Without accurate financial reporting of these costs many investors have no idea of whether the companies are doing as well as they report they are.
The second most troubling issue that is impacting the community and the pharmaceutical industry is the lack of credibility of scientific research and its implications on the new drug development and marketing strategies of pharmaceutical firms (Verschoor, 2006). This continues to be a major concern specifically for government regulators who have seen pharmaceutical industry spend up to $5.5B a year to promote drugs to physicians, often citing inaccurate or falsified research (Verschoor, 2006). Not only does this impact the physician's credibility if the drugs do not perform, it also harms the patient.
The third major issue is the lack of audit standards for enforcing the...
Ethical Pay? Creating an ethical foundation is crucial for success within a changing consumer environment (Driscoll & Hoffman 2000). As more and more consumers become concerned with organization's social and environmental responsibilities, organizations with clear unethical or deviant behaviors are seeing sharp declines in terms of consumer reputations. The modern market place is dictating higher standards for corporate responsibility and organizational ethics weaved within the framework of businesses. This is
Ethical Behaviors of Mattel in the Toy Industry The ethicacy of corporate behaviors are influenced by a myriad of factors yet most strongly reflect the internal culture, alignment of leadership to vision, and accumulated trade-offs made by management over years of ethical decisions, trade-offs and outcomes. In the study Mattel, Inc.: Global Manufacturing Principles (GMP) - A life-cycle analysis of a company-based code of conduct in the toy industry (Sethi, Veral,
Ethical Decision Making in Sales Organizations The study of marketing, sales and company ethics has a very diverse foundation of empirical and analytical research ranging from gender- and trait-based analysis to the defining of models that seek to capture the dynamics that create ethical paradoxes and drive decision-making in organizations. In the research completed and presented in the article A Framework For Personal Selling and Sales Management Ethical Decision Making (Ferrell,
This is done so that the foundational elements of an ethical organizational culture are well-defined and have exceptional levels of resiliency and strength to withstand resistance to these changes over time (Mayer, Kuenzi, Greenbaum, Bardes, Salvador, 108). An ethical leader is also one that concentrates on how best to align their organizations; strengths and insights to the needs of the market, and do it with open, honest processes that mitigate
In the former approach, tradable goods, money or services are exchanged between buyers and sellers at a rate that is agreeable to all parties. This approach assumes both the buyers and sellers have enough money, services or goods to have their needs met. The latter approach, public provision, is when all is available to those on an as-needed basis. The Pharmaceutical and Manufacturing Association warns that whenever there is government
Ethical and Legal obligations in financial reporting is extremely important in today's world, fraught as it is with corporate frauds and accounting scams and scandals of every other sort. One Company, the Thornburg Investment Company, has taken a firm stand on financial reporting within its company, wherein all concerned officials are expected to report accurately, any actual, as well as suspected violations and breaches in the laws and rules and
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now