Strategic Business Inherent Risk Assessment and Preliminary

Question: Talk about the Strategic Business Inherent Risk Assessment and Preliminary. Answer: Presentation: With regards to evaluating, the innate hazard suggests a danger of misquote in the budget report without considering the controls. The element set out the controls on different business procedures to diminish the danger of misquote in the fiscal reports, which are not considered by the reviewer at the time primer appraisal of the review chance (Johnstone, Gramling, and Rittenberg, 2015). This starter evaluation of the review hazard is known as intrinsic hazard. The evaluation of the inborn hazard is made at the monetary report level and at the specific record balance level. The appraisal of innate hazard at the money related report level considers the expansive view with regards to what could turn out badly at the higher administration level in finishing the fiscal summaries (Johnstone, Gramling, and Rittenberg, 2015). There are different components that influence the evaluation of the innate hazard at the money related report level as talked about underneath: Honesty of the Management The administrations honesty is urgent issue for the associations notoriety. On the off chance that the administration of an association is untrustworthy, the evaluator is probably going to survey the inalienable hazard high (Delaney and Whittington, 2012). Then again, if the administration is incorporate; the evaluator would survey the characteristic hazard low thinking about less chance of control in the budget reports. In this manner, the need respectability of the administration would expand the danger of errors in the fiscal reports. The Experience and Knowledge of the Board of Directors The experience and information controlled by the top managerial staff of an organization is another factor that adds to the appraisal of the natural hazard at the fiscal summary level (Delaney and Whittington, 2012). The examiner need to give due thought to the experience and information level of the top managerial staff of the organization, the incomparable administration authority, while evaluating the inborn hazard at the budgetary report level. This is on the grounds that the unpracticed individuals or beginners in the block can without much of a stretch be gotten by the deceivers. In this way, if the individuals in the top managerial staff are unpracticed or needs information, almost certainly, the evaluator surveys the inalienable hazard high than expected (Delaney and Whittington, 2012). Changes in the Composition of the Board of Directors This is maybe the most essential factor that the inspector is required to consider while surveying the innate hazard. A considerable and unexpected change in the piece of the top managerial staff means that something incorrectly in the element. Therefore, if the examiner, before direct the review, runs over of any significant change in the board in the ongoing years, the intrinsic hazard ought to be surveyed high (Johnstone, Gramling, and Rittenberg, 2015). Nature of Business and Industry Conditions The idea of business could likewise influence the appraisal of the inalienable hazard. For instance, another endeavor with various business forms like web organizations are increasingly inclined to the characteristic hazard. Further, the business conditions, for example, increment in the opposition in the market could make common weight on the administration. The administration may entice to control the fiscal summaries and window dressing to dazzle the financial specialists in such circumstances (Young, 2003). Political and Regulatory Environment The political and administrative together influence the appraisal of the inalienable hazard. For instance, the adjustments in the administrative system in the telecom area in Australia influenced the whole business. In this manner, the adjustments in the guidelines, which are probably going to have unfavorable effect on the matter of the organization, likewise upgrade the level of natural hazard (Young, 2003). The key business chance evaluation is the way toward distinguishing the conditions that could prompt potential risk to the business and accommodating the defend against those conditions. In the current situation, the associations are embracing extensively hazard appraisal system that considers the inner just as outside hazard factors (Fraser and Simkins, 2009). The inner hazard factors spread the conditions identified with the inside procedures and business condition of the organization. Further, the outer components identify with the earth outside the organization, for instance, the political conditions, guidelines, and topographical conditions. Among the above talked about hazard factors, the elements relating to the administration and nature of business are could be recognized during interior hazard evaluation. Further, the hazard factors relating to the political and administrative condition are probably going to be recognized during the outer hazard evaluation (Curtis and Cary, 2012). Variables of Inherent