Friday, March 27, 2020
Research Survey on Use of Opportunity Cost in Project Evaluation at Selected Commercial Banks in the Kingdom of Bahrain Essay Example
Research Survey on Use of Opportunity Cost in Project Evaluation at Selected Commercial Banks in the Kingdom of Bahrain Essay RESEARCH SURVEY ON USE OF OPPORTUNITY COST IN PROJECT EVALUATION AT SELECTED COMMERCIAL BANKS IN THE KINGDOM OF BAHRAIN A RESEARCH PAPER PRESENTED TO THE SCIENTIFIC RESEARCH AND DEVELOPMENT OFFICE AMA INTERNATIONAL UNIVERSITY KINGDOM OF BAHRAIN BY MUBEEN FATIMA August, 2012 ABSTRACT Accounting and Economics work for two different purposes. Today managerial decision making uses economics, as well as accounting concepts, methods practices of scrutiny given by decision sciences. Literature shows that there are four basic tools and techniques of decision making used by economists, these are; augmentation, statistical valuation, projecting, numerical study, and game theory, most of which are equally procedural in nature they helps us to gather the idea of how decisions are made in economics. Since resources are limited relative to wants, the usage of resources in one way hinders their use in other means. This implies the cost of opportunity, which is lost, is actually the profit of whose output is given up, this indicates that, lost time, satisfaction or any other benefit that provides usefulness should also be taken as opportunity cost. Opportunity cost in literature is the cost referred as the next-best choice available to a rational consumer who has to select between a number of mutually distinct projects. It is, thus the key concept in economics. It has been illustrated as conveying the basic relationship between deficiency and choice. Yet its relation to the economic profit is seldom discussed. We will write a custom essay sample on Research Survey on Use of Opportunity Cost in Project Evaluation at Selected Commercial Banks in the Kingdom of Bahrain specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Research Survey on Use of Opportunity Cost in Project Evaluation at Selected Commercial Banks in the Kingdom of Bahrain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Research Survey on Use of Opportunity Cost in Project Evaluation at Selected Commercial Banks in the Kingdom of Bahrain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer CHAPTER 1 INTRODUCTION Background of the Study Prior research work provides us the idea that opportunity costs is one of the key differences between the concepts of economic cost and accounting cost. Being treated as a cost, opportunity cost had always been considered vital in calculation of the true cost of a project has always effected a management accountant decision However the modern economists, particularly the Austrian school of thought treats opportunity cost as something that has neither existence nor has any importance in decision making. Though the field of economics gave birth to the concept of opportunity cost, the awareness about assessing the second best alternate is now taken over by management accounting, today this concept is being taught in academic graduate courses of economics however; in practice, the economists today emphasize on mathematical techniques in decision making there by ignoring various conceptual factors like opportunity costs and worth of projects being missed. Evaluating opportunity costs is important to find out the true cost of any project under consideration. If the financial worth of second best alternative of an investment project is low, then, overlooking that opportunity costs, gives an impression that benefits of next best alternative, cost practically nothing. The invisible opportunity costs then become one of the hidden costs of that particular project. Mr. John Stuart Mill, a British philosopher and a civil servant was the first man to give the idea of Opportunity Cost in his economic theory of free markets as well as explaining his concept of liberty and an individual and freedom of choice. Opportunity costs are thought of as the retrospective costs that cannot be recovered in the field of Economics and Corporate decision making. Opportunity costs are occasionally compared with ââ¬Å"potential costsâ⬠which obviously are the future costs that may or may not incurr depending upon the decision taken. Both past aswell as prospective costs can be either static or dynamic Austrian school of thought pay attention to the concept of opportunity costs on both sides of the market links very deeply to the importance of finance and economic profit estimation in their model of the market process. They argue that the money of an investor having opportunity cost means that his money has many uses but the uses are not unlimited. With the assumption of a market with seamlessly exclusive capital goods, those goods will have no opportunity cost as every exclusive good has only one yield. In a market of seamlessly standardized capital goods, they have no opportunity cost because all of the goods are same in terms of use and benefit thus can be used equally well for each yield. In practice the calculation of project cost by an accountant is different from that of an economist. This variance is not grounded in different fundamentals on what to assess or how, but lies in the basic difference in understanding-of costs and profits. However if opportunity costs are not ignored by the economist then while calculating the GDP of Country the economist must also consider the large scale pearl diving industry in certain areas of Bahrain. Statement of the Problem The study aims to discuss the relevance of the concept of Opportunity Cost in project evaluation procedure adopted by commercial banks in Kingdom of Bahrain. The opportunity cost has different importance in the opinion of economists and accounts professionals and therefore the use of this concept in project costing . This research will attempt to find out importance of Opportunity cost while considering an investment proposal. Specifically it sought to answer the succeeding questions. 1. What is the status of the opportunity cost in project evaluation at Selected Commercial banks in Kingdom of Bahrain? 