Management Planning and Ethics Paper

Essay by binks06University, Bachelor's September 2006

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This report will focus on the planning function of management in a pharmaceutical company. Within the report legal issues, ethics and corporate social responsibility are shown to impact on the decisions that are made within the industry.

Management Planning and Ethics Paper

One of the most important actions management does in an organization is planning. These plans serve as guidelines for the future. Plans need to be strongly associated with the company's overall mission. "Planning is the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future" (Bateman-Snell, 2003, p.108). Currently my company's mission is committed to becoming the world's premier developer, manufacturer and marketer of transdermal and transmucosal drug delivery systems. In order to achieve this goal management must make and implement plans to achieve the organization's long term goals.

There are various plans that must be developed in an organization.

Single-use-plans involve a set of goals that are not to be repeated in the future. Our manager recently devised a plan to go after the competition in the short term. In order to increase our market share we need to take business away from the competition. In the pharmaceutical industry generics play a large role in the profitability of an existing product. Once a medication has a generic available the health insurance companies require patients to fill their prescriptions with a generic. Our competition has a generic but our product does not have a generic substitute. Our goal is to inform the physician of this latest development and sell him/her on the idea of making sure the patient gets the medication that the doctor prescribed. By prescribing our product the patient will not end up with a generic.

There are standing plans that...