Risk Assessment at the Account Balance Level The evaluator is required to keep up most elevated level of value in examining and confirmation administrations. So as to keep up the most elevated level of value, the evaluator ought to survey the hazard material of misquotes, which incorporates the inborn hazard, at the records balance level (Puncel, 2007). The danger of material error at the record balance level is tied in with affirming that the record adjusts appeared in the fiscal reports are valid and right. In this manner, the examiner is required to confirm different attestations in regard of the record adjusts and classes of exchanges. Such affirmations are presence, event, culmination, and groupings of the exchanges and record adjusts. In confirming these statements, the reviewer should pay due view to different hazard factors as examined beneath: Multifaceted nature of Transactions The reviewer may watch the money related exchanges somewhat complex in the unique nature business substances when contrasted with the ordinary business elements. In the quick creating business condition, it is conceivable that an element may have the uncommon monetary game plans making it extremely hard for the evaluator to assess their effect on the fiscal summaries. Therefore, the evaluator ought to have due respect to the degree of intricacy of the exchanges (AU Section 312, 2006). The higher the degree of multifaceted nature pronounced by the reviewer higher will be the evaluation of innate hazard. Bookkeeping System The bookkeeping framework utilized by the substance is likewise a main consideration in surveying the inalienable hazard at the record balance level. In such manner, the evaluator ought to confirm that whether the element has bookkeeping framework set up that similar with its size and the idea of business. In the event that the bookkeeping framework doesn't proportionate with the size of the element and nature of its business; the inspector ought to evaluate the inborn hazard high (AU Section 312, 2006). Subjectivity Involved in Accounting The bookkeeping exchanges and equalizations that include administrations judgment are increasingly inclined to error. The bookkeeping exchanges, for example, assurance of the helpful existence of the depreciable resources and choosing the strategy for devaluation rely on the administrations judgment. The more there is degree for the executives judgment, the more will be the intrinsic hazard evaluated by the evaluator (AU Section 312, 2006). Powerlessness of Misappropriation The reviewer should cover here the elements, for example, aptitudes of the staff, occurrences of circumvention of the experts previously, and the general structure of the worry. Considering these all components if the defenselessness of misappropriation is higher, the natural hazard ought to be evaluated as high (Johnstone, Gramling, and Rittenberg, 2015). Cut off Transactions The slice off exchanges alludes to the exchanges happening toward the finish of the bookkeeping time frame. The evaluator should focus on the past records and furthermore allude to the past review reports to recognize the volume and the idea of exchange that happened toward the finish of the bookkeeping time frame (Johnstone, Gramling, and Rittenberg, 2015). Appraisal of Going Concern The budget summaries of a substance are readied dependent on the principal bookkeeping presumption of going concern (IAS 570, 2016). The supposition of going concern infers that the monetary situation of the organization seems satisfactory and the substance won't exchange its benefits sooner rather than later. The administration of the organization needs to unequivocally express that the budget summaries have been set up based on going concern supposition and the job of the inspector is to confirm the fittingness of this announcement of the administration. In checking the propriety of the administrations proclamation the reviewer should consider the noteworthy occasions and exchanges that hinder the capacity of the association to proceed as a going concern (IAS 570, 2016). In light of the investigation of the noteworthy occasions and exchanges, the reviewer ought to survey the danger of going worry as high, low, or medium. The evaluation of the hazard relating to the going concern is critical in drawing review conclusion, in this way, the evaluator ought to keep up proficient distrust while checking the fittingness of the going concern suspicion (Dagwell, Wines, and Lambert, 2011). The inspector ought to think about the accompanying occasions or exchanges while checking the propriety of the going concern suspicion: Budgetary Events The examiner ought to be alert while confirming a portion of the significant things of the fiscal reports, for example, total assets, obligation risk, and working incomes. Further, the key budgetary proportions, for example, obligation value proportion and current proportion additionally should be considered by the reviewer. The occasions, for example, negative total assets, negative working incomes, unfavorable obligation value proportion and current proportion expands the danger of going concern (Flood, 2014). Non Financial Further, the non money related conditions, for example, administrations goal to sell the business activities in th

