Media Ethics Essay Example | Topics and Well Written Essays - 1250 words

Media Ethics - Essay Example Ultimately, I will conclude that the primary reason many media organizations may find themselves â€Å"aiding† terrorist is not out of the inevitability of an incidental connection, but a money-oriented strategy. Unlike other commentators, Held does not try to invoke the role of news media as a fourth branch or government, but takes the position that everyone in a moral society is obliged to promote the reduction of political violence. This position, in her opinion is partially relevant for those working in the media since it plays a key role in shaping public opinion, which is ultimately the objective of those that engage in political violence. She bases her argument on the claim that the media cannot be relied on to play its moral role in the war against terror since it is predominantly driven by profit motives. Even from a laypersons perspective, the media assist common sense in decreasing incidences of political violence. However, this is not as obvious to members of the fourth estate who tend to present news in the most dramatic and emotive way possible so as to exploit public outrage or fear for increased rating and create a sense of dependency. Given current reporting trends, it is cl ear that the infamous adage, â€Å"tell the people what they want hear† is alive. For example, they will rarely provide objective coverage of the arguments for and against the views by political dissidents unless they happen to be iconic figures such as Dalai Lama. She suggest that the press should air the view of everyone involved in an incidence since many acts of terror are committed by people who feel they are ignored and want to force society to acknowledge their existence and grievances. Her proposal on this matter is on point since in many cases, would be perpetrators of political violence will not get attention from the media unless they do something drastic. Held preeminently talks about the profit motive, which she cites rightly as

Systematic and Unsystematic Risks Essay Example | Topics and Well Written Essays - 1250 words

Systematic and Unsystematic Risks - Essay Example This makes multi-national corporations safer compared to their domestic counterparts. Normally, systematic risk assessment are important for listed companies to effectively price the equities, determining the cost of capital and effective evaluation of projects. However, internationalization also poses some distinct systematic risks to multi-national corporations. Some of these distinct risks are - exposure to currency fluctuations in multiple countries, exposure to political risks pertaining to multiple governments, exposure to reduction in ability of monitoring managers in multiple countries, increased chances of asymmetric & inaccurate localized information thus resulting in wrong investment decisions, etc. Internationalizing investment portfolios also increases the exposure to unsystematic risks - like competitor activity in a foreign country, manager's foul play in another country where the company's monitoring system is weak, etc. Hence, it is important for the organization to have sound global knowledge base & threat database for risk management. Organization structures with distributed power often increases the exposure to both systematic and non-systematic risks. This is the reason that Chatterjee and Lubatkin et al (1992. pp155) felt that vertical mergers reduces the exposure to both systematic and non-systematic risks. They also observed that vertically integrated companies are able to manage lower cost of capitals thus enabling the integrated company to participate in a wider set of opportunities. Hence, multi-national companies with centralized corporate governance and risk management possess lesser exposure to both systematic and unsystematic risks compared to companies having distributed (country specific) risk management & power structures. Cornell (1999. pp198-199) presented a correlation between risk duration and capital budgeting stating that long term projects may be having higher risks if the variations in cash flow is stochastic in nature. Such projects make estimations of discounted cash flow quite difficult and hence the author recommended discounting of long term projects at higher rates. This is the reason that investors normally prefer to invest in short term projects guaranteeing quick returns. Discussions on Risk Management in Deloitte The above analysis of risk exposures of multi-national corporations has been carried out to build analogy with Deloitte in which the author works as partner in Croatia. Deloitte is the largest and oldest multi-national corporation in risk advisory and audit services. Deloitte operates in multiple countries across the world through a tightly controlled "Franchisee" model in which local entrepreneurs are allowed to manage local business based on local market strategies but the risk management, code of conduct and operating methodology is largely governed globally by centralized power centers. The organization possesses a global knowledge base for risk management and allows diversification of portfolios in multiple coun