Merck and river blindness case study answers. [SOLVED] Case 3 merck and river blindness (original answer) 2022-11-04
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In the late 1970s, Merck, a global pharmaceutical company, began researching and developing a treatment for river blindness, a disease caused by a parasitic worm that is transmitted through the bite of blackflies and affects millions of people in sub-Saharan Africa. Despite the significant potential for profit, Merck made the decision to pursue the development of this treatment as a philanthropic effort, recognizing the devastating impact that river blindness had on affected communities.
The process of developing a treatment for river blindness was challenging and time-consuming, as the disease was relatively unknown and there was limited information available about the parasite that caused it. Despite these challenges, Merck was able to develop a drug called ivermectin, which proved to be highly effective in treating and preventing river blindness.
In 1987, Merck made the decision to donate ivermectin to affected communities, rather than selling the drug at a profit. This decision was made in recognition of the fact that the communities affected by river blindness were largely poor and would not be able to afford the treatment if it were sold at a profit.
Through the donation of ivermectin, Merck was able to significantly reduce the prevalence of river blindness in affected communities and improve the lives of millions of people. The company also established a program called the Mectizan Donation Program, which continues to provide ivermectin to affected communities on a yearly basis.
In conclusion, the case of Merck and river blindness demonstrates the impact that a pharmaceutical company can have on global health issues when it prioritizes philanthropy over profit. By developing and donating a highly effective treatment for a devastating disease, Merck was able to improve the lives of millions of people and make a significant positive impact on global health.
Merck And River Blindness Case Study And Summary Essay Example
While I might have gone a different direction if I was making decisions for Merck, it is obvious from all my research that this program is helping millions of people each year. Best alternative should be selected must be the best when evaluating it on the decision criteria. Nonetheless, it makes perfectly good sense to say that a corporate organization has moral duties and that it is morally responsible for its acts. The itching is so intense that some infected persons have committed suicide. What are their arguments in support of their preferred outcome? These include questions about the morality of the activities, policies, practices, or organizational structure of an individual company taken as a whole. Perhaps the most fascinating argument for bringing ethics into business is the prisoner's dilemma.
Expert answer:Merck River Blindness Case Study, business and fin
Research costs are generated from deductions that would have been shared as dividends. Favorable headlines may be beneficial to the company and shareholders. You are giving a presentation to teachers and parents to encourage partnerships in the education of the whole child. It is not for the profits. Answering a case study. He chose the former, even though his moral standards were in conflict with his actions.
[SOLVED] Case 3 merck and river blindness (original answer)
However, the problem should be concisely define in no more than a paragraph. Merck is shill mare 1. How many can you list? Identify Stake Holders A. Headquartered in Whitehouse Station, New Jersey, Merck has over 70,000 employees and sells products and services in approximately 150 countries. Its changes and effects on company.
We are dedicated to the highest level of scientific excellence and commit our research to improving human and animal health and the quality of life. Moral reasoning refers to the reasoning process by which human behaviors, institutions, or policies are judged to be in accordance with or in violation of moral standards. Merck devotes an entire section of their website to Corporate Responsibility and they have detailed information on the initiatives they support. What are the potential costs and benefits of such an investment? Does Merck invest precious resources both time and money into testing and developing a drug that will not increase their profits? South Africa was once sued by 39 pharmaceuticals over the production of affordable generic life-saving drugs against WTO patent conventions. This consistency requirement can be phrased as follows: If I judge that a certain person is morally justified or unjustified in doing A in circumstance C, then I must accept that it is morally justified or unjustified for any other person: a To perform any act relevantly similar to A b In any circumstances relevantly similar to C.
Merck And River Blindness Case Study Solution and Analysis of Harvard Case Studies
In addition, alternatives should be related to the problem statements and issues described in the case study. Business: Its Legal, Ethical, and Global Environment. The extents to which these mitigating circumstances can diminish an agent's responsibility depend on the seriousness of the injury. On the contrary, unethical behavior sometimes pays off, and the good guy sometimes loses. In total, approximately 30 million people in 32 countries are now treated annually with Mectizan. In class you will observe the arbitration hearing and listen to the witnesses testimony. In 1978, Merck was testing ivermectin, a drug for animals, to see if it could effectively kill parasites and worms.
How many can you list? We expect profits, but only from work that satisfies customer needs and benefits humanity. Corporate Social Responsibility: The Good, the Bad and the Ugly. . Be sure to sufficiently explain your analysis using a framework. Still, habitually engaging in such behavior is not a good long-term business strategy, and it is the view of this book that, though unethical behavior sometimes pays off, ethical behavior is better in the long run.
What opportunities and challenges do the stakeholders identified present to the firm? When corporate social responsibility involves a conflict of interest with stakeholders, managers should balance the benefits. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. It is estimated that 37 million people are infected annually. In 1978, the World Health Organization estimated that over 300,000 people were blind because of the disease and another 18 million were infected. If both choose not to cooperate, neither gets the benefit.
Inability eliminates responsibility because a person cannot have a moral obligation to do something over which he or she has no control. All the personal information is confidential and we have 100% safe payment methods. Following this view, Merck ought to have sought profitability and drugs that add value to customers within its market positioning. They may vary across cultures. These five forces includes three forces from horizontal competition and two forces from vertical competition.
As time passes, the larvae continue to cause severe problems, including blindness. You will apply your analysis from the article on it. The profits follow, and if we have remembered that, they have never failed to appear. You are also required to cite to at least three external sources. Address the following points:Self-help skills.
SOLUTION: Merck River Blindness Case Study, business and finance homework help
Moral standards must be consistent. What outcome would they prefer? Look at the grading rubric within this content folder to see how you will be graded. What does it have to offer us, even if it seems largely mistaken? Ignorance may concern the relevant facts or the relevant moral standards. There were certainly enough people suffering from the disease to justify the research, but since it was a disease afflicting people in some of the poorest parts of the world, those suffering from the disease could not pay for the medication. How can my decision be implemented with the greatest care and attention to the concerns of all stakeholders? Of course, it is not always easy to separate factual information from moral standards. Ethics itself, on the other hand, being normative, attempts to determine whether or not standards are correct.
