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Ethics and Corporate Responsibility in the Workplace and the World

In: Business and Management

Submitted By zoso817
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Key Stakeholders Depending on the company or marketing being considered, a stakeholder can have many different characteristics. Generally, a stakeholder is a person, group or organization that has interest or concern in an organization. Some of the characteristics that might be common to all stakeholders is they stand to gain or lose through the success or failure of the company; they are affected by the output of the company; or the company may be otherwise accountable to this stakeholder.
PharmaCARE has several stakeholders that will continue to watch their progress in Colberia. The primary stakeholders are its shareholders/stockholders who will always seek a return on their investment (ROI). Every decision PharmaCARE makes will either increase or decrease RIO; this can be in the long-term or the short-term. PharmaCare additionally need to be concerned with opinions from members of Capitol Hill. Since they have a strong lobby, members of the Hill will be very interested any progress, or lack of progress that PharmaCARE makes regarding the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Communities and the indigenous works within Colberia are also stakeholders of PharmaCARE; success or failure could be the difference between prosperity or poverty for Colberia. This is also true of PharmaCare’s regular employees and management; success or failure could mean loss wages, or bonuses.
Human Rights Issues
One of the areas that PharmaCARE should address immediately is the human rights issues associated with their work force in Colberia. They currently treat their indigenous works with little regard, low pay and harsh working and living conditions; while catering to their executives with luxury billeting, and other recreational luxuries. Not addressing these issues immediately will ruin PharmaCARE’s reputation globally, leave room for…...

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