Date 11118jrn205wi Section 22361389 Tr 330pmassignment Analytica ✓ Solved
Date: 11/1/18 JRN205WI Section , TR 3:30PM Assignment: Analytical Paper 3 Student ID: 1789 Student Name: Jonald Flenn Instructor: Dr. Tait Analytical Paper 3: Zulfia Zaher and Social Media Zulfia Zaher gave a presentation on social media and advertising. She touched on topics like fake news, hate speech, shootings, news consumption on social media, search engines, and confirmation bias. I want to talk about fake news because it is a very important topic for this generation. Fake news blew up after the 2016 US Presidential Election.
It seemed like Donald Trump was accusing major news networks of reporting fake news at every debate. Most people still don’t have an idea about what fake news really is. Fake news is anything that is intentionally a false report. Some more detailed definitions include: Distorted signals uncoordinated with the truth and A fictitious report relating to current events which is fabricated, and often times misleadingly, with the deliberate purpose of deceiving users and motivating them disseminate the report. These definitions are key to understanding what fake news is and how to spot it.
Fake news stories even use legit sounding styles and have a journalistic style. Fake news has been around since before the printing press. Some authors say that fake news is a new version of folk lore or fairy tales. It is important to remember that fake news is different from hoaxes, pranks, and satires. They difference is fake news has to be intentionally misleading the audience and try to purposely deceive them.
Assignment Details: This assignment has 2 parts: 1. What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the intellipath assignments (Units 1- 4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management? 2.
Discuss the similarities and differences between shareholder wealth maximization and stakeholder wealth maximization. Deliverable Length: 250 words (minimum) Analytical Paper/Assignment Guidelines •Submit via Blackboard: Assignments Category: via Analytical Paper #_ Portal •Limit answers to 500 words or less. This word limit excludes the heading. This word limit includes only your answers. Please use Times New Roman 14, 1 inch margins, and double-spaced. •Each paper is worth 10 points. •There are no wrong answers! •Deadline: Midnight •You are awarded points for: Format: Word limit, Margins, Headings, Font, Double Space, Writing Mechanics: Punctuation, Word Usage, Grammar and Spelling Writing Style: Clarity: • Corrections (blackboard errors, instructor’s errors) must be made within 7 calendar days after points are posted. • Students can make-up one missed Analytical Paper .
The missed Analytical Paper is due 7 calendar days after the deadline of the missed Analytical Paper • In the event of technical difficulties contact the help desk ( [email protected] ). • Do not send assignments to me via email or place in my mailbox. • Points are deducted for such items as: incomplete headings, and poor writing. More details regarding the awarding of points is discussed in each assignment. Please consult the Writing Center to help you identify writing problems that are not obvious. I will also make you aware of common writing problems during class time.
Paper for above instructions
Analytical Paper 3: Zulfia Zaher and Social Media
Introduction
In the ever-evolving landscape of social media, the issue of fake news has emerged as a significant concern, particularly highlighted during the 2016 U.S. Presidential Election. Zulfia Zaher’s presentation on social media and advertising adeptly covered several critical aspects, including the proliferation of misinformation, the dynamics of news consumption, and the nuanced distinctions between various forms of false reporting. The following paper aims to explore the competencies I developed through researching and writing the Comprehensive Project while employing knowledge acquired from the intellipath assignments. Additionally, it will address the comparative analysis of shareholder wealth maximization and stakeholder wealth maximization, laying the groundwork for understanding management perspectives in modern corporate governance.
Competencies Developed and Knowledge Application
Throughout the course, particularly when engaging with the Comprehensive Project, I honed several competencies critical to effective research and writing. These include analytical thinking, critical evaluation of sources, and clear communication. Engaging with academic and journalistic materials provided me with the skills necessary to distinguish credible information from unreliable sources, an essential competency in the era of fake news. Understanding the difference between misinformation and legitimate reporting empowered me to create a well-structured project that effectively addressed contemporary issues in social media (Lazer et al., 2018).
The intellipath assignments played a substantial role in enhancing my research abilities. The structured learning modules reinforced the importance of thoroughness when gathering data, as well as the necessity of employing diverse sources to provide a well-rounded perspective. For example, understanding the functions of search engines and algorithms helped me analyze how information spreads on social media platforms (Pariser, 2011). This ability to assimilate and interpret data will support my career advancement in management by equipping me with the tools required to make informed decisions. In a managerial role, being able to sift through data and present factual information will be vital, especially in strategic planning and crisis management (Martens & Neumayer, 2020).
