write 400600 wordsthat respond to the following questions with your thoughts ideas and comments. Be substantive and clear and use examples to reinforce your ideas.
Part 1 (Post this response in the main U3 DB thread Unit 3 Discussion Board)
Having experienced a robust debate on Phishy Pharmaceuticals’ duties under social responsibility and your fiduciary roles as CEO it is time to shift gears and consider laws regarding e-commerce and digital law. Primarily Phishy is concerned about employees committing the following actions while accessing the Internet at work:
Choose 1 of the areas from the list above to discuss and complete the following:
Part 2 (Post this response in the appropriate topic within U3 DB [labeled FOR and AGAINST])
After reviewing the legal areas for which Phishy Pharmaceuticals could be held liable as CEO you have decided to implement an Internet Usage Policy.
The Internet Usage Policy provides employees of Phishy with procedures and guidelines about the acceptable utilization of Phishys technology equipment and rights to utilize the Internet. Having such a policy in place will assist in protecting both Phishy Pharmaceuticals and its employees. The Internet Usage Policy is an important document that must be signed by all employees upon starting work.
Case Example: Phishy Pharmaceuticals is a corporation that recently kicked off the sale of its new weight-loss pill Lose It Fast. After 3 months of sales the management team has received some troubling reports of some unanticipated side effects caused by the pill. The management team asks the accounting department to run some numbers to determine how much it would cost to recall Lose It Fast to suspend manufacturing and to conduct more tests to determine the pills safety and other possible side effects.
After running some numbers the accounting department states that it would be more cost-effective to leave the product on the market shelves and propose settlement proceedings with anyone who is injured and initiates a lawsuit.
The corporate attorney has advised that the product’s packaging states thatthe pill is not FDA-approved and says off the record thateveryone who buys a weight-loss product knows there are some risks involved so it is likely that the majority of injured consumers will not initiate a lawsuit.
If you recall the product it will result in a delay of dividends paid to shareholders a loss in revenue affecting shareholder profit and possibly your job as CEO.