Assignment 3: Not All Companies Are Viewed as Equal
Due Week 6 and worth 125 points
In the land of free trade, the public does not view all industries as equal. Do you believe that is ethical? Do you believe that some industries are unfairly targeted? Should it be consumers’ choice to partake in products that are not healthy for them, or do those companies have an ethical obligation to protect people? In this assignment, you will choose from one (1) of the following industries to write about:
The pharmaceutical industry
The payday loan industry
Cloning for medical purposes
Write a paper in which you:
Become an advocate for either the consumer or the industry. Prepare an argument explaining the major reasons why you support either the consumer or the industry.
Discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail. Justify your response.
Use at least two (2) quality references. Note: Wikipedia and similar Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
The specific course learning outcomes associated with this assignment are:
Determine the considerations for and process of ethical business decision making to balance corporate and social responsibilities, and address moral, economic, and legal concerns.
Analyze selected business situations using the predominant ethical theories, such as utilitarian, Kantian, and virtue ethics to guide ethical business decision making.
Use technology and information resources to research issues in business ethics.
Write clearly and concisely about business ethics using proper writing mechanics.
There has been an ongoing debate on the ethical issues, social and biological issues in the cloning for medical purposes. The main opposers of the cloning are the religious institutions and conservative politicians, while the primary supporters are the scientific community. The cloning has made medical benefits that will positively to the health sector; therefore, the companies that research on cloning can serve their interest and consumers jointly.
I support the cloning for the medical purpose because of various reasons. The first reason is that the general public is misinformed by politicians and other leaders about the dangers of human cloning. Most of the leaders who are against the cloning are not scientists, thus they lack the technical capabilities to explain the dangers of cloning. One of the primary arguments of the individuals that oppose cloning argue that cloning is inheritably unsafe due to high failure rates, however, the rebuttal to this argument is that, like any other medical technology, cloning carriers a risk of failure.
Another reason for the support of the cloning companies is that the cloning is currently in use in the medical sector. For instance, bacteria and viruses have been used in the medical sector to produce vaccines. Some of the vaccines that have developed using the cloning technologies include Hepatitis B virus (HBV) vaccine, bacille Calmette-Guérin (BCG) for tuberculosis, pneumococcal disease, whooping cough, among others. These vaccines have enabled the reduction of morbidity and mor ………….