In this paper I will review how globalisation has impacted the Music Industry in recent years, and in particular the US multi-national Universal Music Group (UMG). The term globalisation is defined as “the process by which businesses or other organisations develop international influence or start operating on an international scale” (Definition of globalization). People’s view of globalisation varies depending on a number of factors including where they live, their religion, social status, political ideology, cultural background and wealth. The world-renowned British scholar David Held said, “Globalisation denotes transcontinental or inter-regional flows and networks of activity, interaction and power. It is, in short, about the interconnections between different regions in the world – from the cultural to the criminal, the financial to the environment – and the ways in which they change over time”. This descript definition demonstrates just how many things globalisations has an effect on across the world, and describes its action of connecting people, countries, and businesses through “networks of activity, interaction and power”. In addition, Kenichi Ochmae, a Japanese organisational theorist, said that globalisation is the “onset of the borderless world” (Al-Rodhan, 2006). This provides a simple explanation of globalisation because the phrase “borderless world” describes exactly what globalisation is about, however the weakness is that it is very non-specific.
Relationships and activities (business and otherwise) between countries are changed through globalisation. It results in the sharing of information, skills, knowledge and capital across the world and an increased mix of cultures. The six main aspects of globalisati...
... middle of paper ...
Staff, B. (2013, July 8th). SoftBank's $8.5 Billion Takeover Bid of Universal Music Group Rejected by Vivendi (Report). Retrieved January 8th, 2014 from Billboard: http://www.billboard.com/biz/articles/news/digital-and-mobile/2896248/softbanks-85-billion-takeover-bid-of-universal-music
The British Recorded Music Industry (BPI). (2013). BPI Yearbook 2013. United Kingdom.
Throsby, D. (2002, October). THE MUSIC INDUSTRY IN THE NEW MILLENNIUM: Global and Local Perspectives. From • http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.199.8085&rep=rep1&type=pdf
Vivendi. (2012). Vivendi Annual Report 2012. Retrieved January 18th, 2014 from Vivendi: http://www.vivendi.com/wp-content/uploads/2013/04/20130403_Annual_report_2012_ENG.pdf
Wetherly, P., & Otter, D. (2011). The Business Environment - Themes and Issues (2nd ed.). Oxford.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Define and explain globalisation, then critically evaluate and illustrate the impact globalisation has had on a particular business, the industry it operates in, its country of origin and the country or countries the business has expanded into. In this paper I will be discussing how globalisation has impacted the Music Industry in recent years, and in particular the multi-national giant Universal Music Group (UMG). Globalisation is a noun that is hard to define; it has many definitions depending on which scholar you talk to, which dictionary you reference, and the viewpoint you take.... [tags: Globalization Essays]
1044 words (3 pages)
- Dubai is one of the seven Emirates that make up the United Arab Emirates. Dubai is located in a south of the Persian Gulf on the Arabian Peninsula with the largest population of 2.2 million, 15% being Emiratis and 65% south Asians. Over the decades, Dubai has shown unbelievable growth, from a small fishing town to one of the most iconic cities in the world. The growth has been based on the oil discoveries and revenue it created. (Mazza, n.d.)In the past half century, Dubai’s economy was based on fishing, pearl diving, date farming, camel rearing and sea trade.... [tags: Dubai’s Tourism Industry]
1990 words (5.7 pages)
- Globalization is defined as the act of creating connections between countries across the globe in terms of culture and economy. Almost on every part of the world, citizens have become a part of the global village. Even though various researches stated that there are negative effects of globalization for particular reasons, the positive impacts were clearly shown to be stronger especially in developing countries such as Cambodia. To begin with, tourist travel is one of the main negative impacts of Globalization as it is able pose a serious threat on the society as a whole through the act of human trafficking.... [tags: Globalization Essays]
899 words (2.6 pages)
- The influence that music has throughout the world is immeasurable. Music evokes many feelings, surfaces old memories, and creates new ones all while satisfying a sense of human emotion. With the ability to help identify a culture, as well as educate countries about other cultures, music also provides for a sense of knowledge. Music can be a tool for many things: relaxation, stimulation and communication. But at the same time it can also be a tool for resistance: against parents, against police against power.... [tags: Global Music Musical Essays]
1786 words (5.1 pages)
- Globalization effects many aspects of the world including trade and investment that is fueled by governments, societies and their people. However, globalization also effects the culture living within these societies. John Tomlinson, Director of the Centre for Research in International Communication and Culture, Nottingham Trent University, UK, said globalization is an expansion of social ties across the planet, or "complex connectivity.” As Tomlinson mentioned in his article, Globalization and Culture Identity, who we are as a society changes when we travel, speak to different people, experience new things and interact with other societies outside of our own.... [tags: Globalization, International trade, Sociology]
983 words (2.8 pages)
- Edi K. THE MUSIC INDUSTRY – GLOBALIZING IN MANY WAYS The music industry is in a time of growth at this very moment. The environment for its growth has been increasing rapidly on many geographical boundaries and has been established through information technology and Internet. In this paper I will analyze how the music industry not only has been affected by Globalization as an economic institution but also that it has become a worldwide-globalized commodity. First, I will begin by analyzing how the music industry, though its consumption is not a necessity, it is affected by large economic factors and has become a large Music Market.... [tags: essays research papers fc]
1788 words (5.1 pages)
- In the hospitality industry, there are several environmental factors that impact hotels. This paper identifies and discusses the three most relevant environmental factors that have an impact on the Accor Hotel Chains in Australia. Additionally, there will be an explanation as to why marketers study buyer behavior. Lastly, when selecting a restaurant to celebrate a special occasion, there are several characteristics that will have an impact on my decision. The Accor Hotel Chains is a group of several chains of hotels spread across the whole of Australia.... [tags: Hotel chains, Hotel, Hospitality industry]
1113 words (3.2 pages)
- Just as governments, nations and economies have become intensified and connected, through the transmission of cultural ideas, meanings and values have also merged together (Wise, 2010), this acculturation has been enabled and sped up by the internet, media and a cheaper air-travel (Kofman and Youngs, 2008). Socio-cultural globalisation has contributed to an expansion of people 's consciousness (Steger, 2009), Roland Robertson coins the term "glocalisation" when referring to cultural hybridity, such a process has allowed people to enjoy a variety of cuisines, traditions, music, movies and books that were not previously available before in one country (Crothers, 2010).... [tags: Economy, Economics, Globalization]
761 words (2.2 pages)
- The term “globalization” has been used more frequently in the late 20th century, and along with it is the ongoing development of trade, urbanization and the sharing of knowledge (Wikipedia). The constant rotation of the source of goods, knowledge, new ideas and the explosion of information technology and mass media has brought cultures into contact with each other. As an inevitable consequence, globalization has created an impact on culture, causing changes in three main aspects which are traditional values, human behavior and other forms of art and entertainment.... [tags: anthropology, international influence]
1132 words (3.2 pages)
- "Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century." Quote from "Globalism: The New Market Ideology" by Manfred D.Steger Globalization essentially is the growth of an industry to a world wide scale. Globalization is seen in several varying ways. Many tend to believe that expanding the political, economic, and cultural spectrums of the world will essentially lead the masses in to an enlightened future. However, there are many counter arguments that portray globalization as a greedy power hungry mechanism used to exploit poor and undeveloped countries.... [tags: Outsourcing, Offshoring, Free Trade]
1299 words (3.7 pages)