you will present a critical review of McKinsey's latest dark chapter, the opioid scandal which the...

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you will present a critical review of McKinsey's latest dark chapter, the opioid scandal which the company settled with $574m in February 2021 (FT 2021).

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you will present a critical review of McKinsey's latest dark chapter, the opioid scandal which the company settled with $574m in February 2021 (FT 2021).

To develop the art of great business podcasts, you are invited to listen to Episodes 01, 02 and 03 ofThe Company Doctor Podcast Series(available here:Link(Links to an external site.)). These episodes strike a great balance of gravity (professionalism) and levity (lightness).

TOPIC. The McKinsey's opioid scandal. Your audience is a global business audience and your story must bring something interesting and new to them. After briefly presenting what happened at McKinsey, you will discuss and present your take on the following 5 points: 1.1) which ethical issues sit the core of this story; 1.2) who was involved and which role they played; 1.3) what is the McKinsey's ethical framework (culture, code of ethics/conduct, people etc.) and what went wrong; 1.4) how could have McKinsey avoided this scandal 1.5) what should McKinsey do in the aftermath.

ft28202129tompetersmckinseye28099sworkonopioidsalesrepresentsanewlow-tqebmujv.pdf ft28202129thebigread-mckinsey22itneedstochangeitsculture22-ismckinseylosingitsmystique3f-vcdadqpx.pdf mckinsey28202129codeofconduct-vsgvnmu3.pdf

Sumit · Accepted Answer

McKinsey the consulting firm was under investigation for the marketing campaign it designed to boost the sales of the painkiller Oxycontin developed by Purdue Pharma. As per the prosecutors of the case McKinsey had developed strategies to turbocharge the sales of painkiller Oxycontin by contacting doctors known to be high prescribers of the painkiller and higher dose than actually required by the authorities. The prosecutors said that the consulting firm made millions of dollars from such a marketing campaign and this strategy of the firm was also adopted by other firms involved in the industry to develop the same marketing and sales campaign. As per the California Attorney General Xavier Becerra, the firm has been part of a machinery that destroyed many lives. 
McKinsey in their statement said that the work they performed for Purdue Pharma was lawful and also denied any wrongdoing. The settlement was made with 49 states,

you will present a critical review of McKinsey's latest dark chapter, the opioid scandal which the company settled with $574m in February 2021 (FT 2021). Below are three resources to help you get...

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