Paola Fiore SDA Bocconi Presentation 22-05-2012

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    SAN SAUNN \DBBFUY G@Y^YSFDKFEDBDST

    Igoogkbt" zn unigjkdxn

    saunn \dbbfuy g`

    Y~ysfdkfedbdst8 Ygidnst"Nigbgjtfkc Nigkgot+

    Fbsag~ja" sanun dy fbyg f

    `g~usa |dbbfu sg igkydcnu8Jgpnukonks+

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    Ygidnsfb Y~ysfdkfedbdst dy igkinuknc zdsa san

    znbb endkj g` i~uunks |ng|bn" e~s fbyg `~s~un

    jnknufsdgky+ Sag~ja igoogk un`nunkin sg

    Ygidnsfb Y~ysfdkfedbdst dy san %ynpnksa

    jnknufsdgk% ysnzfucyad|" zadia unv~duny safs

    dk fbb fisdgky zn igkydcnu san knncy g` san

    knqs ynpnk jnknufsdgky" kgs h~ys g~u gzk

    jnknufsdgky knncy+

    Ds fbyg dkib~cny san knnc sg dkigu|gufsn

    y~ysfdkfebn |ufisdiny dksg i~bs~ufb kguoy dk

    gucnu `gu san ygidnst sg |nuydys+

    YGIDNSFBY^YSFDKFEDBDST

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    NIGBGJDIFBY^YSFDKFEDBDST

    Nigbgjdifb y~ysfdkfedbdst dy igkinuknc zdsa

    san anfbsa g` san kfs~ufb nkpdugkonks" san

    igkynupfsdgk g` kfs~ufb unyg~uiny" fkc san

    |unynupfsdgk g` nigytysno `~kisdgky|nu`guonc et dkcdpdc~fb onoenuy fkc san

    nigytysno fy f zagbn+

    Ds unv~duny safs ~yn g` kfs~ufb unyg~uiny kgs

    nqinnc san if|fidst g` fk nigytysno sg

    unjnknufsn sano" mkgzk fy san ifuutdkj

    if|fidst+

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    Nigkgodi Y~ysfdkfedbdst ~yny san igkysu~is

    mkgzk fy san Sud|bn Egssgo Bdkn !SEB$" gu

    Saunn \y !\ugsts" \ng|bn" \bfkns$ fy g||gyncsg san sufcdsdgkfb %Egssgo Bdkn%" zadia gkbt

    igkinuky dsynb` zdsa ogknsfut y~iinyy+

    San Sud|bn Egssgo Bdkn igkydcnuy nigkgodi

    |ugstsfedbdst igo|func sg nkpdugkonksfb

    afuo gu sg ygidnsfb afuo+

    NIGKGODIY^YSFDKFEDBDST !6'>$

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    San SEB dy fk fiig~ksdkj `ufonzgumsafs

    dkigu|gufsny san saunn cdonkydgky g`

    |nu`guofkin8 Ygidfb" Nkpdugkonksfb fkc

    Nigkgodi !Y~ysfdkfedbdst Un|gusdkj$+

    San SEB cd``nuy `ugo gsanu sufcdsdgkfb

    un|gusdkj `ufonzgumy fy ds dkib~cny

    nigbgjdifb !gu nkpdugkonksfb$ fkc ygidfb

    onfy~uny safs ifk en cd`sti~bs sg fyydjk

    f||ug|udfsn onfky g` onfy~unonks+

    NIGKGODIY^YSFDKFEDBDST !5'>$

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    Nigkgodi Onfy~uny8 Nigkgodi pfudfebny

    g~jas sg en pfudfebny safs cnfb zdsa san EgssgoBdkn fkc san stgz g` ogknt+

    Ds ig~bc bggm fs dkigon gu nq|nkcds~uny" sfqny"

    e~ydknyy ibdofsn `fisguy" no|bgtonks" fkc

    e~ydknyy cdpnuydst `fisguy+

    NIGKGODIY^YSFDKFEDBDST !9'>$

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    Nkpdugkonksfb Onfy~uny8 Nkpdugkonksfb

    pfudfebny yag~bc un|unynks onfy~unonksy g`

    kfs~ufb unyg~uiny fkc unstnis |gsnksdfb

    dkst~nkiny sg dsy pdfedbdst+

    Ds ig~bc dkigu|gufsn fdu fkc zfsnu v~fbdst"

