This website uses cookies to ensure you have the best experience. Learn more

The Place Of Morality And Government In Low Value Product Development

1127 words - 5 pages

The Place of Morality and Government in Low Value Product Development

A company is fundamentally in business to make money. There are many so called "low value products" that could prove extremely beneficial to a large number of people, but are not likely to be profitable from an economic point of view. This situation creates a complex problem that incorporates economics, morality, private industry, individuals and government. It is always interesting and difficult when big business, government and ethics are thrown together, and this problem is no exception.

First, it needs to be established whether the low value product the company is considering developing might not turn a ...view middle of the document...

This can be broken down even further: the governments of underdeveloped and developed countries providing for their own people, or the governments of developed countries providing for the common good of all countries. A government is set-up fundamentally to act for the common good of that nation's people. Thus, the government of a country, whether developed or third world, has a moral obligation to do everything in its power to provide for its people, including providing research funding for the development of these low value products. Third world governments also have an obligation to seek, support and facilitate the help of industry and government of developed nations.

The question becomes trickier when you consider whether developed nations have the moral obligation to provide for all nations collectively. The United States has a tax system that collects and reallocates, and in theory spreads the wealth and provides for all. This is also the case in Socialist countries. So, some of this money should be spent on developing these low value products, which will act for the common good of the country. However, a distinction has to be made between a low value product that benefits all people, such as the conversion of biomass to ethanol, and one that would be developed by a first world country, but only for use in the third world, such as the anti-malaria vaccine. If the latter is true, the government is going to run into complaints from its people such as, "Why are you doing this? You should be providing for our problems first, let their government take care of them." This creates a whole new moral dilemma.

Returning to the question of encouraging private companies to invest in low value products, a number of incentives can be created. First, it will be much easier to convince a huge company with billions of dollars in sales (like Pfizer, Johnson & Johnson, Glaxo Wellcome, etc.) to invest their money in a low value product. They can afford to develop a product that is not extremely profitable, because they can make the money up in other areas. They also have pre-existing facilities and other capital, which would lower the inherent fixed costs of developing the product, increasing the chances for potential profit.

Certainly the best incentive for a...

Other Essays Like The Place of Morality and Government in Low Value Product Development

Machiavelli and the Ethics of Morality and Politics

1553 words - 7 pages through his political treatise, but every ruler, at any time. Just as Columbus and others during his time were discovering new existences, Machiavelli invited the politically intelligent of his day to rediscover Republican Rome. Niccolò Machiavelli's The Prince argued that morality and politics cannot co-exist in the same forum. However, when investigating Machiavelli's ideas and philosophies, it can be concluded that perhaps the evil and violence

Pleasures in Terms of Morality and Physicality Stuart Mill

936 words - 4 pages Pleasures In Terms of Morality and Physicality Mill is generally accepted as a utilitarian philosopher, however about some points, he is opposed to Bentham who is best known as father of utilitarianism. Mill does not agree with the social and political results which Bentham comes to through utilitarianism. Both of them supports that utilitarianism is the idea that the moral worth of an action is determined solely by its utility in

The Value Of Gender And How It Represents The Body In Society

1658 words - 7 pages In order to answer the question I would like to explain in brief the value of gender and the ways it represents the body in the society. The term “Gender “and “Race “is by now used so frequently in academic discussions. While sex differences are rooted in biology how we come to understand and perform gender is based on culture. As it is said by ( Byers & Dell ) that we always view culture “ as a process through which people circulate and

The Power of Place

1547 words - 7 pages cooperation of many or all of the nation states, a place-based precautionary principle could only reach a certain point before becoming obsolete on the global level. The importance of the international communities involvement is apparent in intrinsic value, the connectedness of ecological niches to species and ecosystems, and international trade. Many examples can be addressed here. The rainforest is a common example of a transboundary

Low and High Involvement in Consumption

2209 words - 9 pages clear interface. Notably, the phone should be value for money. If it works properly, it helps me saving the cost of maintainance. The utmost concern by me is the symbolic meaning to my image. Nearly everyone has a phone and everyone uses their phone in front of others or in public. It to some extent reflects a person’s taste and social status. A smartphone (especially mainsteam product such as iPhone) makes people seems trendy and financially

