PHI-384-OL009_Ethics & Business Professional_ Application Assignment 2

This assignment evaluates ethics and business in The Chicago Tylenol Murders. This paper will examine how business ethics play a role in corporate policies and decision-making. This paper will also explore how the events of the Tylenol murders affected public trust in corporations.

The Chicago Tylenol Murders occurred in 1982 when seven people died after taking Extra Strength Tylenol that had been laced with cyanide. The murders sent shockwaves through the country and led to widespread panic. Johnson & Johnson, the company that manufactured Tylenol, responded quickly and decisively to the crisis. They issued a nationwide recall of all Tylenol products and offered a replacement program for all bottles of Tylenol. They also implemented new safety measures, such as tamper-proof packaging, to prevent future incidents.

The events of the Tylenol murders had a profound impact on public trust in corporations. Prior to the incident, most people believed that corporations could be trusted to produce safe products. However, the Tylenol murders showed that even the most trusted companies can be vulnerable to tampering and dangerous hoaxes. The incident also led to increased regulation of the food and drug industry.

The Tylenol murders also had a significant impact on corporate policies and decision-making. Prior to the incident, many companies did not have policies in place to deal with product tampering or recalls. However, the Tylenol murders showed that such policies are essential to protect both consumers and corporations. As a result of the incident, many companies implemented new policies and procedures, such as tamper-proof packaging and strict quality control measures.

The Tylenol murders were a tragedy that shook the nation. However, they also served as a wake-up call for corporations and consumers alike. The incident showed the importance of business ethics in corporate decision-making and highlighted the need for increased regulation of the food and drug industry.

Which stakeholders’ interests do you think the company deemed most important?

The company likely deemed the interests of the consumers to be most important. This is because the company took quick and decisive action to recall all Tylenol products and offer a replacement program. The company also implemented new safety measures, such as tamper-proof packaging, to prevent future incidents. These actions showed that the company was committed to protecting the safety of its consumers.

How might the company’s stakeholders react to the events of the Tylenol murders?

The company’s stakeholders would likely be shocked and horrified by the events of the Tylenol murders. They would also likely be very concerned about the safety of the product and the company’s ability to protect its consumers.