CVC pharmacy chain which is the largest drugstore company the United States of America made dramatic call and decision that received numerous debates and criticism worldwide. The globally trusted company made a controversial decision to take away the tobacco and cigarettes from their stores. The decision from the hugely known drug store company was indeed brave and strategic in consideration of the business ethics that they organizations wanted to maintain. Their decision was made public on February 2014 hence received many reactions from the agencies, governments, individuals, corporate and the media. Therefore, this paper will elaborate the significance of the strategic decisions made in the industry by examining whether the business decision …show more content…
In making a right thing for the organization, the organization should weigh the negatives and the positives of each real option, thus consider all the available alternatives. Despite the financial loss from the ban of the tobacco products from the store, the decision is right. It is reported that the company did not consider the two billion dollar loss in its annual revenue by deciding to engage in the practice that resists it from storing cigarettes in the enterprise.
Premises
1. Specifically, one of the reasons why the decision was right is because the company wanted to show the public that it cares more about the health and the safety of the customers and the whole nation than its potential revenues and profits. Besides, the decision is good for ensuring there are productive and healthier future generations who could play a critical role in the nation building.
2. Moreover, the decision was strategic for the business as the change will enable the company to become more reliable as a health care provider than its previous bad reputations and image. Thus, the company will be capable of increasing its image and reputation that will further increase its market share hence increase its competitive
Strengths Long-standing reputation Provision of quality healthcare Highest rank in patient satisfaction Recipient of Joint Commission accreditation Serving a diverse population Weaknesses Smaller than other four hospitals Decrease in net profit Increase in expenses Significant increase in long-term debt Not-for-profit status Opportunities Changes in government regulations Change in lifestyle Influx of patients due to higher patient satisfaction Cost savings Opening of some outpatient clinics and surgery centers Threats Too much competition
Med-Pharmex Incorporated is known nationally and abroad as a pharmaceutical manufacturer of animal-related products. Before gaining fame worldwide, the business began its journey to success as a small lab in 1983, which slowly grew over time. Since then, the company maintains its main goal, and that is to produce drugs that promote the health of companion animals, such as dogs, cats, and horses, as well as food-producing animals, such as pork and chickens. To ensure legal responsibility, the company’s manufacturing process is examined by the United States Food and Drug Administration (FDA). Med-Pharmex works closely with veterinary clinics who purchase their life-saving drugs and represent them in the market. Despite manufacturing drugs, the
The movie The Insider literally provides a seeing glass perspective into the summation of ethical issues in businesses that directly affects the consumers physical and psychological health and the alleged methods that the tobacco company would resort to in order to safe guard itself from litigation and from disclosing information that will adversely affect the sale of its sole money making product yet is ultimately crucial to its customers understanding of the contents of the product that they are purchasing and its implications on their personal health.
Working in the pharmaceutical industry, there are different types of environments you could possibly work in. There are chain pharmacies, like any kind of grocery store or CVS. There are franchise pharmacies, which are also known as apothecaries. Also, there are community pharmacies, which are also known as retail pharmacies. Some of them are independent pharmacies, which is usually owned by a pharmacist or a group of pharmacists.. There are hospital pharmacies, in which are in the hospital. There are many more different types, these are only a few.
The tobacco industry seems like a beneficial addition to our economy. It has basically been a socially acceptable business in the past because it brings jobs to our people and tax money to the government to redistribute; but consider the cost of tobacco related treatment, mortality and disability- it exceeds the benefit to the producer by two hundred billion dollars US. (4) Tobacco is a very profitable industry determined to grow despite government loss or public health. Its history has demonstrated how money can blind morals like an addiction that is never satisfied. Past lawsuits were mostly unsuccessful because the juries blamed the smoker even though the definition of criminal negligence fits the industry’s acts perfectly. Some may argue for the industry in the name of free enterprise but since they have had such a clear understanding of the dangers of their product it changes the understanding of their business tactics and motives. The success of the industry has merely been a reflection of its immoral practices. These practices have been observed through its use of the media in regards to children, the tests that used underage smokers, the use of revenue to avoid the law, the use of nicotine manipulation and the suppression of research.
