Review Business Ethics Flashpoint 8.1: Creator/Consumer Balance. This section of the text portrays negative actions by pharmaceutical and healthcare companies, but there have also been positive examples during the COVID-19 pandemic as companies set aside competitive interests to provide testing, equipment, and research in a more collaborative manner.
In your discussion, respond to these questions posed in Flashpoint 8.1:
How should a for-profit corporation balance its business needs with the needs of its customers?
Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?
Look at the issue from a Biblical worldview. How would you respond if you were running such a company?
Your thread must explain how you achieve the creator/consumer balance, considering, e.g.,:
Profit and return on investment for company owners/shareholders
Continuing existence of the company
Protecting the intellectual property of the company
Needs of patients, practitioners, and society
See the Read: The CEOs of Nearly 200 Companies Just Said Shareholder Value is No Longer Their Main Objective
Biblical support and guidance for your positions
Any other legal and ethical concepts you believe may be relevant
Sample Solution
