Decisions:
For a quick recap on the potential business ethics and regulatory issues facing SOBI in this venture to expand their business, the issues were strict ethical guidelines on sales and stringent regulations placed out by the FDA. When it comes to these two distinct hurdles SOBI most definitely has plans in place. Let 's us take a look at each hurdle.
Business ethical guidelines on sales:
The strict guidelines on sales has been defined as on sales. "The Pharmaceutical Research and Manufacturers of America, issued a set of guidelines for its member companies to follow when it comes to the relationship between drug reps and doctors. The voluntary code significantly changed how drug company representatives interact with doctors. Changes …show more content…
SOBI talks extensively about their corporate culture, the company states , "through collaboration, responsibility, respect and commitment, patients are always at the forefront of everything we do" (SOBI.com). With this corporate culture statement comes a company who is involved in the community, especially when it comes to helping those battle with hemophilia. SOBI donates over 15 million of lifesaving medicines every year. They also participate in an effort called, "Close the Gap." This effort “Close the Gap”, allowing people with hemophilia to stand a real chance of receiving access to treatment, no matter where they live" …show more content…
Again, this was another opportunity for SOBI to come out on top. Since SOBI has such a strong committee and commitment to following FDA guidelines, that the stakeholders are pretty sheltered from the restrictions placed by the FDA. Of course thought, FDA laws are constantly changing and SOBI must continue to remain vigilant.
Impact
Community
As stated above SOBI has a very dedicated community service program. They have their "Close the Gap" program and countless other events in the community. This "Close the Gap" program is a direct best practice in CSR, especially when we talk about volunteering. SOBI donates humanitarian aid donation, in this "Close the Gap" program.
Not only is humanitarian aid a component of the CSR that SOBI follows, but they also have a strong environmental program as well. SOBI makes sure to follow a strict EHS policy where environmental regulations are followed and they are dedicated to reducing their carbon footprint.
Global Environment
A company like SOBI is in the forefront when it comes to the global environment. The company reaches out to countries all over the world. When it comes to business ethics and regulatory issues worldwide it is best for a company like SOBI to hold the several key attributes said forth by Servant Leadership Research Roundtable (Weiss.
For a quick recap on the potential business ethics and regulatory issues facing SOBI in this venture to expand their business, the issues were strict ethical guidelines on sales and stringent regulations placed out by the FDA. When it comes to these two distinct hurdles SOBI most definitely has plans in place. Let 's us take a look at each hurdle.
Business ethical guidelines on sales:
The strict guidelines on sales has been defined as on sales. "The Pharmaceutical Research and Manufacturers of America, issued a set of guidelines for its member companies to follow when it comes to the relationship between drug reps and doctors. The voluntary code significantly changed how drug company representatives interact with doctors. Changes …show more content…
SOBI talks extensively about their corporate culture, the company states , "through collaboration, responsibility, respect and commitment, patients are always at the forefront of everything we do" (SOBI.com). With this corporate culture statement comes a company who is involved in the community, especially when it comes to helping those battle with hemophilia. SOBI donates over 15 million of lifesaving medicines every year. They also participate in an effort called, "Close the Gap." This effort “Close the Gap”, allowing people with hemophilia to stand a real chance of receiving access to treatment, no matter where they live" …show more content…
Again, this was another opportunity for SOBI to come out on top. Since SOBI has such a strong committee and commitment to following FDA guidelines, that the stakeholders are pretty sheltered from the restrictions placed by the FDA. Of course thought, FDA laws are constantly changing and SOBI must continue to remain vigilant.
Impact
Community
As stated above SOBI has a very dedicated community service program. They have their "Close the Gap" program and countless other events in the community. This "Close the Gap" program is a direct best practice in CSR, especially when we talk about volunteering. SOBI donates humanitarian aid donation, in this "Close the Gap" program.
Not only is humanitarian aid a component of the CSR that SOBI follows, but they also have a strong environmental program as well. SOBI makes sure to follow a strict EHS policy where environmental regulations are followed and they are dedicated to reducing their carbon footprint.
Global Environment
A company like SOBI is in the forefront when it comes to the global environment. The company reaches out to countries all over the world. When it comes to business ethics and regulatory issues worldwide it is best for a company like SOBI to hold the several key attributes said forth by Servant Leadership Research Roundtable (Weiss.