...Business, Government, and Society MGT 430 Term Research Paper Television Media Yolanda Scott Sunday, December 13th, 2009 Table of Contents History of the Television…………………………………………………………Pages 3-6 Stakeholders of the Industry……………………………………………………...Pages 6-8 Role of the Industry………………………………………………………………Pages 8-13 Ethics of the Industry……………………………………………………………..Page 14 Rating of the Industry…………………………………………………………….Page 14-15 Accomplishments………………………………………………………………...Page 15-16 Comparison to Saint Leo Values…………………………………………………Page 16-17 When I think of the T.V. Media industry several things come to mind involving the history of how it came along being that I will only be thirty years old next week and much older it is than I. Television is an invention that came about years before my time and it is one of those things in life that I have become a custom to always having and not knowing anything different. There was a time when televisions did not exist and the radio was all that was around. Then the television came around but not in the color version that we are all used to but in black and white and remote controls were not a part of the standard television package like now. Remote controls came years later once televisions were upgraded to color. We have come a long way in the innovative upgrades of televisions because now we have plasma and HDTV flat panel televisions with advanced remote controls...
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...E-Commerce and B2B Business One of the characteristics of a B2B product is that in many cases it is bought by a committee of buyers. It is important to understand what a brand means to these buyers. Buyers are usually well-versed with costing levels and specifications. Also, due to constant monitoring of the market, these buyers would have excellent knowledge of the products too. In many cases the purchases are specification driven. As a result of this, it is vital that brands are clearly defined and target the appropriate segment. As explained above, every one product can only be associated with one brand. Because of this, it is vital that companies find a white space for their brand, an uncontested category to occupy space in the minds of the buyer (Fitzgerald, M. (2001). In differentiating one’s brand, companies can use various strategies, often referring to the origin of the goods or the processes used to manufacture the product(s). Some have identified up to 13 such strategies. Depending on the company’s history, the competitive landscape, occupied spaces and white spaces, there could be one or many strategies that any company could use. Ultimately, a strong B-2-B brand will reduce the perceived risk for the buyer and help sell the brand. B2b, or business-to-business, is a sort of trade transaction that is focused around the trade of items and administrations from business to business, instead of business to purchaser (Friedman, M. (2001). A run of the mill inventory...
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...The involvement of government, business and civil society institutions in the diagnosis and solution of societal problems has been in existence for ages, but the concept has gained more supports in the international development arena in recent times The relationship between government and business is complex, with both positive and negative aspects in terms of what can be called “the public good”. This notion of “public good” changes depending on one’s ideology and this makes the appreciation of the phrase even more complex. Therefore, an accurate understanding of the relationship that exists between the three requires an examination of the three main theories of political economy – the free market economy, socialism and mixed economy. Business, government, and society interact and influence each others' specific objectives and goals. Business, Government, and Society Business, government, and society have similar goals and objectives. How can all three affect each other? Let's make sure that you have an understanding of each term. Society is a group of individuals who reside in communities that have shared values and laws. In addition, society is made up of different religions, cultures, interests, attitudes, and lifestyles. Business consists of organizations that participate in consumer, industrial, or economic activities for a purpose, such as profit or non-profit means. Government refers to the governing body of a nation, state, or local community. In this lesson, you...
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...Berend (2000) – From Plan to Market, From Regime Change to Sustained Growth in Central and Eastern Europe * After the state socalism collapsed in Central and Eastern Europe in the early 1990s, the Washington consensus of 1989 (a broadly accepted set of criteria for a reform program) was adopted as a blueprint for the process of transformation. * Central elements: * Macro-economic stabilization (for countries with significant inflation and indebtedness) * New institutions * Legislation * Price and trade liberalisation * Radical privatization * Most of the “transformatology“ literature is based on the assumption that the elimination of deformed non-market economies, a restoration of market, and private ownership, paired with a laissez-faire free market system would automatically solve all major economic/social problems of the transforming countries. * The economic crisis within the Central and Eastern Europe area started much earlier – in the mid-late 1970s when growth slowed significantly and the terms of trade for the state socialist countries began to deteriorate (1973 first oil shock 20% decline, for some even 26-32%) Schumpeter’s theory of “structural crisis”: advancements in technology lead to decline of the old leading sectors and export branches based on old technology, generating wide-ranging slow-down and decline and causing an economic crisis even in rich, advanced countries. However, although rising new technology...
