Describe the shadow casters you see in Martin Shkreli
The case study The Bad Boy of the Pharmaceutical Pharmacy involving Martin Shkreli exhibits the following: deviation from the usual ethical behavioral standards where Shkreli morally detached by convincing himself that unethical behaviors are justified because of the prevailing circumstances. Martin Shkreli also lacks ethical know-how since his actions involving price gouging are the opposite of what we expect from a pharmaceutical executive. Hiking the prices, and yet some individuals cannot afford them, they depend on the drug to survive immoral and inhuman. He intentionally takes advantage of the situation and exploits the poor Americans.
Explain if rapid success increases the probability that leaders will fall victim to shadow casters
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Rapid success increases the probability of leaders falling victim to shadow casters, as seen in Martin Shkreli, who lost his ethical standards for success. He raises the price of Daraprim drug from $13.50 to $750.00 without considering the impact it would have on those are depending on it. Pregnant women and those with HIV depend on the drug, but Shkreli was not considered the consequences of his actions. He was only interested in getting rich.
Appraise if Turing Pharmaceutical and Other Companies that Follow the Same Business Model, Engaged in Price Gouging, or are these Firms Serving the Interests of their Investors?
Turing pharmaceutical and other companies employing the same business model are not serving the consumers' interest but rather the part of the investors who need profits at the expense of unethically exploiting the consumers who desperately require the drug for survival purposes. Such reputations destroy the company's image, as seen in Turing pharmaceutical following the scandal. The Turing case is a waking call for those leaders who take advantage of the situation and exploit consumers to make abnormal profits.
Describe any Learning Outcomes you had from this Assignment.
The case study “The Bad Boy of the Pharmaceutical Pharmacy” teaches us that shortcuts often have consequences. Exploiting others to succeed is unethical, and any leader should avoid such kinds of vices. Even though Martin Shkreli used Americans on the Daraprim drug, his reputation was tainted, and the company collapsed. Therefore companies should maintain ethical behavioral standards despite the circumstance, and they should serve the interests of the customers and not the investors.
