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CHAPTER 1
Fundamentals in Business Reporting
Introduction
The starting point in writing a business story is similar to the first step in reporting other
stories – understanding the subject you are writing about.
Like other reporters, business reporters too are always required to conduct basic
research on the subject matter.
Reporters who understand the subject can explain what the jargon means. They would
be able to ask the right questions, to recognize newsworthy answers and to write a
story in a way that readers without specialised knowledge will understand. - Donica
Mensing PhD, University of Nevada
1. Hard news
2. Follow-up news
3. Backgrounder
4. Profiles (people or companies)
5. Trend and analysis
1. Marketing perspective
Marketing - the action or business of promoting and selling products or services,
including market research and advertising.
2. Management perspective
Management - the organization and coordination of the activities of a business in order
to achieve defined objectives.
3. Financial perspective
Financial - a broad term used to describe many aspects of finance or the financial
industry, such as financial instruments, financial services, financial institutions,
financial advisors, or financial planning.
Marketing Perspective
One of the most basic approaches which looks at a company from the following
aspects:
A. Segmentation:
- focuses on how a company segments its markets
- some companies segment theirs geographically (according to regions, countries or
cities)
- some companies divide their markets demographically (specific age groups, family
size, education levels and social class)
- some companies segment markets psychographically, meaning they might focus on
audiences with certain lifestyles or personality characteristics.
B. Positioning:
- focuses on how a company positions itself or its products in the market
- essentially companies want to be seen or stand out from their competitors
Example:
JRN655 Economic and Business Reporting
Management Perspective
Another basic approach that examines companies from the following aspects:
C. “New’ approaches
- this approach looks at, among others, how companies take advantage of new
technologies, new concepts and how they adjust to new rulings
Example:
JRN655 Economic and Business Reporting
Financial Perspective
Another basic approach that examines companies from the following aspects:
B. Capital Sources
- how companies raise capital for start-ups, for expansion, or for other uses
Example:
JRN655 Economic and Business Reporting
One of the most interesting approach. A reporter can look at how a company positions
itself to deal with its competitive environment by examining how it performs these
following functions:
a) Target markets
b) Marketing
c) Sales
d) Product Line
e) Finance and control
f) Research and Development
Example:
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JRN655 Economic and Business Reporting
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