2. What are the banking operations where opportunity cost is deemed important by Commercial Banks in Kingdom of Bahrain? 3. What are the factors effecting the importance of opportunity cost faced by Commercial Banks in Kigdom of Bahrain? 4. What are the problems encountered in application of Opportunity cost concept by the Bankers while evaluating a project? Assumption The study assumed that the respondents are honest in answering all the questionnaire Significance of the Study The study is beneficial to the following: Decision Makers: the study will help the decision makers in Commercial Banking industry to find the true cost of a project and therefore finding the true profit or loss generated by it Future Researches: the study will help in relating the two concepts i. e, opportunity cost and Project Costing by using the quantitative methodology of research. It will further help in decision making and project evaluation for the accounts Managers and Economists. Scope and Limitation The aim of this study is to deliberate the significance of the concept of Opportunity Cost in project evaluation procedure adopted by Commercial banks in Kingdom of Bahrain. The opportunity cost has different importance in the pinion of economists and accounts professionals and therefore the use of this concept in project costing . The study includes Bank Officers at selected Commercial Banks working in Kingdom of Bahrain. The target population is Executives and managers (top and middle level ) who are directly involved in decision making This research focused on finding out importance of Opportunity cost while considering an investment proposalstudy is conducted in Commercial Banks of Bahrain, the re sponses therefore reflect the most important sector of Bahrain economy. The study is conducted in the natural settings i. during the business hours and responses are taken while the samples are on their work places, therefore 100 percent reliability of responses is not possible due to various un controllable distractions. The period covered by this study is January till December 2012. All the data is collected in Bahrain and responses therefore will represent the local population. Definition of Terms Opportunity Cost (OC) The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action (John Stuart Mil) Economic Value Added (EVA) A measure of a companys financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (Stern Stewart) EVA is also referred to as economic profit. CHAPTER 2 Review of Related Literature and Studies Foreign Literature Mankiw ( 2000) from Harvard University USA and the author ofâ⬠Principles of Microeconomicsâ⬠explained here that Economic profits are calculated by using both explicit as well as implicit costs however Accounting profits are calculated using only explicit costs. Therefore , accounting profits are higher than economic profits Neale( 2001) have found that due to forgoing opportunity costs, delayed decisions can be seen as option between certain loss and the risk of greater or zero loss. Chung, (2005)from Princeton University have conclude in their work ââ¬Å"The Opportunity Cost of Admission Preferences at Elite Universitiesâ⬠that economic cost of a decision relies on the cost of the project that is selected and also the profits that the second best alternative project may had given if selected. This perspective of scarcity of resource leads to the dimension of opportunity cost. Hawkins et. al ( 2008 ) in their article ââ¬Å" Cost and benefit Analysisâ⬠are of the view that the ââ¬Å"next best alternativeâ⬠is an important concept in cost and benefit analysis (CBA). The benefits gone by not implementing the second favorite choice are known as opportunity costs. Opportunity costs are relevant in calculating costs of a project. Opportunity costs help in economic scrutiny. In financial investigation market values are used as the market price for man power has the market value same as a personââ¬â¢s wage The Indian scholars are also of the view that Opportunity Cost of Idle Capacity Zero, supporting the work of (Coase 1938). The researchers of M2 Presswire publications have found that opportunity cost of ignoring the markets, have disastrous results as eBay failed to beat yahoo in this regard. Buchanan (1969 ) says that it is just to bind the term opportunity cost to this idea that only decision changing cost represents an analysis of given up ââ¬Å"opportunities. â⬠and to invent other vivid terms to mention ecision altering cost in a logic of choice and to the objective cost of the predictive theory. Hebert (1985 ) gave a very comprehensive idea about the market value. Yet his belief of fundamental value has quite possibly been a red-herring in the antiquity of economic analysis, according to him market value is sensitive to elements other than ââ¬Å"on record costsâ⬠few of them are independent. Horwitz (2010) identifies the partiality of opportunity costs on either si des of the market connections so well to the importance of capital and economic calculation in the Austrian theory of the market process. Aherns (2008) says that management accountantsââ¬â¢ most prior duty is to relate the available reserves with the future dealings of the business. Whereas this process is rather simpler in economics to determine which of the available alternates is going to pay off highest future cash flows Kearing et. al (2005) are of the view that multiple allocation of capital funds , commercial analysis and manufacturer side opportunity costs are all the unified part of the Austrian ideology. Woodbery (2000) says that the true opportunity cost of using the additional capability is the change in the worth of the firms choices. By emphasizing on the state-contingent nature of best decisions, his framework distinguishes that the cost is not always identical to the present value of explicit venture or manufacturing decisions. Taylor (2005) suggests that many proficient economists may not completely comprehend opportunity cost. Frank (2005) said that comparative prices helps in finding out the comparative worth of ordained opportunities. His hypothesis is based on an indepth study of consumer indifferense