Several businesses have become multinational due to globalization. Consequently, these companies are made to adhere to corporate ethics and responsibility in the foreign territories where they have advanced. The paper discusses New Jersey-based PharmaCARE pharmaceutical company on its global actions with regards to corporate responsibility of its actions in Colberia. The paper analyzes the company's stakeholders and the human rights issues caused by the corporation in its treatment of Colberia's indigenous community. The paper also discusses PharmaCARE's actions in relation to several ethical theories and concludes by comparing PharmaCARE to Nestle, a company that has also had moral and corporate responsibility issues.
PharmaCARE’s Stakeholders
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In the first category of stakeholders are the company employees in both New Jersey and Colberia. In the second category are the governments of U.S. and Colberia, who ensure that the business is operating within the requisite laws including paying taxes. The third group of stakeholders composes of environmentalists and human rights advocates who have an interest in how the company's activities are affecting the environment and humans respectively. In the fourth category are the citizens of New Jersey and Colberia. They are affected by PharmaCARE's actions especially its …show more content…
The workers walk for over five miles in and out of the jungle to harvest plants. The jungle is a hostile place that could be full of wild animals, therefore, endangering the worker’s lives. Moreover, the distance is too long for the workers to be traveling on foot. Furthermore, when full, the baskets the workers carry, weigh up to fifty pounds. That is a hefty weight to be borne by a person on foot. The company's treatment of the Colberian workers goes against Title VII of the Civil Rights Act of 1964 that prohibits discrimination in the workplace on among other grounds, that of national origin (Bateman & Snell, 2010, p.57). When compared to PharmaCARE's CEOs treatment at both the workplace and homes, it is clear that the company discriminates against the Colberian
The concept of discrimination is complex in the case of “The Big One” in this case, corporations in the United States of America such as Nike, Spalding, Microsoft and AT&T are not willing to change their ways of manufacturing their goods in third world countries and American detention centres, and this causes perfectly able bodied employees in the United States to become unemployed as more and more companies apply this measure to make additional profit for themsel...
Deontology theory defines an ethical action as one that adheres to a set of rules and duties. PharmaCARE’s actions are unethical by way of this moral compass because the firm has failed to perform in accordance with one very important duty, the duty to safeguard human dignity and basic human rights. Paying $1 a day to its workers and not providing them with even the most basic of amenities is a gross violation of the firm’s obligation to safeguard human rights, which in itself is a morally required behavior and applicable almost universally. PharmaCARE is not treating the Colberians like the treat their executives, nor are they treating the community there as they treat the communities in the
In the recent years the drug industry underwent a significant transformation. Many of the big companies generate high revenues, which allow them to expand. Some of them expand on their own others through mergers and the buying of smaller companies.
LEADERSHIP BRIEFING PAPER Leadership Briefing Paper After spending your entire working life in one giant corporation that went down overnight; investing most of your retirement in stock options that plummet to zero; you are suddenly jobless and your retirement money is gone. Yet, perhaps even more threatening; our skilled and managerial jobs are steadily going abroad, due to poor corporate ethics. The crisis of poor ethics has jeopardized public trust, caused an erosion of organizational cultures, created human suffering, caused unemployment, and profit losses. Poor ethics
In today’s world, the American still has barriers to overcome in the matter of racial equality. Whether it is being passed over for a promotion at the job or being underpaid, some people have to deal with unfair practice that would prevent someone of color or the opposite sex from having equal opportunity at the job. In 2004, Dukes vs. Wal-Mart Stores Incorporation was a civil rights class-action suite that ruled in favor of the women who worked and did not received promotions, pay and certain job assignments. This proves that some corporations ignore the 1964 Civil Rights Act, which protects workers from discrimination based on sex, race, religion or national origin.
PhRMA was founded in 1958 and its purpose is to "represent America's biopharmaceutical research companies and seek essential alignment between public policy and medical research to address patient needs" (PhRMA). PhRMA accomplishes these goals through the advocacy of public policies, research, and effective regulation of the industry (PhRMA).
Discrimination in the workplace can occur more frequently than many expect in this advanced society. The history of job discrimination in general is vast and covers many different areas. In America, the history of discrimination in the area of employment options is a sobering one that reaches far beneath the surface of what many want to know about our seemingly “fair” society.
