Description
Task: write a report on the following case:
1. Your company manufactures a range of toys aimed at 3 to 7 year olds. Though a large and well-established company, recent sales have shown little growth, and profits, though adequate, are now in decline. You are considering the promotion of a major product which is to be launched for the next Christmas period. Two radically differing advertising strategies have been suggested:
An aggressive sales campaign built around TV advertising aimed directly at children and promoting the product as this year’s fashion. This campaign, along with point-of-sale promotion, will be very costly but should make a big impact and has considerable growth and profit potential.
A more low-key campaign based on the safety and educational value of the product. This is similar to the approach used in previous years.
Write a report addressing the factors and issues to be considered in making a choice between these two approaches. In what ways might ethical concerns have an impact on this decision?
(source: M.R. Harrison, An Introduction to Business and Management Ethics, Palgrave Macmillan, 2005, pp. 288-9)
Your report should present a clear discussion of the relevant issues, showing a clear understanding of relevant ethical theories and concepts. You should address each of the following:
Who are the stakeholders in the decision-making process? x3
What ethical dilemmas are apparent? x2
What information is available and not available to the stakeholders and decision-makers at the time that the decision must be made? x2
What decision making considerations do you need to incorporate in managing your response? x1
You should present clear (although not necessarily unequivocal) conclusions.
