I need some assistance with these assignment. ethics and corporate responsibility in the workplace and the world of pharmacare corporation Thank you in advance for the help! Stakeholders in this scenario are everyone who can have influence, as well as those, are influenced by the activities of PharmaCARE. Therefore, the stakeholders include the company’s employees who are contracted to offer specific services to PharmaCARE. From the way PharmaCARE treats certain employees in their payroll, it seems there are distinctions within this group where executive receive special treatment while lower-ranked employees are mistreated. Apart from those working in the plants at PharmaCARE headquarters and its subsidiary CompCARE, other employees include those under contract in Colbert. Another group of stakeholders is the consumers of products from CompCARE and PharmaCARE as a whole. In the current scenario, this group includes all those who consumed the drug AD23 regardless of whether they suffered heart attacks or cardiac deaths as long as they used the drug.
The doctors operating in different hospitals, clinics as well as physician offices that interacted with drugs from CompCARE or PharmaCARE and who were bribed to simulate the demand for AD23 are also stakeholders given that their activities increased the profits of PharmaCARE. The investors in PharmaCARE shares are part of the stakeholders as they received huge bonuses when the value of the stock averaged at $300 per share in addition to the huge profits they generated when CompCARE was sold to WellCo. The government in both the US and Colberia are also stakeholders through various legal and regulatory mechanisms put in place to oversee the activities of corporations such as PharmaCARE, CompCARE, and WellCo operating in the pharmaceutical industry.
Given the way PharmaCARE handles its employees, there seems to be a double standard in the conditions under which these employees operate. According to the definition supplied by .Andersen (2004), corporate ethics are the principles as well as values that determine the acceptable standards of operations of business organizations.