Pros And Cons Of The Tonight Show Business

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"The Tonight Show" starring Jimmy Fallon, is a popular and successful TV show as well as a business. Part of why it is a successful business is because it practices good business principles that attract writing entrepreneurs to its staff. They offer securities for the job, but also comes with restrictions from the Federal Communications Commission (FCC) on what they can and cannot write. This is an example of the legal environment of a business. Also, these writers are paid a regular salary. Which is a steady and safe source of income as long as they do their job. But this can have its cons because whether they came up with a genius skit or make a coffee run for the boss they get paid the same. This shows that some entrepreneurs are willing to give up the higher reward that could be obtained by a job with higher risk, in order to …show more content…
New technology has made it cheaper to produce, advertise, and stream the TV show which has made it a more efficient and productive business. By reducing their cost to do business, they can ensure a profit as long as revenue stays at least constant or above the quota. Technological advances have also made it possible for the business to go global and practice ecommerce. By connecting via internet, "The Tonight Show" has been able to stream its TV show to other countries. This boosts its sales and range along with the businesses reputation. Which is important in order to maintain a strong branded business. This business succeeding is very profitable to not only its entrepreneurs but its stakeholders as well. The profit that is gained from the business is taxed by the government in order to help provide public services in the community and help keep the environment clean. "The Tonight Show" also has the business repercussions of boosting the nation's economy and improving the standard of
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