PharmaCare Legal and Ethical Considerations LEG 500 Law, Ethics, and Corporate Governance December 7, 2014 PharmaCare Legal and Ethical Considerations Once again PharmaCare is under suspicion for their question acts and deeds. The businesses AD23 drug has allegedly linked to deaths and now everything will need to be reviewed to determine validity. Ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety and examining whether PharmaCare
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Research three to five (3-5) ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety and examine whether PharmaCARE violated any of the issues in question. Legal and Ethical considerations are a worthwhile element in marketing/advertising, product safety and intellectual property, however there continues to be the stealthy and erratic element that each company cannot control and that is the employee. Ethical or unethical behavior is not completely
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Law,Ethics and Corp.Governace Sia Minja Assignment 3: Ethics and Corporate Responsibility in the Workplace and the World 05/25/2015 Prof.Augustine Weekley Introduction: PharmaCARE is the world’s leading successful pharmaceutical company offering low and sometimes free drugs to low income consumers. Its products have been known to save lives as well improve the quality of life to its customers. The company has recently launched an initiative to help protect and preserve the environment
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24 November 2015 Professor Steve Harris LEG – Law, Ethics and Corporate Governance Strayer University Loading... 1. Describe the key characteristics of a stakeholder and determine all the stakeholders within the PharmaCARE scenario. PharmaCare wouldn’t be PharmaCare without stakeholders. Stakeholders are the people associated with a company who play a vital role in the company’s success. Stakeholders can be individuals, groups or organizations who have a financial interest in the company’s
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of the company; or the company may be otherwise accountable to this stakeholder. PharmaCARE has several stakeholders that will continue to watch their progress in Colberia. The primary stakeholders are its shareholders/stockholders who will always seek a return on their investment (ROI). Every decision PharmaCARE makes will either increase or decrease ROI; this can be in the long-term or the short-term. PharmaCare additionally need to be concerned with opinions from members of Capitol Hill. Since
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customers, competitors, sponsors and team members. Key characteristics of stakeholders are: strong interest, level in the organization, involvement, position relative to the organization and affect the individual, group or organization may have. PharmaCARE has several stakeholders based on the
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running water. If the company compensated the healers for their intellectual property, the Colberians could improve their living conditions. PharmaCARE is taking advantage of this group of stakeholders because the healers are uneducated, ignorant to intellectual property laws, and do not know the true value of the information they are sharing with PharmaCARE. According to authors S.C. Jain and R. Bird, the Trade-Related Aspect of Intellectual Property Rights (TRIPS) is considered the most relevant
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Week 7 Assignment 3 - LEG 500 August 15, 2014 PharmaCARE Company is one of the leading world pharmaceutical companies, that enjoys an honest name of a caring and well-run company and that act ethically toward its stakeholders. It provides with the high-quality products and saves people’s lives increasing its quality. However, the case with the African nation of Colberia, where the PharmaCARE holds its big manufacturing object, raise community fears as for the unethical
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in a business such as Microsoft is positively affected, for example, when the company releases a new device and sees their profit and therefore stock price rise. (www.businessdictionary.com/definition/stakeholder.htm, n.d.) The stakeholders of PharmaCare include the customers they provide medicine for, the community, the sponsors along with the CEO and other employees. All of these people are affected by the decisions of the organization along with their actions, objectives and policies. Human
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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 produced high-quality products that saved millions of lives and enhanced the quality of life for millions of others. 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
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