind but he found favor on Noah. Noah listen to God as God commanded him to build an Ark. God shared with Noah that he was going toRead MorePolitical Economy : A Branch Of Social Science1187 Words   |  5 Pagesprocess. 3) Based on property and wealth, distribution of political power. My topic is the political economy behind good relationship between the USA and Saudi Arabia. So it means the good relationship and behind this what political and economical reason are working. Relationship between USA and Saudi Arabia: The relationship between USA and Saudi Arabia is problematic. The two countries are fully different from one another. One is ultraconservative Islamic absolute monarchy and another is secularRead MoreEssay on 1 Kings1218 Words   |  5 Pages1 Kings Introduction In 1 Kings 18-19 we are introduced to one of the most magical men in the Bible, and to one of the greatest miracles. Along with Moses and Jesus, Elijah is among the great miracle workers of the world. Elijah used miracles to bring Israel up out of shambles, if just for a moment. He also showed extreme faith and perseverance in the face of great odds. But the true character of Elijah lies in his name, which literally means, â€Å"Yahweh is my God (Anderson 246).† PreludeRead MoreThe Man After God s Own Heart898 Words   |  4 Pagesand the second King of Israel. He was considered as a â€Å"Man after God’s own heart†. From a shepherd boy to a warrior, and from a warrior to a King, he lived his life the best he could for the Lord. Through the battles he fought, and the wars he was victorious in, he could’ve ended up in pride considering how great and mighty a King he was. In-spite of his successes in battle, he was known to be a man of humility. David wasn’t perfect; he sinned just like everyone else. Though King David had a recordRead MoreThe Books Of 1 And 2 Kings1531 Words   |  7 PagesThis paper is an analysis of the books of 1 and 2 Kings. It will examine their authorship, structure, flow, and themes. In addition, it will compare their content to the writings of 1-2 Chronicles, Isaiah, and extra-biblical writers who speak of the same events. Lastly, it will examine the author’s place in history as a historian and theologian. AUTHORSHIP Since writer or writers of Kings did not include their name on the document, their identity is unknown. The rabbis in the Midrash Baba BathraRead MoreThe s Theory Of The Palestinian Refugee Problem1438 Words   |  6 Pagesstate of Israel. While many propose ideas why this war has occurred, both of us have come up with our own viable theories. We believe that this war is in relations to Benny Morris s theory of a Jihadist war, Efraim Karsh’s theory of the Palestinian Refugee Problem and Elitist control, and our negotiated theory based on British involvement in Palestine. Benny Morris insists that the War of 1948 was a Jihad: a Holy war. He states that this is one of the reasons for why this war happened, and why theyRead MoreThe Bible Is The World s Most Widely Read Book1590 Words   |  7 Pagesteach important lessons to help humankind live in God’s image. As stated in the ESV Study Guide, â€Å"The Bible contains 66 books, written in three languages over 1,500 years by dozens of authors writing in numerous genres for diverse audiences.† For this reason, the meaning of the texts of the Bible are left to each reader’s interpretations and requires technical skill and spiritual receptivity. This assignment will demonstrate my knowledge and interpretation of the Bible and its big picture. Graeme Goldsworthy’sRead MoreThe Books Of Joshua And Judges Are Very Informative In1714 Words   |  7 PagesThe books of Joshua and Judges are very informative in nature, detailing the events that occurred as Israel entered, conquered, and settled in the Promised Land. These two accounts shine a light on very important events that would shape the nation they would eventually become. Many miraculous events took place in these chapters, as God was fighting and winning battles for His people. These narratives also include many exhilarating and extraordinary battles that are sure to captivate any reader.

