Scoring Rubric for Final Paper is : Structure XXXXXXXXXX10 points) The abstract (1pts), introduction (2 pts), thesis and arguments (5 pts) and conclusions (2 pts). Content (50 points) “The...

Running Head: Ethical position of the pharmaceutical industry
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Ethical position of the pharmaceutical industry
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ETHICAL POSITION OF THE PHARMACEUTICAL INDUSTRY
Abstract
    This present study aims to explain the ethical practices as well as ethical position of the pharmaceutical industry. In this particular thesis, problem analysis from various viewpoints like from the perspective of director, manager, employee, decision maker and patient have been thoroughly discussed. Additionally, ethical actions which need to be implemented and best alternative approaches to the stakeholders have also been explained here. Ethical judgments on the interest of the stakeholders, stewardship and long term value creation have also been enlightened in this particular study. Also these company need to focuse on social work to build up a long term value in the market. To maintain all these prospect each and every company, it is required a strong Mission and Value which need to followed by the Authorities. On the other hand, Government has an important role to control the ethical value chain development in business sector. Otherwise the end user like patients will be more sufferer. This is very important to balance in between stake holder's interest & patient's importance. Maintaining the internal and external stakeholder relationship will also be helpful in order to make ethical decision making in all the business organisations especially in the pharmaceutical one. So each pharmaceutical company need to deal with it strongly. So that both side will be well balanced. In this study we found that to enrich ethical decision, company need to maintain a good quality of employees. Which is more important for using advanced technology as well as maintain good quality of drugs. Developing the demand and supply chain and decision making in order to maintain integrated business style is important in the pharmaceutical industry. This study focuses on the Ethical judgement and its importance on how employee safety and security is also important to maintain the ethical decision making in the top to bottom approach with the proper mix of transitional theory and behavioural theories.
Table of Contents
Introduction    3
Thesis statement    3
Thesis and arguments    3
Problem Analysis    3
Options for Action    5
Ethical judgment    6
Reflection    8
Conclusion    9
References    10
Introduction
    Ethical positions in the pharmaceutical industry are actually developed from the distinctive various organizational ethics which stem from the drug developer and manufacturers and these factors are incorporated with culture, system compliance along with accountability. pharmaceutical companies have been observed to have maintained ethical considerations with the aim of respecting the dignity of each consumer and the autonomy in the industry.
Thesis statement
    This specific thesis will be based on a thorough discussion of ethical position and related ethical practices in the context of the pharmaceutical industry. An in depth analysis will be documented on various factors related to the ethical cycle, particularly focusing on various pharmaceutical companies.
Thesis and arguments
Problem Analysis
    It has been observed from the viewpoint of the decision maker; day by day pharmacists are becoming a moving encyclopaedia of drugs, assuring efficacy or quality of the dispensed medicine. Pharmaceutical care and pharmacists are the cause of achieving best results or outcomes that gain a patient’s aspects of life. According to eminent research scholars Bailey & Balls (2019), there are other ethical issues like privacy of the patient, patient autonomy and confidentiality of the patients. From the perspective of a member of management, manufacturers produce drugs, dosage and also developed and acquired drug licenses to use as medication. They have to follow various laws and certain regulations regarding the testing, quality control, drug marketing and safety of employees. An effective management’s foundation is the quality system that is the key point of quality assurance. Management is always focused on quality assurance which is divided into 4 major areas: Inspection of whole process, distribution of the components, production and quality control. There are certain guidelines and directions developed to maintain the procedures to achieve quality product.
    From the director’s point of view, the Pharmaceutical community traditionally had drug product focus wherein the basic business emphasis has been on the distribution of the drug. pharmaceutical industry becoming more a patient oriented profession that emphasizes the responsibility between the pharmaceutical industry and the patient for the maximum drug therapy results. On the other hand, it has been found by Chun (2019) that there is drug dispensing, medical devices and few other products required for the drug therapy, they have right to reject dispense because they dispense a drug professionally and this procedure includes giving information of various aspect related to drugs like drug side effects, their interactions with other things, recommendations of composition and dosage, warnings, cautions, storage and drug stability.
    From the employee’s perspective, the organisation has to be confirmed that their employees are properly trained on those certain laws, regulations and practice codes. It is important to make sure all employees are educated enough and practice well. According to Warner et al., (2018), big pharmaceutical organisations are expected to have large quantities of advanced devices and machineries but most of the time they lack it. The organisation has to keep their data updated because bad data storage and management will result in bad marketing. And they should increase the standards of optimizing the factor affecting the labour's safety and security financially and physically.     
    According to experts Schlemiel & Quednow (2017), the very first thing to be done in the context of pharmaceutical business is to identify the stakeholders and their caliber of influencing the decision and outcome or their level of exposure to gain or lose from the decision or outcome. Stakeholders may be affected by an effort or have an effect on effort. They can include various people from different genres who have high interest in the effort for political, educational and philosophical reasons although their colleagues and families and companions are affected indirectly by it. There are primary stakeholders, secondary stakeholders and some key stakeholders. Basic stakeholders stand to be affected directly, secondary stakeholders stand to be affected indirectly, positively or negatively. And the key stakeholders are very important within the organisation or agency engaged in effort. As stated by Van den Bogaert et al. (2018), identification and analysis of the stakeholder is necessary because it brings innovative ideas to effort, it includes various perspectives from all communal groups and sectors affected, it supports by making stakeholders an integral part of its planning, application , development and conclusion. Identification of them brings reliability to the organization and finally boosts the possibility of success.
Options for Action
    All the time no one ethical approach is accepted by...