Vioxx Decisions – Were They Ethical? In the late 1990s‚ a pharmaceutical company called Merck was a leader in this industry. The pharmaceutical industry required millions of dollars and great amounts of time to be invested in research and development. From 1995 to 2001‚ Merck was successful in releasing 13 major drugs into the market. One of these drugs was one that would treat rheumatoid arthritis. The drug‚ Vioxx‚ acquired the approval of the Food and Drug Administration (FDA) in May 2009 (Cavusgil
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Creating Shared Value is a principle for doing business founded on the conviction that shareholder interests and the interests of society must be aligned in order to achieve long-term business success. Creating Shared Value which is integrally linked to our core business strategies and operations means going beyond sustainability‚ to create value for shareholders and society. which distinguish Nestlé from other companies: [pic] Figure 1 Source: Nestlé (2008)Management Report 2008 Available
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Ethical Decision Making in the Workplace Sara had to make a harsh but responsible decision in this episode to terminate shift supervisor Ronnie’s employment. I don’t feel that this was a decision that Sara wanted to make but it was the right decision for the future success of the business. Sara’s decision was primarily based on Ronnie’s terrible attitude towards the customer’s but he also didn’t have the best work ethic or customer service skills. Ronnie displayed many negative traits for someone
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Consistency of Bismarck’s Aims Consistent Aims 1) Patriotism to Prussia Otto van Bismarck is credited with the unification of Germany. However‚ it can be argued that he deliberately fostered this myth‚ and that it was never his aim to begin with: he had not intended unification and was a Prussian patriot first. He distrusted Southern Catholic German states and feared the submergence of Prussia in a united Germany. Above all else‚ Bismarck was consistently concerned to uphold and extend the
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I cannot say that I have ever been in a situation that I had to choose between the law and making an ethical decision. I did not have a perfect life nor come from wealthy family. The choices I had made throughout my life are to always stay out of trouble or stay away from trouble. My parents were strict and I was disciplined to do what is right or you would get spanked. In my culture you are raised to respect your elders and do what is right for the family. So this is a really a tough question
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Staff consistency and reliability in customer service. Introduction • This presentation is about how staff consistency and reliability in customer service contributes to ensuring that an organisation has satisfied customers. • I am an assistant working in the human resources department of a private company and my HR manager has designed a practical training course to be delivered inhouse. I have to create a set of presentation slides with added notes‚ describing how staff consistency
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expects them to do in their life. One of the important points that Emerson makes in “Self-Reliance” that truly captivates me when I was reading the essay is about consistency. Consistency is the basis for many explanations of change. The idea of consistency makes us uncomfortable because we are scared if we make the right or wrong decisions in our life. We become disturbed/not finished/not decided when things don’t fit together in ways that we might think are "consistent." In Paragraph 12 of Emerson’s
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Consistency in Dr. Tom Stockmann In Arthur Miller’s adaptation of Henrik Ibsen’s play An Enemy of the People‚ Dr. Stockmann is first introduced as an intelligent doctor and scientist who appears to live in constant high spirits. Miller describes him as “the eternal amateur- a lover of things‚ of people‚ of sheer living‚ a man for whom the days are too short‚ and the future fabulous with discoverable joys” (Miller‚ 6). Upon receiving his results from the university regarding the condition of the
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Justin Brewer MBA-540 9-16-12 Case Assignment 5 Case Analysis 5 United Airlines I do not feel that discontinuing the flights from San Francisco to Washington D.C. is necessarily the best option in this scenario. I feel that the use of marginal analysis is warranted in this scenario‚ as well as United viewing the other calculations from WSJ to ensure their accuracy. Marginal Analysis is defined as the process of identifying the benefits and costs of different alternatives by examining the incremental
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Ethical Issues in Managerial Accounting HSBC ethical and legal scandal Overview HSBC is one of the largest financial institutions in the world‚ with over $2.5 trillion in assets‚ 89 million customers‚ 300‚000 employees‚ and 2011 profits of nearly $22 billion. HSBC has operations in over 80 countries‚ with hundreds of affiliates spanning the globe. Its parent corporation‚ HSBC Holdings‚ called “HSBC Group” is headquartered in London. Its key U.S. affiliate is HSBC Bank USA N.A. (HBUS)
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