Tuesday, December 10, 2019

Tourism Management Of Wimbledon Tennis †Myassignmenthelp.Com

Question: Discuss About The Tourism Management Of Wimbledon Tennis? Answer: Introduction: The report discusses about the tourism management of Wimbledon Tennis Championships. The beginning has a brief description of the event in terms of the type of the event. However, the event chosen for this particular purpose is Australian Open that is a major event. There is also discussion about the advantages and disadvantages of organizing such events. The positive impacts lie in the fact that it is a game for every human from every sphere of life. Then there is discussion about how the emergence of technology that is making the sport a real time experience for the people worldwide. The players also benefited through the technology as they can interact with their fans socially. The report also gives an overview of the negative influence of such events they problems to locals in the peak season in terms of stagnancy in traffic. The stakeholders for the events discussed along with the economic impact of the event in the Australian capital. This is a notable fact that the Australian Open is one of the largest annual sports events in the Victoria calendar. Through the report, one can also see how the Tennis Championships of Australia is also having an impact on the community as a whole. Tourism Event In Terms of Type of the Event Wimbledon Tennis Championships is the most prestigious and oldest tennis tournament of the world. Earlier these tennis tournaments took place on the grass courts of the All England Wimbledon club. Wimbledon includes four Grand Slam tennis tournaments while the others being the US Open, French open and Australian open (Sell et.al 2014). However, 1988 saw a shift in the Australian open to the hard court therefore Wimbledon is the only major played in grass court. Here, the Wimbledon event spoken about is the Australian Open that is a major tennis tournament annually held in January during the last fortnight in Melbourne located in Australia. The venue however chosen is Melbourne Park that remained unchanged since 1988. The Australian Open first held in 1905. Thus, chronologically considered this is also the first among the four Grand slam tournament in the year. The Wimbledon event in Australia includes singles tournaments for women and men, championship events for the junior, mixed do ubles tournaments for men and women and for legends. There are also events for wheelchair bound participants. The tournament however takes place on the two types of hard court surfaces used in the Melbourne Park, located in the Melbourne Sports and Entertainment Precinct. The Tennis Championship in Australia has the highest record for attendance among the Grand Slam event (Loffing, Hagemann Strauss 2012). The Australian Open is also one of the first Grand Slam events that initiated the concept of indoor play during extreme heat or wet weather in coordination with its three primary courts namely Hisense Arena, Rod Laver Area and the refurnished arena of the Margaret Court that has roof which are retractable. The courts have a capacity for 3000 attendants. There have also been plans for building a stadium with a capacity to hold 5000 attendants. However, the game follows a strict dress code for the Royal patronage and the competitors. The notable fact of the tournament is the absence of advertisements from sponsors in the court area. However, as far as coverage goes Australian Open broadcasted globally through television and online by established broadcasters in the sports world. Thus in Australia, since 1973 the Australian open is broadcasted by the Seven Network. During the time of 2003 to 2009, the Australian Open co-broadcasted by Fox Sports. Traditionally, the most watched event of the Australian Open is the final event of the mens single. The Asia-pacific has been however, broadcasting done through the Fox Sports. The Positive and Negative Impacts of the Event Positive Impacts Wimbledon Tennis Championship holds significance worldwide as it brings together people from every occupation. Thus, the game not only attracts celebrities, royalties and global sports stars but also the Australian people at large. The Wimbledon Tennis Championship follows a heritage that includes people from every sphere of life without following the heritage culture. The sports authority therefore strongly believes in the unifying power that sports offer. The game tries to appeal to the collective spirit and thus transcends gender, age and race and ensures everyone with a chance of participation (KnightHolt 2013). Therefore, in a way the sport ensures a delightful experience to the team player and participant but also to the spectators. Thus, the spirit behind the success of the game is its inclusive spirit that has also been a reason for the inspiration of the next generation of players. Through this sport, the young generations inspired by the fact that achievement of goals is possible through hard work. This has resulted in a massive outcome both during and after event. The sport is more than just a two-week event as its preparations done throughout the year. In this context, one can say that the Wimbledon education department has opened its doors for welcoming thousands of students every year (Elliott Drummond 2013). The students include the ones from the primary level to the university level who can learn more about the history of the tournament and about the sport. There is also a community project on Wimbledon launched to reach out to the local people about the various secrets happening behind the scenes and thereby capture their emotions. The commencement of technology and the prevalence of social media have transformed the communication and staging process of the Australian Open. Through the cyber technology, the sport viewed on a real time basis by the rest of the world. Nowadays, additionally each player provided with accounts in various social media platforms along with a personal website to