Justice is hard work, quality products, good ideas, and fair practice. There needs to be more surveillance and monitoring on the distribution of opioids in the US and I believe that is the real problem. The overall good of the US should be affected by this decision according to CVS since they plan on really helping the epidemic by reducing addiction.
Under Individualism, the company can do whatever they like as long as it is within the bounds of the law. They are doing this to help fight the growing opioid epidemic in the United States.
The above case violate the theories of Utilitarianism, Kantianism, and the Virtue theory. A huge ethical issue that has been around for a long time now is "when is it okay for doctors to prescribe opioids.
The problem is that they choose a method that deprives the wrong people of the drug. An introduction to business ethics.
The consequences of this policy are badly affecting the patients but not directly affecting the main source of the epidemic which is why a utilitarian would label this unethical.
The majority of the addicts are secondary drug users and this policy is not going to affect these people. The upper managers want to see the most profit and gain out of the company as possible. Just the fact that they are mandating this information from their employees or else face a monetary loss is not the right thing to do.
The company feels that if they gather all of this information from their employees, they can begin to make drastic cuts to their healthcare costs, by identifying employees that are particularly costly to the company.
In this case of CVS Caremark, they are not doing the right thing to do. They are not abusers of the drug but, yet they feel like they are being punished for this opioid epidemic. The new policy was not meant to be individualistic and increase profits and by possibly losing money by this policy, you could consider this business decision the opposite of an individualistic view.
This example can also be compared to the Formula of Humanity, which states that you must not take advantage of each other or treat each other as mere means.
The third major ethical theory that will analyze this case is the theory of Kantianism. This might not even decrease any addictions in the US, it might only severely hurt the patients who need a specific amount and strength of prescription that now won't be able to get it because of this policy.
Without these virtues everyone would live in a dismal world, where there is no happiness and nothing to be excited about. The goal of reducing the prescription giving to patients who are in dire need of the effects of the drugs just to hopefully try to reduce the likelihood of addiction to these drugs by everyone in the US is irrational.
Patients with chronic pain due to disease, illness, or cancer and patients who just underwent a big painful procedure might go to a different pharmacy, so they know they will be able to receive the correct amount and strength of prescription.
The last stakeholder will be the community. To begin with, the most important group of stakeholders in this case are the employees. The shock of this epidemic is the people who are being affected. This means "your motivation is from duty and is not simply self-seeking" Salazar.
CVS stockholders will be affected by this policy being put into effect because stocks are always affected when a company is involved in ethical issues or a big business decision like this new policy. These facts and analyses are based on an original paper entitled "CVS Caremark: The utilitarian goal is to make ethical decisions that help the majority.
The chain now owns and operates 7, retail stores across the United States. A decision is considered ethical and an overall good decision if the consequences of that decision is positive and benefits the overall good. This is especially true in the area of safe prescription disposal.
The employees here are the ones who have the courage to go to work every day and work to make the company a better place. Apr 15, · CVS Caremark was founded in by Stanley and Sidney Goldstein in Lowell, Massachusetts.
The company was originally a small retail store which offered health and beauty products as well as an arrangement of general merchandise. integrity and sound business practices have helped us build a solid foundation of trust. This foundation is a valuable asset that has taken years to build, and CVS Health Code of Conduct 1 Table of Contents What We Stand For You may use the CVS Health Ethics Line to.
View Homework Help - Business Ethics- CVS from BLBU at Fordham University. CVS 1. When faced with ethical challenges, CVS has risen to the challenge. CVS Health requires all suppliers to conduct business in accordance with the CVS Health Ethics Policy and other applicable legal and ethical standards.
Please review the policy below and distribute copies of the letter to persons within your organization who participate in CVS Health business. You will be asked to telephone the CVS Health Ethics Line, operated by EthicsPoint, or visit the EthicsPoint website five-ten business days after you make your initial report.
At that time, you can check the status of your report and learn whether any additional information is needed from you to address your concern. CVS Health requires all suppliers to conduct business in accordance with the CVS Health Ethics Policy and other applicable legal and ethical standards.
Please review the policy below and distribute copies of the letter to persons within your organization who participate in CVS Health business.Business ethics cvs