My theory also is that eventually people will start bidding on artificial organs and the richer people will have say over a family that doesn't have a lot of money. If doctors wanted to replace original organs with artificial ones, it would take a lot of perfecting and obligating a clean bill of health for the patient. Who, if anyone, should be a prime candidate for these types of artificial/synthetic replacements? Do you feel that anyone should have access to them? Even a life-long smoker or alcoholic who knowingly subjected themselves to harmful substances?
Investors investing in an IPO are aware that it takes time to see a solid return/profit when a company is expanding into new ventures and that risks are involved. Most importantly, investors know that a risk has to be taken for continued growth and for the health of the company. CanGo needs to offer an IPO so that they have the funding to expand and grow. Issue 4 Hidden costs The team at CanGo hasn’t even considered what the hidden costs to the business might be if they branch out into the new projects they are currently exploring. They are not adding additional staff, equipment, or software so spreading the resources out could cause the quality of the existing products to suffer.
The first issue was realized before the RFP proposal was submitted. Gary realized the original material did not meet the specified temperature required by Space Technology Industries (STI). They continued to have technical issues with alternate test matrix and with the new materials. Later in the project, they found the new material met the required temperature but it would last less than five years. Gary encountered ethical issues when the proposal was submitted that the material could withstand up to 155 degrees which is a stretch because the material could only withstand up to 130 degrees, using STI’s money to test new materials without informing them, withholding information about the age life of the new material and not sending out the technical data ahead of time to the clients so they could analyze it before the meeting allowed the clients to question Gary’s integrity.
The new electronic system not being implemented is like going through life with a contagious deadly disease, you have the money for the cure, but yet you complain, sulk, and feel sorry for yourself instead of going to get the cure. It makes perfect sense to implement this new electronic system and nobody should think
After lost lawsuits, the years went by and several management rotations occurred. Competition and learned lessons helped the enterprise to change its core values. Like all human endeavors, errors will always be present. We cannot judge a multinational company for the bribery issue in Indonesia which involved only few workers. One of the remaining ethical issues and the one that gives pause to stakeholders about the viability of GM products is the possible harm to human health.
One of the biggest concerns was the cost that Sewickley Valley Hospital would incur before receiving the stimulus money. This startup cost would include money for training and the possibility of bringing an outside organization to help implement the change. There were discussions about promoting employees who have stronger computer skills over the employees who have more seniority. The team also had to make the decision about which system was pertinent to Sewickley Hospital. Management also discussed the possibility of those employees who had no intention in learning the skills conducive to function in an EMR based facility.
Before they made any decision, they should hold an ethical meeting about the improvement of fuel tank, if they would change their mind by paying more then people would not have to die. In this case, I think Cost-benefit analysis should not be use in this case, because it is very unethical and inhumanity to determine a number of life that have to sacrifice, just because the unwillingness of Ford to pay more for the adjustments of fuel systems. When applying cost benefit analysis in this case study, Ford will either improve the fuel tank or chosen not to go ahead with the fuel tank adjustment, then at least 180 will burn to death, 180 will be injuries, and 2100 vehicles will be burned. Ford was making a decision based on numbers that seems to be right, but it is allowing a certain number of people to die or be injured even though they could have prevented it with paying more for the alteration of fuel tank. This seems to be a disregard for human life.
(b) How would you implement your recommendation? Enter the market as soon as possible, thus leveraging the early mover advantages such as brand loyalty and market share. Obtain the patent for the technology so that the competitors cannot copy the technology and if they did copy they cannot sell it till the patent has expired. Establish partnerships with U.S subsidiaries who know how the market operates and have some experience in reaching out to the market. Conduct studies with medical professionals in the U.S such as surgeons so that the awareness of the CT scanner’s superior technology reaches out faster and thus recommended by medical professionals.
The optimists are idealists that hope that nothing will go wrong with the manipulations. However, skeptics analyze the situation more and wait out for more concrete evidence. The altered cow’s milk might not have any side effects at this moment, but it may be dormant until later in life. The milk producers will be able to bring in a high yield of milk annually if the gene manipulation works, however, they will not be able to convince the countless skeptics that genetically altered cows produce a safe product. Instead of profiting from a high yield the producers will lose customers because of their anxiety towards the foreign milk.
If Datril decides to employ the second option, I do think they may be able to gain some market share from Tylenol’s existing customers, however if the drugs are identical, the only competitive advantage is price. Unfortunately, price is one the easiest advantages for a company to counter attack. Because Tylenol is the market leader of acetaminophen, they can employ the defense strategy and be successful in their counter attack Bristol-Myers. If Tylenol lowers their prices to match Datril’s, there will be no advantage in the market. The other risk with this option is the longevity of any marketing materials created.