Case Study of Sackler Family and Oxycontin: Impact of Unethical Behavior
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This report highlights the case study of Sackler Family and the Oxycontin, focusing on the negative impact of unethical behavior on the organization's profit, public perception, medical staff, and addicted patients.
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l壱EXECUTIVE SUMMARY This report highlights the case study ofSackler Family and the Oxycontin. In which they are facing different issue due to the negative impact of Oxycontin in the nation. This report has highlighted the impact which can be brought by unethical behaviour on the profit of the organization and also the protest which was performed at the museum. After that the report highlight the impact of unethical behaviour on the perception of the medical staff and doctor. In the end the report has highlighted the impact which has been brought on the patient who are addicted with the Oxycontin medicine.
l弐INTRODUCTION Successful means the achievement of desired visions and planned goals. Furthermore, success can be a certain social status that describes a prosperous person that could also have gained fame for its favourable outcome. Ethical value used to play a very crucial in the success of the organization ethical value help the company and the organization in presenting the organization in better way in front of the market. Ethics help the business in building the good name of the comp-any in front of the market, employee and the society of the nation. ThisreporthighlightsthecasestudyofSacklerFamilyandOxyContins(Kuznetsova, Kuznetsov and Kuznetsov, 2019). This case study explain that Prudue Pharma the organization which used to produce OB as a drug which helps the patient in finding the relief from the pain but at the same time Prudue Pharma used to not follow the ethical value in the organization. As the drug which is produced by the organization was affecting the life of the people in the nation as it drug used to contain the harmful substance in it which is leading to the death also. As 49000 people used to die because of the overdoses of OxyContin s. As a reason various charges and the cases were filed against the organization because of the non ethical behaviour which has been performed by the Prudue Pharma in the nation. The first charge on Prudue Pharma was that company has claimed that large doses of OxyContin used to make the people addictive of OxyContin and another charge was that the company used to do a extensive promotion of OxyContin as compare to the other drug. Due to this type of the non ethical behaviour in the organization, Prudue Pharma has seen the variety of the protest being performed against them. This report highlights the analysis of different aspect or the factor which has been affetected due to the unethical behaviour in the organization. Some of the factor are profit of the company, public protest, medical staff and doctor and in the end the patient who were addicted of OxyContin drugs(Li, 2018). l壱ANALYSIS Can an organization be described as successful if it is not ethical? Prudue Pharmaundoutably has seen a good amount of the success in the market due to the success of the OxyContindrug in the market. AsOxyContinwas preferred by almost all the hospital in the UK and also patient were happy with the relief which is provided by the drug their was a good amount of the sale of OxyContindrug in the market. This has helped the company in getting the better response from the market and also as this drug was patent by the 2
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organization. Prudue Pharma has seen the good amount of the profit, as the price of the drug was high. After sometime it has been observed by the consumer that Prudue Pharma is promoting Unethical operation in the organization which is eventually affecting the life of the consumer in the nation. As it is the responsibility ofall the organization that they look at the well being of the consumer in the market as the product should not harm the health of the consumer. Unethical operation will eventually have the impact on the Prudue Pharma as profit of the company will be negatively affected by the same. As the consumer are against the OxyContindrug and they are Boycotting to consumer the same drug which has slow down the sale of the drug(McMurrian and Matulich, 2016).At the same time this decision has also affected the goodwill of the Prudue Pharma which will eventually affect the company in selling the other drugs also in the name of the company. Another impact which will be brought by unethical behaviour to the company is Prudue Pharma will lose the employer brand in the market which will eventually affect the company at the time of hiring new employee in the organization will eventually have the impact on the profit of the company as the employee are the important asset for every organization. Working environment of the company will be impacted by the same as a result it may happens that employee turnaround increases in the organization. There were many protest which was done by the public or consumer in the market in against the OxyContin . As the data gather shows that more than 49,000 consumer has been diet due to the drug of PP. At the time when the public of the nation was able to understand that there is a unethical behaviour in the PP. Public took to the various of the public palace to show the protest against the Prudue Pharma and OxyContin .Guggenheim museum was one of the public palace which has seen the protester in thousand of thenumber, throwing the paper slip which was designed has a perception slips of OxyCotin. Thrown from an upper walkway into the central rotunda before floating to the ground. This Protesting activity shows that the Prudue Pharma has misleads the doctor about the danger which can be caused by the OxyContin and as a result all the doctor used to prescribe the OxyContin as one of the best painkeller to the patient. This is against the ethics of the business as all the distributor need to have all the information about the product or the services which they are offered by the organization. Also one of the proteste at the museum was acting like the death body. This protesting activity shows that the product which is offered by Prudue Pharma is dangerous to the health and it may result in death 3