Supply, Demand, and Government in the Markets

813 words - 4 pages the manufacturers of this product lobby the government’s lawmakers, in terms of this product being essential for college students but they are considering halting production due to the lack of profits. The lawmaker’s agree and now set a price floor at $150. What would happen in this market? A price floor keeps rates from dropping too low, which can protect the manufacturer but can also create extra supply and waste. If the government imposes a

Critical Thinking in the Legal Environment: Torts and Product Liability

3202 words - 13 pages Critical Thinking in the Legal Environment: Torts and Product Liability Fall 2009 Introduction This assignment focuses on management skills that would be utilized in critical thinking in the legal environment specifically related to torts and product liability. A manager is constantly challenged with balancing responsibilities to the shareholders to make a profitable business and protecting the best interests of the employees and

A Sense Of Place In Austen's Pride And Prejudice

1489 words - 6 pages A Sense of Place in Austen's Pride and Prejudice It is interesting to observe's definition of the word "place" in relation to "person". Especially when it comes to Pride and Prejudice, where Austen has made great use of the objective correlative technique, in which many, if not all, of her settings considerably reflect the characteristics of their owners. She additionally employs several other techniques regarding the

Crime and Deviance Are the Product of the Labelling Process

1354 words - 6 pages the labelling process and capitalism, as a result it only focuses on the policemen for example, who apply the labels and not the capitalist class who are the ones that make the rules in the first place. Others have said that the labelling theory is deterministic as it implies that once something is labelled a deviant career is inevitable. By assuming that offenders are passive victims of labelling, it ignores the fact that individuals may

Texts Draw on the Ideas and Attitudes of the Time and Place in Which It Was Written

1195 words - 5 pages “Every text draws on the ideas and attitudes of the time and place in which it was written and which it is set. However, it may have many ways of treating these – perhaps agreeing with some and being critical of others, or possibly avoiding them altogether” All texts derive ideas and attitudes from the context of the time in which they are set and written. The Modern Period began in approximately 1890 and went through to about the 1950’s. The

Values in Kancil Stories and the Development of Children Character

1690 words - 7 pages . In Indonesia the story about Kancil is influenced by the culture of the people in one region. Therefore, as Indonesia has a lot of ethnics with their culture, it makes Kancil stories are told in different version and different name based on the language, custom, value and religion of one society. For example, Aceh and other Malay people call Kancil as Pelanduk with the famous story “Hikayat Pelanduk Jenaka”; while in North Sumatera, Bataknese

Related Papers

Pd The Patterns Of Success In Product Development A Case Study

2858 words - 12 pages . The product development case in this paper was implemented in the 1990s and the market launch of products took place in the late 1990s. This case shows that focusing on the management of NPD project implementation in the metal industry. There are three main points that demonstrated below; * project management success; * technical success * commercial success estimate There are some success factors, which including for instance

Gambling And The Loss Of Morality

1980 words - 8 pages industry’s profits come from problem and compulsive gamblers. In terms of casinos, they produce no wealth for anyone other than the owners. They do not produce a good to be manufactured or exchanged. Almost every dollar spent in a casino is utilized by the casino; -- it is sucked out of the community, not spent elsewhere, or put into a savings account. Gambling and casinos are not economic development. We, as a society, must choose to build a future on

Health And Safety In The Work Place

1476 words - 6 pages ever be a fire or another form of emergency it will make it quick and easy for individuals to find the quickest exit and leave safely. In a health and social care environment there are rules and codes of conduct put in place for both the staff and the service users to follow and abide by. These rules are put in place for the safety of both the staff and the service users. The rules are often communicated at the beginning during the training period

The Place Of Humanities In University Studies

747 words - 3 pages The Place of Humanities in University Studies This is NOT an essay - it is a collection of notes which are the foundation of an 800 word comparison of two articles regarding the place of humanities in university studies, and the roles of mass communication.Part 1 (800 words - 30%)You will be given two short readings by the end of Week 3 of the Semester. Identify the approach or approaches used in each, and with reference to the features and