The Ethical And Social Responsibilities Of Merck And Company

Stakeholders are vital in the success of implementing a project. When planning a new project, one must identify key stakeholders who may affect, or become affected, by the project. Key stakeholders can offer solutions to identify issues that arise, determine resources that may be available, and provide input in areas where information is lacking (Moran, Burson, & Conrad, 2017). Stakeholders can include, but are not limited to, the following: a) owners, b) staff members, c) suppliers, d) customers, e) organizations, f) mentors, g) families, and h) colleagues (Moran, Burson, & Conrad, 2017). A few key stakeholders for the hypertension education program will include patients,

80). Strategic thinking is a skill that helps pursue logical information and answer assumptions at all levels of the workplace. Forming the ability to deliver operational plans with the objectives put in place by an organization is imperative in strategically thinking within Mayo Clinic. To be strategically relevant Mayo Clinic must improve and increase the core business and must live the primary values which are the needs of the patient comes first according to The Mayo Effect. Incorporating the stakeholder theory, the strategic plan on behalf of Mayo Clinic, key stakeholders truly relay that the persistence of the clinic is to create as much value possible for the stakeholders involved. The top stakeholders in the plan are the patients, the general public and local communities surrounding Mayo. Furthermore the employees and competitors are stakeholders that are visible in the plan. In terms of the long-term plan, the global community could also be defined as a stakeholder within the strategic plan.

In July 2001 Robert R. Courtney’s illegal and highly unethical behavior was brought to the attention of local authorities and the Federal Bureau of Investigation (FBI). Courtney’s blatant disregard for the trust patients placed in him was evidenced by his daily violations of their rights and expectations while he supposedly provided quality healthcare service. By August 2001, following investigation, the FBI filed 20 federal charges against Courtney that carried a maximum prison sentence of 196 years (United Press International, 2002). $8 million of his assets which were estimated to be in excess of $10 million were frozen to be used as restitution for victims in the criminal case. Following a plea agreement Courtney’s prison

Health Care in the United States is a vast industry that has many different types of people involved in the delivery of care. There are stakeholders that affect the daily operations of health care and they are not necessarily in a hospital setting. The Agency for Healthcare Research and Quality, AHRQ, defines a “stakeholder” as persons or groups who have a vested interest in the clinical decision and the evidence that supports that decision ("Effective health care," 2011, p. 1). These stakeholders are making decisions that impact costs, procedures, and the future of

Stakeholders are a big part of a healthcare organization. They play a major role in the Healthcare Delivery System that plays a part in the performance and the health of the organization. Five of the major stakeholders consist of government, providers (which includes doctors, nurses, pharmacists, and other healthcare providers), patients, insurance companies, and pharmaceutical companies. Based off of the healthcare delivery system where it stands now, there are some recommendations that the stakeholder can do to have a positive effect on the healthcare delivery system.

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

A few key stakeholders include government, physicians, pharmaceutical and insurance companies, nurses and patients. Firstly, the government plays a significant role in the

It has been proven that stakeholders, either an individual or an health care organization play a key role within strategic implementations and policy developments

When talking about healthcare reform, one must always think about the stakeholders. Stakeholders are “people and organizations that have a stake (interest) in what a healthcare organization does and that could affect the healthcare organization” (Olden, 2011). There are many different stakeholders in our case study but we will focus on the main ones.

Drug companies that test experimental drugs in foreign countries are acting unethically. They are acting unethically, such that they are not disclosing results from the tests. As per the national Pharmaceutical Control Bureau’s Web site, there are specific guidelines with which the experimenters would have to adhere to when dealing with drug reactions (Health-Asia, 2007, February 2). Following a practice like this is imperative because patient safety is number one. Additionally, recording results and sharing them is common decency for families that are affiliated with the person being tested. If something bad happened, such as death, families, if present and involved, should be notified. Another reason as to why I feel recording results is important is the fact that it allows for the experimenters/doctors to have visual data of what drugs work and what drugs do not work. This would enable them to potentially improve on any faults that are present in the drugs and prevent future casualties.

While some have identified Merck as a visionary company dedicated to a "core values and a sense of purpose beyond just making money" (Collins & Porras, 2002, p. 48), others point out corporate misdeeds perpetrated by Merck (e.g., its role in establishing a dubious medical journal that republished articles favorable to Merck products) as contradictory

Merck has initiated towards combining functional departments with a core cross-functional structure that focused on strategies and implementation. For instance, Ray Gilmartin established the Worldwide Business Strategy Teams (WBST) in 1995. The WBST, which consisted of 12 or 15 members from the US Human Health, marketing and MRL’s internal group, focused on managing, improving efforts and coordinating therapeutic franchises worldwide. Cross-functional groups can promote resources for category drugs, decide if marketable drug be evaluated in Phase V studies, look at possible impact sales and push for initiatives. If cross-functional groups are designed and perform correctly, then they will be

Even though the pharmaceutical industry has made great improvements to human health and quality of life, like creating drugs for the treatment of AIDS, cancer, and other diseases, an increasing tension is growing between the public and the industry. These thoughts are fueled by issues such as drug pricing, affordable health care, and the battle against epidemic diseases in third world countries; social critics wonder whether this multi-billion dollar industry is giving enough back to the community and fulfilling its social responsibility.

In application, people might view Merck’s duties in different ways. For example, one might argue that as a company Merck only has responsibilities to release effective and safe medications and to make a profit to stay in business. On the other hand, it could be argued that as a pharmaceutical company Merck has special obligations to follow leads (like ivermectin) because they may greatly benefit human beings or save lives despite being unprofitable.

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue