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In: Operations Management

In regard to herbal medicine marketing, what is the implication of 1. legislation, 2.regulations 3. codes...

In regard to herbal medicine marketing, what is the implication of 1. legislation, 2.regulations 3. codes of ethics . what are the legislation, regulations and codes of ethics to consider when doing the marketing of herbal medicine(400 words)

Solutions

Expert Solution

The implication of legislation in herbal medicine marketing is as follows:

  • The legislation includes a high level of commitment to ensure efficacy, quality and safety of herbal medicines through strong policy system.

The implication of regulation in herbal medicine marketing is as follows:

  • Regulation for these medicines comes under National Drug law that is responsible to regulate pharmaceuticals.

The implication of code of ethics in herbal medicine marketing is as follows:

  • The ethical strategy of the herbal medicine marketing is to focus similar standards used for human subjects.


?At time of marketing of herbal medicines, the legislation, regulations and code of ethics that needs to be considered are as follows:

  • Mechanisms used in such kind of marketing helps to enable high standards of regulation with effective communication from pharmaceuticals company to patients and healthcare providers.
  • Stakeholders in such kind of industries works on good regulatory framework and robust codes of practice.
  • They must have research ethics includes scientific validity, favorable risk benefit ratio, collaborative partnership and social values.
  • Specific challenges needs to be considered and should be addressed for proper ethical practice.
  • There is special biological challenge associated with herbal medicines as if they are safe for every human being.



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