Economic responsibility and legal responsibility

Reference no: EM132092552

Who are stakeholders in this situation? Rank them in importance 2. Economic Responsibility: What are the potential costs/benefits of such an investment? If a safe/effective drug could be developed, Merck’s recouping its investment was zero. Could Merck justify such an investment to shareholders and the financial community? What criteria would be needed to help them make such a decision? 3. Legal Responsibility: Is there any legal responsibility for Merck? Any legal penalty for not investing in R&D? 4.If Merck decided not to conduct further research, how would it justify its decision to its scientists? Would it affect employee loyalty? 5.Did Merck have an ethical obligation to proceed w/ developing the drug? What if the drug had only a small chance to cure river blindness? What if Merch was close to achieving a cure, or what if they were sure that they could achieve it? 6.How does Merck’s value system fit into this decision? “We try never to forget that medicine is for people. It is not for profits. The profits follow, and if we have remembered that, they have never failed to appear” 7.If you were senior executive of Merck, what would you do?

Reference no: EM132092552

Questions Cloud

How can the data presented on the usfa fire statistics page : The United States Fire Administration (USFA) collects fire-related data to provide information and analysis on the fire problem in the United States.

What are the problems with limiting warranties : What are the problems with limiting warranties? Are disclaimers effective? Under what conditions are effective?

Describe the process by which freemarket pricing : Describe the process by which freemarket pricing might stop the degradation/depletion of the resource.

Prepare a victim impact statement : Pretend that you are the victim in the following scenario, and prepare a victim impact statement (VIS) incorporating all of the components that could be.

Economic responsibility and legal responsibility : Economic Responsibility: What are the potential costs/benefits of such an investment? Legal Responsibility: Is there any legal responsibility for Merck?

Reflects johnnys efforts and accomplishments : Compose additional feedback that reflects Johnny's efforts and accomplishments, which might not be clear based on the grade alone.

Review the principles of effective correctional intervention : Review the principles of effective correctional intervention as defined by Gendreau on page 105 of your textbook (Alarid, 2015). As explained by Alarid (2015).

What are the downsides to this tactic for countries : Why is currency devaluation so sought after in the weak economy? What are the downsides to this tactic for countries?

Discuss two personnel policies : List and discuss two personnel policies that are especially relevant to recruitment

User Account

All Pages