UN ETHICAL MARKETING
Ethical and unethical of marketing of drugs
Business ethics also known as corporate ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspect of business and is relevant to the conduct of individual and entire organization.
There are many issues which are faced by the pharmaceutical industry across the world These issues are listed below ..
. Issue of marketing of drugs. The companies in the pharmaceutical industry spends billions of amount in advertising or marketing management .The physician and doctors are given gifts or commission to prescribed their company's medicines so ,that people can use those medicines and the company can be in profit . Increase price of drugs . In some of the cases the companies in the pharmaceutical industry charge unreasonable high price from the customers .
. Critical business situation and decision . The companies
in the pharmaceutical industry face the situation of ethical in many cases.There are various types of ethical issues which are to be handle by the company.for example a critical situation for the business may arise where the company has to cover its high cost of r&d and marketing and they charge it from customers.
Corruption and unethical practices are at every step of pharmaceutical marketing of drugs.
Corruption in the pharmaceutical marketing of drugs takes many forms such as;
.stolen of product at various points in the distribution system
.Registration of product may be insufficient or incorrect .
Business ethics also known as corporate ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspect of business and is relevant to the conduct of individual and entire organization.
There are many issues which are faced by the pharmaceutical industry across the world These issues are listed below ..
. Issue of marketing of drugs. The companies in the pharmaceutical industry spends billions of amount in advertising or marketing management .The physician and doctors are given gifts or commission to prescribed their company's medicines so ,that people can use those medicines and the company can be in profit . Increase price of drugs . In some of the cases the companies in the pharmaceutical industry charge unreasonable high price from the customers .
. Critical business situation and decision . The companies
in the pharmaceutical industry face the situation of ethical in many cases.There are various types of ethical issues which are to be handle by the company.for example a critical situation for the business may arise where the company has to cover its high cost of r&d and marketing and they charge it from customers.
Corruption and unethical practices are at every step of pharmaceutical marketing of drugs.
Corruption in the pharmaceutical marketing of drugs takes many forms such as;
.stolen of product at various points in the distribution system
.Registration of product may be insufficient or incorrect .


So are they known for their ethical principles and do they follow the code of ethics implemented by their own board of management in the field of medicine
ReplyDeleteyes they are known for their ethical principle it depend upon person to person some are following some are not following.
DeleteCorruption and unethical practices are at every step of pharmaceutical marketing of drugs which would be harmful for the customers.
ReplyDeleteIt can be harmful to the customer that they have to pay a lot for a simple medicine
DeleteCurrent content and effective
ReplyDeleteGood presentation of data but do you think can we eradicate unethical practices from our nations
ReplyDeleteIn my opinion we can reduce it but we cant vanished it.
DeleteIs this information is useful?
ReplyDeleteWell written nice content
ReplyDeleteDo you think If pharmaceutical company don't advertise their product then the sales of any drug will start??
ReplyDeleteno without advertisement of pharmaceutical company their wont be any kind of selling of drugs
DeleteMeans they have to charge extra for advertising their product? If it is correct then how you can say that it is not ethical.
DeleteI mean that after advertising the people start believing on that medicine and they use and company charge a lot for a simple medicine because they have spend alot money on advertising
DeleteIt was very helpful for me
ReplyDeleteReally inspired from you
Can we meet?
Thanks a lot bro, yes of course why not i am any time for you
DeleteIs this un ethical practise practise prevaling now also
ReplyDeleteyes, some what it is being practice now also .
DeleteHow can we reduce this unethical problems??
DeleteHow can we reduce unethical problem??
DeleteGood topic.....
ReplyDeleteKeep on with the comments,We are following
One of the modern adversities in contemporary world! Nice content.
ReplyDeleteIs it being practise now also
ReplyDelete