Premium Essay

Monsanto Balances Environmental & Ethical Factors Case Study

In: Business and Management

Submitted By scriv
Words 2454
Pages 10
UNIT 2 COMPLETION QUESTIONS: Monsanto Balances Environmental & Ethical Factors

CASE SUMMARY:

Summarize the key facts of the case in a paragraph. Monsanto Company is the world’s largest seed company specializing in biotechnology or genetic manipulations or organisms (Ferrell, Gatewood, Gatewood, & Taylor, 2010). Scientist of Monsanto spend numerous hours modifying crops, inserting new genes or adapting existing genes within plant seeds, to meet certain aims; for example, higher crop yields or insect resistance. Their seeds have increased quantity and availability of crops, and help all farmers worldwide increase food production and revenues. Monsanto was started in 1901 by John F. Queeny, selling food additives, food extracts, and artificial sweeteners to different companies. Times changed and in the seventies, Monsanto marketed its first roundup herbicide that would propel the company even more into the public’s consciousness. However, it did do that, but within a few years after the introduction of Agent Orange which contained carcinogenic chemical dioxin, Monsanto had legal problems and a lawsuit was filed in 1979 by veterans who claimed they had been harmed by the chemical. Monsanto and other manufacturers agreed to settle for $180 million. The leaders of Monsanto decided a new focus was needed and in 1981 the company made a change focusing on biotechnology. With this new quest, the company began selling soybeans, cotton, and canola seeds if they could tolerate the roundup herbicide; using the herbicide allowed farmers to take control of weed growth while sparing their crop. In 2000, Monsanto entered into a merger changing its name to Pharmacia Corporation but within a few years of the merge, the broke off and was considered to be the new Monsanto focusing entirely on agriculture; however, the new emergence carried some disturbing news

Similar Documents

Premium Essay

Corporate Social Responsibility

...OUTLINE What Is Managerial Ethics? Criteria for Ethical Decision Making Utilitarian Approach Individualism Approach Moral Rights Approach Justice Approach Factors Affecting Ethical Choices The Manager The Organization What Is Social Responsibility? Organizational Stakeholders The Ethic of Sustainability and the Natural Environment Evaluating Corporate Social Performance Economic Responsibilities Legal Responsibilities Ethical Responsibilities Discretionary Responsibilities Managing Company Ethics and Social Responsibility Ethical Individuals Ethical Leadership Organizational Structures and Systems Ethical Challenges in Turbulent Times Economic Performance Social Entrepreneurship Managerial Ethics and Corporate Social Responsibility LEARNING OBJECTIVES After studying this chapter, you should be able to do the following: 1 2 3 4 5 6 7 Define ethics and explain how ethical behavior relates to behavior governed by law and free choice. Explain the utilitarian, individualism, moral rights, and justice approaches for evaluating ethical behavior. Describe how individual and organizational factors shape ethical decision making. Define corporate social responsibility and how to evaluate it along economic, legal, ethical, and discretionary criteria. Describe four organizational approaches to environmental responsibility, and explain the philosophy of sustainability. Discuss how ethical organizations are created through ethical leadership and organizational structures and systems...

Words: 21252 - Pages: 86

Premium Essay

Finance

...http://cls.casa.colostate.edu/transgeniccrops/what.html What Are Transgenic Plants? A transgenic crop plant contains a gene or genes which have been artificially inserted instead of the plant acquiring them through pollination. The inserted gene sequence (known as the transgene) may come from another unrelated plant, or from a completely different species: transgenic Bt corn, for example, which produces its own insecticide, contains a gene from a bacterium. Plants containing transgenes are often called genetically modified or GM crops, although in reality all crops have been genetically modified from their original wild state by domestication, selection and controlled breeding over long periods of time. On this web site we will use the term transgenic to describe a crop plant which has transgenes inserted. Image:Results of insect infestation on Bt (right) and non-Bt (left) cotton bolls. Source: USDA | Why Make Transgenic Crop Plants? A plant breeder tries to assemble a combination of genes in a crop plant which will make it as useful and productive as possible. Depending on where and for what purpose the plant is grown, desirable genes may provide features such as higher yield or improved quality, pest or disease resistance, or tolerance to heat, cold and drought. Combining the best genes in one plant is a long and difficult process, especially as traditional plant breeding has been limited to artificially crossing plants within the same species or with closely related...

Words: 11690 - Pages: 47

Premium Essay

Contemporary Business Issues

...Module 1 - The Accoutant As Strategic Business Adviser The Need For Advice 1.4 (9 issues small business entrepreneurs seek advice about - business structure, IP, liability, regulation, contracts, etc) 1.4 (Malach, Robinson & Radcliff 2006) 1.4 (business efficiency & productivity, management information systems, risk management & internal controls) 1.5 (strategic level - selecting appropriate growth strategies, identifying new products and markets, etc) 1.5 (the need for advice variety of reasons - consider the demand for advice arises) 1.5 (Xiao & Fu 2009) 1.5 Table 1.1 - Characteristics Of Different Sized Organisations 1.6 (SE MSE LE - organisation, strategy, customer/community, financial, governance, work force, IT processes) 1.6 Requests For Advice: Operational - Srategic - Global 1.7 (improving operational performance, greater strategic role, globally relevant issues) 1.7 Example 1.1: A Busniess Dilemma 1.7 Counterpoint (opposing arguement, soft skills, first: make the right decision about the services they perform - second:) 1.7 Providing And Implementing Advice (technical skills, soft skills) 1.8 Figure 1.1 - Providing Business Advisory Services 1.8 (issue, requirement, request, investigation, advice, decision, implementation) 1.8 (recommend actions should be well supported, identify key stakeholders) 1.9 Figure 1.2 - The Chain Of Events For Business Advisory Services) 1.9 Example 1.2: Succession Plan - Please Help 1.9 ...

Words: 7475 - Pages: 30

Premium Essay

Genetic Engineering

...Table of contents ……………………………………………………………………………………………………………. 2 1. A brief description of the technology and an explanation of the associated science (Mariella Velasquez) ………………………………………………..……………. 3 2. Psychological considerations and sociological effects (Mariella Velasquez) …………. 3 3. The historical development and context of the technology (Wesley Rupe) …………. 13 4. Political and legal influences (Mark Young) (Not Complete) 5. Economic questions and considerations (Jawad Rana)………………………………….…… 21 6. The technology in its cultural context, media influence (Charles Taiwo) (Not Complete) 7. Implications for the environment (Charles Taiwo) (Not Complete) 8. Moral and ethical implications (Layli Stroia) ……………………………………………………..… 30 Outline A brief description of the technology and an explanation of the associated science Definition: What is Genetic Engineering? Genetic engineering (GE) is the process of manipulation of an organism genome to create a new DNA. The new DNA might be implanted in a totally different DNA species. It is widely used to create hybrids (some species are not able to naturally breed), correct genetic flows in any type of being. It is applied in fields such as agriculture, industrial, medicine and pharmaceutical. (Aldridge, 1996). As Primrose explained, gene manipulation involves the creation and cloning of artificially created DNA (recombinant DNA) that provides with DNA...

Words: 8761 - Pages: 36

Premium Essay

Gentically Modified Foods

...GENETICALLY MODIFIED FOODS AND PUBLIC HEALTH DEBATE: DESIGNING PROGRAMS TO MITIGATE RISKS MOYE BONGYU University of Dschang, Cameroon GLORIA BILLINGSLEY Walden University MUSTAFA YOUNIS EMEKA NWAGWU Jackson State University ABSTRACT Human health is determined by both natural and artificial factors, amongst which what people consume is a critical variable. There is no consensus about the likely effects of the Genetically Modified foods/organisms (GMOs), but the fact remains that their effects on health are risky and highly unpredictable especially with the globalization tendency. The purpose of this study is to examine how the GMOs risks to public health can be reduced by policymakers enhancing public confidence in the GM foods. The Precaution Adoption Model (PAPM) has been selected to tackle this health problem. This model has been described and evaluation strategies analyzed on the basis of which success can be determined. BACKGROUND AND INTRODUCTION Human health is determined by both natural and artificial factors, amongst which what people consume is a critical variable. The proliferation of genetically modified (GM) food in the marketplace has resulted in heated public debate, scientific discussion and media coverage about their safety. Formerly, the use of selective breeding was commonplace but this was a sluggish and unreliable Public Administration & Management Volume 13, Number 3, 191-217 192 method. Genetic engineering now allows scientists to insert specific...

