Types of companies face similar dilemmas

Assignment Help Operation Management
Reference no: EM132740496

Ethics and IPR

IPR protect drug companies from others making their products without the expense of investing in research and development. IPR also enable drug companies to recoup research and development (R&D) costs by charging more for a drug than the marginal cost of producing it.

One result of this strategy, however, is that unless a company can charge enough to cover the costs of R&D and production, it has no incentive to develop and produce a drug; no matter how important that drug may be to certain populations, for example, the poor in third-world countries.

What ethical dilemmas does this situation pose for drug companies?

Do other types of companies face similar dilemmas?

In addition to the readings assigned for this module, identify and read two to three other articles on professional ethics and the concept of intellectual property.

Reference no: EM132740496

Questions Cloud

Strategic decision in operations management : Choice of process strategy and process types is a strategic decision in Operations Management.
What would be the method you use to develop the module : Learners have preference, so do trainers. If you are tasked to develop a training module on the topic of "conflict management "(how to manage conflict in the.
Prepare journal entries to record events for pronghorn corp : Prepare the journal entries to record these events. Pronghorn Corporation issued 4,700, five year, 3% bonds at 106 on January 1, 2020.
Calculate the investment expected return : One-year Treasury bills are currently paying 2.9 percent. Calculate the investment's expected return and its standard deviation.
Types of companies face similar dilemmas : What ethical dilemmas does this situation pose for drug companies? Do other types of companies face similar dilemmas?
What are insights gleaned from the interview : As a student and after interviewing an HR Director, what are insights gleaned from the interview with a Human Resource Director? The response must be typed.
Prepare an incremental analysis to decide : Prepare an incremental analysis to decide if Pottery Ranch should buy the finials. Pottery Ranch Inc. has been manufacturing its own finials for curtain rods
Analysis of social-demographic and technological : Perform an analysis of the social/demographic, technological, economic, environmental/geographic, and political/legal/governmental segments
What training methods would you recommend in training : A bank in the United States, is planning on opening offices in South Korea. It decides to send five expatriates to South Korea who will work as subsidiary.

Reviews

Write a Review

Operation Management Questions & Answers

  Collapse share a criticism

COLLAPSE Share a criticism that is leveled against MNCs regarding their activities in less developed countries. Are there counterarguments to this criticisms?

  What is the optimal service rate for this queue

Consider an M/M/1 queue. Arrival rate is 10 customers per hour, service costs $3 per minute, and waiting costs are $0.5 per minute per customer. What is the optimal service rate for this queue?

  Reflect on two recent professional interactions that you had

BUSN20017 : Effective Business Communication,Reflect on two recent professional interactions that you have had.

  Find a firm that is following repetitive focused strategy

Find a firm that is following repetitive focused strategy. Describe its process in terms of scale, product range, HR strategy

  Determines capabilities and technological strategy

Explain how experience determines capabilities and technological strategy.

  Describe five communication practices

Describe five communication practices you think may be key when working with members from mexico.

  Describes a six sourcing strategies

Describes a Six Sourcing Strategies, its pros and cons, and how to properly apply it to the type you bussiness you choose.

  Organization old inventory management system

Assume that you are the project manager for an upcoming new information systems project designed to replace your organization's old inventory management system. The server and database will also be upgraded. Name one risk of project derailment or fai..

  Why you think this myth came about

Write a 1-2 page analysis on why you think this myth came about and why it still may be prevalent today.

  Explain the efficacy of monsantos ethical culture

Explain the Efficacy of Monsanto's Ethical Culture, and Costs and Benefits of Growing GMO Seed.

  What key standard languages and coding systems

What role, if any, should standard language play in the selection process? What key standard languages and coding systems should be incorporated in new system.

  What would you suggest as some good mechanisms and rules

DBAs formulate database policies, communicate these policies to users, and enforce them. what would you suggest as some good mechanisms and rules?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd