Monsanto
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- Date Submitted: 03/03/2015 06:48 AM
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Monsanto Attempts to Balance Stakeholders Interests
1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders?
Monsanto has disappointed their investors many times too numerous to count. It started out in the early 1970’s when they produced Agent Orange (Ferrell, Fraedrich, Ferrell, 2013). Agent Orange was simply the beginning of their numerous circumstances which would be considered being unethical. Monsanto doesn't keep a culture that is ethical which can efficiently react to various stakeholders because to build a strong company you have to sustain your feeling of respect toward the government and also the environment. An example of this will be whenever FDA had to get involved due to whether or not the seeds that Monsanto had been produced would be safe for the environment. From the case study, it may be assumed that Monsanto is trying to implement and maintain some cultures which are ethical different. In order to do this, they used the idea of Social Responsibility and Business Ethics to create a reputation that is great to their global stakeholders. As an example, Monsanto provided $400,000 grant to Africare, to fund a food that is two-year project to review the option of meals while the access people have to meals. In addition, Monsanto Company also supports youth programs, whereby the organization donated nearly $1.5 million in scholarships to students wanting to pursue higher level degrees which are agriculture-related.
2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them.
Some great benefits of growing GM seeds for crops is that once you genetically change plant seeds you are able to place herbicides and pesticides in the seeds to prevent bugs from consuming them and weeds overtaking them and so killing the crop. This allows farmers to effectively grow your crops more and then the farmers tend to be more profitable. The negative consequences of using GM...
1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders?
Monsanto has disappointed their investors many times too numerous to count. It started out in the early 1970’s when they produced Agent Orange (Ferrell, Fraedrich, Ferrell, 2013). Agent Orange was simply the beginning of their numerous circumstances which would be considered being unethical. Monsanto doesn't keep a culture that is ethical which can efficiently react to various stakeholders because to build a strong company you have to sustain your feeling of respect toward the government and also the environment. An example of this will be whenever FDA had to get involved due to whether or not the seeds that Monsanto had been produced would be safe for the environment. From the case study, it may be assumed that Monsanto is trying to implement and maintain some cultures which are ethical different. In order to do this, they used the idea of Social Responsibility and Business Ethics to create a reputation that is great to their global stakeholders. As an example, Monsanto provided $400,000 grant to Africare, to fund a food that is two-year project to review the option of meals while the access people have to meals. In addition, Monsanto Company also supports youth programs, whereby the organization donated nearly $1.5 million in scholarships to students wanting to pursue higher level degrees which are agriculture-related.
2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them.
Some great benefits of growing GM seeds for crops is that once you genetically change plant seeds you are able to place herbicides and pesticides in the seeds to prevent bugs from consuming them and weeds overtaking them and so killing the crop. This allows farmers to effectively grow your crops more and then the farmers tend to be more profitable. The negative consequences of using GM...