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The Cost of Manipulation: The Irresponsible Abuse of Technological Opacity in the Pharmaceutical Industry

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The Cost of Manipulation: The Irresponsible Abuse of Technological Opacity in the Pharmaceutical Industry

*** This article explores the risks associated with the irresponsible use of technology in the pharmaceutical industry, including scientific manipulation in drug trials, scientific misrepresentation through ghost-written publications, and abuse of technology through the misrepresentation of risks. The article highlights the negative impacts of these practices on patients, healthcare professionals, and society as a whole. It discusses the problems caused by selective reporting and manipulation of data, ghost-writing, and the misrepresentation of risks associated with drugs after they are on the market. The article emphasizes the need for transparency, legislation, and whistleblowers to ensure the integrity of the pharmaceutical industry and protect the public from harm. ***

Prescription medication is strewn out upon US currency.

The pharmaceutical industry plays a vital role in society by developing and producing life-saving drugs. The industry stands out for its singular goal of combatting illnesses and ailments, thereby making a direct and significant contribution towards enhancing people’s lives worldwide. By concentrating on a fundamental human necessity like healthcare, this sector has demonstrated exceptional profitability, prosperity, and sustained growth over time. Despite the significant benefits that the pharmaceutical industry provides to society, its operations have been marred by various forms of worrisome and irresponsible behavior.

One such practice is abusive price gouging, whereby pharmaceutical companies increase the prices of essential drugs to exorbitant levels, thereby making them unaffordable to many patients who need them. This unethical practice has been a significant source of public outcry and has brought the sector under close scrutiny (Harley, 2018; Yu, 2022).

In addition to price gouging, there have been cases of pharmaceutical companies engaging in unethical corporate cartels, which undermine competition and innovation in the industry. Such cartels can manipulate prices, limit supply, and stifle the entry of new players into the market. Moreover, the pharmaceutical industry is characterized by a high degree of technological opacity, which can be exploited by unscrupulous actors.

This article focuses on the latter phenomenon exploring issues related to the irresponsible use of technology, through activities consisting of suppressing, trivializing, and over-marketing the hidden risks of drugs, which leads to consumers experiencing negative side effects or becoming addicted to a drug without knowing it.

In particular, this article will focus on three key areas: scientific manipulation in drug trials, scientific misrepresentation through ghost-written publications, and abuse of technology through the misrepresentation of risks. By exploring these issues in depth, the article aims to shed light on the negative impacts of these practices on patients, healthcare professionals, and society as a whole.

Scientific manipulation in drug trials

Pharmaceutical companies use drug trials as a key strategy in the disruption and manipulation of science. Patients in trials that exhibit positive responses to the medication are handpicked while those with adverse reactions are dismissed (Ausness, 2021). These companies are then selective in their reporting practices, only disclosing reports that produce positive outcomes and disregarding the negative for fear that it may hinder the drug’s approval. (McCarthy 2018, Goldacre, 2014).

The detrimental effects of such exploitation on society are grave. Volunteer patients who willingly subject themselves to the intrusion of clinical trials for the betterment of the community are now being exploited due to ineffective treatment – post-medical trials. Consumers are now forced to medicate with subpar and unduly expensive drugs. The unrelenting pursuit of profits constantly puts lives at risk of avoidable and unnecessary suffering, and unfortunately, this is normalized due to the absence of standard care from pharmaceutical companies, and regulatory bodies as well as the absence of legislation to safeguard against such harms.

Clinical trials are funded by Pharmaceutical companies themselves, giving them the liberty to experiment as they see fit. Thus, they are four times more likely to return favorable results compared to government-funded trials (Lexchin, 2011). The matter is made worse with FDA’s oversight when investigating a drug’s efficacy and safety before its release onto the market. To put this oversight into perspective, If 100 trials were conducted with 98 unsuccessful outcomes, the drug would still be approved solely because of the two successful trials. Despite the overwhelming body of evidence pointing to a harmful effect, unsafe drugs continue to be sold thanks to this generous margin of error allowed to pharmaceutical companies.

In an effort to promote transparency through data reporting, The FDA Modernization Act 1997 mandated companies to register their clinical trials online at ClinicalTrials.gov (Goldacre, 2014). Despite this, companies refused to work in compliance with regulation as reports found that 45% of industry-funded trials still failed to report their findings, rendering the law ineffective (Anderson 2015).

Scientific misrepresentation through ghost-written publications

The manipulation of science persists with ghost-writing, where pharmaceutical companies create publications using the names of renowned academics for product promotion. This practice transgresses numerous ethical standards, and compromises the credibility of medical journals, while also imparting inaccurate perceptions to healthcare professionals, scholars, and the general public regarding the safety and effectiveness of the drug in question (Moffatt and Elliott, 2007).

The use of ghost-writing to manipulate scientific data is emerging as a serious issue in the pharmaceutical industry, as it can lead to harmful consequences for patients. Such risks were evidenced in the VIGOR study in 2000, which was discovered to have been ghost-written and contained false information about the drug Vioxx. The study led to over 140,000 people suffering heart attacks, ultimately resulting in the drug being withdrawn from the market in 2004 (Minasi, 2017).

Similarly, in 2001, GlaxoSmithKline was found to have hired consultants to write an article about the drug paroxetine, used to treat adolescent depression (McHenry and Jureidini, 2008). The publication, authored under the names of 22 medical professionals asserted that the drug was deemed both efficacious and safe. In actual fact, the study was harmful and failed both its primary and secondary trials, causing participants to engage in self-harm and suicidal tendencies. Despite this, the drug continued to be cited as positive in 226 peer-reviewed published articles.

The manipulation of scientific data through ghost-writing can be considered a form of hostile information, which includes various types such as “disinformation”, “misinformation”, and “malinformation” (Grasso, 2022). This topic was explored in an international research project led by Dr. Costantino Grasso, called “Whistling at the Fake: The Crucial Role of Whistleblowers in Countering Disinformation.”

The project, whose findings are available on the Corporate Crime Observatory    (www.corporatecrime.co.uk/whistling-at-the-fake) specifically looked at the implications of these tactics in the pharmaceutical industry and emphasized the importance of whistleblowers and insiders in uncovering these acts and increasing public awareness. In particular in a special episode produced by What Does It Profit? as part of a research project, Dr. Elisabeth Bik and Dr. Ivan Oransky further discussed the challenges faced by reporting doctors and scientists when exposing scientific manipulation and how it can be exposed. Reporting scientists may face personal risks, including job loss, personal information disclosure, and physical retaliation, which may deter them from exposing misinformation. Female whistleblowers may face additional personal attacks on their qualifications and appearance, and groups of individuals who disclose misinformation may face harsher retaliation against women and ethnic minorities (Carpenter, Bik and Oransky, 2022).

Abuse of technology through the misrepresentation of risks

Purdue Pharmaceuticals’ opioid crisis is a classic example of how abuse of technology through the misrepresentation of risk can result in harm to the public. Consequently, to illustrate the challenges related to the misrepresentation of risks related to the use of drugs, it follows a brief analysis of Purdue Pharmaceuticals’ misconduct related to the company’s aggressive marketing campaign of OxyContin, which resulted in it being overprescribed, causing an epidemic of addiction and overdoses. As a matter of fact, the way in which Purdue Pharmaceuticals commercialized OxyContin represents a significant case study exploring the implications of technology abuse and hostile information in the pharmaceutical sector.

OxyContin was a safe and vital form of palliative care when administered properly.  By 2004, it had become the most abused drug in the United States (Van Zee, 2009). Purdue Pharmaceuticals misrepresented and concealed the risk of addiction, and this led to the company’s sales growing from $48 million to $1.1 billion in eight years.

Purdue funded research that determined the drug’s addictiveness, with 8% of patients exhibiting addictive behaviors severe enough to classify as prescription misuse. Instead of using this research to educate the public about its risks, Purdue cited studies praising OxyContin’s safety and efficacy, as seen in Jick and Porter’s letter in The New England Journal of Medicine (Alonso, 2021). Purdue then used this data to devise a conniving marketing strategy, with all published writings, audiotapes, brochures, and videotapes boasting about a low risk of addiction. Sales representatives were trained to persuade the public that the risk of addiction was less than 1% (Van Zee, 2009). Physicians were invited to all-expense-paid conferences where Purdue conducted training sessions on how to speak positively about OxyContin.

This misrepresentation caused prescription rates to skyrocket, with disastrous consequences for the public. Users would frequently visit multiple doctors to obtain multiple prescriptions and numerous instances of robberies and burglaries occurred. As Purdue was profiting from the tragedy, several other pharmaceutical companies saw an opportunity to enter the opioid market and promote their drugs unethically, contributing to the epidemic.

The FDA’s failure to properly utilize its authoritative powers further amplified the opioid crisis (Baumrucker, 2001). Purdue was granted a broad label, allowing OxyContin to be prescribed for common conditions such as back pain or a sprained ankle. Up until 2001, the FDA did not require a black-label warning regarding the risk of addiction, and all marketing campaigns to medical practitioners were halted only in 2018.

The societal repercussions of the opioid epidemic have been substantial, encompassing addiction, homelessness, poverty, and unemployment. The evidence shows that Purdue has failed in its obligation to safeguard the welfare of the public, thereby highlighting yet another misalignment between the interests of the pharmaceutical sector and the interests of the public health domain.

In 2007, Purdue pled guilty to criminal charges regarding the misbranding of OxyContin with a $634 million fine. In 2020, Purdue pled guilty to fraud and kickback conspiracies involving aiding and abetting violations of the Food, Drug, and Cosmetic Act by facilitating the dispensing of its opioid products, including OxyContin, without a legitimate medical purpose, and thus without lawful prescriptions. Under the terms of the plea agreement, Purdue agreed to the imposition of the largest penalties ever levied against a pharmaceutical manufacturer, including a criminal fine of $3.544 billion and an additional $2 billion in criminal forfeiture (US Department of Justice, 2020). In 2022, Purdue Pharma reached a separate $6 billion settlement to stop all civil lawsuits (Knauth, Stempel, and Hals, 2022). Pharmaceutical companies across the country commonly pay fines in the event of exploitation. However, it seems evident that these fines have no financial impact on pharmaceutical companies as they continue to generate billions of profits annually, allowing them to continue their unethical practices.

Conclusion

The irresponsible use of technology in the pharmaceutical industry has resulted in significant negative impacts on patients, healthcare professionals, and society as a whole. The article has explored three key areas of concern, including scientific manipulation in drug trials, scientific misrepresentation through ghost-written publications, and the abuse of technology through the misrepresentation of risks. Such practices have led to the approval and sale of inferior or dangerous drugs, misleading information about drug safety and efficacy, and overprescribing of addictive drugs. To address these issues, increased transparency, accountability, and regulation are needed in the pharmaceutical industry. Additionally, whistle-blowers and insiders play a crucial role in uncovering these acts and increasing public awareness. Ultimately, protecting the health and well-being of patients must be the priority for the pharmaceutical industry, and the responsible use of technology can help achieve this goal.

