Potential Rewards and Risks of Strategies for International Essay

Potential Rewards and Risks of Strategies for International Organisations - Essay Example Planning and preparation of strategies for an organisation become very crucial as those, at times, determine the fate of the organisation. Globalisation is the modern approach of business. Many organisations operate their business globally providing it with huge market to operate. In the present context, the strategies of an organisation are quite developed which mostly deal with the overall development of the business enterprise, generally focusing on the growth of the organisation, nationally and internationally. Strategies can be referred to the set of plans which are prepared and developed by the higher level of management of the organisation. This paper involves with the reasons behind the preparation and usage of strategies by the organisation. It also includes the means of strategies used by the organisations for their international operations (John & Gillies, 1996). Reasons behind the International Businesses Usage of Strategies Strategies are prepared by an organisation with an intention to deal with any unfavoured consequences, if occurred, in future context and so to grow the business in both future and present context. A well planned strategy helps to organise and to allocate the available resources of an organisation into a distinct and feasible position focusing on the internal competencies and drawbacks. Strategies prepared by the organisation are expected to anticipate changes in the environment and the moves taken by intelligent competitors (John & Gillies, 1996). ... Strategies are prepared by the organisations with various intentions. Quite a few strategies are prepared by the organisations which operate its business nationally and internationally. Strategies once prepared help an organisation to achieve a clear sense of direction for the business which also helps the organisation to take a forward view and establish a clear set of objectives and goals. Strategies prepared by the management have proved to be helpful for the better functioning of the business as they provide important integrating and co-ordinating function for the companies operating largely in context of economy. Strategies are prepared by the internationally functioning organisation to ascertain the marketing trends and to help the organisation by supporting it with sustainable growth. Strategies help the organisation through this role of co-ordination to minimize intra-organisational conflict including tensions in headquarters and relationships among subsidiaries. The higher l evel managers of organisation prepare strategies as it serves as a guide to action, providing a framework for the companies functioning and operating their business worldwide to take operational and administrative decisions. The strategies encourage the corporate performance by maximising strengths and opportunities, minimizing weaknesses and treats. Strategies enable an organisation to respond successfully to the uncertainty, complexity and competitiveness of the international business environment encountered by firms of increasing global scope (Mintzberg, 2003). Preparation of the strategies is done by the management with great attention. There are various required fields where

Key characteristics of the Australian media Essay

Key characteristics of the Australian media - Essay Example In the land down under, Australia also has its own way of letting media operate. Whether it is in the form of electronic, print, PR or media from the internet, Australian media adheres to its general guidelines. Publicly funded media companies in Australia are the Australian Broadcasting Corporation (ABC) and the Special Broadcasting Service (SBS), which broadcasts on television, the internet and the radio for free, as it strongly broadcasts public service. Other major players in the industry of broadcasting are: Publishing and Broadcasting Ltd., Australian Associated Press, John Fairfax Holdings, The Seven Network, APN News and Media, and many others shape the characteristics of Australian media in a way that media's most important public role is largely dependent on the game played by private corporations. Its increasing difficulty in being well regulated is affected by several factors including technological developments, ownership and control structure where media conglomerates f ollow the globalization trend and the contractual relationships between suppliers or information and entertainment and its viewers (Sampford & Lui 2004, p. 86-87). Apparently, broadcast... he ownership of a small media company has posed to be more complex than expected because the company establishes relationships with associations and other organizations which often belong under the same larger corporation resulting to a complicated intertwining of relationships. Due to this complication, cross-media ownership was decided to be given some limitations and so changes were proposed by the government in 1985, which created the Broadcasting Act of 1987 (Sheehan 2002, p. 4). This act limits the company's audience reach and the types of media it can own. Sheehan (2002, p. 4) stated that this act would support "competition policy, discourage concentration of media ownership in local markets and enhance public access to a diversity of viewpoints." Broadcasting Act of 1988 was enacted for radio broadcasting media which basically carries the same principles regarding ownership and control. Moreover, Broadcasting Act of 1989 contains amended provisions regarding cross-media owner ship of radio and television licenses. The limit on this type of ownership in on who gains control over the company based on the number of shares of stock owned. The Act also provides for the succession or chain of companies to exercise control over (Sheehan 2002, p. 4). The Broadcasting Services Act of 1992 gives a description on media ownership and control in which the act provides for individual ownership and control, cross-media ownership and control, and subscription television broadcasting licenses for foreign owners (Sheehan 2002, p. 3). Evidently, concerns on policy making with regards to ownership and control is mostly due on the nature and structure of Australia's broadcasting industry. In the field of print media, News Corporation is the dominant player in the