Benefits and drawbacks

Thaddeus

1.

Horizontal interrogation

In a business horizontal integration is a strategy where a company creates or acquires production units for outputs. One example would be when a company acquires competitors in the same industry doing the same stage of production for the creation of a monopoly. Horizontal integration occurs when a company decides to merge, acquire or take over another company in the same industry and at the same stage of production. Disney's acquisition of Pixar or the merger of Exxon and Mobil are both great examples of horizontal integration. In both examples, two companies of similar size and operation, operating in the same industry, combined to form a stronger company.

Benefits

. Cuts out competition from companies in the same field

. It helps companies grow larger

. They will have a wider audience to sell their products too by hopefully attracting customers of a company that another company has acquired.

Drawbacks

. The worst disadvantage the company can face is a possible reduction in overall value.

. Legal action over the takeover

. The audience might not like the new big companies’ products and preferred it more when there were separate companies offering more choice.

2.

Vertical interrogation

In microeconomics and management, vertical integration is an arrangement in which the supply chain of a company is owned by that company. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need.

Benefits

.Enables you to invest in greatly specialized assets. 

.Lower Costs of Transaction.

. You control the supply lines

Drawbacks

.The suppliers can’t sell their products and branch out themselves as they are supplying there products to the company which owns them.

. Less of a choice for consumers as all the suppliers owned by a company cannot produce for consumers themselves.

Co-operatives.

The media cooperative is a relatively new form of cooperative.. Media Cooperatives are a special form of service cooperative, in which customers and service providers usually unite to oppose the pure profit motive.

Benefits

, Lower prices of products

. It is controlled by the members

Drawbacks

They might have to sell to niche market because they might not be able to stand up to big companies.

. More ethical so they may miss out on opportunities because they don’t agree with the policies of some companies or governments.

Codes of practice

Codes of practice is a set of written rules which explains how people working in a particular profession should behave.

Reasons for codes of practise

.This is so it can help stop false advertising.

.Stop biased news reporting

.Stops the news telling lies and forces the news to tell both sides of a story

.Controls the size of media companies to stop a monopoly becoming to large.

Unlawful practise

Unlawful practise is getting information and selling media products illegally

Examples of unlawful practise

Fake advertising

Selling illegal or fake products

Gathering information in illegal ways such as hacking into peoples phones

Censorship

Censorship is deciding where something is suitable for someone by their age. This is by movies, games, magazines etc.

Examples of censorship

.A game like call of duty would be censored to 18 aged people or over because of the content.

. Films have different age categories by what content is in them.

. Some news stories may be censored by the government because of the content.

Working independently

Working independently means working by yourself and it allows you to come up with your own ideas. Everything you do will be produced by you only on blogs, websites, Facebook, Twitter etc.

 Working collaboratively

Working collaboratively means working with others so you can produce more ideas because lots of different people will have lots of different strengths and different ideas to input.

Working with a client

Benefits

.Working with a client you know that you are going to get paid

.Working to a brief so you have a idea of what you need to produce

.Working to a time table so you know when the works needs to be done by

Drawbacks

. It might restrict your creative input

.You might find the work boring

. You might find it hard to meet the deadline of the work