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Comparative International Business – A network built on trust

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A network built on trust
http://www.ft.com/intl/cms/s/0/f4604d5c-0dd5-11e5-aa7b-00144feabdc0.html#axzz3iifW8g6y

Questions:
– What institutional systems do you think play a role in these cases? Explain why.
– What might be the complementary institutional systems that enforce or hinder the
conditions exemplified in the cases?
– How might firm strategies or capabilities be influenced?
– How does your home country or where you are based compare?
for the last question compare Nigeria to middle east

Comparative International Business

In the case, there are a number of institutions playing a major role. First and foremost, the state has a role in the nature in which firms are established and their subsequent development. For instance, the military dictatorship government always set conditions the fact that broadcasters were to adhere to policies set up and implemented by international lenders[1]. Another significant institution is the trust system or the authority. For instance, when Mr. Momoh, Channels TV owner, applied for a broadcasting license he got it without hustle. This implies that the authority/trust system controlling media houses in Nigeria creates a supportive atmosphere the media house operations. Mr. Momoh is committed to the future of Channels TV, and indeed, often identifies it with his personality and family1.

Complementary institutions that enforce the circumstances exemplified, in this case, include government policies and legislations that limit the freedom under which media houses operate. For instance, disallowing media houses to cover certain significant aspects mostly relating to government operations is an instigator of conditions exhibited in this case[2]. However, on the contrary, policy procedures that support the freedom that media houses hinder the existence of conditions that compromise the growth and corresponding welfare of such firms[3]. Remarkably, corporate firms have an independent choice of whom to advertise with. Thus, it is hard to determine the extent to which corporate firms hinder or enforce the conditions exhibited in this particular case.

Firm capabilities and strategies are influenced by the continuous improvements that characterize Channels TV growth and development since its initiation. However, there are also radical discontinuous innovations that have rocked the broadcasting sector to an extent that the firm’s strategies have been greatly affected[4]. Although, the owner of Channels TV network fails to disclose the firm’s revenue, it is evident that the firm’s growth has been influenced by the expanding coverage that it has not only in Nigeria but, also across the globe including the Middle East and Europe[5]. The firm has so far, developed an independent coverage that is totally different from other national radio and television channels in Nigeria. The reputation gained from this kind of coverage including the inclusion of sports commentary and ne musicians on the program line up can be seen as reconfiguration capabilities based on continuous organizational learning1.

Both Nigeria and the Middle East have so far, experienced an increase in the number of satellite television networks since 1990[6]. However, on contrasting aspect is the relative independence that pan-Arab broadcasting stations have compared to those in Nigeria. Both media environments are characterized by the ‘unfriendliness’ of the national governments towards critical reporting3. Further, underinvestment in the media sector is another notable aspect characterizing both regions. Significantly, media laws and regulations in both regions are on the verge of development and implementation to create a comfortable and supportive environment for reporters, journalists and the entire media fraternity. Notably, unlike Nigeria where the media’s concentration is more on local news and broadcasting, the Middle East’s media houses have concentrated more on international reporting3.

References List

A network built on trust. FT, 2015. [Online Database] Accessed on 19th August 2015.

Business in Nigeria: Africa’s Testing Ground. The Economist, 2014. [Online Database] Accessed on 19th August 2015.

Middle East and North Africa Media Development Initiatives Alliance. IREX, 2015. [Online Database]. Accessed on 20th August 2015.

Odukoya, A.  A Discourse on Accumulation and the Contradictions of Capitalist Development in Nigeria. (Department of Political Science, University of Lagos, 2011).

Rodney, W. How Europe Underdeveloped Africa. (Dar-Es-Salaam: Bogle-L‘Ouverture Publications, London and Tanzanian Publishing House, 2003)

Tomori, S. Evolving a New Development Paradigm for Africa. Issues in African Development. (Nigeria: Heinemann Educational Books, 1995).

[1]A network built on trust. FT, 2015. [Online Database] Accessed on 19th August 2015.

[2]Business in Nigeria: Africa’s Testing Ground. The Economist, 2014. [Online Database] Accessed on 19th August 2015.

[3]Rodney, W. How Europe Underdeveloped Africa. (Dar-Es-Salaam: Bogle-L‘Ouverture Publications, London and Tanzanian Publishing House, 2003)

[4]Tomori, S. Evolving a New Development Paradigm for Africa. Issues in African Development. (Nigeria: Heinemann Educational Books, 1995).

[5]Odukoya,  A.  A Discourse on Accumulation and the Contradictions of Capitalist Development in Nigeria. (Department of Political Science, University of Lagos, 2011).

[6]Middle East and North Africa Media Development Initiatives Alliance. IREX, 2015. [Online Database]. Accessed on 20th August 2015.

 

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