Ethics and social responsibility are two important aspects of business law. In order for companies to be successful, putting these concepts into practice is a must. From rules, to regulations, to standards, business law incorporates it all. Part of running a successful business involves knowing every detail associated with the law. Along with that comes a social responsibility and ethical performance that is expected by society. The topic covered relates to specific companies that went against these rules and regulations to try and accomplish selfish goals. This information is significant for a businessperson because such examples portray topics that any businessperson may encounter.
Understanding the background of ethics and how it ties to businesses is …show more content…
It is titled “Killer Pharmacy: Inside a Medical Mass Murder Case”, written by Kurt Eichenwald. The article focuses on the pharmacy NECC-New England Compounding Center, and about the illegal acts and horror caused by this business. Their illicit behavior has affected more than eight hundred people who suffered from fungal meningitis, and has also caused sixty-four deaths. Their business of selling these illegal drugs and prescriptions to people and other establishments is causing more and more buyers to suffer from the effects that these drugs are causing. It is unethical because NECC knew that these drugs caused harm to people 's bodies and were still retailing them for a profit. Another issue that was discussed in this article was a wrongdoing on NECC’s part. The pharmacy was only allowed to sell to individuals; not to clinics or in large batches; therefore they were acting as a manufacturer while only being regulated as a pharmacy. Through the process of doing this, NECC was also trying to hide this illegal activity by using fake names in their pharmacy
Understanding the background of ethics and how it ties to businesses is …show more content…
It is titled “Killer Pharmacy: Inside a Medical Mass Murder Case”, written by Kurt Eichenwald. The article focuses on the pharmacy NECC-New England Compounding Center, and about the illegal acts and horror caused by this business. Their illicit behavior has affected more than eight hundred people who suffered from fungal meningitis, and has also caused sixty-four deaths. Their business of selling these illegal drugs and prescriptions to people and other establishments is causing more and more buyers to suffer from the effects that these drugs are causing. It is unethical because NECC knew that these drugs caused harm to people 's bodies and were still retailing them for a profit. Another issue that was discussed in this article was a wrongdoing on NECC’s part. The pharmacy was only allowed to sell to individuals; not to clinics or in large batches; therefore they were acting as a manufacturer while only being regulated as a pharmacy. Through the process of doing this, NECC was also trying to hide this illegal activity by using fake names in their pharmacy