References

Alonso JS, “Purdue Pharma Deceptive Research Misconduct: The Importance        of the Use of Independent, Transparent, Current Research” (Voices in Bioethics), available at: https://journals.library.columbia.edu/index.php/bioethics/article/view/7786

Anderson ML and others, “Compliance with Results Reporting at Clinicaltrials.gov” (2015) 372 New England Journal of Medicine 2370

Ausness RC (2021) 71 Corporate Misconduct in the Pharmaceutical Industry 11

Baumrucker SJ, “OxyContin, the Media, and Law Enforcement” (2001) 18 American Journal of Hospice and Palliative Medicine 154

Carpenter D, Bik E, and Oransky I, ‘What Does It Profit? – Whistling at the Fake – Podcast “The Value of Truth in Science“’ (Corporate Crime Observatory, 09 March 2022), audio recording available at: www.corporatecrime.co.uk/podcast-the-value-of-truth-in-science

Goldacre B, Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients (Faber and Faber 2014)

Grasso C, Whistling at the Fake International Final Conference,’ Day 1, Opening Session (Corporate Crime Observatory, 5 May 2022), Video recording at 11:50, available at: www.corporatecrime.co.uk/whistling-at-the-fake-final-conference-day1-intro

Harley K, “The alarming rise in the costs of drugs and the irresponsible behavior of pharmaceutical companies” (2018) Corporate Social Responsibility and Business Ethics Blog, available at: https://corporatesocialresponsibilityblog.com/2018/06/14/costs-of-drugs

Knauth D, Stempel J, and Hals T, “Sacklers to pay $6 billion to settle Purdue opioid lawsuits” (2022) Reuters available at www.reuters.com/business/healthcare-pharmaceuticals/sacklers-will-pay-up-6-bln-resolve-purdue-opioid-lawsuits-mediator-2022-03-03

Lexchin J, “Those Who Have the Gold Make the Evidence: How the Pharmaceutical Industry Biases the Outcomes of Clinical Trials of Medications” (2011) 18 Science and Engineering Ethics 247

McCarthy E., ‘The Pharma Barons: Corporate Law’s Dangerous New Race To The Bottom In The Pharmaceutical Industry’ (2018) 8 Michigan Business & Entrepreneurial Law Review.

McHenry LB and Jureidini JN, “Industry-Sponsored Ghostwriting in Clinical Trial Reporting: A Case Study” (2008) 15 Accountability in Research 152

Minasi D (2017) 86 Confronting the Ghost: Legal Strategies to Oust Medical Ghostwriters

Moffatt B and Elliott C, “Ghost Marketing: Pharmaceutical Companies and Ghostwritten Journal Articles” (2007) 50 Perspectives in Biology and Medicine 18

US Department of Justice, “Opioid Manufacturer Purdue Pharma Pleads Guilty to Fraud and Kickback Conspiracies” (2020) available at: www.justice.gov/opa/pr/opioid-manufacturer-purdue-pharma-pleads-guilty-fraud-and-kickback-conspiracies

Van Zee A, “The Promotion and Marketing of Oxycontin: Commercial Triumph, Public Health Tragedy” (American journal of public health2009) available at: https://pubmed.ncbi.nlm.nih.gov/18799767

Yu C, “Pfizer/Flynn medicine monopoly and the NHS: A corporate exploitation of public resources in the United Kingdom” (2022) Corporate Social Responsibility and Business Ethics Blog. Available at: https://corporatesocialresponsibilityblog.com/2022/11/02/pfizer-flynn-phenytoin-uk

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Bringing Humanity Back to Service, Sales, and Marketing

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Bringing Humanity Back to Service, Sales, and Marketing

The thing I really like about my work is the ability to see the things that most of us are just too busy — or maybe distracted or biased — to see in order to bring people together for a greater purpose.

These are the wonderful words of Brian Solis, Head of Global Innovation at ServiceNow, keynote speaker, and 8x best-selling author, on what inspires him in his work.

It can be easy for anyone working in marketing, sales, or service to forget that real people are on the other side of every interaction, especially in a digital- and AI-first world. But Brian aims to bring humanity back into marketing.

“Technology can take humanity out of the equation,” he says when companies lean too heavily on tech stacks. As a result, we tend to focus too much on transactional metrics like clicks and open rates and conversions and sales instead of trying to build relationships.

“Once you know more about the people you’re trying to reach,” he says, “the sales or the nurturing or the conversations will happen.”

A practicing futurist and digital anthropologist, Brian believes that AI allows marketers to get closer to people.

“Somewhere along the way, we confused technology with transactions,” he says. Sales, marketing, and service executives should approach AI by thinking about how they want customers to feel rather than what they want customers to do.

“If you think differently about technology as investing in relationships and meaningful outcomes,” he says, you’ll get exponential returns.

On this episode of Be a Marketer, Brian and host Dave Charest, Director of SMB Success at Constant Contact, discuss how business owners, founders, and Fortune 500 executives can put people back in the equation in their digital marketing and AI use.

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Six Steps To Harnessing The Influence Of AI In Advertising And Beyond

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Six Steps To Harnessing The Influence Of AI In Advertising And Beyond

Fernando Beltran is the Founder and CEO of Identika, an Inc. 5000 and Davey Award Winner creative agency.

In the upcoming five years, AI is set to become as widespread as the internet itself. Marketers need to learn how to harness this new “utility” to develop innovative marketing strategies, automate complex tasks, and improve time to market. Through my years in health marketing and social media growth strategies, I’ve been able to lead my company to fast growth, ranking high on last year’s Inc. 5000 list. And harnessing the power of AI has played a huge role in our ability to stay ahead of the curve.

To help other marketing leaders, I asked six members of Forbes Agency Council AI Group, a community I lead, to share skills that they believe will be most critical to prepare for the growing influence of AI in advertising and beyond.

1. Understand how search engines use AI to process data.

Over the next five years, marketers must understand how search engines use AI to interpret and process data to deliver better results for their SEO campaigns. Search engines have been moving to language-agnostic models and semantics, so it’s crucial to understand language and how humans process information. Using AI tools can speed up our own understanding of language, so it’s a plus! – Kevin Dam, Aemorph

2. Foster ‘AI-enhanced creativity.’

“AI-enhanced creativity” is a crucial long-term focus for marketers. AI can analyze large datasets, create personalized content, optimize creative variations in real-time, ideate based on current trends and historical data, and more. As marketers, we must build an understanding of AI’s capabilities, enabling us to integrate these use cases, while maintaining ethical guidelines and human values. – Mustafa Saeed, Paul Street

3. Do your research first.

Before overreacting, do your research to inform your strategy. How might you incorporate AI into workflows? Can this type of skillset be outsourced or built in-house? How might the shift toward a more AI-enhanced agency impact client expectations and agency deliverables? How might adopting AI make your team more nimble? Pausing to reflect first will only lead you toward a more effective strategy. – Allison Minutillo, Primacy

4. Have a mindset of adaptability.

I believe that as marketing professionals, having an adaptable mindset to new AI tools is key, not just AI itself. We must learn to leverage AI-powered content tools for improved content creation and AI-powered automation tools for efficient budget management in paid ads. It’s about embracing AI’s benefits and integrating them into our strategies. – Muhammad Eltiti, BOOST

5. Create personalized experiences.

Marketers must develop the ability to use AI-powered tools and applications to create personalized experiences for customers. By collecting data about customer behavior, preferences and interests, marketers can use AI to create personalized marketing messages, offers and content that is more likely to resonate with customers. This can lead to increased customer engagement and conversion rates. – Hasan Saleem, DSS MEDIA

6. Leverage it to empower executive leadership.

Combine the strategic vision with AI capabilities for data analyses, research and predictions. During the next five years, AI strategy will become a vital company strategy growth component, providing much better visibility of where the company is moving forward. Such visibility will empower executive leadership with better focus and opportunities and the ability to counterweight the risks. – Oksana Matviichuk, OM Strategic Forecasting


Forbes Agency Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?


New mobile dental clinic serves low-income seniors in Oxford, Elgin

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New mobile dental clinic serves low-income seniors in Oxford, Elgin

Call it a different kind of motor mouth.

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Call it a different kind of motor mouth.

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The health unit in Elgin and Oxford counties is taking dental care on the road, turning a mini-bus into a clinic on wheels with funding from a provincial program for low-income seniors who can’t afford to see a dentist.

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“Access to care is a huge issue for many people in our jurisdiction because there isn’t public transport. We wanted to bring services to our clients,” said David Smith, healthy foundations program director at Southwestern Public Health. “We’re hoping the uptake is going to be big in those smaller communities.”

Southwestern’s mobile dental clinic cost about $550,000, Smith said. Workers retrofitted a bus with state-of-the-art equipment you’d find in a regular dental office, including a dental chair, tools for fillings and cleanings and monitors so staff can review oral hygiene education with patients. The walls of the bus are lead-lined to accommodate the X-ray machine inside, Smith said.

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“There’s room to have a dentist and dental assistant, or a dental assistant and a dental hygienist provide treatments,” he said. “Anything you can do in a dental office, you can do in this vehicle.”

The mobile clinic hit the streets weeks ago and is making stops at community centres in West Lorne, Dutton, Tillsonburg and Vienna in the coming weeks. The bus is out one day a week at this point, but the health unit is hoping to scale up to two or three times a week in the coming months, Smith said.

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“We’re also looking at if there are any clients in the seniors dental care program that are homebound or in long-term care facilities, so we can bring the vehicle right to their house or facility to help these people,” he said, adding the mobile dental clinic can see five to eight patients a day.

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The health unit put a business case to the province that involved a brick-and-mortar dental clinic at Woodstock’s community health centre and the creation of a mobile unit to reach far-flung parts of the two counties. The dental bus concept had been successfully tried by other health units, and Southwestern officials thought it would be a good fit for them, Smith said.

The province came back with funding for the projects and health unit officials put the mobile dental clinic out to tender, Smith said.

The mobile clinic is seeing patients eligible for the province’s senior dental care program that launched in 2019. It provides eligible low-income adults 65 and older with checkups, cleanings, X-rays and oral surgery.

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Unlike Ontario’s Healthy Smiles program for children — which allows eligible low-income kids to seek care at a dental office of their choosing — the senior dental care program is fully run by health units.

The threshold for the senior dental care program is an annual net income of $22,200 or less for one person or a combined income of $37,100 or less for a couple. The program is open only to seniors without other dental benefits or coverage.

