Impact of Government Regulation on Global Social Media Firms
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Added on  2023/01/11
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This report discusses the rising global social media firms such as Facebook, Twitter, and Instagram and the possible impact of government regulation on these firms. It also highlights the negative influences of social media and the challenges faced by these companies due to regulations.
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CW2 GLOBAL BUSINESS ENVIRONMENT
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Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 Summarize the rising global social media firms such as facebook, twitter and Instagram, face from proposed or actual government regulation and explain the possible impact this could have on the firm....................................................................................................................................3 CONCLUSION................................................................................................................................4 INTRODUCTION...........................................................................................................................4 TASK...............................................................................................................................................4 Describe and explain how president Trump’s approach to economic policy impacts upon foreign economies such as the UK or EU or China.....................................................................4 CONCLUSION................................................................................................................................5 INTRODUCTION...........................................................................................................................5 TASK...............................................................................................................................................5 Discussand interprethowemergingeconomiesarepresentingopportunitiesfor global expansion for businesses using examples to illustrate your work...............................................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Growing the use of social media has bridge the gap between the people as they get any information about anything at anytime. The merits of these social platforms are limitless but apart from merits, there are many demerits also which has caused negativity and violence into the countries and societies (Carmichael, Koumou and Moran, 2015). The report discuss about why the government has to impose policies and regulations upon the working of these sites and what are the impacts these social media platform companies has to face due to this. TASK 1 Summarize the rising global social media firms such as facebook, twitter and Instagram, face from proposed or actual government regulation and explain the possible impact this could have on the firm. The media has consider has a strong source for information, many social sites such as facebook, twitter, timbler and so on distributes the information, opinions, ideas, viewpoints for people around the globe. All these social platform plays a very paramount role in spreading the new. It has many benefits such as quick information, sharing of information or ideas, grabbing more knowledge and many more. Besides all the advantages people and the government gets from social platform, there are many disadvantages or demerits of using these platforms and form these disadvantages has forced the government to put some restrictions upon these platform policies and regulations. Some of the demerits of these social media platforms were: Negativeinfluencingofpeople:Governmenthasnoticedmanygroupsorpeoplewho influenced the general people through their posts or stories. They put negative influences upon them which results into negative thoughts and aggressive actions of the people. By following on such posts or the stories, the general public thought get more attracted towards them which causes aggressive and violent behavior of the public. For example there were many political parties which were in anti of the ruling parties, to influence the people against them these anti parties used to post negative thoughts and videos which were against the ruling party. Such activity brings more aggression and hates among the people and they start a rivalry against the government which harms both the public and the government (Cong and Oosterlee, 2016). Another example can be terrorist groups who negatively influences the young people and these young people gets so influenced by their posts or status that they joined their groups and become one of them. Sharing of information:These social platform sites take the personal information of the person who is using their sites. They save their information and then use it for various purposes. For example the President Trump before elections the uses the information of public to know their behavior and the needs they want to get fulfilled. Through these Trump regulates its campaigns motives which attract these people. Sharing of personal information about a person without its permission is totally a illegal work.
