Question.3363 - Read and review Chapter 1 of the Rothaermel text, What is Strategy? along with the M1 Content Guide. In the section about Merck (p. 21-22) it is clear the firm has followed a socially responsible path by donating more than one billion drug treatments to remedy river blindness in remote African communities. Yet, Merck must also meet shareholder responsibilities and make profits on drugs in use in more affluent societies. First, in your initial post, determine how a responsible firm should make these trade-offs and explain your position. Also, create a ranked list that identifies what steps can strategic leaders take to guide organizations on these challenging issues.
Answer Below:
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