Discuss the challenges of rapid growth and/or creating high revenues by treating patients in a medical setting, including ethical challenges of increasing volume to increase profit e.g. profits versus ethics.
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Hi,
Excellent question!
RESPONSE:
1. Discuss the challenges of rapid growth and/or creating high revenues by treating patients in a medical setting. Using the Individual Project, consider temptations of increasing volume to increase profit and discuss profits versus ethics.
The challenges presented here have to do with two competing values related to two business objectives: first, legally every business is expected to make a profit and secondly, ethically, every business needs to be socially responsible to provide the best care. That means that you would need to ethically/morally resist the temptation to increase volume just for the sake of making a profit; this is morally …
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