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

Process of ambiguity - profit maximisation criterion, Process of Ambiguity ...

Process of Ambiguity - profit maximisation criterion One practical difficulty with profit maximisation criterion for financial decision making is that term-profit is a vagu

Determine the wealth maximisation decision criterion, Wealth Maximisation D...

Wealth Maximisation Decision Criterion This is also called as value maximisation or net present worth maximisation. Presently academic literature value maximisation is almost u

Venture capitalist, Venture capitalist is an organization in the practice o...

Venture capitalist is an organization in the practice of providing capital to fledgling organization with high growth potential in exchange for equity stakes and/or management cont

Dividends paper, one page paper reviewing "the Morgan Stanley Oil and Gas R...

one page paper reviewing "the Morgan Stanley Oil and Gas Report"

What are retained earnings, What are retained earnings?  Why are they impor...

What are retained earnings?  Why are they important? Retained earnings denote the sum of all the earnings obtainable to common stockholders of a business throughout its whole h

return on equity, Lee Sun's has sales of $6,000, total assets of $5,000, a...

Lee Sun's has sales of $6,000, total assets of $5,000, and a profit margin of 10 percent. The firm has a total debt ratio of 40 percent. What is the return on equity?

Lease, Lease A lease is a contractual arrangement allowing one party th...

Lease A lease is a contractual arrangement allowing one party the use of some exact assets for a specific times period in exchange for a payment it is same as a rental arrangem

Compounding or future value concept, Compounding or Future Value Concept: -...

Compounding or Future Value Concept: - Under this process of compounding the future worth of all cash inflows at the end of the time horizon at a particular rate of interest are fo

Explain arr and payback, ARR AND PAYBACK (a) Accounting rate of retur...

ARR AND PAYBACK (a) Accounting rate of return (ARR) is a computation of the return on an investment where the annual profit prior to interest and tax is expressed as a percen

Advantages to a company from having a robust health, Z works for HS Company...

Z works for HS Company and has been asked to undertake an assessment of any health and safety issues that might be potential hazards in the department which she manages. Z's respon

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