Case Study Analysis: Monsanto Attempts to Balance Stakeholder Interests
Monsanto is the largest agricultural company that specializes in both conventional and genetically modified organism (GMO) seeds and other products. Overall Monsanto has tried to maintain a good ethical culture to their different stakeholders. Because even with all the issues the organization faced, the company has taken the blame and fixed it the best way possible. For example, when word got out about Monsanto dumping toxic waste into a creek they took all the blame and agreed that it wasn't right.
Despite all the ethical issues, Monsanto has publicly made a commitment to provide full fledged support to famers through delivering technologies that will amplify the production of crops while conserving resources. They are also improving the livelihood of farmers and the people who depend on them. Monsanto's goals are attainable through an intricate combination of biotechnology, advanced plant breeding, and improved farmer management practices. The agricultural giant also fulfills obligations to their shareholders by maximizing their profit through the development of more productive and safer seeds Monsanto can do just that (Gini & Marcoux 2009).
On its website, Monsanto positions itself as a relatively new agricultural company that aims to help farmers produce healthier food by increasing productivity, repressing weeds and combating insects while ensuring that environmental standards are not only met but exceeded, and while protecting the safety of people and communities. Its leading product is 'Roundup', world's best selling agriculture herbicide for the last thirty years. Monsanto is also the world leader in biotechnology. There are a lot of benefits of using GMO seeds such as bigger crops and fewer worries. Among these, the biggest benefit is bigger crops because of the growing population. Every year the world population grows and ...
Case Study Analysis: Monsanto Attempts to Balance Stakeholder Interests
Case Study Analysis: Monsanto Attempts to Balance Stakeholder Interests
Monsanto is the largest agricultural company that specializes in both conventional and genetically modified organism (GMO) seeds and other products. Overall Monsanto has tried to maintain a good ethical culture to their different stakeholders. Because even with all the issues the organization faced, the company has taken the blame and fixed it the best way possible. For example, when word got out about Monsanto dumping toxic waste into a creek they took all the blame and agreed that it wasn’t right.
Despite all the ethical issues, Monsanto has publicly made a commitment to provide full fledged support to famers through delivering technologies that will amplify the production of crops while conserving resources. They are also improving the livelihood of farmers and the people who depend on them. Monsanto’s goals are attainable through an intricate combination of biotechnology, advanced plant breeding, and improved farmer management practices. The agricultural giant also fulfills obligations to their shareholders by maximizing their profit through the development of more productive and safer seeds Monsanto can do just that (Gini & Marcoux 2009).
On its website, Monsanto positions itself as a relatively new agricultural company that aims to help farmers produce healthier food by increasing productivity, repressing weeds and combating insects while ensuring that environmental
Related Documents: Essay Genetically Modified Organism and Monsanto
Simonelli Monsanto, which considers itself to be an agricultural organization, is one of the largest companies behind genetic engineering. Today they have over twenty products, many of which can be bought from their website, which range from Roundup Ready™1 to genetically modified corn. They claim to “help farmers grow yield sustainably so they can be successful, produce healthier foods, better animal feeds and more fiber, while also reducing agriculture's impact on our environment” (Monsanto U.S. Ag…
Monsanto - Superhero or Villain? The Monsanto Company is a US based multinational agricultural biotechnology corporation. Monsanto was founded in St. Louis, Missouri, in 1901 by John Francis Queeny who was once in the pharmaceutical industry1. Monsanto started out developing a highly controversial artificial sweetener called saccharine, then by 1945 was making deadly chemicals like agent orange which was used in the Vietnam war and PCB’s, eventually their focused shifted to genetically modified…
Monsanto Founder: John F. Queeny founded Monsanto in 1901 Headquarters: Located in St. Louis, Missouri, United States Executives: Chairman and Chief Executive Officer: Hugh Grant President and Chief Executive Officer: Brett D. Begemann What it does: Monsanto produces Roundup and Genetically Modified Seeds. 1) Identify the organization’s primary stakeholders. External: -Suppliers -Customers (farmers that use Monsanto products) -Government (lobbying, etc.) -Competitors (other companies that…
GMO’s: UNKNOWINGLY AFFECTING EVERY AMERICAN 2 Abstract Genetically modified organisms are organisms with foreign DNA inserted into the genes of the organism. These inserted genes are in many of our food products. There is not much evidence proving genetically modified food is suitable to consume. Tests have been done and have shown that GM foods do cause sickness and harm to the body. A poll has shown many Americans would like genetically modified organisms labeled but Monsanto, a large producer of GM products…
about Monsanto Corporations Business Ethics Thesis Statement I will outline some of the ethical issues Monsanto Corporation has faced, I will focus on the predatory litigation of farmers that have been contaminated by Monsanto’s Genetically Modified seed and then sued for using that seed to plant subsequent crops. I will provide examples and citations of what I feel are unethical practices and cases involving Monsanto. Introduction “The Justice Department is investigating whether Monsanto Co…
Monsanto and the Dangers of Biotechnology Genetically modified organisms are found everywhere. Ever since their start in the early 90’s, the amount of GMOs consumed by American’s has increased exponentially. A recent statistic has found that 70% of the food sold in America contains at least one genetically modified additive (Robin). One would assume that this technology has gone through many tests to validate its safety in regards to human health because we have agencies that are supposed to be…
and why some customers are so concerned about nitrates and gluten free choices. I am familiar with the term genetically modified organisms (GMO’s), and I have seen labeling from the NON-GMO project on some of the items we carry. There are labels assuring you that what you are consuming is not genetically modified, but there are not labels or regulations telling you what are genetically modified. Where did they come from? And how long have I been consuming GMO’s without any knowledge of them? These…
No! GMO! The debates over GMO, Genetic Modified Organisms, has drawn a lot of attention in recent years. Relying on its advantages, GMO was as a live-saving straw to human’s future, but after years of deploying it all over the world, it has revealed more and more serious harm. Since then, it has turned out to be an issue of what people should value the most: should we vigorously develop GMOs or stop doing this and come back to nature? For centuries, along with the expansion of population, researchers…
Protesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said. Organizers said "March Against Monsanto" protests were held in 52 countries and 436 cities, including Los Angeles where demonstrators waved signs that read "Real Food 4 Real People" and "Label GMOs, It's Our Right to Know." Genetically modified plants are grown from seeds that are engineered to resist insecticides and herbicides, add…
81–86% of all corn planted, 88–90% of all soybeans planted, and 81–93% of all cotton planted are genetically engineered (Lang, A., 2007). The use of genetically modified foods has sparked much controversy in issues of health, political, environmental, and social aspects all over the world. I will first define a genetically modified organism (GMO) and how it’s used to create a genetically modified food (GM food). I will then give a brief history of how and why GM foods became part of U.S. food crops…