Preview

Tarnished Golden Rule Analysis

Good Essays
Open Document
Open Document
725 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tarnished Golden Rule Analysis
In the article The Tarnished Golden Rule written by Lucy P. Marcus she talks about how big corporations are more focused on making a profit then making sure the consumer is happy and able to use the product safely and correctly. Marcus is the CEO of a company called Marcus Venture Counseling the company is built to help companies figure out what to do with there money. So she deals with big CEO’s and their money on a daily basis so she know how they are with their money and how much they care about making more. In this article she tries to convince corporations to become more honest with their consumers, she uses the example of a company called Theranos that caused many people to get wrong information that in some cases caused death. Theranos is a healthcare company that was so focused on making a quick buck they didn’t stop and check their work enough that their blood testing systems were giving out incorrect information.

Theranos is just one example of a business doing this, a more recent example would be the Samsung Galaxy Note 7 that was released and sold to consumers who had no idea that if the phone got to hot it would explode. It took at least 20 different instances of the phones exploding before they finally recalled them all. The bigger corporations are ignoring the consumer and this is causing problems all around the world big and
…show more content…
Marcus makes the argument that corporations are treating us unfairly but she has not looked much into the instances that are actually killing people and businesses are facing little to no time for the killings and suffering of their employees. She says in her article “The reciprocity norm has been virtually omnipresent since the dawn of human civilization. Yet we cannot take it for granted. We must not lose sight of its value, in our personal or professional lives, and we must not allow our leaders to do so, either.” meaning we need to step up and stop these innocent deaths and critical injuries from

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The affect of the unethical behavior has changed the profitability of the company drastically but is now starting to regain their name with the new CEO pillmore and he has worked hard to reestablish the company’s integrity. He has also set new guidelines for ethical conduct and has…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Bus 670 Final Paper

    • 2629 Words
    • 11 Pages

    When a consumer or manufacturer finds a product with a defect that has or may cause injury to others using or consuming a product a product recall occurs. Product recalls are not limited to individual industries. In almost all industries, from food to automobiles, recalls have happened. When product recalls usually occur it ends in the manufacturer usually giving back the consumer their money or replacing the product with no additional charges (Mays, 2009). There are organizations set up that closely monitor organizations. Monitoring organizations give the consumer the protection and satisfaction from products that are harmful.…

    • 2629 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Fly Hopsin Summary

    • 1019 Words
    • 5 Pages

    " Hopsin talks about the series of unfortunate events formulated by the big corporations. Big corporations have Americans conditioned to believe whatever they tell us. To successfully conduct marketing big corporations avoid using propaganda but instead they will appeal to customers emotions, leading them to believe they are being done a favor. Big corporations have sabotaged the health, potential wealth, and lives of Americans as they continue to illuminate the masses. A few main stream big corporations include McDonald's, Nike, Disney just to name a few.…

    • 1019 Words
    • 5 Pages
    Good Essays
  • Good Essays

    An article was chosen from the University Library to evaluate the issue of unethical business research conduct. The article chose is called Flacking for Big Pharma: Drugmakers Don't Just Compromise Doctors; They Also Undermine the Top Medical Journals and Skew the Findings of Medical Research . The identification of the unethical business research involved in the article is given. The parties involved along with effected party is mentioned. The evaluation of the article also identifies how the unethical behavior affected the organization, injured party, and society. A proposition of how the unethical behavior could be avoided is proposed.…

    • 738 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Ethics and Pharmacare

    • 2854 Words
    • 9 Pages

    Compare PharmaCARE’s actions with those of at least one real-world company whose creativity in skirting legal technicalities led to ethical lapses and financial loss. Be able to determine the success PharmaCARE and WellCo shareholders would have in suits against the companies. Determine whether or not PharmaCARE lives up to its brand. Recommend at least three changes PharmaCARE can make to be more ethical going forward.…

    • 2854 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    This paper will examine the ethics of a pharmaceutical company by the name of PharmaCARE. Stakeholders will be discussed, and the treatment of rank and file workers versus executives will be analyzed. Also the proposed firing of three of PharmaCare’s workers will be debated. Additionally obligations, protection, and whistleblowing opportunities will be examined on behalf of Allen a manager for the company. PharmaCARE’s environmental initiatives will be assessed and compared to their efforts to stop environmental laws and regulations. The Environmental Response, Compensation, and Liability Act ( CERCLA) will be reviewed, and all provisions which apply to the PharmaCARE scenario will be discussed.…

    • 1672 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    The Healthsouth Debacle

