What is simply offensive and what is humour, Financial Management

Assignment Help:

a) Ethics can be a rather prejudiced matter; whether it is ethical to market products directly at children depends on several factors:

  • The age of the children being targeted (younger children are more susceptible so it may be considered less ethical if marketing is directed at them)
  • People's perceptions of what is wrong or right
  • The type of product(s) being marketed at children - e.g. educational toys. and textbooks or mobile phones and fast food?
  • The type of marketing/selling techniques being used - e.g. hard-selling and bait-and-switch aimed at children would probably be considered unethical by most people

Arguments beside marketing products directly at children:

  • Are children able to sort out so much advertising clutter?
  • Social and Peer pressures to conform
  • Children (especially the very young) are vulnerable and are easily manipulated / influenced by what they see and hear
  • Pester power techniques can be a source of tension between family members

Other issues:

  • Award up to 2 marks for suitable definition of Pester Power. Directly targeting children would be considered immoral if marketing techniques take advantage of parents and/ or their children
  • Marketing at children does not have to be offensive, aggressive, unethical or distasteful
  • Children today tend to have more power and autonomy in decision making
  • The bottom line - parents have the conclude say and, in theory, should be able to make rational decisions in the best interest of their children

b) The likely outcomes are likely to be either negative or positive:

Negative outcomes

Positive outcomes

  • Punishments for breaking consumer protection laws

 

  • Reverse psychology to attract people to buy (Yorkie bar example in the case study)

 

  • Upsetting the general public (e.g. Thierry & Guy's Fat Bastard brand of wines)

 

  • Viral marketing / Word of mouth (e.g. the rebranding of FCUK worked well for the organisation)

 

  • Damaging the corporate brand image (which could be irrevocable)

 

  • Brand awareness - shock tactics can bring publicity and draw attention to a firm and/or its products

 

  • Boycotting of a firm that causes offense to the public

 

  • Can be memorable and humorous even if (slightly) offensive

 

Issues to consider could include the following:

  • What is simply offensive and what is humour?
  • Overly offensive adverts are likely to be banned and this therefore could represent unproductive use of money to the business
  • Knowledge of shock strategy often spread fast, e.g. viral marketing on the internet
  • Award marks for suitable use of real world examples

Whether the outcome is likely to be negative or positive is not always clear. Shock tactics are often a gamble and therefore represent a risky strategy due to their random outcome.


Related Discussions:- What is simply offensive and what is humour

Operational cycle, discuss the applicability of the operational cycle in ve...

discuss the applicability of the operational cycle in vegetable growing business in uganda

Valuing a putable bond using binomial model, In a putable bond, the b...

In a putable bond, the bondholder has the right to force the issuer to pay off the bond prior to the maturity date. Let us consider the previous example with the

List the benefits of the flexible exchange rate regime, List the benefits o...

List the benefits of the flexible exchange rate regime. Answer:  The benefits of the flexible exchange rate system include: a) Automatic attainment of balance of payments eq

Working of australian securities and investment commission, Working of ASIC...

Working of ASIC ASIC as an independent government body enforces and regulates company and financial services laws to protect consumers, investors and creditors. It keeps the pu

Explain about pay back method, Q. Explain about Pay Back Method? Pay Ba...

Q. Explain about Pay Back Method? Pay Back Method (PB) :- The payback process is the simplest method. This method computed the number of years required to pay back the original

Valuation and exit - hedge fund, Valuation and Exit Valuation: The Net ...

Valuation and Exit Valuation: The Net Asset Value is used as a base for ascertaining the prices applicable to investor subscriptions and redemptions. Fund administrator perform

Explain about types of costs, Q. Explain about Types of costs? Thus two...

Q. Explain about Types of costs? Thus two types of costs are involved in keeping cash balance in a business- (i) Opportunity Cost (ii) Transaction Cost When cash balan

Spot transaction hedge/Money market hedge, There are three parts to this qu...

There are three parts to this question. Please answer all parts. The Chicken Company, a company with headquarters in Switzerland, has a receivable of one million euro, which it wil

Downside risk of convertible bonds, When the underlying stock becomes...

When the underlying stock becomes worthless, the percentage price declines the investors experience is given by, Percentage of Downside Risk=

Floor Brokers, Floor Brokers These people have the responsibility of ex...

Floor Brokers These people have the responsibility of executing the trades forwarded by the FCMs on the floor of the exchange. They can also trade for their own account. They w

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd