Business Ethics - GlaxoWellcome

             Business ethics is an issue that enjoys increasing importance during the last decades. The advancing society has created a complicated market for organizations to operate in and succeed. The changing conditions have forced organizations to comply with regulations and societal pressures that demand their practices to demonstrate ethical basis and reasoning. As a result, ninety per cent of the companies on the Fortune 500 Index have introduced codes of conduct concerning ethical practices. (Havers: 1999).
             However, there is a significant number of especially large corporations that have attracted media attention because of their involvement in unethical practices. Organisations such as Aventis CropScience, British American Tobacco plc, BP Amoco, Ford Motor Co, Bridgestone/Firestone Inc. Lockheed Martin Corp, Phillips Petroleum Co, Titan International Inc have been in the 'ten worst organisation for year 2000', not to mention previous years and other companies that have also been accused for misconduct (Mokhiber and Weissman: 2001). Paradoxically, the same organisations are proud for their implemented systems to monitor their codes of conduct and their involvement in community action.
             This report will concentrate on Glaxo Wellcome that has now merged with SmithKline Beecham to create GlaxoSmithKline (GSK). Glaxo Wellcome has also been in the list mentioned above. Surfing through the company's website gives visitors the idea that social responsibility is a major issue for GSK.
             "Glaxo Wellcome Inc. has a distinguished history as a highly successful and productive business enterprise that does not lose sight of the responsibilities and rewards of good corporate citizenship. GlaxoSmithKline will continue to build on that strong foundation" (www.glaxowellcome.com/community.htm).
             A number of community and company programmes are emphasized but what attracted my attention was the 'patients assistant program...

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Business Ethics - GlaxoWellcome. (1969, December 31). In MegaEssays.com. Retrieved 02:51, March 29, 2024, from https://www.megaessays.com/viewpaper/102632.html