Who Are The Stakeholders At Pfizer

Improved Essays
The main concern of the stakeholder in Pfizer is maintaining the value of the company, helping the core value of the company to increase access of healthcare facilities and to invest the most in developing basic health need to the people and most importantly perform like a normal citizen and do not pose to de-value the corporate image in the outer world. The main concern for Pfizer for its stakeholder lies in the true spirit of financing the company in difficult times like in the issue of Lipitor, when sales were down and investment was needed to boost the sales through marketing and delivery. The new buyback machines are of great demand and the stock is in hand of Pfizer, and to give investors a chance to multiply their assets; Pfizer is selling …show more content…
2014). Marks and Spencer also connects through the significant line of a moral agent as the company is always performing to commit in the better interest of the values, quality, customer trust and services provided. It is also examined that the trust can be attained from the different aspects of people involved in the ethical and value maintained periods in the company and for the fact that Marks and Spencer has been …show more content…
It is also important that companies like M&S should continue working with the corporate social responsibility to maintain ethical standards in their own facility (Redman and Wilkinson 2001). Marks and Spencer also provide activities to maintain corporations between the suppliers, customers and local communities for the development of behavioural integrity and to keep the business momentum moving in a positive manner. The company also tries to maintain the ethical standards within the stakeholders and also maintain honesty between the partners and management (Sheehan 2005). The ethical code clearly defines the policies and procedures of the company that is supported by behaviour (Sheehan

Related Documents

  • Superior Essays

    main aim of a business is to make profit. Finance is the lifeblood of a business and therefore, for a business to survive, it must generate profit. In order to make profit, a business must sell more and more, in other words, bigger sales. For bigger sales to be realized, a business must properly market its products to both existing and prospective customers. In its bid to market its products, a business is faced with one big challenge: to remain ethical at all times.…

    • 832 Words
    • 4 Pages
    Superior Essays
  • Superior Essays

    Footlocker Code Of Ethics

    • 970 Words
    • 4 Pages

    The company that I have decided to discuss is footlocker. Footlocker is an established company known for their wide variety of trainers. The company was introduced in 1974 and it was founded in 1988 as a separate business, known as the Woolworth Company. The company is a global business owned by Ken C.Hicks. Footlocker is a public limited company so the business information and trading is free to others.…

    • 970 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Ethical and Socially Responsible Business A code of conduct is intended to be a reference or central guide for users that support day to day decision making in an organization. It is used to clarify an organization’s mission, values, and principles and linking them with standards of professional conduct. Codes of conduct offer an invaluable opportunity for responsible organizations to create a positive public identity for themselves which can lead to a more supportive political and regulatory environment and an increased level of public confidence and trust among important constituencies and stakeholders ("Conduct," 2009). One restaurant that has successfully proven to be ethically and socially responsible is Cheesecake Factory.…

    • 869 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    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.…

    • 1126 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Ethics, broadly defined, is the a set of values or principles established by society for its betterment. Many of these values and principles are incorporated into culture and law. Organizations today integrate ethics into the foundation of their businesses in order to augment the professional value and trustworthiness of the their enterprise. Both public and private companies are expected to uphold certain ideals and internal controls for the benefit of their stakeholders. Operating with high virtues dictates an enterprise’s true value.…

    • 1234 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    What are the ethical issues in this case? There are several ethical issues involved with the marketing done by Big Pharma. There concerned about making the most money with their drugs rather than focus on develop newer drugs. I think it is completely unethical that the companies, “ starts its promotion techniques while the doctors are still in medical school.…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Company Q Stakeholders

    • 1376 Words
    • 6 Pages

    Identifying Stakeholders I think it’s important to identify who is being affected by Company Q’s current attitude toward social responsibility or Company Q’s lack of social responsibility. These groups are composed of primary stakeholders and secondary stakeholders. Primary stakeholders for company Q would be its employees, customers, investors, shareholders, governments, and communities that provide necessary infrastructure which are crucial to company’s Q’s survival. (Ferrell, Fraedrich, & Ferrell, 2009).…