Financial pros and cons Essay Example | Topics and Well Written Essays - 1000 words

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Chisum, John Simpson

Chisum, John Simpson Chisum, John Simpson chiz ´?m [key], 1824â€"84, American cattleman, b. Tennessee. In 1837 he moved with his family to Texas. He had no formal education but worked as a builder and contractor, building the first courthouse in Paris, Tex. In 1854 he entered the cattle business; beginning in 1866, in partnership with Charles Goodnight , he drove herds into New Mexico, Colorado, and Wyoming, selling them to government food contractors for Native American reservations. When, in 1883, he established his ranch near Roswell, N.Mex., he became one of the first cattlemen in that region, and his became one of the largest herds. He was a prominent figure in the Lincoln co. cattle war, and at one time Billy the Kid was employed by him; however, Chisum cooperated with the authorities to end lawlessness in the cattle business. The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved. See more Encyclopedia articles on: U.S. History: Biogr aphies

The Events Of World War 2 - 2008 Words

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Mock Behavioral - 1712 Words

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Banking services in saudi arabia research proposal Free Essays

Literature Review I. Introduction The beginning of the modern banking system began in October 1952 with the creation of the Saudi Arabian Monetary Agency (SAMA) the principle agency responsible for management of monetary matters. Paper money was first introduced in the early years of the 1950s decade. We will write a custom essay sample on Banking services in saudi arabia research proposal or any similar topic only for you Order Now Banking problems in the late 1950s decade resulted in regulatory framework being strengthened in Saudi Arabia during the middle 1960s decade in which broad supervisory capacity was given to SAMA in a legal environment that upheld the concept of a Universal Banking Model allowing banks to make provision of a wide range of financial services â€Å"including banking, investments, securities, etc. through their branches.† (Saudi Arabian Monetary Agency, 2004, p.3) There were 12 operating banks by 1979 only three of which, were non-Saudi banks and branches had doubled by that year to 140. II. Lending Institutions in Saudi Arabia Five major lending institutions were introduced in the decade of the 1970s: (1) Saudi Credit Bank; (2) Saudi Agricultural Bank; (3) Public Investment Fund; (4) Saudi Development Fund; and (5) the Real Estate Fund. (Saudi Arabian Monetary Agency, 2004, p.3) Restructuring was accomplished arising from encouragement by the Saudi Government and by 1975 there was a reported â€Å"10 international bank†Ã¢â‚¬ ¦including â€Å"29 branches present.† (Saudi Arabian Monetary Agency, 2004, p.3) There was a rise and fall in the economy and SAMA faced a critical challenge for supervision in 1982 â€Å"when irregularities appeared in Saudi Cairo Bank’s operations. Two senior managers were involved in unauthorized trading in bullion during the 1979-81 period, and had concealed accumulated losses that exceeded the Bank’s share capital.† (Saudi Arabian Monetary Agency, 2004, p.3) It is reported that SAMA required the Bank to issue new shares and double its capital i n 1986. SAMA arranged this increase to be taken up entirely by the Public Investment Fund (PIF). The Bank also benefited from â€Å"low-cost† deposits from the Public Investment Fund. These measures helped the Bank with liquidity and rescued it back to a healthy position.† (Saudi Arabian Monetary Agency, 2004, p. 4-5 III. Regulatory Framework of Banking System in Saudi Arabia SAMA in collaboration with Saudi Arabia Ministry of Finance ensured the financial system’s stability and assisted banks in clearing the hurdles of economic downturn. Included in this collaborative initiative were the following actions: (1) Banks were required to seek SAMA’s approval prior to announcing their dividends. The Banking Control Law required all banks to build their statutory reserves equal to their share capital. SAMA further encouraged Saudi banks to build additional reserves to strengthen their capital base. (2) Most foreign shareholders in Saudi banks enjoyed a tax holiday for the first five years of their ownership. To encourage retention of profits, the tax holiday was extended in most cases by another 5 years after which a deferred tax scheme was permitted; (3) In 1986, SAMA obtained a ruling from the Tax Department that permitted the tax deduction of loan loss provisions on an accrual basis. This encouraged banks to increase their loan loss provisions for doubtful accounts; (4) To encourage Saudi banks to increase their inter-bank dealings and to support the development of a riyal inter-bank market, a tax ruling was obtained which