Essay Sample on Offshoring Ethics: Challenges Faced by Nova Nordisk in Denmark

Introduction

Offshoring is a process of moving a business from a single location to a distant place, e.g., outside the country (Bonson, E., Royo, S., & Ratkai, M. 2015). The case is about conflicting ethical demands on a particular company in Denmark. Nova Nordisk in a pharmaceutical company operating worldwide and is keen on aspiring a high degree of communal responsibility.

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Some of the challenges involved in medical research are the lack of research sponsors; with no research sponsors, the study is not going far. When we have a lot of stakeholders, they offer a different tool in terms of support to be able to complete the clinical trial. Some factors such as money and infrastructure are the primary support to clinical trials even in developed countries like the USA, (Mehralian, G., Nazari, J. A., Zarei, L., & Rasekh, H. R. 2016). We have another challenge which is the prioritization of clinical research the half of the medications offered today are supported by evidence. Some countries, such as the United States, lack the prioritization of the allocation of the stuff used for clinical research. The research into the diseases affecting the third world countries has to be looked at in the context of their social, economic conditions.

It is hard to accept and invite the new interventions in a third world country with high standard research about the risk and also the benefits of the citizens of the affected countries. The regulatory structure that governs let's say food in Canada has its dominions, (Min, M., Desmoulins-Lebeault, F., & Esposito, M. 2017). In Canada, the governing body is so strict in performing its restrictions in the development of food that is functional will be severely impaired, how research did identify Canadas regulatory body as the main impediment of success in the food manufacturing companies in Canada.

In comparison, the regulatory framework in the United States is more considerable, to the development and marketing of food products. Specific rules exist which are for approval, which includes the lebalingand the advertisement supplements, which are so dietary. To add in the nutrition labeling education act deals with promoting awareness to customers about a specific type of food.

According to the research, I assert that (CSR) that is cooperate social responsibility in the pharmaceutical industry in an essential element for both the pharmaceutical industry and the society at large. This assumption is supported by the data from the pharmaceutical businesses that are running the corporate social responsibility programs and explain how they can help in multiple areas, which ranges from the brand image to the brand review, (Salton, R., & Jones, S. 2015). A lot of companies nowadays measure the success of the company in ways which are far from the profit perspective, which includes the benefit to society. Some things, such as sustaining health, can raise the living standard of a particular group of people. The fact is mitigating negative public belief can relieve some of the regulations which are in excess and keep them in place.

Conclusion

In the last, a decade or so, a very high spread of democracy around the globe was experienced. Since the cold war times and the berlin wall fell, the piece of justice which had begun by then now has spread in all parts of the world, (Reggi, L., & Dawes, S. 2016). Even in states where the government continues to resist the open form of administration, the power of democracy is so loud such that it encourages and inspires citizens to take a more dominant role in public participation.

References

Bonson, E., Royo, S., & Ratkai, M. (2015). Citizens' engagement on local governments' Facebook sites. An empirical analysis: The impact of different media and content types in Western Europe. Government Information Quarterly, 32(1), 52-62.

Mehralian, G., Nazari, J. A., Zarei, L., & Rasekh, H. R. (2016). The effects of corporate social responsibility on organizational performance in the Iranian pharmaceutical industry: The mediating role of TQM. Journal of Cleaner Production, 135, 689-698.

Min, M., Desmoulins-Lebeault, F., & Esposito, M. (2017). Should pharmaceutical companies engage in corporate social responsibility?. Journal of Management Development, 36(1), 58-70.

Salton, R., & Jones, S. (2015). The corporate social responsibility reports of global pharmaceutical firms. British Journal of Healthcare Management, 21(1), 21-25.

Reggi, L., & Dawes, S. (2016, September). Open government data ecosystems: Linking transparency for innovation with transparency for participation and accountability. International Conference on Electronic Government (pp. 74-86). Springer, Cham.