    • 7386 Words
    • 22 Pages

    HealthSouth Corporation is the largest operator of rehabilitation hospitals in the United States. Since the company’s inception in 1984, HealthSouth has garnered the attention of Wall Street and millions of investors. However, the attention was because the iconic HealthSouth was involved in one of the largest accounting fraud scandals in United States history. HealthSouth’s founder and CEO, Richard M. Scrushy, was also the inventor of the entire scheme that defrauded the government and private investor out of $2.5 billion dollars. The HealthSouth scandal provides a look at several different legal cases involving civil and criminal charges, as well as administrative liabilities. HealthSouth also provides ample opportunity to evaluate the ethical implications of its behavior. The HealthSouth debacle still leaves one with several unanswered questions. How did HealthSouth avoid detection for so long? Could this scandal have been detected earlier? HealthSouth is an excellent example of corporate turmoil from a legal and ethical perspective.…

    • 7386 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    A product-harm crisis is defined as “A highly publicized event caused by a product being found to be defective, contaminated or even harmful to consumers” (1). “A crisis is an event developed through complicated processes that causes extended damages and potentially affects an entire organization” (2). “Crises are often difficult to anticipate and, realistically, to prevent; this is why many researchers emphasize on pre-crisis management practices such as risk analysis, efficient training of crisis management units and so on” (2). The magnitude of importance intensifies when the actions of a company responding to a product-harm crisis fails. The negative effect on the competitive…

    • 848 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The ethics simulation game is designed to teach us how to make ethical decisions especially when the company is facing challenging times. Making ethical decisions is not an easy task when ones decision will possibly have a great impact on each of the company’s stakeholder, whether they are shareholders or customers, in different ways. In this simulation, the company in focus is G-BioSport which specializes in sports nutrition and supplements sells. This company has so many great core values but the one that really stood out for me was the Customer Focus one, which says that “We keep our customers in mind during all our actions”. As I went through this simulation as the Quality Manager of G-BioSport, I kept this core value and the standards designed in company’s Code of Ethics as listed in the Quality Management Internal vs. External Standards, in the forefront of my decision making.…

    • 1004 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Phase 3 IP

    • 841 Words
    • 3 Pages

    Companies have affected their customers negatively in many, many ways by being careless, negligent and putting out products that can be tainted or altered in some way and have been very harmful to one 's health even to the point of death by use. Many people are unaware of some recalls and continue to use whatever product it is that is defective or contaminated. I will be talking about a couple of different companies and touching on what they have done or not done in order to correct a problem with their product/s that have been recalled. There are a lot of reasons as to why companies do not take action right away such as losing profits, losing customers, being sued or even going bankrupt. Having a positive image is should be on the top of the ethics list.…

    • 841 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In recent years, it has become an increasingly popular practice for drug companies to perform their clinical testing of new drugs in foreign countries that might not have the consumer protections of product liability laws present in the United States. Please answer each of the following questions using a theory studied in Module 2 specifically and thoroughly and using examples and facts from the readings and resources.…

    • 839 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Interviewing corporations such as the American Heart Association, the American Diabetes Association, and the American Cancer Society, Anderson was quickly deferred from many questions he asked. Since these corporations were ignoring his strong arguments, it draws more attention to what true facts they are hiding and the reasons as to…

    • 548 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Journalist Thomas Donaldson (1982)argues that with the fortifying of a company come along not only bigger profits but also widen social as well as ethical issues that inevitably arise with and that must be inevitably addressed in order to maintain a good image of the company itself.…

    • 1725 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Sicko

    • 1421 Words
    • 4 Pages

    This topic is fraught with anger and emotion, and someone needs to stick it to the ruthless corporations that deny funding for life-saving operations due to loopholes and technicalities, or that tell a man they can either sew one of his severed fingers back on for $60,000, or the other finger for $12,000. When an insurance company refuses to pay for a woman’s…

    • 1421 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The “Golden Rule” is truly worth more than gold. It applies to everything, everybody, and every relationship that has ever existed. This highly emphasized “rule” is somehow stated in every religion and belief system of both early and modern civilization. In Judaism, “You shall love your neighbor as yourself”; Christianity, “Whatever you wish that men would do to you, do so to them”; Islam, “Not one of you is a believer until he loves for his brother what he loves for himself”; Jainism, “A man should wander about treating all creatures as he himself would be treated”; Confucianism, “Try your best to treat others as you would wish to be treated yourself, and you will find that this is the shortest way to benevolence”; Hinduism, “One should not behave towards others in a way which is disagreeable to oneself. This is the essence of morality. All other activities are due to selfish desire.” This priceless knowledge is the basis life and morality. War, discrimination, struggle, and troubles are all instigated because mankind refuses to follow such a simplistic concept. What I am willing to follow during my studies at University of Phoenix build on the rule that stands as the foundation of the morals that most people follow. As children, we have all heard of the “Six Pillars of Character”. My children even today, bring back papers from school enforcing these six pillars. Respect, caring, responsibility, trustworthiness, fairness, and citizenship are the pillars that stand tall above the golden foundation.…

    • 1344 Words
    • 6 Pages
    Good Essays