exempted foreign banks from withholding taxes when carrying out inter-bank transactions with Saudi banks; (5) Corporate Governance. SAMA recognized the need to encourage banks to take strong steps to improve their risk management and control procedures. Consequently, it took major initiatives in the area of corporate governance. Firstly, it required all banks to develop and strengthen their internal audit departments, and secondly it issued minimum internal control guidelines. In addition, SAMA issued accounting standards for Commercial Banks in Saudi Arabia which were in line with International Accounting Standards; (6) Creation of Banking Disputes Committee. In 1987, Saudi authorities established a Banking Dispute Committee by the order of the Council of Ministers. The creation of this Committee a s the only relevant quasicourt to handle dispute between banks and their customers significantly strengthened the legal system. By law, all banking disputes had to be referred to this Committee and the rulings of this Committee were given the same enforcement support as decisions from any other court; (7) Exchange of Information on Large Borrowers and on Delinquent Loans. In the early 1980’s, SAMA established a credit information service that provided information to Saudi banks on all large exposures of the Banking System. This enabled banks to better assess the credit position and risk of big borrowers. Also in 1986, SAMA permitted banks to exchange information on delinquent borrowers as a means of applying collective pressure on them. These measures have proved quite effective in resolving problems of delinquent loans.† (Saudi Arabian Monetary Agency, 2004, p. 5-6) IV. Improvement of Banking Services Banking and financial services were improved during the early decade of the 1980s by technological advances and SAMA had acknowledged a decade earlier that there was not only a potential but as well as need to â€Å"enhance and strengthen the Saudi financial markets through greater investment in modern technology. It is reported that the primary objectives of this strategy were: (1) elimination of duplication of efforts and waste; and (2) development of a national infrastructure. (Saudi Arabian Monetary Agency, 2004, p. 7) Technology enhanced business services introduced included: (1) automated Cheque Clearing System (1986); (2) linking of Saudi Arabia with the SWIFT payment network; (3) introduction of a national Automated Teller Machine System enabling customers to access accounts from any machine in Saudi Arabia and from the major financial markets; (4) introduction of debit, credit and charge cards; and (5) introduction of Point-of-Sale terminals that link customers, traders and banks. (Saudi Arabian Monetary Agency, 2004, p.7) International Islamic Financial Institutions It is reported that International Islamic Financial Institutions are reported in the work of Memon (2007) entitled â€Å"Islamic Banking: Present and Future Challenges† to be making provision of â€Å"a wide range of services in accordance with the basic principles of Shariah. The products are reported to include: (1) Mudaraba; (2) Murabaha; (3) Musharaka; (4) Ijarah; (5) Isstina; and (6) Salam. (Memon, 2007, p.4) Conventional banks are reported to operate under the concept â€Å"of lender-borrower relationship where interest is considered as the rental income on capital. The depositors are assumed to be capital providers.† (Memon, 2007, p.4) Bank customers are reported to be divided into three broad categories as follows: (1) religiously motivated customers; (2) high profit customers; and (3) customers who are religiously motivated but also expect returns at least similar to conventional banks. (Memon, 2007, p.6) It is reported as follows in regards to the Islamic ec onomic system: â€Å"Islamic economics is a system, which not only fulfils our moral, ethical, and religious obligations but also demonstrates to be economically feasible and financially rewarding. Islamic banking is based on asset-based transactions for the purpose of income generation, and prohibits financing in all forms of economic activities, which are normally and/or socially injurious to the society.† (Memon, 2007, p.6) Additionally stated is that the Islamic field of Banking operations â€Å"is unlimited. It is under continuous process of evolving and Islamic financial modes instruments have been developed to cover nearly all kinds of businesses including consumer financing, project financing, house financing, working capital financing, import and export financing, venture capital, etc.† (Memon, 2007, p.6) A survey conducted in the United States indicates that U.S. banker perception of Islamic Banking includes that 10 out of 20 Islamic Banking practices are vie wed as acceptable. Those ten include: (1) investment accounts; (2) transfer of funds; (3) cost plus finance; (4) profit and loss; (5) sharing, (6) trust financing, (7) leasing, (8) lease purchase, (9) letters of guarantee, and (10) flexible investment of deposit and role as trustees. (Memon, 2007, p.8) VI. Service Quality in Saudi Arabian Banks The work of Al-Fawzan (2005) entitled â€Å"Assessing Service Quality in a Saudi Bank† states that service quality is defined as â€Å"the degree of alignment between customers’ expectations and their perceptions of the service received.