...will be heavily relied on to produce the worlds agricultural needs. As one of the leading agricultural company in the world, Monsanto is focused on sustainable agriculture and has been one of many company that has assisted farmers in developing seeds that can lead produce the necessary result the world needs. One of the ways they do this is by creating genetically modified seeds such as the Roundup Ready Wheat seeds that can yield increase crops and be safe for consumption. However, because of opposition to GMO from other countries and organizations, Monsanto has the answer the moral question of whether or not to introduce the wheat or delay it or drop it entirely. I think Monsanto should introduce the wheat but only on a trial and timed basis. II. Significant Facts – Monsanto’s Roundup Ready Wheat Monsanto is one the of the world’s largest agricultural companies that specializes in both conventional and genetically modified organism (GMO) seeds and other products. They pride themselves in respecting all those that are affected by their actions, including making better seed. They create seeds that are engineered to fit environmental places which have limited choice in areas incapable of sustaining their growth. One particular genetically modified seed created a dilemma for the company. Monsanto’s Roundup Ready Wheat line of GMO seeds, allow the crops grown from it to survive...
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...Case Study #1 – Monsanto 1 Case Study #1 – Monsanto Ronald J. McIntosh Student, BC 306 Ethics and Leadership - Spring 2014 City University of Seattle Case Study #1 – Monsanto 2 Abstract Monsanto first formed as a U.S. corporate entity in St. Louis, Missouri in 1901. The company was the first to lead a dramatic transformation in the field of agricultural seed and chemical development products. As time went on, new bio technologies based seeds were introduced. This new research development introduced the global “seeds-and-traits” business model impacting the world food supply of wheat, corn and insect repellents creating a global bio chemical marketplace in creating a new breed of man-made biotechnology seeds.(1) Discussion An example of how Monsanto has been attempting to balance stakeholder interests, one can look to the 2006 interaction with Brazil. This country became one of the world’s largest suppliers of soybeans, soymeal, sugar, and ethanol. Monsanto drafted a research, commercial strategy for Brazil. With an initial introduction of this strategy, Monsanto’s soybeans were continually grown extensively in Brazil. Farmers were allowed to use the cost saving ‘Roundup’ soybeans that were smuggled across the border from neighboring Argentina. Roundup...
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...Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Dr. Obradovich Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Harry Stevenson September 15th, 2015 Monsanto is one of the world’s largest industrial agriculture businesses, especially focusing on genetically modified products. The company specializes in biotechnology, modifying crops and genetic manipulation of organisms. These modifications help farmers by using less land and creating more crops, which equals more profits. Genetically modified (GM) food also helps create solutions to world hunger problems and is a rapidly growing product for famers. GM products have stirred up controversy everywhere they are distributed, and Monsanto, being a huge multinational corporation and a major producer, is at the center of the debate. Throughout the company’s history, Monsanto has been attacked with criticisms from governments, farmers and activists groups because of their controversial products. This case deals with the ethical implications of producing and selling a product without understanding the environmental and physical implications of the products. Monsanto claims that its products are safe, and the FDA has proclaimed that GM food is safe to consume but critics are not convinced and continue to try and stop the use of GM products. Monsanto has showed a clear disregard for ethical obligations in its history and continues to downplay the importance of environmental and physical risks to the...
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...Cardew Final Paper August 30, 2012 Monsanto and Genetically Modified Foods Monsanto is an agricultural biotech corporate giant that genetically modifies animals and crop seeds. On their website, they come across a deeply committed humanitarian organization that provides an ecologically sustainable answer to global hunger and malnutrition. The sad reality is that Monsanto is a wolf in sheep’s clothing, and perhaps one of the most unethical corporate giants in the world today. I will argue that Monsanto is on a power trip, and that they have a hidden agenda that has nothing to do with compassion, ecology or human hunger, and everything to do with greed. In the following paragraphs, I will provide a brief history of Monsanto. Then I will examine some of the promises made in their marketing propaganda, and provide evidence that these promises are little more than blatant lies. Monsanto started out in 1901 developing a highly controversial artificial sweetener called saccharine. Monsanto eventually shifted their focus to genetically modified plants and animals. They are still a major chemical production corporation, developing and marketing Roundup and several other herbicides, Bovine Growth Hormone, and genetically modified seeds. Among the most widely recognized of their genetically modified products include corn, soy and canola. These seeds have a gene inserted that makes them resistant to Monsanto's own herbicide called Roundup. These seed crops are called Roundup Ready. The...