After putting rules and regulations of these social platform sites, these company did faces various issues and some of them are as follows: Changing of working structure:These companies after has to change their operational structure according to the needs and demand of the countries in which they have opened their sites. These companies have to mould their policies and regulations according to the different countries regulations which is comparatively a hard and confusing task. Curbing the liberty to work:After posing the regulations upon these companies these companies have somewhere lost the freedom to work as before. Now there operations and activities are been viewed and have curb by the government. They don’t have much freedom to work as they have to operate in regard with government regulations. CONCLUSION From the report presented above the reasons of putting regulations upon these social media platform has been mentioned along with the impact of this upon the companies has also been included. INTRODUCTION It has been said that when a power country or any company changes it policies or rules it does affects the operations and activities of another country or companies. Similarly this report discuss about the approaches which were taking by President Trump’s to economic policy impacts upon foreign economies such as UK or EU or China. TASK Describe and explain how president Trump’s approach to economic policy impacts upon foreign economies such as the UK or EU or China. The US market is very huge; it has very strong linkages with majority of countries into the world. The country is said to have world largest economy and has many interconnectedness anddevelopmentswhichmakesitalargesteconomy(CongandOosterlee,2017).Any acceleration in the US economy can also lift the growth in the other countries who are their trading partners. Financial market in the country regulates the market of whole world as being a strongest economy. All the trading which are performs into the markets are done in dollars. The currency of the nation is so strong that any decrease in that can cause harm to the world’s economy. There are some policies which are formed by the US government which has impacted the other countries economy, some are as follows: Trading policies:As the market of the US is very huge and they have a very strong connection in the market, therefore any change into their policies can creates barriers for the other countries
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who were the trading partners with US. The US government post some regulations related to the trading which strict the trading of US from other countries. The policies which were made caused problem for the countries such as China, India and US. Immigration:The president Trump has posted the restriction on immigration which has caused the barriers in migration of people outside of US into the US for business, jobs, studies and much more. As the country has strict barriers to the immigration, it has caused the problem for other countries also. Financial market:The financial market of the US is very much strong; any drop into the value of currency can drop the market for whole world’s economy (Hsu and et. al., 2013). Any fiscal policy or monetary policy of the country can affect the financial operations of other countries also. CONCLUSION From the report presented above, the policies like immigration regulations, financial market, trading policies does affects the economies of other countries like India, UK, China and etc. INTRODUCTION To operate in the global market the companies have to follow some external environment which affects the working and operations of the business. Launching the business globally is very much a hard task. They are many countries which are acting as an emerging prospect for the many companies to invest in such economies. This report discuss about how these emerging economies are presenting opportunities for global expansion. TASK Discuss and interpret how emerging economies are presenting opportunities for global expansion for businesses using examples to illustrate your work. The development countries to get developed attract the other big companies or business in their country to invest. Through the investment the guest company or business brings opportunities and development into that region. These development opportunities can bring more technologicaladvancement,investmentintothecountry,moreemploymentgenerations, infrastructure development, opening up of new and more opportunities of the people who are living in the host countries and much more (Li and et. al.,2013). All these emerging economies are presenting opportunities for global expansion by the following ways: Inviting the companies:These emerging economies tries to invite the other big businesses who are planning to expand their business globally or who are planning to set their business for global
level. Through inviting these business, the government get ready to agree upon their terms and conditions and also allows these companies to use their resources for business activities. The companies comes to these economy for business and uses their resources. Government schemes:The government also helps their own country’s business in expansion of the domestic business at a global level. For help the government tries to give many sanctions and free trades policies to encourage them for expanding their business globally. The government also want their domestic companies to present themselves at a global level, as that company would present the country at a global level. Giving interesting schemes to other companies:To attract the companies for investing into host country, the host country gives some lucrative offers and schemes to these companies to invest into their country. Such companies have many options and invitations from other countries also for investment purpose. The company analyze all the available alternatives and then choose the option which benefits it the most (Stern and Deimler, 2012). CONCLUSION From the report presented above, the steps which these emerging countries take to take their business globally have been mentioned. Along with it, the countries also invites the other country’s business to invest into their country for business purpose which actually also helps the host countries in developing their economy.
REFERENCES Books and Journals Carmichael, B., Koumou, G. and Moran, K., 2015. Unifying portfolio diversification measures using Rao's quadratic entropy. Cong, F. and Oosterlee, C. W., 2016. Multi-period mean–variance portfolio optimization based on Monte-Carlo simulation.Journal of Economic Dynamics and Control.64. pp.23- 38. Cong, F. and Oosterlee, C. W., 2017. On robust multi-period pre-commitment and time- consistent mean-variance portfolio optimization.International Journal of Theoretical and Applied Finance.20(07). p.1750049. Hsu, W. K.,and et. al., 2013. A probabilistic approach for earthquake risk assessment based on an engineering insurance portfolio.Natural hazards.65(3). pp.1559-1571. Li, B., and et. al.,2013. Confidence weighted mean reversion strategy for online portfolio selection.ACM Transactions on Knowledge Discovery from Data (TKDD).7(1). pp.1- 38. Stern, C. W. and Deimler, M. S. eds., 2012.The Boston consulting group on strategy: Classic concepts and new perspectives. John Wiley & Sons.