Ethical Problems and Solutions with Tylenol and Enron
| Ethical Problems and Solutions With Tylenol and Enron | | |
Many large corporations are often are faced with ethical issues that determine the success of the company. Two of the most famous companies that were faced with ethical dilemmas was Johnson and Johnson and Enron. One of these companies was able to deal with their ethical dilemma correctly and it saved the company, while the other company did not properly handle its ethical issues and it resulted in the collapse of the company.
In the late 1900’s Johnson and Johnson produced a pain killer called Tylenol. Tylenol was a very successful product in the US. Tylenol was responsible for 19 percent of Johnson & Johnson's corporate profits during the first 3 quarters of 1982. Tylenol was the major leader in the painkiller industry.
On Wednesday, September 29, 1982 a sick girl in Illinois took an Extra-Strength Tylenol and later on in the evening was sick and rushed to the hospital which pronounced her dead. This girl was one of seven Chicago residents to die after taking the Extra Strength Tylenol. The following day ( Thusday, September 30th) the executives of Tylenol where notified about the crisis. Johnson & Johnson, the maker of Tylenol, were faced with a huge ethical issue, people where dying from their product and they had no idea why, should they pull all of the Tylenol products off the shelf in stores and suffer a major lose? Or should they play it out and see what happens? On Thursday afternoon, Johnson & Johnson announced a recall to all Tylenol bottles that had the code number MC2880. This meant that they had been manufactured at the company's Fort Washington factory. The Fort Washington plant had distributed in to all states east of the Mississippi River. On the same day the executives of Johnson and Johnson immediately alerted consumers across the nation, thought the media, not to consume any type of Tylenol product. On Friday September 31st, one day after the recall
Many large corporations are often are faced with ethical issues that determine the success of the company. Two of the most famous companies that were faced with ethical dilemmas was Johnson and Johnson and Enron. One of these companies was able to deal with their ethical dilemma correctly and it saved the company, while the other company did not properly handle its ethical issues and it resulted in the collapse of the company.
In the late 1900’s Johnson and Johnson produced a pain killer called Tylenol. Tylenol was a very successful product in the US. Tylenol was responsible for 19 percent of Johnson & Johnson's corporate profits during the first 3 quarters of 1982. Tylenol was the major leader in the painkiller industry.
On Wednesday, September 29, 1982 a sick girl in Illinois took an Extra-Strength Tylenol and later on in the evening was sick and rushed to the hospital which pronounced her dead. This girl was one of seven Chicago residents to die after taking the Extra Strength Tylenol. The following day ( Thusday, September 30th) the executives of Tylenol where notified about the crisis. Johnson & Johnson, the maker of Tylenol, were faced with a huge ethical issue, people where dying from their product and they had no idea why, should they pull all of the Tylenol products off the shelf in stores and suffer a major lose? Or should they play it out and see what happens? On Thursday afternoon, Johnson & Johnson announced a recall to all Tylenol bottles that had the code number MC2880. This meant that they had been manufactured at the company's Fort Washington factory. The Fort Washington plant had distributed in to all states east of the Mississippi River. On the same day the executives of Johnson and Johnson immediately alerted consumers across the nation, thought the media, not to consume any type of Tylenol product. On Friday September 31st, one day after the recall