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1. INTRODUCTION
As any other business, a media organization must be managed in a profitable
manner if it wants to survive and meet the financial expectations of its owners. At the
same time, the organization must respond to the interests of the community,
represented through certain regulatory bodies that exist in every country. Balance
between private interests of owners and public interests of communities is a constant
challenge for media organizations.
Media, furthermore, have numerous functions. They serve as advertisement
media, entertainment media, informative media, educational media, etc. An additional
challenge is to exercise these functions in a way that meets the expectations of
advertisers, general public, media employees, and others.
The next requirement is a result of the competitive environment in which the
majority of the media operate today. In many countries the media are fiercely fighting
against one another for advertisers, public and employees. That is why it can be said
that not many management jobs offer the challenge that being a media manager
offers. Media managers are responsible for the work and results of work of the media
and that is why they are of key importance.
4. CONCLUSION
The media scene in Bosnia-Herzegovina is overfilled with participants.
According to the number of broadcasters per capita, Bosnia-Herzegovina is one of
the leading countries in Europe. On the other hand, if we take into account the fact
that the advertising market in Bosnia-Herzegovina is one of the smallest in Europe,
between 30 and 35 million DEM annually, the situation seems quite tense: A small
pond full of crocodiles, one may say.
At the same time, a process of consolidation and growth of the media industry
has been opened in Bosnia-Herzegovina, both in the public and in the commercial
sector. A lot of effort is being put into ensuring emergence to the national media
market in the country and in breaking beyond local or regional frameworks. All these
factors call for efficient management, capable of ensuring survival in the developing
media market through media campaigns.
Education in media management is one of the critical factors of
successfulness of media campaigns in Bosnia-Herzegovina. The most important
areas that need to be covered in class are strategic management of media
organizations, human resources management, marketing management and financial
management.
5. BIBLIOGRAPHY
The research was carried out by a Media Plan Institute research team. Nenad Brkic,
M.A., is a lecturer at the Faculty of Economics in Sarajevo. Jelisavka Eta Madunic
is a business coordinator at Media Plan Institute. Translated by: K. H. Media
Online 2002. All rights reserved.