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    Advertising Ethics and Global Business

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    Can you please help me with these questions. The response must be in one decent paragraph each. Thanks for your help.

    1. Describe the concept of "truth in advertising".

    2. Should there be any special ethical review considerations given to social media and online advertisements? Why or why not?

    3. What advertising approaches (radio, internet, magazines, TV, other?) should you take with Generation Y audience? Support your answer with examples of effective ads.

    4. Many would support the position that the less the government interferes with business, the better the outcome come for all involved. Correspondingly, businesses must be willing to act ethically and responsibly. Has the time passed for a need to have anti-trust regulation? Discuss an example pro or con about the impact of anti-trust regulations in recent years on business in the U.S.

    5. What is globalization? Why has globalization become such an important issue over the last ten years? Evaluate the future of international trade in the next ten years. How will globalization change financial management in the years ahead? What do you think will be the continuing issues and why? Which countries do you think will be the key players? What role will the U.S. play?

    6. Research an organization that has acted ethically in a given situation. Post a short summary of the situation and the outcome as well as your reaction to it. What did the organization do right? How can other organizations learn from this example?

    7. Identify and research a business ethics issue that has occurred in a corporation/community based outside of the United States. Summarize the facts of the issue and the resolution, if there was one. Compare and contrast the issue and the handling of the issue with ethical practices in the U.S. How would the outcome have been different if it happened in the U.S.? Is there something the business world in the U.S. can learn from the way the issue was handled?

    8. An old saying is that "when in Rome, do as the Romans do." Do you agree that when doing business in China, one ought to operate according to Chinese laws?

    9. Research a recent antitrust/regulatory case in the U.S. or abroad and post a summary of it (2 paragraphs). (Please do not research one that is set out as a Case Study in our text.) Analyze the actions taken. Overall, how well do you think the current regulatory system worked in this case? What could have been done differently, if anything?

    The following are set out as Case Study in our text so please do not use any of these for question 9:
    Enron, WorldCom, AT&T & T Mobile, The Nonmarket Environment of Google, Personal Watercraft, aka Jet Skis case, Pizza Hut and Health Insurance Reform, Gulf Still Grapples With Massive BP Oil Leak, Mattel: Crisis Management or Management Crisis.

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    Solution Preview

    Here is information. It was alot of work.

    1. Describe the concept of "truth in advertising".

    According to the Federal Trade Commission, an ad "must be truthful, not misleading, and when appropriate backed by scientific evidence" (FTC, 2013). This means that companies must be honest in their claims, avoiding claims that may cause consumers to make judgments based on questionable information. Ultimately, truth in advertising, however, is much more than a law. While truth in advertising serves to protect consumers from fraud and deception, it also protects the company in many ways: by stating reliable, up front information about products to customers they are more likely to understand the product and be pleased with the actual results. This promotes repeat sales and satisfied customers, which helps enable a business to remain in the market. Making false claims is bad for consumers and bad for business. It is interesting to note that the FTC's mission is, "to prevent business practices that are anticompetitive, deceptive, or unfair to consumers" (FTC, 2013). This is ultimately what truth in advertising helps prevent, as well. Giving consumers reliable information through advertising claims is helpful to all.

    FTC. (2013). FTC Resources for Reporters. Retrieved from http://www.ftc.gov/opa/reporter/advertising/

    2. Should there be any special ethical review considerations given to social media and online advertisements? Why or why not?

    I do not think that the government should necessarily be involved in any special ethical review considerations for social media and online advertisements, however, it does seem reasonable for each company to review their own stance and procedures prior to releasing social media and online advertisements. This is important since each of Tweet, Facebook posting or blog entry is ultimately representations of the company. Companies should be fanatical in managing their brand and corporate image. There should be a corporate understanding of appropriate content, as well as a review procedure to ensure that all content aligned with the brand and corporate image that is desired. By operating in this manner, companies will more likely release higher quality information and material to customers, and thus be better off in the long run. Relying on the government or a national code of ethics should not be necessary if companies are taking these precautions and self-policing their own activities.

    3. What advertising approaches (radio, internet, magazines, TV, other?) should you take with Generation Y audience? Support your answer with examples of effective ads.
    Generation Y, or the Millennial Generation, were born between the time period of 177 and 1994 (Williams & Page, 2010). Since they have been surrounded by media their entire lives this generation is quite comfortable receiving advertising messages electronically. Integrated marketing is important, combining brand sponsorships on television (think of Coca Cola on American Idol), that is then supported with social media (recently Carly Rae Jepson performed a song on the show crowdsourced from Coca Cola's "Perfect Harmony" social media program) then it is a winning ad campaign. Another successful campaign has been the Axe commercials, supported through YouTube, on the television and in print. It creates conversation about the brand, thus increasing sales. Another effective campaign that has been targeted at Generation Y has been the Spartan Mud Races. Advertisements for these events can be found on body building sites, blogs offer training advice (and coupons for discounts on entry fees), and there are YouTube videos featuring training advice and actual races. In addition, advertisements are run in Sports Illustrated and Men's Health and Runner's World in both print and online versions. Again, the company is working on combining its message in a variety of mediums to add integrity as well as impact to the message. This generation tends to get its news online, watches television online, and interacts with friends online. The more an advertiser can connect through the Internet, be it ...

    Solution Summary

    This detailed solution discusses truth in advertising, ethical review considerations, best advertising approaches for Generation Y, anti-trust legislation, globalization, and business ethics in global situations. Includes examples and APA formatted references.