Though the Vioxx incident is one of the more major breaches of this implicit public contract, the issues of improper marketing -- especially in over-promoting a drug's efficacy and unethically downplaying a drug's risks -- are an industry-wide problem (OBM, 2005) for that reason, Merck and other pharmaceutical companies ought to adhere to the same standards as social marketing. Social marketing, which is generally not for a profit, is concerned only with public welfare, and thus faces slightly different ethical issues (Brenkert, 2002). Both commercial and social marketing are concerned with improving the well-being of the consumer, but in social marketing "the intended well-being of the people targeted is not simply an individual or subjective matter" (Brenkert, 2002). The same should be true of pharmaceutical marketing; though these companies must turn a profit, their main concern -- like the main concern for all other sectors and practitioners in healthcare -- should be the welfare of their patients. A simple application of the utilitarian benefit...
Marketing Management This report will be a thorough analysis of a chosen marketing management problems. In this report, the approach taken will include thorough analysis of a total of five recent studies. The thematic marketing management problem studied here will be the impact that the ethical standards can have on the entire marketing management structure. The studies chosen will be studies from five different perspectives i.e. The background of the studies
Cigarettes became popular among World War soldiers as "soldier's smoke (Randall 1999)." Camel held 45% of the U.S. cigarette market by 1923 while Philip Morris produced women's cigarette, described as "mild as May." The American Tobacco Company produced Lucky Strike for women and captured 38% of the market. The number of female teenage smokers increased three times between 1925 and 1935 alone. In the spirit of competition, the American Tobacco
Marketing Product Safety, And Intellectual Property Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Ethics and legal issues refer to the morals and principles that govern the behavior and conduct of individuals or organizations. These legal principles and ethics serve to guide and offer directions on how to act or respond when faced with moral dilemmas. Marketing, advertising and product safety are areas of importance to everyone in the community.
This is why those service providers to other businesses often stress customer results in the core industries they compete in. These customer successes show the depth of expertise in a given area. These success stories make services tangible to customers. Marketing strategies used to support this approach include the widespread use of video and interactive online materials to show the problems solved and results delivered with a service. The
This process is expected to set the motion for the future events -- (a) the children will receive the message from the manufacturer and, as susceptible to influence as they are, they will desire to purchase the product; (b) the children will send the message further to the parents, and most likely, will influence a favorable purchase decision; (c) the advertised item is bought; (d) the child uses it
These additional offerings can help to generate higher, sometimes passive, earnings as well as increase a firm's potential differentiation. Ways" (Margarit, Methods that can be used to do just this include the following: Setting up a knowledge base that your clients can have access to that includes a FAQ or query function allowing your clients to query you for information. Using a feedback form where clients can offer their input as their
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