Ethical Issues in Marketing and Sales of Pharmaceuticals – PST06209 Entrepreneurship

NTA Level 6 • Semester 2 • PST06209

Ethical Issues in Marketing and Sales of Pharmaceuticals

Entrepreneurship • Source Session/Topic 14
Full source-text version: all educational wording from the extracted learning source is retained; only presenter/tutor metadata and web-layout noise are removed, while formatting is improved for readability.

Session 14: Ethical Issues in Marketing and Sales of

Pharmaceuticals

Total Session Time: 60 minutes +1 hours of Tutorial

Prerequisites

• None

Learning Tasks

By the end of this session students are expected to be able to:

• Define ethical marketing
• List Benefits of marketing ethics
• Explain the ethics in marketing

Resources Needed:

• Flip charts, marker pens, and masking tape
• Black/white board and chalk/whiteboard markers
• LCD Projector and computer

SESSION OVERVIEW

Activity/

Step Time Content

Method

1 05 minutes Presentation Introduction, Learning Tasks

2 10 minutes Presentation Definition of Ethical Marketing

Buzzing

3 10 minutes Presentation Benefits of Ethics in Marketing

4 25minutes Presentation

Ethical Issues in Marketing

brainstorming

5 05 minutes Presentation Key Points

6 05 minutes Presentation Evaluation

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

99

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

100

SESSION CONTENTS

STEP 1: Presentation of Session Title and Learning Tasks (5 minutes)

READ or ASK students to read the learning tasks and clarify

ASK students if they have any questions before continuing.

STEP 2: Definition of marketing (10 minutes)

Activity: Buzzing (5 minutes)

ASK students to pair up and buzz on the following question for 2 minutes

• What Marketing ethics?

ALLOW few pairs to respond and let other pairs to add on points not mentioned

WRITE their response on the flip chart/board

CLARIFY and SUMMARIZE by using the content below

• Marketing ethics are moral principles behind marketing.
• Ethics in marketing applies to different spheres such as in product, pricing, Placing

(Distribution), promotion and advertising marketing product or services

STEP 3: Needs for Ethic in Marketing (10 Minutes)

• The importance of ethics in marketing are:

o Develop more positive attitudes about the firm, its products, and its services.

o To create Values or trust with key stakeholders

o To build good image about the organization in the minds of customer, employees,

shareholders and the society

STEP 4: Ethical Issues in Marketing (25 Minutes)

Activity: Brainstorming (5 minutes)

Ask students to brainstorm on the following question:

• What are ethical issues in marketing?

ALLOW few students to respond?

WRITE their responses on the flip chart/ board

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

101

CLARIFY and SUMMARISE by using the content below

• Marketing ethic can be easily explained by using 4P‘S of marketing:

o Product & packaging

o Price

o Placing (distribution)

o Promotion (advertising & branding)

 Product

• Consumer safety
• Product liability and reliability
• Designing for special needs

 Packaging

• Label information
• Packaging graphics
• Packaging safety
• Environmental implication of packaging

 Price: Second P of Marketing •

• Bid rigging
• Supra competitive pricing
• Price fixing
• Price skimming

 Placing (distribution)

• Product distribution (or place) is one of the four elements of the Marketing

Distribution of product or service is transporting them from manufacture to

stockiest, wholesalers, retailer and then to consumers.

• Unethical Practices

o Many retailers sell products that have crossed expiry date is unethical.

o Exerting influence to cause vendors to reduce display space for competitors' products

is unethical.

o Promising shipment when knowing delivery is not possible by the promised date is

also unethical.

o Paying vendors to carry a firm's product rather than one of its competitors are also

unethical.

o Most drug stores would give too many drugs without prescriptions from a qualified

doctor are also unethical.

o Products are moved in unsafe vehicles, are also unethical.

• Promotion is one of the four elements of marketing mix (product, price, promotion, place)

o It is the communication link between sellers and buyers for the purpose of

influencing, informing, or persuading a potential buyer's purchasing decision.

 To present information to consumers as well as others

 To increase demand

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

102

 To differentiate a product

• Ethical Issues in Advertising

o Puffery (Nothing to support the fact)

o Advertising to Children

o Promoting Unhealthy Products

o Subliminal Advertising

o Deceptive Advertising

• Ethics in Consumer Protection

o A concept that are designed to ensure fair competition and the free flow of truthful

information in the marketplace.

o Ethics in Marketing in Consumer Protection Market is flooded with duplicate goods

having fake labels for selling drugs, food stuffs, consumables

o Consumer Protection

 Better protection of interests of consumer

 Protection of rights of consumers

 To prevent practices having adverse effect on competition

 To promote and sustain competition on market

 To protect the interests of consumers

o Scope of Consumer Protection applies to:

 Whole nation

 All type of goods and services, public utilities and public sector undertakings.

o All types of complaints relating to goods, unfair trade pictures.

o Who can file complaint

 The consumers to whom the goods are sold or delivered or agreed to be sold are

delivered or the service has been provided or agreed to be provided.

o But how to file a complaint?

 One can go to Consumer courts and can file complaint

 One can file consumer complaints online

STEP 6: Key Points (5 Minutes)

• Marketing ethics is an area moral principles behind marketing
• Ethics are needed in Marketing of pharmaceutical services
• Marketing ethical issues can be explained using 4P‘S of marketing:

o Ethics in Product & packaging

o Ethics in Price

o Ethics in Placing (distribution)

o Ethics in Promotion (advertising & branding

STEP 7: Evaluation (5 Minutes)

• What is ethical marketing?
• What are the benefits of marketing ethics?
• Outline ethics in marketing?

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

103

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

104

References

Buskirk, R. H (1994). The Entrepreneurs Handbook: Premier Entrepreneur Programs, Inc.

Denver, Co.

Charantimath, P. M (2006) Entrepreneurship Development Small Business Enterprises:

Delhi, India: Pearson Education,

Hisrich, R.D., Peters, M.P., & Shepherd, D.A. (2005). Entrepreneurship. (6th Ed.) Boston:

McGraw-Hill.

Kuratko, D.F., & Hodgetts, R.M. (2007). Entrepreneurship: Theory, Process & Practice. (7th

Ed.) USA: Thomson

Roy, R. (2011, 2008). Entrepreneurship. 2nd Ed. Oxford: Oxford University Press.

Stokes, D. & Wilson, N. (2002). Small Business Management and Entrepreneurship. (5th

Ed.) London: High Holborn House.

Zimmerer, T. W. & Scarborough N. M. (2008) Essentials of Entrepreneurship and Small

Business Management. (5th Ed) New Jersey: Pearson Education International

__________________________________________________________________________________________

PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide

105

PDF / OFFLINE NOTES

Unataka kutumiwa notes hizi kupitia WhatsApp?Kwa notes zilizopangiliwa vizuri kwa kusoma offline au PDF, bonyeza kitufe hapa chini. Ujumbe wenye Level, Semester, Module na Topic utaandaliwa moja kwa moja.TUMIWA NOTES WHATSAPP

WhatsApp: 255620339260
banner
Scroll to Top