Provides a comprehensive evaluation framework based on utilitarianism and deontology for specific ethical dilemmas in business operations, assisting managers in making morally compliant decisions.
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Please analyze the following specific ethical dilemma encountered in business operations: A pharmaceutical company discovers that its best-selling drug has minor but non-fatal side effects with long-term use, yet withdrawing the product would leave many dependent patients without effective treatment and cause the company to face bankruptcy. Please evaluate the pros and cons of withdrawing versus continuing sales by combining the utilitarian principle of the greatest happiness for the greatest number with the deontological moral obligation of honest disclosure and respect for patient autonomy. Consider the impact on patients, shareholders, employees, and the public, and provide a decision recommendation that balances these interests and aligns with business ethics, explaining the moral logic behind this decision.
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