Business Ethics: Focusing - Refining Assessment Answer

Pfizer group is one of the leading names in the pharmaceuticals sector and this company is operating on the global floors and is well renounced among the medical sector due to the innovations which are being made by this organization in the field of introducing medicines of the number of critical diseases. The mission of the business is to attain a sustainable business structure for the longer run and help the society to live a better and healthy life and also by the way of help curing diseases like cancer (Bsr.org, 2015). Moreover, they are also striving to produce medicines which would provide the healing and curing effect more and to reduce the rate of side effects by having the medicines. Therefore, their main ethical concern is to help the society to the lead a better life and assist the medical team to treat the patients or the service users in the most effective manner. At the same time, by the way of providing more useful medicines this is considered to be one of the core corporate objectives of the business to be a leader in the segment of  pharmaceutical sector in the world.     

Evaluation of the implications for Pfizer and their stakeholders to operate ethically

Pfizer group are trying to meet with the ethical considerations of the business in the effective manner. Therefore, for the purpose to meet with the ethical considerations the team is making use of the technological advancements and also with the help of efficient expertise research them the business is trying to produce the medicines which would be even effective to cure disease like cancer. The entire team of the business the employees and the managerial employees form the core stakeholders of the business and with the help of following the ethical measures the team would be able to operate responsibly and ethically (Wieland, 2001).      

Current ethical issue of Shell

Shell has been reported as one of the well- known business not only for its leadership in the production of gas and oil sector but also when it comes to meet with the ethical factor. This has also been reported in the sustainability report of the business that the management of Shell group is continuously striving to meet with the ethical factor so of the business so as to make the business all the more sustainable in nature and help the business grow by meeting with the environmental measures (misebogland, 2013). However, the Irish Corrib alcohol bribery corruption scandal questioned the ethical concern of the business and the after the case was being highlighted the Shell group to measures to hide whatever was ongoing at that time. This has questioned the approach of the business and also their commitment towards operating the business in the responsible manner and their responsibility towards the society and safeguarding the environmental factors.

Ethical issue that Shell need to address

This is evident from the current case of Corrib gas project undertaken by Shell that they have not been able to meet with the ethical consideration and also their commitment towards reducing the environmental pollutions and conducting the business operations in the responsible manner. This is mentioned in their sustainability report that the business operations are being conducted in the responsible manner and they are also trying to meet with the measures so as to reduce the environment pollution and also the application of CCS technologies by the business to reduce the rate of environment pollution (Balch, 2014). Moreover, they are also trying to imbibe the ethical considerations of the business in their employees for the effective implementations of the ethical measures. Despite of all such measures the business has not been able to meet with their commitment as reflected form the considered case of scandal. Thus, this would be desired for the entire group to meet with the environment pollution measures more effectively.

Suitable ethical codes of Shell

This would be preferable for the entire group to consider more strict measures for the purpose to reduce the rate of environment pollutions and also to set a controlling team that would further act as the guide for the business towards their ethical venture of conducting the business operations. The team would be monitoring the move of the employees of the business also of the management towards the research projects with respect to its effect on the environment and the society on the whole (Vogel, 1991).

References

Balch, O. (2014). Shell is pushed to explain its role in $1.1bn Nigerian corruption scandal. [online] the Guardian. Available at: https://www.theguardian.com/sustainable-business/shell-nigeria-oil-payment-corruption-scandal [Accessed 5 Jun. 2015].

Bsr.org, (2015). Pfizer: Focusing, Refining, and Aligning CSR with a New Strategy | Case Studies | BSR. [online] Available at: https://www.bsr.org/en/our-insights/case-study-view/pfizer-focusing-refining-and-aligning-csr-with-a-new-strategy [Accessed 5 Jun. 2015].

misebogland, (2013). New revelations in Shell Corrib Gas Corruption Scandal. [online] Available at: https://misebogland.wordpress.com/2013/07/19/new-revelations-in-shell-corrib-gas-corruption-scandal/ [Accessed 5 Jun. 2015].

Vogel, D. (1991). The Ethical Roots of Business Ethics. Business Ethics Quarterly, 1(1), p.101.

Wieland, J. (2001). The Ethics of Governance. Business Ethics Quarterly, 11(1), p.73.