curves. According to the author the economic cost is virtually the opportunity cost. Samuelson( 2009) puts stress on a close link between opportunity costs and cost of available resources. Economic cost consist of not only the noticeable monetary purchases or on record financial transactions but also more indirect opportunity costs, such as the profits on the manpower supplied by the owner of a resource company and other returns of similar nature. The factors mentioned are firmly controlled by the quotations available and demand in competitive markets. Henderson (2011), said that by ââ¬Å"opportunity costâ⬠of a resource, the economist mean the financial worth of the second favourite utilization of the available resource. Opportunity costs as in (Lawrance Gitman 2000) are those profits or returns that could be obtained from best alternative use of an a retained asset. So opportunity cost is the cash that shall not be obtained because of engaging an asset in project under consideration. Due to this, opportunity cost should be included as an expense or loss while doing the project evaluation. Raftery et. al(1999) writes that consideration of opportunity cost is essential for the economists while determining the costs. As resources are less compared to the needs, so application of resources in one profitable project hinders their use in other profitable pojects Bauman (2011) says that opportunity cost is the second best choice, he said that it is difficult to clearly frame the opportunity cost as identifying second best choices is a knotty matter. According to him the concept of opportunity cost can only be clearly defined in academic problems as in practical field a project ââ¬Å"price to worthâ⬠calculations are complex Kimberly (1998) said that computerized accounting systems today solely emphasize on cash in and out of the firm, this eventually attracts clever dealers to dump credits that produce a big accounting profits. By the introduction of opportunity cost in persuit of calculating the true costs enforces further control on reporting process. Such concept implication helps the auditors to identify the fake earnings shown in the financial statements made in the year end. Recklies (2001) argues that from economic perspective the cost include all those expenditures that are crucial for perpetual succession of a business as as going concern, it also consist of the reimbursement for owners in shape of profit so that they maintain their investment portfolio within the firm. Marshall (2009) identifies the income as a total of personal skills, capital funds invested, assets possessed and the reputation of the business. Leeson (2008) has explained in his research work the uses if the concept of uncertainty and derives from this concept of the value of information and how it can be calculated. And emphasized upon the role of management accounting in the decision-making Berntell (2005) have focused on the optimum utilization of scarce resources like water to give maximum utility by reducing various costs and losses. For which economist must make a clear cut cost and benefit analysis Dmytrenko (1997 )has elaborated in his price to value investigation the opportunity cost of increased automation in a firm via changing the human resource by computers and equipment Caplan (2003) says that the term opportunity cost is sometimes confusing. Sometimes it is used to submit to the profit foregone from the next best option, and Often it is used to mention the difference in benefit of decision made and the benift of second favourite decision that is given up Fraker( 2006) suggests that EVA is a unique financial performance determining tool . Unlike other financial efficiency ratios, it gives a different outlook of a Bankââ¬â¢s financial health by including the cost of Capital employeed in the business and is more of concern to its shareholders. Shcherbakov( 2012) explains that implication of the concept of EVA is an enhanced measuring technique to find out the effect of internationalization on the commercial performance of any business King (2009) explained that Accountancy and Economics work for different purposes. He explained the multi-national corporation scenarios and compared the use of economic profits with that of accounting profits Local Literature (Hasan Al-Basteki 1998) worked on the use of modern Accounting techniques in the decision making in Bahrain and he concluded that not just the western world is implementing the new costing techniques but the middle east is also adopting the modern techniques Synthesis of the Literature Review The synthesis of the literature reviewed enlightens few similarities and differences with this research studies . The main similarities found in the literature are as follows i) Opportunity cost has been used in different parts of the world particularly in Banks and Construction industry ii) The No. f alternatives available influence the Opportunity Cost iii) Economic factors like inflation has effect on the project evaluation by the Banks . A closer review of these research papers show that Economists belonging to the Austrian school of thoughts are of the view that i) Opprtunity cost is not as important as Economic Profits are for economic decision making ii) Scarcity of resou rce is a factor which effects the decision makers approach The literature explains the significance of opportunity cost in framing the actual picture of the financial position of a company, same is the case evaluation of an investment project. Opportunity cost helps identifying the true cost of a project Opportunity cost is important in the determining the accurate financial position, hence in this research the relationship between the factors effecting opportunity cost and decision making is under study Theoretical Frame Work The study tends to explore the Opportunity cost and EVA for a given project in order to understand their relationship with each other. Very little literature is available in Economics and Accounting to determine the true profits of an organization(Denise Woodbery). The idea behind this research is to establish the nature of relationship between Economic value added that