How should a for-profit corporation balance its business needs with the needs of its customers?
Topic: Intellectual Property
This essay is largely inspired by material found in your course textbook:
Kubasek, N. K., Browne, M. N., Barkacs, L., Herron, D., & Dhooge, L. (2016). Biblical worldview edition of dynamic business law. N. J. Kippenhan (Ed.). New York, NY: McGraw Hill Education.
Thread Prompt:
Review the Case Opener at the beginning of Chapter 8: Technology Companies at War. You must also read a recent update on the Samsung/Apple Patent Litigation.
Samsung and Apple continue to fight to protect their rights to their intellectual property. Similarly, any company will fight to protect the real, personal, or intellectual property on which its business, revenues, and reputation are based. These same property issues are at stake in the pharmaceutical and biomedical industries where patents on medicines, medical devices, cutting-edge genomic therapies, etc. form much of a companys livelihood.
For this discussion board, respond to the 3 questions in the Business Ethics Flashpoint 8.1 in your text. Your response must explain how you balance the interests at stake, including:
How should a for-profit corporation balance its business needs with the needs of its customers?
Lives depend on products created by some companies. Do these companies have a greater responsibility to work towards benefitting the consumer more than themselves?
Look at the issue from a Biblical worldview. How would you respond if you were running such a company?
Your thread must explain how you balance the interests at stake including:
Creator v. Consumer in the creation and management of intellectual property
Profit and return on investment for company owners/shareholders
Continuing existence of the company
Protecting intellectual property of the company
Needs of patients, practitioners, and society
Biblical support and guidance for your positions
Any other legal and ethical concepts you believe may be relevant
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