convey their whereabouts to the followers. Negative Impacts During the Wimbledon Tennis Championship there is been a rush of tourist that affects people in the local areas as traffic rush increases. Most of the tournaments last almost two weeks and attracts more than thousands of people from all over the world. Innumerable tourists also hugely affect the environment as they use it as a dumping ground for all their waste materials (Mahtani 2013). Thus, the council therefore carries out a cleaning spree through the collection of around five tones of waste dumped by waiting tourists. The Relevant Stakeholders in This Event The key Stakeholders of the events include (John, Stewart McDonald 2013): Australian Sports Commission (ASC): The commission focuses on driving more Australians for participation and excellence in the sport through the delivery of programs that aligns with the policy objectives of the Australian Government. The commission also provides financial aid and assistance to the various national sporting organizations to ensure participation and quality performance. Additionally, at the same time the commission also stresses on improving the sustainability, capability and effectiveness of the organizations. The commission also marks the spread of effectiveness, alignment and collaboration amongst the sports sector of Australia. Tennis Australia (TA): The Tennis Australia is aiming at making Australia the biggest tennis nation of the country. They not only create great championship but also responsible for creation of active players and devoted fan and at the same time make huge investments. Gradually Tennis Australia is become is gaining favoritism. Tennis Victoria (TV): This body represents all the associations, centers, clubs, regions and members in Victoria. Thus, in fact it is the administrative body of tennis that is located centrally in Victoria and is playing the role of managing , coordinating, promoting and unifying the varied facets that the sports has on offer. Valley Sport: This regional non-profit sporting body came into being for opening up opportunities for active recreation and participation in the sport. The body mainly focuses on being a leader in the development of active and healthy communities. Greater Shepparton City Council: The Goulburn region is among the 11 regions of Tennis Victoria that includes seven local areas of the Government and the volunteers, coaches, players, centers, clubs and associations connected with the places. Therefore, the Goulburn Tennis Network (GTN) plays a vital role in the growth of the game and the developmental activities of the associations and clubs. Thus, GTN considered as the tennis forum of the region that consist of single delegate from affiliated Tennis Victoria association and club of the region. They also work towards the promotion and coordination of tennis activities. Economic Impacts of the Event The major event calendar of Victoria is internationally recognized as the most successful and prestigious calendar of the world. This is because the Australian Open is not only the largest annual sports event played at the premium sporting grounds but also ensures certain contribution to the economy of Victoria by various means. The commencement of the tournament not only drives tourism but also generates jobs (Davies, Coleman Ramchandani 2013). The events also provide assistance in development of the industry and create linkages in the business. Moreover, such events also influence investment decisions and ensure positive community outcomes. These events are also enhancing interstate and overseas reputation particularly with the neighbors in the Asia Pacific region who are paying dividends through contribution of economic benefits to Melbourne and the state across. The profile of the major events of Victoria has put in under a global scale. Thus, Victoria has a generation of about $1.8 billion generated through the spending of approximately 300000 visitors from overseas and state who expresses the urge to be a part of the event. Thus, Victoria known as the sporting capital of Australia with a record number of attendees that counted for 720,363 in 2016 that is higher than the record of 2015. In 2016, Australia Open Tournament, there were attendees of around 48% who came from outside. Out of these 48%, nine percent attendees came from regional Victoria, 26% attendees were interstate, and 13% were oversees. Therefore, during the Grand Slam there was an increase in the number of hotel booked with each visitor opting for 11 nights stay with an average daily spending of $181 each. Conducted survey showed tourist happily recommending others to visit Victoria. There were also some positive outcomes in the community when a record 15,543 numbers of people made their presence felt at the fourth annual Kids Tennis Day taking place at Rod Laver Arena where celebrity tennis players like Novak Djokovic, Caroline Wozniacki and Milas Raonic also makes their presence felt. On the other hand, the inaugural Australian Open taki ng place in Birrarung Marr had a whopping 250,374 number of attendees in the first two weeks. There were around 30,788 families attending the kids world of the Australian Open Festival. Thus, the figures are a proof of the fact that there is no place like Melbourne for the execution of such events and there is no events in the world can match up to Australian Open Tournament. There is not only a drive of visitors from all over the world but is also leading the creation of more jobs and thereby a better economy. Thus, minister of sports, major events and tourism, John Eren, said that there would be more investment in the sporting grounds so that Victoria not only continues to be the home for Australian Open in decades to come but also is included in the travel list of sports lovers across the world. Conclusion: The report draws in a conclusion by discussing the economic impacts of the event chosen. There is however a vivid discussion on how the tournament is affecting the economy in a positive manner