Description
Assignment 3: Ethics and Corporate Responsibility in
the Workplace and the World
Due Week 7 and worth 250 points
PharmaCARE (We CARE about YOUR health®) is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others (Note: PharmaCARE is a hypothetical company that you will to compare to a real company as noted in the assignment criteria below). The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, and its CEO serves on the PhRMA board. PharmaCARE recently launched a new initiative, We CARE about YOUR world®, pledging its commitment to the environment through recycling, packaging changes and other green initiatives, despite the fact that the company’s lobbying efforts and PAC have successfully defeated environmental laws and regulations, including extension of the Superfund tax, which was created by Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
Based in New Jersey, PharmaCARE maintains a large manufacturing facility in the African nation of Colberia, where the company has found several “healers” eager to freely share information about indigenous cures and an abundance of Colberians willing to work for $1.00 a day, harvesting plants by walking five (5) miles into and out of the jungle carrying baskets that, when full, weigh up to fifty (50) pounds. Due to the low standard of living in Colberia, much of the population lives in primitive huts with no electricity or running water. PharmaCARE’s executives, however, live in a luxury compound, complete with a swimming pool, tennis courts, and a golf course. PharmaCARE’s extensive activities in Colberia have destroyed habitat and endangered native species.
In preparation for this assignment, use the Internet or Strayer Library to research companies that have recently experienced negative consequences as a result of the company’s corporate activities. Compare the facts and consequences surrounding the companies you have researched to PharmaCare to support your response(s) to the criteria below.
Write a six to eight (6-8) page paper in which you:
- Describe the key characteristics of a stakeholder and determine all the stakeholders within the PharmaCARE scenario.
- Analyze the human rights issues presented by PharmaCARE’s treatment of the Colberia’s indigenous population versus that of its executives. Recommend at least three (3) changes PharmaCARE can make to be more ethical going forward.
- Assess PharmaCARE’s environmental initiative against the backdrop of its anti-environmental lobbying efforts and Colberian activities. Support the position.
- Decide whether or not PharmaCARE’s actions with respect to the indigenous
people of Colberia would be ethical in accordance with each of the following
ethical theories:
- Utilitarianism
- Deontology
- Virtue ethics
- Ethics of care
- Your own moral / ethical compass
- Compare PharmaCARE’s actions with those of at least one (1) real-world company, whose corporate activities led to ethical, environmental, or workplace safety issues and financial loss. Analyze the similarities and differences between PharmaCARE and the company that you chose.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia is not an acceptable reference and proprietary Websites do not qualify as academic resources.
Explanation & Answer
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Running Head: Ethics and Corporate Responsibility
Ethics and Corporate Responsibility
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Ethics and Corporate Responsibility
Question No # 1
Stakeholders are defined as “Anybody who can affect or affected by any association,
project or strategy”. There are two types of stakeholders internal and external while they are
ranked on power/interest grid. Major stakeholder holds the power to impact any decision in the
organization to some extent.
Stakeholders are the general population connected with a project and the project success
depends upon the involvement of stakeholders. Stakeholders can be a number of people, groups
or organizations who have enthusiasm for projects result and project result also affect these
stakeholders. Stakeholders additionally incorporate individuals whose interests are basic to
project achievement. The stakeholders of the project incorporate the colleagues, supports, senior
administration, clients, government offices, and competitors. The intrigue, impact, and
significance of stakeholders in a project could fluctuate.
The stakeholders of the PharmaCare can be classified on the following basis.
a) Interest
b) Power
c) Involvement
d) Effect
e) Position relative to the organization
f) Level in the organization
Classification of stakeholders in different categories helps to get a better understanding of
stakeholders in terms of how they are associated with the project.
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Ethics and Corporate Responsibility
The categorization of stakeholders is important as the project team can understand the
stakeholders who are critical to the project as the organization deals stakeholders based upon the
power/interest rank.
Stakeholders Categorization:
Stakeholders can be classified into five categories.
01. Supporters/Opponents
Stakeholders can influence the project for successful completion and they can also impact the
project in a negative way. Based on this behavior of stakeholders they are named as supporters or
opponents.
02. Primary and Secondary
The stakeholders who are critical to the success of the project as they have high
power/interest while they are also affected by the project termed as Primary stakeholders. The
primary stakeholders incorporate the end users of the project and customers. The project
manager, sponsors, senior management also comes into this ...
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