As an executive in a for profit pharmaceutical manufacturing company, how can yo
ID: 125448 • Letter: A
Question
As an executive in a for profit pharmaceutical manufacturing company, how can you balance the need to maximize return on investment for your investors with the need to act ethically as a participant in the healthcare arena? How would you balance these two important responsibilities? As an executive in a for profit pharmaceutical manufacturing company, how can you balance the need to maximize return on investment for your investors with the need to act ethically as a participant in the healthcare arena? How would you balance these two important responsibilities?Explanation / Answer
While making a profitable business sevral factors can play a vital role in maximum returns on investment. It may include productive and dedicated employees, consistent consumer demand, expert management teams, and careful watch over the bottom line. As an executive of pharmaceutical manufacturing company you should need to be adept knowledge on current pharmaceutical research and keen understanding on pharmaceutical financial market. You shold be able to communicate about your company information to others and this information can help fund managers and traders. During the business practice the companies philosophy management implementation can relies heavily on business ethics. It is widely proven operating company on business ethics are highly successful when compared with unethical manner operated companies. The companies profits analyzing and business ethics are equally important for maximize return on investment for company investors.
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