Shareholder Wealth Maximization vs. Stakeholder Wealth Maximization
The concepts of shareholder wealth maximization and stakeholder wealth maximization represent two distinct approaches to corporate governance. Shareholder wealth maximization asserts that a company's primary responsibility is to increase the value of its shareholders' investments. This theory is often associated with traditional capitalist ideologies, where the primary focus is on short-term profits and returns on investments (Jensen & Meckling, 1976). Managers, in this paradigm, are deemed successful when they can deliver tangible financial benefits to shareholders, often evaluated through stock prices and dividends.
In contrast, stakeholder wealth maximization expands the focus beyond shareholders to consider the interests of all stakeholders involved with the company. This includes employees, customers, suppliers, and the broader community (Freeman, 1984). Advocates for stakeholder wealth maximization argue that a business’s long-term success is intrinsically linked to its ability to create value for various stakeholders. This approach recognizes that sustainable business practices will ultimately lead to stakeholder satisfaction, retention, and loyalty, which in turn builds long-term profitability (Porter & Kramer, 2011).
Despite their differences, both philosophies share common ground. Both perspectives aim for organizational sustainability; however, shareholder wealth maximization often prioritizes immediate financial gains, which can sometimes conflict with the long-term benefits associated with stakeholder engagement (Harrison et al., 2015). For instance, a company focusing solely on maximizing short-term profits may engage in cost-cutting measures that adversely affect employee morale and customer satisfaction, ultimately jeopardizing long-term profitability.
Moreover, the rise of corporate social responsibility (CSR) initiatives has prompted many organizations to consider stakeholder interests more seriously. Companies increasingly recognize that positive stakeholder relationships can enhance reputation, drive customer loyalty, and lead to increased profitability over time. This shift indicates a growing awareness of the interconnectedness of societal and economic factors—a theme echoed in Zaher's discussion on the role of social media in shaping public perceptions of organizations (Kumar et al., 2016).
Conclusion
In summary, the Comprehensive Project and intellipath assignments have bolstered my competencies in research, analytical thinking, and effective communication. These skills are foundational for a successful career in management, especially in navigating complex landscapes characterized by misinformation, such as social media. Additionally, understanding the disparities between shareholder and stakeholder wealth maximization equips aspiring managers with a holistic view of corporate governance, spotlighting the importance of balancing profitability with ethical responsibilities. As the prevalence of fake news and misinformation continues to challenge businesses, the need for responsible leadership and decision-making grounded in both stakeholder and shareholder considerations will be paramount.
References
1. Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Cambridge University Press.
2. Harrison, J. S., Bosse, D. A., & Phillips, R. A. (2015). "Managing for Stakeholders, Stakeholder Utility Functions, and Competitive Advantage." Strategic Management Journal, 36(1), 46–62.
3. Jensen, M. C., & Meckling, W. H. (1976). "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure." Journal of Financial Economics, 3(4), 305-360.
4. Kumar, A., Bezawada, R., Rishika, R., Janakiraman, R., & Kannan, P. K. (2016). "From Social to Sale: The Effects of Firm-Generated Content in Social Media on Customer Behavior." Journal of Marketing, 80(1), 7–25.
5. Lazer, D. J., Rubineau, R., & Katz, N. (2018). "The Science of Fake News: Addressing Fake News Requires a Multidisciplinary Approach." Science, 359(6380), 1096-1097.
6. Martens, P., & Neumayer, E. (2020). "Corporate Environmental Responsibility and Financial Performance: A Study of the Relationship and Dimensionality." Sustainability, 12(2), Article 869.
7. Pariser, E. (2011). The Filter Bubble: What the Internet Is Hiding from You. Penguin Press.
8. Porter, M. E., & Kramer, M. R. (2011). "Creating Shared Value." Harvard Business Review, 89(1-2), 62–77.
9. Taplin, J. (2017). Move Fast and Break Things: How Facebook, Google, and Amazon Have Cornered Culture and What It Means for All of Us. St. Martin's Press.
10. Vosoughi, S., Roy, D., & Aral, S. (2018). "The spread of true and false news online." Science, 359(6380), 1146-1151.