MGMT 3000 Lecture Notes - Lecture 3: Corporate Social Responsibility, Mylan, Epinephrine Autoinjector

• School: University of Georgia
• Department: Management
• Course: MGMT 3000
• Professor: charleswaynelyons

Document Summary

Did mylan have an ethical duty or social responsibility to refrain from fully exercising its pricing power and continually raising the price of an epipen pack to more than for consumers in the u. s: yes. Ethics- the study of moral standards and their effect on behavior and conduct. Morality- the standards that people use to judge what is right or wrong, good or evil. Ethical behavior follows accepted principles of right and wrong. The moral development of the manager: preconventional morality- children, conventional morality- follow the basic conventions of society, post conventional- few people reach this, setting the standards, john at whole. Distributive justice- subset of justice that deals with the distribution of wealth and prosperity among members of a society. Procedural justice- subset of justice claiming that rules should be clearly stated, consistently obeyed, and impartially enforced. Conflicts of interest- every ethical dilemma involves a conflict of interest!!!