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Ethics and Corporate Responsibility in the Workplace and the World - Assignment Example

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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…
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Ethics and Corporate Responsibility in the Workplace and the World
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Ethics and Corporate Responsibility in the Workplace and the World

Download file to see previous pages... 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. ...Download file to see next pagesRead More
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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.
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