The stakeholders in this scenario is the pharmaceutical company, CompCare, a subsidiary of PharmaCare, Wellco, a large drugstore chain, the employees of the various companies, the African nation of Colberia and the Colberians. PharmaCare company is running a successful business if ethics behavior on all scale is out of the equation. The company are able to find diligence workers in Colberia, who are willing to share information about indigenous cures located in the area. The Colberians are willing to walk five miles into and out the jungles carrying baskets up to 50 pounds. Also, they are willing to work $1.00 a day. Even though, this looks like highway robbery towards the Colberians; PharmaCare company are not forcing the opportunities of labor on them. Many people in the local area is enhancing their quality of life, for little money coming from the company. On the other hand, it is unethical for PharmaCare to help create social problems such as destroying the habitat and endangering the native species through extensive activities and business practices. It is amoral for PharmaCare to take advantage of the Colberia’s low standard of living and economic conditions. Most of the population lives in primitive huts with no electricity or running water. The people are simply trying to earn a living, and the executives are living in luxury with swimming pools, tennis courts and golf course. The question is, where does the line draw? Clearly, some Colberians know these extensive activities in their local area is destroying their habitat and the executives know as well. Allen cannot legally fire Donna, Tom or Ayesha. They are protected under the policy exception of the employee-at-will doctrine. The Director of Operatio... ... middle of paper ... ... due to the low standard of living in Colberia. This situation shows PharmaCare only cares about their profit margin and not practicing the standard of stewardship. Works Cited Global Corporate Forum. (2007). Whistleblowing: Recent Development and Implementation Issues. Issue 5 A Global Corporate Governance Forum Publication Retrieved from http://www.gcgf.org/wps/wcm/connect/d145190048a7e693a757e76060ad5911/GCGF%2BPSO%2Bissue%2B5%2Bscreen.pdf?MOD=AJPERES. Halbert, T. &. (2012). Law & Ethics in the Business Environment. Mason, OH: South Western Cengage Learning. PharmaCare Services. (n.d.). Job Description Standards of Performance. Retrieved from http://www.pharmacareservices.com/PDFs/DirectorofPharmacy.pdf. United States Department of Labor. (n.d.). Building Operations and Management. Retrieved from https://www.osha.gov/SLTC/indoorairquality/building_ops.html.
Brooks, L.J. (2007) Business & Professional Ethics for Directors, Executives & Accountants. Mason, OH: Thomson South-Western.
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
Federal Trade Commission, 1979. Braithwalte, John. The. Corporate Crime in the Pharmaceutical Industry? Boston, MS: Routledge & Kegan Paul, 1984.
Jennings, Marianne M. Business: Its Legal, Ethical, and Global Environment. Mason, Ohio: Cengage Learning, 2008. Print.
Cohen, S., Grace, D. (2010). Business ethics: Canadian edition. Don Mills, Ontario: Oxford University Press.
Royal Pharmaceutical Society of Great Britain. Code of ethics for pharmacists and pharmacy technicians, August 2007.
3Walker, Hugh: Market Power and Price levels in the Ethical Drug Industry; Indiana University Press, 1971, P 25.
In current world the medical practitioners faces a lot of ethical dilemmas. According to ASHP foundation forecast, (2016-2020), the dilemmas are brought by technology advancements and shifting pharmaceutical marketplace dynamics. Thus seems there is the theory that explains tension between population healthcare and personal health care and overpricing of the medicine. This is due to lack transparency during the drug pricing decisions and though the united States have commenced investigations with the intentions to intervene, this problem does not seem to end in the near future. This overpricing may prevent all the patients getting the medicines. Pharmacists are also faced with the problem of reconciling advice and protocols on population-based with those on individual patients. Manufacturers and suppliers bear the responsibility to
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
Pharmacy is a booming field when it comes to medicine, but it certainly has controversial issues such as compounding drugs. While the practice of making drugs customized to a patient seems ethical, there are problems that come along with it. Drug compounding was the norm in the past, but over time consumers began to see issues with it. Drug compounding still occurs to this day because some patients do need medicine specifically tailored to their needs. Compounding has also been the focus of recent disasters, some of which occurred less than two years ago. Whatever side one may take on this issue, it is clear that compounding medicine will be a polarizing issue for years to come.
It is the profits rather than the need of the world that drives the market, as Cahill points out. She laments that while in the 1960-1970 's theologic bioethicists influenced the field of bioethics, nowadays the ethical discourse involving Christian narrative gets" thinner and thinner," shifting away toward more secular and liberal views. As theologians are welcomed to partake in the ethical debates, their voices and opinions are rarely considered in policy making. Such situation causes the current trend amongst health care institutions,medical-surgical companies, and research labs, to focus on financial gain rather than ways to deliver health care to those who needed it the most. It is the consumers with the most "buying power" that have at their disposal the latest medical treatment, equipment, technologies, and medications while millions around the world lack the most basics of needs, such as clean water, food, shelter, education as well as the basic health care. Cahill fears that medical companies seeking profits will neglect or stop altogether to produce medications that are bringing low profits. Medications that are necessary to treat prevalent in the third- world countries or if you prefer the developing countries diseases, such as Dysentery, Cholera, Malaria, Rabies, Typhoid Fever, Yellow Fever, even warms, to name a
.... Arkansas has one of the highest numbers of STLs in the United States. In an effort to recoup the costs of dealing with the meth epidemic, twenty counties in Arkansas filed a suit in a federal district court against Pfizer, Inc., and other companies that make or distribute cold and allergy medications. What is the defendants’ ethical responsibility in this case, and to whom do they owe it? Why? [Ashley County, Arkansas v. Pfizer, Inc., 552 F.3d 659 (8th Cir.2009)]
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
Jennings, M. (2009). Business ethics: Case studies and selected readings (6th ed.). Mason, OH: South-Western Cengage Learning.
Lorna works hard to raise her pharmacy’s profile within Kenora in order to attract new customers. She is constantly scanning the horizon to offer new healthcare services to customers, and implement government compensated services. Lorna’s ongoing challenge is to have her entire team embrace the rapidly changing landscape of pharmacy practise with the confidence to succeed.