Discussion Post
Review Business Ethics Flashpoint 8.1: Creator/Consumer Balance. This section of the text portrays negative actions by pharmaceutical and healthcare companies, but there have also been positive examples during the COVID-19 pandemic as companies set aside competitive interests to provide testing, equipment, and research in a more collaborative manner.
In your discussion, respond to these questions posed in Flashpoint 8.1:
a) How should a for-profit corporation balance its business needs with the needs of its customers?
b) Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?
c) Look at the issue from a Biblical worldview. How would you respond if you were running such a company?
Your thread must explain how you achieve the creator/consumer balance, considering, e.g.,:
a) Profit and return on investment for company owners/shareholders
b) Continuing existence of the company
c) Protecting the intellectual property of the company
d) Needs of patients, practitioners and society.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.