1. You are the CEO of a pharmaceutical company and you disagree to release an untested drug in order to contain the outbreak of a deadly and highly contagious disease. Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. Corporate Social Responsibility- achieved?(philantrophic) economic-not only go for profit, must also take care of those consumer. legal-legal to issue out those drug untested?(government allow? allow if disclosed tat it is not untested?) ethics? not ethical coz dunnoe what is the side effect of the drug. bring adverse effect to light patient. consumer behavior- untested drug will be purchase if known by consumer? if law allow to release but must disclose tat it is untested. what if the drug bring negative effect to consumer? company must make compensation? wasted effort, wasted time, wasted resources, get sue, most importantly lose trust from consumer, no ppl support or buy product from ur company anymore- bankruptcy. what if the drug kill the patient instead of the disease? untested drug, no one noes the effect
stakeholder orientation must take care of everyone who has stake in ur company. must have product responsibility, cant just release drug that can have unknown affect human health to consumer-consumer is primary stakeholder, cant sustain the biz without customer. company must take responsibility on stakeholder. stakeholder model- extend biz objective to take care of the welfare of stakeholder. even disease is critical, that untested drug wont help much as it has not been tested and doesn’t cure the disease, so it might be just the company releasing ‘poison’ to the public. creating more problem. in this case must have a utilitarianism perspective, bring the most good to the...
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