Structures and Ownership

On the 28th February, my class were discussing the Structures and Ownerships of business, unfortunately I  got to class late due to bus problems.  I did however managed to find a few links related to the subject and here is what I discovered.

There are two types of ownership in media. You have state, which is funded by taxpayers and is obviously owned by the state, and private ownership, which is obviously owned by an individual or shareholders (people who share a business) . Privately owned companies can decide what is shown, published or released. So there could be a lot of bias and state owned companies can't chose,  they have to release information, even if it says something about them that they don't want people to know about. It's probably better to trust something like BBC as a source of information. Companies that broadcast to the public by using T.V's or radios, now there are platform like the internet to serve the public with, which is called Public Service Media. Independent media is when the media company has no ties to the government, it's also called alternative media. Cross-media ownerships is when a company must have multipple owners who can own no more than a certain percentage. The regulation says that one person can own no more that 20% of a company.

• There are companies that operate in more than one countries. These companies are called multinationals.

• There are companies that own smaller companies called Conglomerates and the smaller companies don't have to necessarily be related to each other.

• Voluntary work is when some one wants to work for a company without getting paid, which is a good way of looking good to people who might want to pay you.

• Diversification is when one company that produces a product branches out and does lots of different types of that product. 

• Jobs and work is the legal way of getting income. 

• Organisational objectives is when a company have an objective 

• Customers are the people who buy the products

• Monopolies are a series of companies being privately owned by one person, for example Rupert Murdoch has his hand in pretty much everything. 

• Franchising is when companies have system of selling their products that they do over and over again. You need a license and franchise agreement  

•  Companies will see that one thing is doing well and try to copy it. So it creates a trend. 

Vertical integration is when a company try to control everything about the production or distribution of their product so they get more money, like they would put their logo on the packaging because they made the packaging and don't have to put a manufactures logo on it. Horizontal integration is gaining more profit by merging or buying out companies that are similar.

Product diversity is when there are multiple good products from different companies  that compete with each other for consumers. The companies that have a product range sell more than one kind of product and get a lot of money for selling all of the products.

I hope these explanations were correct and basic enough to understand.
Thanks for reading,
Rain