and at the same time having a positive impact on the community. The positive impacts of the event discussed along with its negative impacts. Through the positive effects, one can see how Wimbledon is becoming a game for the masses. The negative impacts of the sport in terms of the hurdles in traffic to the local residents avoided through proper traffic management rules. The report also has a part discussing the stakeholders of the tournament and the event in terms of its type. However, the event chosen here is the Australian Open Tennis Tournament. Discussion therefore, focuses solely around this particular event. References: Davies, L., Coleman, R. Ramchandani, G., 2013. Evaluating event economic impact: rigour versus reality?. International Journal of Event and Festival Management, 4(1), pp.31-42. Elliott, S.K. Drummond, M.J., 2013. A socio-cultural exploration of parental involvement in junior Australian Rules football. Asia-Pacific journal of health, sport and physical education, 4(1), pp.35-48. John, A., Stewart, B. McDonald, B., 2013. Mixed doubles: Political hegemony, urban entrepreneurialism and the Australian Open Tennis Championships. The International Journal of the History of Sport, 30(2), pp.162-178. Knight, C.J. Holt, N.L., 2013. Factors that influence parents experiences at junior tennis tournaments and suggestions for improvement. Sport, Exercise, and Performance Psychology, 2(3), p.173. Loffing, F., Hagemann, N. Strauss, B., 2012. Left-handedness in professional and amateur tennis. PLoS One, 7(11), p.e49325. Mahtani, K.R., Protheroe, J., Slight, S.P., Demarzo, M.M.P., Blakeman, T., Barton, C.A., Brijnath, B. Roberts, N., 2013. Can the London 2012 Olympics inspire a generationto do more physical or sporting activities? An overview of systematic reviews. BMJ open, 3(1), p.e002058. Sell, K., Hainline, B., Yorio, M. Kovacs, M., 2014. Injury trend analysis from the US Open Tennis Championships between 1994 and 2009. Br J Sports Med, 48(7), pp.546-551.

Tuesday, December 3, 2019

Stanislavski Essays (652 words) - 19th-century Theatre,

Stanislavski Stanislavski Konstantin Stanislavski was born on January 17th 1863, in Moscow, Russia. His full name is Konstantin Alekseyev Stanislavski. The son of a wealthy manufacturer, he was granted much financial backing for his amateur theatre endeavors. Stanislavski is famous for his introduction of a new method of preparing for plays. His method resulted in remarkable ensemble acting from those who studied his system. His career work would allow him to be seen as the most influential person in Russian theatre. Stanislavski was very vocal about his dislike for the melodramatic style of acting that was popular at that time in Russia and throughout the world. When he finished his schooling, he decided to do something about it. Stanislavski met and became friends with a successful playwright and teacher of theatre named Vladimir Nemitovich - Danchenko. Danchenko and Stanislavski began to discuss ways in which they could change Russian theatre for the better. After a long meeting on June 22, 1897, the two d ecided to form the Moscow Art Theatre. Their new theatre was established with the hope of finding new truth and realism in theatre. In 1906, Stanislavski began to develop a new system for training actors, while at the same time acting and directing himself. In 1913 he set up an experimental theatre called First Studio, where the primary goal was to develop his new acting techniques. This new studio proved to be the training grounds for Stanislavski's new approach towards acting. On October 29, 1928 Konstantin Stanislavski suffered a major heart attack. While this shocking occurrence put an end to his days of acting, it lit a fire under his passion for directing, teaching and writing. He fine-tuned his methods of acting into a scientific approach. This method of his was the result of many years of trial and error. Stanilavski's method required actor's to experience the feeling of living the life of another person. The basis of this approach was that actors must believe everything that is happening on stage. He made this possible by teaching actors to recall their own personal feelings and emotions and use them on stage. By using these past emotions, actors can transform them into the emotions of the character they are portraying. Observation was also another key point of Stanislavski's teachings. He believed that studying people and their behavior was very beneficial for an actor. The more time an actor spent observing, the better actor he or she would become. Another of Stanislavski's teachings he is famous for is his question 'What If'? This has come to be known as the magic if. This technique was designed to make the actor ask the question 'what if I was in this situation'? If the actor feels that what he is portraying on stage is real, then it becomes real for the audience. Stanislavski aimed to produce dramatic characterizations of great realism and psychological truth. He demanded a lot from his students, and they gave it to him. They had to be very intelligent, have complete self-discipline, perfect control of their voice, diction, physical movement and the ability to experience a full range of human emotions. He expected actors to completely analyze their characters so that they could understand why t hey behaved the way they did. He instructed all of his actors to analyze themselves as well as their characters. From the time he began working with Danchenko until his death, Stanislavski committed himself to revolutionizing the system of actor training. Most of his productions were experimental and what he learned in these he applied to his teachings. Stanislavski discovered that actors who recalled their own feelings and experiences and substituted them for those of their characters were able to create a special link with the audience. This allowed actors not to have to rely strictly on inspiration. The superficial reality of the script became unimportant to the emotional reality of the actor. Theater Essays