† (Al-Fawzan, 2005, p.1) Al-Fawzan (2005) states that the move to â€Å"†¦managed service has increased demands for outcome-based accountability, cost containment, and attention to customer-focused quality in order to remain competitive in a rapidly changing environment. This dual focus on driving down costs while increasing quality has intensified pressures to understand, measure, and manage quality from a customer perspective.† (p.101) While banking systems are stated to provide services that are the same they are differentiated by the quality of services provided. In addition, today’s customers are â€Å"†¦more aware of the alternatives and their expectations of service have increased. Service quality c an, therefore, be used as a strategic tool to build a distinctive advantage over competitors. Banks are striving for zero defection and retaining every customer that the company can profitably serve in order to achieve service excellence.† (Al-Fawzan, 2005) Zero defections makes a requirement of ongoing efforts for improving service quality. It is reported that while quality â€Å"can not be improved unless it is measured, it can be defined from several perspectives, e.g., the ability to satisfy the needs and expectations of the customer, or the totality of features and characteristics of a product or service that bears on its ability to satisfy given needs.† (Al-Fawzan, 2005) There is a growing acknowledgement of quality importance in banking services although â€Å"its conceptualization and empirical assessment have remained limited.† (Al-Fawzan, 2005) Al-Fawzan (2005) reports that the â€Å"central tenet of the quality paradigm is the importance of understand ing and utilizing customer data to drive operational and strategic decisions, defining quality from the outside-in based on customer information is critical. This shift in defining quality often necessitates a fundamental change in the way professionals, managers, staff, and policy makers think about and identify those who â€Å"buy† or â€Å"use† products and service.† (Al-Fawzan, 2005) Those who use banking services are not generally refers to as ‘customers’ but instead are referred to as ‘client† suggesting â€Å"†¦a passive voice in the service delivery process, which is reflected by professionals in the field who question the credibility of client evaluation of services. On the other hand, customer carries an image of an active participant with more input in determining choices and decisions. Clients of human service organizations who follow directions from professionals and make few demands on the system are labeled as â€Å"cooperative.† In contrast, customers in the business sector who are loyal to the service, interact with the staff, and are willing to show their preferences are viewed as â€Å"desirable customer.† (Al-Fawzan, 2005) Al-Fawzan states that customers have difficulty in the articulation of â€Å"banking service quality† therefore â€Å"the recipient of the service can only really assess it, t hereby making its measurement more subjective than exact. Hence, the measurement of banking service quality has to be based on perceived quality rather than objective quality because services are intangible, heterogeneous and their consumption and production occur simultaneously.† (2005) It is reported that service quality â€Å"†¦ is a measure of how well the service level matches customers’ expectations.† (Al-Fawzan, 2005) It is reported that Parasuraman et al. â€Å"†¦defined service quality as perceived by customers and items from a comparison on their expectations of the services they will receive with their perceptions of the performance of the service provider.† (Al-Fawzan, 2005) The study reported by Al-Fawzan (2005) summarizes the results stated the following findings: (1) the most important dimension determined by Saudi Bank customers is that of ‘assurance dimension’; (2) a service gap exists in service quality provided b y Saudi Banks with the most notable gap being the accessibility dimension; (3) Saudi Bank customers, on average, rated Saudi Banks service quality to be overall good; (4) the expectations of Saudi Banks by customers are â€Å"highest in reliability dimension; (5) 67.8% of SB customers rated the overall service quality as good and very good; (5) SB employees dress nicely and they are polite when talking to customers; (6) SB has exceeded customers’ expectations in performing the service right from the beginning and in instilling the confidence in customers that their transactions are complete and safe.