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...Organizations should have moral obligations to each of their stakeholders, both internally and externally, as well as a moral obligation to the community in which it serves. Generally, moral obligations require others to have a sense responsibility to others; however, moral actions cannot be legally enforced by companies. As firms seek to create economic stability, a financial approach to moral obligation stresses that any obligations one has to self will automatically include obligations to others (Wolfe, 1989). The United States Food and Drug Administration has the responsibility to assure the public at large that products produced by companies are safe (“What We Do,” n.d.). The Monsanto company is an organization that produces consumer products...
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...An Introduction to the topic of GMOs Ruby Gutierrez Adventist University of Health Sciences Abstract GMOs are a promising and exciting revolution in agriculture. The technology, if safe, could allow humanity to make hunger a thing of the history. On the other hand a technology as powerful as GMOs also has the potential of changing our lives and ecosystems irreversibly. This paper is a basic introduction into the topic of genetically modified organisms and the concerns consumers and advocates around the world have about this technology, its approval, and future impact in the environment and societies around the world. Keywords: GMOs, FDA, agriculture, Monsanto, patents, corruption, environment. GMOs: An Introduction We live in an area where the acquisition of knowledge is only a few keystrokes away for any given subject. The pace at which new technologies are developed and become obsolete is unprecedented. Each new invention brings the hope and promise of a better tomorrow, an improved tomorrow. One of these revolutionary technologies are genetically modified organisms (GMOs). Companies that produce GMOs offer the technology as the answer to at least two of our most pressing issues, sustainable agriculture and world hunger. Both issues speak to one of humanity’s most basic biological needs, food. In effect, anything that affects this need should be treated with importance and urgency, because of the essential nature of food for human existence. ...
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...Efficacy of Monsanto’s Ethical Culture 4 Question 2: Costs and Benefits of Growing GMO seed 5 Question 3: Management of Harm with Plants and Animals 6 Question 4: Visit Monsanto website, what is CSR and Sustainability Strategy of Monsanto, and give suggestions for its strategy for Monsanto Company? 8 Conclusion 9 Bibliography 10 * * Executive summary Monsanto is one of the world’s largest industrial agriculture businesses, especially focusing on genetically modified products. Monsanto has obtained a progress in corporate responsibility, but Monsanto has deficiencies with ethical culture. Monsanto is in a difficult position, because the products are highly specialized and therefore most consumers do not understand them. Although, Environmental and health issues aside, Monsanto’s GM seeds provide an opportunity for farmers to increase profits by allowing them to grow crops on land that would not support traditional seeds. And it suggests creating ethical corporate system to help them to deal with the problem that products harm to plants and animals. Finally, it introduces the website, what kinds corporate social responsibilities and sustainability strategy does Monsanto has. For example, they pay attention to education, charity…. Introduction * The Monsanto Company is...
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...Monsanto Attempts to Balance Stakeholder Interests Monsanto is a company that has been around since 1901. They have renovated their company several times throughout the last century to fulfill a need in society. They have been suppliers for items such as artificial sweeter, saccharine, which was sold to Coca-Cola, vanilla flavoring, petroleum, fibers, packaging roundup herbicide, agent orange, and biotechnology for genetic manipulation of organisms in seeds. This company has seen touch times with ethics, environmentally, socially and business. 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Monsanto has let down their shareholders many times ethically. It started out in the 1970’s when they produced Agent Orange (Ferrell, Fraedrich, Ferrell, 2013). Agent Orange was just their first of many unethical circumstances. Monsanto does not maintain an ethical culture that can effectively respond to various stakeholders because to build a strong business you have to maintain your sense of respect toward the government and the environment. An example of this is when the FDA had to get involved due to whether or not the seeds that Monsanto was being produced were safe for the environment. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefits of growing GM seeds for crops is that when you genetically modify plant seeds you can put herbicides...