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...manpower, and above all, more funds- could do for the community. Being a successful corporate citizen is about more than writing a cheque: companies must integrate corporate responsibility into their business models and focus on the areas where the greatest change is required. In the aftermath of apartheid, South Africa is faced with a new set of problems, vastly different to that, that was championed by Harry Oppenheimer. In the midst of political stability, and relatively steady economic growth, we are faced with the reality of abject poverty, illiteracy, HIV and growing inequality. Nearly 24 million people live below the poverty line and the recent spats of violence that erupted as a result of this volatile situation (such as the xenophobic attacks, and assault on Eskom staff in the rural areas) serve as a warning of what will come if the rich get richer and the poor, poorer. As Pravin Gordhan said, “we need business leaders who will say: “I have enough, I have to share for everyone’s benefit.”” In this paper, I will discuss 3 key areas that influence a company’s decision on whether to actively champion the rights of the society within which it operates. These areas are: profits, ethical custom and the laws of the land. Profits Many people are of the opinion that business is divided into two distinct areas: the part that...
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...What could good corporate governance have done for Enron? Corporate governance is policies and laws that affect the way a company such as Enron is run. The Enron scam was a scam that used mark to market pricing. Enron also hampered with the financial accounting statement by hiding information and not showing the true status of the company. In this way, Good corporate governance should have had a tighter control over the use of accounting policies. Also, anticipating profits (that Enron did) is just an estimate and the determinants of such as estimate is very subjective. In Enron, the business leaders were too concerned about inflating the share prices and showing a pretty picture of the company’s financial position. The leaders of Enron should have had more moral grounding in understanding that such behaviour would have repercussions. Good corporate governance could have prevented this greed from building up. When the company anticipated their downward slope, Jeff Skilling did not take action to acknowledge his mistake and instead swept the matter under the carpet. Instead of this corporate governance would have made sure that such behaviour would strictly not be allowed. Tighter laws and stricter policies would have ensured that the scandal did not take place to such a large extent. Better accounting policies that ensured that only sales actually realised should be accounted for. Laws such as more transparency about the running and operations of companies would actually...
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...and children in achieving success and helping entrepreneurs to begin stable businesses. Through Gap’s ethical standards, it has developed legitimacy and positive stakeholder relations which attribute to the company’s global success. Gap has realized growth as a company and in many individual areas, with its current stock listed at over twenty six dollars per share (Gap Inc, 1). Levi Strauss has a published code of ethical values available for its share holders as follows “We believe that business can drive profits through principles, and that our values as a company and as individuals give us a competitive advantage. Empathy — walking in other people’s shoes Empathy begins with paying close attention to the world around us. We listen and respond to the needs of our customers, employees and other stakeholders. Originality — being authentic and innovative The pioneering spirit that started in 1873 with the very first pair of blue jeans still permeates all aspects of our business. Through innovative products and practices, we break the mold. Integrity — doing the right thing Integrity means doing right...
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...03/10/16 Business, Government and Society Relationships Business, Government and Society have similar goals and objectives. All three interact each other. Firstly, Business’s objectives are to keep their cost low, increase sales and maximize their profit. Secondly, Society’s objectives focus around survival, health care, education, shelter and opportunity to succeed. Lastly, Government’s objectives are to provide regulation to instill a fair, safe use of resources for business and to protect citizen against things like unethical business. For Example, Society need car and Ford Motor Company wants society chose their products as their vehicle objective. The Government has to ensure that Ford Motor Company operates ethically to not harm the environment or the customer. There are four different models that how Business, Government and Society should interact: 1. The Market Capitalism Model, 2. The Dominance Model, 3. The Countervailing Force Model, 4. The Stakeholder Model. The Market Capitalism Model: Dominance: - The represents primarily the perspective of business critics. In it, business and government dominate the great mass of people. Countervailing Force Model: - To maintain public support, business must adjust to social, political and economic forces it can influence but not control. Stakeholder Model: - An Entity is benefited or burdened by the actions of a corporation or whose action may benefit or burden the corporation. After read the definitions of Business, Government...
