Lily, an Executive with Medico Inc

question 65

Essay

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

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Definitions:

Classical Approach

A traditional method or theory in a specific discipline, often emphasizing foundational or universally recognized principles.

Motivation

The psychological processes that arouse and direct goal-directed behavior.

Autonomy

The ability to make decisions independently, often implying a sense of freedom and self-direction.

Laissez-Faire

A leadership or management style characterized by minimal supervision, where individuals have freedom to make decisions and take actions.