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... 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? I believe that overall Monsanto has tried to maintain a good ethical culture to their different stakeholders. I say this because even with all the issues they went through, and still going through, they have took 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. It’s hard to say if they have made the right decisions on some issues. The stakeholder’s problem with if the GM seeds are safe for consumers can not really be handled until time has passed by to show the results. But they could always prove to stakeholders that they are running tests and doing all that they can do. 2. Compare the benefits of growing GMO seeds for crops with the potential negative consequences if using them. 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 our growing population. Every year our population grows and grows. Bigger crops will help with this growing. Farmers will also have fewer worries about bugs, weeds, and drought harming their crops. There are some consequences about these seeds. Will they harm consumers? Will bugs and weeds begin to exhibit tolerance with these seeds? What effects will it have on the environment? Most of these questions Monsanto cannot answer...
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...Monsanto Attempts to Balance Stakeholder Interests Monsanto is one of the largest specialized in biotechnology companies that were not the largest ever in the world in this area. It has focused in recent decades on the modification of crops through the introduction of new genes and gene-conditioning inside the seed a better way for the development of specific goals such as control pests and increase production rates. Monsanto produces and markets 90% of genetically modified seeds that have helped farmers around the world. Through its products from seeds or genes used by other companies have the monopoly of Monsanto arrived in some crops in 70-100 of the market share of the foregoing became Monsanto's supporters and anti-where the point of view of the supporters was that Monsanto since reached technology that can contribute to solving the problem of food shortages in the world, including availability of high-yield products and resistance to pests. The opinion of the owners and your monopoly may make Monsanto multinational giant requisition food supplies in the world modified seeds genetically its health effects and the environment and biodiversity with all this division between the pro and anti-Monsanto this giant did not stop from becoming the largest and most govern in crops. All this controversy makes us look into the history of Monsanto where beginnings were in the production of chemicals that make us more wary of Monsanto products, modified Rathian the safety of individuals...
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...Monsanto is a company that has been around since 1901. They have renovated their company several times throughout the last century to fulfill a need in society. They have been suppliers for items such as artificial sweeter, saccharine, which was sold to Coca-Cola, vanilla flavoring, petroleum, fibers, packaging roundup herbicide, agent orange, and biotechnology for genetic manipulation of organisms in seeds. This company has seen touch times with ethics, environmentally, socially and business. 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Monsanto has let down their shareholders many times ethically. It started out in the 1970’s when they produced Agent Orange (Ferrell, Fraedrich, Ferrell, 2013). Agent Orange was just their first of many unethical circumstances. Monsanto does not maintain an ethical culture that can effectively respond to various stakeholders because to build a strong business you have to maintain your sense of respect toward the government and the environment. An example of this is when the FDA had to get involved due to whether or not the seeds that Monsanto was being produced were safe for the environment. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefits of growing GM seeds for crops is that when you genetically modify plant seeds you can put herbicides and pesticides in the seeds to prevent bugs from eating them and weeds overtaking...
