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Orange and Brown Illustration Business Report Presentation - 20250313 - 101529 - 0000

The document discusses the concept of fair pricing, highlighting its importance in economics and the challenges faced in achieving it, particularly in the pharmaceutical industry. It emphasizes the need for ethical decision-making in organizations to foster integrity and accountability, while also addressing issues like sexual harassment and the necessity for management of such social problems. Overall, it advocates for transparency, ethical practices, and the protection of consumer rights to ensure a balanced economy.

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8 views11 pages

Orange and Brown Illustration Business Report Presentation - 20250313 - 101529 - 0000

The document discusses the concept of fair pricing, highlighting its importance in economics and the challenges faced in achieving it, particularly in the pharmaceutical industry. It emphasizes the need for ethical decision-making in organizations to foster integrity and accountability, while also addressing issues like sexual harassment and the necessity for management of such social problems. Overall, it advocates for transparency, ethical practices, and the protection of consumer rights to ensure a balanced economy.

Uploaded by

2023100368bp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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THE PROBLEM

OF PAIR
PRICING
INTRODUCTION
Fair pricing is a critical concept in economics
and business ethics. It refers to setting prices
that are reasonable, justifiable, and beneficial to
both consumers and producers. A fair price
ensures that consumers receive good value for
their money while allowing businesses to earn a
sustainable profit. However, achieving fair
pricing can be challenging due to various
market dynamics, competition, and unethical
practices.
ISSUES/ PROBLEMS :

A well-known example is the pharmaceutical


industry, where life-saving drugs are sometimes
priced extremely high, making them
inaccessible to lower-income individuals. For
instance,
MISSION insulin prices in the U.S. have been
criticized for being disproportionately high
compared to other countries, leading to
debates about whether pharmaceutical
companies are exploiting patients.
CONCLUSION
Fair pricing is essential for a balanced economy
where both consumers and businesses thrive.
Governments and regulatory bodies play a
crucial role in preventing price exploitation
through laws and policies. Businesses should
also adopt ethical pricing strategies to build
trust and long-term success. By ensuring
transparency, competition, and reasonable
profit margins, fair pricing benefits both the
economy and society as a whole.
ETHICAL DECISION -
MAKING PROCESS
IN ORGANIZATIONS
INTRODUCTION
organizations is a structured approach where
individuals or teams identify and evaluate
potential ethical dilemmas, considering relevant
information, stakeholder perspectives, and
organizational values, to make choices that align
with moral principles and promote positive
outcomes for all parties involved.
SOME ISSUES/
PROBLEMS:

•Lack of Transparency
•Conflict of Interest
•Social Responsibility
• Implementation of Ethics Training
CONCUSSION
The ethical decision-making process in
organizations is crucial for fostering integrity and
accountability. It involves identifying ethical
dilemmas, considering stakeholders'
perspectives, evaluating options through
established ethical frameworks, and making
decisions that align with core values. Engaging all
levels of the organization in these discussions
promotes a culture of transparency and trust,
ultimately guiding sustainable and responsible
practices.
SEXUAL
HARASSMENT
SOME EXAMPLES OF
SEXUAL HARASSMENT

asking for sex in exchange for a benefit or a


favour.
repeatedly asking for dates, and not taking “no”
for an answer.
demanding hugs.
making unnecessary physical contact, including
unwanted touching.
using rude or insulting language or making
comments toward women.
CONCLUSION

Street harassment is an illegal act that has


overtime become a social issue, which
requires management. Whistling, catcalling,
sexual abuse, and mishandling individuals
in a demeaning manner are among the
major activities that street harassers
perpetrate on their victims.

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