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Assignment 2

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Assignment 2: Ethics and Corporate Responsibility in the Workplace and the World
Stakeholders:-
The Stakeholders in this case are:- 1. PharmaCARE 2. PAC 3. The People and Government of Colberia 4. Executives of the PharmaCARE 5. PharmaCARE Clients Worldwide 6. FDA 7. OSHA 8. MR Alen Jones 9. CompCARE and Employees 10. Doctors and Hospitals who were dealing with CompCARE 11. Donna, Tom and Ayesha 12. Wellco
The Ethics of PharmaCARE in Colberia:- Now days it has become a critical measure for companies (small and Large) to abide by ethical standards, which are designed to protect the well-being of society they are operating in and marketing with. In doing so companies, especially big corporations like PharmaCARE, are expected to have certain type of ethical standards as well as embrace and implement (CSR) corporate social responsibility policies and strategies in every aspect of their operation and beyond. According to David Vogel the definition of CSR is ‘practices that improve the workplace and benefit society in ways that go above and beyond what companies are legally required to do’ (Alexander (Sascha) K. Nussbaum). In light of this we can observe that the operational activities of PharmaCARE in Colberia were in fact completely contrary to the company’s claim of caring about the world. In spite of exploiting the people and the indigenous healers of the country, the fact that they did not have a tiny bit of initiative to improve the living standard of the people clearly shows that the company’s claims are simply superficial and bogus. One of the major tenets of CSR is contributing to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large. However the activities of the pharmaceutical giant PharmaCARE were indeed way farm

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