The Sackler Family Business and OxyContin: Ethical Dilemmas and Impact

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Added on  2023/01/18

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This report provides a comprehensive analysis of the ethical issues surrounding the Sackler family business, particularly in relation to the production and marketing of the opioid painkiller OxyContin. It delves into the company's unethical practices, including aggressive marketing strategies and a lack of transparency regarding the drug's addictive potential, which contributed to the opioid crisis. The report explores the consequences of these actions, such as the loss of public trust, legal actions, and the devastating impact on individuals and communities. It examines whether the company was successful despite its unethical behavior and highlights the steps the company could have taken to protect itself from unethical practices. The report emphasizes the importance of ethical considerations in business, discussing the impact of unethical actions on reputation, stakeholder relationships, and the long-term viability of the company. It also analyzes the role of corporate responsibility and the need for companies to prioritize the health and safety of consumers over profit.
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Is organisation is successful when it is not ethical?....................................................................3
Steps taken by the company to protect itself from the unethical behaviours of the business.....5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7
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INTRODUCTION
The academic and the professional skills of the people are essential for the success and
growth in their career. These skills are used for the effective and effect working of the business
by the people. Academic and the professional skills is used for the proper responding to the
needs and wants of the customer. This file involves the description about the sackler family
business which is a most famous painkiller drug oxycotin. Oxycotin is the pain killer of the
narcotic which is the long lasting reliever. This pain reliever is abused by the addict people who
crushed the medicine easily which have greater intense, controversy is sparking and legal actions
which against the purdue. This file determine that the company is successful or not without the
ethical issues. There are various ways to protect the organisation against the unethical behaviour
of the business.
Is organisation is successful when it is not ethical?
The business of the sackler family is the company of the pharmaceutical organisation.
This company is fully responsible for the production of the high addictive pills of the opioid
oxycotin. The sackler family business is the business of the narcotic reliever of the pain which
remains for the long in the human body and it affects the health of the people. Because of this
business the people got addicted from this oxycotin drugs and it affects their mental and physical
health of the people. The addicts of this drugs will crush the pills and faster easily and it results
in the deaths of the number of people (Keefe, 2017). This medicine kills the more then 100 of
people in the America and the number of the addicts in the America increases. The business will
get the success but it does not have image and goodwill of the company because the business is
killing the lots of the people of the America. The company will loses the trust of the customer in
their business because they did not explains the whole truth of the medicine (Mercer, 2019). The
sackler business family loses the share of the market because of not telling the whole truth of the
drug to the customer.
The revenue of the company increases by without the proper ethics business but they
didn't get the goodwill in the minds of the people. This kind of the business is not goof and
effective for the present and future generation of the people. This unethical practices of the
sackler family business affects the reputation of the business and results in the major deaths of
the people of the America. Because of the negative effects and reputation of the sackler family
business no company could wanted to deal with them (Van Way III, 2019). Unethical ways are
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not effective for the log time which gives the success and growth of the business. These
unethical business practices of the sackler family affects the credibility of the business and
reduces the strong base of the customer. The people got addicted by using the pills of the
oxycotin and results in the deaths of the people so the business which does have the ethics are
termed as the unsuccessful business. Business of the sackler family produce the greater risk from
their products which have negative impacts on the different communities of the country. The
marketing strategy and practices of the business of the sackler fa,miler is very aggressive and
manipulates the minds of the doctors and people. This will affects the positive image of the
company in the country. They have faces the heavy loses
These unethical behaviour of the business of the sackler family business affects the
relation of the employees in the business. The oxycotin become the most highly addictive drugs
in the market of the UK which affects the health of the people and results in the death of the
people of the country (Ting, 2018). The unethical behaviour of the business results that the
people become more and more addictive for the people of the opioid oxycotin.
Because of selling the addictive and harmful drugs to the people without giving the
proper information and knowledge the survival of the business in the long is not possible. The
sackler business family have typo face various problems in the business by their unethical
behaviour of the business for the people. By cheating with the customer the sackler business
family results in the reduction in the.
The customer have the rights of the safety and the heath, information rights, rights to
satisfy and the right to choose but the sackler business family does not gives the customers these
rights an d suffers their business more and more. For the successful operations of the business
the company have to informed the customer about the products and service.
The relation of the shareholder is not that good towards the addictive and harmful
products of the sackler business family. The ethics of the business is to protect the interest of the
shareholders, customer, employees, competitors and governments in their products and services
(Dyer, 2018). The actions and policies of the sackler business family affects the behaviour of the
shareholder towards the products and services of the company that they will not happy with their
harmful products and services.
The sackler business family loses the confidence of the customer towards their product6s
and affects the success and growth of the business. The narcotic pain reliever produces by the
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sackler business family affects the people became addictive and results in the major deaths of the
people in the America. These incidents reduces the trust of the customer in the company and
leads to the failure of the business. So the unethical behaviour in the business affects effective
functioning of the company and leads to the heavy of the life of the people by consuming the
high addictive pain reliever of the sackler business family (Ferrera, and et.al., 2018).
