| Conglomerates and Market Domination
The purpose of this discussion is to help you understand the role of corporations in the modern world while evaluating ethical aspects of corporate market domination. Prepare and post a response to the following prompts:
· Describe the difference between a corporation and a conglomerate.
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As nouns the difference between corporation and conglomerate
is that corporation is a group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members while conglomerate is a cluster of heterogeneous things.
As a adjective conglomerate is clustered together into a mass.
As a verb conglomerate is to combine together into a larger mass. (Wikidiff.com)
I am not going to pretend to know or understand what conglomerates mean, to my knowledge its sounds like goulash to me something just thrown together. A conglomerate is the combination of two or more corporations engaged in entirely different businesses that fall under one corporate group, usually involving a parent company and many subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational.
Market Domination is the internal and external forces that can affect the longevity of a products and services your business offers. Understanding how your business excels where your competition does not is a crucial element in dominating the market. (Marketdominationllc.com)
· Consider the ethics of media conglomerates in the United States. What are the ethical advantages and disadvantages of allowing large conglomerates to control the mass media? What are alternative ways the media might be organized that would be more ethical or moral? Explain your reasoning using both concepts from the course and academic resources.
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Allowing large conglomerates to control the mass media has its own set of advantages and disadvantages. Some of the advantages include minimal control by the government. If conglomerates control the mass media, and it is the people who decide what they want to see, then the control of the government is reduced.
References
Consider-the-ethics-of-media-conglomerates-What-are-the-advantages and disadvantages? www.coursehero.com/
Corporation vs Conglomerate – What’s the difference?wikidiff.com. http://wikidiff.com/ corporation/conglomerate
Yakov Amihud and Baruch Lev(Autumn, 1981) The Bell Journal of Economics Journal Article Risk Reduction as a Managerial Motive for Conglomerate Mergers Vol. 12, No. 2, pp. 605-617 http://www.jstor.or |