† (Al-Fawzan, 2005) The work of Sohail and Shaikh (2008) entitled â€Å"Internet Banking and Quality of Service: Perspectives from a Developing Nation in the Middle East† reports a study that had as its objective the measurement of the quality of service from the perspective of the customer on internet banking in Saudi Arabia. The study was conducted via a questionnaire survey and an extensive review of literature. Findings in the study report that upon the basis of a factor analysis three factors were found to influence the evaluation of quality of internet banking services by users. Those three factors identified are stated to include: (1) efficiency and security; (2) fulfillment; and (3) responsiveness. (Sohail and Shaikh, 2008) In 2010 Jasimuddin reported in the work entitled â€Å"Saudi Arabian Banks on the Web† reports that commercial transactions via the Internet began in 1995 and that online banking is an application with much promise. However, while many banks in developed countri es have made provision of banking services via the Internet, Saudi Arabia is â€Å"lagging behind.† (Jasimuddin, 2010, p.1) The environment in the Kingdom of Saudi Arabia’s environment is very conducive to Internet banking service provision. Jasimuddin reports that as of 2000 there were 11 banks and 1201 branches operating in Saudi Arabia. As of the middle of 2000, there are 11 banks with 1201 branches operating across Saudi Arabia. Eight banks are reported to have established a web site presence which is a rate of 73% of banks with a web site presence although only two of these offer Internet Banking Services. When the Saudi banks web sites are compared there is not major difference noted in the content of the bank web sites. The contents of the websites are stated to be inclusive of information about the bank, the addresses of branches and ATMs, phone and fax numbers, press releases, newsletters, news about the site and welcome letters, hot links, job opportunities, publications, contact and email, feedback, sitemap, site search, online forms and so forth. (Jasimuddin, 2010, paraphrased) Practically all of the banks provide information relating to customer services that â€Å"incorporate financial market, retail and corporate banking, investment treasury service, telephone and PC banking.† (Jasimuddin, 2010) I t is reported that online banking in Saudi Arabia is still a â€Å"very marginal activity† and that internet is presently being used by Saudi banks primarily for â€Å"brand awareness and promotion.† (Jasimuddin, 2010) Saudi banks will be driven by â€Å"the dynamic and imperatives of e-finance†¦to build web site and to start Internet banking.† (Jasimuddin, 2010) In other words, since this is a banking service that is increasingly familiar customers will be requesting these services from banks in the future in Saudi Arabia. VII. Technology Use in Banking Service Provision It was reported in 2007 that the National Commercial Bank of Saudi Arabia was established in Saudi Arabia prior to any other banks being established. This bank has 300 branches throughout the Kingdom of Saudi Arabia with some branches stated to be â€Å"dedicated exclusively to Islamic Banking Services. The National Commercial bank reports having implemented use of a digital signage system which is reported to make provision of a â€Å"better platform for NCB to better communicate with its employees, educating them about the banks products and services and enhancing the service they provide to their customers.† (Jasimuddin, 2010) Summary of Literature Reviewed It is clear that banks in Saudi Arabia are faced with a diverse customer-base and this makes a requirement of diversification of banking services offered by banks in the Kingdom. While internet banking services provision is somewhat behind the development in the rest of the world, it is certain that Saudi Arabian banking customers will clearly see the benefits to Internet banking and that the push will soon be on for provision of this banking service by Saudi Arabian banks. Internet banking as well as other technological advanced service possibilities are presently being explored by Saudi Arabian banks including such technologies as a digital signage system among others. While the banking sector is quite developed in the Kingdom of Saudi Arabia there does appear to be a general mistrust of Internet banking technology and not just on the part of customers but in the view of the banking industry in Saudi Arabia as well. Recommendations Arising from this study is a recommendation for research to be conducted examining the quality of banking service provision by banks in the Kingdom of Saudi Arabia with a focus on technology use. References Memon, N.A. (2007) Islamic Banking: Present and Future Challenges. Journal of Management and Social Sciences. Vol. 3, No. 1, (Spring 2007) 01-10. Institute of Business and Technology (BIZTEK). Retrieved from: http://www.biztek.edu.pk/downloads/research/jmss_v3_n1/1-islamic%20banking.pdf A Case Study On Globalization and the Role of Institution Building in the Financial Sector Saudi Arabian Monetary Agency. February 2004. Retrieved from: http://www.sama.gov.sa/sites/samaen/OtherReportsLib/SK521-04(CaseStudyonGlobalization-RoleofInstitutionBuildinginSaudiArabia-Final)Dr.Shaukat.pdf Al-Fawzan, MA (2005) Assessing Service Quality in a Saudi Bank. J. King Saud Univ., Vol. 18, Eng. Sci. (1), pp. 101-115, Riyadh (1426H./2005). Sohail, M.S. and Shaikh, N.M. (2008) Internet banking and quality of service: Perspectives from a developing nation in the Middle East. â€Å", Online Information Review, Vol. 32 Iss: 1, pp.58 – 72 Jasimuddin, Sajjad M. (2010) Saudi Arabianu Banks on the Web. Array Development. Retrieved from: http://www.tenso.fr/emarketing/wp-content/uploads/2010/05/Aper%C3%A7u-de-%C2%AB%C2%A0Saudi-Arabian-Banks-on-the-Web%C2%A0%C2%BB.pdf How to cite Banking services in saudi arabia research proposal, Essays