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...Intervention in the market What are the main reasons for government intervention? The main reasons for policy intervention are: •To correct for market failure •To achieve a more equitable distribution of income and wealth •To improve the performance of the economy Options for government intervention in markets There are many ways in which intervention can take place – some examples are given below Government Legislation and Regulation Parliament can pass laws that for example prohibit the sale of cigarettes to children, or ban smoking in the workplace. Employment laws may offer some legal protection for workers by setting maximum working hours or by providing a price-floor in the labour market through the setting of a minimum wage. The economy operates with a huge and growing amount of regulation. The government appointed regulators who can impose price controls in most of the main utilities such as telecommunications, electricity, gas and rail transport. Free market economists criticise the scale of regulation in the economy arguing that it creates an unnecessary burden of costs for businesses – with a huge amount of “red tape” damaging the competitiveness of businesses. Fiscal Policy Intervention Fiscal policy can be used to alter the level of demand for different products and also the pattern of demand within the economy. Indirect taxes can be used to raise the price of de-merit goods and products with negative externalities designed...
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...Whistle Blowing in Government or in a Business To speak or keep silent, those are the two of many common issues that plays along with the ethical considerations and morale of a Whistle Blower. On the other hand, what if you saw fraudulent actions of someone, should you speak or keep quiet? What if the person doing the fraudulent actions was a friend or a high ranking official, should you speak or keep silent, these and many others are the complex situations that could happen within a business organization. Whistle blowing, which seems to become increasingly common as employees speak out about ethical concerns or illegal practices in the work place to the public or to authorities. “There is a great deal of evidence to suggest that whistle blowing is one of the most important sources of information or detecting and reducing illegal and unethical corporate behaviors” (Kohn 2011). In general, whistle blowers feel a need to report the incident in order to put a stop to the illegal or ethical concern in the business or to correct them from happening on a regular basis. In the past years, there have been a lot of cases where employees have decided to come up in public eye and expose the unethical behavior within their companies. There is no doubt that many unquestionable practices among business organizations are being committed daily. With all the recent cases of corporate fraud, companies now provide for internal rules to protect the whistle-blower against retaliation,...
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...current work focuses on development and covers topics including the impact of international aid and policymaking on education equality outcomes, as well as the post-2015 development agenda, the role of technology in quality of life improvements, and governance and anticorruption. It is commonly believed that BD results in a decrease in tax revenue to the government... I actually have a different view on this matter. From the remittances is it first of all the households that are benefitting from it, but secondly the government is benefitting as well. I will explain this in more detail. The remittances spent on the consumption of both domestically produced goods and imports increase the tax base, which in turn increases revenues from sales taxes, value-added taxes and import duties and other indirect taxes. (stroomdiagram) With the remittances, the individuals/society determine their spending priorities as opposed to the agenda of the government as is the case with taxes and foreign aid. Besides this, governments are now able to increase their debts, because of the constant inflow generated by tax, or governments can spend more on infrastructure. (Abdih et al, 2012) In other words, remittances can provide the (indirect) tax revenues (increase), which allowed some countries to increase spending. This effect is explained in more detail as the (Keynesian) multiplier effect. (Lowell, 2001), (Clemens, 2013), (Ebeke, 2010). Actually, Sophie, that brings up an interesting...