Southwestern has had nearly 1,000 patients seek service under the provincial program to date, Smith said. Patients first do an intake appointment at the health unit’s Woodstock clinic, but ones from areas served by the mobile clinic have the option of booking there at subsequent appointments, he said.

In June, the Middlesex-London Health Unit opened a dental clinic in Strathroy for low-income seniors. The health unit also has a dental clinic at its Citi Plaza headquarters in London.

[email protected]

Twitter.com/JenatLFPress

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Accounting and Hegemony in Multinational Corporations

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Accounting and Hegemony in Multinational Corporations

*** This article illustrates Dr. Samar Riaz’s doctoral research on accounting’s role in reinforcing and challenging hegemonic power structures. Using Nestlé as a case study in Pakistan, the author explores how traditional accounting practices consolidate elite power at the expense of society. They draw on Antonio Gramsci’s concept of hegemony to explain how the ruling class maintains dominance through intellectual leadership and control of the dominant narrative. The author argues that accounting upholds the interests of the ruling elites, promoting the dominant economic market rationality. He criticizes the historical use of accounting to perpetuate cultural hegemony, including during the colonial era. Accounting and auditing firms are also criticized for failing to identify corporate misconduct and shaping the dominant narrative despite unethical practices.
The article emphasizes the importance of counter-accounts that challenge the dominant narrative and provide alternative perspectives. These counter-accounts should represent the voices of those affected by corporate activities and be considered alongside mainstream accounting practices. The collapse of Silicon Valley Bank and the role of accounting firms in hiding information are cited as examples of potential accounting misuse. In conclusion, Dr. Samar Riaz calls for a more balanced and inclusive approach to accounting that includes counter-accounts. By amplifying diverse voices and perspectives, he believes a fairer future can be shaped challenging the hegemony of the accounting industry. ***

This doctoral study[1] brings together over four years of research, exploring both the hegemonic and counter-hegemonic roles of accounting, and have led to the publication of the thesis entitled: “Accounting and counter accounting of Creating Shared Value: A case study of Nestlé’s water business in Pakistan.”[2]

The study focuses on Nestlé, a multinational food and beverage company in Pakistan, examining how traditional accounting and auditing practices consolidate elite power at the expense of broader society.[3] Additionally, the research considers the emergence of counter-accounting, which offers a more emancipatory potential. Various scholarly sources, including Goddard (2002), Li & McKernan (2016), Tweedie (2022), and Ferry & Slack (2022), are referenced in this regard.

The term “hegemony” has different interpretations across disciplines. Antonio Gramsci, an Italian political thinker and activist, provides a conceptual framework for understanding hegemony as a means by which the dominant class establishes control over subordinate classes and social groups. Gramsci’s analysis of hegemony originated from his efforts to comprehend how the capitalist state sustained itself in highly developed Western nations. He discovered that in advanced capitalist societies, elite rule and domination primarily relied on the consent of the subjugated masses. Legitimacy for this rule is derived through intellectual and moral leadership, as well as control of the dominant narrative within society, facilitated by social, cultural, and economic institutions. Gramsci’s analysis encompasses an examination of how capitalist ideas are disseminated and normalized among the population, even when they undermine their interests.

Accounting is argued to be one such institution that contributes to the perpetuation of hegemonic power. Its practices are extensively employed in contemporary society to propagate the dominant economic market rationality across social and cultural spheres, serving the interests of ruling and dominant elites. The research demonstrates how accounting, as an economic institution with origins dating back at least 10,000 years, plays a significant role in upholding elite-dominated cultural hegemony. Existing literature, including Cooper (1995) and Alawattage & Wickramasinghe (2008), extensively discusses the influence of the accounting industry in shaping narratives during colonial plundering, enriching colonial powers at the expense of the colonial subjects. Moreover, the power and influence of accounting firms in present-day society are undeniable. Despite their repeated failures in identifying corporate misconduct and involvement in concealing such behavior, these firms manage to maintain legitimacy and shape the dominant narrative. The corporate accounts and CSR statements audited by these firms are often regarded as the sole representation of reality, disregarding the one-sided and potentially misleading nature of such accounting practices when contrasted with counter-accounts from those directly affected by corporate activities.

Various examples highlight the use of accounting practices to conceal crucial information and reinforce hegemonic discourse. One recent example involves the collapse of Silicon Valley Bank (SVB),[4] which was one of three American banks to fail in March 2023. KPMG, one of the Big Four accounting firms, faced criticism for providing clean audits for SVB, Signature, and First Republic Banks shortly before their collapses. KPMG’s track record has raised concerns about the auditing industry’s failure to anticipate major corporate meltdowns in recent decades. In the case of SVB, accounting techniques were used to obscure the impact of market risks on the bank’s financial stability and valuation. Serious deficiencies in accounting, transparency, and supervision, alongside institutional and regulatory failures, were identified as significant factors contributing to SVB’s collapse, with broader implications for emerging markets. Taxpayers in the UK and USA are once again burdened with bailouts while failing bank executives receive bonuses, exemplified by SVB UK’s distribution of over 15 million sterling in bonuses shortly after the HSBC rescue.[5]

While no whistleblower has come forward thus far, Pulte Capital CEO Bill Pulte has offered a reward for an SVB whistleblower to provide testimony on the consequences of bailing out depositors and the impact of the collapse on mortgages. Whistleblowers have previously alleged that Credit Suisse helped wealthy Americans evade U.S. taxes for years using accounting techniques to hide assets. Additionally, market observers raised concerns when the CEO of Silicon Valley Bank Financial sold $3.6 million in stock just before the crash.

Given the abundance of recent examples, it is evident that more counter-accounts are necessary to challenge the hegemony of the accounting industry, which has repeatedly failed to protect the public from the exploitative activities of multinational corporations and the banking sector. Including diverse voices and accounts, as emphasized in the thesis, holds significant potential for a more balanced and comprehensive representation of reality, contributing to the pursuit of a fairer future.

References

Alawattage, C. and Wickramasinghe, D., 2008. Appearance of accounting in a political hegemony. Critical Perspectives on Accounting, 19(3), pp.293-339.  

Cooper, C., 1995. Ideology, hegemony and accounting discourse: a case study of the National Union of Journalists. Critical Perspectives on Accounting, 6(3), pp.175-209.  

Ferry, L. and Slack, R., 2022. (Counter) accounting for hybrid organising: a case of the Great Exhibition of the North. Accounting, Auditing & Accountability Journal, 35(3), pp.681-705.  

Goddard, A., 2002. Development of the accounting profession and practices in the public sector–a hegemonic analysis. Accounting, Auditing & Accountability Journal, 15(5), pp.655-688.  

Helmore, E. 2023. Why did the $212bn tech-lender Silicon Valley bank abruptly collapse?. The Guardian.

Li, Y. and McKernan, J., 2016. Human rights, accounting, and the dialectic of equality and inequality. Accounting, Auditing & Accountability Journal.  

Motarjemi, Y., 2020. Whistleblowing, Labour Law, corporate culture and risk management in Multinational Enterprises. The Corporate Social Responsibility and Business Ethics Blog.  

Ring, D. and Grasso, C., 2023. Beyond Bribery: Exploring the Intimate Interconnections Between Corruption and Tax Crimes. Law and Contemporary Problems 85(4), pp. 1-47.  

Tweedie, J., 2022. The emancipatory potential of counter accounting: A Žižekian critique. Critical Perspectives on Accounting, p.102505.  

Waymire, G.B. and Basu, S., 2008. Accounting is an evolved economic institution. Foundations and Trends® in Accounting, 2(1–2), pp.1-174.


[1] Dr. Samar Riaz is a Lecturer in Business and Management at the Globe Business College Munich. He also serves as a Consultant, Educator, Coach, Speaker, and Podcast Host.
[2] The thesis is available online at: https://diglib.uibk.ac.at/ulbtirolhs/content/titleinfo/8314195
[3] For an insightful account of the challenges faced at Nestlé, see Dr. Yasmine Motarjemi, “Whistleblowing, Labour Law, corporate culture and risk management in Multinational Enterprises,” Corporate Social Responsibility and Business Ethics Blog’s End-of-Year Seminar Series 2020, organized by Dr. Costantino Grasso, Dr. Dawn Carpenter, and Dr. Luca d’Ambrosio, (2020), available at:https://corporatesocialresponsibilityblog.com/2020/10/15/motarjemi-whistleblowing/
[4] See Edward Helmore, Why did the $212bn tech-lender Silicon Valley bank abruptly collapse?, The Guardian, March 17, 2023, www.theguardian.com/business/2023/mar/17/why-silicon-valley-bank-collapsed-svb-fail
[5] For an analysis of the problematic aspects related to the relationship between power and tax abuses see Diane Ring & Costantino Grasso, Beyond Bribery: Exploring the Intimate Interconnections Between Corruption and Tax Crimes, 85 Law and Contemporary Problems 1-47 (2023), available at:https://scholarship.law.duke.edu/lcp/vol85/iss4/2/

Disclaimer

The views, opinions, and positions expressed within all posts are those of the author(s) alone and do not represent those of the Corporate Social Responsibility and Business Ethics Blog or its editors. The blog makes no representations as to the accuracy, completeness, and validity of any statements made on this site and will not be liable for any errors, omissions, or representations. The copyright of this content belongs to the author(s) and any liability concerning the infringement of intellectual property rights remains with the author(s).

#Accounting #Accountants #Research #PhD #Hegemony #CounterHegemony #Nestle #Auditing #Business #CorporateSocialResponsibility #Gramsci #Justice #SocialJustice #Corporations #Whistleblower #Banking #Banks #FairFuture #CSR #corporate #businessethics #ethics #transparency #CSRBlog #CCO #corporatecrimeobservatory

Aspartame Debate: Are Economic Interests Clouding the Truth?

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Aspartame Debate: Are Economic Interests Clouding the Truth?

*** This article explores the recent reclassification of aspartame, a widely used artificial sweetener, by the World Health Organization (WHO) as “Possibly Carcinogenic to Humans.” The move has stirred varying responses from regulatory bodies, companies, and media outlets, highlighting the complexities that consumers face in discerning fact from opinion in matters of public health. The United States Food & Drug Administration (FDA) has openly disagreed with WHO’s assessment, while major beverage corporations have shown little inclination to alter their product formulas. Media coverage has further exacerbated the issue by adopting disparate approaches to communicating scientific uncertainty. Beyond the question of the actual toxicity of aspartame, the article underscores the ethical principle surrounding the difficult “predictability” of the harmfulness of certain chemicals. Amid this climate of uncertainty and its potential impact on global health, the article argues for the pressing need for greater transparency, ethical conduct, and responsibility from all parties involved—regulatory agencies, corporations, and the media. It serves as a call for a collective commitment to navigate scientific ambiguities in a manner that prioritizes public welfare. ***

Aspartame (sweetener) chemical composition

Aspartame is a well-known artificial (chemical) sweetener widely used in various food and beverage products since the 1980s, including diet drinks, chewing gum, gelatin, ice cream, dairy products such as yogurt, breakfast cereal, toothpaste, and medications such as cough drops and chewable vitamins (Word Health Organization 2023b).