Words: 6806 - Pages: 28

Free Essay

The Case of Unidentified Industries

...Environmental assessment of bio-based polymers and natural fibres Dr. Martin Patel*), Dr. Catia Bastioli**), Dr. Luigi Marini**), Dipl.-Geoökol. Eduard Würdinger***) *) Utrecht University, Department of Science, Technology and Society (STS), Copernicus Institute, Padualaan 14, NL-3584 CH Utrecht, Netherlands; Phone: +31 30 253 7634; Fax: +31 30 253 7601; E-mail: m.patel@chem.uu.nl **) Novamont, Via Fauser 8, I-28100 Novara, Italy; Phone: +39 0321 699 611; Fax: +39 0321 699 600; E-mail: bastioli@materbi.com, marini@materbi.com ***) BIFA (Bavarian Institute of Applied Environmental Research and Technology), Am Mittleren Moos 46, D-86167 Augsburg, Germany; Phone: +49 821 7000-181; Fax: +49 821 7000-100; Email: ewuerdinger@bifa.de Table of Contents 1. INTRODUCTION 2. HISTORICAL OUTLINE 3. METHODOLOGY OF LCA 4. PRESENTATION OF COMPARATIVE DATA 4.1 STARCH POLYMERS 4.1.1 Starch polymer pellets 4.1.2 Starch polymer loose fills 4.1.3 Starch polymer films and bags 4.1.4 Starch nanoparticles as fillers in tyres 4.2 POLYHYDROXYALKANOATES (PHA) 4.3 POLYLACTIDES (PLA) 4.4 OTHER POLYMERS BASED ON RENEWABLE RESOURCES 4.5 NATURAL FIBRES 5. SUMMARISING COMPARISON 6. DISCUSSION 7. CONCLUSIONS 7.1 7.2 SUMMARY AND FURTHER ELABORATION OF FINDINGS OUTLOOK AND PERSPECTIVES 8. ACKNOWLEDGEMENTS 1 9. REFERENCES ANNEX 1: OVERVIEW OF ENVIRONMENTAL LIFE CYCLE COMPARISONS FOR BIODEGRADABLE POLYMERS INCLUDED IN THIS REVIEW ANNEX 2:...

Words: 22173 - Pages: 89

Premium Essay

Acca F1 Text Book

...FAB PAPER F1 ACCOUNTANT IN BUSINESS BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the FIA and ACCA qualifications. In this, the only FAB/F1 Study Text to be reviewed by the examiner:  We highlight the most important elements in the syllabus and the key skills you will need  We signpost how each chapter links to the syllabus and the study guide  We provide lots of exam focus points demonstrating what the examiner will want you to do  We emphasise key points in regular fast forward summaries  We test your knowledge of what you’ve studied in quick quizzes  We examine your understanding in our exam question bank  We reference all the important topics in our full index BPP’s Practice & Revision Kit and i-Pass products also support this paper. Note FIA FAB and ACCA Paper F1 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 I N T E R A C T I V E T E X T FAB/F1 ACCOUNTANT IN BUSINESS First edition March 2011 Third edition September 2013 ISBN 9781 4453 7026 2 Previous ISBN 9781 4453 9965 2 eISBN 9781 4453 7061 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by RICOH Ricoh House Ullswater Crescent Coulsdon CR5 2HR A note about copyright Dear Customer...

Words: 210642 - Pages: 843

Premium Essay

Muscle Binds

...Unit 1 VOCABULARY Text Muscle Binds (p. 3) virtue (n.), virtuous (adj.) to involve smb. in smth., be involved in/with, involvement (n.), involvement with/in strenuous (adj.) smugness (n.), smug (adj.) superiority (n.), superiority complex, superior (adj.), superior to smb. (opposite) inferiority (n.), inferiority complex., inferior (adj.), inferior to smb. lure (v), lure (n) eternity (n.), eternal (adj.) cripple (v.), cripple (n.) flourish (v.) humiliate (v.), humiliation (n.) fad (n.), passing fad drag (n.), real drag charity (n.), charitable (adj.) mortal (n., adj.) obsess (v.), be obsessed by/with smth. obsession (n.), obsession with smth terms (plural) in practical/political/economic terms, in terms of time/money/efforts Word Combinations to result from smth to result in smth apart from Expressions with “come” (p.7) Idiomatic expressions (p.8) Physical complains (p.18) Text How are your genes? (p. 19) span (n.), life span determine (v.), genetically/culturally/biologically determined, to determine + whether/why/who/what Text of the sample composition (p.30) benefit (v.), to benefit from, benefit (n.), to reap/receive benefit from, beneficial (adj.) test-tube (n.), test-tube baby controversy (n.), to create/cause/spark/stir controversy, controversial (adj.) affect (v.) hostility (n.), hostile (adj.) interfere (v.), interfere in/with abuse (v.), abuse (n.) ban (v.), ban (n.), ban on smth. One Man’s Meat is Another Man’s...

