• PharmaTutor
    1 November 2011

    BUSINESS ETHICS: MANAGEMENT AND PHARMACEUTICAL INDUSTRY PERSPECTIVE

    About Authors:
    PANKAJ MUSYUNI*, PROF. (Dr.) B.P. NAGORI1, Mr. AKASH MIDHA2
    *M. Pharm. (Pharma Management & Regulatory Affairs)
    1 Director, Lachoo Memorial College of Science & Technology
    2. Lecturer, Lachoo Memorial College of Science & Technology
    Lachoo Memorial College of Science & Technology
    ‘Pharmacy Wing’, Jodhpur, Rajasthan
    INDIA

    ABSTRACT
    Ethics can be explained as branch of philosophy related with the implication of all aspects of human behavior and nature. The purpose of this paper is to present an overview and relevance of business ethics in management and pharmaceutical industry scenario. The rationale of business can not be only illustrated by profit maximization but also by the social concern of the organization. This paper demonstrates the concept of business ethics with various attributes, factors and impact on society and also emphasize on code of ethics and its importance. Present paper also discusses common ethical problems within a pharmaceutical organization. A practical approach as case studies related to pharmaceutical industries will identify the issues and implications for ethical development, advancement and globalization of business ethics. Concept of paper focuses attention on the development of an attitude which should be adopted to understand various terms of ethics and development for social and business concern.

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