Essay about Vioxx Moral Issues

Vioxx Ethical Issues

Organization & Professional Ethics for Directors, Professionals & Accountants, 5e,

Leonard J. Brooks and Paul Dunn

South-Western, Cengage Learning, Mason Kansas, 2010

Instructor's Manual

Section 4 Functional Ethical Decision Making

Learning objectives ………………………………………………………2 Feasible teaching methods, using cases and readings…………………2 Answers to questions intended for discussion…………………………………….. several Case Notes……………………………………………………………….. 8 Multiple Choice Questions………………………………………………29

PowerPoints are in a independent file in www.cengage.com/accounting/brooks

COMMENTS UPON CHAPTER some:

APPROACHES TO ETHICAL DECISION MAKING

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Learning objectives

There are plenty of problems which will executives and professional accountants will deal with which will certainly not be covered explicitly within their company's code, or in their profession's code. Moreover, the guidelines provided in those codes may not be helpful in protecting stakeholder interests or may not lead to a comprehensively moral decision. Consequently, many problems will need to be put through further research and data gathering for the most ethical solution to emerge. What things to consider, as well as how to put the info together to create an ethical decision – and with any luck , the most honest decision -- is the aim of Chapter four. In particular, crucial points of learning include:

a. why classic philosophical methods to ethical decision making are so valuable, b. so why ethical actions need to take stakeholder interests into mind, c. what the fundamental hobbies of stakeholders are,

g. how to measure the impact of proposed actions on these interests, electronic. how to make these kinds of assessments complete,

f. using the approaches outlined and moral thoughts to improve dishonest decisions, and g. how to deal with problems with the commons.

Likely teaching strategies, using situations and psychic readings

My PowerPoints are available in the website at www.cengage.com/accounting/brooks. They will show the buy that I use to develop the fabric in this part. Usually, We begin with a simple case like Kardell Paper Co. or perhaps Ford/ Firestone Tire Call to mind or Betaseron to demonstrate the traditional philosophical approaches as well as the Modified 5-Question Approach to stakeholder impact analysis, and follow on using a discussion of the chapter materials. In the second class, We deal with the Pinto Case and the Moral Standards and Pastin's approaches to stakeholder influence analysis. The Vioxx Decisions case is a good one for the students to utilize as an assignment.

The Kardell Newspaper Co. Case provides a very good platform for introducing the concepts of philosophical and stakeholder examination. The stakeholders are easy to identify - typically - plus the class usually forgets to consider the unborn newborns. The discussion from the harm to the unborn is likely to accentuate the advantages of proper stakeholder analysis in order that all problems will be as part of the decision structure. The issue of delay premature ejaculation pills of the unborn also underscores the need to get ranking the stakeholders as to their very own ability to endure the influences of the proposed decision. The issue of whether to accord the environment a status on its own, or just in respect to society's present requirements is also a topic which gets the class involved.

The case seems to match the philosophical and the Revised 5-Question Approach quite well, nevertheless leads very easily to a discourse on the need to expand the method to include cost-benefit analysis rather than just profit, and social agreement ethics to guage fairness.

Students love the way this situatio exposes poorly constructed Planks of Owners, and the related discussion of " due diligence" procedures which will hooks back to the environmental material in this and earlier chapters.

The prospect of whistle blowing is one I close with. In fact , that is what happened, and it challenges the need to...