Reference no: EM133040118

Review Business Ethics Flashpoint : Creator/Consumer Balance. This section of the text portrays negative actions by pharmaceutical and healthcare companies, but there have also been positive examples during the COVID-19 pandemic as companies set aside competitive interests to provide testing, equipment, and research in a more collaborative manner.

In your discussion, respond to these questions posed in Flashpoint 8.1:

How should a for-profit corporation balance its business needs with the needs of its customers?

Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?

Look at the issue from a Biblical worldview. How would you respond if you were running such a company?

Your thread must explain how you achieve the creator/consumer balance, considering, e.g.,:

Profit and return on investment for company owners/shareholders

Continuing existence of the company

Protecting the intellectual property of the company

Needs of patients, practitioners, and society