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...1. Monsanto does try to maintain an ethical culture for stackholders in various different ways. Monsanto used ethics and social responsibility to form a reputation to its stakeholders. They did this by supporting youth programs and donating nearly $1.5 million in scholarships to students who want to pursue agriculture-related degrees. In addition, they gave a $15 gift to the Donald Danforth Plant Science Center to do crop research in Africa. Also, the fund helped the “Healthy Children, Healthy Future” program, which seeks to reduce diseases in Brazilian children through education of good health and basic hygiene. However, Monsanto’s dominance in the industry has burdened farmers in that farmers cannot reuse the seeds purchased year after year, they must purchase new seeds every year. If farmers are caught doing so, they must pay Monsanto. 1. Monsanto also faces challenges because of the lingering concerns over the safety and the environmental impact of its products. 2. Monsanto began using GMO seeds in the 1990s because of farmers concerns of the failing crops. The advantages that came from the arrival of GMO seeds included doubling the amount of crops farmers were able to grow in the same acre. This resulted in farmers tripling profits whom used these GMO seeds. Due to the effectiveness and the profits being drawn by using these seeds, farmers are likely to continue to use them. The uses of these seeds also cause concerns. Consumers became weary of the health concerns...
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... | |Question 3 |8 | |Islamic Perspective |12 | |References |16 | CASE ANALYSIS: MOSANTO BALANCES WORLDWIDE STAKEHOLDER CONCERN. Monsanto company is a multinational agricultural biotechnology corporation which is based in U.S as a headquarter. It is the leading producer of the herbicide glyphosate around the world. The corporation was founded in 1901 by John Francis Queeny, and headquartered in Creve Coeur, Missouri. It operates in agricultural biotechnology products such as Herbicides, pesticides; crop seeds. The company previously involved chemicals and later switched its business to biotechnological foods. The revenue of the company in 2008 was $11.365 billion where net income from this revenue was $2.024 billion and these earnings ware generated by 21,700...
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...Monsanto Attempts to Balance Stakeholder Interests Course: MAN 3065 Group#: 1 Date Submitted: Oct. 2, 2014 Member: Evelyn Arfaro Reference#: 810149 Member: Claudia Calmet Term: 2014-15 Member: Claudia Castro Days: T & Th Member: Loanny Martinez Time: 7:05 pm – 8:20 pm Member: Jeanette Ramos Prof: Hoa N. Burrows, CPA, MBA Monsanto is one of the largest seed company in the United States and was found by John F. Queeny in 1901 in St. Louis, Missouri. The Monsanto company has created a variety of products to include the artificial sweetener saccharine used by Coca-Cola. Due to past major legal obstacles (Orange Agent) they shifted their efforts from the chemical realm to an organization focused on biotechnology. Their past history has generated a consensus on the possibility of how biotechnology might affect the environment and peoples’ health (Ferrell 302). In order to look at stakeholder’s interest we must look at whether Monsanto maintain an ethical culture that effectively responds to various stakeholders; we must compare the benefits of growing GM seeds for crops with the potential negative consequences of using them; and how should Monsanto manage the potential harm to plant and animal life from using products such as Roundup. Who are Monsanto Stakeholders? Monsanto Stakeholders are their employees, customers, suppliers, shareholders, communities and investors...
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...Identify a key competitive advantage of Monsanto. What element of the external environment in which Monsanto operates threatens its future most? Justify The key competitive advantage of Monsanto is their biotechnology or their genetically modified organisms (GMO). The company maintains to deliver distinctive combination of traits and genetics through molecular breeding. Monsanto analyzes each seed before they are planted which improves the efficiency of the breeding process and the quality of plants. Their GM seeds have increased the quantity availability of crops; helping farmers especially in developing countries increase food production and revenues. They account for 90% of the worlds GM seeds and they also hold 70 to 100% market of certain crops; with high statics, the company is clearly one of the market leaders in their field. Monsanto have used their revenues from their competitive advantage to establish a fund, which funds the company’s projects in Africa, they also support youth programs and also young famers. No company can exist in vacuum; to a certain extent Monsanto is heavily influenced by environmental factors. The greatest external threat to the company’s future is social cultural trends, this constitutes of the general attitude of society towards an industry. There are many changes occurring within the world population and one of those is a move towards a healthier lifestyle; this is a prominent move in the US. Monsanto are faced by the critiques of environmentalists...
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