Remove Ethics Remove Examples Remove Finance Remove Pharmaceuticals
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Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business Review

Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. For academics, publishing and obtaining grants are key to promotion and career advancement.

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How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces. It’s not just products. Experimentation is vital.

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The Tempting of Rajat Gupta

Harvard Business Review

In the early 1980s, for example, at least some partners — Bob Waterman, co-author of In Search of Excellence , among them — counseled gradual, quiet expansion, this to maintain the top-flight quality of the consultancy's people and its work. Was it only ten years ago that the profits of the top 10 U.S. And what risks did he run?

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Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

For example, application of complex financial accounting rule — FAS 133 relating to derivatives — led to expensive restatements in numerous businesses. initiative — prohibitions against off-label marketing under the False Claims Act — swept through the pharmaceutical industry. billion restatement.

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The “Maximize Profits” Trap in Decision Making

Harvard Business Review

Imagine, for example, that you’re a pharmaceutical CEO deciding whether to recall a new drug. In these cases, running the numbers and grasping what they tell you is important, but it isn’t enough. With gray area problems, you have to look hard at the economics and look past the economics. How should you make this decision?

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