On July 14, 2023, a group of 25 scientists from 12 different nations convened at the International Agency for Research on Cancer (IARC) in Lyon, France. Their primary agenda was to conclude their assessment of the carcinogenic potential of aspartame (along with methyleugenol[1] and isoeugenol[2]).

Following extensive deliberations, the IARC together with the Joint FAO/WHO Expert Committee on Food Additives (JECFA)[3] classified aspartame as a substance that is “possibly carcinogenic to humans” (Riboli 2023). For many years, aspartame has remained at the center of debates concerning its possible cancer-inducing effects. Consumers have often found themselves at a crossroads, choosing between food and drinks sweetened with traditional sugar and those that are low-sugar or sugar-free. These sugar-free options commonly make use of artificial sweeteners, usually aspartame. The decision to opt for sugar-free products stems from the purpose of reducing daily caloric consumption and combating obesity, a condition that may be itself a health hazard and can increase the risk of cancer.

The Early 2000s Controversy: Ramazzini Institute’s Alarming Findings and the UK Political Debate

Questions surrounding the safety of consuming products that contain aspartame have persisted for over two decades. In 2005, scholars from the Ramazzini Institute for Cancer Research in Italy argued that their investigation revealed a link between aspartame and the development of lymphomas and leukemia in female lab animals. The doses used in their study were notably similar to the acceptable daily intake levels designated for humans. Consequently, the researchers advocated for a comprehensive reassessment of the existing guidelines concerning the utilization and consumption of this artificial sweetener (Lawrence 2005a).

After reviewing the relevant research, the European Food Safety Authority (EFSA) opted to maintain the existing recommended daily intake for aspartame, under which the substance is deemed non-harmful. This recommended dosage is established at 40 mg per kilogram of body weight, while typical aspartame consumption levels in Europe generally hover around 10 mg per kilogram of body weight per day (EFSA 2006).

In 2005, concerns about the dangers of aspartame were raised also before the English Parliament by Roger Williams, MP for the constituency of Brecon and Radnorshire with a degree in Natural Sciences. He asserted that “the history of the approval of aspartame puts public health regulators and politicians to shame” (Lawrence 2005b).

These remarks appear to highlight potential irregularities in the American political decision-making process followed in the late 1970s to allow the commercial use of aspartame, possibly implicating the role of strategic lobbying efforts. In order to appreciate them it is necessary to briefly look at the history of aspartame, how it was discovered, and its use legalized.

In 1965, chemist James M. Schlatter, employed by G.D. Searle & Company, inadvertently discovered aspartame. Intriguingly, Schlatter was not aiming to create a sweetener; his focus was on developing medications for ulcer treatment. The unexpected discovery of aspartame’s sweetness occurred when Schlatter tasted some residue on his finger, a practice that violated standard safety protocols in the lab (Czarnecka 2021).

Initially, the path toward the legalization of aspartame as a food additive was fraught with obstacles. The Delaney Amendment to the Pure Food and Drug Act stipulated that the U.S. Food and Drug Administration (FDA) could not approve any food additive that could potentially cause cancer (Merrill 1988). Consequently, in 1977, the FDA proceeded to ban saccharin, a decision influenced by a Canadian study that demonstrated a link between the artificial sweetener and bladder cancer in lab rats (Nill 2000).

The Food and Drug Administration’s ban on the artificial sweetener saccharin produced widespread reverberations, largely because there were no immediate alternatives for artificial sugar available in the market. The move encountered resistance from the commercial sector, notably from Coca-Cola Co., Inc., which expressed its disappointment with the FDA’s stance, as they produced multiple beverages labeled as “sugar-free” (Egan 1977).

Paradoxically, the ban on saccharine translated into a golden opportunity for the introduction of aspartame and its large-scale production. The thorny issue, however, concerns the political decision-making process that led to the approval of the use of the chemical sweetener. Specifically, in 1977, Donald Rumsfeld, who would later become the defense secretary under President George Bush, was the CEO of the pharmaceutical company GD Searle, the manufacturer and patent owner of aspartame. Rumsfeld was candid about his intent to leverage his political ties to gain approval for this artificial sweetener. Later, in 1981, Ronald Reagan took office as the President of the United States. Rumsfeld, who served on Reagan’s transition team, was instrumental in letting the president issue an executive order that temporarily stripped the FDA’s head of authority to make any decisions regarding aspartame. It appears that, just a month after that, Reagan appointed Arthur Hayes as the new head of the FDA, who eventually approved the use of aspartame (Gabirro 2023, p. 460).

During the debate ignited in 2005, it is possible to identify the industry’s clear effort to deploy scientific arguments as a means to downplay the problematic aspects related to the consumption of aspartame. Specifically, the debate revolved around the chemical composition of the sweetener, which breaks down into three components: a methyl ester and two amino acids, phenylalanine, and aspartic acid. The industry consistently stressed that these substances naturally appear in food and beverages, implying no additional health risks. However, as UK MP Roger Williams noted, this assertion disregarded the intricate science that renders each component harmful to humans when present in aspartame. In natural foods, phenylalanine and aspartic acid are bound to other amino acids in long, complex chains of proteins, preventing them from being absorbed in a manner that could be damaging. In aspartame, however, they are not bound in this way, and enzymes in the gut can easily separate them (Lawrence 2005b).

Renewed Concerns in 2022: NutriNet-Santé Study and Cancer Risk

In any case, despite doubts about the approval process of aspartame and the emerging scientific concerns, aspartame continues to be used to this day. The aspartame market is global and extremely expansive, and the economic interests tied to its use are significant. This economic situation would make it complicated the removal of the artificial sweetener from the market. Key players in the aspartame market are powerful chemical and pharmaceutical industries, which currently include The Holland Sweetener Company, Taj Pharmaceuticals Ltd, Niutang Chemical Ltd, Sinoway International (Jiangsu), and The Nutrasweet Company (Monsanto). To fully assess the economic impact of the production and use of aspartame, it is also necessary to consider huge multinational enterprises that use aspartame in their products, particularly in the area of food and beverage products (e.g., The Coca Cola Company and PepsiCo). Globally, the most important markets for aspartame are North America, the Asia-Pacific region—which is anticipated to experience significant growth in the coming years due to the approval of governing authorities on the use of intense sweeteners—and Europe, which was recorded as the third-largest aspartame market in 2015 (Market Data Forecast 2023).

In 2022, concerns resurfaced about the possible carcinogenic properties of aspartame. The NutriNet-Santé research group conducted an extensive analysis of cancer incidence in more than 100,000 French adults. The study relied on meticulous 24-hour dietary logs that participants completed multiple times. These detailed records, which included the names and brands of all consumed commercial food items, facilitated the calculation of total intake of artificial sweeteners. After a median monitoring period of approximately eight years, the study revealed a marginally increased risk of developing cancer among individuals who consumed artificial sweeteners compared to those who did not. Specifically, individuals with higher levels of artificial sweetener consumption faced a 1.13 times greater likelihood of being diagnosed with cancer (National Cancer Institute 2023).

Moreover, the study took into account existing research that connects artificial sweeteners to obesity, and in turn, obesity to at least 13 different types of cancer. Intriguingly, the risk of obesity-related cancers also surged by a factor of 1.13 among those who consumed higher quantities of artificial sweeteners, echoing the general cancer risk. This aligns the findings with broader inquiries into the health implications of artificial sweetener consumption, adding a nuanced layer to the ongoing debate (National Cancer Institute 2023).

The World Health Organization’s decision: Aspartame Classified as “Possibly Carcinogenic”

It is precisely on the basis of these new studies that scientists have once again turned their attention to the potential harm of aspartame. Following this renewed focus, the World Health Organization (WHO) released its “Aspartame hazard and risk assessment results” on July 14, 2023. As a result of this assessment, aspartame has been classified as “possibly carcinogenic to humans” (Group 2B) (Word Health Organization 2023b). This classification places aspartame at the third level of hazard on a scale from one to four.

In this scale, the first level (Group 1) is defined as “Carcinogenic to Humans,” representing the most potentially dangerous category. It includes substances for which there is sufficient evidence of causing cancer in humans, such as tobacco smoking and solar radiation.

The second level (Group 2A), defined as “Probably Carcinogenic to Humans,” encompasses elements with limited evidence of causing cancer in humans and sufficient evidence of cancer in experimental animals. Examples include DDT and consumption of raw meat.

The third level (Group 2B), where aspartame has been placed, is defined as “Possibly Carcinogenic to Humans.” It includes elements with limited evidence of causing cancer in humans and limited evidence of cancer in experimental animals. This is the same category in which gasoline engine exhaust is included.

Lastly, the fourth level (Group 3), defined as “Not Classifiable as to its Carcinogenicity to Humans,” pertains to elements with inadequate evidence for causing cancer in both humans and experimental animals.

See the Word Health Organization graph here https://perma.cc/V7DW-97AM

Hence, the categorization of aspartame within the group of substances labeled as “Possibly Carcinogenic to Humans” does little to instill confidence among consumers regarding the safety of this chemical sweetener. Instead, it overtly highlights the World Health Organization’s (WHO) reservations about the potential carcinogenic effects of aspartame, based on the existing albeit limited scientific evidence.

In essence, the inclusion of aspartame in the “Possibly Carcinogenic to Humans” category suggests that doubts persist about its carcinogenicity according to the WHO’s assessment. If there were no doubts or uncertainties about the safety of aspartame in terms of its lack of toxicity, it would have been categorized as a fourth-level (Group 3)  substance. Moreover, it’s important to highlight that there is a substantial debate surrounding the extent to which chemical sweeteners effectively contribute to managing obesity. This is made more prominent by the recent guidance from the World Health Organization (WHO), which advises against the utilization of non-sugar sweeteners for the purpose of weight management (Word Health Organization 2023a).

In the United States, the Food & Drug Administration (FDA) has promptly issued a response. The agency has conveyed that although it is “aware of the International Agency for Research on Cancer (IARC) and Joint FAO/WHO Expert Committee on Food Additives (JECFA) conclusions about aspartame issued July 14, 2023, […] the FDA disagrees with IARC’s conclusion that these studies support classifying aspartame as a possible carcinogen to humans […] FDA scientists do not have safety concerns when aspartame is used under the approved conditions” (Food & Drug Administration 2023).

