Social, Ethical and Legal Issues in the Digital Firm

Lecture 4 – Thursday, May 12th 2016

Chapter 4- Social, Ethical and legal issues in the digital firm

• WHAT are the issues regarding  IT
• PRINCIPALS – framework- framing ethical solutions
• Challenges that it has introduced to ur traditional values

→ diagram –how it affects society

• Property rights and obligations’
• Information rights and obligations
• Accountability and Control
• Quality of Life
• System Quality

• Computing power doubles every 18 months – Moores Law (doubles epedentially the power of computer) – Applies not just to comuter power but many other things. Ex. See table 4-2

• Websites track everything u do

• They can trak all of your information- should they though? That’s the uestion

• Non obvious relationship. –Awareness (NORA)

• Advnce ment of networking send data quickly and cheaply

• Mobile device growth – we can but should we? – having a comtuer in ur pocket are there any

• Basuc concepts

• Responsibility
• Accountability – who can I blame?
• Libability –

Ethical Analysis

Martic shkreli

Analyse the video:

→ What are the facts?

1. Took over the drug and raised priced 5000%
2. Not planning on decreasing
3. Give away for free to ppl who need
4. Sells to insurance plans
5. It’s a cure for toxoplasmosis
6. Aids paitients use it
7. Small company
8. Not profitable
9. Private company, private investor

→ define the conflict or deliemma  and identify the higher-order values invlolved

1. Life or death (right to health)
2. Profit over public health
3. Who Pays for what?
4. Right to run a profitable business

→ IDENTIFY THE STAKEHOLDERS

1. Investors
2. Patients
3. Martin Shkreli
4. Employess of the company
5. Competitors
6. Company the drug was brought from
7. Doctors, healthcare professionals

→ what options can you take?

1. Buy the drug and make it even lower
2. Buy the drug and raise the price significantly
3. Not buy it
4. Convince government to subsidize
5. Buy it and keep the price the same

→ potential consequences

- He will sell more at a lower price

- may not be able to continue to produce it themselves at that price

- company could go bankrupt, investors get affected because of that – investors out of pocket