Review on The Economist by Praise Olagbadun
Been In Existence Since 1843 Till Now: Economist
IInformation happens to be a vital decisive factor. This is because the type or form of information one receive determines the mindset he or she goes around with. This is why "Fake News" usually have a great effect in the community. Today, I would be reviewing an information giving company. This company happens to have surprised me alot with their numerous enticing features, most of which I know about and would be discussing in details on this review.
Starting with the name of the company: The Economist. It is a publication company that is well known for its weekly magazine. The History of this company is something worth mentioning and that's where I would be starting from in this review.
The Economist History dates back to as long as the year 1843, September precisely, when a British businessman and banker, known by the name James Wilson thought of starting up an informing company majorly for the purpose of abolishing the "British Corn Laws". This was what he found as the most sensitive things happens as at that time and thought keeping people informed about it would be the best thing. As of now, the Economist doesn't only focus on the "British Corn Laws" but has expanded to current affairs, international business, politics, and technology. This happens to be a major improvement to the company.
The next subject would be on the improvements this company has been able to make, their achievements and reasons why I find them quite competent enough. This is because I believe people tend to use a specific product because they feel it is competent enough. The first one I would be talking about is their age. The fact that the Economist has been existing since the year 1843 makes them competent enough. This is because it isn't possible for an incompetent company to be existing for over a hundred years now. They have been able to scale through the bad and good sides of the industry they find themselves in and have been able to come out successful. This leaves them with a Wealth of experience. Another feature that got me really interested in this company is the fact that the company has been able to expand. As of the year 1843 when they started, they had their office location in London only (I'm quite sure you must have discovered this as they started solely to keep people informed about the "British Corn Laws"). But today, they have been able to make other branches available in big places like New York and Francisco. They also have branches in major cities located in Continents like Europe, Asia, and the Middle East. This expansion happens to be due to major improvements that can be seen.
The Economist seems to be a very good and informative Magazine producing company but, nevertheless, it is very hard to find a company or an institution without a negative side. That's why advantages usually come with disadvantages. Over the course of checking out this Project, I discovered a problem the company has and I guess should be worked on. This problem is the fact that the company hardly brings out latest news. I don't really know why they do that but I feel it shouldn't be done that way. Most times, the company brings the news when they are no longer fresh. Another thing I love about them is the fact that most of their news covers Finance and Economics. This is somehow proven by its name though. This would make people interested in Finance and Economics have interest in the Economist. The fact that all the news they provide or make available are nothing but facts makes me more than interested in the company. This is because handling information is a very Fragile thing to do, thereby it requires anyhow handling it to handle it with care.
Pros
- The Economist happens to have been in existence for close to two hundred years as it started operations in the year 1843
- The company is known for giving authentic information
- They focus on Finance and Economics related information, a category that has many people's interest
- They have been able to expand, a prove of improvements
Cons
- The only problem I have with the company is the fact that they don't provide information when it's still new. It's not much of a problem though