The fact that a prominent national agency responsible for protecting public health did not handle a situation with more careful consideration and issued a sudden and definitive response raises questions that merit further exploration and debate. One possible reason could be the agency might have intended to reassure American consumers in an attempt to prevent any major disruptions to the business activities of large economic players who are involved in producing and using aspartame. Even though there are many new types of artificial sweeteners available, including those that are made from plants and fruits, large food companies are not ready to abandon aspartame. This is because aspartame is one of the cheapest sugar alternatives, and people seem to enjoy its taste (Creswell 2023).  

The Industry Reaction: Big Food’s Defiance Against the World Health Organization’s Decision.

Delving into the comprehensive scientific analysis of aspartame’s safety goes beyond the scope of this article. Nevertheless, the emergence of uncertainties regarding the potential toxicity of aspartame, as highlighted by multiple researchers and supported by the World Health Organization (WHO), brings forth two significant considerations within the realm of Corporate Social Responsibility (CSR).

Concerning the initial point, regrettably, a common trend emerges wherein the relevant industry tends to diminish the significance of the matter at hand. This occurs without a display of conduct that places consumer safety at the forefront, especially within a context involving what can be termed as the “predictability issue.” In other words, in a scenario where the unequivocal safety of aspartame for consumption has not yet been definitively established.

In a statement released on July 14, 2023, Coca-Cola Co. affirmed “After the recent comprehensive and rigorous review by global health organizations confirming the position of food safety agencies from more than 90 countries that approve aspartame’s safety, we are not planning to change our recipes containing this ingredient.”

The approach taken by PepsiCo also appears emblematic. In 2015 PepsiCo declared its intent to cease employing aspartame as an artificial sweetener in its Diet Pepsi beverages (Gage 2015). However, in 2016, Pepsi relaunched Diet Pepsi with aspartame following a sharp decline in sales (Whitten 2016). Similar to Coca-Cola Co., PepsiCo affirmed it does not intend to change its product portfolio in response to the WHO’s decision to list aspartame as “possibly carcinogenic to humans” (Rajesh 2023).

The Media Conundrum: Divergent Narratives on Aspartame’s Risk Profile

The second aspect, which is particularly disconcerting, pertains to the potential spread of misinformation facilitated by mass media while discussing this matter.[4] In this regard, the primary concern revolves around the manner in which mass media outlets communicate information to the public. The potential for misinformation is alarming, as it can significantly impact public perception and understanding. Specifically, when scrutinizing some of the prominent sources of journalism, it becomes evident that two divergent approaches are at play.

The first approach is characterized by the newspapers that not only discuss the problematic aspect of aspartame potential toxicity within the body of the text but also let the present state of uncertainty concerning the safety of its use emerge in the title of their article. An illustrative instance of this approach can be observed in an article published in The Washington Post, titled “Ditching Diet Coke? We tasted 5 aspartame-free alternatives” (Heil 2023). This article seems to interpret the facts accurately, as the opening lines convey the idea that “The World Health Organization’s cancer-research arm delivered an unwelcome message to the legions of people who enthusiastically rely on a boost from the zero-calorie soda, calling aspartame — the sweetener used in their favorite drink — a ‘possible carcinogen’.”

It’s noteworthy that major European newspapers such as Le Monde,[5] El País,[6] and La Repubblica[7] have also adopted a neutral tone in their headlines, which unambiguously conveys the issue of including aspartame among potential carcinogenic substances. This naturally raises the question of whether their distance from the commercial interests associated with the production and utilization of aspartame has contributed to such a choice.

The second approach involves presenting the facts in a manner where, despite the World Health Organization’s emphasis on the potential carcinogenic nature of aspartame, the limited evidence regarding its risk is portrayed to the public as a positive aspect, rather than conveying a neutral or negative standpoint. An illustrative instance emerges from the title of an article published in The Guardian entitled “Aspartame is safe in limited amounts, say experts after cancer warning” (Davies 2023). Such a headline conjures an impression of the facts that fails to accurately reflect reality. As previously discussed, the WHO’s decision effectively places aspartame in a substantially more adverse position than before, classifying it as “possibly carcinogenic” in products. This reclassification significantly deteriorates the substance’s standing, contradicting the positive message that the article’s title conveys.

Within the articles that have embraced this approach, there can be identified some that have gone even further, such as the piece published by The Economist titled “Why a cancer scare around aspartame is mostly unfounded: Lovers of Diet Coke have little to fear.”

What seems questionable is the inclusion of a headline that has chosen its wording in a way that seeks to downplay, almost nullify, this state of uncertainty.[8] An inattentive reader or someone lacking the ability or time to delve into the subject matter could easily be led to believe from the title alone that aspartame is, in reality, a safe substance. Only a careful analysis of the title and a reflection on the use of the adverb “mostly” and the adjective “little” allow for an appreciation of the current state of doubt concerning its use.

Moreover, the article’s direct reference to “lovers of Diet Coke” and the use of images of the Coca-Cola Co.’s product at the beginning of the piece represents a clear indirect advertisement that the Economist has made in favor of the corporation. One might wonder whether such a prominent media outlet should refrain from advertising in such a way a product of a major multinational corporation, especially when under discussion is the potential toxicity of a fundamental ingredient in its products. Such an argument is also grounded in the historical experience of how the sugar industry lobby has historically attempted to manipulate scientific research regarding the risks of sugar consumption (Domonoske 2016).

Conclusions

In conclusion, the unfolding discourse on aspartame illuminates broader concerns at the crossroads of public health, corporate governance, and media influence. The World Health Organization’s recent reclassification of aspartame as “Possibly Carcinogenic to Humans” adds layers of intricacy to an already multifaceted issue, eliciting varying responses from regulatory agencies and corporate behemoths. These divergent stances, compounded by the media’s inconsistent methods of relaying these updates, accentuate the difficulties consumers encounter in sifting through fact and opinion. Beyond the question of aspartame’s actual toxicity or its absence, the ethical principle surrounding the challenging “predictability” of the harmfulness of certain chemical compounds looms large. The current climate of doubt regarding aspartame’s specific toxicity calls for heightened responsibility, particularly because it could affect human health on a global scale. Within this context, the role of Corporate Social Responsibility becomes even more crucial. It is a shared obligation for all involved parties—scientists, regulatory bodies, companies, and the media—to abide by the most stringent standards of transparency, ethical conduct, and rigorous investigation. In navigating these uncertain scientific waters, a collective commitment to ethical and responsible behavior is not just commendable but essential.  

References

Creswell Julie, Despite Aspartame Warning, Beverage Companies Likely to Stick With It, The New York Times, July 14, 2023, www.nytimes.com/2023/07/14/business/aspartame-drinks-reaction.html

Czarnecka Kamila et al., Aspartame—True or False? Narrative Review of Safety Analysis of General Use in Products, 13(6) Nutrients. Jun 7, 2021.

Davies Caroline, Aspartame is safe in limited amounts, say experts after cancer warning, The Guardian, July 14, 2023, www.theguardian.com/society/2023/jul/14/aspartame-is-safe-in-limited-amounts-say-experts-after-cancer-warning

Domonoske Camila, 50 Years Ago, Sugar Industry Quietly Paid Scientists To Point Blame At Fat, NPR – The Two-Way, September 13, 2016, www.npr.org/sections/thetwo-way/2016/09/13/493739074/50-years-ago-sugar-industry-quietly-paid-scientists-to-point-blame-at-fat

EFSA, EFSA assesses new aspartame study and reconfirms its safety, May 4, 2006, https://perma.cc/4RAZ-PFKU

Egan Jack, How Sweet It Is, Or the Search for a New Formula, The Washington Post, March 11, 1977.

Food & Drug Administration, FDA Removes 7 Synthetic Flavoring Substances from Food Additives List, October 5, 2018, www.fda.gov/food/cfsan-constituent-updates/fda-removes-7-synthetic-flavoring-substances-food-additives-list

Food & Drug Administration, Aspartame and Other Sweeteners in Food, July 14, 2023, https://perma.cc/K46U-PZ6H

Gabirro Rui Alexandre (ed.), Medical Trade Exposed: It’s Lies, Atrocities and Deceit, 2023, p. 460.

Gage Suzi, Diet Pepsi has dropped aspartame in the US, so why not anywhere else?, The Guardian, April 28, 2015, www.theguardian.com/world/shortcuts/2015/apr/28/diet-pepsi-dropped-aspatame-in-us-is-artificial-sweetener-dangerous

Heil Emily, Ditching Diet Coke? We tasted 5 aspartame-free alternatives, The Washington Post, July 27, 2023, www.washingtonpost.com/food/2023/07/27/diet-coke-alternatives-aspartame

Lawrence Felicity (a), Fresh fears raised about aspartame: Manufacturers dispute study into lab rats fed sweetener, The Guardian, July 15, 2005, www.theguardian.com/society/2005/jul/15/health.food

Lawrence Felicity (b), Safety of artificial sweetener called into question by MP: Examples cited in the Commons of the 6,000 products with aspartame, The Guardian, December 15, 2005, www.theguardian.com/politics/2005/dec/15/foodanddrink.immigrationpolicy

Market Data Forecast, Aspartame Market, March, 2023, www.marketdataforecast.com/market-reports/aspartame-market

Merrill Richard A., FDA’s Implementation of the Delaney Clause: Repudiation of Congressional Choice or Reasoned Adaptation to Scientific Progress?, 5(1) Yale Journal on Regulation, 1-88, 1988.

National Cancer Institute, Artificial Sweeteners and Cancer, January 12, 2023, https://perma.cc/KJ5C-U8AV

National Library of Medicine, Toxicology and carcinogenesis studies of isoeugenol (CAS No. 97-54-1) in F344/N rats and B6C3F1 mice (gavage studies), Sep.(551) Natl Toxicol Program Tech Rep Ser 1-178, 2010.

Nill Ashley G., The History of Aspartame, Harvard University’s DASH repository, 2000 (Third Year Paper), https://dash.harvard.edu/handle/1/8846759

Rajesh Ananya Mariam, PepsiCo says it has no plans to change its portfolio as WHO set to warn on aspartame sweeteners, Reuters, July 13, 2023, www.reuters.com/business/retail-consumer/pepsico-says-no-plans-change-portfolio-who-set-warn-aspartame-sweeteners-2023-07-13

Riboli Elio et al., Carcinogenicity of aspartame, methyleugenol, and isoeugenol, The Lancet Oncology, July 13, 2023.