    nknujt igky~o|sdgk" kfs~ufb unyg~uiny" ygbdc

    fkc sgqdi zfysn fkc bfkc ~yn'bfkc igpnu+

    Afpdkj bgkj/ufkjn sunkcy fpfdbfebn `gu nfia g`

    san nkpdugkonksfb pfudfebny zg~bc anb| ~ydcnksd`t san do|fisy f |ughnis gu |gbdit zg~bc

    afpn gk san funf+

    NIGKGODIY^YSFDKFEDBDST !3'>$

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    Ygidfb Onfy~uny8 Ygidfb pfudfebny un`nu sg

    ygidfb cdonkydgky g` f igoo~kdst gu unjdgk

    fkc ig~bc dkib~cn onfy~unonksy g`

    nc~ifsdgk" nv~dst fkc fiinyy sg ygidfb

    unyg~uiny" anfbsa fkc znbb/endkj" v~fbdst g`

    bd`n fkc ygidfb if|dsfb+

    NIGKGODIY^YSFDKFEDBDST !>'>$

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    JGPNUKONKSFBY^YSFDKFEDBDST

    Jgpnukonksfb Y~ysfdkfedbdst |udofudbt |~yany

    `gu bnjdybfsdgk safs `~usanuy san gsanu saunn

    igo|gknksy g` Y~ysfdkfedbdst" fisdkj fy f

    ysnzfuc g` igoogk unyg~uiny fkc san |~ebdi

    znbb endkj `gu ofkt jnknufsdgky" kgs gkbt san

    |unynks igkysds~nksy+

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    Y^YSFDKFEDBDST F

    YSUFSNJDI DYY^N !6'3$ Y~ysfdkfedbdst anb| ~y ynn unbfsdgkyad|y

    ensznnk dyy~ny fkc ogun fii~ufsnbt

    `gunifys zafs oft gii~u dk san `~s~un+

    Y~ysfdkfedbdst nqfodkny g~u zgubc fy f

    zagbn ytysno" unpnfbdkj saunfsy fkc

    g||gus~kdsdny+

    Ds `guiny ~y sg ynn unbfsdgkyad|y ensznnkygidfb" nigkgodi fkc nkpdugkonksfb sunkcy+

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    Y~ysfdkfedbdst iafbbnkjny ~y sg ofmn

    cnidydgky safs ifk do|ugpn san nigkgot" san

    igoo~kdst fkc san nkpdugkonks+

    Sady iafbbnkjn oft ynno `fu g~sydcn san

    yig|n g` e~ydknyyuny|gkydedbdst+ Zat yag~bc

    e~ydknyy nqfodkn dsy do|fisy gk y~ia dyy~ny7

    +++Dk f jbgefb fkc igkknisnc zgubc" zafsaf||nky nbynzanun ifk f``nis ~y+++

    Y^YSFDKFEDBDST F

    YSUFSNJDI DYY^N !5'3$

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    Zat Y~ysfdkfedbdst dy cufzdkj yg o~ia

    fssnksdgk7

    6$ Sufky`guofsdpn zgubczdcn sunkcy=

    5$ Y~ysfdkfedbdst dy f kfs~ufb nqsnkydgk g` gsanu

    gujfkdxfsdgkfb iafkjny=

    9$ Kfs~ufb unyg~uiny fun kgz f bdodsdkj `fisgu=

    3$ Nkpdugkonksfb dyy~ny fun enigodkj jbgefb=

    Y^YSFDKFEDBDST F

    YSUFSNJDI DYY^N !9'3$

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    >$ Anfbsa igkinuky fun udydkj=

    0$ Ygidfb" nkpdugkonksfb fkc nigkgodi `fisguy fun

    iunfsdkj dkysfedbdst=

    :$ Nknujt y~||bt dy f ydjkdstifks saunfs=

    1$ Sanyn |ugebnoy fun ~kigpnudkj knz

    g||gus~kdsdny= fkc"

    4$ Y~ysfdkfedbdst snkcy sg |ugc~in o~bsd|bn"

    ~kdksnkcnc enknstsy+

    Y^YSFDKFEDBDST F

    YSUFSNJDI DYY^N !3'3$

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    SAN ENKN@DSY G@

    Y^YSFDKFEDBDST !6'5$ Anun fun ygon g` san enknstsy zn yag~bc

    nq|nis zank zn noeufin Y~ysfdkfedbdst8

    6$ Unc~in nknujt" zfysn fkc igysy=

    5$ Cd` nunksdfsn g~uynb` fkc g~u gujfkdxfsdgk=

    9$ Ydcnysn| ~s~un bfzy fkc unj~bfsdgky=

    3$ Iunfsn dkkgpfsdpn knz |ugc~isy gu |uginyyny=

    >$ G|nk knz ofumnsy=

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    0$ Fssufis fkc unsfdk san enys no|bgtnny=

