Evaluating the Facebook Meeting: Silver Springs' Retention Numbers Down
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EthicsCaseStudy: Silver Springs’Facebook Strategy This is afictitiouscompany, createdfor the purposes of this case study. To the best knowledge of the authorat the time the case was written, the company and its products donot exist. Facebook, Inc. is a real company but the specific strategy described in the case study is fictional. Cite as:O’Callaghan, P.C. (2016).Ethics case study: Silver Springs’ Facebook Strategy. Unpublished case study, Business and Management Department, University of Maryland University College. You are thenewmarketing directorfor theSilver SpringsLife Insurance Companybased in Silver Springs, Maryland.Silver Springs,a name trusted by many older Americans,is asuccessfullife insurancecompanywith a 94- year history.It is a public company listed on the New York Stock Exchange. Silver Springs’internal company dataindicatesthatannually100,000termlifepolicyholdersallowtheir policiesto lapse and loselife insurancecoverage.Through customer research and modelingSilver Springs has learned that60% ofthosepolicyholderswho lapseeach yearare betweenages 60-70 andhave one ormore financially dependentchildrenor grandchildrenlivingunder their roof. Sensing an opportunityto win back these policyholdersand attract others like them,Silver Springs has created amorecompetitively pricedinsurancepolicyit would like to pilot with this target group.The product,calledthe Good Provider Policy, was named after thetarget group, which Silver Springs calls “Good Providers.”Across-functionalproductteam has been assembled with the ambitiousinitialgoal ofwinning back50% ofpolicyholdersin the targetgroup. You are the marketing representative to that team; you have been tasked withproducingand placingads to promotethe Good Provider Policytothetargetgroup offormerpolicyholders. Good Providers are known to be highly active on Facebook,soas your firstmajortaskSilver Springshas arranged for youand your teamto have ameeting called apublishing garagewith ad strategists from Facebookto develop a digitaladstrategy forthe target market.You arenow in New York, meeting with the Facebook people.When you arrive Facebookmentions they will be askingSilver Springstoprovide specificcustomer data for the targetgroup to Facebook; this allows Facebook tomatch-up with known Facebook users anddevelopads specifically to appear in thenewsfeedsonlyofthosetargets.The data points suggested for good matching are: email, phone number, first name, last name, ZIP or postal code, city, state, country, date of birth, year of birth, age, and gender. The room is full of advertising strategists and market research analysts.Themeeting is off to a slow start until…aFacebook analystlooks up from her computer and suggests,why notusewhat we learnedfrom theemotionsstudyto motivatethe targets?Emotions study?You look up with confusion, but everyone else nods.
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The analystremindseveryonethatFacebook already knows from a priorresearchstudythat certain newsfeed postswere found tobe effective in influencingusers’ emotions.She suggests, why notseed thetargets’newsfeeds withastream ofpoststhroughout the daydesignedto invoke a mood of insecurity. Examples might include seemingly unrelated stories aboutfamouscelebrities who died between ages60- 70,statisticsabout life-threateningillness and accidents among older people,and storiesaboutadult childrenhaving trouble coping on their own. Facebook wouldthenmix inreassuringads fortheGood Provider Policy. This is your first publishing garage so you are not quite sure how to react. The Facebook strategistsand your teamareall looking at you for your approval.Meanwhile, yourphone buzzesand you excuseyourself;you seeyour boss has texted you, “How’s the Facebook meetinggoing?This quarterretentionnumbers down. We need abigwin.” Case Study Questions What are themarketing objectivesof Silver Springsfor this advertising campaign?Who is the target market?[1 paragraph] Describe all known elements of themarketingstrategyproposed by Facebookfor theSilver Springscampaign.[2paragraphs] What are theethical responsibilitiesofSilver SpringsandFacebook? [3paragraphs] Evaluatetheethicsof theproposedmarketing strategyusingHYPERLINK "http://2012books.lardbucket.org/books/the-legal-environment-and- government-regulation-of-business/s05-03-an-ethical-decision-model.html"Jo sephson’s Core Values model,including all five steps. [3-5 pages] Makerecommendationsfor Silver Springsabout the proposed marketing strategy,based on the ethical analysis.Remember, you are not a disinterested observer; you are the marketing director for Silver Springs! How should theserecommendationsbe communicatedto your boss?How will you respond to your boss’stext?[2-3paragraphs] Resources W2 Readings HYPERLINK "https://www.facebook.com/facebook"Facebook Goel, V. (2014). How Facebook sold you krill oil.New York TimesRetrieved fromHYPERLINK "http://ezproxy.umuc.edu/login?url=http://search.proquest.com.ezproxy.umu c.edu/docview/1550635045?accountid=14580"http://ezproxy.umuc.edu/ login?url=http://search.proquest.com.ezproxy.umuc.edu/docview/ 1550635045?accountid=14580 Hill, K. (2014). Facebook manipulated 689,003 users’ emotions for science. Forbes.com Retrieved fromHYPERLINK "http://ezproxy.umuc.edu/login? url=http://search.ebscohost.com/login.aspx? direct=true&db=bth&AN=96888475&site=eds-live&scope=site"http:// ezproxy.umuc.edu/login?url=http://search.ebscohost.com/login.aspx? direct=true&db=bth&AN=96888475&site=eds-live&scope=site
O’Brien, B. (2016). 9 new and semi-secret Facebook targeting options. Retrieved fromHYPERLINK "http://marketingland.com/9-new-semi-secret- facebook-targeting-options-184810"http://marketingland.com/9-new-semi- secret-facebook-targeting-options-184810 Business Case Studies, Part I (2012).Marketing Prozac[videobeginning at 29: 15], Retrieved fromHYPERLINK "https://www.youtube.com/watch? v=PFYRbPVrQrw"https://www.youtube.com/watch?v=PFYRbPVrQrw Assignment This is an individual assignment worth 30% of the final grade for this course. Analyze this case studyby responding to the case study questionsand presentyour analysis and recommendationsin acase study analysispaper.The factual informationneededwill be found within the case and the resources.Noadditionalresearch, outside the resources,is expected for this assignment.Information on writing a case analysis paper can be foundHYPERLINK "http://www.umb.edu/editor_uploads/images/college_management/Framewor k%20for%20Case%20Analysis.pdf"here. Thesuggested lengths for each section appear in the case study questions above. Suggestedfonts are: Arial Cambria Calibri Times New Roman The font size is 11-12. All factual material must be properly source cited in APA format.A reference list in APA format is required.This is an individual assignment; no collaboration with other students is permitted.Please be aware that the case study paper will be submitted to Turnitin and issues with originality will be forwarded to the Dean’s Office under the Academic Integrity process. Follow this format: Introduction Case Analysis Marketing Objectives Marketing Strategy Ethical Responsibilities Ethical Evaluation Recommendation Conclusion