Opioid Crisis Ethics: Corporate Accountability & Public Health
Ethical Dilemma: Profit Versus Public Health
The ethical dilemma in this case is between profit versus responsibility. Pharmaceutical companies and consulting firms like McKinsey had to decide whether to keep pushing opioids (which were profitable) or act ethically and protect public health. They chose profit, even when they knew the consequences included addiction, overdose, and death. It is a clear conflict between what is legal or financially beneficial versus what is morally right.
Key Stakeholders
Read MoreKey Elements of Strategic Business and Marketing Planning
Strategic Planning Fundamentals
Defining Mission, Vision, and Values
The Mission declares the overall role of the company in society, its general purpose, and what consumer needs it aims to satisfy. A strong mission statement has four key functions:
- Satisfying customer needs
- Referring to the benefits it will supply
- Referring to the stage in the value-adding process it will complete
- Referring to the competencies it will develop (skills and capabilities they focus on)
The Vision outlines the company’s aspirational
Spanish Literature Post-1975: Transition and Modern Narrative
Literature Post-1975: From Dictatorship to Social Change
The dictator’s death in November 1975 marked the end of his regime and the beginning of a period of social change and politics. Key events include the abolition of censorship and the naming of Juan Carlos I as successor in 1976, following the assassination of Admiral Carrero Blanco in 1973. This period saw weakening signs, divided into two stages:
- 1) The transition to 1982.
- 2) Since 1982 to the present day.
The transition was a rapid and important
Read MoreCorporate Ethics: Shareholder vs. Stakeholder Perspectives
Ethical Business Constituencies
Limitations of Ownership Rights
The traditional economic view of ownership is that it implies control and decision-making power. In the traditional (usually small) business, the owner and the manager were the same person with the same interest – making as much profit as possible. In the modern business corporation, ownership and management are separated. The dispersed shareholders are the owners. But these owners are, for the most part, naturally limited in how much
Read MorePlanet’s Sustainable Management: Models and Indicators
The Sustainable Management of the Planet: It is necessary to civilize humanity in its relationship with nature. Our future depends on the decisions we make.
Development Model
This model is characterized by the belief that the planet’s resources are unlimited. It does not consider the environment as part of its conception, viewing nature as something to be subject entirely to man. This development thinking has been, and still is, widely used worldwide.
Conservation Model
This model emerged from the limits
Read MoreMarketing Foundations: Definitions, Strategies, and Consumer Insights
Defining Customer Value
Value is defined as the relationship of benefits to costs, representing what the consumer gets for what they give.
The 4 P’s of Marketing Mix
Define each of the 4 P’s of marketing (the marketing mix) and provide an example of each:
- Product: Creating value (goods vs. services). Example: A smartphone (good) or a haircut (service).
- Price: Capturing value (money, time, and energy). Example: Setting a competitive price for a new software subscription.
- Place: Delivering the value proposition.