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...Chapter Review Chapter 1: The Study of Business, Government, and Society In chapter one the author lays a foundation for the information which will be shared in the following chapters. This foundation allows the reader to understand basic terminology, ideas, and relationships as it pertains to the operation of business, government and society. For a more distinct explanation of what the author helps the reader to understand; the collaborative information that the chapter provides illustrates a somewhat intangible relationship, in which we (business, government, and society) all are stakeholders. The author helps the reader understands the interactions of the stakeholders, and these interactions shape how business’ assumes social responsibility; whether it is self imposed, dictated by law/regulation, or pressured by social values, ideas, and expectations. The author then offers four definitive relational models which helps the reader understand the multiple variables which help shape and control the relationship between business and society. In addition, the models also help the reader to understand the effects, the value added, and the challenges that are imposed on those parts of society which assume them. One interesting thought for the reader to keep in mind when learning the four models is how the nature of the models can vary based local and national politics, market maturity, and social structure. The first model that author presents is the Market Capitalism Model. In...
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...Corruption and its impact on Growth, Business and Government Effectiveness Ivo Dimovsky Managerial Economics – Empirical paper EMBA - American University of Bulgaria April 4th, 2012 ABSTRACT Corruption, like an infection, has co-existed with human society for a long time. Corruption has received significant attention among economists and international financial institutions during the last few decades, given its impact on economic growth both in developed and developing countries. There is an increasing volume of literature on the relationship between corruption and economic growth, and the general conclusion is that corruption slows down the long-term growth of an economy through a wide range of negative post-effects. It hampers economic growth, disproportionately burdens the poor and undermines the effectiveness of any investment and aid. Some theoretical studies suggest that corruption may counteract government failure and promote economic growth in the short run, however in recent years this studies aren`t anymore valid given the clear message from the negative effects on society and the economic system. In this paper we will analyze and present: First, we will describe and list a number of causes and consequences of corruption, derived from recent international studies from worldwide organizations trying to fight corruption. Second, we will introduce a regression model that can help explain the negative relationship between corruption (Corruption Perception Index...
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...To be profitable. That is why business-minded people are eager to start one. But it is not easy to initiate a business. Besides from capital, one must have business permits and other requirements that can be acquired from the government. This proposed study tends to know the effects of the government policies on setting up a business, its advantages and disadvantages to the business, and if the requirements are just enough or too much for the business people to comply with. REVIEW OF RELATED LITERATURE Every business must get a certificate of registration first depending on their business’ structure. A sole proprietor business must get it on Department of Trade and Industry (DTI), for partnership and corporations is the Securities and Exchange Commission (SEC), and Cooperative Development Authority (CDA) for the cooperatives. After getting your certificate of registration, you will need to visit the following offices: Homeowners Association for businesses inside villages and subdivisions, Barangay Hall to secure a barangay clearance to operate your business, Local Government Unit (LGU) to process your business permit, Bureau of Internal Revenue (BIR) to apply for a business taxpayer identification number (TIN), register your books of accounts, point-of-sales (POS) machines and receipts. In the past, economists thought that government policies has no impact on business, but after the 1930’s Great Depression...
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...Indians contacted Europeans, Indians got familiar with lots of new artifacts. Thus, Indian traders began to seek profits and gain money to have their own properties. Governmental Impacts: Astor bribed and suborned some politicians including a president. That shows that American political system was not well based and taking advantage over government was easy. Natural Impacts: The fur traders destroyed forests to trade posts and find fuel. They also, killed lots of animals. Legal Impacts: Because the fur traders bribed politicians they had the upper hand against government, competitors and people. Therefore, governments had some new laws and regulations. Internal Impacts: Astor dominated American Fur Company and considered nothing but himself and his company's revenue. 4. The most important stakeholders were Astor as an owner, employees, customers, suppliers and government. They were not treated responsibly at all. For example, Indian trappers were cheated, robbed and even killed. Also, the fur traders bribed politicians and so, government was manipulated. 5. If we examine this question in terms of Astor and government, they have many advantages and revenue. On the other hand, if we consider Indians, this Industry was a nightmare for them. In my opinion negative effects of the industry overbalanced its positive effects. However, this question requires to compare total benefits and...
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