Merck Case Study

In: Business and Management

Submitted By rsmith16
Words 2141
Pages 9
Merck & Costa Rica
Case Study

Rory S Smith
Ethics in Global Environment
State University of New York
Empire State College

Introduction Companies globally are often times scrutinize for their business practices. They face strong opposition and public humiliation when they conduct their business in an unethical way. When companies operate globally, they must ensure they are operating in a socially responsible manner. Being socially responsible is not just giving back to the local community but to be aware of any unforeseen threats that may affect the business. Many countries around the world do not have strict laws governing the preservation of their natural resources. Global companies see this to their advantage to reap the natural resources and leaving back not an ounce of guilt, for a country’s social and economic instability caused by their actions. Industries like manufacturing, pharmaceutical and oil refinery, many corporations contribute to the injustice of violating human rights and the environment. As the business world and economy evolves into a free market enterprise, many corporations continue to demonstrate poor business practices and it is becoming difficult to hold them liable for their actions. Many corporations are also being very silent about their unjust business practices and have many ways to cover up any reported abuse. Countries that experience environmental violations, should impose strict regulatory policies so that companies cannot cover up their abuse to the general public but reprimanded for not preventing them. In the Merck case study, it is evident that biodiversity has evolved to be a growing industry. However, due to rainforest being destroyed around the world, supply is scarce for many corporations like that of Merck to conduct their research initiatives. As such,…...

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