Reference no: EM133451426

Question

1. Consider two powerful industries, Big Pharma and Big Tobacco. The former can save lives; the latter is accused of taking them. Yet, there are some disturbing similarities between these industries. Identify and discuss these commonalities and their causes. In light of your response, what recommendations do you have for leaders of pharmaceutical companies?

2. In a capitalistic-driven economy, do large corporations have a duty to serve their stakeholders? If so, to what extent?

3. Is government regulation necessary? As a future business leader, how would you establish a balance, ensuring that the free market rewards performance while also constraining greed and unethical behavior?

4. Americans spend billions of dollars annually on prescription medications. As the U.S. population ages, this spending will only increase. What are the implications of this reality for sustainability? When does the statement "better living through chemistry" become problematic?

5. Beyond penalizing Martin Shkreli and other corporate leaders such as Andy Fastow and Jeff Skilling (Enron) for their illicit actions, how can ethical leadership be encouraged in large corporations?