    :$ Do|ugpn g~u igo|fkty dofjn zdsaysfmnagbcnuy fkc san |~ebdi=

    1$ Unc~in bnjfb udym fkc dky~ufkin igysy=

    4$ \ugpdcn f adjanu v~fbdst g` bd`n fkc zgum+

    SAN ENKN@DSY G@

    Y^YSFDKFEDBDST !5'5$

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    SAN SAUNFSY G@

    Y^YSFDKFEDBDST !6'5$ Anun fun ygon g` san saunfsy zn yag~bc nq|nis

    d` zn cgks noeufin Y~ysfdkfedbdst8

    6$ Bdfedbdst gu |gbb~sfksy=

    5$ Y~||bt |ugebnoy zdsa ufz ofsnudfby fkc

    nknujt=

    9$ Fssfimy gk g~u igo|fkty dofjn=

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    SAN SAUNFSY G@

    Y^YSFDKFEDBDST !5'5$3$ Bnjfb udymy=>$ Efc/og~sadkj g` g~u |ugc~is=

    0$ Endkj ibgync g~s g` inusfdk ofumnsy+

    Sanun fun udymy dk |~uy~dkj Y~ysfdkfedbdst" ogun

    nfydbt ofkfjnfebn safk sagyn g` kgk |~uy~dkj ds8

    6$ Junnkzfyadkj" 5$ Ifkkdefbdxdkj g~u gzk

    e~ydknyy !ofmn geygbnsn igun |ugc~is'ynupdin$"

    9$ Ufdydkj ~kunfbdysdi nq|nisfsdgky+

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnudy fogkj san sg| zgubcy ofk~`fis~unuy g` |bfkny fkc sufdky+

    Ds dy npgbpdkj ogedbdst zgubczdcn sg ofmn nfydnu fkc ogun y~ysfdkfebn `gu

    |ng|bn sg igkknis zdsa gkn fkgsanu+

    Egoefucdnudy |unynks dk ogun safk 0< ig~ksudny" zdsa :0 |ugc~isdgk fkc

    nkjdknnudkj ydsny= :

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnuiunfsnc dsy knz Igu|gufsn Ysufsnjt dk 5$ Junfsnu IYU+

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnuy f||ugfia sg Igu|gufsn Jgpnukfkin fdoy sg8

    D+ \ugogsdkj nsadifb enafpdg~u!Igcn g` Nsadiy fkc E~ydknyy Igkc~is$=

    DD+ Ysunkjsankdkj dsy jgpnukfkin !Egfuc g` Cdunisguy nbnisnc npnut tnfu$=

    DDD+ Do|ugpdkj Udym Ofkfjnonks !@dkfkin fkc Udym Ofkfjnonks Igoodssnn=Cdunisgu g` Nsadiy fkc Igo|bdfkin$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DP+ Ogpdkj `guzfuc IYU Jgpnukfkin ]Ysufsnjdi f||ugfia sg IYU dy fk dksnjufb

    |fus g` san Igu|gufsn Ysufsnjt G~u Zft @guzfuc= knz IYU jgpnukfkin

    ysu~is~un dkib~cdkj f ogun n``nisdpn IYU Igoodssnn zdsa eugfcnu nq|nusdyn=

    dkdsdfsdpny sg do|ugpn IYU |nu`guofkin dk `g~u mnt funfy y~ia fy 6$

    Igoo~kdst Dkpnysonks" 5$ Ysfmnagbcnu Nkjfjnonks" 9$ No|bgtnn

    Pgb~ksnnudkj" 3$ IYU Un|gusdkj & Igoo~kdifsdgk= y|nidsti fbbgifsncunyg~uiny sg do|bnonks IYU f||ugpnc dkdsdfsdpny_+

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnuiunfsnc dsy gzk \ugc~is Uny|gkydedbdst Ysufsnjt8

