What Are The Consequences Of Colonel Lilly's Ethical Dilemma
Lilly is a re-known and global leader in the production of pharmaceuticals. It came up in 1876 under the leadership of Colonel Lilly, who made the commitment to provide high-quality medicines that would be able to satisfy the real needs of people. The company faced a lot of ethical controversies from as early as the 1970’s, these controversies ranged from illegal marketing and failure to disclose all the dangerous side effects of some of its products. As a result, the company incurred a lot of expenses in settling lawsuits as well as paying fines.
Ethical issues related to the safety of the products
The ethical issues related to the safety of the products that the company produced beginning in 1979 on a pain drug, Darvon that had been produced …show more content…
Therefore, Lilly’s producers and marketed should be guided by the value and the consequences that will arise because of the products that they present to the public. With the consequences of their actions in mind means that there will not be a production of lethal and poorly tested drugs and marketer will present the right feature and side effects of using the products without concealing anything.
In an effort to have products tested prior to distribution and selling in accordance with the laws of the U.S Food and Drug Administration the company violates the rules by using alcoholics and unhealthy people, therefore, the deontological approach is not applicable in the company. The FDA requires that companies use healthy consumers who have been approved by it. The company goes against its core value of integrity by doing this, since it’s not being honest and does not adhere to set rules (Bachmann, 2015). The company’s procedure of testing is questionable and makes the product not good for consumers since the drugs may be given a green light as fit for consumption but in a real sense they become lethal. The company must make use of a healthy, subject to be testing the …show more content…
The company is now concerned with the welfare of its potential consumers by employing the best research methods and technology. It has also learned the hard way to respect the feelings and the lives of others through the high fines charged to it for its ignorance. Its participation in corporate social responsibility is an indication that it values the rights of people and more so concerned about the society around it. Eli Lilly received an award in 2017 and 2018 from Ethisphere world’s most ethical for premium ethical business
Ethical issues related to the safety of the products
The ethical issues related to the safety of the products that the company produced beginning in 1979 on a pain drug, Darvon that had been produced …show more content…
Therefore, Lilly’s producers and marketed should be guided by the value and the consequences that will arise because of the products that they present to the public. With the consequences of their actions in mind means that there will not be a production of lethal and poorly tested drugs and marketer will present the right feature and side effects of using the products without concealing anything.
In an effort to have products tested prior to distribution and selling in accordance with the laws of the U.S Food and Drug Administration the company violates the rules by using alcoholics and unhealthy people, therefore, the deontological approach is not applicable in the company. The FDA requires that companies use healthy consumers who have been approved by it. The company goes against its core value of integrity by doing this, since it’s not being honest and does not adhere to set rules (Bachmann, 2015). The company’s procedure of testing is questionable and makes the product not good for consumers since the drugs may be given a green light as fit for consumption but in a real sense they become lethal. The company must make use of a healthy, subject to be testing the …show more content…
The company is now concerned with the welfare of its potential consumers by employing the best research methods and technology. It has also learned the hard way to respect the feelings and the lives of others through the high fines charged to it for its ignorance. Its participation in corporate social responsibility is an indication that it values the rights of people and more so concerned about the society around it. Eli Lilly received an award in 2017 and 2018 from Ethisphere world’s most ethical for premium ethical business