MGMT 5710 CSR 1

AA
by Ayesha Anees1 view·Updated Nov 15, 2021
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  1. Hello everyone.
  2. My name is a chinese in this presentation will review the relationship
  3. between intellectual property and ethics and
  4. how the relationship impacts individuals.
  5. Intellectual property is the ownership of an idea or
  6. designed by the person who came up with it?
  7. It gives a creator exclusive rights to the item so no one
  8. else can copy or reuse that creation without the owner's permission.
  9. A piece of vital part of ethics that
  10. creates a framework that incentivizes value creation.
  11. Specifically the development of new ideas and inventions were also
  12. providing the public access to the goods and services created.
  13. The need to have I. P.
  14. Law stem from the utilitarianism view that unless inventors are
  15. given legal and financial control over their work there's a little
  16. incentive for them to create them.
  17. Yes
  18. as corporate social responsibility programs work to integrate economic,
  19. environmental and social responsibilities and business is important to factor I.
  20. P.
  21. Loss into those programs especially in the social instability
  22. aspect as I'd be greatly impacts technological developments in society
  23. but.
  24. Mhm.
  25. When considering intellectual popping ethics
  26. the greater issue that rises is if it is ethical for companies to set
  27. prices on patented products which are needed by and would benefit many people,
  28. especially if the prices are high
  29. in this case.
  30. I work for a business called Medvedev which focuses on creating medical devices.
  31. The company recently created and patented a new device used to monitor
  32. blood sugar levels and alert users when levels are in dangerous ranges.
  33. This device is new cutting edge technology as it makes
  34. monitoring blood sugar levels easy and effortless For continuous protection.
  35. The research and development for this product took lots of time
  36. and money which has caused its high prices in the market.
  37. Why is it important to patent this item?
  38. Patenting this technology ensures that other companies not recreate
  39. the device and sell it at a cheaper price.
  40. This matters to my company because if the items are sold illegally,
  41. we will never fully regain the cost lost
  42. to research and development to make this product.
  43. Mhm.
  44. But the question remains on.
  45. If it is ethical to patent incentive price for
  46. technology that could save lives is a creator's right
  47. to financially benefit from their mentioned with more than
  48. the lives of the people who need it.
  49. Intellectual property helps foster innovation by
  50. ensuring creators own their tangible and
  51. intangible products so they can reap the full benefits from the invention.
  52. But it also allows a company to control the cost and distribution of the product.
  53. Currently a major concern in my
  54. intellectual property is illegal recreation in black
  55. market sales of products which has increased
  56. tremendously causing turmoil for companies financially.
  57. These factors of the illegal theft,
  58. the need for patenting and high cost operation development
  59. has created a situation where due to illegal activities,
  60. companies are sharing less information regarding inventions,
  61. but this is then impacting individuals because the life
  62. saving technologies sold by few companies at high prices.
  63. Mhm.
  64. There are few ethical solutions to make this situation better.
  65. One solution would be
  66. for businesses to work together to advocate for stricter
  67. regulations.
  68. So the risk of intellectual property that has lessened
  69. while also pledging to lower the cost advices.
  70. Since they would then be the primary sellers of the items. They create
  71. Another solution to abate amend I. p.
  72. laws mainly patent laws which give creators
  73. exclusive rights to product for 20 years.
  74. With the fast paced technology industry the statue of time could be decreased.
  75. Allow for companies to legally create items from more competitive prices.
  76. Finally another solution of bait to use that research
  77. grants or other government funding to fund the development of these projects.
  78. This would allow the government to set and
  79. monitor the sales for the products created.
  80. Yeah
  81. there are a few things in my death can do to make a difference to start.
  82. They can create a program
  83. within the company to make medical devices accessible to more people.
  84. They can focus more on creating a corporate social stability program that
  85. makes the company more purpose driven and helps
  86. them strive to do better for society.
  87. This can be done by partnering with insurance companies and other
  88. medical manufacturing companies to lower the production costs of their devices.
  89. So in turn they can lower the price for the consumers.
  90. They can also pledge to make a change.
  91. They can work with other companies to petition for reforms and
  92. laws and monitoring to provide a better environment for patent protection.
  93. This would also in turn help consumers because this would level the playing
  94. field for companies and would allow for more items to be fairly priced.
  95. Yeah,
  96. achieving these solutions require lots
  97. of compromising cooperation between companies.
  98. It will require that companies become more purpose driven and
  99. focus on the well being of humans above profits.
  100. The benefits of these efforts would be that companies would realize that there's
  101. a balance to being innovative and profitable also be were also being ethically
  102. accountable and socially responsible.
  103. Mhm.
  104. These reforms would make great sides and putting the well being and
  105. health of people above financial growth in the eyes of business,
  106. especially in terms of medical devices which could really control the
  107. lives of human beings and their survival rates with different diseases.
  108. Overall intellectual property laws are a vital part of ethics
  109. to help ensure creators are able to benefit from their
  110. inventions but that but that does not mean that the
  111. product creator should only be acceptable to the wealthy companies.
  112. Working to invent new technology need to be accountable
  113. and take social stability for the price and the
  114. distribution of their items to ensure that it is
  115. benefiting all individuals from all different socio economic classes.
  116. The steps listed above are a few that Medvedev can take
  117. to make a difference in their environment with their device,
  118. but there's also more things they can do
  119. to be more ethically conscious and make a better
  120. impact on society