Ethics of Offshoring Novo Nordisk

 Ethics of Offshoring Novo Nordisk Essay

To: Anders Dejgaard

From: Jennifer Tsai

Subject matter: Ethics of offshoring

Time: 05/23/2011

Essential issued from the appropriateness of conducting trials in emerging countries features arisen over years. As being a leading business in biopharmaceutical industry, Novo Nordisk faces the opinions of whether it truly is justice to offshoring their clinical trials in developing economies. With the consistency of honest principles brought up by Novo Nordisk, the corporation would be able to move their studies into growing economies with all the best interest for stakeholders. I will also propose ideas to Mr, Dejgaard for possible approach to media in addition to the practices that Novo Nordisk could have altered over time towards the end.

Conducting Trials in Emerging Economies

With Utilitarian way, every party has several perspectives inside the outcome of your action. In this instance, we have investors, employees, customers, supply string, government and native communities, with secondary stakeholders of multimedia, special curiosity groups and NGOs. For customers, government and native communities, they emphasize even more on the evidence of efficacy and safety of medical items. While shareholders, employees, supply chain treatment more of the profitability as a whole on the whole. As a result, Novo Nordisk will be better off maximizing its income while having their honest justice intended for conducting trials in rising countries.

Economical Aspect

While the Nobel prize success, Milton Friedman pointed out that making profit would be the first top priority for business to satisfy social responsibility, Novo Nordisk has every single right to take full advantage of its best interest for its stakeholders include shareholders, employees, buyers, suppliers, governments and local areas. From economical performance stand point, executing clinical trials in emerging economies benefits Novo Nordisk from saving costs, accessing to larger demographic participant, obeying less stringent rules applied, and developing...

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