reflects the monetory importance of a given project or in other words the economic profit and that of Opportunity Cost that reflects the accounting profit of the same project. Conceptual Frame Work The idea behind this research is to find out how effective is Opportunity cost in project evaluation perceived by the Bankers in the Kingdom of Bahrain. The data is collected and analysed to understand what status opportunity cost concept holds in project financial evaluation and its relative efficiency perceived by the bankers at selected commercial banks of Kingdom of Bahrain The study tends to explore the two concepts for a given project in order to understand their relationship with each other. The Opportunity cost as discussed in literature like any other relevant cost adds to the overall project expenditure (Ferraro Laura O Taylor) Opportunity cost effects the total Cost of a Project , any increase in Opportunity cost means increase I nthe total cost of the project The higher the Opportunity Cost of a Project is the Smaller will be the net profit of it However the higher the net profit of the project is Opportunity Cost of the Project will be lower. Financial decision making tends to go for a project with smaller cost and hence inclusion of opportunity cost will alter the project cost and alter the decision ultimately. Various factors like availability of alternatives (James Raftery 1999), Scarcity of resources (Robert Frank 2005), Economic factors like trade cycle recession, inflation (Peter T leeson 2008) effects the use of opportunity cost in Project costing CHAPTER 3 RESEARCH METHODOLOGY This chapter presents the research design and methodology, sampling design, respondents of the study, research instrument, validity and reliability of the instrument, data gathering procedures, and statistical treatment of the gathered data. Research Design This study used the descriptive type of research which involves assembling data which provide knowledge about the variables and then systematically tabularizing, portraying, and defining the data gathered (Glass Hopkins, 1984). To get evidence concerning the current standing of the incidences to describe what happens in terms of change in value of the variables or settings in a state of research.. Opportunity Cost reflects the monetary importance of the next best alternative project. The study helps to find out how effectively this concept is incorporated in project evaluation procedure Research Design This is a descriptive research in which the population from which data is collected are the Management Personals from different business concerns established and working in Kingdom of Bahrain, directly or indirectly associated with the decision making and investment evaluation . Respondents of the Study The target population includes the working class particularly the managers , assistant managers and executives who work in Bahrain and their field esponsibility include Investment Analysis ,Project evaluation and decision making of similar nature. Sample Size The sample size is 50 and the response rate is well above the international standard of quantitative research required to validate the result of the study Sampling Design There are many methods of sampling; however for this study Random Sampling is used that is from the target population a sample of 100 is coll ected on random basis. The study uses random sampling for convenience and to avoid bias of respondents that work in one organization have one opinion(as in cluster sampling) Research Instrument The instrument used in this study is Questionnaire, the content of the questionnaire that consist of 20 queries the first five of which are about the general information of the respondent, remaining queries for which the respondents will answer on a Likert Scale. All the queries will help to find the relation between the two variables Opportunity Cost (IV) and Decision Making (DV) Part I: Provide demographics of the respondents in terms of age , gender, educational attainment, work experience in years Part II: Provide the data about the respondents opinion on various factors that influence their decision while making financial evaluation of a project. The answers to these questions will be given on a five point rating scale. 5. Strongly Agree 4. Agree 3. Moderately Agree 2. Disagree 1. Strongly Disagree Validity of the Instrument The validity of instrument is carefully checked by the research committee that includes research professors, statisticians and advisors. The recommendations were incorporated. The justification of this validation was to avoid vague items and bias statements which have been correctly achieved. Reliability of the Instrument The questionnaire is pre-tested to test the reliability of it, with a small group of individualsworking in different companies in the Kingdom of Bahrain, in order to check their understanding of the questions. Data collection Method Questionnaire copies were distributed among bank officers in different branches of distinct commercial banks in various regions of Kingdom of Bahrain. The target respondents are expected to be acquainted with the subject and questions, included in the questionnaire. There are other methods of data collection like documentary analysis and interview however for this study survey methodology is opted. A copy of questionnaire is provided in the appendix Statistical Treatment of the Data There are many choices of appropriate statistical methods however Correlation Coefficient as statistical method is used, so to find out the relation between the two variables. The survey form was used the Likert five point scale for the respondents to choose from as follows: [pic] Very few enterprises are using opportunity cost for just one reason. It is clearly evident that Opportunity cost related information is being used to accurately manage wide range of activities across a banking organization. Activities influenced by Opportunity cost calculation Activities |% of respondents | |Product Costs Profitability |65 | |Performance Measurement |47 | |Shared Service Costing |41 | |Planning Budgeting |40 | |Customer costing |38 | |Customer/Channel