Words: 9264 - Pages: 38

Premium Essay

Cornalcornalcornal

...many of which are trade names, service marks, trademarks or registered trademarks. All materials internally quality assessed by the University of Sunderland and reviewed by academics external to the University. Instructional design and publishing project management by Wordhouse Ltd, Reading, UK. Contents Introduction vii Unit 1 The contemporary world of business and management Introduction 1.1 1.2 The global business environment The importance of developments in the global environment Case Study 1.3 Organisational decision making and performance vii 1 3 10 14 17 19 19 20 Self-assessment questions Feedback on self-assessment questions Summary Unit 2 Globalisation Introduction 2.1 2.2 Definitions and indicators of globalisation Key drivers and facilitators of globalisation Case Study 2.3 2.4 Barriers and inhibitors of globalisation Comparing the costs and benefits of globalization Case Study 2.5 International trade and foreign direct investment Case Study 2.6 Applying Porter’s diamond model 21 21 22 25 27 29 31 32 36 36 40 43 43 44 Self-assessment questions...

Words: 84990 - Pages: 340

Premium Essay

Student

...This page intentionally left blank Lut12575_fm_i-xxvi.indd Page i 2/10/11 2:28 PM user-f494 /203/MHBR222/Lut12575_disk1of1/0078112575/Lut12575_pagefiles International Management Culture, Strategy, and Behavior Eighth Edition Fred Luthans University of Nebraska–Lincoln Jonathan P. Doh Villanova University Lut12575_fm_i-xxvi.indd Page ii 2/11/11 2:35 PM user-f494 /203/MHBR222/Lut12575_disk1of1/0078112575/Lut12575_pagefiles INTERNATIONAL MANAGEMENT: CULTURE, STRATEGY, AND BEHAVIOR, EIGHTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009, 2006, and 2003. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on recycled, acid-free paper containing 10% postconsumer waste. 1 2 3 4 5 6 7 8 9 0 QDB/QDB 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811257-7 MHID 0-07-811257-5 Vice President & Editor-in-Chief: Brent Gordon Vice President, EDP/Central Publishing...

Words: 69321 - Pages: 278

Free Essay

Amjad Nazeer

...PICKING COTTON, COLLECTING PAINS (Socio-economic Condition of Cotton Picking Women in South Punjab) Researcher: Amjad Nazeer Oxfam GB, Islamabad (Pakistan) (October 24, 2012) 0 CONTENTS Executive Summary………………………………………………………….……….……...…2 The Euphoria of Agri-economy: ……………………………………………...….…………..7 Higher Yield - Between Myth and Reality: ..........................................................................................8 The Poison Business: ………………………………….……………………………………….9 Dealing in Pesticides: ….…………………………………………………………………......10 Socio-Economic Condition of Cotton Pickers: …………………………………………....11 Cotton Picking and Extended Agri-tasks: …………………………………….……..…….18 Bargaining Vulnerabilities: ………………………………………………………………….19 Clever Calculations to Rob off Picker’s Labour: ……………………..…….…………..…20 Picking Cotton in Poisonous Fields:…………………………………..…………..…..……23 Growers and Dealers attitude towards Pickers: …………………………..………..……..27 Labour Laws and Cotton Pickers: ……………………………………………………..……29 Concluding Thoughts and Recommendations: …………………..…….….………..…….29 End Notes and references: ………………………………………..……………….…………34 Bibliography: …………………………………………………….……………….………..…36 1 Executive Summary Approximately, seven million women are engaged in cotton picking across Pakistan. More or less, one third of them come from South Punjab. The incidence of poverty in rural South Punjab is estimated to be the highest after Baluchistan and parts of Sindh, with women’s condition...

Words: 12978 - Pages: 52

Premium Essay

Natual Capitalism

...A ROAD MAP FOR NATURAL CAPITALISM Business strategies built around the radically more productive use of natural resources can solve many environmental problems at a profit. BY AMORY B. LOVINS. L, HUNTER LOVINS. AND PAUL HAWKEN O ARTWORK BY CRAIG FRAZIER N SEPTEMBER i6, 1 9 9 1 , 3. Small gTOUp of s c i c n t i s t s w a s Isealed inside Biosphere II, a glittering 3.2-acre glass and metal dome in Oracle, Arizona. Two years later, when the radical attempt to replicate the earth's main ecosystems in miniature ended, the engineered environment was dying. The gaunt researchers had survived only because fresh air had been pumped in. Despite $200 million worth of elaborate equipment. Biosphere II had failed to generate breathable air, drinkable water, and adequate food for just eight people. Yet Biosphere I, the planet we all 145 A ROAD MAP FOR NATURAL CAPITALISM of those services doesn't appear on the business balance sheet. But that's a staggering omission. The economy, after all, is emhedded in the environment. Recent calculations published in the journal Nature conservatively estimate the value of all the earth's ecosystem services to be at least $33 trillion a year. That's close to the gross world product, and it implies a capitalized book value on the order of half a quadrillion dollars. What's more, for most of these services, there is no known substitute at any price, and we can't live without them. Some very simple changes to the way we run our This...

