Media Landscape in the World - 940 Words

Media Landscape in the World The New Modern Media October 12, 2012 The New Modern Media Watching TV while having morning coffee, listening radio on the way to work, checking Facebook before work, tweeting in the lunch break, and googling information related to work; that is the way the new modern media has changed our lives. To understand the term modern media more, Debashis Aikat(n.d.), Associate Professor and Media Futurist, has come up with a definition, â€Å"Modern media refers to mass communication characteristic of recent times, or the contemporary communication relating to a recently developed or advanced technology(Aikat, n.d.)† So that basically means that modern media is the media which is connected to new technologies. Nowadays†¦show more content†¦Recently â€Å"The National Latvian News Agency LETA† posted the article about the findings of scientists’ group called â€Å"META-NET† which is made by 60 research centers in 34 countries. Findings showed that Latvian language with other 20 European languages are going to disa ppear because of the fact that new devices are not supporting these languages(LETA, 2012). That means that if you do not know other, more popular, language you cannot chose the Smartphone you want. Or you have to learn the language, but that takes time, and modern media is not waiting, it is already here. In brief, world is changing so does media. The new media allows to reach people in a very fast way, but there are still groups of people who would not get the message. It is connecting billions of people and the same time forgetting billions of people. After my research I strongly believe that my theses statement in proved, and the new modern media is excluding people with different languages, believes, ages, and financial levels. References Aikat D., (n.d). Traditional and Modern Media. Encyclopedia of Life Support Systems. Retrieved from: http://www.eolss.net/Sample-Chapters/C04/E6-33-02-04.pdf Beckford M., (2011). Elderly People Isolated by Technological Advances. The Telegraph. Retrieved from:Show MoreRelatedHow Media Has Changed The Media Landscape Of The United States And / Or The World2152 Words   |  9 Pagesquestion text. ? 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Business Ethics and Corporate Social Responsibility Essay...

Business ethics and corporate social responsibility have become an increasing area of focus for organizations today. However, this has not always been the case in the American business environment. Chapter three Conducting Business Ethically and Responsibly (R.W. Griffin R.J. Ebert, p.56 - p.87) concentrates on the development of ethical codes of conduct as it relates to business. The chapter also focuses on the social responsibility an organization holds in relation to everyday decision making. Ethics and social responsibility go hand in hand. Ethics affects individuals or groups within the workplace, whereas social responsibility refers to the overall route in which a company decides to balance its involvement with employees, stake†¦show more content†¦It has been working world wide to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue in handling work-related issues (ILO, 2008). In an attempt to comply wi th ILO standards, companies like GE are now joining organizations like the Business Leaders Initiative on Humans Rights (BLIHR) whos goal is to create practical ways of applying the aspirations of the Universal Declaration of Human Rights within a business context and to inspire other businesses to do likewise(BLIHR, 2008). Since American Civil War, business practices, attitudes and norms have evolved over time for the most part. The evolution has progressed from obstructionist, to defensive, to accommodative to the now increasingly accepted proactive stance. This change in approach to social responsibility is directly related to the change in American/World values and culture. Over this same period of time institutions like slavery, colonialism, segregation, sexism, child labor and other questionable and /or abusive business practices have fallen by the wayside. 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Fall E-Business Ethics A corporation must try to avoid egregious negative externalities, must actively promote corporate social responsibility (CSR), and must engage in philanthropy. Let’s take the example of the mining industry, in which 75% of mining companies (diamonds, copper, uranium, cobalt, etc.) are listed on the Toronto Stock Exchange1. For Canada, mining is a source of economic prosperity that brings along with it some risks. To maintain their competitive advantage, it is crucialRead MoreBusiness Ethics And Corporate Social Responsibility1512 Words   |  7 PagesSocial Responsibility ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. 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Manufacturing and Service Operations Management †MyAssignmenthelp

Question: Discuss about the Manufacturing and Service Operations Management. Answer: Introduction: Sales growth rate during the forecasting years the growth in sales were in negative, that means the company was not able to generate any sales beyond the sales level of the previous year. However, the sales are expected to grow at 3.7% at the terminal year and the same rate will be maintained for the years beyond the terminal year. NOPAT margin the company is expected to maintain the margin for the net operating profit after tax at 18.40% consistently for terminal year and beyond that. Further, the NOPAT level for the current year as well as the previous year was also 18.40%. WC to sales the working capital to sales ratio is expected to maintain at -17.10% consistently for terminal year and beyond that. Further, the WC to sales level for the current year as well as the previous year was also -17.10%. The negative WC to sales ratio represents that the companys current liabilities are more than its current assets, which in turn states that the company is not in a position to pay off its short-term obligation with the available current assets. LT assets to sales - the Long term assets to sales ratio is expected to be maintained at 110.60% consistently for terminal year and beyond that. Further, the LT assets to sales level for the current year as well as the previous year was also 110.60%. Higher level of this ratio indicates that the company is using the fixed asset efficiently to create sales. Debt ratio - the debt ratio is expected to be maintained at 46.10% consistently for terminal year and beyond that. Further, the debt ratio for the current year as well as the previous year was also 46.10%. It states that the company has 46.10% debt in comparison to its asset. Therefore, the assets are sufficient to pay-off the debt (Fullwiler 2016). After tax cost of the debt - the after tax cost of debt is expected to be maintained at 4.9% consistently for terminal year and beyond that. Further, for the current year as well as for the previous year, the after tax cost of the debt was 4.9%. It shows that the cost of the debt after tax benefit is moderate for the company. Dividend rate it is identified that the company does not pay any dividend to its shareholders and not planning to pay in future too. Various reasons behind non-payment of dividend may be the financial trouble that the company may go through, any unexpected expenses or deferring the preferred dividends. Analysis of overall performance Looking at various financial data and ratios, it is identified that irrespective if negative sales growth, the company is consistent in earning profit after tax. Further, the company is using the fixed asset efficiently to create sales. However, the company is not able to pay-off its short term obligation efficiently. Moreover, the company is not paying any dividend to its shareholders. Therefore, the company must try to pay off some of its current obligation to make it at lower level as compared to the current assets (Vogel 2014). Further, it shall accumulate some income to pay that as dividend to the shareholder, which in turn will create faith among the shareholders and the potential investors will consider the company for investment. Under the abnormal earning method, each stock is valued as the companys book value for each share if the investors expectation with the the company is earning normal rate of return in future. The earning result and management decision makes the stock less or more valuable as compared to the benchmark for book value (Ho et al. 2016). Abnormal earning is the difference between net income and cost of the equity. It is identified from the financial data of the company that the company has a positive abnormal earning for the forecast period as well as for the period beyond the fore cast period. Therefore, it can be identified that the firm can earn the return that is more than its cost of capital (Kesavan and Mani 2013). Further, it represents that the company is able to sell its equity at a premium. Therefore, if the abnormal earnings for the company is taken into consideration, it can be identified that the company is in a better position to sell its equity at premium. References Fullwiler, S.T., 2016. The Debt Ratio and Sustainable Macroeconomic Policy.World Economic Review,7, pp.12-42. Ho, K.C., Lee, S.C., Lin, C.T. and Yu, M.T., 2016. A Comparative Analysis of Accounting-Based Valuation Models.Journal of Accounting, Auditing Finance, p.0148558X15623043. Kesavan, S. and Mani, V., 2013. The relationship between abnormal inventory growth and future earnings for US public retailers.Manufacturing Service Operations Management,15(1), pp.6-23. Vogel, H.L., 2014.Entertainment industry economics: A guide for financial analysis. Cambridge University Press.