Costs Profitability |38 | |Transfer pricing |25 | |Outcome / Output based management |25 | Expectedly, opportunity cost is used for product costing by approximately two by three of those respondants working in banking sector. It ââ¬â¢s precision over traditional costing methods is borne out later in the survey with 87% finding that their Opportunity Cost product costs differed substantially from traditional costing methods, leading around 50% to reprice their products as a result! Validating the views expressed by Kaplan Norton in their latest book ââ¬ËStrategy Maps: Converting Intangible Assets into Tangible Outcomesââ¬â¢, which lays emphesisis on the importance of using Opportunity Cos to support a Balance Scorecard, nearly half of all respondents are using their Opportunity Cost data to support their Performance Management The use of Opportunity Cost to support Shared Services costing has increased in popularity over the last few years. Now that internal services are represent up to 30% of an organisationââ¬â¢s costs, it has become imperative to accurately reflect how those services are consumed by business units. Over 40% of respondents are using opportunity cost to support Shared Service costing, enabling them to understand who and what is driving consumption of their internal services, and thereby increasing the effectiveness of their focus an core business. These trends are repeated by those who do not yet use opportunity cost, but are plannin g to. They want to use opportunity cost to support Initiative |% of respondents planning to use OPPORTUNITY COST | |Product Costing |55 | |Planning Budgeting |36 | |Customer costing |27 | |Process/Continuous Improvement |27 | The most noticeable difference is that only 18% are planning to use the information to support Performance Measurement. This could well be because the ease of which opportunity cost lends itself to Performance Measurement is not evident until an opportunity cost is up and running. Alternatively, the respondents may be looking to introduce opportunity cost to solve a pressing business requirement, and the links between Opportunity Cost and performance metrics are not immediately apparent. Opportunity Cost for Planning The emphasis of Bankers has moved from historical costs to future costs. An enormous 94% of those questioned are now using opportunity cost, or plan to use, opportunity costs for developmental drives. Opportunity cost Planners are looking at all aspects of their organisations in order to identify improvement opportunities. Some 60% are looking to identify process improvements, with 55% looking at activity level improvements via resource planning, and 49% looking to affect strategy formulation. However, only 13% are questioning their organisationââ¬â¢s process design in a fundamental way. Consistent with historic uses of opportunity Cost planning data is being used to support a variety of initiatives, although there is a surprising focus on opportunity cost for goal setting. |Initiative |% of OPPORTUNITY COST Planners | |Shared Service Costing |51 | |Product Costing |49 | |Defining team/dept goals |27 | |Defining organisational goals |13 | Product/Service Costing and Customer Profitability By using cause and effect tracing rather than allocations, opportunity cost better reflects the value chain of how organisations consume costs and provides more accurate product, service and customer costings than achieved using traditional costing techniques. The difference in opportunity cost product costs to absorption or other allocation based costings can be dramatic. The survey shows that 87% of practitioners found that their product and service costs differed from traditional costings markedly. The majority had an average variation of between 5 and 10%, which can be dramatic at a gross or net margin level. However, a surprising number of respondents (11%) experienced variations of over 100%! |Average variation |% |Maximum variation % | |0 |13 |; 10% |25 | |1-5% |15 |10-25% |17 | |5-10% |26 |25-50% |25 | |10-15% |13 |50-75% |14 | |15-20% |10 |75-100% |8 | |; 20% |23 |; 100% |11 | Cost Reduction and Process Improvement That ABC can improve your bottom line is beyond doubt, with potential cost savings amounting to 25% of cost bases being identified. Some organisations are yet to find where they can reduce their costs, but it is worth noting that over 70% of those who have not identified cost savings have less than 100 activities in their model. Whilst it is important to prevent ABC models become too large and unmanageable (primarily because they can induce analysis paralysis), it is essential that a reasonable level of detail is available, so that there is sufficient information on which to make cost reducing or revenue enhancing decisions. After all, profit outcomes are the result of process design and activity workflow Maximum potential cost saving as a % of cost base |% | |0% |18 | |1-5% |21 | |5-10% |33 | |10-15% |8 | |15-20% |13 | |20-25% |2 | |;25% |5 | A variety of methods are being used to help organisations translate their ABC data into real cost reductions. Cost driver analysis is the m ost frequently used method for aiding cost reduction and/or process redesign, with 67% of organisations using this technique. Process mapping and benchmarking are also popular, as is repricing of products and/or services, and analysis of the value that an activity adds to an organisation. Top techniques used to aid cost reduction |% | |Cost driver analysis |67 | |Process mapping redesign |52 | |Benchmarking |52 | |Repricing |50 | |Value adding analysis |42 | |Product rationalisation |38 | |Value chain analysis |32 | Conclusions ABC can, and does, add value to organisations. 96% of respondents have found the experience to be beneficial to their organisations, and 98% are expecting their implementations to deliver even more positive returns on their investment in the future Level of benefit delivered by ABC |% achieved |% future | |Adverse impact |4 |2 | |Negligible benefit |22 |13 | |Moderate benefit |54 |60 | |Substantial benefit |20 |25 | Regardless of the benefit analysis above, respondents recommend the use of ABC unanimously! In particular, practitioners recommend using ABC for product costing and cost reduction, to derive the most benefits, although there is a general belief held by ABC practitioners that the methodology should be broadly used as shown below. ABC supporting |% of organisations | |Product/service costing profitability |80 | |Cost reduction |65 | |Continuous Improvement Program |56 | |Business Process Re-engineering |55 | |Shared Services Costing |51 | |Customer, channel or value chain analysis |44 | ABC is generating real benefits for all sorts of organisations across Australia. These benefits can only increase as more organisations are looking to start an ABC project for the first time, but the full potential of ABC will not be realised as so many existing ABC users are still not employing ABC to its full capabilities. It is important that experienced ABC compani