Words: 9179 - Pages: 37

Premium Essay

Corporate Social Responsibility

...Corporate Social Responsibility, Audit Fees, and Audit Opinions Long Chen School of Management George Mason University E-mail: lchenk@gmu.edu Bin Srinidhi Department of Accountancy City University of Hong Kong E-mail: acbin@cityu.edu.hk Albert Tsang School of Accountancy The Chinese University of Hong Kong E-mail: albert.tsang@cuhk.edu.hk Wei Yu Department of Accounting and Information Management The University of Tennessee E-mail: wyu4@utk.edu March 30, 2012 We thank Zhiyan Cao, Joseph Carcello, Keith Jones, Kathryn Kadous, Roger Simnett, and seminar participants at the City University of Hong Kong, George Mason University, National University of Singapore, Singapore Management University, Sun Yat-sen Business School, 2011 Academic Conference on Social Responsibility held by the University of Washington Tacoma, and 2012 AAA Auditing Section Midyear Conference for their helpful comments. Corporate Social Responsibility, Audit Fees, and Audit Opinions Abstract Using a sample of U.S. firms from 2000-2008, we examine whether and how their Corporate Social Responsibility (CSR) affects audit fees and the audit opinions. We find that auditors charge lower fees and reduce the propensity to issue going concern qualifications to client firms with superior CSR performance, but increase them for clients with significant CSR concerns. We interpret this finding as suggesting that the auditors use CSR information as an indicator of the client’s...

Words: 23847 - Pages: 96

Premium Essay

Business Plocy

...Strategic Management Strategic Management Philip Sadler First published in 1993, authors James C Craig and Robert M Grant Second edition published in Great Britain and the United States in 2003 by Kogan Page Limited, author Philip Sadler Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted under the Copyright, Designs and Patents Act 1988, this publication may only be reproduced, stored or transmitted, in any form or by any means, with the prior permission in writing of the publishers, or in the case of reprographic reproduction in accordance with the terms and licences issued by the CLA. Enquiries concerning reproduction outside these terms should be sent to the publishers at the undermentioned addresses: 120 Pentonville Road London N1 9JN UK www.kogan-page.co.uk 22883 Quicksilver Drive Sterling VA 20166–2012 USA © James C Craig and Robert M Grant, 1993 © Philip Sadler, 2003 The right of Philip Sadler to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. ISBN 0 7494 3938 6 British Library Cataloguing in Publication Data A CIP record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Sadler, Philip, 1930Strategic management / Philip Sadler. – 2nd ed. p. cm. – (MBA masterclass series) Rev. ed. of: Strategic management / James C. Craig. 1st ed. 1993. Includes bibliographical references...

Words: 83267 - Pages: 334

Premium Essay

Human Resource Management

...Managing Human Resources, 14e, Bohlander/Snell - © 2007 Thomson South-Western © STONE/GETTY IMAGES chapter 15 International Human Resources Management After studying this chapter, you should be able to objective Identify the types of organizational forms used for competing internationally. objective 1 2 3 4 5 6 7 8 Identify the unique training needs for international assignees and their employees. objective Explain the economic, politicallegal, and cultural factors in different countries that HR managers need to consider. objective Identify the characteristics of a good international compensation plan. objective Explain how domestic and international HRM differ. objective Reconcile the difficulties of home- and host-country performance appraisals. objective Discuss the staffing process for individuals working internationally. objective Explain how labor relations differ around the world. PART 6 Expanding Human Resources Management Horizons 639 Managing Human Resources, 14e, Bohlander/Snell - © 2007 Thomson South-Western 640 PART 6 Expanding Human Resources Management Horizons W hen you pick up a newspaper or turn on the TV, you’ll notice that stories are constantly being told about companies competing globally. These stories might include mergers of U.S. and international companies, such as Daimler-Benz and Chrysler a few years ago. Or they might highlight companies expanding into other...

Words: 24258 - Pages: 98