Whitten Sarah, Pepsi relaunches Diet Pepsi with aspartame following sharp decline in sales, CNBC, June 27, 2016, www.cnbc.com/2016/06/27/pepsi-relaunches-diet-pepsi-with-aspartame-following-sharp-decline-in-sales.html

Word Health Organization (a), WHO advises not to use non-sugar sweeteners for weight control in newly released guideline. Departmental news, May 15, 2023, https://www.who.int/news/item/15-05-2023-who-advises-not-to-use-non-sugar-sweeteners-for-weight-control-in-newly-released-guideline

Word Health Organization (b), Aspartame hazard and risk assessment results released. Joint News Release, July 14, 2023, https://perma.cc/C6JJ-G8YP


[1] Methyleugenol is a natural chemical compound, is used as a flavouring agent in jellies, baked goods, non-alcoholic beverages, chewing gum, candy, puddings, relishes and ice cream. It is also widely used as a fragrance ingredient in perfumes, toiletries and detergents. In 2018, the US FDA withdrew authorization for the use of methyleugenol as a synthetic flavoring substance for use in food because it was provided with data demonstrating that these additives induce cancer in laboratory animals (Food & Drug Administration 2018).

[2] Isoeugenol is an essential oil extract and a component of wood smoke, which is used as a flavor component, for example in the nutmeg used for the pumpkin pies. Studies have demonstrated some evidence of carcinogenic activity of isoeugenol in lab animals (National Library of Medicine 2010).

[3] The Joint FAO/WHO Expert Committee on Food Additives (JECFA) is an international scientific expert committee that is administered jointly by the Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO). Its work includes the evaluation of the safety of food additives, contaminants, naturally occurring toxicants and residues of veterinary drugs in food.

[4] To delve into the intricacies of disinformation, misinformation, and misinformation, see the proceedings of the International Final Conference of the NATO-funded research project “Whistling at the Fake.” The conference’s comprehensive analysis can be witnessed through its online video recordings, which provide valuable insights into these phenomena.https://www.corporatecrime.co.uk/whistling-at-the-fake.

[5] Le Monde artcle published on July 14, 2023, was entitled “Soda sweetener aspartame ‘possibly carcinogenic’, says WHO.” Interestingly the article shows a picture of an unlabeled bottle of soda. The absence of branding in the accompanying photo appears to be an attempt to focus the reader’s attention solely on the substance itself, aspartame, rather than associating it with any particular company or product.

[6] El País article published on July 14, 2023, was entitled “WHO declares aspartame sweetener ‘possibly carcinogenic’ to humans.”

[7] La Repubblica article published on July 14, 2023, was entitled “The WHO: ‘Aspartame possibly carcinogenic but the acceptable dose remains unchanged” (title translated by the author, the original title in Italian was “L’Oms: “Aspartame possibile cancerogeno ma non cambia la dose accettabile””).

[8] Doubts regarding the safety of aspartame do emerge within the article if one has the patience to read through to the end.


Disclaimer

The views, opinions, and positions expressed within all posts are those of the author(s) alone and do not represent those of the Corporate Social Responsibility and Business Ethics Blog or its editors. The blog makes no representations as to the accuracy, completeness, and validity of any statements made on this site and will not be liable for any errors, omissions, or representations. The copyright of this content belongs to the author(s) and any liability concerning the infringement of intellectual property rights remains with the author(s).

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16 best Core Values for Biz to have now !!! + 8 Co Examples- Wiz4.biz

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16 best Core Values for Biz to have now !!! + 8 Co Examples- Wiz4.biz

BEST BIZ CORE VALUES: 1. Commitment, 2. Excellence, 3. Respect, 4. Social Responsibility, 5. Communication, 6. Diversity, 7. Creativity, 8. Customer Service, 9. Quality, 10. Learning & Growth, 11. Autonomy, 12. Fun, 13. Integrity, 14. Innovation, 15. Connection, 16. Drive.

Examples of 8 companies w/ Gr8 CV

1. Google. 2. Coke, 3. Whole Food, 4. Amazon, 5. Spotify, 6. Facebook, 7. Amer Express, 8. Team Bldg.

What are Core Values? They are a company’s declared philosophy concerning its vision, purpose & Values. Values & culture are both about a company’s loftier goals. Examples of Core Values are innovation, excellence, and responsibility. The purpose of these ideals is to unite the company’s workforce, customers, and the community under a guiding principle. These principles relate to Company Culture and Employee Engagement’s best practices.

This guide you’re reading includes:

  • organizational Core Values examples
  • Companies with good Core Values
  • importance of Core Values in the workplace
  • how to promote Core Values in the workplace

Best Core Values

Making a prioritized list of Core Principles might help keep the company on track. Some of the examples of company Core Values include:

1. Commitment

This value means taking responsibility for actions and sticking to principles. Making business decisions is rarely straightforward. When businesses face challenges, the organization undergoes an ultimate test to stick to or abandon its Values. However, it is vital to stay unwavering to the company ideals to maintain a reputation and keep the loyalty, trust, and respect of employees and customers.

2. Excellence . . .

means completing tasks to perfection. The saying goes, “Whatever is worth doing – is worth doing right.” Recognizing your employees for a job well done will encourage them to do even greater work in the future. Your customers, suppliers, and other business associates will notice & appreciate your company’s dedication to providing excellent service. A high level of customer service sets your company apart from the competition. Organizations are often content to do the bare minimum, yet those companies who strive to do more may reap great rewards !!

3. Respect

When it comes to developing trust in a company’s values – respect and integrity are essential. This value means appreciating others’ opinions, viewpoints, thoughts, & ideas. The practice entails building relationships on the altar of mutual respect & trust. Each team member brings unique skills and perspectives to the table, and intelligent leaders take pride in this fact and act accordingly. Communicating openly and honestly makes teammates feel appreciated and valued. Treating people with respect is a logical extension of the concept of kindness and decency.

4. Social Responsibility

The public often looks for a commitment to social change in a company’s Core principles. You can make it easier for employees to become involved in the surrounding community by providing staff with volunteer opportunities. As part of the firm’s Corp Social Responsibility (CSR), employees need to understand how the company accomplishes its CSR fully. A company’s contribution to the social objectives of philanthropy, activism, or charity could mean backing volunteerism and ethically-driven practices.

5. Communication

People place a high value on being able to communicate effectively. Conversation binds us all together, helps us to connect, and is the building block of any society. Your interactions with customers and other businesses should reflect a commitment to this value.

6. Diversity & Inclusion

Diversity and inclusion are hot topics in the current climate, and it is time to recognize & reward these Values. A diverse team generates more ideas and solutions. When you combine a diverse team with great communication and decision-making skills, you get a pro-active and result-driven team. Furthermore, promoting a culture of inclusivity sends a powerful statement to the wider world that the firm devotes itself to defending the interests of individuals, regardless of their background.

7. Creativity

Creativity is a powerful source of motivation and a natural human instinct. Getting the chance to build and invent can be highly motivating. Creativity is an ingrained and fundamental value. Creativity as a Core Value reflects a company’s tremendous desire to develop new & productive methods of growing, finding answers, and breaking beyond conventional thought patterns.

8. Customer Service

Taking care of others is a sign of compassion and empathy. Humans have a deep-seated desire to help others. Keeping others happy is a wonderful thing, and it attracts individuals with good intentions. A company that values Customer Service is more likely to have high customer retention. Also, employees like working with a company that cares and is able to contribute to the greater good.

Being customer-oriented / service-minded indicates a commitment to making your customers happy. This value also includes aiding your local community. You must value service – if you want to make a difference in the lives of those you serve and assist.

9. Quality

Working for a reputable company with high-quality standards fills employees with a sense of company pride & satisfaction. Few people want to promote a defective product. Quality products advertise themselves. High service standards make people want to patronize your business + earn customer loyalty & repeat business.

10. Learning & Growth

An organization’s capacity to develop and learn is undeniable. Businesses grow when they encourage learning in the workplace. As employees gain knowledge and experience, their qualifications / capabilities expand. Every team member can know more about their area of discipline. This education may positively impact their career progress and work-life balance.

Allowing you and your employees to learn from successes and mistakes can improve your business. Investing in employee development may substantially impact employee morale and productivity. Professional development is a critical factor in the job search. When deciding on a workplace, many candidates look for jobs that offer opportunities to increase knowledge & abilities by taking on new tasks within the company.

People often attribute a company’s growth to the professional development of its workers. Growth as a personal Core Value shows a strong desire to better yourself and your firm. Mutual success drives growth. Companies that encourage personal and professional development are more likely to attract talents that also value growth.

11. Autonomy

Employees often want the freedom to act independently to make decisions. Therefore, many organizations opt to provide the liberty to work at your own speed and approach, so long as you accomplish your performance objectives. Employees with the freedom to act often do their best to deliver high-quality work. This dedication helps them prove they deserve the trust given to them.

12. Fun

Employees spend a third (1/3) of their lives at work, and having a positive experience matters. Fun is a bond that holds teams together and keeps businesses running in many ways. A fun workplace fosters deep ties that serve as the cornerstone of engaged company culture. Others feel more at ease when they work with other people having fun, which will positively impact productivity.

13. Integrity

Integrity means doing the right thing – even if no one is watching. Integrity also translates to valuing honesty, transparency, and a dedication to doing what is best for your consumers. This Core Value must reflect in how you handle your employees, customers, suppliers, and corporate property. Integrity in a company promotes a great work environment for everyone.

Trust lies in customers’ faith in a company’s high-quality products and services. Companies that emphasize customer trust want clients to know how much they respect and care about them.

Customers can rely on companies that place high importance on integrity. In other words, when the company errs, they take responsibility and commit to correcting the mistake

14. Innovation

This Core Value means pushing for better ways to serve your employees, clients, and the organization. Innovative companies think outside the box to develop unique solutions to complex challenges. This trait means not being afraid to take calculated risks. A company grows faster when everyone commits to devising new solutions to old problems.

A company’s success depends on how far ahead of the competition it is and how quickly it can introduce new concepts /products / services to the market. This goal is essential for companies that aim to be trendsetters and provide new and novel items that improve the lives of customers. Those who work for these firms are driven to be dynamic and develop new ideas that might lead to profitable products / services for the company.

15. Connection

Teamwork and mutual trust are the foundations of connection in the workplace. Connection is the acknowledgment of similarities and the sense of working toward the same goal.

Connection means different things to different companies. The concept is also about finding common ground amid others’ ideas, ambitions, histories, and beliefs. The first step in creating a more cohesive workplace is to help your employees relate to one another better.

There is a chance another team member may have an emotional connection to the values or mission of the business, giving their work a new degree of significance.

16. Drive

Drive means refusing to be content with the status quo and embracing a desire to improve. The primary purpose of this value is to push employees and organizations to reach their full potential.

For organizations with ambition, it is unacceptable to sit back and be complacent about triumphs. Some organizations consistently out-perform their competitors because they recognize the opportunities to be better. Companies can benefit from a team member who is ready to go above & beyond the call of duty.

Examples of Companies with Gr8 Core Values

1. Google

Value: “You can make money w/out doing evil.”