of the people in the nation(Peters and Maniam, 2016).As it is the responsibility of the organization that they promote the product with all the guidance related to the same so that product does not impact the health of the consumer but it is not followed by Prudue Pharma so it can be said that Prudue Pharma was following the unethical behaviour in the organization(Van Dijk, 2019). Medical staff and doctors are the one of the key stakeholder which has played the key role in the success of Prudue Pharma in the initial few years. As doctor and medical staff are the one who have promoted the awareness of OxyContin in all the patient by prescribing the same to patient. The reason for same was found that Prudue Pharma at the initial stage of the launching of the drug has invited doctor and specially the one who used to prescribed in the pain medicine and has organized the the seminar to promote the medicine of the company. That's the reason medicine was that famous in the nation. Lawsuit has identified that Prudue Pharma has not given all the information to the doctor regarding the impact which can be brought by the OxyContin drug. That's against the ethical law of the business as their should be clarity in between the buyer and the supplier. After some time it has been find out that the OxyContin is not good for the health of the consumer and eventually it was affecting the health and also the goodwill of the Hospital prescribing the same. That's the reason doctor and the medical staff in the nation has taken the variety of the step. Communication was one of the same as Doctor and Medical staff in the organization used to taught the patient that this can harm the health so please consume the same only twice a day. Also medical institution started boycotting the prescription of OxyContin to the consumer as in the end doctor was the one who was blamed by the patient and the family of the patient. This eventually creates the wrong image of hospital in the market(Rowden, 2017). Doctor has also organized the different conference in the hospital in which all the patient who was addicted to the OxyContin was invited and they were given the proper briefing about the impact of OxyContin and different alternative which can be consumed by the patient to overcome the issue of the pain. Patient are the one party which will be affected the most after Prudue Pharma due to unethical behaviour of PP. As Patient are the one who is trusting the drug as one of the best drug available in the market to overcome the issue which is faced by them but as after it has been find out that the organization was not using the ethical behaviour in the organization to operate in the 4
market. Patient will eventually try to boycott OxyContin and it also may happen that the patient also boycott the other drugs of the Prudue Pharma as well. This was difficult for the patient to overcome the addiction of OxyContin as it was found in the report that the impact or the relieve which was provided by OxyContin is 2 time faster and better than the other pain killer available in the market. As a result many other competitor in the market has also Launches the different drug in the market and promoted the same with all the ethical value in it it has help the patient in getting the different alternative through which they can overcome the issue which is faced by them(Shanahan and Seele, 2016). So after going through the analysis it can be said that the organization who is not following the ethical value in the organization can be successful but in the short run of the business only. As when it comes to see the performance of the business in the long run it is very important for all the organization in looking at the different aspect which can help or harm the business. Ethical value is one of the factor or can be said that one of the important factor for all the organization. As not using the ethical value can help the company on the profitability side but affects the social responsibility of the business. As social responsibility used to play a crucial role in attracting the eye of the customer toward the organization. So it is very important all the organization to use the ethical behaviour to be successful in the market(Vadastreanu, Maier and Maier, 2015). CONCLUSION After going through the above report it has been summarized that there is negative impact on the profit of the organization as the goodwill of the company is impacted by the negative ethical behaviour. After that the report goes on to to summarized that there aremany protest which was done by the protease in the museum in which they thrown the white slip and also some as acted as a dead body to show the unethical value which is performed by the Prudue Pharma as in the market. After that the report goes on to highlights the impact on the doctor and medical staff and also the different step which need to be taken to reduce the consumption of the OC in the nation. In the end the report summarized that impact which will be brought on the patient due to the unethical behaviour of the Prudue Pharma as in the nation. l壱RECOMMENDATION Whatcantheorganizationinthecasestudydotoprotectitselfagainstunethical behaviour? 5
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Prudue Pharma ascan take the help of the different social media and the local platform in the nation to promote the awareness in the patient that they have to make sure that they does not consume OC more than twice in a day as it can harm the health. This will help the company in multiple way, first it will help the company in seeing the better result in the nation as the number of the patient die due to OC will be reduce. Also it will help the company in passing the positive message to the consumer in the market that the company used to care about them who is consuming OxyContin . This will positively help the company in building good goodwill in the market. Prudue Pharma also can take the help of the doctor and the medical institute to promote the awareness in the patient as doctor are the one who are better authority which can have the impact on the choice of the consumer in the market. This can be done by inviting all the doctor and teaching them all the thing related to the medicines and seeking their help in promoting all the information to the patient. By the help of this method organization will be able to pass on the message to the larger number of the population in once. PP also can develop the alternative of OC it will help the company in getting the better response from the market as with the help of the same organization can easily give the better solution. This will also bring the multiple benefit for the organization as it will help the company in satisfying the need of the customer and also will help the company in not loosing the customer base also at the time of the protest. l壱 6
l壱REFERENCES Books and Journals: Kuznetsova, S. A., Kuznetsov, K. and Kuznetsov, A., 2019. HOW TO INCREASE PUBLIC CONFIDENCEINUNDERSTANDINGANDUSEOFTHEBANKINGSYSTEM: MARKETING MODEL ‘NETS FOR TRUST’.Financial and credit activity: problems of theory and practice.2(29). pp.13-20. Li,F.,2018.EFFECTOFSHAREHOLDERVALUEPERSPECTIVESONETHICAL DECISION IN EMERGING MARKET: THE ROLE OF EGOISM AND ETHICS OF AUTONOMY.Northeastern Association of Business, Economics and Technology, p.201. McMurrian, R. C. and Matulich, E., 2016. Building customer value and profitability with business ethics.Journal of Business & Economics Research (JBER).14(3). pp.83-90. Peters, S. and Maniam, B., 2016. Corporate fraud and employee theft: Impacts and costs on business.Journal of Business and Behavioral Sciences.28(2). p.104. Rowden, M., 2017.The Art of Identity: Creating and Managing a Successful Corporate Identity: Creating and Managing a Successful Corporate Identity. Routledge. Shanahan, F. and Seele, P., 2016. Ethics and the Development of Reputation Risk at Goldman Sachs 2008–2010. InOrder Ethics: An Ethical Framework for the Social Market Economy (pp. 329-347). Springer, Cham. Vadastreanu, A. M., Maier, D. and Maier, A., 2015. Is the success possible in compliance with ethics and deontology in business?.Procedia Economics and Finance.26.pp.1068-1073. Van Dijk, C. N., 2019. From painkiller to killer: the ‘oxy’case. 7