How should for-profit corporation balance its business needs

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Assignment

Samsung and Apple continue to fight to protect their rights to their intellectual property. Similarly, any company will fight to protect the real, personal, or intellectual property on which its business, revenues, and reputation are based. These same property issues are at stake in the pharmaceutical and biomedical industries where patents on medicines, medical devices, cutting-edge genomic therapies, etc. form much of a company's livelihood.

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

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

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

Reference no: EM131658712

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