Ethics of Offshoring Novo Nordisk

To: Anders Dejgaard From: Jennifer Tsai Subject: Ethics of offshoring Date: 05/23/2011 Critical issued of the nicety of conducting clinical trials in uphill countries has arisen over years. Being a leading corporation in biopharmaceutical industry, Novo Nordisk faces the critiques of whether it is justice to offshoring their clinical trials in developing economies. With the consistency of respectable principles brought up by Novo Nordisk, the company would be able to move their trials into emerging economies with the best enkindle for stakeholders. I will also propose ideas to Mr, Dejgaard for possible approach path to media as well as the practices that Novo Nordisk could nurse changed over quantify at the end. Conducting Clinical Trials in Emerging Economies With Utilitarian approach, each party has different perspectives in the outcome of an action. In this case, we have shareholders, employees, customers, supply range of a function, government and local communities, with secondary stakeholders of media, special come to groups and NGOs. For customers, government and local communities, they emphasize more on the demonstration of efficacy and safety of medical products. While shareholders, employees, supply chain care more of the profitability as a square in general.

As a result, Novo Nordisk will be break in off maximizing its profits while holding their ethical justice for conducting clinical trials in emerging countries. Economic Aspect As the Nobel prize winner, Milton Friedman pointed out that making profit will be the first priority for business to fulfill social responsibility, Novo Nordisk has both right to maximize its best interest for its stakeholders include shareholders, employees, customers, suppliers, governments and local communities. From financial performance stand point, conducting clinical trials in emerging economies benefits Novo Nordisk from saving costs, accessing to larger demographic participant, obeying less strict rules applied, and establishing... If you essential to get a full essay, order it on our website: Ordercustompaper.com

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