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Use the university library’s scholarly databases. 6. Respond to each of the following questions and statements: Stakeholders: Produce a list of all key stakeholders that you perceive to have a bona fide interest in the Merck company’s dilemma. Corporate Social Responsibility pyramid: Frame the Merck company’s ethical dilemma within the Corporate Social Responsibility Pyramid. E. G. State briefly the key economic, legal, ethical, and philanthropic responsibilities. As a focal point, compare and contrast the economic implications against the ethical and philanthropic considerations.
Organizational Values: State briefly and specifically whether the decision to a) proceed with the drug project or b) not to proceed with the drug development best fits with the company’s declared organizational values and its principles of profitability. Stakeholder Impact and Trust: If the drug development failed and cost hundreds of millions of dollars, would that harm to the company and its stakeholders be justifiable? If Merck decided not to pursue development of the new drug, what implications do you see this having for stakeholder relations such as the scientists who desire the development.
E. G. Is this a trust and leadership consideration? Final Decision: If you were the CEO of Merck and the final decision on this risky new drug development was yours, what would you do and why? Justify your decision. Using Carol’s theory, are you comfortable stating your opinion to the board of trustees, employees, and media? NOTE: Since this is an actual, real-life case, your focus should be on producing creative and new thinking that applies the ethical concepts to the material. Also, include an introduction and conclusion in your paper. You are encouraged to use the headings above in
Action Item 7 in your paper for organizational purposes. 7. Submit your paper to Turning. Com. NOTE: Turning. Com is used by Franklin University to assist students in detecting plagiarism. Turning generates a report within minutes of submitting your paper. Your results will not be e-mailed to you; you must login to review your results. Submitting a paper ahead of an assignment deadline provides you with the opportunity to take action if you need to rewrite any part of the paper. Your professor will provide you with a class ID and password as an e- mail or a Class Communication object. Submission Instructions
By Sunday, upload your paper using the Submit tool. Grading Criteria Content and focus: Response addressed the question(s) posed In a logical, cohesive manner: O – 35 points Analysis and critical thinking: Writing illustrates higher order critical thinking, analysis, synthesis, and/or evaluation.