logo

Unethical Practices of Sackler Family in Supporting Museums and Galleries

   

Added on  2023-01-19

14 Pages2691 Words68 Views
 | 
 | 
 | 
Museums and
Galleries supported by
Sackler Family
Unethical Practices of Sackler Family in Supporting Museums and Galleries_1

EXECUTIVE SUMMARY
The present report is based on case study of Sackler family that supported to Museum
and Gallery. Thus, study will reflect about the unethical behaviour practices of Sackler family in
manufacturing medicine that drug content.
Furthermore, report will focus on measure out the success from the reputation perspective
and perspective of public. However, this will also include about the service offered to public by
museums and galleries inclusive of pricing.
Unethical Practices of Sackler Family in Supporting Museums and Galleries_2

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................1
ANALYSIS .....................................................................................................................................1
Measuring success from reputation perspective .........................................................................1
Success from perspective of public .............................................................................................2
Success from the perspective of service offered to public by museums and galleries inclusive
of pricing......................................................................................................................................3
Success from the perspective of effective regulation for organisation receiving donations and
how it is affected by unethical behaviours...................................................................................3
CONCLUSION ...............................................................................................................................4
RECOMMENDATION...................................................................................................................5
REFERENCES ...............................................................................................................................6
Unethical Practices of Sackler Family in Supporting Museums and Galleries_3

INTRODUCTION
Business ethics is the study of appropriate business policies and practices regarding
potentially controversial subjects including corporate governance, insider trading, bribery,
discrimination, corporate social responsibility, and fiduciary responsibilities. According to Reid,
(2017) success is defined as the accomplishment of tasks in desired direction and strategy for
achieving particular goal. The success can be measured in different attributes such as financial
gains, public perception, brand value and legislative perspective. To survive in the competition
and for long term exposure to success along with the best practices organisations also integrate
ethics in their functions. The unethical practices can make it challenging for the organisation to
retain the trust of its service users. Without support and trust of community organisations may
not withstand with success for long term.
The report aims at justifying the importance of ethics in business by case study of Sackler
family. This successful pharmaceutical company provides addictive painkiller, OxyContin which
leads to opioid shortage in US to great extent that it even leads to huge number of deaths.
However Sackler family is famous for its philanthropy and huge donations to cultural
institutions such as museum, universities and galleries. The report will analyse the impact of
unethical practices on success of these public organisations. It will also evaluate the influence of
donations from Sackler family on brand image and services of there public organisations.
Further the report will also address and consult the need of more legislative framework for
charities to make their practices ethical.
ANALYSIS
Measuring success from reputation perspective
Public organisations such as museum or art galleries used to receive donations for their
sustainable operations. However unethical practices in receiving donations can influence their
reputation to a great extent. Thus charities must assure that donations they are receiving is legal
and ethical which does not harm their public reputation adversely. Public or charitable
organisations are always in monitoring of public (Gardner, 2018). Due to their public nature they
always receive immense support and love from the service users. However their direct or indirect
involvement in unethical behaviour leads to great disappointment in terms of their reputation.
For instance the museums or the organisations who received donations from Sackler family are
1
Unethical Practices of Sackler Family in Supporting Museums and Galleries_4

End of preview

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

Related Documents
Importance of Ethical and Unethical Behavior in an Organization
|9
|2658
|48

Ethics and Business Success: A Case Study of Sackler Family
|11
|2678
|59

Impact of Unethical Donations on Museums and Galleries
|8
|2577
|82

Impact of Unethical Practices on Organizational Success: A Case Study of Sackler Family
|14
|3212
|59

Unethical Behavior of Sackler Family: Case Study Analysis
|12
|3395
|84

Museum and Galleries Supported by the Sackler Family
|9
|2556
|90