This essay tells about PharmaCARE Company, that is one of the leading world pharmaceutical companies, that enjoys an honest name of a caring and well-run company and that act ethically toward its stakeholders. It provides with the high-quality products and saves people’s lives increasing its quality…
This essay discusses that PharmaCARE Company misuses the U.S. law to protect its own intellectual property at the same time assimilating Colberian people intellectual property. It has broken a number of laws and at the same time launching We CARE about YOUR world initiative, the main role of which is to protect and save the environment using a change of packaging and recycling. In addition, the Company will position itself as the one that used Colberians data for free. Similar unethical business practice is traced through the case with GlaxoSmithKline, which is one of the top global vaccine manufacturers. The company was fined up to eighty-eight thousand dollars for conducting the illegal lab vaccine trials between 2007 and 2008, which caused the death of fourteen babies. Such unethical behavior and absence of procedural standards discovered the vaccine scandal in the developed world. Such fine was realized as the largest ever and in health care, it became the largest fraud in the history of U.S.Such unethical behavior of the healthcare establishments brings discredit to the system in general, where people cannot be safe purchasing medications or addressing their concerns to the medical institutions. The more severe legislation would allow companies to think over their actions toward all the parties that are involved in the process. Moreover, good and bad cases would allow people and companies to come to right conclusions and learn by previous experience to avoid same mistakes in the future. ...
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The opening of the study consists of the background information about ethics in business and management, sustainability principles and the ethical theories that promoted to have a deeper learning about it. The report continued with the analysis of ethical foundation and ethical violation of wal-mart and finished with possible ethical strategies for wal-mart.
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According to the report ethics has been a large area of discussion. Scholars around the world are spending ample amount of time towards the research of this subject. Ethics is a part of our everyday life. Ethics can be defined as the science which judges the behavior of human beings living in societies. The judgment is on the basis of what is right or wrong.
The term in the simplest form had become important commercially in the 1960s; however, the history would vary according to the manner in which the term is conceived by different individuals. It also depends on the researcher who is studying the history of business ethics, his predefined perceptions and the relative significance attached by the historian to the facts unfolded; on how the history is portrayed to the rest of the world (George, 2012).
The stakeholders in this scenario include PharmaCARE board of directors, the PharmaCARE Chief Executive Officer, its subsidiary in Africa; CompCARE and its employees. Others include the government agencies i.e. Occupational Safety and Health Administration (OSHA) that is responsible for the environmental conservation and regulating the pharmaceutical and manufacturing industry.
becoming highly competitive as several public and private healthcare organizations are trying to develop and implement unique business operation strategies into the business processes. Red Line Hospital is an UK based private hospital operating with 200 beds.
However, in a flat organisational structure, other employees are given an opportunity to take part in decision-making (Guest & Woodrow, 2012). Decisions within an organisation are made on a daily basis as part of improving the
This is because a good leader is versatile and will surely make a good professional educator as well. Leadership, therefore, will automatically raise the moral consciousness and responsibility within an individual.
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