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Essay / Research Paper Abstract
This 10 page paper considers the advantages and disadvantages of self regulation and statutory regulation in industry. The paper uses the telecommunications computers, media and entertainment industries as an example and looks at the different aspects of this complex issue. The bibliography cites 5 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEselfreg.rtf
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Unformatted sample text from the term paper:
of knowledge. It is to protect the consumer as well as to safeguard competition that regulation in markets has been needed. This can occur in differing forms, hands on regulation
is seen where there is direct intervention and regulation, as seen with the telecommunications industry where there have been enforced minimum tariffs and the setting of radio frequencies for the
mobile telecommunications. Another approach that can be adopted in the hands off approach, this is where industries are left to regulate themselves in a voluntary manner all agreeing to abide
by a set of codes and often with setting up of a self regulated industry watchdog. Each of these have advantages and disadvantages when we apply this to the
area of ICT in a range of industries from telecommunications to consumer electronics. In the past different industries were well defined, however in the modern world many different industries
are seeing the lines blurred, telecommunication, computers, media and entertainment are not longer isolated, they have become integrated and this increases the complexity of any regulation, whatever the source (Campaign,
2002). This increased synergy between the various areas of operations are resulting in large multi-dimensional corporations, such as AOL Time Warner, where entertainment, broadcasting computers and telecommunications are all brought
together and offered to the consumer as packages even where there are defining lines possible (Campaign, 2002). Another example of a conglomerate is that of Disney/ABC (Campaign, 2002), and even
in the UK British Telecom is offering entrainment services and companies such as NTL are also crossing over the boundaries. The preference of companies operating within the industry has
often been that of self regulation, allowing them to retain influence and citing reasons such as greater direct understanding of the needs of the consumer in that market. One example
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