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Ethics and the pharmaceutical industry
Importance of ethical issues in pharmacy practices
Importance of ethical issues in pharmacy practices
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Analysis of Adam’s Ethical Dilemma Jennifer Pierce is working as a trainee at Mega Drug. Mercury is a national retail pharmacy. There, Jennifer does some regular things. One day, she is allocated to restock some shelves. During the restocking process, Jennifer notices that the company’s own-label medicines are greater than name-brand medicines. This is an issue for patients obviously. When Jennifer reports this to Tony the manager, Tony’s response and answers seem weird. He explains the situation by saying that there might be a shocking error. Also, he adds that they should encourage customers to try the own-label medicines instead of name-brand ones. The reason is simple. Own-label medicines can make more profit. Even with some customers’ However, if they trust their company’s products and the company has enough successful cases to prove the function of their products, employees like Jennifer and Tony have the right to promote their own products? Based on the balanced stocking, the manager can choose to consider his own salary or bonus ahead of anything else. There is no ethical error here if the manager promotes their own products that are proven functional, based on the balanced stocking. In conclusion, the manager’s idea about promoting own-label medicines by keeping the “stocking error” creates the ethical dilemma. For Jennifer, it is hard to make a decision. to consider major stakeholders, different decisions may cause a different result. Some are good for the company. The others are good for customers. Also, there is a way to balance the situation. Therefore, to choose the balanced option seems to be a better way to solve the dilemma. In my opinion, when encountered with such kind of ethical dilemma, the priority should always be the weak grow P. In comparison with patients’ physical condition, ordinary employees’ salaries should be put in as IBGGGlue. However, if the own-label product has decent function and a lower price. There is no
Today, there are so many legal dilemmas dominating trial for the courts to make a sound legal decision on whose right in a complicated situation. Despite the outcome of the case, the disagreement usually has a profound effect on the healthcare organization, and the industry as a whole. Many cases are arguments centered around if the issue is a legal or moral principle. Regardless what the situation maybe, the final decision is left to the courts to differentiate between the legality issues at hand opposed to justifying a case based on moral rules. According to Pozgar (2012), an ethical dilemma arises in situations where a choice must be made between unpleasant alternative. It can occur whenever a choice involves giving up something good and suffering something bad, no matter what course of action is taken (p. 367). In this paper, I will discuss cases that arose in the healthcare industry that have been tried and brought to justice by the United States court system.
Economic responsibility requires a company to remain profitable in order to appease stakeholders and risk management and sound business practices play a large role in acceptable economic responsibility. Johnson and Johnson may have tried too hard to increase its profits, which resulted in mediocre production rather than timely inspection to ensure the products are safe for distribution. A halt in production may decrease profits temporarily, but in the long run, products distributed will be safer and revenue would resume to a normal amount. Instead, trying to be profitable and avoid loss in the short run made Johnson and Johnson less profitable in the long run. Failure in legal responsibility may have caused Johnson and Johnson to fail. The Food and Drug Administration (FDA) regulates drug distribution and has several criteria to pass in order to allow Johnson and Johnson to administer its premier medicines such as Tylenol. Not adhering to those laws allowed the distribution of unsafe medicines, subsequently leading to recalls and damaging the company financially. Johnson and Johnson tried covering up prior recalls of Motrin by hiring contractors to buy every packet (Kimes). Ethical responsibility requires companies do not perform questionable practices such as that described. The secret recall bought attention to Johnson and Johnson that it makes shoddy products out of the public’s view, which is wrong on many ethical bases. In the recent occurrence with Tylenol, Johnson and Johnson slacked on its labeling and tarnished the company’s
In the following case, Luke is involved in a very perplexing conflict, or Ethical dilemma. This situation is an Ethical dilemma, and not just a regular “everyday” problem, because to Luke there might not be an obvious answer. He can also be thinking that both choices, keeping his commitments of confidentiality and telling his brother, Owen, are both correct things to do. If Luke tells his brother about the project, then he might concur with a theory known as Breach of confidentiality. “Breach of confidentiality occurs when someone gives away information that was supposed to be kept private.” (GENB4350 Online Lecture, Ethical Reasoning 1). By Luke breaching information that is supposed to be kept secret, he will betray the trust of his company
This vignette focuses on a male adolescent who was already in therapy for behavioral issues, peer relations problems and suffering from a mild form of mental retardation. The issue at hand was about payment after the patient 's mom was laid off and subsequently lose her insurance. Dad steps in to offer goods in exchange for service so his son can continue therapy. As a therapist, what should you do when someone 's mental health depends on your services? The best thing to do will be the follow the APA ethical guidelines to help in making the appropriate decision and to use the Canadian Code of Ethics for Psychologist known as the Ethical Decision Making Process.