    • 1376 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Every organization has their own set of rules, guidelines, values, and procedure on how they want to manage their business. However, organizations question the importance of ethical coding. Are they beneficial to the corporation? Can they help raise and bring in profits? Or does it have the potential to cause risk to the corporation?…

    • 1533 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Apples’ Corporate Responsibility and Marketing Strategies Mouad Nouidei Strayer University Corporate Responsibility Some of the main levels in business for consumers are corporate social responsibilities and business ethics. A lot of businesses now a days come across different questions from patrons and stockholders regarding the company’s ethical and social responsibility (Munson, 2014). Business ethics can include anything from the way the company hires or how a company can make their claims in advertising (Munson, 2014). Businesses depend on their employees who represent the business in public and on their customers, to represent a trustworthy image that is joined together with the goals and objectives in the company (Munson, 2014).…

    • 1616 Words
    • 7 Pages
    Great Essays
  • Great Essays

    Pfizer should also reduce their cost in administrative and advertising and pump in more resources into the research and development department so that they will be able to come up with new and improved drugs. Due to the decline in blockbuster sales and new inventions within the pipeline, it would be wise to move into more personalized treatment such as cancer. Pfizer should not only rely on the "Cash Cow "products because the industry is a now facing a shift and the one size fits all approach is not valid anymore. Pfizer should consider acquiring smaller drug companies to strengthen its portfolio since their labs are not churning out enough blockbuster products.…

    • 1041 Words
    • 5 Pages
    Great Essays
  • Great Essays

    Introduction and Background Organisations’ management strategies and practices affecting environmental, ethical, social and global aspects have evolved significantly and the responsibilities of an organisation to society are those that arise in the concept of Corporate Social Responsibilities (CSR). CSR can be defined as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour (ACCSR, 2016). Though CSR is not compulsory, it is expected and issuing regular CSR reports detailing social and environmental performance is considered best practice (Carroll 2004, 116). HSBC was established in 1865 and its named derived from founding member, The Hong Kong and Shanghai Banking Corporation Limited. HSBC is one of the largest Banking and Financial Institutions in the world, operating in 71 countries across the globe and crossing multiple jurisdictions (HSBC Group 2016).…

    • 1463 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    McDonald 's is one of the world 's largest corporate entities and has been counted as most recognizable and committing to each of their values by being ethical, truthful and dependable. In contrast Starbucks wants to, "inspire and nurture human spirit - one person, one cup, and one neighborhood at a time." (Starbucks et. al.). In comparison, both companies have commitments to its customers and quality products.…

    • 810 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Phillip Morris The Philip Morris cigarette organization began in 1847 on a little road in London (Sanders, Wisse, and Van, 2015). One of their essential objectives is to be a socially trustworthy organization, at both a local and global level. This is the purpose behind their enthusiasm for social execution.…

    • 2134 Words
    • 9 Pages
    Superior Essays
  • Great Essays

    INTRODUCTION Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business – Niall Fitzerald, Former CEO, Unilever. The current century is impacted by unpredictable challenges and opportunities, arising due to globalization. So it is recognized the world over business integrating their social, environmental and ethical responsibilities into the governance by the way of strategically formulating the CSR activities for ensuring their long term success, competitiveness and sustainability.…

    • 1756 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Firstly, business ethical is essential for a company, no matter the company works for no-profit that create social value or it works for profit that creates economic value. In the short term view company social responsibility might bring the negative effect on shareholders’ value. But in the long term view it will make more profit to all the stakeholders. And the relationship between social value and economic value should be balance even supplement each other. Secondly, a company must be Social responsible or Corporate Social responsible, not just stops at the level of about legal issues.…

    • 1369 Words
    • 6 Pages
    Improved Essays