ADM 1101 Lecture Notes - Lecture 4: Corporate Social Responsibility, Onchocerciasis, Prescription Drug
4 Oct 2016
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Merck is a drug development and manufacturing company that focuses on producing drugs for the main purpose curing illness and focuses on the needs of humanity before the desire for profit. Merck created and manufactured a drug to cure river blindness in africa, and since they did not receive any clients interested in purchasing the drug, they decided to manufacture and distribute it for free for life. Corporate social responsibility is the way that a corporation achieves a balance among its economic, social, and environmental responsibilities. Csr, though csr is a widely accepted and expected characteristic of business. There are 3 different views refering to csr: amoral, personal, and social views. Every corporation classifies as either a program or as an approach. As with anything business related, there are also barriers to csr. Whether they would invest or not in the drug for river blindness . 85 million at risk of the disease. Disease bad in some regions in africa.