The Solution phase is a mix of similarities and differences for each model. The Rational model incorporates a decision matrix to assist with the selection of a solution. Each option is listed with three various outcomes based off the criteria and each option’s ability to solve the problem. By utilizing a matrix, the user can play each solution out in order theoretically see the likelihood of success, which provides the user with a better chance of success in solving the problem. In the pharmacy example, we took Kramm’s top three solutions into the matrix and developed possible outcomes based off the set criteria. This gave the team a visual of possible outcomes and results for each, enabling us, as well as Kramm, to make a smarter decision by
Lincoln is an accounting manager at a manufacturing company, Octavia is the financial supervisor and Finn is the finance director. Lincoln and Octavia report back to Finn on the day-to-day financial activities of the company. One day at work, you overhear Octavia saying she has not been revealing some important information to the external auditors. Information you know is about the recent purchase of a large piece of machinery becoming useless and has little value if resold. Lincoln does not know whether to believe what he has overheard. In addition, Lincoln has also heard from another source that there was a bribe paid to an oversea company to secure a sales contract. He feels uneasy abut the situations, and is left in a
On April 24th, 2014, one simple recording released by TMZ made Donald Sterling, owner of the NBA’s Los Angeles Clippers, the most hated man in America. In this recording, Sterling ranted over the fact how he did not want V. Stiviano, his partner, to be affiliated with any African Americans. As a result of his racist statements, fans, athletes, and sports organizations/members, voiced their opinions on the matter, flourishing social media. Many star players such as LeBron James, Michael Jordan, Magic Johnson, and a majority the Clippers players acknowledged that something had to be done, and that the NBA is no place for racism. In the end, after team owners took a vote, NBA commissioner Adam Silver held a press conference enlightening the public
3Walker, Hugh: Market Power and Price levels in the Ethical Drug Industry; Indiana University Press, 1971, P 25.
Control. Power. Decisions, who has the right to make them? Does the Government or a group have that right or does the individual have the right? Throughout history from our first book, the Bible, to our modern novels, literature has impacted our society in a great many ways; it reveals of our faults, and our triumphs, assist society in defining our moral values and ethical views. This paper will explore some moral and ethical issues about choice through several short stories: "Sonny Blue's," "Cathedral," and "The Lottery," and there will be two novels explored primarily; Fahrenheit 451 and George Orwell's 1984. The moral and ethical views that these books and short stories show us about our society today and the lessons that everyone could learn from them will be explored. To do this we must first understand the difference between morals and ethics. Morals are a person's individual view of the world, what they hold to be right, true, and just; a code of conduct. While morals are formed by the individual, ethics are a collective common law, yet not in writing; what the majority of the population hold to be right, true, or just.
I am on my way home from work and I notice a car flipped over on the side of the road. The car is leaking gas and no one has bothered to pull over to tend to the people inside. I notice this car is similar to my husband’s, so I pull over as fast as I can and race to the flipped car. When I look inside, I notice it is my husband and another women. My husband is still conscience and he mouths to me “I’m so sorry honey.” And from that second, I knew he was having an affair with the woman in the car. The car suddenly catches on fire, and I realize I have only a second to get someone out of the car and fast. I can get the woman out with no problem and save her life, but I won’t have time to go back and save my husband. My husband is losing a lot of blood and if I do manage to get him out, it’s a slim chance he may still. If I tend to my husband’s lover, he will indeed bleed to death but if I tend to my husband, I will save him for the moment but it’s not a definite chance he will make it. I have to choose whom to save but f...
The social problem surrounding the pharmaceutical industry can only be looked at through system blame. People see the good that the medication is doing for themselves and their famil...
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
Many ethical dilemmas are philosophical in nature, an ethical issue can be described as a problem with no clear resolution. In order to solve the issue or dilemma a consensus between the parties involved must be reached. There are several reasons to come to an agreement over an ethical dilemma, it is the basis for all aspects of personal and professional dealings. Each one of us is part of a civilized society and as such it is our responsibility to be rational, honest and loyal in our dealings with others. (Alakavuklar, 2012) states that individuals make decisions for different situations in business life involving various ethical dilemmas. Each time either consciously or unconsciously individuals may follow some ethical approaches
Most organizations with their management team, as well as their employees, are usually challenged with ethical decision making in their daily activities. This arises due to conflicting circumstances involving moral values, ethical practices as well as legal perspectives. For instance, employees may be stuck in making a morally acceptable decision due to conflicting ethical consideration to their professional practice. Even though ethical dilemma situations may be rampant in business organizations, it can be mitigated by maintaining moral integrity through following some set of code of ethics.
With Jacob’s financial pressure, his integrity is shaken because he wants to use the money to pay off the bills and Jacob did not mention it to Krystal. Jacob needs to put his personal matter aside and communicate his medical situation and the bonus money to Krystal. By doing so, Jacob will maintain his honesty and not let his personal interest be in the way resulting trust within the workplace will be maintained. Additionally, the bonus money can be fairly divided between the two. Employees have the responsibility to follow and maintain business ethics and the code of ethics in the workplace. Employees have to be honest, communicate at all levels of the organization, deal issues at the lowest possible level, and avoid conflict of interest that would lead to unethical decisions. Also, employees should be educated with the policy and regulations set by the company in order to maintain ethical practices in the workplace. Jacob and employees in general are bombarded by ethical issues and by abiding by their roles and responsibilities will guide them in making an ethical decision. The following five-step model can help employees make appropriate decisions when faced with an ethical dilemma. First step is to recognize the issue. Knowing what is the root cause and the main