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In your judgment, did the managers of Merck have a moral obligation to spend the money needed to develop the drug for river blindness? Can you state the general moral standard or standards on which you base your judgement?
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i wrote the first half of the post now writing the second half. Stuck at the moral utilitarianism type. I mean what is the general moral? Any help?
MGT610 Business Ethics:GDB idea Solution ..
In my judgment, managers of Merck have a moral obligation to spend the Money as the case counter to the assumption that, given the choice between profits and ethics, companies will always choose the former. But Merck will benefit from this act of kindness just as they are currently benefiting from a similar situation in other countries as many companies would probably not invest in an R & D project that promises no profit but Merck management thought beyond that and some other companies often engage in outright unethical behavior. Still, habitually engaging in such behavior is not a good long-term business strategy, , though unethical behavior sometimes pays off, ethical behavior is better in the long run which Merck thought and developed that drug. Clearly Merck was not responsible for causing river blindness and Merck had no social responsibility in this case. But Merck itself saw the issue differently, its managers concluded that they did have a social responsibility to prevent a disease easily controlled by their patented drug.
“When asked why the company invested so much money and effort into researching, developing, manufacturing, and distributing a drug that makes no money, Dr. Roy Vagelos, CEO of the company, replied that once the company suspected that one of its animal drugs might cure a severe human disease that was ravaging people, the only ethical choice was to develop it.”