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Assignment 2 Ethics and Corporate Responsibility in the Workplace PharmaCARE

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Assignment 2 Ethics and Corporate Responsibility in the
Workplace PharmaCARE
PharmaCARE: Ethics and Corporate Responsibility in the Workplace
and the World
PharmaCARE: Ethics and Corporate Responsibility in the Workplace
and the World
In any type of business or organization there are ethical issues,
conflicts, and successes revolving around relationships. It is those
relationships considered one of the key areas of making the business
function. The relationships between customers, the employees,
managers, supervisors, shareholders, investors and suppliers all shape
the course of the business in order for it to be successful. In addition,
an organization usually has a governing authority; called a board of
directors, which provides oversight and guidance to make sure that
the organization keeps focused on objectives in a legal, ethical and
socially acceptable manner. Often unethical acts are discovered in
organizations; therefore, relationships are not only associated with
organizational success but also with organizational misconduct. ("An
overview of," 2006) As in the case with PharmaCARE, there were
multiple unethical issues due to bad decision making within the
company; decisions that affected employees, business partners, and
customers. As a result, its stock price plummeted.

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Stakeholders are those who may be affected by or have an effect on an
effort. Most ethical issues exist because of conflicts in values and
belief patterns about right and wrong between and within stakeholder
groups. There are three types of stakeholders:
* Primary stakeholders are the people or groups that stand to be
directly affected, either positively or negatively, by an effort or the
actions of an agency, institution, or organization. In some cases, there
are primary stakeholders on both sides of the equation: a regulation
that benefits one group may have a negative effect on another.
* Secondary stakeholders are people or groups that are indirectly
affected, either positively or negatively, by an effort or the actions of
an agency, institution, or organization.
* Key stakeholders are those who can have a positive or negative
effect on an effort or who are important within or to an organization,
agency, or institution engaged in an effort. Key stakeholders might
belong to either or neither of the first two groups. The director of an
organization might be an obvious key stakeholder, but so might the
line staff; those who work directly with participants, who carry out the
work of the effort. (Rabinowitz, 2013)
In this particular scenario with PharmaCARE, one can determine
multiple stakeholders. One key stakeholder who would be considered
a primary stakeholder too is the CEO of PharmaCare; who is also on
the board. The board of directors is also stakeholders since they

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oversee the choices the company makes and are heavily involved in
guiding the company. Shareholders are secondary stakeholders who
are indirectly being affected, in this case negatively, by the choices
the company has made. Lobbyist are also stakeholders in this case,
their negative efforts have successfully defeated environmental laws
and regulations. Rather ironic, considering the company launched a
new initiative pledging its commitment to the environment. The local
healers being use off the manufacturing facility in Africa are also
stakeholders. The PharmaCare executives are also stakeholders
negatively affecting the effort and giving a bad example as they stay
in a luxurious hotel, using countless amenities, while in the mean time
the people around them are living in horrible conditions without
electricity and running water. Pharmacists are secondary stakeholders
who are indirectly affecting the effort by reformulating one of
PharmaCARE drugs in order to maximize its effects. Indirectly, the
FDA is also considered a stakeholder in this case. PharmaCARE has
found a way to go around FDA regulations by establishing a wholly-
owned subsidiary to operate the drugs and sell it to individuals on a
prescription basis. Allen Jones and his techs are also stakeholders in
this scenario. Allen Jones is in charge of the operation in one of its
facility. Every employee, lab tech, supervisor and manager in
PharmaCARE is considered stakeholders whose direct services help
carry the actions of the company. Every customer or Medicaid,
Medicare, and VA patient whose demand for the drug helped
PhamaCare and CompCARE soar with business is considered

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