21 May WHAT ARE SOME SPECIFIC ETHICAL VALUES/ISSUES RELATED TO THIS SCENARIO?
General Instructions: Please create 2 separate posts for each Learning Activity. Use in text cites in APA format; write in paragraph format. Label all parts for each LA.
Learning Activity 1: due Thursday, Mar 17, 11:59 pm ET
Read the scenario below and respond to the questions following.
Scenario: Company X, a multinational manufacturing company based in the US, produces and sells boxed cereals. X grows some of the grain used in its cereals, and buys the other ingredients for its products from suppliers in the US and overseas. X has an existing Corporate Social Responsibility (CSR) program called Breakfast First through which it donates cereal products to homeless shelters, and to the Red Cross for distribution to areas where needed; . X is considering spending even more money to to create one or two new CSR programs.
Do one (1) of the following – only one:
Assume the role of Milton Friedman addressing top management and the Board of Directors for Company X. Friedman’s role is to recommend against the new CSR program for X; he must explain and justify his theory that the “business of business is business…†and the primary focus of a business is maximizing profits is also ethical.
Write your response in the form of a memorandum to management and the Board of Directors from Friedman or write your response in an essay/speech type format.
OR
Address top management and the Board of Directors for Company X recommending that X create the new CSR program; explain and justify this position with another ethical theory, and explain why Friedman’s theory is not the best approach for X (you must address Friedman’s theory in addition to another ethical theory).
Discuss Friedman’s theory and another theory in depth and how it can be applied to this scenario – please do not just define a theory. Cite to at least 3 assigned materials from week 4 in your response. In addition, you may cite to assigned materials from prior weeks.
Respond in 3-4 paragraphs.
Learning Activity 2: due Thursday, Mar 17, 11:59 pm ET
Read the scenario below and respond to the questions following.
Scenario: Meds, Inc. (Meds) is a large, successful pharmaceutical company. One of Meds’ products, ArthiFlex, treats arthritis and has been on the market for over 5 years with no problems among users; it is extremely profitable for Meds. Recently, there are reports from patients, via physicians, that ArthiFlex is the possibly the cause of frequent headaches and/or skin rashes among long-time users of ArthiFlex.
Meds is engaged in research and testing of ArthiFlex to determine if it is the cause of headaches and skin rashes among long time users, but the results are unclear. Meds has determined that further and extensive research and testing is needed to have clear, factual evidence.
The shareholders are trying to sell Meds, and the Chief Executive Officer (CEO) has decided it is not necessary to pull ArthiFlex from the market, but that research and testing should continue.
A. What are some specific ethical values/issues related to this scenario?
Please refer to Toolbox and review examples of “Ethical issues v Dilemma ….â€; ethical issues are specifically defined words or phrases, i.e., respect for human life, etc.
Respond in 2-3 paragraphs.
B. How couldall internal stakeholders be affected by this scenario?
Respond in 2-3 paragraphs.
LA 1 and LA 2 Discussions: due Sunday, Mar 20, 11:59 pm ET:Respond to at least 1 other post each for LA 1 and for LA 2 with an interactive, substantive, comprehensive reply that promotes further discussion.
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