Business Ethics and Responsible Management: A Case Study on Johnson & Johnson's Involvement in the American Opioid Crisis

Business Ethics and
Responsible
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Ethical Issue or issue...................................................................................................................1
Role of business in society..........................................................................................................2
Good and Bad ethics...................................................................................................................2
Five stakeholder..........................................................................................................................3
PART 1-B........................................................................................................................................5
Describe the theories...................................................................................................................5
PART 2............................................................................................................................................6
What makes ethical leader..........................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The modern structure of trade, industry, and commerce is based on the following, often
vague and general principles of morality and ethics. The essence can be summed up by referring
to the concept of "out of business day". Ethics in business can have both general and descriptive
disciplines. As a practice to work together and do it with some work in the field, mostly used in
the field. Descriptive methods will be discussed in the context of the study. The breadth and
scope of ethics reflect the extent to which the firm is in conflict with international standards. The
report was written on Johnson & Johnson (J&J), a central unit that manages senior managers.
Their involvement in the American Opioid crisis (Kaufman, 2020). The report will look at
specific false and dangerous advertising campaigns, reducing the risk of victims of slavery and
billions of dollars in revenue. It focuses on a fundamental conflict of interest. Hence this
practice, and how the various stakeholders involved in this process work. In addressing issues
that should be addressed in relation to this practice, the report concludes with recommendations
that the J&J trust should be established in order to ensure better implementation of the code of
conduct. To emphasize that the purpose of this report is to highlight the fact why J&J sees this as
an ethical issue, and if have senior management, it is an understanding of the role of business in
society. Ethical theory also being used in context to the J&J and at the end there is summative
reflection which outline how the ethical leader can manage the ethics and the social
responsibility management.
PART 1
Ethical Issue or issue
For a clinician, and marketing strategy goes hand in hand with creating a problem, the
problem is that the pain has been so treated, and that prescription opioids may be the solution.
However, the side effects of the drug were obvious. The campaign was successful in spreading
false information to both doctors and their patients through pamphlets and online. There are
many ethical issues in the global drug trade; studies show that marketing opioids to physicians is
associated with increased opioid prescribing, which in turn leads to increased deaths due to
overeating. But after all, companies spend more on marketing than on research and development
of new drugs. As mentioned in the introduction to the report, there must be a ethical issue with
their fraudulent ad campaigns, and it's a shame for J&J, a $ 572 million product, in state of
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Oklahoma, for J&J’s contribution to their Opioid problem (Johnson & Johnson to pay $572m for
fueling Oklahoma opioid crisis, judge rules, 2019). This has had a negative impact on J&J-it's a
social model, it's the only time a "family" image should be valued and respected, and it has led to
consumers, in the sense that it can be difficult for them to gain the trust of many products, and it
gives the impression that J&J is more interested in making money and making a profit than
wellbeing of the victim affected from the pain.
Role of business in society
The last part of this chapter shows how important it is to know how firms can influence the
community. The purpose of community activities can be discussed, but now we give them the
impression that they will only work for shareholders net profit and do not care about the impact
on society as a whole. At a time when the company needs to act responsibly, and that its
decisions are made in a way that is conducive to a wide range of stakeholders and stakeholders.
Even if they are not forced to do things that have an impact on those of those who are concerned,
will there be any benefit in doing so. J&J is perceived as a company that recognizes its social
responsibility, and these with a state-owned tax facility, possible benefits can rely on that
customer satisfaction and more profit thanks to their reliability
Good and Bad ethics
Expanding on this point, ethical values to be useful, this will be the end. In the absence of
unethical decisions that save money, as a scandal with money for rectifying in hiring lawyers,
and paying legal costs will be expensive. As moral sanctions, they can avoid paying a large sum
of 572 million US dollars). In addition, it may not be ethical, especially with good leadership that
increases employee engagement, employees are happy and happy to work with them, in addition
to being able to attract and retain employees, and people like working for the right company.
Research has shown that there is a clear link between the satisfaction of employees working in a
business and the fair market value of the company. In addition, it is recognized as a code of
conduct in the pharmaceutical industry, can become a source of competitive advantage, and
corporate social responsibility, can have a positive impact on financial results (Opioid Overdose
Crisis, 2021). This gives you clear evidence from participating behavior and values of
participants who have had a positive impact on Johnson & Johnson interest, and market value.
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