    D+ Ofmdkj ofyy sufkyds npnk ogun y~ysfdkfebn !bf~kiadkj san NIG3 y~dsn g`

    i~ysgodxfebn ygb~sdgky dk Yn|snoenu 5

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DD+ Cnydjkdkj zdsa san Nkpdugkonks dk odkc ]AYN \gbdit dkigu|gufsnc dk j~dcdkj

    |udkid|bn g` cnydjkdkj |ugc~isy zdsa odkdofb nkpdugkonksfb do|fis= \ugc~is

    Uny|gkydedbdst Ysufsnjt dkib~cnc saunn iguknuysgkny `gu fcpfkidkj

    y~ysfdkfebn ogedbdst86$ Cnydjk `gu Nkpdugkonks !C`N$ \ugjufo" 5$ Bd`n Itibn

    Fyynyyonksy !BIFy$" fkc 9$ Nkpdugkonksfb \ugc~is Cnibfufsdgky !N\Cy$+++=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DD+ +++= BIFy fbyg j~dcnc dk odkdodxdkj |ugc~isy nkpdugkonksfb bd`nitibn do|fisy

    fkc `guo san efydy g` N\Cy= N\Cy y~oofudxnc f |ugc~isy nkpdugkonksfb

    do|fis" yns f efynbdkn `gu `~usanu |ugc~is/unbfsnc nkpdugkonksfb do|ugpnonksy

    fkc nkafkinc nkpdugkonksfb un|gusdkj_=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DDD+ Sfimbdkj fpdfsdgk nodyydgky !n``nisdpnbt fccunyy e~ydknyy fpdfsdgky ibdofsn

    iafkjn do|fis dk f jbgefb dkc~ysut/zdcn ygb~sdgk$=

    DP+ @~nbbdkj Nkpdugkonksfbbt @gi~ync Dkkgpfsdgky !cnpnbg|dkj junnknu

    sniakgbgjdny" fduiuf`s" g|nufsdgky fkc fpdfsdgk dk`ufysu~is~uny$=

    P+ Nq|fkcdkj Ifuegk G``yns \ugjufo !Ifuegk G``yns \ugjufo safs fbbgz

    g|nufsguy sg g``yns fduiuf`s nodyydgky et `~kcdkj |ughnisy zgubczdcn sg unc~in

    fk nv~fb fog~ks g` IG5 nodyydgky$+

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnustkn/s~knc dsy gzk Y~ysfdkfedbdst G|nufsdgky8

    D+ Ofkfjdkj nknujt fkc ifuegk ogun n``nisdpnbt !bf~kianc f jbgefb nknujt fkc

    ifuegk fyynyyonks g` g|nufsdgky - dkpnksgut g` nknujt yg~uiny fkc JAJ

    nodyydgky fs 1> ydsny= dcnksdstnc `fidbdsdny zdsa san junfsnys g||gus~kdsdny `gu

    nknujt/n`stidnkit do|ugpnonksy fkc JAJ nodyydgk unc~isdgky= cnpnbg|nc f

    ogun igo|unankydpn Nknujt fkc Ifuegk Ofkfjnonks Ysufsnjt / NIOY sganb| unfia knz sfujnsy$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DD+ Cufzdkj Cgzk Ifuegk @ggs|udks !ydjknc san Ig|nkafjnk Igoo~kdv~ fy f

    bnfc/~| sg san ^K Ibdofsn iafkjn Igk`nunkin `gu f jbgefb cnfb gk Ibdofsn

    Iafkjn= unc~inc g|nufsdgky ifuegk `ggs|udks saug~ja nknujt/n`stidnkit

    |ugjufoy" |uginyy ogcdstifsdgky fkc unknzfebn nknujt yg~uiny$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DDD+ Nknujt N`stidnkit fkc \uginyy Ogcdstifsdgky !cnpnbg|nc dkdsdfsdpny sg onnsigo|fkty jbgefb unc~isdgk gehnisdpny fkc sfujnsy= ogcdstifsdgky sg |uginyyny

    nkfebnc fiadnpn ydxnfebn unc~isdgky dk JAJ nodyydgky fkc nknujt

    igky~o|sdgk$=

    DP+ Unknzfebn Nknujt Yg~uiny !~ync ydjkdstifks unknzfebn atcug/nbnisudidst dk

    ofhgu ofk~`fis~udkj ydsny dk V~env" Ifkfcf= ogun igo|unankydpn~kcnuysfkcdkj g` ydsny junnk nknujt ~yn zgubczdcn$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    P+ Do|ugpdkj AYN Cfsf ]nkafkinc fii~ufit fkc dksnjudst g` AYN cfsf= ~ync fbnfcdkj AYN Dk`guofsdgk Ofkfjnonks Ytysno sg |ugpdcn junfsnu cfsf v~fbdst"

    dksnjudst fkc sufinfedbdst `gu Y~ysfdkfedbdst Un|gusdkj |~u|gyny= fccnc saunn knz

    nkpdugkonksfb dkcdifsguy sg ogkdsgu AYN |nu`guofkin y~ia fy 6$ zfysn

    pfbgudxfsdgk dkcnq" 5$ ~yn g` pgbfsdbn gujfkdi igo|g~kcy / PGIy" fkc 9$ k~oenu

    g` nkpdugkonksfb dkidcnksy_+

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnudksnjufsnc Y~ysfdkfedbdst dksg dsy gzk Y~||bt Iafdk8