Unlike other businesses that tout integrity, Google talks about its strategic measures to avoid violating its commitments and avoiding “evil” while doing business. For instance, “We don’t allow ads to be displayed on our results pages unless they are relevant where they are shown … We don’t accept pop–up advertising, which interferes with your ability to see the content you’ve requested … [and] Advertising on Google is always clearly identified as a ‘Sponsored Link,’ so it does not compromise the integrity of your search results.”

The impact of a Core value diminishes if your firm cannot demonstrate its deliberate and determined steps to prioritize Core Values above profits.

2. Coca Cola

Value: Diversity: “As inclusive as our brands.”

Coca Cola shows its commitment to diversity on their Mission page that details the company’s various diversity-related initiatives, such as “collecting employee feedback through formal surveys and informally through their participation in our business resource groups, various diversity education programs and our Resolution Resources Program – where associates can work to resolve issues they face in our Company.”

3. Whole Foods

B: “We care about our Communities and the Environment”

A local experience is what Whole Foods strive to provide and support. Each store shows the community’s people, culture, & food. A good example of Whole Foods’ dedication to the local community is its Local Producer Loan Program, which offers low-interest loans of up to $25 million to small-scale local farmers and food artisans.

As part of its environmental efforts since 1980, Whole Foods lists “printing and packaging using recycled paper and water- or vegetable-based, composting to decrease landfill waste, and no single-use plastic bags at checkout since 2008”.

4. Amazon

Value: Customer Obsession

This company’s mission is to give the most outstanding Customer Service and provide the highest quality items to customers. Their Core Values show their skills and drive to be the greatest in their field. An example of customer obsession is Amazon Prime, which offers automatic next-day delivery.

5. Spotify

Value: Collaboration

Spotify has worked with a wide range of musicians from all over the world and represents many different ethnic groups. The platform provides a stage for artists to flourish and share their distinctive musical voices with the rest of the world. This provision demonstrates the sincerity with which Spotify adheres to its Core Values.

6. Facebook

Value: Build Social Value

is one of Facebook’s most important fundamental principles. As the organization strives to connect the globe, its workers learn to develop innovative methods to bring people closer together. A perfect example of this is Facebook groups, a platform for people who share common interests to initiate discussions and ask for help.

7. American Express

Core value: “We develop relationships that make a + difference in our customers’ lives.”

This value means that there are no set rules for Client interactions, and the company allows their Customer Care Reps discretion to do right by the customer. This empowerment is enabling. Employees that go above & beyond to support customers get Awards, and the company shares their experiences across the board.

This value reflects the devotion of American Express employees to their customers. For instance, to provide exceptional customer experiences, the company ensures customers’ security during the payment process. The organization also combines simple business tools and secure payments to transform customers’ payment experience abroad.

7. TeamBuilding.com

We have five important company Core Values:

  1. Operate at Level 10 Integrity – We make every decision, action, & belief through honest effort, good intentions, high moral & ethical standards. You can trust us to do what we say we will do. Always.
  2. Get Sh*t Done Right – We operate with a premium mentality, and while delivery speed matters, “Doing things right” = #1
  3. Defy Expectations – We take a fresh approach to everything we do. Get ready to be surprised, delighted, and to have the most fun you’ve ever had at work !!!
  4. I’ve got your back” Mindset –Your success is our success. We make intentional choices to support our clients, team members, and communities professionally & personally.
  5. Raise the Bar: Big & Small – We constantly strive for improvements. You will see us tackling challenges, making our client, participant, and employee experiences better, and learning from feedback to be better. Wanna Bet on that?

 

Important of workplace Core Values

Employees may rally behind a common cause if they have a strong feeling of belonging to the company’s basic principles. Organizational culture and employee retention tend to be + when there is a strong sense of community in the workplace. The results show the significance of exhibiting one’s ideals at work.

The company’s culture thrives if your employees prioritize adhering to Core principles.

How to promote Core Values there

Establishing your company’s Core Values is a crucial first step in improving the company’s culture. To effectively promote these principles across your company, you must include these ideas in every employee-related activity, from hiring & training to performance evaluations and even dismissal procedures. Paying attention to how the day-to-day operations of your company reflect your Core Values will make your workers aware of priorities and the role these principles play in the overall success of your organization.

Conclusion

It is possible to offer your business and the individuals who work there – a sense of direction and purpose by establishing Core Values. When creating your company CV, gather as much input from your employees as possible, and remember that these ideas can evolve.

A strong set of Core Values will help you find and attract your core audience and earn lifelong customer loyalty. Creating and living by a set of unwavering business CV principles can also help your organization find long-term success and keep your employees on-board.

FAQ: Company Core Values

Here are answers to questions about company Core Values.

What are company Core Values?

Core Values are the principles that guide organizations in decision-making. These ideals shape policy creation and organizational behavior.

What are some good company Core Values examples?

Examples of a company’s Core value include integrity, accountability, & growth.

How do you write company Core Values?

To write company Core Values, remember that your fundamental principles should influence your business choices and eventually lead to greater success for your firm. Your company’s Core Values must represent who and what you produce, as well as the industry in general.

It is advisable to form your company’s Core Values after creating a Mission Statement. This process will allow your Values to complement and align with your objective.

Comments: Do you know any other Gr8 Core Values?

fm Team Building.com 9/23 enhanced by Peter/CXO Wiz4.biz

For similar Info, click on Business Core Values.

 

7 Pros & Cons for Starting a Business later in Life

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16 best Core Values for Biz to have now !!! + 8 Co Examples- Wiz4.biz

PROs: 1. Experience, 2. Network, 3. $$$, 4. Mentor

CONs: 1. Risk? 2. Support, 3. Update,

             ( 4 + 3 = 7 )

TIPS: A. Goals, B. Lifestyle & Family, C. Funding & Marketing. D. Start Small.

Here’s What you Need to Know !!!

It’s never too late to start the business of your dreams. If you’re launching a business as an older entrepreneur, here are some insights to keep in mind.

Life skills and more connections can help propel you towards entrepreneurship later in life, but there are several factors to take into consideration.

With so many stories of “whiz kids” and college students starting big tech businesses like Google, Facebook and Reddit, it’s easy to believe the myth that innovation is for the young.

But inspiration for a business can come to you at any stage of your life. In fact, it’s often more fruitful to start a business once you have years or decades of experience under your belt to back up your qualifications.

Starting a business at any point in life comes with its own advantages and drawbacks. Here are a few pros and cons of being an older first-time entrepreneur.

The Pros & Cons of starting a business later in life

 Pro #1: You have more Career Experience & Skills to draw from.

Years of career experience, regardless of industry, can give you an upper hand as an entrepreneur. Even if you’re starting a business in a new field than you’re not used to, you still have strong people skills and a fundamental under-standing of how the working world operates.

Example: Save Your Seat !!!

Dru Rabin found solace in his experience when he founded Binge Scents this year.

“Having experience problem-solving and making decisions is a huge advantage in starting a business and stepping into the founder and CEO role,” Rabin told US Chamber-of-Commerce.

          [Read: How to Start a Business Step by Step]

Pro #2 : You’ve amassed a larger Network and more connections.

The professional network you’ve built over the years can be extremely useful when you’re seeking vendors, customers, employees or investors. The large number of people you know may be able to introduce you to even more people who can directly help you with your startup.

Pro #3: You likely have more Assets & Financial Stability to fund your startup.

Most people who start business right out of school or in their early 20s are juggling student debt, rent and other living expenses on an entry-level salary. Starting a new business later in life means you’re probably starting with more savings and a higher pay grade, so there’s more freedom in your budget to finance a startup.

Pro #4: get a Mentor to advise you

a Mentorship will patronage, influence, offer guidance, or direction to you. A mentor is someone who teaches or gives help to you and advice to you, because they are experienced and often younger person – and have the latest technology. A Mentor can influence your life-style + both your personal and professional growth.

Con #1: Many people become more Risk-Averse later in life.

You may have more assets when you reach middle age, you also have more to lose. Rabin said this was a factor when he was making decisions for his new startup.

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“Being more established in a career or lifestyle may have made me more risk averse,” Rabin stated. “Add into that family and the feeling of being responsible for their financial and emotional well-being, and now it’s a different situation than if you are young and flying solo.”

Con #2: You likely have other people to Support besides yourself (ie, Family)

Early in your career, you’ve only got your own skin in the game, said Rabin. If you’re further along in life, you might have kids, a partner or aging parents to support. You might not be willing to risk losing your stable career for a startup that could fail, because it would mean you can’t afford to take care of your family.

Con #3: You may need to play ‘catch up‘ with latest Biz technology.

Advancements in technology and artificial intelligence are rapidly changing how work is done and how businesses are run. If your current career hasn’t required you to pay attention to these innovations, you may find it hard to learn them all at once and keep up with younger entrepreneurs.

Having experience problem-solving and making decisions is a huge advantage in starting a business and stepping into the founder and CEO role. Dru Rabin, founder, Binge Scents

Tips for older Entrepreneurs starting their 1st business

No matter what age you are, there are some basic steps and best practices that can put you on the road to startup success. However, these four tips may be particularly helpful for entrepreneurs who are starting their first business later in life.

A. Define and understand your Goals

Why are you starting your business? What do you want to achieve? And how do you plan to do it? Be mindful of your goals and realistic about your startup’s potential. Have defined, achievable goals and write the steps to make them possible.

B. Consider how this might impact your Lifestyle and your Family

If you have a family, you’re not the only one who will be impacted by starting a new business. Think about how starting a business will affect your family’s finances and lifestyle, and have open and honest conversations with them about the potential impact.

C. Make a plan for Funding & Marketing

While you might think your startup is an investor’s dream, be realistic about how much you actually need. Before you start pitching investors, do your research to determine other potential funding avenues and develop a budget and marketing plan to put yourself on track for growth.

[Read: Financing Strategies for Every             Stage of Your Business]

D. Take small, Incremental steps before going “all-in”

Starting a business is a big change, especially if you’re walking away from a decades-long career. Take little steps toward your goal instead of turning your life upside down overnight.

“Maybe you’re itching to make a big change and thinking no risk, no reward, but I would advise taking an ‘ooch’ approach before you go all-in with something you haven’t tried before,” Rabin said. “In other words, make small or incremental changes like taking a part-time job in the field you want to start a business in to make sure it really suits you and your expectations.”

US Chamber of Commerce —is committed to helping you start, run & grow your small business. Learn more about the benefits of small business membership in the US.C-of-C, by going to their Website.

Join us on October 19, 2023, for America’s Top Small Business Summit: Ready, Set, Scale — a must-attend event for small businesses ready to take their companies to the next level. Spend the day with us at U.S. Chamber Headquarters in Washington, D.C. or tune in to our live-stream for a small business gathering like no other. RSVP today!

