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Main Subject - Introduction to Business Ethics
Is it possible for an individual with strong moral values to make ethically questionable decisions in a business setting? What affects a person's inclin
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ation to make either ethical or unethical decisions in a business organization? Although the answers to that question are not entirely clear, there appe
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ar to be three general sets of factors that influence the standards of behavior in an organization; individual factors, social factors and opportunity.
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
Several individual factors influence the level of ethical behavior in an organization. An individual's knowledge level regarding an issue can help to d
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
etermine ethical behavior. A decision maker with a greater amount of knowledge regarding an object or situation may take steps to avoid ethical problems
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
, whereas a less-informed person may unknowingly take action that leads to an ethical conflict. One's moral values and central, value-related attitudes
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
clearly influence his or her business behavior. Most people join organizations to accomplish personal goals. The types of personal goals an individual a
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
pires to and the manner in which these goals are pursued have significant impact on that individual's behavior in an organization.
A person's behavior
A person's behavior
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
in the workplace is, to some degree, determined by cultural norms, and these social factors vary from one culture to another. For example, in some count
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ries it is acceptable and ethical for customs agents to receive gratuities for performing ordinary, legal tasks that are a part of jobs, whereas in othe
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
r countries these practices would be viewed as unethical and perhaps illegal. The actions and decisions of coworkers is another social factor believed t
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
o shape a person's sense of business ethics. For example, if your coworkers make long-distance telephone calls on company time and at company expense, y
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ou might view that behavior as acceptable and ethical because everyone does it. Significant others are persons to whom someone is emotionally attached-s
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
pouses, friends, and relatives, for instance. Their moral values and attitudes can also affect an employee's perception of what is ethical and unethical
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
in the workplace.
Opportunity refers to the amount of freedom an organization gives an employee to behave ethically if he or she makes that choice. In
Opportunity refers to the amount of freedom an organization gives an employee to behave ethically if he or she makes that choice. In
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
some organizations, certain company policies and procedures reduce the opportunity to be unethical. For example, at some fast-food restaurants, one pers
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
on takes your order and receives your payment and another person fills the order. This procedure reduces the opportunity to be unethical because the per
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
son handling the money is not dispensing the product, and the person giving out the product is not handling the money. The existence of an ethical code
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
and the importance management places on this code are other determinants of opportunity. The degree of enforcement of company policies, procedures, and
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ethical codes is a major force affecting opportunity. When violations are dealt with consistently and firmly, the opportunity to be unethical is reduced
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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