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

Global equity indexes, Global Equity Indexes: As described earlier in t...

Global Equity Indexes: As described earlier in this chapter, there are several stock market indexes available which depict the performance of particular sectors and a country a

Evaluate cost of preference share capital, Q. Evaluate Cost of Preference S...

Q. Evaluate Cost of Preference Share Capital? Cost of Preference Share Capital: - A fixed rate of dividend is to be paid on preference shares. However unlike debt the dividend

Role of Trustee in Pension Fund, Role of Trustee in Pension Fund: Trust...

Role of Trustee in Pension Fund: Trustees are people in control of long-term asset allocation of a pension scheme. Whatever benchmark they set will, as we shall see, influence

Calculating investment statistics and graphing output, Step 1) Opportunity ...

Step 1) Opportunity Set Graph:Combine 2 of your stocks (Ignore the other 2 stocksfor this step only).  Construct an investment opportunity set (the curved set) between the two risk

Assignment, Imagine you have been allocated $100,000 which is to be investe...

Imagine you have been allocated $100,000 which is to be invested in 8 companies listed on the Australian Stock Exchange (ASX). You are required to have a balanced portfolio betwee

Costs affect the capital budgeting decision-making process, How do opportun...

How do opportunity costs affect the capital budgeting decision-making process? Opportunity costs reflect the foregone advantages of the alternative not chosen when a capital bu

Obtain the break even rate, Question 1 (a) These are merely the diffe...

Question 1 (a) These are merely the differences of the two prices. Consequently the mark to market losses are given by { Q 1 - Q 0 ,Q 2 - Q 0 ,Q 3 - Q 0

Explain the compound interest, What is compound interest? Compare compound ...

What is compound interest? Compare compound interest to discounting. Compound interest takes place while interest is earned on interest and on the original principal of an invest

Partition of investment risk, Partition of Investment Risk The expecte...

Partition of Investment Risk The expected returns and the fluctuation in returns are two factors in evaluating investments. Expected Returns While the actual returns

Why iceq go beyond icq, ICEQ'sgo beyond ICQ's Discover whether erro...

ICEQ'sgo beyond ICQ's Discover whether error or fraud is possible. Concentrates on significant frauds or errors which might be possible and so only a handful of key con

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