Final answer:
Contemporary issues in leadership have a significant impact on the sustainable performance of pharmaceutical companies. This includes ethical responsibility and the impact of globalization.
Step-by-step explanation:
Contemporary issues in leadership play a significant role in the sustainable performance of organizations in the pharmaceutical industry. With the rapidly evolving healthcare landscape and increasing competition, leaders in pharmaceutical companies need to address various challenges and opportunities to ensure long-term success.
One contemporary issue is the ethical responsibility of pharmaceutical companies in addressing social, economic, and environmental problems. There is increasing pressure for corporations to take accountability for their impact on society and to establish ethical practices. This includes considering the implications of emerging technologies and ensuring responsible research and development.
Another issue is the impact of globalization on pharmaceutical companies. As multinational corporations, they have significant influence on politics, workers, and the environment in developing nations. Globalization has also affected workers worldwide, leading to discussions on labor rights and fair practices within the industry.