Merck – River Blindness An Ethical Analysis Of C

Merck River blindness An Ethical Analysis of Corporate Responsibilities By: Manuel F Lastimosa April 17, 2011 Ethics in that location is whiz and only one societal responsibility of blood--to intake its resources and engage in activities designed to increase its sugar so long as it waistband within the rules of the game, which is to presuppose, engages in gift and free competition without misrepresentation or fraud (Friedman, 6). macrocosm and Situational Analysis: The debate concerning collective social responsibility has bygone on for decades and will almost likely continue sanitary into the future. On the one hand, proponents of CSR designate that corporations, like individuals, being sectionalisation of edict are morally obligated to contri exactlye to the society that sustains them. That is to say, increase maximization is but one pursuit of a corporation and ought to be move in parallel with goals depute forth by unh omogeneous some other stakeholders including customers, suppliers, local communities, the common public, etc. as set forth in the stakeholder approach to social responsibility (Pearce and Robinson, 45).

On the other hand, opponents of CSR such as capitalist Milton Friedman would argue that a wholes duty is to its shareholders and as such is bound by fiduciary obligations to fulfilling shareholder interests videlicet profit maximization. That is not to say morals have no place in the business world. As implied in the supra quote, Friedman framed the role of ethics in business as a code of manoeuver to be used in the pursuit of maximum profitcompani! es should seek to make profits but in an in force(p) way. In the case of Merck Pharmaceuticals, the ethical dilemma of CSR presents itself in the detonation and donation of a medicine that would cure a ailment called River Blindness. For the cost of 200 trillion dollars and 12 years of evolution time, Merck would be able to develop a drug with the capability to cure and prevent River Blindness for millions of people in the middle(a) East,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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