Social responsibility of pharmaceutical company
In the summary of access and implementation strategy, I have argued that a company has a social responsibility to provide service for human rights. To help implement responsibilities, I insist that the social contract theory provides an applicable ground for the duty based theory with specific procedures to allocate the wealth. Business organization themselves are originated from social contracts, such as corporate law etc. thus I find it practical to apply when confronted with social responsibilities argument.The reasons that I agree with the Deontologist perspective with a Social Contract theory are as below; GSK is a pharmaceutical company that deals directly with human rights issues and I believe that a minimum set of responsibilities are generated whenever dealing with fundamental rights. However, to apply such concept in real world, it is vague to define human rights and how to protect. In addition, GSK is involved in a complicated situation with several entities such as the local government, NGOs, world organizations, and the genetic medicine providers. Without any social contracts, it is virtually impossible to coordinate and ultimately benefit the community. However, social responsibility and the actio
While it is important to form an underlying ground that fundamental human rights will be protected, a shareholder can response to my argument by claiming that there are lots of ways to make profits and invest to alleviate human suffering without conflict of interest, then why not other developed countries but subsidize LDC? I will argue that a corporation is not only socially responsible for preserving human rights but also to appropriately allocate its wealth. Regardless of the alternatives, if the Company is in a situation that can alleviate human suffering where it is not affordable, it is the Company¡¯s duty to provide service in such market. ns such as granting drugs voluntarily, may conflict with the shareholders¡¯ interest, that is, to maximize the shareholders¡¯ value. Social contract theory can be useful when the basic concept of a mandatory duty runs into trouble when confronted with conflicting obligations. Donaldson invites us to accept the idea of social contracts with a minimal floor of responsibility for corporations that are required to respect a set of fundamental rights. Through setting up fundamental rights, it will help the corporate managers avoid of conflic
Some topics in this essay:
Recalling Merck,
Social Contract,
Referring Nike,
,
Southeast Asia,
human rights,
South Africa,
social contract,
fundamental rights,
social contract theory,
contract theory,
socially responsible,
provide service,
human suffering,
social contracts,
specific procedures,
preserving human rights,
alleviate human suffering,
responsibilities fundamental rights,
duty based,
pharmaceutical company deals,
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Approximate Word count = 808
Approximate Pages = 3 (250 words per page double spaced)
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