Merck was one of the largest pharmaceutical companies in the world. Merck was about to lose patent protection of two of its best selling drugs, which had been a significant part of their $2 billion annual sales. Merck began putting millions of dollars into research (up to $1 billion) and within three years, Merck was able to discover four powerful medications. Profits weren’t all that Merck cared about; Merck’s founder believed that "medicine is for people. It is not for the profits." • He also believed that following the “medicine is for people” philosophy would lead to profits and had yet to fail.• River Blindness is caused by parasitic worms, which can be found in the Middle East, Africa and Latin America.• These places are developing, so many citizens are poor. • The worm larvae can enter the body through fly bites, with some people getting thousands a day. • Worms can cause grotesque growths, but the major problem lies in reproduction when millions of progeny are released in the system. •The resulting itching is so intense the infected have committed suicide. • Eventually, the larvae may cause blindness. • Two existing drugs could kill the parasite, but have serious, potentially fatal, side effects. • The only safe combative measure available was insecticides that eventually lose potency with immunity of the flies. • The average drug takes $200 million in research and 12 years time to produce. • In order for companies to stay in business (and ease human pain), they must make complex decisions about which drugs offer the most promise. • Investing time/money into drugs for rare diseases is risky (because the pool of recipients is small). • There are enough people with river blindness ...
To save or not to save? That is the question. In the hospital setting, many problems arise and it is the duty of the healthcare workers to ensure, aide, and facilitate the patient’s well being to the best of their ability. Though all problems cannot simply be solved with medicine and therapy, it takes a considerate amount of critical thinking as well. What should happen when a problem like making sure a patient stays alive, backfires and the patient actually wants to die? Also, for a person desiring death, it is not considered righteous and we, as humans will deem them as mentally ill. This is where the ethical and moral issues of promoting health and respecting the patient’s right to autonomy are conflicted.
As I pursue my career in the nursing field, there are many safe practices I will incorporate each day to ensure safe medication administration to my patients. Although it may sound intimidating to administer such potent drugs, many methods prove to provide safety while doing so. Moving on, a nurse must always think ethically correct when considering safe medication administration. Lastly, I will discuss various aspects that enhance or impede medication safety and nursing care. In order to keep my patient’s safe, I will need to ensure that I practice safe medication administration.
The delivery of healthcare mandates a lot of difficult decision making for healthcare providers as well as patients. For patients, much of the responsibility is left to them especially when serious health problems occur. This responsibility deals with what treatments could be accepted, what treatments could be continued, and what treatments could be stopped. Overall, it considers what route should be taken in regards to the health interests of the patient. However, there are circumstances in which patients cannot decide for themselves or communicate what they want in terms of their healthcare. This is where the ethical issue concerning who should be responsible for making these important healthcare decisions occur if a patient was to be in this sort of situation. Healthcare providers can play a role in the healthcare decision making as their duty is to act in the best interest of the patient.
Large pharmaceutical industries are making big profits on medications because they charge high prices for profit. These pharmaceutical companies are overcharging for medications that are essential to maintaining the health of patients. Having such a high cost for medication prevents patients from receiving the care that they need. This may result in patients resorting to desperate measure such as stealing and other illegal acts. The pharmaceutical industry need to reevaluate their ethical standards because the way that these companies are going about pricing their drugs is preventing patients from living a health life. These profits come at an expense of people who depend on those medications to maintain a quality of life. It is not ethical
Business ethics are the core fundamentals of a business and are extremely important for organizations smooth and successful operation. It can have either positive impact by operating ethically or negative impact if they are caught up in any unethical situation or dilemma. Ethics has been defined as “study and philosophy of human conduct with an emphasis in determining the right and wrong” (Ferrell et.al, 2010). This case study will analyze Coca Cola for the ethical dilemmas they were involved in Belgium, and how the company responded to the issues.
Many laws have been put into place to make sure corporations act ethically, so they do not harm people or the environment. Corporations have a social responsibility to follow these laws and various other ethical actions; Johnson & Johnson, considered to be one of the most admirable companies according to Fortune, is one company that included their corporate social responsibilities in their code of ethics. Their code of ethics states that executive officers cannot financially benefit from unethical transactions or that their management must be competent and ethical (Code of Business Conduct, 2015). It is important for corporations to act ethically and hold up to their social responsibility, especially within the workplace; ethics are especially
Kidder, R, M., (2010), Center for corporate Ethics, Institute for Global Ethics, retrieved on August 08,2010 from www.globalethics.org/ reserve reading from ethics news line