Purchase Solution

Social Responsibility and Stakeholders of Pharmaceutical Companies

Not what you're looking for?

Ask Custom Question

Conduct online research on pharmaceutical companies and answer the following questions:

1. What social responsibilities do pharmaceutical companies have that differs from other types of companies?
2. Who are the primary stakeholders a pharmaceutical company has and how do you think they are prioritized?
3. Do you think pharmaceutical companies are justified in charging such high prices for certain medications or do you believe their high overhead cost (research, employing people, and advertising) justifies what the charge?

Purchase this Solution

Solution Summary

The solution answers questions on the social responsibility and stakeholders of pharmaceutical companies in 590 with support from 4 sources referenced.

Solution Preview

The websites researched were:
Glaxo-Smith Kline at http://www.gsk.com/
Merck at http://www.merck.com/
Johnson & Johnson at http://www.jnj.com/connect/about-jnj/company-structure/pharmaceutical-companies/

1. I researched the three pharmaceutical companies listed, and all three companies devoted at least one full website page to discussing their responsibilities from both a social and ethical standpoint. The companies discussed their role as leaders, and what that means from a social point of view.

I would also agree that the social responsibilities for the companies differ greatly from that of other organizations. I think that the drug industries have a primary role in providing assistance to both developing and struggling countries around the world. I believe that the pharmaceutical companies should be providing medicines to communities that are so overrun by disease, that the normal, ordinary acts of life in the community as a whole are ...

Purchase this Solution


Free BrainMass Quizzes
Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.