Comment

Comment by anyi jonathan on September 15, 2016 at 6:13pm

But drug company having outrageous price escalation may probably be as a result of transportation, Tax and other important fund dependent issues that has to be settled prior the products getting to foreign market....but right back at the place of manufacturing, the price of the product remains low. so if the price of a product gets high as a result of those factors i stated then that is when i consider the company being ethical in their decision  but  anything asides that is really unethical.

Comment by Al LeBlanc on September 14, 2016 at 8:38am

Thanks for your comment ! Agree, the main goal of an entrepreneur and business is to make a profit and stay in business, providing a legal product/service . However, would you consider the Mylan Pharmaceutical case of pricing of its EpiPen  drug dispenser product "outrageous price escalarion" My point is excessive management self serving at the expense of the customer.  While incentives-bonuses are good management practices, there are the ethical  considerations as well.

Comment by anyi jonathan on September 13, 2016 at 8:18pm

planned obsolescence, hmm sir you made a point i love so much..."making bonuses at the expense of customers" well, the main goal of a good entrepreneur is always to make profit

Comment by Al LeBlanc on September 12, 2016 at 2:27pm

Seems to me "planned obsolescence"  is a design parameter for corporate and dealer sales/support profitability?  While there are ethical - profitability balancing trade offs, some companies aim on maximizing profits/shareholder value and self-serving executive bonuses at expense of customers, employees and societal responsibility.  For example, recent drug company syringe dispenser outrageous price escalation.