Saturday, March 7, 2020
Does the Poetry of the First World War reflect the changing attitudes to War Essays
Does the Poetry of the First World War reflect the changing attitudes to War Essays Does the Poetry of the First World War reflect the changing attitudes to War Paper Does the Poetry of the First World War reflect the changing attitudes to War Paper Essay Topic: Jessie Pope War Poetry Poetry Poems in the early part of the First World War were pro war which means that they were saying that the war was good fun with women and uniforms. The main aims of the poems were to get men to join the army and fight the Germans. After two years of the war in July 1916 the battle of the Somme took place, 60,000 English soldiers died each day. Anti war poems started to be written about how bad war really was, but these poems were hardly ever published in newspapers or magazines, as they still wanted men to join up to fight. The two pro war poems that I have chosen are Fall In by Harold Begbie and Whos for the Game by Jessie Pope. The Recruiting poems of 1914 were required because, unlike most European countries, we did not have conscription and therefore did not have a large army. They saw the war was going to be long and hard and recruiting poems and posters made people volunteer for the army until conscription was introduced in 1916. Fall In by Harold Begbie does exactly what it is meant to do. It makes people feel ashamed about not going and fighting for your country. The title Fall In is like a command, which they use in the army saying you must fall in, group together and fight. It also has another meaning say you are going to fall in to the army. You do not have a choice but you will fall in. Begbie says: What will you lack, sonny, what will you lack. When the girls line up on the street, shouting their love to the lads come back These are the first three lines and are saying that when the other men who joined up for the army come back, you will be left on your own with all the girls wanting the army men. And grin till your cheeks are red? Here the man Begbie is talking about his embarrassment about not being in the war and his face is going red. When your children yet to be clamour to learn of the part you played Begbie is saying that if you have children who are yet to be born and they want to know about what you did in the war, what will you do when you cannot answer them? You will miss out on your children looking up to you; this is what Begbie is saying. When you sit by the fire in an old mans chair and your neighbours talk of the fight Again Begbie is telling you when your friends will talk about the war for years to come they will not respect you when you answer that you did not go. Begbie is saying that you will miss the respect from friends. Your head shamed and bent? Or say I was not the first to go. But I went, thank God, I went Begbie is saying this to make people who have not gone to war yet feel that it does not matter that you have not gone yet, but there is still time to join to get all the things I just said you will miss. In the last stanza Begbie is saying if you do not join up and the war was lost it will be your fault that we lost. Begbie is trying to make the shirkers feel ashamed for not volunteering by telling them of the things they will miss out on. Things like, the women when you return from war, by your children looking up to you and the respect of your friends and neighbours when they talk about the war in years to come. Then towards the end of the poem he says that you can join up now, you were not the first to go but you went. The second pro war poem I will look at is Whos for the Game? by Jessie Pope. The great soldier poet, Wilfred Owen, particularly detested her. In this poem she tries to make war sound like a game. The poem is based on the game rugby. Pope says: Whos for the game, the biggest thats played? She is saying who wants to join the army, come on, its just a game come and play. Who would much rather come back with a crutch, Than lie low and be out of the fun? Pope is saying that it is better if you go to war and get injured than just having to lie low, rather than people talking about you not going to war and missing out on all the fun of war. Throughout the poem Jessie Pope uses slang, sit tight and up to her neck. She does this because it will be young men joining the army and they do not want to be sitting in the pub reading a formal poem, which they will not understand and just read the first line and put it down. They want to read in the way most of these men would talk. Rupert Brooke was a highly popular pro war poet. He was unaware of the conditions in the trenches which motivated by poets such as Wilfred Owen, Isaac Rosenberg and Siegfried Sesson on the front line. The two anti war poems I have chosen are Dulce et Decorum Est and Disabled. I felt that of the poems that I was given to choose from, these two told a tragic story of what war was really like. Wilfred Owen at the time seemed to be bitter. His reason for being bitter is that he read the pro war poetry by writers such as Jessie Pope, who was writing about the joys of war, how fun it was and how the ladies will love you. I have chosen Dulce Est because the poem describes the hardships for a group of soldiers who have to struggle