Corporate Social Responsibility with HIV / AIDS Drugs :: Social Responsibility Essays

Each year, just three diseases kill 5.4 one thousand thousand people worldwide. Malaria kills at least one million, mainly in growing countries, with 90% of the deaths in Africa. Tuberculosis causes 1.9 million deaths a year, almost every last(predicate) of them in developing countries, where resistance to the five major anti-tubercular drugs is spreading. Some 400,000 of the terbium victims are also human immunodeficiency virus positive. The yearly death toll for HIV/Aids is almost 2.5 million, with about 1.8 million concentrated in the sub-Saharan Africa The Times Higher 20/07/01 Assess the responsibilities of the pharmaceutical companies for providing low woo drugs to the poor people in the developing countries. There is no principally accepted definition for corporate favorable responsibility (CSR), although various theorists attain attempted to surmise one. One useful definition is provided by Archie Carroll (1979) The social responsibil ity of business encompasses the economic, legal, ethical and discretionary expectations that purchase order has of organisations at a given point in time Another definition is offered by Kok et al The obligation of the firm to use its resources in ways to arrive at orderliness, through committed participation as a member of society, winning into account the society at large and improving the welfare of society at large independent of direct gains of the company. An alternative definition by Frederick et al (1988) business and society are interdependent and co-exist, with business development societys resources and, in turn, fulfilling economic needs and changing social goals Thus, business and society are bound by a reciprocal social crush which is seen as the core idea of corporate social responsibility These definitions close in the notion that business has a responsibility to society as a whole, aside from the basic profit maximising ideas d ictated by traditionalistic free-market theory. in direct contrast from the classical economic sense of change magnitude shareholder wealth (Friedman, 1970) that it is a fundamentally a subversive school of thought. In the pharmaceutical industry has ia system that produces drugs in two categories. course of study A would include drugs for conditions like