Remove Conflict of Interest Remove Development Remove Ethics Remove Marketing
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How to Be Generous in Business

Nathan Magnuson

It can seem like a conflict of interest. Think about it: when businesses aren’t making any money, corporate sponsorships, employee development programming and hiring all come to a standstill. At the end of the day, no one should feel guilty for profits that are earned legally and ethically. Meet a Need.

How To 151
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William Miller on Business Model Innovation

Rajesh Setty

For example: • Charles Schwab disrupted the brokerage industry in the 1970-80s using a business model driven by Principles of high ethics, no conflicts of interest, being trustworthy, and helping everyone become financially fit. RS: Is business model innovation a subject only for top level executives?

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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.

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The Case for Corporate Disobedience

Harvard Business Review

If your company puts you in charge of developing a foreign market or a new line of business, your challenges are in many ways similar to those facing a startup. And it requires a constant vigilance to make sure that you don’t get into legal or ethical grey areas or lose sight of the company’s interests.

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The “Maximize Profits” Trap in Decision Making

Harvard Business Review

This logic and the institutions that reinforce it, like competitive markets and the rule of law, have transformed the world and lifted billions of people from poverty. In addition, 30 states have passed laws that explicitly authorize companies to consider the interests of parties other than shareholders.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. Goldman settled within months for $550 million.

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How Pharma Can Fix Its Reputation and Its Business at the Same Time

Harvard Business Review

By that I mean that pharma companies should develop innovative treatments for pervasive unmet medical needs; avoid corruption, collusion, and other unethical marketing practices; and make sure that their products reach as many patients around the world as possible. Mitigate the risk of unethical conduct. Enhance corporate reputations.