Follow us on Instagram for more expert tips & business owners stories.

US.C-of-C— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional at US.C-of-C who can advise you based on your individual situation.

Comments: Do you know any other Pros & Cons?

from US Ch-of Com 10/23 enhanced by Peter/CXO Wiz4.biz

For similar Info. click on Starting a Business.

 

Askari Bank’s 9-month profit hits Rs14.59bn, surging by 35.6% YoY

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Askari Bank’s 9-month profit hits Rs14.59bn, surging by 35.6% YoY

How do we find our 150 disciples?

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How do we find our 150 disciples?

FINDING OUR DISCIPLES:

How do we find the 100 or 150 disciples that we need in order to nurture our 10 or 12 next clients?

(Remember a ‘disciple’ is someone devoted to the outcome you can help them achieve. They are not devoted to you!)

The slow way but effective to do it is to actually message and keep in contact and ask people questions as to where they’re at in their journey.

You can gauge whether they are serious about getting to the outcome that you can help them with.

The faster way of doing this is to utilize content on whichever platform your audience is on, whether it’s LinkedIn or Instagram or Facebook.

When you’re publishing content, what it allows you to see who raises their hand when they like something, comment, share or vote in a poll.

These are all indicators that that person is interested in the topic that you’re talking about and they are much more likely to be devoted to the outcome.

The more content you can publish, the more of the right types of ‘disciples’ will come out of the woodwork and raise their hand. This allows you to know which relationships to focus your attention on.

Let us  know your thoughts over on LinkedIn.

PS. When you”re ready, here are 6 ways we help consultants & advisors grow:

1. Web Strategy Planning Template (PDF). Our flagship 1-page tool we co-created with David Meerman Scott. It’s been downloaded over 1 million times and featured on Forbes.

2. Read a free chapter from our book. Web Marketing That Works — an Amazon #1 best seller.

3. Join the private group on Facebook. Access free training resources, and hang out with 2,300+ peers.

4. Discover your marketing score. Take the 40 point Marketing Scorecard (in < 6mins) and get a customised report.

5. DIY with the 50+ Script Library. It’s for connecting with new people and nurturing them into high-value clients.

6. Let’s brainstorm how to fill your marketing funnel. DM the word “INTERESTED” via Messenger or book a 20 min slot to talk on Zoom.

Content Marketing Sales Funnel

Your content marketing sales funnel is all about getting people to know, like and trust you by nurturing them with the right information at the right time.

Download it now

The Potential Of AI And Data Analytics For Digital Advertising

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The Potential Of AI And Data Analytics For Digital Advertising

Inc. 5000 entrepreneur, data privacy and web accessibility advocate, co-founder of Ntooitive Digital and TruAbilities.

In the ever-evolving world of digital marketing, new strategies and tools are constantly being introduced. However, none have yet to have the same impact as artificial intelligence (AI), which has transformed how we approach digital marketing.

Despite some users’ hesitancy, AI will revolutionize digital marketing by automating and optimizing marketing efforts. AI personalization allows marketers to expertly tailor content based on user behavior, demographics and preferences.

As AI technology advances, we can expect to see more innovative applications emerge and user adoption increase. But rather than waiting to start using AI, it is important for marketers to begin determining how they can use the technology to improve their operations.

What does AI bring to the table?

AI-powered solutions automate those marketing tasks that were previously impossible, too time-consuming or so mundane humans didn’t want to perform them. These activities include completing (in a matter of seconds) complex calculations that would take humans hours or even days and repetitive tasks such as scheduling, data analysis and responding to inbound customer inquiries.

In 2022, IBM’s Global AI Adoption Index revealed that 35% of organizations reported using AI in one way or another in their business and 42% shared they were looking into AI, its benefits and how it could be incorporated into their processes.

There are a variety of AI platforms available today that can assist with a range of tasks. Some of the most notable that I recommend include the following:

Jasper: An AI copywriting system that uses language processing and machine learning to analyze data about your target audience and make suggestions to improve copy in an original and natural-sounding way.

Pictory: A cloudbased video creation software that uses AI to automatically convert long-form text and video content into shorter videos that can easily be used on social media channels.

Grammarly: A writing assistance tool that offers grammar and spelling checks as well as suggestions for clarity, conciseness, engagement tone and readability.

Reply.io: An all-in-one solution that offers a wide range of features, including email automation, CRM integration and analytics, allowing sales teams to streamline their outreach process and personalize their communication with potential leads.

Ocoya: An AI-powered social media post creator and scheduler that analyzes user behavior and preferences, allowing users to create targeted content personalized to their audience.

How is AI changing the industry?

I believe that it’s not a matter of if businesses will begin using AI but when.

A study conducted by Stanford and MIT showed AI boosted worker productivity by 14% on average. In this way, AI can help get marketers out of the weeds of execution to focus 100% on customer connections, quality storytelling and overall business outcomes. In short, marketers will be able to get back to marketing.

This isn’t to say AI is minimizing the human element; it is instead reducing the stress on the human part, allowing workers to focus on tasks that require human expertise and creativity.

Integrating AI technology in digital marketing is here to stay. However, understanding its application for digital marketing is critical, and that begins with training your AI technologies with the appropriate information it needs to churn out the best possible output. You can’t expect to have the right output without providing the right input and training. Data sets fed into the AI program, for example, can be biased and pose issues with how outputs are interpreted.

That means being upfront with clients or end users about the use of any AI-embedded software. Even if you plan on using a helpful meeting assistant like Fireflies.ai, I would strongly encourage you to seek consent from all attendees so no one is left in the dark. Or, if your client’s next marketing campaign strategy was assisted by AI, it’s incumbent on you to disclose that. The same goes for any AI-generated images, videos or audio that have been used. Why? Transparency promotes trust, and trust builds buy-in—which is exactly what the AI industry desperately needs right now.

Conclusion

The use of AI technology in digital marketing is becoming increasingly prominent and will continue to grow exponentially. Before 2030, the global AI market is expected to be valued at over $1.5 trillion.

Marketers who embrace AI and keep up with the latest tools and strategies can increase their chances of gaining a competitive advantage, but it’s important to understand this technology and how it can best be used within your business. I believe that AI-driven digital marketing, done ethically, is the future, and these tips can provide an effective way to ensure the successful use of emerging technologies and applications.


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Growing Incidence of Dental Disorders and Increasing Demand

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Growing Incidence of Dental Disorders and Increasing Demand

Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) — The “Dental Impression Material Market Size, Share & Trends Analysis Report By Material Type (Alginate, Silicone), By End-use (Hospitals, Dental Clinics), By Application, By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The global dental impression material market size is expected to reach USD 1, 464.9 million by 2030., registering a CAGR of 10.0% from 2023 to 2030.

A dental impression is a false imprint of soft tissues and hard (teeth) in the mouth from which a positive reproduction (model or cast) is formed. Dental impression material is semi-solid or liquid in nature when first mixed and placed in the mouth. There are several types of impression materials for dental such as silicone, alginate, polyether, etc. The dental impression materials are used to keep a dental imprint which is further used in dental treatment.

The dental impression materials market growth is mostly fuelled by factors such as the increasing demand for cosmetic dentistry and the rising incidence of dental disorders. In addition, the growing adoption of digital dentistry and increasing dental tourism in emerging markets are anticipated to boost the dental impression materials market growth during the forecast period. As per the National Institute of Dental Research, the most common and prevalent dental disease in both, children and adults is tooth decay. Nearly 92% of the population, between the ages of 20 to 64, have dental caries.

The growing incidence of dental problems is a major driver contributing to the overall demand of the dental impression materials market. Furthermore, with the increasing disposable incomes in emerging economies, the willingness to afford expensive cosmetic dental procedures has also increased among the population, specifically among the aging population. Bad lifestyle habits and poor diet, especially amongst teenagers which lead to tooth decay are rising the growth of the dental impression materials market.

The COVID-19 pandemic has significantly affected the dental impression materials market. Initially, due to lockdown and global restrictions being imposed in most countries, many dental treatments and procedures were halted. The COVID-19 pandemic has caused a huge disruption in the supply chain of the overall medical industry. Initially, the outbreak has resulted in a decrease in the number of procedures performed each year, resulting in an overall decline in the market.

Companies Mentioned

  • 3M
  • Scott’s Dental Supply
  • Zhermack SpA
  • GC America Inc.
  • Kerr Corporation
  • Hiossen
  • KeystoneDentalGroup
  • Dentsply Sirona
  • Thommen Medical AG
  • Pyrax Polymars

Dental Impression Material Market Report Highlights

  • The alginate segment dominated the Dental Impression Material market in 2022. This is due to the fact that alginate is mostly the dental impression material of choice for mouthguards, full-mouth opposing impressions, orthodontic appliances, study models, and even partial denture fabrication
  • The restorative dentistry and prosthodontics segment dominated the global dental impression systems market in 2022. The rising number of patients suffering from dental problems and growth in the edentulous population are boosting the growth of this segment
  • Europe dominated the global market in 2022 with a market share of 40.1%, owing to the rising technological advancements in dental treatment and an increasing number of specialist dental service providers
  • Asia Pacific is expected to reciprocate the highest CAGR over the forecast period owing to the growing patient population, rising awareness about dental procedures & associated diseases, and rapid technological advancements

Key Attributes:

Report Attribute Details
No. of Pages 100
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $691.7 Million
Forecasted Market Value (USD) by 2030 $1464.9 Million
Compound Annual Growth Rate 10.0%
Regions Covered Global

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Dental Impression Materials Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Dental Impression Materials Market Analysis Tools

Chapter 4. Dental Impression Materials: Material Type Estimates & Trend Analysis
4.1. Dental Impression Materials Market: Key Takeaways
4.2. Dental Impression Materials Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Alginate
4.3.1. Alginate market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Silicone
4.4.1. Silicone market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Polyether
4.5.1. Polyether market estimates and forecasts, 2018 to 2030 (USD Million)
4.6. Others
4.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 5. Dental Impression Materials: Application Estimates & Trend Analysis
5.1. Dental Impression Materials Market: Key Takeaways
5.2. Dental Impression Materials Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Restorative and Prosthodontics
5.3.1. Restorative and prosthodontics market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Orthodontics
5.4.1. Orthodontics market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 6. Dental Impression Materials: End-use Estimates & Trend Analysis
6.1. Dental Impression Materials Market: Key Takeaways
6.2. Dental Impression Materials Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Hospitals
6.3.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Dental Clinics
6.4.1. Dental clinics market estimates and forecasts, 2018 to 2030 (USD Million)
6.5. Others
6.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 7. Dental Impression Materials Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization

For more information about this report visit https://www.researchandmarkets.com/r/n8pk5g

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