Abstract
PharmaCARE is one of the world’s most successful pharmaceutical companies that produces high-quality products that save millions of lives and enhance the quality of life for millions of others. The purpose of this paper is to examine who are the stakeholders of PharmaCare and their characteristics, human rights issues of the firm, PharmaCare’s environmental initiative and it shows also the analysis of the firm’s activity from various ethical perspectives. It also includes the comparison of the of real world company with PharmaCare case.
Introduction
Who are the stakeholders?
Stakeholders are the individuals, groups, or other organizations that are affected by and also affect a given business’s or organization’s decisions and actions …show more content…
An example of key stakeholders might be directors, funders, elected or appointed government officials, heads of businesses, or clergy, and other community figures who wield a significant amount of influence.
Stakeholders within the PharmaCARE scenario
In the case of PharamCARE, based on the group division of stakeholders mentioned above, following will be the determination of who can be primary, secondary and key stakeholders of PharmaCARE:
• Primary stakeholders: those who has a direct impact on the operation of PharamCARE such us shareholders or investors who are investing, employees including the Colberians working for the company, the several healers, managers, supervisors, accountants, pharmacists, doctors or physicians, customers includes patients related to Medicaid and Medicare, the low-income consumers, beneficiaries of the PharmaCare foundation, vendors can be suppliers and distributors.
• Secondary stakeholders: those who have an indirect impact on the operation of PharmaCARE such as the local communities in Colberia, the media, the state government in New Jersey, the government of …show more content…
On this theory, the primary focus is on the well-being of the whole person (Kurtz and Burr, 2009). As employees are base and strength of the firm also are the main key stakeholders of a firm, the primary mission of any firm should be to enhance employee’s well-being but this is not true for PharmaCare. The wage unfairness for the Colberians comparing to what they are doing, the long distance walks of the Colberians for harvesting plants, the heaviness of the basket to be carried after harvesting is done, all these indicates that PharamCare doesn’t give care or prioritize the well-being of its employees and based on the theory of ethics of care, the firm is unethical.
On my own moral/ethical compass, ParamaCare practices unethical. As the firm is one the worlds most successful pharmaceutical companies, I expect the firm to be more ethical in each of its activities. Looking at the various courses of actions of the PharmaCare, such as unfair wage payment for employees, unsafe and unhealthy working environment, the negligence for the problem of destroying habitat and endangered native species and not making an effort to upgrade the standard of the Colberians, all these made me determine that the firm is
PharmaCARE is one of the world’s most successful pharmaceutical companies that produces high-quality products that save millions of lives and enhance the quality of life for millions of others. The purpose of this paper is to examine who are the stakeholders of PharmaCare and their characteristics, human rights issues of the firm, PharmaCare’s environmental initiative and it shows also the analysis of the firm’s activity from various ethical perspectives. It also includes the comparison of the of real world company with PharmaCare case.
Introduction
Who are the stakeholders?
Stakeholders are the individuals, groups, or other organizations that are affected by and also affect a given business’s or organization’s decisions and actions …show more content…
An example of key stakeholders might be directors, funders, elected or appointed government officials, heads of businesses, or clergy, and other community figures who wield a significant amount of influence.
Stakeholders within the PharmaCARE scenario
In the case of PharamCARE, based on the group division of stakeholders mentioned above, following will be the determination of who can be primary, secondary and key stakeholders of PharmaCARE:
• Primary stakeholders: those who has a direct impact on the operation of PharamCARE such us shareholders or investors who are investing, employees including the Colberians working for the company, the several healers, managers, supervisors, accountants, pharmacists, doctors or physicians, customers includes patients related to Medicaid and Medicare, the low-income consumers, beneficiaries of the PharmaCare foundation, vendors can be suppliers and distributors.
• Secondary stakeholders: those who have an indirect impact on the operation of PharmaCARE such as the local communities in Colberia, the media, the state government in New Jersey, the government of …show more content…
On this theory, the primary focus is on the well-being of the whole person (Kurtz and Burr, 2009). As employees are base and strength of the firm also are the main key stakeholders of a firm, the primary mission of any firm should be to enhance employee’s well-being but this is not true for PharmaCare. The wage unfairness for the Colberians comparing to what they are doing, the long distance walks of the Colberians for harvesting plants, the heaviness of the basket to be carried after harvesting is done, all these indicates that PharamCare doesn’t give care or prioritize the well-being of its employees and based on the theory of ethics of care, the firm is unethical.
On my own moral/ethical compass, ParamaCare practices unethical. As the firm is one the worlds most successful pharmaceutical companies, I expect the firm to be more ethical in each of its activities. Looking at the various courses of actions of the PharmaCare, such as unfair wage payment for employees, unsafe and unhealthy working environment, the negligence for the problem of destroying habitat and endangered native species and not making an effort to upgrade the standard of the Colberians, all these made me determine that the firm is