Steps taken by the company to protect itself from the unethical behaviours of the business
In the business of the sackler family they take various step to protect from the unethical
behaviour In the company by discussing the issues and behaviour which the facing in the this
situation.
Provide knowledge and information:
The company make the effective and efficient strategies to give the full information and
knowledge about the products and give them rights to choose the products. By hiring the new
employees in their business which have the enough knowledge of the ethics so that they could
solve the problems related to the issues of the addictive drugs. If the customer have the proper
information about the product then there is increases in the trust of the employees which is
increase the image and reputation of the sackler family business (Wagner-Tsukamoto, 2016).
Customer have the right to take the full information about the products and services
Monitoring of the data and information: The proper monitoring of the activities of the
various departments the sackler family protect their business from the unethical behaviour which
is happen in the business. In the production of the products the sackler family make sure about
that the products will not get harm the health of the people and affects positively. The sackler
family faces various challenges in the business so they have to change the techniques if the
production and keep monitoring on the activities of the employees. The sackler family business
monitor the data and information of the products and services that they do not affects the health
of the customer all the function and practices are as per the business ethics (Carminati, 2019.).
The image and the reputation of the sackler business family is only increases by the conducting
the business with the ethics of the business.
Creation of the policies and the procedure: By creating the effective and the efficient
policies in the business of the sackler family protect them from the unethical behaviour in the
business. The business of the sackler family is highly affected due to the lack of the ethics in the
business. So they have to made the plans and policies to improve the functions of the business
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and wins the trust of the customer. The policies helps to make the effective image of the
company i9ncreses the satisfaction of the customer in the minds of the customer. These policies
and practices reduces the use of the products and chemical which affects the health of the
customer and reduces the satisfaction of the customer.
Hiring of the right employees: The sackler family business hire the right people in the
business which have the accurate knowledge and the skills of the ethics which make the
functions of the business as per the business laws and ethics. For the protection of the business of
the sackler family they have to select and recruit the right candidates in their business
(Tavitiyaman and Ko, 2015). These candidates behaves in the ethical manner and encourages to
attract the customer by satisfying the needs and wants of the customer.
Proper control: For protection of the business from the unethical issues the sackler
family maintains the proper controls over the activities of the business and their employees so0
that everyone works to protect the business from the problems. Control on the production of the
addictive pills in the business increase the level of satisfaction of the customer towards the
company and leads to the success and growth of the business.
Honesty: Creating the level of honesty for the customer protects the business of the from
the unethical issues which creates problems in the business. While dealing with the customer the
company must be hones which does not affects the behaviour of the customer (Wagner-
Tsukamoto, 2016). The sackler family makes the steps to provide the good products which
increases the trust of the customer.
Health safety and security: By the proper maintaining the safety of the health of
customer from the products of sackler family. They must have to take the proper actions and
practices problems which is faced by the customer from the opioid oxycotin drugs. The sackler
family business takes the various steps in their business to protect the heath of the people from
the addictive drugs. Make insure the people about the disadvantages of greater consumption of
the opioid oxycotin and these drugs will results in the problem of the death.
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CONCLUSION
From the above study it can be concluded that the unethical business cannot have the
successful business for the long period of the time. Because of the consumption of the opioid
oxycotin the People got addicted and it will affects on their health. For the success and growth of
the business there must have to make the effective image and reputation of the business and in
the above study the company does not have the ethical business. The unethical business loses the
customer base and results in the negative image of the company ion the kinds of the customer by
selling the products and services without giving the proper and clear information about the
effects of the medicines.
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REFERENCES
Books and journals:
Carminati, L., 2019. Between ethics and law. Society and Business Review.
Dyer, O., 2018. OxyContin maker stops marketing opioids, as report details payments to
advocacy groups.
Ferrera, G.R., and et.al., 2018. The Legal and Ethical Environment of Business. Wolters Kluwer
Law & Business.
Keefe, P.R., 2017. The family that built an empire of pain. The New Yorker. 30.
Mercer, C., 2019. Do the politics or business background of health care philanthrophists matter?.
CMAJ: Canadian Medical Association Journal. 191(33). p.E924.
Tavitiyaman, P. and Ko, H.C.A., 2015. Legal and Ethical Practices in Hong Kong’s Hospitality
Industry. Asia-Pacific Journal of Innovation in Hospitality and Tourism APJIHT, p.143.
Ting, A.T., 2018. Programmed Necrosis. Springer New York.
Van Way III, C.W., 2019. Bashing Big Pharma. Missouri Medicine. 116(2). p.80.
Wagner-Tsukamoto, S., 2016. Adam Smith on Management Ethics: Then and Now.
Wagner-Tsukamoto, S., 2016. Contrasting the behavioural business ethics approach and the
institutional economic approach to business ethics: insights from the study of Quaker
employers. In Order Ethics: An Ethical Framework for the Social Market Economy (pp.
195-217). Springer, Cham.
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