logo

Business Ethics and Business Management

13 Pages4148 Words88 Views
   

Added on  2023-01-10

About This Document

This report discusses the ethical issues faced by Johnson & Johnson, a multinational company, and the role of business in society. It covers topics such as the opioid crisis, stakeholders, and the application of ethical theories. Recommendations are provided to overcome these issues.

Business Ethics and Business Management

   Added on 2023-01-10

ShareRelated Documents
Business Ethics and Business
Management
Business Ethics and Business Management_1
Table of Contents
INTRODUCTION ..........................................................................................................................3
Part-1 – A.........................................................................................................................................3
1. Ethical issues or Issues...........................................................................................................3
2. Role of business in society......................................................................................................4
3. Five stakeholders.....................................................................................................................4
4. Example of good and bad ethics ...........................................................................................5
5) Recommendation....................................................................................................................5
PART 1-B .......................................................................................................................................6
1 Describe the theory .................................................................................................................6
3. Critique- Advantages and disadvantageous of theories. .......................................................7
4. Recommendation.....................................................................................................................8
PART -2 ..........................................................................................................................................8
1. Ethical leadership management is an unethical organizational culture ...............................8
2. How to maintain integrity and compliance in unethical environment...................................8
3. Reflection of personal experience...........................................................................................9
4. Conclusion...............................................................................................................................9
CONCLSUION .............................................................................................................................11
REFERENCESS ...........................................................................................................................12
Business Ethics and Business Management_2
INTRODUCTION
A ethical issues are the problems or the situation which need a person or company to
choose between the alternative which must be evaluated as right (ethical ) or wrong (unethical
). It is necessary for the every company to understand importance of the business ethics, and they
should give first priority to their ethics in business.
This report will cover the case study of Johnson & Johnson which is American
multinational company (Adhariani., 2018). They are developing products which are related to the
medical like medical devices, Pharmaceutical and customer packaged good. Past year This
company is facing one of the ethical issues – Opioid Crisis which is affecting their business.
This company was selling Opioid Drug which is addictive for the people, and they are also
facing lawsuits for selling the addictive drug to the US people. An Oklahoma Judge has also
ordered Johnson & Johnson to pay $572m for its role in driving Oklahoma’s opioid epidemic.
The landmark ruling will have wide-ranging consequences for the other Opioid makers,
Distributor and Pharmacy chain facing thousands of lawsuits across the country.
Part-1 – A
1. Ethical issues or Issues
It is necessary for each company to understand their ethical issues and if there is any
ethical issue then they should make strategies to overcome from the ethical issues. Johnson &
Johnson is one of the top companies in America, and they are having presence in all over the
world. This company is facing lawsuit because they were distributing drug called Opioid which
is addictive for the people. Opioids are often used as medicines because they contain chemicals
that relax the body and can relieve pain. Prescription opioids are used mostly to treat moderate to
severe pain, though some opioids can be used to treat coughing and diarrhea Not only addictive
but this can lead people toward the danger, and they can also die if they are using this drug
continuously. On the other hand it can be contradicted as the company have. Johnson & Johnson
addresses issues from medical ingredients in products to environmental sustainability to full
disclosure of payments made to healthcare professionals and to the use of animals in product
testing. The firm have the major level of commitment doing the right thing benefits communities
and the world while improving shareholder value, reputation, productivity and employee
retention. Unethical behavior from the Johnson & Johnson can affect their business, and they
can face many problems (De Los Reyes Jr, Kim and Weaver., 2017). One of the issues they are
Business Ethics and Business Management_3
facing is Lawsuit which is around 1000 and judge also order them to pay around 572 million
dollar as a penalty. In his judgment judge told that they were using the drug which is without
having the proper test and many doctors complaint that this drug is little bit addictive and
having risk of heavy addiction. This kind of unethical behavior from the Johnson & Johnson
opioid is dangerous for the people who are using this and not only adult but chillers are also
using this pills for their treatment.
2. Role of business in society
Johnson & Johnson was having good reputation in the whole US market and other
market as well but after the ethical issues like Johnson & Johnson lost their reputation among
the people. This issues also highlighted in the new paper and news television which affect the
people mint and customers who used to buy products from this company. Its not only affect on
their Pharmacy chain and business both other subsidiary product also get affected from it, and
they see huge decline on their sales. Its hard for the people in society to believe on the other
drugs sell by the Johnson & Johnson because they can feel that their other drugs can also be
addictive, and they can affect on their immune system, and they can face danger (Fryer.,
2016). Its take time of the business to create goodwill in the society. It can take lime to make
god reputation in the market and Johnson & Johnson was successful and one of the oldest
company in the US but their unethical behavior put them into the problems and now they are
facing problems like they have to pay charges with their addictive drug distribution. They were
also selling the drug when it was confirmed that there drug is dangerous for the health of the
society, but they were selling continuously. It is necessary for the Johnson & Johnson to
understand their business ethics. This company has done many good work as well for the
society, like charity which help them to create good image in the society. Johnson & Johnson
company has committed to helping each and every child in the world to live their life long and
healthy and the vital work from this company that serves the children does is the basis for a
better world and better future. This shows that they know what is their responsibility toward
the society.
3. Five stakeholders
Johnson & Johnson is healthcare company who was doing good in their business but
after the Opioid crises , it affect on the performance of the business and also affect the
companies stakeholders like Customers, Top superiors, employees, shareholders and owner. All
Business Ethics and Business Management_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Nature of Ethical Issues and Significance of Business in Society
|13
|3970
|71

Ethical Practices in Johnson & Johnson: A Case Study
|10
|3348
|87

Unethical Practices in Johnson and Johnson: A Case Study
|13
|3883
|65

Business Ethics and Responsible Management
|12
|3080
|229

Unethical Practices of Johnson and Johnson: Impact and Recommendations
|14
|3949
|69

Ethical Problems in Johnson and Johnson's Case Study
|15
|4180
|92