through the life of war in the trenches. I have chosen Disabled because it shows the struggle of one man who has lost his legs and his arms at the elbow. All he has are the memories and they seem to become more distant as the days go on. Dulce et Decorum Est Pro Patri Moria translated into English means It Is Sweet And Honourable To Die For Ones Country. If someone is reading the poem for the first time and learns of the English meaning of the title before reading the poem they may feel it is a poem that makes you think of the army in a good way. After reading the poem a number of times I have come to a conclusion that Owen named the poem this because of the strong statement that he makes in the poem. In a way I get the feeling that Owen was mocking the saying but I dont think he was mocking the army as a whole. The first stanza is not like how a pro war poem starts they are not all having a laugh wearing nice uniform, being cheered at by the ladies, they are staggering through mud, tired bleeding, and this is was Owen wanted you to think what war was really like. Owen says Bent double, like old beggars under sacks, Knock-kneed, coughing like hags Own is trying to say that these men came into the army as fit young men and now war has turned them into old hags, bent over and staggering. Till on the haunting flares we turned our backs The soldiers are fed up. They are so tired that even when the flares go off behind them they dont have the energy or even feel like turning around to see them. And towards our distant rest The reader and the men are lured into a false sense of security as we think they are safe from bombs. Blood shod Owen says this because they have been walking for a long time and is like they are wearing shoes of blood but what he is really saying is they have been treated like animals because Horses hoofs are shod. The men have been treated in an inhumane way, like they are worthless. Drunk with fatigue Owen is saying that the soldiers are so tired that it is as though they are drunk. Owen is trying too saying that the soldiers are as though they dont know entirely what they are doing. They are just being led along like zombies. Of tired, outstripped Five-Nines that dropped behind them Fine-Nines are gas bombs that the Germans used in the war. Owen is saying that the men are so tired that they are just blanking out the sounds of these gas bombs, as they are behind the lines and think they are not in range. The bombs are personified as is they are moving slowly and are weary. The pace of the poem quickens in the 2nd stanza. The soldiers are woken by a gas attack. This effectively shatters the mood that Owen has told of us in the opening stanza. The soldiers are now woken by the fact that their lives are in danger and they now have to be fully aware of all their surroundings. Owen says Gas! GAS! Quick boys! The men have just woken up they are still half-asleep the first sign of Gas is in lower case as they have just seen what going on. The second GAS is the man shouting for their lives as they try to find their gas masks. Dim through the misty panes and thick green light, as under a green sea, I saw him drowning The green light Owen talks about is the gas falling down on them. Owen uses a simile saying that the man is drowning in a green sea, which he means by the colour of the gas looking like the sea. The reality is that the man is drowning, when a gas attack takes place, the lungs fill up with fluid and drown on your own bodily fluids. The ecstasy of fumbling Owen does not mean that there is an adrenaline rush. But medically it means a morbid state of nerves, which means that your nerves are making you think of one thing to do, which in this case, is to put your gas masks on. Fitting the clumsy helmets Owen is either saying that the men are clumsy in putting the helmets on or the helmets clumsy by letting the gas in. Owen tells us how this memory has stayed with him. The sight of a dying man lunging at him in a plea for his life. In the short 3rd stanza, Owen seems to have a great fear of the gas attacks when he talks of them. Owen talks of all of the nightmares he has had because of the war and this event. Owen says In all my dreams before my helpless sight Owen is dreaming about that man, which was dying before him Owen dreams about it because there was no way in which he could help him. The 4th stanza is back to the slow pace of the 1st stanza. In this stanza Owen is accusing the pro war poets of doing this, making young men to join the army and just to go to their deaths. He was addressing mainly Jessie Pope because on the original draft he writes under the title, To Jessie Pope He describes how the man was taken away and then Owen walked behind and saw his face. Owen is still haunted by the nightmare. If in some smothering dream Owen describes his dreams as smothering because when he sleeps that is all he can think of the man dying. We flung him in The dead bodies are treated like meat there are so many deaths it becomes like a routine thing. In the first stanza he say blood shod like animals are shod once again here is another reference to them being treated like animals. My friend, you would not tell with such high zest to children or ardent for some desperate glory. Owen is saying that if you could see the things he had seen then you would not believe the lies that the pro war poets tell you. By saying this he is expressing the bitterness he has not only for the army but the situation as a whole. Owen adds more examples of this throughout the last stanza. Owens main question to the reader in the last stanza is before going into the army think carefully of what you are doing as you might get and see something in great contrast to what you may have imagined. The poem is describing a terrible shocking death by gas, how can it be sweet and honourable to die for ones country if you die like this. This is the country that sold him the old lie. Dulce ET decorum est. pro patria moria. In Disabled Owen is describing a man who has no legs and his arms have been amputated at the elbow. He is in an institute, a nursing home of some sought. This poem is an angry response to the type of patriotic poetry with made light of disability and which glorified death. Instead of writing and millions of dead or injured, he focuses on one person. Disability is not on the battlefield with bombs going off and people being blown up, it is at home, after the war, after the glory of winning. People will only think about the men who died in the war, not the people how have been, dehumanised and will have to sit in some home for the rest of the their lives. This is why the poem comes across as so shocking because in the days of the war people didnt know about the disabled people just about the people who died. Till gathering sleep The man is waiting for the night to come for him to sleep, as he hates to die, as he cannot do anything. I think the man sees sleeping as an alternative to death and he wants to end his life. Owen tell us about how he used to be, before he became injured, he used to like going out to have fun on the town at night, but now he just wants to go to bed and forget about the memories At the start of the 4th stanza it says, One time hed liked a blood-smear down his leg, This is ironic as he liked getting injured and bleeding and it is as if he enjoyed it now it has got it a millions time worse. It was after football, when hed drunk a peg. Hes thought hed better join He had drunk a peg of beer so he was probably not in the right frame of mind when he decided to join the army. It also says Someone had said hed look a god in kilts, Thats why; and may be, too, to please his Meg He is saying that he joined the army because he would look good in a uniform. I many of the pro war poems say that is one of the good things about war the uniform. He also joined because of a girl called Meg, who he was trying to impress, which it also says in pro war poems that when you join the army you get all the women wanting to be with you. The young man had lied to get in to the army Smiling they wroth his lie; aged nineteen years The men who were recruiting even knew that he was lying but they still wrote his name down. Germans he scarcely thought of he join the war note knowing about what was going on he had never thought about the Germans before. He talks about the evenings. He says that at this time the towns atmosphere was fun and happy everyone is dancing having fun. Owen makes the town sound romantic so that would feel for the man more. He says the girls look upon like he has some kind of disease. He talks of how he will never again feel the waist of a woman. He also talks about how he threw away his knees in the war. His was once a lovely face which now he looks old. His back is now in a brace and this was the back that was not so long ago was a strong as anything. He has lost his colour just like losing blood. He feels as though he has poured his life away down endless shell holes; he wonders what he has been given for this. Nothing. And leap of purple spurted from his thigh. Owen says And no fears of fear have come yet He had thoughts of all the swords and other weaponry that he would receive in the army. He had great thoughts of wearing the smart uniform. He thought that playing football was great, the buzz he got from the cheering. People thought of him as hero. He thought that people would cheer for him in the army; he wanted to be a hero in the army. He thinks of the army spirit, the pride in his unit. He tells about how he was given cheers and the noise of the drums as he leaves. He is so very optimistic. When he is brought back the cheers were not like the ones before the cheers are in contrast to what he imagined. This is ironic to him. Only a few people cheered when he came back only one man inquired this man was the priest. He will spend the next few years doing as the rules say. People will just take pity on him. He talks of how the women ignore him for the strong people. People with all their body. His final thoughts of the poem are one of total depression. He thinks that life is pointless. He is so helpless he cant go to bed without someone being there to help him. He feels as though he only has a few years left. He wants to be put to death as he feels like he has nothing to offer or that his life tolerable and he feels as though nothing that he does or feels will make him feel his life is worth it. As you can see from both poems they are very powerful. Each of the two poems makes a statement. One difference between the poems is that Dulce Est is a view on the army that concerns a whole array of the army. With Disabled it is just a description of the pain of one person. One thing that I feel both poems have in common is that they both talk about how they were lied to and how they were sold a lie. This is true, If a person wanted an example of army life at its worst then I would show them Dulce ET Decorum. However if I was asked about a poem that describes a poem where a person can see how the war affected people. II would recommend the latter Disabled is in my opinion the most moving of the stories as it represents a mans struggle for his life. This man can offer nothing to his country now. He cant even offer himself something that he feels will make his staying alive worth it. Whilst the majority of the people in Dulce Et are still alive this mans soul, has in effect died. He has lost his colour and cant get used to the fact that he is unpopular. I find Dulce Et Decorum to be the more shocking of the two poems. My reasons are as follows, although Disabled is a very moving and powerful poem in its own right, it only describes the view of one person in the army. I think that what makes Dulce Et so powerful is that Owen speaks for the masses in the army when he talks of the daily horrifying sights and regular attempts by the Germans to gas them. Reading these poems can enlighten a person. Many people say that they live stressful lives and are under extreme pressure. If you think of what these young men must have gone through it can put a lot of things in to perspective. Day in day out these men had to have the weight of a nation on their shoulders this is before they have to dodge land mines and gas attacks.
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