PharmaCare’s Ethics and Social Responsability
Gladys T.
LEG 500
02/22/2015

PharmaCare is named among the most respectable pharmaceutical companies in

the world. It is said to be an honorable and well-run organization that produces high-

quality products that have not only saved millions of lives but also improve the quality of

lives for millions of others. However, looking into the company mode of operation, we

notice some significant discrepancies between its ethics and its commitment to social

responsibility. So, Knowing that “ businesses must take into account a wide range of

social issues, including how a decision will affect the environment, employees and

customers” (Halbert & Inguilli, 2012), we are wondering where does PharmaCare stand

in this view.

PharmaCare’s Stakeholders.

A stakeholder is any person, group or institution that has an interest or plays a role

in any actions or decisions that an organization may take (Halbert & Ingulli, 2012). Some

characteristics of a stakeholder are its/his/her the stand to gain or lose through the success

of failure of the organization, providing funding, and participating or being affected by

the organization work. So, identifying company stakeholders can be an aim to measure

the company ethical and social responsibility. Within the PharmaCare scenario, the

stakeholders are its executives, employees, consumers, “healers” from Colberia,

shareholders, scholarship recipients, and government agencies. Any action that the

organization takes will affect these people or groups either positively or negatively.

As the globalization has accelerated around the world, it has become increasingly

apparent that companies offshoring their manufacturing in low-cost countries to seek not

only long-term competitive advantages, but also to