article thumbnail

Compliance Alone Won’t Make Your Company Safe

Harvard Business Review

Despite some early warnings, both the regulators and the company did not really follow up the case until it was too late. Research in the area of behavioral business ethics has demonstrated that most of the initial ethical transgressions in business go unnoticed, even for those committing the transgression.

article thumbnail

Big Pharma's Hidden Business Model and How Your Company Funds It

Harvard Business Review

The study assembles considerable evidence about the hidden business model of major pharmaceutical companies: to devote most of their research budget to developing hundreds of drugs that provide few if any advantages over existing drugs and then market them heavily to doctors and patients. At Harvard's Edmond J. But why not?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Solving the $100,000 Cancer Drug Problem

Harvard Business Review

These researchers opined that high prices are preventing patients from being treated, and they questioned the ethics of pharmaceutical companies. This is why Las Vegas hotels, for instance, have premium prices on weekends and rock bottom discounts during the middle of the week. This cost structure enables pricing flexibility.

article thumbnail

Offices Can Be Bastions of Civility in an Uncivil Time

Harvard Business Review

Pharmaceutical company Lilly has said , “Many tragic world events have shaken our employees, making it difficult for them to bring their full selves to work. ” Managers should set the tone by encouraging people to speak up, teaching people how to have difficult conversations , and managing any disagreements on their teams.