“Killing Them Softly,” an essay by Jacob Sullum, addresses the issue of Senator Judd Gregg’s bill to give the Food and Drug Administration control over tobacco products. This bill would allow the FDA to make such decisions as halting tobacco companies’ marketing of safer tobacco products and reducing the nicotine content in cigarettes. Sullum argues that by giving the FDA the power to make such decisions, individual consumers would be disadvantaged and lives could possibly be lost instead of saved. If given control of such decisions, the FDA would not allow the introduction of safer tobacco products as they feel this will increase the number of smokers. They feel more people will begin using these products that are advertised as less harmful substances, whereas Sullum feels it would be better for people to change their habits to these “safer alternatives.” Sullum fails to consider benefits of relinquishing control to the FDA, however. By considering some of the positive results, Sullum might develop a different opinion and support the bill as he should.
Being presented with the problems in the implementation of the SAP ERP system, it is evident that Novartis Pharmaceuticals requires a comprehensive action plan that resolves key issues and the underlying problem. Refer to Exhibit A for a graphical representation of the action plan.
Because of all the negative effects of smoking, the sale of cigarettes has been taxed heavily. The ingredients in cigarettes, especially flavored cigarettes, make it difficult for smokers to quit. In the last few years, both federal and state taxes have increased for tobacco products in the hopes of trying to reduce the number of smokers. The revenue from the tax is used to fund several health related companies. However, some smokers have started to buy cigarettes illegally in order to avoid the tax.
The question is, who should be held accountable? And what should be done? There is clearly no way tobacco will never be outlawed, but I believe there should be tighter restrictions on age limits throughout the world, and restrictions on the materials that are used in cigarette processing. Who is just letting cigarette companies continue to poison people and cause cancer risk? Throughout my essay, I will analyze the affects of cigarette use on the society of the world and the elaborate corruption that keeps cigarette companies in business.
Some actions should be taken on tobacco products because the risk of getting cancer is high. People vape everywhere in today’s society, blowing a massive amount of smoke that lingers in the air and could cause people nearby to cough or even children near it to cough. There needs to be a policy to ban cigarettes, it kills the smoker, in addition, it could kill the person exposed to the smoke from cigarettes. “The cigarette is also a defective product, meaning not just dangerous but unreasonably dangerous, killing half its long-term users” (Proctor). Cigarettes are not healthy in any way making it a defective product, it mainly kills the smoker rather than helping them.
With the increased cost of manufacturing, pharmaceutical companies have been divesting in their smaller or less profit making operations and focus on large segments. Many Pharmaceutical companies sold their manufacturing sites to contract manufacturing organizations. The dynamics of interfacing with contract manufacturing organization added intricacy in pharmaceutical supply chain network of pharmaceutical companies.
...ness operations to monitor and identify any business opportunities and threats in the market. For any business sustainability, it is crucial to sustain and maintain with the market strategies of the competitors (Contreras). Electronic cigarette has several competitors in the form of tobacco and other forms of cigarettes. The market is limited and achieving a sizeable market niche should be a driving force. This is only possible through an aggressive and up-to-date market research analysis.
.I believe that the Tobacco industry is unethical, They provide a product that causes addiction and eventual death if smoking continues thought the majority of a person’s life. I think that the tobacco industry needs to take more responsibility for their product. I believe they should do this by not advertising on the false image of being a cigarette smoker and focus on what consumers are actually going to receive for their money when purchasing cigarettes. They should focus on the feeling it gives people, and what the cigarette experience actually is in the most literal terms. Also cigarette companies should tell costumers upfront in easy to read labels the long term and short term effects of smoking to let people clearly know what they are buying and what it’s effects are.
The sale of cigarettes and tobacco is a multi-billion dollar industry, but is it truly worth all the problems that stem from their use? Health care costs are extremely high due to all the health problems associated with cigarettes and tobacco. Even though research has proven time and time again the harmful effects of cigarettes, and the rising cost of health care caused by cigarettes, our government will not take a stand and stop all manufacturing of the horrible toxins. Every year, new medical reports are issued regarding the harmful effects of smoking cigarettes. Hundreds of thousands of people around the world die every year from diseases caused by smoking.
Although it is beneficial for the economy for the production of tobacco products, it is extremely risky to use the product. According to researchers, second-hand smoke is terrible for everyone in the world who walks by someone who is exhaling. In the article by Robert Proctor “Why ban the sale of cigarettes? The case for abolition” states that cigarettes are the “most deadly object in the history of human civilization”.... ...