Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
The previous articles in this module discussed how the media plays a prominent role in acting like a watchdog in democracies. This article looks at how media can be a force for good in oppressive regimes and how a vigilant and alert media can help the citizenry overthrow unpopular and repressive rulers.
The best example of this can be seen in the way media, especially social media, were used in the Arab Spring protests of early 2011 wherein the youth in the Arab countries leveraged the power of media to overthrow despotic rulers. Given the fact that such rulers always resort to media manipulation to further their ideology and retain their grip on power, the options before the citizenry in such countries are very limited. Hence, any media that supports their cause and furthers their aims is a favorite with the protest movements.
The other example of how the internet and social media can be used in the pursuit of progressive goals is the way in which President Obama uses these media to communicate with his supporters.
Both in 2008 and the recently concluded elections of 2012, President Obama leveraged the power of media to mobilize grassroots activists and volunteers who encouraged people to get out and vote and thereby helped Obama win. Further, the savvy use of media can work wonders in improving the image of politicians and social activists. This can be seen in the way the Anna Hazare movement in India in 2011 was helped along by the media, which gave it extensive coverage and ensured that people in large numbers turned out to support the movement. This goes on to show that media can play a vital role in furthering the cause of social movements.
The other aspect about media and its role in social movements is the power of transmission and repetition of the message of the social activists. Given the rapid dissemination of messages on Twitter and Facebook and the fact that television gives an instant image of the protests or the movements, media can indeed play a prominent role in ensuring that social movements are covered well.
A third example of this is the coverage of the Occupy Movement across the world by all media outlets and the publicity that this coverage provided to the cause of the protestors. This goes on to show that media can play a constructive role in propagating the message of the activists.
Finally, activists and social leaders need to be careful of how they use media and how the media uses them. The best example of this is the way in which the anti-corruption movement in India lost support from the media after the initial euphoria. This was because the media jumps from issue to issue given the way in which the 24/7 news cycle and breaking news rhythms are structured. We would examine this in detail in the subsequent articles. It would suffice to state here that the symbiotic relationship between the media and social movements needs to be a partnership that hinges on both sides and not one side alone.
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