    D+ Nkig~ufjdkj Adja Nsadifb Ysfkcfucy !Y~||bdnu Igcn g` Igkc~is= Y~||bdnu

    Npfb~fsdgk fkc F||ugpfb \uginyy= Igo|bdfkin |ugjufoy fkc nqsnukfb f~cdsy

    zdsadk san `ufonzgum g` san Fyygidfsdgk g` san N~ug|nfk Ufdb Dkc~ysut / ^KD@N

    sg afuogkdxn n``gusy dk sady funf$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DD+ Nkjfjdkj Y~||bdnuy dk Y~ysfdkfebn Cnydjk !dkpgbpnc y~||bdnuy dk C`N fkc BIF

    |uginyyny sg dkst~nkin y~||bdnu cnidydgky fkc unc~in igo|fkty |ugc~isy

    nkpdugkonksfb bd`nitibn `ggs|udks= nkig~ufjnc y~||bdnuy sg ynbnis ofsnudfby fkc

    |uginyyny safs nkafkin igo|fkty |ugc~isy nkc/g`/bd`n unitibfedbdst=hgdks

    unynfuia fkc cnpnbg|onks fisdpdsdnyzdsa y~||bdnuy tdnbc sniakgbgjdny sg

    `~usanu do|ugpn igo|fkty |ugc~isy nkpdugkonksfb |nu`guofkin$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DDD+ Do|ugpdkj Y~||bt Iafdk \nu`guofkin !do|bnonksnc |ugjufoy sg

    ytysnofsdifbbt onfy~un fkc ofkfjn y~||bdnu |nu`guofkin= do|ugpnc

    |ugc~isdpdst fkc v~fbdst" unogpnc kgk/pfb~n fisdpdsdny" dksnjufsnc |uginyyny fkc

    do|bnonksnc bnfk sniakdv~ny= |ugjufoy dkib~cnc f udjgug~y ynbnisdgk |uginyy

    sg pnud`t igo|bdfkin feg~s y~||bdnu v~fbdst fkc v~fbdstifsdgky$=

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    DP+ Igoo~kdifsdkj zdsa Y~||bdnuy !Y~||bdnu Igoo~kdifsdgk \bfk sg `gysnu bgkj/snuo ysufsnjdi fbbdfkiny zdsa mnt y~||bdnuy fkc do|ugpnc y~||bt iafdk

    |nu`guofkin= y~||bdnu fcpdygut fkc sniakdifb egfucy sg `fidbdsfsn igbbfegufsdgk

    gk ofumns ysufsnjdny" sniakgbgjt ugfcof|y fkc e~ydknyy igksdk~dst= y~||bdnu

    `gu~oy sg nkjfjn y~||bdnuy dk cdyi~yydgky gk mnt ofumns dyy~ny" nky~udkj f

    igoogk ~kcnuysfkcdkj g` iafbbnkjny fkc ysufsnjdny= bf~kianc san Egoefucdnu

    Y~||bdnuy Fcpdygut Egfuc dk 5

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    NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnu|ugogsnc san Jbgefb Igo|fisy 6< \udkid|bny8

    D+ Nkig~ufjdkj Adja Nsadifb Ysfkcfucy !A~ofk Udjasy" Bfeg~u Ysfkcfucy"

    Nkpdugkonks" Fksd/Iguu~|sdgk$=

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    SAN EGOEFUCDNU OGCNB8 IGKIB^YDGKY

    F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST

    Egoefucdnuiunfsnc dsy gzk ogcnb `gu nigkgodi y~ysfdkfedbdst fkc

    igky~o|sdgk g` |ugc~isy" |~uy~dkj san gehnisdpny g`8

    6$ Nknujt yfpdkjy=

    5$ Do|ugpnc n`stidnkit=

    9$ Fiadnpdkj f unfygkfebn nigkgodi pfb~n= fkc

    3$ \ugsnisdkj san nkpdugkonks+

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    ^YN@^B BDKM GKY^YSFDKFEDBDST

    5

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