Business Ethics Case Study: Eli Lilly And Company

Eli Lilly and Company were founded in the year of 1876 in Indianapolis, IN by Colonel Eli Lilly, a pharmaceutical chemist, who was 39 years old by that time. Colonel Lilly was a member of the army during the US Civil War. He committed himself to creating and developing innovative medications to help others. According to Pharmaphorum article, that Colonel Lilly was disappointed by the poorly prepared drugs of his day and assured himself that he would “Found a company that manufactured pharmaceutical products of the highest possible quality.” He wanted his development of medicines to reflect high-quality drugs that suggested by the doctors; he wanted to “Develop only medicines that would be dispensed at the suggestion of physicians rather than by eloquent sideshow

Demographically the business offers its drugs products globally so that it can reach to many people to prevent and cure any illnesses. Also, the market element is critical because we want the medicine to be available in every place around the world. On the hand, using the modern technologies and equipment should be used when creating new drugs or doing any researches to ensure the success of our product developments.
For us, the most critical aspect is to make medicines that help people to live a healthier life. And to do this, the company will make sure that our responsibility is to have the leading drugs products at a fair cost. At Eli Lilly & Company, our philosophy is essential to us because we try to create positive impacts on people by offering them excellence for every society. Lastly, I believe that welcoming, diverse environment, professional development, and to have the respectful manner of our employees and customers are our most significant priorities as