[SOLVED] PURDUE PHARMA :involvement in opioid crisis and to be restructured under new company name, “Knoa Pharma”

[SOLVED] PURDUE PHARMA :involvement in opioid crisis and to be restructured under new company name, “Knoa Pharma”

TOPIC: PURDUE PHARMA :involvement in opioid crisis and to be restructured under new company name, “Knoa Pharma” (see https://www.nytimes.com/2022/03/03/health/sacklers-purdue-oxycontin-settlement.html )
1. Provide a brief introduction of the organization, including its industry or line of business, and product or service. Assume that the reader does not know this business.
2. Research the situation summarized below regarding the organization’s ethical failure. Offer a brief explanation of what happened, and your thoughts on the cause(s) of this
ethical failure.
3. Imagine that due to this situation, the CEO and board of this company decide to
transform from an economic model toward a stakeholder or integrative model of
corporate social responsibility. They ask you to provide an executive summary of
which model the company should use, and what this new direction might look like.
Some questions you should answer include:
a. Which CSR model more appropriately fits the business’s mission and values?
b. Are their stakeholders on whom the business should focus in this new direction?
c. Which ethical philosophical frameworks do you believe should guide the business
leaders? Why?
d. Identify a potential program, activity, or strategy that the business should take up
in advancing this new direction.
e. How would this new direction reflect upon and/or address the ethical failure(s)
discussed above?
 In your analysis, you may use any quality sources you believe are relevant. However, you
must consider and reflect upon the article provided below and at least three of the
following:
 “Business Roundtable Redefines the Purpose of a Corporation to Promote an Economy
that Serves All Americans”. Announcement available at:
https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-
corporation-to-promote-an-economy-that-serves-all-americans
 The UN Global Compact’s Ten Principles for Business. See
https://www.unglobalcompact.org/. (*check to see if your company is a signatory to the
Global Compact)
 Friedman, Milton. “A Friedman Doctrine – The Social Responsibility of Business is to
Increase its Profits.” New York Times, September 13, 1970.
 NYT Dealbook. “Greed is Good, Except When It’s Bad.” New York Times, September
13, 2020. Available at https://www.nytimes.com/2020/09/13/business/dealbook/milton-
friedman-essay-anniversary.html (be sure to refer to the specific author whose opinion
you are discussing)
 The United Nations Universal Declaration of Human Rights. Available at
https://www.un.org/en/about-us/universal-declaration-of-human-rights
 Carr, Albert Z. “Is Business Bluffing Ethical?” Harvard Business Review, January 1968.
Available at: https://hbr.org/1968/01/is-business-bluffing-ethical
Include a Works Cited list, in proper MLA format, at the end of your paper. While you
must use a minimum number of four sources, five to seven sources are suggested to ensure a
thoughtful and supported paper.


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