Management Planning and Ethics Paper

Essay by elshaddia98College, UndergraduateA, September 2007

download word file, 2 pages 3.0

This paper will evaluate the planning function of management in Bristol Myers Squibb (BMS). There are many ways legal issues, ethics and corporate social responsibility impact management at Bristol Myers Squibb.

Bristol Myers Squibb, one of the largest pharmaceutical companies worldwide. The company’s organizational mission “is to extend and enhance human life by providing the highest quality pharmaceutical and related health care products.” The driving force behind this mission is a company and its employees that are committed to the cause of saving lives. Bristol-Myers Squibb Company (BMS) is a leader in providing the best quality products in the pharmaceutical and health care industry. The Bristol-Myers Squibb Pledge is “To our patients and customers, to our employees and partners, to our shareholders and neighbors, and to the world we serve-to act on our belief that the priceless ingredient of every product is the honor and integrity of its maker” (BMS, 2007).

As affirmed by the company’s Chairman and Chief Executive Officer, Peter Dolan, “our company’s statement of values and principles that guide all our activities-commits us to ‘the highest standard of moral and ethical behavior.’ This commitment, along with the other parts of the Pledge, is central to our success as a company, since it forms the foundation of trust on which all our business activities take place” (Standards of Business Conduct and Ethics, 2007). The culture of Bristol-Myers Squibb mirrors this pledge.

Corporate social responsibility.

The value that BMS places on its employees, customers, and consumers is a contributing factor to the effectiveness of this company’s mission. Another positive feature to the success of this organization is their ability to strategically empower and motivate its employees in order to retain exceptional talent, and remain competitive in the industry. The overall goal is to foster a strong workforce and...