Marilyn Manson Essays (3439 words) - Manson Family, Marilyn Manson

Marilyn Manson Marilyn Manson is a name that has been a thorn in the side of society as a moral and ethical issue for the parents and kids of the generation "X". He is one of the most controversial artists in the world today, one who chooses to express himself in a way that provokes in the most extreme methods possible. His methods are bizarre and shunned by most of society, as it cannot fathom what he is trying to accomplish. However, further research into his life and beliefs will explain that he is sending a very strong message to the world. A message that is firmly protect by the First Amendment in the American Constitution. This freedom has unleashed a number of technical issues, as well as indirect damage done by the people who would interpret his message incorrectly. The First Amendment guarantees freedom of speech, freedom of the press, and freedom of association (assembly). It also protects the rights of citizens to worship as they please and the right not to be forced to support someone else's religion. The First Amendment also provides for the right to assemble and to demand a change in government policies. (Bill of Rights, Encarta 1999 CDROM). Manson uses this freedom fully, getting his message across by any means possible, mainly to the younger generation. These younger generations are more accepting of his attitude and beliefs, partly due to the fact that teens are more susceptible to mass persuasion and are easily confused. This has helped Manson conjure up a large loyal following of disgruntled teens that are called "Mansonites." How Manson gets his message across has been the center of controversy revolving around the US ever since Manson's rise to stardom. His moral, ethical and religious actions have been questioned repeatedly. His ethics may be a representation of how disorientated American society has become in the late 1990s. Alternatively, Manson may simply be showing that the media can be used to manipulate the American mind more easily than their own values at heart. "God is in the TV" (Rock is Dead) Manson screams. Now, how did this man become what he is today? Where did he form his views about life and society, which would ultimately lead to his notorious antics and cause millions of American parents and city council members to want to cancel his concerts, against the First Amendment? ("Politicians Rally against Manson"). Marilyn Manson is the band name and the stage name of lead singer Brian Warner, who formed the band in 1989 and whose apparent business savvy and flair for controversy turned into a success. Using androgyny, satanic images and themes of rebellion and death, Manson irked bystanders and proved that outrageous rock was still a viable form of entertainment. ("Manson: Rock Star") The name Marilyn Manson comes from a pseudonym of Marilyn Monroe and Charles Manson, two opposites of society. (Manson, 85) Ever since Marilyn Manson's release of his album Anti-Christ Superstar, many people have associated and accused him of influencing teen suicide and Satanism, just because he acted, dressed and performed as an individual brought up by society's mistakes. ("Marilyn Manson") It is this kind of media and political attention that Manson has received to become such a big name in controversy in the last decade. It all depends in how one takes his remarks and viewpoints. If no attention were paid to Manson's antics, there would be no controversy; therefore, his entire essence of being the AntiChrist may have been created by society itself. "On moral responsibility: Kids see more from their parents than they would anyone else. They're the ones who should set the example." ("Manson on Manson") This is Manson's criticism of all the parents who would criticize him. Parents are the biggest complainers about Manson, partly because they are of the older generation and partly because they can use Manson as a scapegoat for problems with teenage crime and suicide in the US. "We talked about the kids inside, the tragedy of hopelessness, the blatant rebellion against God and Manson's part in the whole thing." (Benson, It's only Rock N Roll..NOT). This is where the conflicts within the First Amendment come into play. Too many people disagree on everything, however everyone is entitled to their own opinion, of course there are more against Manson than for him which is where extreme actions are taken that are either ridicules or unconstitutional. When college students are fined $250 plus court costs for simply wearing a Manson T-shirt, there are definitely problems. ("Manson Shirt Wearer Fined").