Week 2 Assignment 1

Gaming went from a plug into your television to the

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Gameboy to play, and that was all the rage. Gaming went from a plug into your television to the first portable hand held device. In fact, I still have my Gameboy to this very day. As we progress in society, our technology will continue to improve and we will continue to use applications every single day. What is meant by the term media convergence with regard to business, and how has it affected everyday life? Media convergence with regard to business is a group of business forming together to present the public with different ways of sharing information or products. For example we’ll look at Facebook. Facebook initially started as a program a kid made to make better than MySpace. Through Media convergence, you can now find several businesses on Facebook; you can post ads of your own store or even pay for the product placement ads. When business form an alliance it can be a good or bad thing. It will affect everyone who may shop there or maybe just the folks who work there. For example, we will look at Wells Fargo and State farm. These two companies have partnered together. When we closed on our house, we had the option of choosing State Farm for our home owners insurance and through Wells Fargo; we would get a great discount. This is a good example of Media Convergence in a firsthand account. When a business like the big banks banded together and AIG took bailout funds from our government. This was a bad Media Convergence. The CEO’s
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