Media and Journalism Course Business and Economic Reporting Manufacturing/industry beat The manufacturing beat offers some interesting opportunities for reporters who can look at three separate possibilities: A new manufacturing enterprise starting The operations of an existing manufacturing enterprise A manufacturing enterprise in trouble and potentially closing. Let’s consider some possible areas for attention in the three areas. The new enterprise Examine the long and short term prospects of the new enterprise – consider similar industries in other locations/countries. Some possible ways to help you frame the questions: What is the general state of this industry? Why has this area been chosen for the operation? What factors have influenced the location? Was it a popular choice or was there opposition (for example environmental concerns) Is there a political dimension to the story – is the business being positively encouraged by tax incentives or tariff considerations? The operations of an existing manufacturing enterprise The opportunities for stories about existing manufacturing enterprise are quite considerable and you might like to look at: Industrial and labour relations issues, including worker safety, occupational health and safety, employee relations, productivity, etc. Compliance with all regulations. Impact on the local economy – is the enterprise a good corporate citizen, or is it failing in its obligations (for example, some companies are considered desirable for an economy as they provide employment and inject funds into the local economy, yet may be causing pollution and long term damage to the environment). Profitability or otherwise of the business – is this a successful operation, are their recurrent financial crises, does the business have a stable client base with reliable contracts, etc. Factors helping or hindering the business – is the industry besieged or on the ascendant? Are there new government regulations that impact the business? BER, M13Ho8 1 Media and Journalism Course Business and Economic Reporting The troubled enterprise This is potentially a source of many stories for the manufacturing beat. In today’s climate of increasing globalisation manufacturing industries may be under considerable threat and subject to increasing pressures. Consider: the long and short term prospects for the enterprise – can it recover, what could occur, what are the options, has this happened before, what could tip it over the edge or save it, etc. the local impacts of the industry failing (for example, look at the human face of the employees who may be out of work, consider the impact on families and others affected in the area, what other industries or sectors does this impact, does it supply other companies, etc). BER, M13Ho8 2