How has globalisation affected the forms of entertainment in Essay

How has globalisation affected the forms of entertainment in contemporary societies Provide examples from a country of your cho - Essay Example This term is most commonly used to describe the effects of international trade but applies to trade of all sorts of industries. Global village is a terminology used to describe a new kind of globalization presenting us with an interconnected world and a global collected culture. Globalization affects world economies and cultural identities. There are several reasons for this increasing global competition. Free trade agreements and economic unions have reduced protection for industries. Consumers can now purchase goods and services from other countries with no import controls. Improved travel links and communications between all parts of the world have made it easier to compare prices and qualities of goods from many countries. This has further developed as the internet has become more widely available worldwide. Business in every sector of the economy are now striving to enter the global market be it science, manufacturing or entertainment industry. Globalization has led to more choi ce and lower price for consumers. It has forced firms to look for ways of increasing efficiency. Inefficient producers have gone out of business. Many firms have merged with foreign businesses to make it easier to sell in foreign markets. This is one of the reasons behind the growth of entertainment industry (Stimpson, 2006). ... When we talk about the effects of globalization on all forms of entertainment in contemporary societies, it is important to realize that it is the global mass culture that we are dealing with. It comprises of new and modern ways of cultural exchange in the entertainment sector which may include movies, music, television and internet to name a few. Accumulated forms of communication create images that cross different linguistic boundaries more quickly and conveniently than many goods and services. This global mass culture has entered, influenced and revolutionized the lives of people in modern societies and this culture of imagery and graphic arts has altered the forms of entertainment, leisure and fashions of advertising. Mainly the Western culture has a strong manipulative influence on cultural values (Robertson, 2008). Globalization especially in the entertainment industry is mainly criticized for affirming other country’s cultures and traditions onto another. People of ethn ic beliefs do not easily accept the interference of different and modern cultures and traditions for it alters their own cultural identity and personality. This can be observed when people’s decade old lifestyles start transforming and with a change in their culture and norms change with foreign influences. With globalization or entrance of different cultures in the world economy, humans try more than ever to preserve their cultural identities and traditions. This diversion of culture comes as a threat to them. But the point is to realize, accept and acknowledge cultural differences and diversity across the world. This is called cultural pluralism. This occurs with

Business law and ethics Essay Example | Topics and Well Written Essays - 1500 words

Business law and ethics - Essay Example Within such a framework, it is the understanding of the law that these stakeholders may have a less biased and more realistic interpretation for the means whereby a given firm or business can seek to maximize their own profits. Comparatively, within the United States, the manager or management of the firm has a high degree of latitude with regards to the actions and decisions that he/she can take to protect against a potential hostile takeover of his/her firm. As a means of explaining these key differentials to a greater and more complete degree, the following analysis will attempt to compare and contrast the means whereby managers within the United Kingdom and the United States are constrained by the rule of law to exhibit only certain levels of behavior in the event of a potential hostile takeover of their firm or business entity. Within the US system, the managers of the respective firm are allowed and encouraged to actively engage with regards to seeking to delineate the key bene fits and drawbacks that a potential takeover may have upon the viability of the company. By comparison, UK law specifically refuses the right of the manager to engage in such decision making strategy; rather, it places the onus of such a choice squarely upon the shoulders of the shareholders. Yet, this should not be understood to mean that takeovers in the United States are somehow shareholder â€Å"unfriendly†. ... option allows for a manager to engage in an active defense of the company’s stock if a potential takeover is denoted by the acquisition of 10-15% of a company’s stock by a hostile firm/individual. By comparison, managers within the United Kingdom are not allowed to take any â€Å"frustrating action†. This is due to the fact that the United Kingdom delineates a much more powerful focus upon the needs and rights of the respective shareholders as opposed to the United States approach which places most of the power and decision making ability upon the manager. As such, any â€Å"poison pill† option is implicitly forbidden under UK law. In short, â€Å"frustrating options†, defined as a means by which a manager of a firm can seek to disrupt the rate and extent to which a potential takeover might take place. However, what should be understood is that the strict laws that govern the level to which a firm in the United Kingdom can respond to a takeover only apply once the potential takeover is the horizon. As such, it is well within the law for the firm or entity to seek to entrench itself in a rather unassailable position prior to any of this taking place; thereby making its position much stronger and less likely to result in a predatory takeover of any sort whatsoever. Q2) Although ethics is broadly understood, the fact of the matter is that there are five traditional approaches to this topic which must be engaged with and understood in order for the student or the analyst to approach the topic with a firm level of understanding. As such, the following brief analysis will discuss each of these five traditional theories of ethics and define why each of these is important to understand and appreciate from the business perspective. Due to the fact that different points of