PharmaCARE’s Ethical and Legal Maladies Explained
Determine all the stakeholders in this scenario.
By definition, a stakeholder is a person, group or organization that has interest or
concern in an organization. Stakeholders can affect or be affected by the organization’s
actions, objectives and policies. Some examples of key stakeholders are creditors,
Runninghead: PharmaCARE’s Ethical and Legal Maladies Explained
directors, employees, government (and its agencies), owners (shareholders), suppliers,
unions, and the community from which the business draws its resources.
Not all stakeholders are equal. A company’s customers are entitled to fair trading
practices but they are not entitled to the same consideration as the company’s employees.
Therefore, by this definition, there are plenty of stakeholders in this scenario. We must
address PharmaCARE’s top executives, the shareholders who control the stock, the
indigenous community from where they get their materials, the lab employees and
managers, and the physicians who prescribe the medicines as well as the many patients
who took the medicines.
Analyze the ethics of PharmaCARE’s treatment of the Colberia’s indigenous
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